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Mt. Gox CEO Returns To Twitter, Enrages Burned Investors 281

Posted by samzenpus
from the poking-the-bear dept.
An anonymous reader writes Mark Karpeles doesn't seem to understand how much anger and trouble the $400 million Mt. Gox fiasco caused his customers. According to Wired: "After a long absence, the Mt Gox CEO has returned to Twitter with a bizarre string of tone-deaf tweets that were either written by a Turing test chat bot, or by a man completely oblivious to the economic chaos he has wrought. His first message after losing hundreds of millions of dollars worth of bitcoins? 'What would we do without busybox?'—a reference to a slimmed-down Linux operating system used on devices such as routers. He's also Tweeted about a noodle dish called yakisoba and Japanese transportation systems." Andreas Antonopoulos, the CSO with Blockchain says, "He continues to be oblivious about his own failure and the pain he has caused others. He is confirming that he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse."
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Mt. Gox CEO Returns To Twitter, Enrages Burned Investors

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  • by BlueKitties (1541613) <bluekitties616@gmail.com> on Thursday June 19, 2014 @07:26PM (#47277447)
    We all know after any wrong doing, a person must offer up at least three goats to the Social Justice Warrior spirits in order to quench their bloodlust.
    • Why is this flamebait? Bitcoins were practically MADE for shady deals and businesses and these people threw their "property" into the hands of a guy who anybody with even a teeny tiny bit of due diligence would have been able to find out he knows less about financial exchanges and Internet security than my southern ass knows about snowblowers so they lost their e-gambling money...and? Why should he give a fuck? I'm sure HE made out like a bandit, HE got paid, should why should he care about those that threw their e-money on the table and lost?

      Frankly this whole thing reminds me of those "only in FLA" stories where somebody goes bitching to the cops that their coke was cut with baby powder. If you use Bitcoins you are dealing with a currency that has ZERO safety nets, hell the reason why it became popular was places like Silk Road where you could buy anything and everything from drugs and CP to hitmen, and you trusted your BC to some yahoo that ran a fricking Magic:The Gathering trading club...really? And we are supposed to feel bad you got buttfucked after doing something so incredibly fucking stupid?

      I'm sorry but I can't feel any more sorry for these geniuses than I can the stupid bitch that sent her life savings to a Nigerian prince...you threw it away on a scam, learn from your stupidity and move on. this guy isn't gonna care anymore than the 419 guys care about who they scammed, so why go on about it?

      • Wait a sec. He had a Magic: the Gathering club? That's cool. I loved playing Magic back in the day. Never got too deep into it, but it was fun if you ignored the greedy bastards in it.

        So he migrated from one overpriced product that made it easy to scam someone, to another.

        • by Knuckx (1127339) on Thursday June 19, 2014 @10:11PM (#47278467)

          MTGOX
          Magic The Gathering Online eXchange

          He couldn't even be bothered to get a new domain name...

        • MtGOX stood for Magic the Gathering Online eXchange...see what I mean about due diligence? You are trusting millions of dollars in virtual property to a guy whose ONLY previous experience of note was running a trading club for a card game...really? NO experience in financial markets, NO experience in Internet Security or crypto, and THIS is whom you are gonna trust with a truckload of untraceable cash?

          I'm sorry if this hurts somebody's feelings or is too rough of a wake up call but there is stupid, fucking stupid, and pants on head "WTF ARE YOU DOING DUMBASS???" levels of stupid and this whole thing? Firmly in the latter. It would be like saying that because I have run a little PC shop for years that qualifies me to be the head of the IMF...hell I've handled money, made change, not THAT much different...right?

          • by Richy_T (111409) on Thursday June 19, 2014 @11:16PM (#47278767) Homepage

            I believe he bought it as a Bitcoin exchange and never actually ran it as a card exchange. There are rumors of a dodgy history in France before he moved to Japan also.

            • Re: (Score:2, Informative)

              by Anonymous Coward

              Correct. The mtgox domain was registered by Jed McCaleb (who created eDonkey) to use as a trading card site in 2007. He reused the domain in when he created the bitcoin exchange. Then he sold the whole operation to Mark Karpeles, who is the person this article is about.

      • by shutdown -p now (807394) on Friday June 20, 2014 @02:44AM (#47279427) Journal

        If you use Bitcoins you are dealing with a currency that has ZERO safety nets

        Not so. It's not treated as investment or cash, sure, so you don't get any protections like you do with banks. But insofar as it's good available for sale, if you pay and the seller does not deliver, you can certainly sue him, and the state will prosecute and will force him to part with cash - if he has any.

      • by coaxial (28297)

        you trusted your BC to some yahoo that ran a fricking Magic:The Gathering trading club...really?

        What? You don't do all your banking at the comic book shop?

        • you trusted your BC to some yahoo that ran a fricking Magic:The Gathering trading club...really?

          What? You don't do all your banking at the comic book shop?

          might be safer to put your money into comic books rather than bitcoin, ha ha.

          the thing is, the coins have fluctuated in dollar value but actually haven't crashed or disappeared.

          MTGOX was just one exchange, and a goofy one at that IMO, there are many others and more will come.

          BTC isn't going anywhere. Both as an idea and a currency.

      • by ultranova (717540)

        I'm sorry but I can't feel any more sorry for these geniuses than I can the stupid bitch that sent her life savings to a Nigerian prince...you threw it away on a scam, learn from your stupidity and move on. this guy isn't gonna care anymore than the 419 guys care about who they scammed, so why go on about it?

        So scams are okay because only stupid people fall for them? Got it. But I have to wonder: why limit this to just intellectual weaknesses? Surely the same principle works just as well for people who fai

  • This just in. (Score:4, Insightful)

    by Anonymous Coward on Thursday June 19, 2014 @07:32PM (#47277501)

    Man who quite obviously ran an elaborate scam and legally (as far as I'm concerned) stole money from a bunch of morons and suckers is a narcissist and sociopath. Are we supposed to be surprised?
    This guy is like people who rob little old ladies and see nothing wrong with it.

  • Busybox (Score:5, Informative)

    by Anonymous Coward on Thursday June 19, 2014 @07:34PM (#47277517)

    It's not an operating system.

  • What did he say about yakisoba? Does he like? Hate it? Get some on his shirt?

    • What did he say about yakisoba? Does he like? Hate it? Get some on his shirt?

      In Japanese, "yaki" mean fried, and "soba" means noodles. So "yakisoba" is just fried noodles. There is a wide variety of yakisoba, with various additional ingredients and sauces. Unless you have celiac disease, you should be able to find some type of yakisoba that you like.

    • Re: (Score:3, Funny)

      by B33rNinj4 (666756)
      That's where the money went. Yakisoba. A fuck-ton of it.
  • by Sowelu (713889) on Thursday June 19, 2014 @07:40PM (#47277575)

    I mean, first thing I would have though is "that's not actually him".

  • LOL (Score:5, Funny)

    by Charliemopps (1157495) on Thursday June 19, 2014 @07:41PM (#47277585)

    I have to say, the responses to his tweets are the funniest thing I've read all week.

    Jon Eaton @sketchy1poker 20m
    @MagicalTux die you fat fuck

    Angry Mofo @angrymofo Jun 18
    @MagicalTux Where's my Bitcoins you cunt ?

    Icecream @Bird8880 Jun 15
    @MagicalTux I hope you die in the next earthquake fat ass :)

  • by Anonymous Coward on Thursday June 19, 2014 @07:42PM (#47277589)

    OR.....the Twitter account could be compromised, and the attacker is trolling you. I mean, they don't exactly have a stellar security record.

    • by black3d (1648913)

      Their security record is generally pretty good. In most cases where a celebrity claims their account was "hacked" after a ridiculously stupid or insensitive tweet is posted is just PR covering their ass.

      • Their security record is rubbish - I've had two occasions on which my Twitter account was compromised, both times an unknown (to me) device was added to my Twitter account without my knowledge and spam tweets were made. My Twitter password is unique to twitter, and I have only ever used it to log in from my mobile devices, so the likelihood of the breach being due to something my end is exceedingly small. Have a quick search around, this is a known issue - there is an unacknowledged problem with Twitters

  • Quoting a guy named "The Arbitrageur (@FiatMoneyEnd)", complaining about how he had lost his money, was a particularly dry touch.

    • The sweet, sweet, smell of somebody who thought he had it all figured out learning what 'counterparty risk' is...
      • The funny, though rather predictable, thing about the bitcoin faithful is that this did nothing to shake their faith in it. The problem, according to them, wasn't the lack of tracking, regulation, oversight, or any of that, no it was clearly that MtGox "did it wrong" and that this "makes bitcoin stronger" and so on.

        They see this an as anomaly, not an inherent risk of their chosen currency. They have a poor understanding of economics. Same reason why they think BTC's built in deflation is a GOOD thing.

  • by robocord (15497) on Thursday June 19, 2014 @07:44PM (#47277601)

    "...he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse."

    So you're saying he has what it takes to be a Fortune 100 CEO?

  • "He continues to be oblivious about his own failure and the pain he has caused others. He is confirming that he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse." The only question is with qualifications like these does he pursue Wall Street or sub-prime lending?
  • So? (Score:5, Insightful)

    by Vyse of Arcadia (1220278) on Thursday June 19, 2014 @08:11PM (#47277775)

    He's also Tweeted about a noodle dish called yakisoba and Japanese transportation systems. Andreas Antonopoulos, the CSO with Blockchain says, "He continues to be oblivious about his own failure and the pain he has caused others. He is confirming that he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse."

    Sounds to me like he's just using Twitter the same way everyone else uses Twitter. Why does tweeting about yakisoba make him a remorseless narcissist? He may be that, but regardless Twitter isn't the best venue for heartfelt apologies. I bet he also failed to take responsibility for Mt Gox last time he sent a text or wrote a sticky note.

    • Re:So? (Score:5, Insightful)

      by Bite The Pillow (3087109) on Thursday June 19, 2014 @09:52PM (#47278377)

      Twitter shaming has always felt wrong to me. There is a whole story of a person's day, and life, that went into whatever that tweet was.

      And Wired just assumes that everything somehow is in the context of MTGOX, and should be interpreted that way.

      Karpeles seems to think the internet will happily retweet his thoughts on the weather, and that speaks to the strangely disassociated character of the man who build the worldâ(TM)s most successful bitcoin exchange, and then lost it all.

      Nope, not buying it. Your magical ability to decide what people are thinking is stupid and doesn't work right.

      To be fair, Karpeles has answered some investors, telling them that thereâ(TM)s an inquiry going on and to check with the companyâ(TM)s website for updates.

      That's not being fair. Does every post have to have a "PS Sorry for losing your money" appended to it?

      I don't read replies to my tweets. Celebrities don't. Sponsors of tweets don't. People who have their friends on twitter do. Which camp is this guy in? Hint: he's not just tweeting to his buddy. That's pretty obvious.

      He couldnâ(TM)t be reached for this story.

      Did you try twitter? Did he just ignore you like he ignores most of the responses? Oh, I'm guessing this isn't really a two-way communication system for him like you use it. In fact, it may be possible that people use communication platforms in entirely different ways compared to how one reporter at Wired does.

      Fuckhats.

      Sure this guy's a major douche canoe. That doesn't mean we can read intent into every inane unrelated tweet he sends into the void.

  • by Tailhook (98486) on Thursday June 19, 2014 @08:48PM (#47278021)

    I'm evil incarnate and I'm about to punish myself on behalf of the Twitterverse

    Ok... I'm cutting. I'm slicing my wrists right now

    That was pretty deep. Blood everywhere. Hard to type

    I'm so sorry. Your virtual money went to virtual money heaven and it's all my fault.

    Getting dizzy now. cant..... focus

    keyboard so sticky

    i dndt thk that woold hepeen we tried too stipthem and it

    i'm sorry

    Bitcoin is not a place one goes to enjoy the protections of traditional state issued currency and state regulated banking. Twitter is not a place one goes to find sincerity. Slashdot is not the place to indulge your fake outrage.

  • He is confirming that he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse.

    So basically he's just a Wall Street bankster, but with Bitcoins.

    • by Eskarel (565631)

      No because even junk bonds actually represent something of actual value.

      • No because even junk bonds actually represent something of actual value.

        Yeah, junk. The stuff you pay people to take away.

  • by Anguirel (58085) on Thursday June 19, 2014 @09:21PM (#47278207)

    This reads like it should be an Onion article. He's using Twitter for what it is typically used for -- self-absorbed useless posts. Why is anyone surprised? If they were all about how awesome his new $400 million yacht is, then I could see the issues. This is just that he came back to Twitter, and started using it normally.

    • He used his work related twitter account for posting personal messages and opinions to tons of people who only follow him for his work.

      Of course they're going to yell at him.

  • The news that not every tweet is an insightful font of wisdom is old news.
  • by sjwt (161428)

    It is Twitter, not the international apology bulletin board.

    If you are following this guy hoping he will say sorry and wire you part payments of bitcoins, then you have sadly misunderstood what Twitter is used for.

  • He didn't actually do anything different to what every OTHER banker does every day...

  • by Tom (822)

    It's kind of the purpose of the whole corporate system that companies can keel over and the people behind it can continue living their lives.

    If you don't like it, tough luck, it's the world we live in, we wanted it this way.

  • An apology footer in each tweet?

  • "Oh man, you're still going on about that? I said I'm sorry, okay? Now let's drop it and move on."

    (More seriously, though, my sympathy with the people who put their life savings into Bitcoin approaches zero.)

  • He is confirming that he is a self-absorbed narcissist with an inflated sense of self-confidence who has no remorse.

    In my experience, that's what it means to be a CEO.

Faith may be defined briefly as an illogical belief in the occurence of the improbable. - H. L. Mencken

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