<story><title>MtGox.com is offline</title><url>https://www.mtgox.com/?dead</url></story><parent_chain><item><author>panarky</author><text>There is no fucking way 700,000 BTC disappears with nobody noticing. This must have been building for a long time.&lt;p&gt;Was there never any attempt to compare BTC in wallets to customer balances?&lt;p&gt;Or did MtGox know about this problem, and hope to cover it up over time?&lt;p&gt;Either case is at least gross negligence if not criminal fraud.&lt;p&gt;Yes, we all fuck up at some point. But I don&amp;#x27;t pretend to be a surgeon and perforate a patient&amp;#x27;s aorta. Pretending to be competent to gain people&amp;#x27;s trust is fraud.&lt;p&gt;I sympathize with those who lost money in this clusterfuck.&lt;p&gt;No sympathy for Karpeles.</text></item><item><author>blhack</author><text>It&amp;#x27;s really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt.&lt;p&gt;--&lt;p&gt;MtGox was (past tense is &lt;i&gt;probably&lt;/i&gt; appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed &lt;i&gt;spectacularly&lt;/i&gt;, and publicly, and took a TON of peoples&amp;#x27; money with it.&lt;p&gt;The transaction malleability thing was poor programming on the part of gox.  Remember that we have ALL fucked up at some point, just luckily for most of us, &amp;quot;fucking up&amp;quot; doesn&amp;#x27;t mean losing than much of other peoples&amp;#x27; money.&lt;p&gt;Mark, I doubt you read hacker news, but if you do: it&amp;#x27;s alright, dude.  You bastard.</text></item></parent_chain><comment><author>dobbsbob</author><text>Most people who&amp;#x27;ve been around bitcointalk and bitcoin-otc know not to use MtGox since circa 2011 when their stunning incompetence was at it&amp;#x27;s height. Sadly there were plenty of media shill articles when Btc skyrocketed to $1,000 last year who were promoting them as the &amp;quot;Biggest Bitcoin exchange&amp;quot; without pointing people to relevant bitcointalk threads on what a nightmare that site has been over the years.&lt;p&gt;If you read MagicalTux&amp;#x27;s personal blog you&amp;#x27;d know to never trust anything he&amp;#x27;s coded too. &lt;a href=&quot;http://blog.magicaltux.net/2010/06/27/php-can-do-anything-what-about-some-ssh/&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;blog.magicaltux.net&amp;#x2F;2010&amp;#x2F;06&amp;#x2F;27&amp;#x2F;php-can-do-anything-wh...&lt;/a&gt;</text></comment>
<story><title>MtGox.com is offline</title><url>https://www.mtgox.com/?dead</url></story><parent_chain><item><author>panarky</author><text>There is no fucking way 700,000 BTC disappears with nobody noticing. This must have been building for a long time.&lt;p&gt;Was there never any attempt to compare BTC in wallets to customer balances?&lt;p&gt;Or did MtGox know about this problem, and hope to cover it up over time?&lt;p&gt;Either case is at least gross negligence if not criminal fraud.&lt;p&gt;Yes, we all fuck up at some point. But I don&amp;#x27;t pretend to be a surgeon and perforate a patient&amp;#x27;s aorta. Pretending to be competent to gain people&amp;#x27;s trust is fraud.&lt;p&gt;I sympathize with those who lost money in this clusterfuck.&lt;p&gt;No sympathy for Karpeles.</text></item><item><author>blhack</author><text>It&amp;#x27;s really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt.&lt;p&gt;--&lt;p&gt;MtGox was (past tense is &lt;i&gt;probably&lt;/i&gt; appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed &lt;i&gt;spectacularly&lt;/i&gt;, and publicly, and took a TON of peoples&amp;#x27; money with it.&lt;p&gt;The transaction malleability thing was poor programming on the part of gox.  Remember that we have ALL fucked up at some point, just luckily for most of us, &amp;quot;fucking up&amp;quot; doesn&amp;#x27;t mean losing than much of other peoples&amp;#x27; money.&lt;p&gt;Mark, I doubt you read hacker news, but if you do: it&amp;#x27;s alright, dude.  You bastard.</text></item></parent_chain><comment><author>sheetjs</author><text>&amp;gt; There is no fucking way 700,000 BTC disappears with nobody noticing.&lt;p&gt;The history of Barings Bank is interesting, primarily because the main trader Nick Leeson was in the position to mask hundreds of millions of pounds of losses.  In that case, no one noticed the roughly $1.3B loss because he was in a position where the internal controls didn&amp;#x27;t apply</text></comment>