Mt Gox: Still a Scam

Yesterday, I moved my old refrigerator to my garage. When I woke up today, there was an icebox in my kitchen and nothing in the garage.

Mt Gox released a report stating that they had “found” 200,000 of the ~850,000 “lost” bitcoins. (The English version is on the second page.)

“But I thought the hackers proved that Mt Gox was a scam from the start?” (me to myself a few days back)

No. That was another scam. This stuff is getting problematic.

Disregarding that. This playout of events is unusually similar (see “Copycat Scam”) to MyBitcoin. After shutting down and claiming hax, they “recovered” 49% of their bitcoins and gave them back to the customers.

Mt Gox has not yet offered the 200,000 bitcoins they found back– likely, more bitcoins will be magically discovered, and then they will allow customers to retrieve a percentage of what was lost.

This only convinces me further of foul play. Think about it. What kind of atrocious accounting does it take to allow 200,000 bitcoins to sit around and not be verified when switching systems?

That’s like moving into a new house and taking a month to realize that you forgot to bring your family.

Or, as a more accurate analogy, depositing $1000 into a bank and taking a month to realize that your account only has $800.

You don’t even need to keep a record. Ignoring that a TRADING MARKETPLACE needs to have everything on record, how can you not bother to notice that A FOURTH OF YOUR MONEY ISN’T THERE?

For Mt Gox to have “thought” that these old wallets contained no bitcoins, they must have failed to check how many bitcoins they actually had in the new wallets. Which means, either Karpeles is such a retard that he doesn’t know how to count, or he purposely left those 200,000 bitcoins behind… to reproduce MyBitcoin’s scam.

I, personally, would be more likely to believe the “haxors” story were Karpeles not to have released this preposterous report. I suggest you do similarly. I am eager to see how this will progress.