One False Move Might Have Become Fatal for Mt.Gox and Karpeles


Posted February 28, 2014 by hortrex

The only irreversible thing is believed to be death. http://cointelegraph.com/post/one_false_move_might_have_become_fatal_for_mt_gox_and_karpeles#sthash.Voc40bdH.dpuf

 
The only irreversible thing is believed to be death. The flow of time prohibits weak human beings to interfere and return to life ones, who have lost it. Close to this absolute threshold of eternity are two crucial aspects as trust and reputation. A small slip or false move observed through the magnifying glass of fame and fortune might bring any career in a dead end. Karpeles, the CEO and owner of the once leading exchange service Mt.Gox, is passing steps of the modern financial abyss. Now, it is important to determine whether the recent events will drown him for a while with some excessive funds left enough for a happy life or the misfortune has almost anecdotic reasons.

The first circle of Hell was about two weeks ago. The inconsistence of the company was reasoned with insolvency of the Bitcoin protocol on the 11th of February. Such poor explanations have led to next levels - termination of withdrawals, Mr. Karpeles resigning from a leading position at the Bitcoin foundations and active investigations in the cryptographic environment. The analytic attempt of numerous users can be found on Reddit and other related forums. The most conclusions obtained by self-assured detectives blame Karpeles of theft and fraudulence. The masses are shouting out a question that bothers the society: “Mt.Gox, where is our money?”. Anyway, it seems the most intuitive and obvious scenario, otherwise there is no use to harm a relatively successful business providing stable income, having natural potential of further growth.

- See more at: http://cointelegraph.com/post/one_false_move_might_have_become_fatal_for_mt_gox_and_karpeles#sthash.Voc40bdH.dpuf
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Issued By Alice
Country Australia
Categories Finance
Last Updated February 28, 2014