All posts made by pmorici in Bitcointalk.org's Wall Observer thread



1. Post 5399400 (copy this link) (by pmorici) (scraped on 2020-04-04_Sat_12.21h):

Quote from: meanig on February 27, 2014, 03:50:35 AM
Be wary of the two-bit idiot guy. Just found some CONFIRMED bullshit in his gox blogs.

He says in this post from Wednesday 26th http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mt

Quote
SecondMarket was, in fact, approached by Mt. Gox some time last weekend.  Mark Karpeles approached Barry Silbert to solicit an acquisition offer, and it seems likely that Silbert, who had already committed privately to building a US-based exchange bitcoin exchange, jumped at the opportunity to explore the deal.

However, when the magnitude of the theft and potential fraud became free, Silbert and his team quickly pulled out of discussions, sent an email to all employees over the weekend banning them from buying or selling bitcoin indefinitely, and most likely reported the suspicious activity to the authorities.  As a regulated entity that probably signed a non-disclosure agreement before learning the full extent of the Mt. Gox damage, SecondMarket would have had no other choice, but to keep this out of the public eye, even if it was acting honestly behind the scenes.

But if you look at the numbers from the BIT thread you'll see that they've bought over 500 bitcoins this week.

https://bitcointalk.org/index.php?topic=337486.msg5398518#msg5398518

Pretty sure he means that they were prohibited from trading for their personal accounts just like the employees of a hedge fund would be prohibited from trading in stocks that they might get special access to information to through their jobs.  That isn't a comment on SecondMarket's activities as I read it.