Ignorance is bliss.
Knowledge is power.

MtGox

Given MtGox’s recent self-implosion, it seems that either MtGox was grossly incompetent, or it was set up as an elaborate scheme for its principals to walk away with hundreds of millions of dollars in bitcoins.

…

“I personally don’t think that it made sense [for this to be fraud]. I imagine they were making good amounts of revenue,” Andrew Lee added. “It’s hard for me to even imagine [cheating] to be a possible scenario, but that being said, as to what did happen or what is happening, I think that it might be best to wait on making any assumptions or judgments.”

l0de: Alright, I'm with it, l'm with it. Alright, um, but yeah, there have been some pretty legendary court filings, where I believe you were accused of snuffling up a fucking mountain of cocaine and, uh, running a brothel, and other- other pimp type activities. Do you wanna comment on that at all, or were those just unfounded allegations?

Andrew Lee: Cartel, brother.
l0de: The cartel? So you were running a cartel essentially?
Andrew Lee: Shit.
l0de: That's pretty fucking wild right there. Not a lot of people will just straight up admit to running a cartel on the radio. You're a brave man Andrew Lee. Alright...
Andrew Lee: Very brave.

…

l0de: Let's talk about hip-hop for a second. Who are you listening to right now, besides Lil Punk [sic] who pussied out on this fucking call?
Andrew Lee: Shit, ah, right now l've been just listening to the beat of the drum of war.
l0de: O h shit.
Andrew Lee: Not really anything really in particular, you know what I'm saying?
l0de: That's a really fucking politician [sic] question right - or, answer right there, Andrew Lee. You gotta put yourself out there man. Show people what you're really all about right there. Alright, so, political questions...
Andrew Lee: I think I did by the way.
l0de: Say that again?
Andrew Lee: I think I did by the way.
l0de: Uhh.. when I ask a man, "what are you listening to right now?" I wanna hear "yo I'm about that new Pimp Trick" or fucking "I got that CAS [sp?] n****". That's what I wanna hear.
Andrew Lee: Yeah I wasn't being sarcastic. I was saying I'm literally just listening to the beat of the drums of war.
l0de: Alright, well, I'll take that as it is right there. Alright, so, Freenode, right now. What can we expect - and you said you don't want to talk about your long term plans - what can users expect in the next week or two is going to go on, on Freenode? How are you going to attract these new users up in there?
Andrew Lee: Yeah, so in the next week or two we're gonna continue finding toxic channels and closing them down -

l0de: Oh hell yeah. So there's a purge going on?

Are you okay, Annie?