Exactly, many MtGox victims have been waiting for 12 years now because of what Tim Draper is doing with Vessenes. Some were let off the hook after 10 years when Coinlab was paid off. What Tim Draper has been doing is horrible and completely shameless.

"Then we lost all our Bitcoin to Mt. Gox when they “lost” the money." Coinlab had a total of less than 0.3 BTC deposited across multiple accounts. 🤔

Tell us the whole story. Because Peter Vessenes could not pay you back the BTC he promised and was paid for, you had him on the hook. And you wouldn't just let him slip. So when MtGox went down, you both smelled an opportunity. You backed @vessenes in his ridiculous Coinlab vs. MtGox claim. In February 2019, CoinLab then increased its claim from $75 million to $16 billion, a sum that would have consumed all remaining BTC of MtGox - leaving the original 127,000 creditors with nothing. @MagicalTux called it outrageous, and it was. The CoinLab claim became the biggest roadblock delaying Mt. Gox creditors from receiving their funds for years, complicating the procedure. To this day, some MtGox creditors did not receive their money because of you and Peter Vessenes. Yeah, we all loved you, when you rooted for Bitcoin. But when I realized how you wouldn't blink an eye to screw us over any time, you lost me.

I initially bought Bitcoin for $4 per coin. Not because I understood the tech (I didn't). Not because I saw the future (I couldn't). But because someone explained how digital currency could change the world for people who didn't have traditional banking access. I had committed $250K to CoinLab and another $250K to purchase coins at $4 per coin when Peter Vinceennes (founder of CoinLab) said he'd mine it for me. Peter tried to store the bitcoin at Mt. Gox, and the money “disappeared.” When the US Marshal's office auctioned 30,000 bitcoins, I jumped back in. I bid $632 per coin vs. market price of $618 because I believed Bitcoin was truly changing the game. I won all nine lots. The price almost immediately fell to $180, but I held on. To thank the speakers at the first class of Draper University, I gave them some physical Bitcoin coins. Some of them have torn apart their houses looking for them.

Wow, what a story, Goes to show sometimes the next generation spots the opportunity first.

Thank you Tim! You and Adam are both class acts. And my favorite thing about both of your funds (other than the top tier returns) are that you aren't afraid to invest in truly frontier tech. Most VCs say they are, but are really quite conservative.

hopium

That’s why he is gonna list $DTV to Coinbase

What about $Facy or aiseer

I loved Brian Armstrong from the moment he walked into my office, but I had already invested in @CoinLab, so I didn’t invest at first. But my son, Adam did. I decided @Coinbase would have too long a road to success, so I passed. Ouch. I thought retail crypto was too far away, but my son Adam disagreed and wrote Brian his first check. I followed suit shortly after and got in on the next round. Coinbase has become a household name and dominates the world of cryptocurrency. Coinbase now has over 120 million customers who use @Bitcoin and other cryptocurrencies for commerce, finance, trading, and value storage. The return from Coinbase alone nearly doubled our entire @DraperVC Fund V. Brian has been an unwavering north star in Bitcoin and crypto. His innovation and creativity know no bounds. The lesson for founders: If the first VC says no… try asking one of their sons or daughters… some call mine the new VC Scions.

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The next oppurtunity should be $KAS #Kaspa

Amazing story! 🫡

The lesson? Don’t let “conflict” stop you from making good investments. Bet on all the best horses.

What a story! I am curious what made @brian_armstrong stand out in the pitch way before he probed himself with how he built the company?

😍

Lmao

learning: have as many sons possible

I can relate to this because I’ve also beaten my dad’s returns on his investments from time to time It’s not that hard though because his “investments” are a Mexican timeshare and a boat