Mark Karpeles is not entirely at fault for the Mt. Gox episode, claims Peter McCormack

Peter McCormack of the WhatBitcoinDid podcast fame, was on the hot seat as a guest on Brock Pierce’s podcast. The podcast touched upon a host of topics, including how Peter McCormack came to enter the crypto business, his career as a crypto-podcaster, and his opinion of Mt. Gox’s Mark Karpeles.

When asked about how Peter McCormack came to be introduced to the world of cryptocurrency, McCormack stated that he discovered cryptos through Silk Road, the darknet marketplace that was shut down over charges of alleged drug trafficking and arms smuggling. However, McCormack conceded that he didn’t fully get into crypto until late 2016, when he bought Bitcoins to arrange CBD (Cannabidiol) for his sick mother. The popular podcaster also admitted to having earned and lost a lot of Bitcoin over the period.

McCormack elaborated on his introduction to the world of crypto, stating that he started by writing articles and blogging about Bitcoin, before a friend convinced him to go ahead with a podcast. Citing the host of crypto-proponents he interviewed via his podcast, including the likes of Luke Martin, Charles Hoskinson, Charlie Lee, Jameson Lopp, Adam Back, and Hester Pierce, Peter McCormack had a piece of advice to give to fellow podcasters:

“Get very good guests.”

McCormack and Brock Pierce also discussed other subjects pertinent to the world of cryptocurrency. The host of WhatBitcoinDid podcast agreed with Pierce who felt that the sentencing of Ross Ulbricht, the man behind Silk Road, was harsh and severe. Pierce had cited the argument that Ulbricht was neither buying or selling on the darknet marketplace and the fact that the world’s most dangerous drug lord, ‘El Chapo’, received a comparatively reduced sentence.

The podcaster also provided some interesting insights into the character of Mark Karpeles, the former CEO of Mt. Gox, once the world’s largest Bitcoin exchange. Talking about the time he met Karpeles in Japan, McCormack said,

“Karpeles did a lot of stupid things, but I have a lot of sympathy for him.”

McCormack also spoke about Karpeles as a “nice guy”, stating that on a person-to-person level, the podcaster liked him and felt sorry for him since he seemed like “he had been through a lot”. With respect to the allegations leveled against Mark Karpeles, McCormack said,

“He was the wrong guy in the wrong place and got trapped in a situation, and I don’t think he’s entirely at fault.”

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