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Mt.Gox "Closes All Transactions" Again "To Protect Site And Users"

Tyler Durden's picture


More humor from Mt.Gox, which has once again "temporarily" suspended all transactions. Can it just make it permanent already, and get it over with?

Just released statement from the doomed exchange named after Magic: The Gathering.

Dear MtGox Customers,


In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.


Best regards,
MtGox Team

Meanwhile, here is an artist's rendering of what Mt.Gox' logo should have been all along:

h/t @ButtCoin


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Tue, 02/25/2014 - 11:45 | 4475364 Divided States ...
Divided States of America's picture

One day this will happen on NYSE and NASD.

Tue, 02/25/2014 - 11:49 | 4475391 gmrpeabody
gmrpeabody's picture

Hey Phone..., it's for you...

Tue, 02/25/2014 - 11:52 | 4475414 Pladizow
Pladizow's picture

That Mont-Got Corzined!

Tue, 02/25/2014 - 12:00 | 4475457 Indian_Goldsmith
Indian_Goldsmith's picture

All those going bankrupt due to this fraud... I am willing to buy your young women for gold coins. Who wants gold?

Tue, 02/25/2014 - 12:13 | 4475498 AlaricBalth
AlaricBalth's picture

Rumors have swirled that Mt Gox's downtime is a result of a massive hack that has stolen as many as 744,000 bitcoins, fully 6% of all bitcoins in existence.

And from Reddit Bitcoin thread:


Just got an email from MtGox account that someone successfully logged in my account.

The thing is: I created that account for a brief moment, and no one knows about my account, i have no relationship with bitcoins since i dont buy/sell.

I must come to a conclusion that maybe MtGox got hacked.

Be warned guys..

Here the email:

Dear saxxxxx,

This is an email notification that your MtGox account has been logged-in to successfully.

Login Details: Account ID: saxxxxx IP Address: User Agent: Mozilla/4.0 (compatible; MSIE 8.0; Windows NT 6.1; WOW64; Trident/4.0; chromeframe; SLCC2; .NET CLR 2.0.50727; .NET CLR 3.5.30729; .NET CLR 3.0.30729; Media Center PC 6.0; MAXTHON 2.0) Connection Time: 2014-02-16 12:36:09 GMT

The purpose of this email is to keep you notified about account activity. Thank you for using MtGox and keeping your account secure.

Best Regards, MtGox Support


And another happy customer:

I was hacked aswell. I have never used my account there to the point that i forgot that i had even had one. I made it ~a year ago. I'm not running a compromised system. I run linux and have not only not logged on that account since the day it was created, it's not using a shared password. I run noscript. I reformat my system fairly frequently(once every month or so.). I have not been on that site before making the account and since making the account. It's looking like they may have been hacked. everyone be careful. change your passwords everywhere. enable 2FA. Consider setting up a password manager such as keepass.

IP Address:

Could be a script they're running to modify user accounts. Considering it's happening to lots of people there's either a complete crack on their user account hash or it's just a symptom of whatever they're trying to fix. I don't find it that strange it's traced back to China IP, physically that's the first hop Japan will make, we're only seeing the last-hop ISP results. I'm always trying to think positive though, which usually works since people are very jumpy about these things. No one that I've seen in posts has stated they had any btc stolen, withdrawn, etc...just the notification botmail. Let's see how it pans out. Jeebers, what a mess.

Tue, 02/25/2014 - 12:13 | 4475520 fonestar
fonestar's picture

So people should take a lesson and don't treat exchanges like savings accounts.

The appears to be China but could just be a proxy-bot in the attack.

Tue, 02/25/2014 - 12:31 | 4475625 AlaricBalth
AlaricBalth's picture


Interesting Mt Gox Crisis Strategy Draft

An excerpt:

For several weeks MtGox customers have been affected by bitcoin withdrawal issues that compounded on themselves. Publicly, MtGox declared that “transaction malleability” caused the system to be subject to theft, and that something needed to be done by the core devs to fix it. Gox’s own workaround solution was criticized, and eventually a fix was provided by The truth, it turns out, is that the damage had already been done.


At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.

The cold storage has been wiped out due to a leak in the hot wallet. The reality is that MtGox can go bankrupt at any moment, and certainly deserves to as a company. However, with Bitcoin/crypto just recently gaining acceptance in the public eye, the likely damage in public perception to this class of technology could put it back 5~10 years, and cause governments to react swiftly and harshly. At the risk of appearing hyperbolic, this could be the end of Bitcoin, at least for most of the public.We believe in the value of Bitcoin, its potential to change the world, and its principles of transparency. Most importantly we care about the customers of MtGox and other bitcoin-based businesses who will be affected.The likely consequences will be larger than this localized financial damage, and we believe that the benefits of keeping MtGox stable and running outweigh the risks. This isn’t about saving MtGox anymore.

Tue, 02/25/2014 - 12:37 | 4475667 akak
akak's picture

"The Mt. Gox crisis is contained, and will not spread to the broader cybercurrency economy".

-Bitcoin Bernanke

Tue, 02/25/2014 - 12:43 | 4475702 Stackers
Stackers's picture

Just leaked phone cam video of the MtGox board meeting

Tue, 02/25/2014 - 14:44 | 4476555 fonestar
fonestar's picture

In the end fiat days you better get right with Satoshi and...


Tue, 02/25/2014 - 15:12 | 4476708 SAT 800
SAT 800's picture

You really need to get out more.

Tue, 02/25/2014 - 15:54 | 4476900 FEDbuster
FEDbuster's picture

Just checked my gun safe, all my silver and gold present and accounted for.

"If you can't stand in front of it and defend it with an AR-15, you don't own it" Ann Barnhardt

Tue, 02/25/2014 - 17:14 | 4477259 fonestar
fonestar's picture

fonestar just checked his wallets.  All of his Bitcoins are fine.

Tue, 02/25/2014 - 17:26 | 4477304 Rusty Shorts
Rusty Shorts's picture

Rusty thinks fonestar is a blithering idiot.

Tue, 02/25/2014 - 13:57 | 4476256 MeMongo
MeMongo's picture

Classic vid

"Fuck this game" 


Tue, 02/25/2014 - 20:06 | 4478079 Exponere Mendaces
Exponere Mendaces's picture


Yeah, the other exchanges are trading 100-plus higher from the overnight lows - and everyone can get their balances. There's no reason to use an exchange like a bank, and very few actually do - if they know what they're doing, that is.

Gox was a cancer, it has been excised, and now the recovery will begin. Unlike the legacy financial system, with its TARP, QE-Infinity, Maybe-Taper nonsense. I'm sure the next Debt Ceiling fiasco is just around the corner, in addition to the full-scale raping and pillaging of everyone's savings in 401k's with MyRA's and other instruments they'll eventually make mandatory.

Tue, 02/25/2014 - 12:44 | 4475693 fonestar
fonestar's picture

fonestar would not necessarily agree with that.  Bitcoin isn't mom and pop's guaranteed 2% IRA or whatever, those people would not be buying Bitcoin anyways and will use every piece of "news" as justification for why they're glad they didn't buy.  As for transaction malleability, it appears that Gox's wallet was second guessing or at least not waiting for confirmation from the Blockchain?  Stupid, why?  Gox is not critical for Bitcoin's survival anymore than COMEX is critical for physical silver's survival.  Maybe we go down into $300s or $400s from here but should be putting in a bottom soon and personally fonestar is glad Gox is gone.  What are the Tyler's going to do for Bitcoin "news" now?  Oh, maybe reference a real exchange???

Tue, 02/25/2014 - 14:16 | 4476388 BurningFuld
BurningFuld's picture

Here is what you do not get about bitcoins. People will make every effort that is humanly possible to steal them because there will be NO PENALTY for stealing them. Anything and everything you can think of of people will be doing to take them from you...there will be no stone left unturned. Get it??

Example: Set up an exchange for bitcoins and then steal them. I mean why the fuck wouldn't you???

Tue, 02/25/2014 - 14:26 | 4476454 fonestar
fonestar's picture

Did I miss something?  People are going to steal any media that can be used for exchange of goods and services.  A lot of these thieves are very sophisticated and brilliant.  fonestar has never had any Bitcoin stolen from him and his PAL.

Tue, 02/25/2014 - 18:25 | 4477573 TheHound73
TheHound73's picture

You are one of those that need to wait until Bitcoin is safe enough for grandma to use.  Be thankful that security improvements being built up around protecting bitcoins will trickle down to all forms of digital activity.

Tue, 02/25/2014 - 13:25 | 4475986 FinalEvent
FinalEvent's picture

And at least Gox is not too big to fail!
Let it die and be an example for the fiat world.

Tue, 02/25/2014 - 14:42 | 4476542 bitHedge
bitHedge's picture

Being hacked is complete BS!

I own a Hong Kong company in bitcoin. In July the USA financial regulators seized Gox cash in US jurisdiction for non-compliance as a a money transmitter. 80% of their volume was in USD, they went insolvent that day. Over the last 8 months they have been Corzining their exchange, defrauding customers, and making highly leveraged bets with their clients' money in order to try to claw their way back to solvency. Eventually bitcoin started a correction from the $1000 point, and Gox was late coming up with the cash to pay people that were taking their profits. So traders started just taking their bitcoins out and to different exchanges to cash out....


And that is what did it, Gox ran out of bitcoins so they froze bitcoin withdrawal. And being a bunch of Corzines, they will lie that the funds are stolen to cover their assess. Give it a month or two and I bet you their CEO will be in US custody and made an example of, the regulators would love to show their power in this new market


PS I have never done business with Gox

Tue, 02/25/2014 - 15:07 | 4476677 fonestar
fonestar's picture

Thanks for the information.  fonestar hopes the regulators scare all the weenies (like the posters here) out of ever owning Bitcoin.

Tue, 02/25/2014 - 18:16 | 4477543 chemystical
chemystical's picture

"fonestar hopes the regulators scare all the weenies (like the posters here) out of ever owning Bitcoin"

Riiiiiight, and "...fuck the 99%" and "Who gives a fuck what Joe or Jane think?" and "I hope that everyone sells so that I can buy them all".   Because no market needs particpants. 

What remains is 0.01% of the world's population in a big circle jerk wondering why they've yet to see the 5 or 6 digit USD per Btc that you promised.  And there, leading the circle jerk, is phoneystar shouting, "Pump faster".

Tue, 02/25/2014 - 12:16 | 4475545 MeMongo
MeMongo's picture

I hear it doesn't take gold to get women in India, just a large group of thugs!

Tue, 02/25/2014 - 12:07 | 4475496 fonestar
fonestar's picture

Hey Phone..., it's for you...


fonestar has this.

Tue, 02/25/2014 - 12:11 | 4475507 NoDebt
NoDebt's picture

New press release from Mt. Gox as to whats going to happen to their clients' accounts, as read by Groundskeeper Carl from Caddyshack:

So we finish the eighteenth and he's gonna stiff me. And I say, "Hey, Lama, hey, how about a little something, you know, for the effort, you know?" And he says, "Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive total consciousness." So I got that goin' for me, which is nice.

Tue, 02/25/2014 - 13:30 | 4476027 redpill
redpill's picture

Gunga lagunga

Tue, 02/25/2014 - 12:13 | 4475512 gmrpeabody
gmrpeabody's picture

"fonestar has this"

I know..., it's only a flesh wound...


Tue, 02/25/2014 - 12:15 | 4475532 fonestar
fonestar's picture

Exactly, we will soon be rallying to new ATHs.

Tue, 02/25/2014 - 12:21 | 4475571 Pickleton
Pickleton's picture

To be immediately followed by greater all time hacks.

Tue, 02/25/2014 - 12:31 | 4475632 fonestar
fonestar's picture

Correct.  The hacking, shady characters, disinformation and spikey-crashey thing is what makes Bitcoin investing so exciting!!

Tue, 02/25/2014 - 12:38 | 4475672 ThirdWorldDude
ThirdWorldDude's picture

#wow    It must make you feel like James Bond... a real thriller now that you've turned 18.

Tue, 02/25/2014 - 12:46 | 4475712 fonestar
fonestar's picture

fonestar's PAL is 35.  fonestar's PAL has been waiting for the cryptocurrencies since 18 though.

Tue, 02/25/2014 - 12:52 | 4475750 akak
akak's picture

I'm guessing that your pal usually takes the top position, too, since you always seem so eager to bend over.

Tue, 02/25/2014 - 13:22 | 4475954 ElvisDog
ElvisDog's picture

It's not about who is on top. It's about who provides the power. Fonestar could be a power bottom.....

(h/t "It's Always Sunny in Philadelphia")

Tue, 02/25/2014 - 14:16 | 4476390 JamesBond
JamesBond's picture

My name is James and my martini is still dry

Tue, 02/25/2014 - 12:43 | 4475704 NoDebt
NoDebt's picture

Fone- I don't know what's more entertaining.  Watching MtGox circle the drain or watching your credibility circle the drain.

Tue, 02/25/2014 - 12:46 | 4475718 fonestar
fonestar's picture

What's a crudibility?

Tue, 02/25/2014 - 12:50 | 4475737 NoDebt
NoDebt's picture


Tue, 02/25/2014 - 13:16 | 4475916 rubiconsolutions
rubiconsolutions's picture

@fonestar - Some serious questions which I'm not sure you're capable of answering: What exactly is the role of Bitcoin for the average person? It seems to me that the average person (not you of course) wishes to have a stable currency. Other than being pure speculation, how is Bitcoin going to be anything utilitarian to the average person? It has declined by 50% in value in less than 30 days. So, what would that mean for the normal, everyday working person who has to put food on the table? Doesn't that mean that if a person was conducting business using Bitcoin that their food prices doubled in less than 30 days? If that is the case, how do you see Bitcoin (or any other crypto currency for that matter) gaining wide acceptance as an alternative to the USD? Now I know that you don't care about most people because you've said as much. However, if these alternate "currencies" are to be considered serious threats to the USD monopoly then these questions must be answered. So please oh wise one, please enlighten us by answering these questions. With something other than the brilliant one liner that you are famous for.

Tue, 02/25/2014 - 13:24 | 4475978 ElvisDog
ElvisDog's picture

An equally important issue is that bitcoin becomes harder and harder to use with each passing week, because the blockchain file becomes larger and larger.  How useful is bitcoin going to be in a few years when the blockchain files are 1 Terrabyte or larger in size? So I'm going to go to Safeway and buy a gallon of milk with bitcoin and wait in the checkout line for an hour while the blockchain downloads? I don't think so.

Tue, 02/25/2014 - 13:38 | 4476098 fonestar
fonestar's picture

That's not a concern for Bitcoin.

Tue, 02/25/2014 - 14:12 | 4476355 rubiconsolutions
rubiconsolutions's picture

So what you are saying in effect is that you can't answer some very sensible questions. This exposes what most of us already know: Bitcoin will simply be a footnote in history. Either that or you are a dolt with a keyboard and a very limited vocabulary, critical thinking and communication skills. Which is it?

Tue, 02/25/2014 - 14:18 | 4476401 fonestar
fonestar's picture

No dipshit.  We've gone over this 5 million times for you morons.  Ever heard of lite clients or just truncating/hashing the blockchain itself?

Tue, 02/25/2014 - 14:29 | 4476468 rubiconsolutions
rubiconsolutions's picture

".....just truncating/hashing the blockchain itself?"

Do you ever go back read what you write? Man I'm telling you, in the end most people, like 99 out of 100 simply want to pay their rent and put food on the table. What the fuck do they know about "truncating/hashing the blockchain"? People work hard and want to be compensated for their labor without having to be an MIT graduate or have a server farm. I suspect that you can't relate to us "morons" because you are endowed with some sort of mental disorder. It's all our fault fonestar, we're just not as smart as you. Channeling Steve Martin - "Well, excuuuuuuuuuusssssseeeee me!"

Tue, 02/25/2014 - 14:33 | 4476488 fonestar
fonestar's picture

Fuck those 99 people!  Power to the 1% tekk elite!

Tue, 02/25/2014 - 14:50 | 4476589 DontGive
DontGive's picture

Have you ever considered if a normal joe knows how central banks/reserves work? Do you think they give two shits?

Tue, 02/25/2014 - 15:15 | 4476730 akak
akak's picture

The point is, they should know and care, about fiat currency AND bitcoin as well.

But the use of fiat is so ingrained in modern sheeple that they simply take it for granted.  Bitcoin, or cybercurrencies in general, being so new and unfamiliar, is not yet taken for granted.  Nor should it ever be.

Tue, 02/25/2014 - 15:19 | 4476744 fonestar
fonestar's picture

Keep buying your bullion using TPTB's Mastercard, Visa, AMEX, Discovery and telling yourself "I'm such a rebel!".

Tue, 02/25/2014 - 15:24 | 4476759 akak
akak's picture

So from your 'rebuttal' (such as it was) and your downarrowing to my post above, I can logically conclude that you DO believe that people should not only use bitcoin and cybercurrency in general, but should remain ignorant about it and take it for granted.


Tue, 02/25/2014 - 13:50 | 4476205 JustUsChickensHere
JustUsChickensHere's picture

Untrue about the block chain size. Even less true about an hour wait at a checkout.

Try using a Bitcoin 'thin client' - there are quite a few to choose from


The Android Wallet app is a perfect example of Bitcoin usage without a copy of the blockchain.

Oh ... and fight club mode On :::: stop spreading bullshit.

Tue, 02/25/2014 - 14:53 | 4476598 InspectorBird
InspectorBird's picture

Yeah, use "thin client" and trust centralized authorities... aaaand there goes your "peer to peer, distributed" hype of bicoin...

Tue, 02/25/2014 - 14:58 | 4476623 fonestar
fonestar's picture

If you like fat chicks use "fat client".  Your choice.

Tue, 02/25/2014 - 15:06 | 4476649 InspectorBird
InspectorBird's picture

No its not "your choice" if yo use smartphone etc and soon it wount be "your choice" if you use PC with huge hard-drive fast internet connection...

Tue, 02/25/2014 - 18:32 | 4477626 TheHound73
TheHound73's picture

Paraphrased: "Since verifying payment received is so, so terribly burdensome to little ol' me, I just give up and let centralized payment processors like Visa verify everything for me."

Tue, 02/25/2014 - 13:32 | 4476049 Toolshed
Toolshed's picture

"So please oh wise one, please enlighten us by answering these questions. With something other than the brilliant one liner that you are famous for."

Hold on there rubiconsolutions, that's just crazy talk!!!

Tue, 02/25/2014 - 14:19 | 4476410 rubiconsolutions
rubiconsolutions's picture

@Toolshed - my bad. I was asking a lot.

Tue, 02/25/2014 - 18:57 | 4477771 TheHound73
TheHound73's picture

Basics of Bitcoin, narrated in a fuddy-duddy British accent.

But yes, until the volatility is shaken out the ordinary joe schmoe probably has no need for Bitcoin.  Stability does not magically appear in a brand new asset in an unregulated free market.  These things take time and Bitcoin is still very much in the visionary/early adopter stage.  When each Bitcoin is eye-watering expensive, volatility in the amounts joe schmoe will be dealing with will be unnoticeable.  Maybe another year or 2.

Tue, 02/25/2014 - 13:43 | 4476140 fonestar
fonestar's picture

What your talking about is goods priced in Bitcoin, relative to dollars.  In a pure Bitcoin economy (no "dollars" involved) prices will be more stable.  Being that it is a currency with deflationary tendencies gaining market from nationalist, inflationary currencies it is going to seem volatile in the early days.  All of this should be rudimentary for people claiming to be conversant in sound money and economic theory.

Tue, 02/25/2014 - 13:46 | 4476176 akak
akak's picture

Don't you get dizzy when you spin that fast?

Tue, 02/25/2014 - 14:18 | 4476402 rubiconsolutions
rubiconsolutions's picture

Ah, I see. The "Brave New World" school of economics. Apparently in fonestar's world what is good for the people in Zimbabwe is good for the people in America and vice versa. A one world digital currency will be a panacea for the world's economic problems. Never mind that in the end it is as much a fiat currency as the USD or the Euro. But hey, I ain't an economist like Bernanke or Keynes.

Tue, 02/25/2014 - 15:18 | 4476743 SAT 800
SAT 800's picture

In a perfect world; everything would be perfect. A "solution" that fascinates adolescents of all ages throughout the ages.

Tue, 02/25/2014 - 17:44 | 4477393 chemystical
chemystical's picture

First you post, "Fuck the 99%".  Then you post, "In a pure Bitcoin economy (no "dollars" involved) prices will be more stable."

Your connundrum has been posted many times as you lose the debate with yourself.  i.e. unless you expect a very tiny economy, you'll need those 99%.  Additionally, who do you expect to pump your precious up to your wet dream 5 or 6 digit USD per btc? 

Fucking idiot.  No, wait!  NOW I see.  You sheep in wolves clothing you!  You actually hate crypto, and your posts are an effort to discredit it!  Well played.  And here we thought you were just an annoying douchebag.  Well played sir.

P.S. how many times can you say, "Big deal.  It was only a 7%, 10%, 20% loss in 24 hrs"?  Not an adherent of schadenfreude, but I'm mostly certain that I'd raise a glass if I heard you went belly up.


Tue, 02/25/2014 - 18:14 | 4477541 rubiconsolutions
rubiconsolutions's picture

+100 if I could. Perhaps the most lucid rebuttal to fonestar ever posted.

Tue, 02/25/2014 - 21:15 | 4478344 StychoKiller
StychoKiller's picture

In my estimation, Bitcoins work the same way that electronic gift cards work, only they're not tied to any single retailer.

Tue, 02/25/2014 - 14:14 | 4476380 Jonas Parker
Jonas Parker's picture

By that definition, sailing on the maiden voyage of the RMS Titanic would have been "exciting" too.

Tue, 02/25/2014 - 14:19 | 4476411 fonestar
fonestar's picture

Bitcoin is more of a Spruce Goose.

Tue, 02/25/2014 - 15:20 | 4476749 SAT 800
SAT 800's picture

You said it; I didn't. Do you actually know the history of the Spruce Goose? It achieved 5 foot operating altitude and never flew again. that's what you're aiming at?

Tue, 02/25/2014 - 15:38 | 4476821 fonestar
fonestar's picture


Tue, 02/25/2014 - 14:07 | 4476328 thamnosma
thamnosma's picture

Joey: The bitch is a booster.

Mike: The bitch is a born thief, man.

Mr. Dean: So, you had her made from the jump?

Mike: I'm tellin' ya. A ton of fuckin' bricks! Show me some REAL con-men.

Joey: Yeah, we showed her some con-men.

Mike: We showed her some DINOSAUR con-men. Some old style.

Joey: Yes, sir.

Mike: Years from now, they're gonna have to go to a museum to see a frame like this.

Joey: That's right.

Mr. Dean: Took her money and screwed her, too.

Mike: A small price to pay.

Tue, 02/25/2014 - 12:15 | 4475534 smokintoad
smokintoad's picture

NYSE, NASD, Mt Gox, Ft. Knox.  What isn't a fraud nowdays?

Tue, 02/25/2014 - 11:46 | 4475368 Colonel Klink
Colonel Klink's picture

Where's that Goxsucker Fonefart to tell us bitcoin is all the rage for safe wealth storage?

Tue, 02/25/2014 - 11:50 | 4475400 HyBrasilian
HyBrasilian's picture

How about a nice Limerick King ditty instead?

Tue, 02/25/2014 - 11:54 | 4475421 medium giraffe
medium giraffe's picture



I thought I'd invest with a twist,

Bought something that doesn't exist,

When it was gone,

I was shocked I was wrong,

Perhaps I should slit my own wrist.

Tue, 02/25/2014 - 11:56 | 4475439 HyBrasilian
HyBrasilian's picture

not bad!

Tue, 02/25/2014 - 13:44 | 4475822 bobola
bobola's picture

In Bitcoin I've placed all my trust.
Can't inflate, deflate or rust.
My kid put me at risk
On my thumb drive, ran Fdisk.
And now I've gone from boom to bust.

Tue, 02/25/2014 - 12:01 | 4475466 Indian_Goldsmith
Indian_Goldsmith's picture

You should sell me your virgin chicks,

For some of my golden sticks. 

Tue, 02/25/2014 - 12:23 | 4475590 Pickleton
Pickleton's picture

She said with a grin as she wiped of her chin, no thanks I prefer big white dicks.

Tue, 02/25/2014 - 12:45 | 4475711 RafterManFMJ
RafterManFMJ's picture

That's not even a Limerick. It's not even a highQ.

Tue, 02/25/2014 - 12:02 | 4475472 jovius
jovius's picture

It's made out of zero and one.

Why are you surprised that it's gone?

Gone into thin air,

It's simply not there.

You woke up and now you have none.



Tue, 02/25/2014 - 12:10 | 4475505 fonestar
fonestar's picture

The Bitcoins are not "gone" you fucking moron.  They were stolen and they are in someone elses wallet now.  Someone more competent than MtGox security staff.

Tue, 02/25/2014 - 12:14 | 4475528 Indian_Goldsmith
Indian_Goldsmith's picture

Hey fonestar, I know you're bankrupt now. How can you afford the internet? Sitting in mom's basement? Blew all mom's savings on bitcoin?

Tue, 02/25/2014 - 12:16 | 4475544 fonestar
fonestar's picture

How is fonestar bankrupt?  Looking to pickup some more Bitcoin today, if this isn't a bottom it's close enough for fonestar.

Tue, 02/25/2014 - 12:21 | 4475567 nonclaim
nonclaim's picture

"How is fonestar bankrupt?"

It is all fun and games until someone tries to cash out.

Tue, 02/25/2014 - 12:25 | 4475602 HyBrasilian
HyBrasilian's picture

How can you pick up more today if you don't get your allowance until Friday? Are you moonlighting as a pizza delivery boy again?

Tue, 02/25/2014 - 12:28 | 4475613 fonestar
fonestar's picture

Actually, fonestar makes an upper-middle class income.  Most of the developers in Bitcoin have skills and wealth beyond what most Zerohead posters will ever be worth.

Tue, 02/25/2014 - 12:33 | 4475640 HyBrasilian
HyBrasilian's picture

But I thought BEST BUY 'downsized' 'The Geek Squad'...

Tue, 02/25/2014 - 13:32 | 4476044 redpill
redpill's picture

Girls would talk to you if you showered more frequently and stopped referring to yourself in third person.

Tue, 02/25/2014 - 14:23 | 4476430 HyBrasilian
HyBrasilian's picture

then again... maybe NOT

Tue, 02/25/2014 - 21:18 | 4478352 StychoKiller
StychoKiller's picture

"What does Bob Dole think?  Bob Dole thinks he's an idiot."  -- Some goofy cheese commercial

Tue, 02/25/2014 - 13:34 | 4476068 ElvisDog
ElvisDog's picture

skills and wealth beyond what most Zerohead posters will ever be worth

Highly doubtful. Do you know why there is a spread on the various bitcoin exchanges? It's because real money distrusts bitcoin. If they didn't, they would arbitrage the fuck out of the out-of-line exchanges. They haven't done that because they doubt that they'll ever get their money out and won't commit real money to it. You just admitted in your previous posts - the religious advocates of bitcoin are middle class schmucks dreaming of the wealth that they will never earn themselves.

Tue, 02/25/2014 - 14:09 | 4476338 Zero Hung
Zero Hung's picture

F onestar fellatio was second nature,

O r spreading butt cheeks for bit's sabre,

N ew ways always to find,

E rections thrust hard from behind,

S odom and Gomorrah he did favor.

T rolling virtual scams to the brim,

A rse-licking was his thing,

R ighteous little cunt - the title he did hunt - and now he is appointed the king.

Tue, 02/25/2014 - 12:24 | 4475594 jovius
jovius's picture

We can argue semantics all day,

The bitcoins have still gone away.

Whether stolen or gone,

These people have none

of what they had just yesterday.


Tue, 02/25/2014 - 12:32 | 4475634 HyBrasilian
HyBrasilian's picture

Twinkle Twinkle Winkle VOSS

We're so sorry ~ for your loss...

Tue, 02/25/2014 - 12:56 | 4475779 DoChenRollingBearing
DoChenRollingBearing's picture

~ 1  


Tue, 02/25/2014 - 14:25 | 4476440 HyBrasilian
HyBrasilian's picture

@DCRB... ~~~+1

Tue, 02/25/2014 - 12:57 | 4475782 fonestar
fonestar's picture

The Winklevoss are going to be rich as shit.  Maybe fonestar buy them a beer someday?

Tue, 02/25/2014 - 13:55 | 4476244 JustUsChickensHere
JustUsChickensHere's picture

The bitcoins have NOT gone away.... their ownership has changed though :-)

Same thing for the USD, GBP, JPY etc that MtGox was holding for their customers.... the ownership of that seems to have changed too.

Robbery or fraud ... not currency failure  - quite a different issue.

Tue, 02/25/2014 - 12:48 | 4475731 RafterManFMJ
RafterManFMJ's picture

The Bitcoins are not "gone" you fucking moron.  They were stolen and they are in someone elses wallet now. 

Oh, well now that's completely different.  

Tue, 02/25/2014 - 13:04 | 4475814 tmosley
tmosley's picture

Gold can be stolen too, you know.

Tue, 02/25/2014 - 17:57 | 4477458 chemystical
chemystical's picture

"Gold can be stolen too, you know."

...but not in a matter of 1 second by an individual or group located 10,000 miles away, and not without hauling it away, and not without leaving fingerprints of one sort or another. 

P.S. the cops will actually give a shit if someone breaks into my home.

Toss up some more 60 mph fastballs.


Tue, 02/25/2014 - 13:16 | 4475912 XitSam
XitSam's picture

They likely are in someone else's wallet but not necessarily.  If I write down my key on a piece of paper and then burn it (and don't keep a copy), those crypto coins are gone forever.

Tue, 02/25/2014 - 13:24 | 4475974 Toolshed
Toolshed's picture

"Someone more competent than MtGox security staff."

So you are saying that theMtGox admin staff pulled a fast one on the MtGox security staff? I bet you 1000 btc that the MtGox security staff is every bit as tangible as the bitcoins they were "protecting".

Tue, 02/25/2014 - 12:19 | 4475562 fredquimby
fredquimby's picture

I don't keep my coins on the Gox,

Coz I is a sneaky old fox,

So when I'm done buying,

My coins are are a flying,

Quicker than if they had pox.


Tue, 02/25/2014 - 12:57 | 4475785 RafterManFMJ
RafterManFMJ's picture

Mt. Gox has put your phantom fortune on hold

The coins ephemeral can neither be bought nor sold

Your wealth is all gone-zi

In a digital Ponzi

The wise and un-cozened own gold.

Tue, 02/25/2014 - 13:21 | 4475942 Zero Hung
Zero Hung's picture

Fonestar's a funny kinda guy,

Doing bitcrack lines till sky-high,

Gave it virtually to a lady,

But lost the Mt Gox baby,

And now in mom's basement he cries.

Tue, 02/25/2014 - 11:55 | 4475432 pods
pods's picture

I don't usually lose my shirt on bitcoins, but when I do, I do it using MtGoX.


Tue, 02/25/2014 - 11:59 | 4475452 HyBrasilian
HyBrasilian's picture

He should be pouring all his [alleged], tax evaded profits into the TESLA BATTERY FACTORY [so that when the grid goes down ~ he can still trade Mighty Morphin Power Rangers with Winklevoss]...

Tue, 02/25/2014 - 12:04 | 4475489 unrulian
unrulian's picture

I might not be the most interesting man in the world but I'm perfectly happy with my 40% spillage on Dos AGquis

Tue, 02/25/2014 - 14:07 | 4476327 fonestar
fonestar's picture

Nothing happened to Bitcoin you fucking reject.

Tue, 02/25/2014 - 20:09 | 4478086 813kml
813kml's picture

How does that old saying go?  Ahhh yes, "A fool and his bytes are soon parted."

Tue, 02/25/2014 - 17:06 | 4477224 I_KNOCKOUT_U
I_KNOCKOUT_U's picture


Tue, 02/25/2014 - 12:08 | 4475499 fonestar
fonestar's picture

No Bitcoins were harmed during the most recent goxing.  Smart traders haven't been there in a year or so.

Tue, 02/25/2014 - 12:12 | 4475515 HyBrasilian
HyBrasilian's picture

What are the 'smart traders' doing these days in the CABBAGE PATCH KIDS markets? [I haven't been keeping up with that lately]...

Tue, 02/25/2014 - 12:28 | 4475616 Herd Redirectio...
Herd Redirection Committee's picture

A year or so?  Most bitcoin holders hadn't heard of bitcoin more than 5 months ago!  And at that point Mt Gox was still widely acclaimed top dog!

Tue, 02/25/2014 - 12:34 | 4475646 fonestar
fonestar's picture

Um, no.  That's bullshit.

Tue, 02/25/2014 - 12:19 | 4475561 XenoFrog
XenoFrog's picture

This is the sympathy you get from the bitcoin true-believer when more victims are created by the bitcoin scam. 

Tue, 02/25/2014 - 12:23 | 4475585 fonestar
fonestar's picture

Precisely.  You get no sympathy from fellow Bitcoiners at all when you get hacked or lose all your money.  The people who robbed you are congratulated instead for their skill.  Bitcoin is kill or be killed investing.

Tue, 02/25/2014 - 12:26 | 4475608 mayhem_korner
mayhem_korner's picture



Maybe Target should start accepting Bitcoins.  Sort of a doubling down on disreality.

Tue, 02/25/2014 - 12:48 | 4475730 NoDebt
NoDebt's picture

Thanks, Fone.  That's really going to add a lot of credibility and trust to the digital currency world.

Could somebody copy that post for future reference?  I want to play that little tirade back to Fonestar for as long as he chooses to keep polluting ZH with his drivel.

Tue, 02/25/2014 - 12:54 | 4475766 fonestar
fonestar's picture

Why do we need your approval?  Who asked you?  Are you someone important?  Am I selling you something?

Leave Bitcoin to the hackers, crackers and phreakers and fuck off.

Tue, 02/25/2014 - 12:57 | 4475783 akak
akak's picture


Leave Bitcoin to the hackers, crackers and phreakers and fuck off.

I see your fonestardation is now going terminal.

But I thought that shitcoin was going to sweep the world and be "the wave of the future"?  Now you're finally admitting that it really is only the domain of the cyberpunks.  Which is it?

Tue, 02/25/2014 - 13:14 | 4475903 medium giraffe
medium giraffe's picture

I thought that was odd too.  Crackers and phreakers? So cryptocoin should only be used by criminals? (and only the cool ones with names like Acid Burn and Zero Cool).

Tue, 02/25/2014 - 13:48 | 4476187 fonestar
fonestar's picture

Sick of waiting for the slow adopters.  We need the future now.  If you don't stay current you deserve to die off.

Tue, 02/25/2014 - 14:01 | 4476288 akak
akak's picture

Your future is my nightmare.

Tue, 02/25/2014 - 14:15 | 4476377 medium giraffe
medium giraffe's picture

If you are as tech savvy as you like to portray, you would know the golden rule about early adoption.  Truth is, you probably don't know your bar from your foo.

Tue, 02/25/2014 - 14:30 | 4476472 fonestar
fonestar's picture

You can take that bar && | foo it up your @55

Tue, 02/25/2014 - 14:46 | 4476572 medium giraffe
medium giraffe's picture

I see you've retaliated with your rapier like wit.  Surely I will bleed to death...

Tue, 02/25/2014 - 14:59 | 4476626 TPTB_r_TBTF
TPTB_r_TBTF's picture

come on, Phoney deserves a plus for that one!

Tue, 02/25/2014 - 13:18 | 4475932 Toolshed
Toolshed's picture

"Bitcoin is thieve or be thieved investing."


Wasn't one of the highly lauded benefits of btc the fact that it took transactions out of the hands of those thieving banksters? Looks like the best example of "out of the frying pan and into the fire" I have seen in some time.

Tue, 02/25/2014 - 13:46 | 4476173 fonestar
fonestar's picture

Because Bitcoin removes the power from bankers doesn't mean that cunning hackers still cannot steal Bitcoins.  To the best of fonestar's knowledge nobody was claiming otherwise.

Tue, 02/25/2014 - 14:20 | 4476418 Jonas Parker
Jonas Parker's picture

Too bad Bernie Madoff missed out on Bitcoin. He could have really done wonders for his clients' wealth...

Tue, 02/25/2014 - 15:02 | 4476641 fonestar
fonestar's picture

There will be lots of Madoffs in the Bitcoinosphere.  Madoff, Mad off.. Made Off.... yes!  Made Off with those suckers Bitcoins!

Tue, 02/25/2014 - 13:53 | 4476227 JustUsChickensHere
JustUsChickensHere's picture

BitCoins (or Gold, or Silver) held tightly in your own posession are a pretty safe storage of wealth.

BUT... give them to someone to take care of (MtGox?  a Cyprus bank?) and not so safe...

Tue, 02/25/2014 - 15:22 | 4476756 SAT 800
SAT 800's picture

Thinking about manufacturing some 99% Sterling Silver coins that say "bitcoin" on them; for a joke.

Tue, 02/25/2014 - 11:46 | 4475369 jovius
jovius's picture

Although I'm not a fan of the 'First' comment syndrome prevalent on internet boards, I'm posting first purely to beat Fonestar to it on a Bitcoin thread.


Yes, I am that petty. 


ETA.  And not even first.  Goddamn you fuckers are quick!

Tue, 02/25/2014 - 11:53 | 4475419 gmrpeabody
gmrpeabody's picture

Just taking time to think about it cost you first place...

Tue, 02/25/2014 - 11:56 | 4475441 Divided States ...
Divided States of America's picture

Dont worry....after FOUR years on this will learn to master this.

Tue, 02/25/2014 - 12:30 | 4475627 Herd Redirectio...
Herd Redirection Committee's picture

Usually the author of the article (anonymous though he may be) gets the first comment.  Or one of the first replies.  Watch for it.

Tue, 02/25/2014 - 12:13 | 4475521 Colonel Klink
Colonel Klink's picture

Second poster is first loser!  ;)

Tue, 02/25/2014 - 12:24 | 4475592 fonestar
fonestar's picture

fonestar is a phone loser PLA.

Tue, 02/25/2014 - 13:37 | 4476090 TPTB_r_TBTF
TPTB_r_TBTF's picture

weren't you a PAL a couple days ago?


Oh? maybe both?

"programmabe logic array"


Your inventors need to work on the "logic" part.

Tue, 02/25/2014 - 13:55 | 4476236 fonestar
fonestar's picture

fonestar is managed by PAL.

fonestar is pro-PLA (Phone Losers of America).

Tue, 02/25/2014 - 14:00 | 4476277 akak
akak's picture

Radishes angrily circumvent the wax tadpole.

Tue, 02/25/2014 - 11:46 | 4475373 mayhem_korner
mayhem_korner's picture



I box in yellow Gox box socks.

(its weak, but it's all I got)

Tue, 02/25/2014 - 11:47 | 4475380 Theta_Burn
Theta_Burn's picture

Its like a 1000 virtual mining operations cried out....and nobody heard a thing

Tue, 02/25/2014 - 12:36 | 4475656 TPTB_r_TBTF
TPTB_r_TBTF's picture

On German TV yesterday was a report:  Mining Rigs for Winter Heating


One guy is adding dozens of mining rigs to his house. Not so much because of the coins themselves, ...

but ... his idea is, ... to use the mining rigs to heat his house in the Winter.

The rigs are pooled so only a small part of any profits from coins would go to the house owner.  However, all of the heat goes to the house owner!


He is not the only Hermann to consider doing this:


(Btw, he pulls the equivalent of 10 households worth of electricity...)

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