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Mt.Gox "Finds" Nearly Quarter Of Bitcoins It Had Said Was Missing
The latest news out of insolvent Bitcoin exchange Mt.Gox will hardly boost confidence in the safety of the digital currency, after last night it announced that it had "found" nearly a quarter, or 199,999.99 of the bitcoin it had previously reported as missing. Mt.Gox Chief Executive Mark Karpeles said his insolvent company found the 200,000 bitcoin assumed lost in a digital wallet, or storage file, that hadn't been used since 2011. As a reminder, when Mt.Gox filed for bankruptcy at the end of February, it reported 850,000 bitcoins were lost, mostly belonging to its customers, with Karpeles stating at the time only 2,000 bitcoin were left, blaming hackers and technical issues for the loss. It turns out there may have been more than met the eye, and one can surely accuse Karpeles of a completely lack of knowing what was truly going on at his company.
As WSJ reports, following the announcement, "some users investigated the possibility that some coins were still inside Mt. Gox, once the dominant exchange for the virtual currency. Bitcoin transactions are tracked via an online ledger, leading many users to hope that at least some bitcoins could be tracked down and recovered."
Mr. Karpeles said in the announcement, released Thursday, that the exchange was continuing to investigate the scope of the loss, raising the specter that bitcoin that had been assumed to be stolen could be hiding out in other accounts or files the exchange had lost track of.
"We believed there were no bitcoins left in old wallets, but found 199,999.99 bitcoins on March 7," Mr. Karpeles said in the Thursday announcement. Mt. Gox said it reported the discovery of the bitcoin to its lawyers on March 8 and moved the discovered bitcoin to offline storage between March 14 and 15.
Mt. Gox didn't specify whether the found bitcoin were those of customers or bitcoin owned by the exchange itself.
One wonders just where said "wallet" was located: hopefully not in Mark's back pocket, whose recent actions and disclosures certainly leave the door open for a criminal embezzlement investigation. At least the hopes of naive users of the exchange have raised that some of their lost funds will be uncovered.
"It doesn't make me any more hopeful about more bitcoins being found, but I do think it increases the amount of money I'll get back," said Kolin Burges, an investor who had protested outside Mt. Gox's Tokyo offices in the weeks leading up to the exchange's collapse.
"I'm more hopeful than before that we will get at least some money back from Mt. Gox," said Tetsuyuki Ooishi, a fellow at the Japan Digital Money Association. Still, he expressed disbelief that the company hadn't realized earlier it still that amount of bitcoin. "They must have checked all the bitcoin wallets when they were filing for bankruptcy protection and 200,000 is just such a big amount."
Shigeichiro Yamasaki, a professor of information security at Kinki University in Osaka, also called the announcement "puzzling" and said the announcement was telling how Mt. Gox was "very sloppy about managing others' assets."
The company couldn't be reached for further explanation.
Alas, when it comes to recoveries for end users, we wouldn't hold our breath, considering the contractual claims that would have be satisfied first before any customers get recoveries. This is especially true if the most recent bout of bitcoin selling, which pushed the currency to its lowest level since early March accelerates. In that case even if a few more wallets are mysteriously uncovered, it would be cold comfort to users who bought at far higher prices only to ultimately get a "currency" worth substantially less.
In the meantime, Mt.Gox has updated its login screen for users who wish to check their balances. But why, we wonder, when all one has to do is ask the NSA just where all the "coins" have ended up.
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Greenspan to Bloomberg TV: I guess Bitcoin is a bubble
http://hedge.ly/18iZ3rI
well, if there's one thing greenspan knows a lot about, it's bubbles.
It's MAGIC... Now You See Coin, Now You Don't...
RUN... From This BS Virtual Harddrive Lunacy...
Fuck you!
WE LOVE BITCOINS!!
Nice invisible store of value you got there.
"The latest news out of insolvent Bitcoin exchange Mt.Gox will hardly boost confidence in the safety of the digital currency"
FUCK YOU TYLER.
You know god damn well that the exchange is not the currency and that the currency is not the exchange.
ZH will be running MtGox stories in 2027.... "Memories of the Goxing, How it Really Happened"....
There are many articles and blogs out there covering how incompetent Mark Karpeles was. With statements like "the code was a complete mess" and "Mark had us fly in on Friday from California for an emergency code rewrite then took Saturday off" and "Mark was more interested in his bitcoin/coffee bar in the lobby of our office building than anything else"
Bitstamp also just did a 3rd party audit of it's complete wallet and bank accounts. the real players are showing they mean business.
http://www.coindesk.com/bitstamp-audit-proves-behind-147m-mystery-bitcoi...
Yeah and now they're out of business. If it was a traditional bank, exchange, whatever maybe the taxpayer should backstop it with millions of "dollars" and countless jobs lost.
Supply increase, watch price fall.
Hackers fiddle, diddle and parse
exchange security, proven to be farce
to keep bitcoin alive
on your precious thumbdrive
fonestar, shove it up your arse
The hackers are building a parallel, functioning economy as you wimps and pussies hide out waiting for COMEX to fail.
There will never be a "parallel, functioning economy" while you, as all BC promoters, still measure your 'bitcoin success' in terms of USD.
'Hackers' are building nothing. The 'virtual coin' economy might take off when we see 'BarclayCoin' or 'HSBCoin'. BitCoin is a test bed for that, nothing more. If you get out while the going is good then you may make some 'real' money but a lot of people are going to get hit on the collapse.
The problem with Bitcoin is that anyone, with USD backing, can create their own version. At that point BC will collapse.
'Wimps and pussies' is pretty much anyone that gets in late and still believes in the scam right up to the point of collapse. You take them for all they are worth eg MtGox and leave with actual USD
BitCoin is a scam. A repeatable scam. 'fonestar' is a 'snake oil' vendor looking to get out with your USD.
Hackers - fiddled every damn thing in existence related to computers. Sounds like you aren't a big fan of human tech progression. Go live in a cave, bitch.
Yet another Bitcoin blunder. I'm not surprised. I have been investigating the Bitcoin fraud and we have been quite successful in finding out information of interest. Our findings are located here: http://flexcoin.info/
good one.
@tmosley: I'm 100% with you - this nonsensical bashing is really befuddling - there are lots of interesting discussions to be held about bitcoin but none are happening here, which is a shame.
Ah godzilla you got it! That's why they send in people like phoney ponee, they're quite argumetative, spiteful and generally verbose. Similar to the false left right paradigm that keeps the sheeple infighting and distracted so as to keep the spotlight off of the real trouble makers ;^) I believe the Rolling Stones said it best! " what's confusing you is the nature of my game".
Kinki University?
They steal all of our best ideas.
Oxygen is invisible therefore it has no value you dumb shit.
read em' and weep, you turd molesting rim jobbing asshole.
http://srsroccoreport.com/bitcoin-the-perfect-scam-price-does-not-reflec...
Why would fonestar read anything?
BOT's dont read!
we scan.
Your illiteracy will cost you, unless you are one of the scammers pumping this con job.
http://www.marketoracle.co.uk/Article44588.html
http://www.wallstreetdaily.com/2013/05/20/investing-in-bitcoins/
http://news.yahoo.com/bitcoin-exchanges-just-nigerian-scam-emails-gullib...
http://monetaryrealism.com/bitcoin-is-a-scam/
https://bitcointalk.org/index.php?topic=83794.0
Thanks for all the links fonestar will not read or visit.
Those articles are all garbage. The last one is just a compilation.
Here's what you are completely missing. The fact that as more of this happens, the better it is overall.
-The more this happens, the more Joe Dinglebarry will think twice, living in his mommas basement thinking he can code up an exchange. We suspect there will be someone getting seriously injured or suicided, which will curtail dumb asses getting into an exchange business.
-The best hackers in the world have came out to play on this landscape, which means large problems that are in this market will have many minds put to use. The banksters would wet themselves if they could evolve as quick.
-You could say the same about the fiat ponzi.
Here's a list you really want to look at: http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)
You don't scan, you SCAM. Fixed it for you.
The only scammers here are you turncoat, "dollar"-pumping, debit machine using, credit-creating, Visa-vouchsafing, Fed-fondling morons!
"Goldline scams money from people therefore all precious metals are a scam."
Nearly every argument you retards come up with against bitcoin can be applied to gold. You don't understand either, so you will lose everything in the end.
BTC is meant to replace gold and/or cash. It just doesn't do a very good job at it.
You are AFRAID that it will replace gold. That fear is misplaced and is causing you to lash out in defense of the current system.
Stop that shit.
Sorry, but a necklace of Bitcoins ain't gonna impress the missus, nor will Bitcoins conduct electrons inside an integrated circuit. Bitcoins could be an adequate subsitute for currency, they just make an abyssmal store of value.
don't need no stinkin' interwebs to transact Au
electricity much?
When you flee from your EMP-destroyed homeland, your bitcoins will be waiting for you when you get where-ever you are going.
Your gold may be stolen from you at the border, or you might get it through if you are lucky.
Bitcoin is better for moving wealth across borders.
I once had a gf that was saved by a few gold coins,, got her on a boat out of VN and got her family released from the thai pirates that boarded their boat... a memory stick and pleading that it contains your "virtual currency" doesn't work in that situation.
Steve @SRS normally does great work, but that article is not his, it's a repost of someone else's "work"...and it's a shit article, relying more on typeface CHANGES!!! for it's arguments rather than facts.
"Nice imaginary store of value you got there"
Fixed it. Goes along with his imaginary brains.
Fonestar! Yer a fuckin' hero mon! We knew it was you all along...
That and drooling.
According to the Mt.Gox CEO, "The damn paper wallet was in the back pocket of the pair of jeans that I just picked up from the dry cleaner!"
Orange bitcoins?
Be sure to check for dingleberries...
It does hardly have any impact on _Bitcoin_ if MtGox "find" or does not "find" any missing BTC. Or does Tyler mean that it would "hardly boost the safety" in Gold if someone found a ship wreck full of bullion? Strange thinking there.
You should consider securing the domain "torturedanalogy.com"
Yes, correct. This has no effect upon the general cryptosphere at all. The people who doubted Bitcoin weren't going to buy any anyways and will just use this as some sort of chicken little validation of their stupidity. They all deserve to be lined up and shot.
You sound as kooky as that PHdee professor who's calling for all climate change deniers to be arrested and imprisoned.
The real reason you dipshits hate Bitcoin is because you see it is the beginning of the end of government controlled money. fonestar doesn't give two fucks if .gov says money is "backed" by tungsten or not. If you want .gov involved in money you are the enemy.
Do you want .gov money Col?
Right. All us ZH'ers, even the libs like me, are soooo pro-.gov. I wear "Support Your local NSA" bumper stickers on my fishing cap.
You might be a leetle out to lunch.
If you support .gov money you are the enemy. It is that simple!
When you decry bitcoin, which is THE substitute for dollar based financial transactions, you literally are shilling for the Fed.
Gold is for saving, silver is for speculating, and bitcoin is for transacting. Nothing else will kill the dollar. If you only follow a part of that equation, you only wound it. The goal here is DEATH for the dollar.
The bitcoin exchanges have been busy distancing themselves from MTGox as if they are something different, more trustworthy, when the truth is they are the SAME – NO DIFFERENT!
In fact you are all being duped for they are not really exchanges at all! They are NOT akin to the stock exchange or commodities exchange but just websites that some techies set up that may have started out honest but greed will get the better of them just as it did with MTGox because as MTGox illustrated the prices being quoted are meaningless, there is no volume!
Unregulated Bitcoin exchanges are the natural consequence of the crypto currency scams for their primary purpose is to entice new entrants to buy bitcoins that the exchanges say they hold. How do they achieve this ? They do it by producing fancy trading graphs that show the price of bitcoins as rising and being high which encourages the fools to send the exchanges their hard earned money that they will never see again!
This is what the exchanges do, they get fools to send them money for bitcoins that allegedly NEVER existed, this is why when MTGox went bust it stated that some 800,000 bitcoins disappeared when the truth is that they probably never existed!
It is as I warned several months ago a PONZI SCAM! The exchanges pay out those selling / transferring their bitcoins out with money from new investors as long as new investors are greater than those exiting the ponzi scam continues.
The bitcoin exchanges make it very easy to BUY bitcoins with them but make it near impossible to withdraw, transfer out, as their primary purpose is to suck as many investors into their vortex as possible.
You don't have to keep your bitcoins in exchange wallets, you know.
I move mine out the same day I buy them. I don't even leave a fraction of a bitcoin on there.
You can also buy bitcoins from individuals using sites like localbitcoins.com
Yes, on both counts.
And if you meet at Starbucks (tradition!) to do the BTC deal, you get a lot of privacy too. I have twice bought BTC from a local that I met via localbitcoins.com.
If anything it is the start of fully controlled government mandated money with the governement being able to track exactly who has every unit of currency. You are seriously kidding yourself if you think governments are just going to sit by and let Bitcoiners skirt the tax regulations and bypass currency controls and take over the currency markets without them.
Currently all the Bitcoins in existence are worth about $700 million. With max coins eventually maybe $2 billion. Not big enough for them to be too involved at this point. Get it up to a couple billion though and they will really start to pay attention and will start digging through transactions of which they probably have copies of all.
20 years from now Fonestar will still be posting about how our future was ruined because Bitcoin got squashed.
There are over 12 million coins out there:
https://blockchain.info/charts/total-bitcoins
At ~$570 USD a piece:
http://btckan.com/price
Which puts it at around $6.84 Billion USD right now for total value.
A neanderthal like yourself, who denies climate change and doubts the mystical powers bitcoins, clearly needs to be locked up for the protection of society. You are to report to fema camp six citizen and check in. Your cot will be waiting. Resistance is futile.
Have a nice day.
Sincerely,
Your NSA overlords.
As I started to read the first line I was thinking "fuck you Dr.", until I realized it was satire by the end. Well played! You got me. +1
Thanks. I started to change it thinking you might take it the wrong way, but knowing we see eye to eye on many topics I figured I was safe.
Did you forget how strongly governments, central banks, and the TBTF banks have come out against bitcoin?
But I guess you just fucking LOVE transacting in dollars so fucking much. God, it must just give you a big ol hard on to give 3% of every online transaction you make to Jamie Fucking Dimon.
What are you talking about? Gov'ts have let it be, and the MSM pushed it to the moon, back in October 2013.
http://online.wsj.com/news/articles/SB1000142405270230349780457923945129...
http://newsbtc.com/2014/03/19/central-bank-cyprus-warns-bitcoin-risks/ (lol)
http://blogs.wsj.com/moneybeat/2014/02/11/j-p-morgan-weighs-in-on-bitcoin/
People deserve to be shot because they doubt your bullshit theories? You are entitled to your own personal fantasy world, but kindly avoid passing out bullets and lead poisoning becuase they rest of us don't share your little world. Who knows? In this crowd, there might be some who would shoot back...
Bitcoin is an infant idea, and as subject to infanticide as a newborn in Syria.
There are plenty of us who "shoot back" and from much further away....
The remaining he will find in the cushions of his sofa.
Arrowed up cuz ya beat me to it...and it's funny. ;)
Setting up for the Jon Corzine defense. "It was a very turbulent time. Some things just went poof that shouldn't have gone poof. I have no idea where the money is. See y'all later."
Free Corz...oh shit, he never did get prosecuted, did he? I hope Mt. Gox has some low friends in high places also, or they may end up being Bubba's bitch in the prison block.
they lost their shitcoins because of the weather
was their a hard drive recovered?
look in the black box.
Actually an old Japanese mamasan found them in a paper bag in the back of a Taxi and turned them in...
They were in their OTHER computer.
Have you been doing Kabuki again, WB?
People have been digging on the blockchain since this nonsense started, and it was clear Karpeles was full of shit on the original claim of the all the coins being stolen (there's been no evidence of this.) Speculation remains that they had lost the private key, it was outright theft, or there's some government intervention that's not being disclosed, and once a transaction happened with the 200K coin block, the lost key issues was out the window.
In any case, the world will be a better place without Gox and Karpeles in the mix.
Queue the passing seconds before the endless drivel starts spewing forth from Bonestar's keyboard.
3...2...1...
fonestar is with you (and also with you).
Aaaaaand there he is! That train's never late. (Chris Rock)
Satoshi led fonestar from copper hoarding doomer into a virtual paragon of crypto wonder. Now the cryptose runneth over from his very mind and out his ears.
One can only hope you catch some copper coated lead and save us all the irritation of your continued diatribe.
Loading some 55 gr FMJ .223 as we speak.
They came to snuff the fonestar. He ain't gonna die.
Well if you weren't stuffing yourself with Max yesterday you missed the boat.
Oh, the crypto boat has not left harbour yet. Even at $10,000 BTC it will still be the early days because relative to .gov fiat, BTC will still be tiny. Bitcoin will need to go into the millions.
And every bitcoin will have it's own desiginated data center to track the block chain which will have grown exponentially. And oil will be $10,000 a barrel due to the increased energy demand needed to run Bitcoin block chains.
Smells mighty funny for cryptose...you sure that ain't something else running out of your ears/mouth/nose/etc.?
nothing but houdini money, now you see it now you don't!
Corzini! Houdini never made money disappear.
"Honey, did you look in the nightstand ?"
Lol.. Yeah riiiight, and I "found" the steak and potato I ate last night in the toilet bowl this morning.
And both have as much use in my book since they seem to be able to be flushed with impunity.
"The safety of digital currency" was not so good a choice of words. The trust in people to hold currency on your behalf would have been more appropiate. Bitcoin is the safest currency in the world today and it is your responsibility to protect your money. If you give it to others that is your problem.
If you prefer a bank or your government to protect you from your own stupidity then you deserve what you get in that case too.
Well, I agree that safe currency is not what one has in a bank or bonds, but the definitions of currency are very broad after that. So-called cryptocurrency is a morph, another form - untried, still subject to the laws of human behaviour, in its infancy etc etc etc. Don't assume its any safer than the food in your locker, or alcohol, tobacco and ammunition, which have been safe 'currencies' for thousands of years. My business ain't taking bitcoin for shit, and this episode with Mt. Gox is just one example of why.
Thats great! And Autumn Radtke isn't dead anymore, right? Right?
Thats great! And Autumn Radtke isn't dead anymore, right? Right?
What the fuck does that have to do with anything?
Not that I care that much, but the bankruptcy of Mt Gox makes me wonder about the reliability and safety of the whole Bitcoin system in much the same way that the bankruptcy of say, JPM or CITI (if they were actually subject to that risk) would make me question the reliability and safety of the US banking system.
Bitcoin advocates - surely you can see why the collapse of a major exchange might raise doubts in peoples' minds?
No, not really. Many Bitcoins are being lost and disappeared forever. It just makes the remaining coins more valuable.
valuable in terms of.......FIAT?
Reflect on that for a second
The Bitcoin network is valuable because of the people and nodes using Bitcoin. It will have value in terms of fiat, gold, soy beans, rice, copper, whatever.
While mine was a small transaction, I did buy a 0.25 oz American Eagle with Bitcoin not long ago.
Who knows what the future holds (don´t ask me, my prediction is poor), but the only real purchase I have made with BTC worked just fine.
Now, how much BTC do I hold vs. how much do I but with my +/- 2.2 BTC left...?
If you own 2.2 BTC DoChen, you are sitting on a huge amount of satoshi! Stick with it, we are in it to win it!
Hold them all and buy more. Fonestar says your 2.2 bitcoins will one day be worth $2.2 million.
Valuable in terms of purchasing power. Some people in the bitcoin community are living exclusively on bitcoin. They receive their salaries in bitcoin and pay for the things they need with bitcoin.
Fonestar, your statement is interesting. I used to sell gift cards by the gazillions and one thing I learned is that some people redeem it all - and then spend more money at your establishment, most people do not redeem most of their giftcard, some redeem none because they never use it or lose it or never come back for whatever reason. All three scenarios translate into money for the business.
So what happens when someone loses a bitcoin? Who exactly is gaining?
The holders of the remaing, usable Bitcoins gain (as they rightly should).
Fone, I'm still trying to understand bitcoin (I have yet to see a clear, concise explanation of this whole currency) - if losing some makes the others valuable, then there is a finite limit on these things, correct? How could everyone use them without flooding the market and ruining the value?
There's a lot of great explanations on Youtube and bitcoin.org. Yes, Bitcoin is limited to 21 million coins and each coin can be broken down into 100,000,000 "satoshi". You cannot flood the market with them because they are limited and the whole network would need to agree to increasing the total number of coins.
I also don't get it. Is there like a list of lost bitcoins? Or is the price increase from scarcity supposed to result just from a bidding war on known bitcoins?
So, it there was JUST ONE BITCOIN, it would be worth a fortune?
Then it pays to go around snuffing out all other existing bitcoins?
Get CAA on the line, my script is just about ready to go!
Is there a list of lost dollar bills? Why would there be a list of lost Bitcoins? Plus Bitcoins are never really "lost", just the user or the private keys used to spend them are lost.
Fone, bear with me here...
If I have 1 bitcoin and/or the private key to spend it, then I have the key and no one else does, correct? Because if I lose the key, the coin is dead. If I am not the only one holding the key, then I am at huge risk of the other guy(s) getting the key hacked/stolen and I lose my bitcoin.
At least with a dollar or gold, I have it in my hand though I will give you the argument that if I have most of my dollars in a bank and all the banks go under, I lose all my dollars. And if I have my gold in a vault, it's up to whoever holding the gold not to take it from me. But in some sense, that's regulated where I can say to a central authority "He took my dollars or gold" and I may get some/most back. Where with bitcoin, if someone else is holding the key and they get hacked, I have no recourse. I'm SOL. Am I seeing this right?
f I have 1 bitcoin and/or the private key to spend it, then I have the key and no one else does, correct? Because if I lose the key, the coin is dead. If I am not the only one holding the key, then I am at huge risk of the other guy(s) getting the key hacked/stolen and I lose my bitcoin.
There is no way for someone to "hack" your private key (well they could dump your keyboard and cp your wallet.dat) you would pretty much have to give it to them. So no, supposing you take regular precautions there is not much danger. But once they are spent, they are spent.
Losing coins is deflationary -- it increases the purchasing power of the remaining coins in circulation.
If that was the case all the Gold that has been lost at sea by the posters here, should result in a lasting upwards correction.
It is ironic: given the number of vocal people who were in Bitcoin b/c they were convinced the fractional reserve banking system would collapse + hand them their asses.
Does anyone REALLY believe he just FOUND that much bitcoin laying around in an unused digital wallet?
Someone needs to look into this and run the numbers. How is it profitable for this guy to declare a hack that 'wipes him out', then declare bankruptcy, then voila! Bitcoin found in wallet! Did he cleverly remove too much outstanding debt from his life and get a fresh start or is something else going on here? Because if I were a creditor, I'd be screaming that bankruptcy or no, he owes me whatever is outstanding now that he has bitcoins again to sell. And I'd haul him right back into bankruptcy court and demand it declared null and void. Or am I totally missing something here?
oh...so they were old bitcoins when bitcoins were worth basically nothing. So once they became "valuable" he stole them and blamed it on "hackers". But now that he's facing life in prison he magically found them.
I see...
Yep, the coins went missing, bankruptcy was declared, and now that investigators have popped up, and computers have been taken as evidence, voila, hey, I uhhhh... Found... 200,000 lost Bitcoin!
And the lawyers found out the next day. LOL. I am pretty sure I would have been talking to a lawyer like 10 minutes after 'finding' these bitcoins, and taken them offline ASAP as well. Scam-tacular.
There is no such thing as being back by nothing. Even nothing is something. Just like the band vulfpeck who produced a musical album of complete silience and recommends that their fans place this on repeat all night long while you sleep, which makes them a cool $4.00/night. Its clever, a little too clever. This is all just an exercise in group think.
Good points, recently physicists discovered even solar neutrinos have a certain, extremely small amount of mass.
I wonder what that album sounds like on vinyl....
I'm sorry, what?
This announcement has nothing to do with the safety of the digital currency and everything to do with the continued glaring incompetance of one company. Fucking strawman argument.
Hey I heard GM went bankrupt, I guess that proved automobiles must be inherently unsafe.
SELL YOUR CARS NOW!!!
Hey fuckstar
You seem to advocate bit coin as a nirvana for the chosen few limp haired hackers who are vastly superior to the rest of us....
Best of luck to ye,but what will you buy prey tell?
Will you sell each other FarmVille animals and power ups for donkey cong whilst jerking off to Lara croft videos.
Enjoy the virtual future dipshit,but what you gonna eat?
And can you buy a toilet to shit yourself on with bitcoin?
Like I said to you in the past ,best of luck with it all but I suspect you are a speculator who spent too much of his moms savings at too high a price and is desperate to pump and dump.
Maybe I'm wrong but fuck you anyway.....
Resurect-Coin
;-)
What a crook. Throw this Karpeles in jail, take everything he owns stole and give it to the customers who lost their money. Crook.
redd-green, how can you be mad at this guy? He is doing EXACTLY what he watched our leadership in banking, politics, corporations, media, and entertainment do! He must have a poster of Corzine over his bed and when he wakes up in the morning, he's inspired!
There's one thing you can say about this guy: he learned quick!
I loves it.
I've got 200,000 bitcoins ... in my pants!
Try that with krugerrands.
Avoid hot baths and saunas, they lower your bitcoin count.
Obviously stuck the bitcoins in with the vacation photos from Disney World.
Could happen to anyone.
The bitcoin scam is slowly unraveling. People are starting to wake up and realize it has absolutely no intrinsic value and the exchange price is 100% speculation.
At least with paper, you can use it to wipe your ass. What can you do with btc besides pass it on to the next sucker.
You can turn it into precious metals by mining + selling it on a regular basis.
Score 1 for “That fat fuck has been lying!!” http://siliconangle.com/blog/2014/03/10/hackers-claim-mtgox-still-has-ac...
Never trust a CEO who sits on a bouncy ball while giving interviews.
http://thegenesisblock.com/an-analysis-of-the-interview-with-mark-karpel...
Another plus for gold. Gold does not fit trhough a phone line.