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[The Verge] Bitcoin exchange Mt. Gox files for bankruptcy protection with $64 million in liabilities - Page 2

post #11 of 31
If they have not gotten rid of those coins what does that mean?

Let's say another 2 exchanges do this? How does difficulty account for 100s of thousands of coins that are not in circulation, BTC difficulty is so insanely out of control that its unthinkable that it could actually go low.

I feel so bad for the little people that lost money, I don't care for the rich people that were just trying to get richer. Still this makes me not trust exchanges and this makes me wish all trading was peer 2 peer only... Something like EBay where they host your post but they don't actually sell your item.
    
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post #12 of 31
Quote:
Originally Posted by Slomo4shO View Post

So over 4% of the total Bitcoin are missing? Promising...
"missing" if you know what I mean...
post #13 of 31
Quote:
Originally Posted by maarten12100 View Post

Quote:
Originally Posted by Slomo4shO View Post

So over 4% of the total Bitcoin are missing? Promising...
"missing" if you know what I mean...

My guess is that they are not missing at all...they either have been stolen and sold on other exchanges or else the people behind the servers at Mt. Gox sold them on other exchanges. No matter what, if the hash codes are gone then that means they are still in "circulation"...though some one could be sitting on them too.
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post #14 of 31
Quote:
Originally Posted by Exidous View Post

Absolutely incredible that they "lost' 850,000 bitcoins. They literally robbed people of $375M. The biggest scam in history. And will probably be for a very long time.

Quote:
Originally Posted by phill1978 View Post

fixed

Pretty sure the fractional reserve ponzi scheme is the biggest.
post #15 of 31
Quote:
Originally Posted by maarten12100 View Post

Yeah they are even worse than me playing Thief.
(first mission I knocked the woman in the chair unconsious which is just a agressive playstyle nothing more but then I had to hide the body and I threw her out of the windows 3 stories high.)

Its cool, remember Garrett doesn't kill people... I'm sure she landed on something soft.
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post #16 of 31
Sigh... this is what happens when everyone "accepts" Bitcoin when in reality they just want to cash out as quickly as possible. People actually need to hold on to Bitcoins and treat them like currency. But hey, we all want something "tangible."
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post #17 of 31
I'm sorry. You made your own currency based off of NOTHING. You should NOT be allowed to claim bankrupcy of any sort. If you invested time/money/effort in bitcoins you should lose. Just like any other investment.
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post #18 of 31
People have traced mtgox wallet and have already found 90k BTC in mtgox wallets, so either they are lying about their assets, or they literally lost their private keys. There is also a 500K BTC address that shows it split down into many wallets containing around 1000 BTC each.
https://blockchain.info/address/1P3S1grZYmcqYDuaEDVDYobJ5Fx85E9fE9
https://blockchain.info/address/1cXNTyXj4xPGopfYZNY5xfSM1EPJJvBZV
post #19 of 31
Wait wait... are saying - I mean TELLING ME - that people with money in an unregulated market let their greed get the best of them so they can maybe get richer?!

My God. I need to go outside and see if snow is still cold. tongue.gif


I'd still like to think there was really a theft but I would not be surprised if someone used this to their own benefit. No regulations I'm mean who didn't see this coming from a mile away.
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post #20 of 31
Karpeles probably did this to avoid the lawsuits that he knew were coming.
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Overclock.net › Forums › Industry News › Technology and Science News › [The Verge] Bitcoin exchange Mt. Gox files for bankruptcy protection with $64 million in liabilities