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re: MtGox found some bitcoin

Posted on 3/22/14 at 7:33 am to
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 3/22/14 at 7:33 am to
have any of the bitcoin devotees explained why an EXCHANGE is holding so many bitcoins?

If they're really just market makers then there should be no reason for them to hold hundreds of millions of $ worth(I'm using this term lightly here) of bitcoin.
Posted by plex
Argentina
Member since Nov 2013
111 posts
Posted on 3/22/14 at 11:04 am to
quote:

have any of the bitcoin devotees explained why an EXCHANGE is holding so many bitcoins?


Many of your so called bitcoin devotees saw this exchange as poorly run and expected its failure.
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24334 posts
Posted on 3/22/14 at 11:54 am to
quote:

have any of the bitcoin devotees explained why an EXCHANGE is holding so many bitcoins?



People were stupid and trusted their bitcoins were safe on the exchange, instead of sending them to their own personal wallets.
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