MtGox found some bitcoin | TigerDroppings.com

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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56035 posts

MtGox found some bitcoin


Found 200,000 bitcoin that they had previously lost. You know what this feels like? The heat is on this guy and all of the sudden, "Hey we found some"

quote:

In a bit of news that's familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery. The company announced (PDF) in Japan that it found 200,000 Bitcoin (worth nearly $116 million at the moment) in a wallet from 2011 that it no longer used. That's less than a quarter of the 850,000 Bitcoins CEO Mark Karpeles reported were missing, but at the moment, at least it's something. According to its statement, the coins were moved to online wallets on the 7th, and then to offline wallets on the 14th and 15th.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15231 posts
 Online 

re: MtGox found some bitcoin


Give the gut a break. The hackers couldn't find them either, or else they would have stolen them with the other Bitcoins they got away with.





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plex
Belmont Fan
Argentina
Member since Nov 2013
104 posts

re: MtGox found some bitcoin


quote:

"lost"






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Lsut81
USA Fan
Member since Jun 2005
64225 posts
 Online 

re: MtGox found some bitcoin


Of course they did... Now that they are in deep shite and facing legal action, they are slowly going to find the "Missing" coins





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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3609 posts

re: MtGox found some bitcoin


I don't see the problem here. I am constantly finding money in couch cushions and pants when I do the laundry.





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56035 posts

re: MtGox found some bitcoin


I find 100 million in my pants all the time.





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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8213 posts
 Online 

re: MtGox found some bitcoin


quote:

The company announced (PDF) in Japan that it found 200,000 Bitcoin (worth nearly $116 million at the moment) in a wallet from 2011 that it no longer used.









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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4798 posts

re: MtGox found some bitcoin


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.






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TigerstuckinMS
LSU Fan
Member since Nov 2005
5137 posts

re: MtGox found some bitcoin


Good lord, who is that smokeshow in ZereauxSum's post?

Sorry, but I have to know.






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15231 posts
 Online 

re: MtGox found some bitcoin


quote:

I find 100 million in my pants all the time.
When did we start discussing lice?






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plex
Belmont Fan
Argentina
Member since Nov 2013
104 posts

re: MtGox found some bitcoin


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.






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Venelar
LSU Fan
The AP
Member since Oct 2010
330 posts

re: MtGox found some bitcoin


quote:

Good lord, who is that smokeshow in ZereauxSum's post?

Sorry, but I have to know.


Cheryl Cole






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
18095 posts

re: MtGox found some bitcoin


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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plex
Belmont Fan
Argentina
Member since Nov 2013
104 posts

re: MtGox found some bitcoin


quote:

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


And a bunch of people still make the same mistakes on other exchanges. Never hold bitcoins in an online wallet!






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
18095 posts

re: MtGox found some bitcoin


yep, the only time I do is when I'm trading. Which is actually pretty often, but I'm aware of the consequences. If they came up "missing" it would be my fault for letting it happen.





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