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The Inside Story of Mt. Gox

Posted on 3/3/14 at 9:17 am
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7631 posts
Posted on 3/3/14 at 9:17 am
Not a bad read. Answers a lot of questions I've wondered about the history. Also gives some insight as to how much the bitcoinistas do not understand business.

LINK
Posted by LSURussian
Member since Feb 2005
128379 posts
Posted on 3/3/14 at 9:40 am to
Interesting. Nothing surprising though. It confirms my opinion about bitcoinistas.

Bitcoin relies on trust among its users. Even wiki has posted that.

Yet bitcoin attracts a certain segment of the population who are probably the least trustworthy people on earth: no ethical standards, no moral compass.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/3/14 at 11:58 am to
So much for Josh's explanation that the missing Bitcoins likely weren't stolen, but that the private keys were lost by MtGOX. The fact that their bank account was ripped off of $27.4 million is incomprehensible. Routine bank reconciliations would have discovered missing cash.
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