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The Inside Story of Mt. Gox
Posted on 3/3/14 at 9:17 am
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
LINK
Posted on 3/3/14 at 9:40 am to htownjeep
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.
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 on 3/3/14 at 11:58 am to htownjeep
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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