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MtGox found some bitcoin

Posted on 3/21/14 at 9:59 am
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 3/21/14 at 9:59 am
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.


LINK
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/21/14 at 10:11 am to
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.
Posted by plex
Argentina
Member since Nov 2013
111 posts
Posted on 3/21/14 at 10:26 am to
quote:

"lost"
Posted by Lsut81
Member since Jun 2005
80099 posts
Posted on 3/21/14 at 10:29 am to
Of course they did... Now that they are in deep shite and facing legal action, they are slowly going to find the "Missing" coins
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 3/21/14 at 10:31 am to
I don't see the problem here. I am constantly finding money in couch cushions and pants when I do the laundry.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 3/21/14 at 10:33 am to
I find 100 million in my pants all the time.
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 3/21/14 at 10:38 am to
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.



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 TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 3/22/14 at 7:45 am to
Good lord, who is that smokeshow in ZereauxSum's post?

Sorry, but I have to know.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/22/14 at 9:12 am to
quote:

I find 100 million in my pants all the time.
When did we start discussing lice?
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 Venelar
The AP
Member since Oct 2010
1134 posts
Posted on 3/22/14 at 11:22 am to
quote:

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

Sorry, but I have to know.


Cheryl Cole
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24333 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.
Posted by plex
Argentina
Member since Nov 2013
111 posts
Posted on 3/22/14 at 12:46 pm to
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!
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24333 posts
Posted on 3/22/14 at 4:02 pm to
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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