Hmm... It seems I was wrong. Well, damn. Oh well.
So do you still have all your savings in BTC?
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MtGox.com is offline
71–80 of 553 posts
Re: MtGox.com is offline
#72Did I just loose all my coins I had with them?
Probably.
Re: MtGox.com is offline
#73Did I just loose all my coins I had with them?
Your coins were gone months or even a year or two ago. You are just realizing it now. MtGox didn't realize they were missing either, until rather recently.
Re: MtGox.com is offline
#74Pretty good Ponzi. Not as impressive as Bernie Maddof's, but extra points for the tech angle.
How in the hell did these guys manage to screw this up so badly? Think about the tx fees they were raking in.
Re: MtGox.com is offline
#75In a strange way, I feel this merits the HN black bar treatment if only because of its historical import.
Re: MtGox.com is offline
#76It's really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt. -- MtGox was (past tense is probably appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed spectacularly , and publicly, and took a TON of peoples' money with it. The transacti…
Still, anyone who didn't think that bitcoin is incredibly risky (with a high upside) was living under a rock, There are best practicies when dealing with a risky asset such as BTC, and they're really not that hard. Speaking of which, I should probably get around to implementing those best practices myself =D
Re: MtGox.com is offline
#77It's really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt. -- MtGox was (past tense is probably appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed spectacularly , and publicly, and took a TON of peoples' money with it. The transacti…
No, at some point between $0 and $400,000,000[1], negligence is no longer an acceptable excuse.
[1] The current market value of the claimed 700k BTC loss in USD.
Re: MtGox.com is offline
#78I know little about Bitcoin (and its community) so please correct me where I'm wrong:
If MtGox can publish all stolen Bitcoin, would it make it impossible for whoever with them to use them? Although Bitcoin is not regulated, stealing them still violates laws right? And since everything is kept track by the entire Bitcoin network, whoever uses it can't keep anonymous.
Re: MtGox.com is offline
#79Hello, downsides of unregulated currency. Some of the rules are there for a reason.
Except when the rules result in say, Weimar.
Because bad rules can exist doesn't mean all rules are bad. Just because bad can laws exist doesn't mean all laws are bad. libertarians can't seem to understand this.
Re: MtGox.com is offline
#80It's really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt. -- MtGox was (past tense is probably appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed spectacularly , and publicly, and took a TON of peoples' money with it. The transacti…
It's not that big a deal...it's just internet funbucks anyways, right? :D