Looks like Mt. Gox is dead...

[Kadarin]

Hacker News is linking to several stories indicating that bitcoin exchange Mt. Gox is dead:

http://thenextweb.com/insider/2014/...witter&awesm=tnw.to_a3Oba&utm_medium=Spreadus

http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

Interesting...

 

[quikah]

Who posted that strategy? Those liability/asset numbers are pretty scary.

 

[VulgarDisplay]

So my bitcoins there are gone? holy fucking fuck...

 

[ThatsABigOne]

Good.

 

[Ns1]

*grabs popcorn and lawn chair*

 

[bbhaag]

Wow...just a bump in the road. Every currency has it ups and downs.

 

[dr150]

My $800k in bitcoin at Mt. Gox should be ok. :thumbsup:

It's FDIC insured......At least that's what they told me...

 

[SSSnail]

Gosh dang it, just as I'm about to warm up to Bitcoint and transfer my portfolio into this new craze... I just can never catch a break.

 

[mizzou]

 

[BoberFett]

LOL, bitcoin...

 

[baydude]

good... hope the next bitcoin exchange does the same

 

[Remobz]

I hate bitcoin. Good

 

[Tsavo]

Wow...just a bump in the road. Every currency has it ups and downs.

Except BTC's ups and downs is exactly the same as a tweaked meth-head using a pogo stick on a trampoline.

BTC won't be a valid currency until a valid RMT exchange is established.

 

[Rakehellion]

Along with all those billions of dollars worth of coins. Who didn't see this coming?

 

[rcpratt]

Hahahah.

 

[BeeBoop]

Except BTC's ups and downs is exactly the same as a tweaked meth-head using a pogo stick on a trampoline.

BTC won't be a valid currency until a valid RMT exchange is established.

What does RMT stand for?

 

[lxskllr]

Cue the tards that whine about BTC not being as "safe" as other fiat currency. The especially stupid ones will call for regulation, while the point flies 1,000m above their heads.

 

[UncleWai]

Did the technical analysis predicted this?

 

[Tsavo]

What does RMT stand for?

Real Money Transaction.

The term was coined to express the conversion of real money to/from virtual items in MMO's. It's applicable here.

 

[AViking]

lol bitcoin

 

[AViking]

http://www.forbes.com/sites/ericmac...tcoin-exchange-mt-gox-is-offline-likely-dead/

http://blogs.computerworld.com/secu...krupt-mt-gox-leaks-its-own-acquisition-itbwcw

Basically it sounds like all of those who have their money there lost it and he's going to open up another one at gox.com

Such a stable currency. Sign me up baby!

 

[Scotteq]

http://www.forbes.com/sites/ericmac...tcoin-exchange-mt-gox-is-offline-likely-dead/

http://blogs.computerworld.com/secu...krupt-mt-gox-leaks-its-own-acquisition-itbwcw

Basically it sounds like all of those who have their money there lost it and he's going to open up another one at gox.com

Such a stable currency. Sign me up baby!

Let me get this straight....

The site implodes, causing untold numbers of people to lose real money which they had tied up in fake money...

... And the solution is to open a new site?


... Man, whoever said there would never be an efficient and accurate intelligence test on the Internet was wrong.

 

[Kaido]

My $800k in bitcoin at Mt. Gox should be ok. :thumbsup:

It's FDIC insured......At least that's what they told me...

http://www.forbes.com/sites/cameron...rs-recovery-steps-and-taking-your-tax-losses/

First, it’s important to understand that Mt. Gox is not a bank and it does not protect its users with a system similar to the FDIC or Federal Deposit Insurance Corporation. This means that there isn’t a neutral third-party protecting the money you held at Mt. Gox. The FDIC provides insurance up to $250,000 dollars on deposits in bank accounts to help assure us that our money won’t evaporate, if the bank shuts down like Mt. Gox.

:whiste:

 

[AViking]

Hundreds of millions of dollars has already gone missing before this even happened. Those that still had money there are not the sharpest tools in the shed.

bitcoin...lol

 

[ultimatebob]

LOL at those people who thought that a former Magic The Gathering trading card site was a good place to put thousands of dollars of cash to buy Bitcoin.

You would think that most people would have learned this lesson after either the first or second time the site got hacked and caused the value of Bitcoin to crash for a few days... but I guess not.