Looks like Mt. Gox is dead...

[waggy]

LOL t his story gets better and better.

 

[manimal]

LOL t his story gets better and better.

you cant write this stuff.


This one will make a terrific movie of the week. think wolf of wall street but with NERDS getting mixed up with mobsters

 

[Markbnj]

you cant write this stuff.


This one will make a terrific movie of the week. think wolf of wall street but with NERDS getting mixed up with mobsters

Like "The Social Network" but called "The Exchange." Jack Black could play Karpeles.

 

[tortillasoup]

Like "The Social Network" but called "The Exchange." Jack Black could play Karpeles.

excellent, would pirate...

 

[AViking]

I know call out threads are forbidden but where are all those crazy people from the other threads telling us how awesome bitcoin is?

These people who lost their money need to be told that they are never getting it back. Then they should throw this guy in prison. That's a win-win. Hopefully everyone learns their lesson.

 

[Crusty]

I know call out threads are forbidden but where are all those crazy people from the other threads telling us how awesome bitcoin is?

These people who lost their money need to be told that they are never getting it back. Then they should throw this guy in prison. That's a win-win. Hopefully everyone learns their lesson.

Once again this about the failures of Mark Karpeles and Mt. Gox, not the Bitcoin protocol.

 

[AViking]

Yeah you just keep saying that. lol

 

[blackdogdeek]

You see, you know how to *take* the money, you just don't know how to *hold* the money. And that's really the most important part, the holding. Anybody can just take money.

I know what money is.

 

[Crusty]

Yeah you just keep saying that. lol

And you keep on spewing nothing but trollbait. You have no intellectual thoughts of your own on this matter, you should just leave it alone.

 

[Printer Bandit]

i wish i had lost 500 bitcoins so i could give a fuck about this.

 

[norseamd]

i wish i had lost 500 bitcoins so i could give a fuck about this.

not worth it at all in any way possible

 

[M0oG0oGaiPan]

sucks for people trying to get some magic cards.

 

[Arcadio]

It surprises me that many people on a tech forum are against something like Bitcoin.

 

[norseamd]

sucks for people trying to get some magic cards.

did they even sell those cards anymore?

 

[norseamd]

It surprises me that many people on a tech forum are against something like Bitcoin.

not against it

many people likely think it is stupid because of the risk

 

[KidNiki1]

did they even those cards anymore?

did you accidentally the whole thing, too?

 

[norseamd]

did you accidentally the whole thing, too?

fixed

 

[artvscommerce]

You see, you know how to *take* the money, you just don't know how to *hold* the money. And that's really the most important part, the holding. Anybody can just take money.

Let me, uh, speak with my supervisor.

 

[artvscommerce]

It surprises me that many people on a tech forum are against something like Bitcoin.

It's a pretty complex concept. Some people are very afraid of what they do not understand. I find that the intelligent criticisms typically come from those who tend to be more neutral in their view of it. The people that just hate on it never seem to have anything intelligent to say.

 

[gorcorps]

It surprises me that many people on a tech forum are against something like Bitcoin.

How can you get behind something that can be so easily comprimised?

I don't have a problem with the idea. I mean in today's world, money in genereal is almost strictly digital anyway. My company direct deposits money directly to my bank, which I can reduce by transferring those funds to a store or restaurant in exchange for whatever I'm buying. Now while we all know banks and online exchange sites aren't invincible, they're a lot more secure than some of these bitcoin exchanges seem to be. If a reputable exchange like e-trade allowed you to buy and sell bitcoins, than I might actually get behind it because they've proven to be secure.

I have some other reservations, but the big one is simply security. Not sure why people on a tech forum have to automatically like anything that's on a computer... that's just a stupid ass mindset.

 

[IAteYourMother]

How can you get behind something that can be so easily comprimised?

I don't have a problem with the idea. I mean in today's world, money in genereal is almost strictly digital anyway. My company direct deposits money directly to my bank, which I can reduce by transferring those funds to a store or restaurant in exchange for whatever I'm buying. Now while we all know banks and online exchange sites aren't invincible, they're a lot more secure than some of these bitcoin exchanges seem to be. If a reputable exchange like e-trade allowed you to buy and sell bitcoins, than I might actually get behind it because they've proven to be secure.

I have some other reservations, but the big one is simply security. Not sure why people on a tech forum have to automatically like anything that's on a computer... that's just a stupid ass mindset.

Bitcoin is such a young enterprise, that there's no reason to expect that it won't improve. Hell, it took hundreds of years before banks were federally insured - you could lose all your money when a bank went under. With technology the way it is, you would expect Bitcoin to make security improvements at exponentially faster speed.

The value of bitcoin is that it isn't as beholden to centralized powers in large banks and governments. The tradeoffs are the stability, obviously.

 

[momeNt]

How can you get behind something that can be so easily comprimised?

I don't have a problem with the idea. I mean in today's world, money in genereal is almost strictly digital anyway. My company direct deposits money directly to my bank, which I can reduce by transferring those funds to a store or restaurant in exchange for whatever I'm buying. Now while we all know banks and online exchange sites aren't invincible, they're a lot more secure than some of these bitcoin exchanges seem to be. If a reputable exchange like e-trade allowed you to buy and sell bitcoins, than I might actually get behind it because they've proven to be secure.

I have some other reservations, but the big one is simply security. Not sure why people on a tech forum have to automatically like anything that's on a computer... that's just a stupid ass mindset.

The bitcoins themselves are not easily compromised, but the exchanges are, because you are not relying on the security of the bitcoin protocol, but of the exchange itself.

Nobody can steal your bitcoins, you can either lose them or give them away. In the case of mtgox, they were given away because the original bitcoin holders entrusted them to mtgox and ceased to have control of the coins.

Middle men and exchanges like mtgox are probably not the best way to use bitcoins. It's like giving some random person on the street money and telling him to buy you something while you wait. You have no recourse if he just leaves with the money.

 

[Ns1]

did they even sell those cards anymore?

surprisingly, yes. MTG is still pretty popular almost 20 years later.

 

[Crusty]

How can you get behind something that can be so easily comprimised?

I don't have a problem with the idea. I mean in today's world, money in genereal is almost strictly digital anyway. My company direct deposits money directly to my bank, which I can reduce by transferring those funds to a store or restaurant in exchange for whatever I'm buying. Now while we all know banks and online exchange sites aren't invincible, they're a lot more secure than some of these bitcoin exchanges seem to be. If a reputable exchange like e-trade allowed you to buy and sell bitcoins, than I might actually get behind it because they've proven to be secure.

I have some other reservations, but the big one is simply security. Not sure why people on a tech forum have to automatically like anything that's on a computer... that's just a stupid ass mindset.

Well here's the thing. There are features of the Bitcoin protocol(m-of-n transactions specifically) that fix many of the problems you are seeing with the current exchanges. Nobody uses those though, because it has other effects that reduce the appeal of trading with Bitcoins and that goes against the interest of an exchange.

Current Bitcoin exchanges operate off the blockchain, as in, they don't use a Bitcoin transaction to record their customers trades, instead they operate internal ledgers. They only use the blockchain when its time to move customer Bitcoins off the exchange into the customer's personal account. This allows them to move Bitcoins between internal customer accounts at a much faster rate than the blockchain would, thus giving them more profits(commissions from the trades).

 

[norseamd]

surprisingly, yes. MTG is still pretty popular almost 20 years later.

meaning the website

the versions now are quack and overpowered and ridiculous and shit. like 5th and 6th and the expansions from then