Bitcoin Forum

Economy => Service Discussion => Topic started by: tkbx on March 13, 2014, 11:51:28 AM



Title: Mt. Gox Cold Storage?
Post by: tkbx on March 13, 2014, 11:51:28 AM
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?


Title: Re: Mt. Gox Cold Storage?
Post by: nikkisnowe on March 13, 2014, 02:08:17 PM
It was either a lie or else Karpeles or a group of insiders stole from a cold wallet.  Who knows?  This is one of a number of the 500 million dollar questions.  You're about two weeks behind everyone else with this question.


Title: Re: Mt. Gox Cold Storage?
Post by: roslinpl on March 13, 2014, 02:17:34 PM
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?


Well MtGox is playing a games that they do not know the rules I think.
I remember there was some information about MtGox and cold storage of their BTC but perhaps this is already forgotten and it is hard to say - was it a lie or not or what....


Title: Re: Mt. Gox Cold Storage?
Post by: eztezt on March 13, 2014, 02:49:02 PM
http://www.reddit.com/r/Bitcoin/comments/20bh0w/richest_address_since_2011_until_2014_has_made/


Title: Re: Mt. Gox Cold Storage?
Post by: Slab Squathrust on March 14, 2014, 02:20:23 AM
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?

From what Mt. Gox says, they stored their cold storage wallet too close to the "hot wallet".  It sprung a leak, and they are now insolvent.  I'm sure spontaneous wallet leaks are a "bug" in bitcoin.  


Title: Re: Mt. Gox Cold Storage?
Post by: jaybny on March 14, 2014, 07:09:43 AM
think Bernie Madoff