Underyx (OP)
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June 07, 2011, 09:54:09 PM |
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I've always wondered what the name means, and I hate how I keep calling it "Mount Gox", since mount is what I default to upon seeing "mt", but, well, that really sounds stupid. Perhaps it stands for Market?
Does anyone have any information about this?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Garrett Burgwardt
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June 07, 2011, 10:27:37 PM |
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It is a recycled domain, it used to be the Magic The Gathering Online eXchange. I like to think of it now as MagicalTux's Good Old eXchange.  |
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mushmouth39
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June 08, 2011, 04:09:25 AM |
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I was thinking it was a play on words of Fort Knox. Instead of a fort its a mountain and gox rhymes with Knox. But the more I think about it that's probably not it. Since Mt might not even stand for mount. as in a mountain.
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sinner
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June 08, 2011, 04:46:27 AM |
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better question is why do they take such high commission
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edd
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June 08, 2011, 11:32:13 AM |
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better question is why do they take such high commission
The market can obviously bear it. Some competition would be nice, however. |
Still around.
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maplemath
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June 08, 2011, 02:03:52 PM |
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better question is why do they take such high commission
They take lots of legal and financial risks by running such a large exchange. I say they deserve every bitpenny they get. But yes, competition is good. |
BTC: 18Z3fSXKNWdyM6zGeraEZ6wfYZyp8ZvCLj LTC: LdFManTRWBH4y7GXAjGTEVou9ZDRuFK7HM
WDC: Wb2WxguEYqzbBtrbC5h1PjwALxXm4vQ4Qb DOGE: DNhaETSeGnEuYje5jk7J8QtqQ1jMZ1httN
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herzmeister
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June 08, 2011, 08:27:59 PM |
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I had also thought it's Mt Gox because it rhymes with Fort Knox, and Mt because the currency is won by mining.  |
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sim_bai
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June 09, 2011, 12:46:24 PM |
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I had also thought it's Mt Gox because it rhymes with Fort Knox, and Mt because the currency is won by mining. I hope Mt Gox is as secure as Fort Knox.. |
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prizzy
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June 09, 2011, 06:56:24 PM |
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I had also thought it's Mt Gox because it rhymes with Fort Knox, and Mt because the currency is won by mining. I hope Mt Gox is as secure as Fort Knox.. It better be. When you think about, a well known structure, guarded by humans born with flaws, that can be easily destroyed, assaulted or besieged with the right amount of angry people who want gold when the dollar falls and other governments with unlimited funding and destructive weapons. Invest in bitcoin, the ideaology and the currency. |
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BombaUcigasa
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June 09, 2011, 07:02:55 PM |
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AreYouCereal
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June 14, 2011, 08:07:15 PM |
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Aww, Mount Gox sounded nice in my head before I found out the real meaning  |
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Digigami
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June 14, 2011, 08:14:07 PM |
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damn I always thought it was a play on Fort Knox as well |
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lacedwithkerosene
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June 14, 2011, 08:30:00 PM |
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If the site ever has to surrender it will be "Mont Gaux" like it was French, hurf durf
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