seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:05:16 AM |
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I am not sure if those 750,000 bitcoins were really stolen or lost but the fact that almost 10% of the bitcoins on the network are now gone + the other 10% that are left untouched in Satoshi's wallet makes me really sad of how already scarce bitcoins are and how such a large percentage of the coins are technical locked away.
If they are stolen they are not gone nor do they make our coins more scarce. They do only if they are in some limboworld. |
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F-bernanke
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February 28, 2014, 10:05:30 AM |
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Kolin Burges @The_K_meister 2m
Karpeles in Tokyo says MtGox is bankrupt. 750,000 customer bitcoins stolen & 120,000 company bitcoins stolen. None left #mtgox #mtgoxprotest
Wow, thats bullish. My biggest question is, when did the majority get lost? Hm, not sure... it would be more bullish if he said he lost keys for those coins. we should surely go down again today? Yeah, maybe. but i'm not betting on it. 750k coins got removed, 6% of total supply! And those 750k coins were the most liquid coins there were, they were at an exchange ready to be traded/sold, not in some cold wallet. |
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jl2012
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Activity: 1792
Merit: 1130
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February 28, 2014, 10:05:38 AM |
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What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
Starting when the US law is applicable in Japan?  |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 28, 2014, 10:05:41 AM |
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Kolin Burges @The_K_meister 2m
Karpeles in Tokyo says MtGox is bankrupt. 750,000 customer bitcoins stolen & 120,000 company bitcoins stolen. None left #mtgox #mtgoxprotest
So now I expect a flood of apologies from everyone who doubted it when I said they were gone...not. Price spike second wave will occur after the denial dip that apparently already started. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:06:34 AM |
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Kolin Burges @The_K_meister 2m
Karpeles in Tokyo says MtGox is bankrupt. 750,000 customer bitcoins stolen & 120,000 company bitcoins stolen. None left #mtgox #mtgoxprotest
Wow, thats bullish. My biggest question is, when did the majority get lost? Hm, not sure... it would be more bullish if he said he lost keys for those coins. A last dump for the suckers, a last opening for the most persistent bears, then ccmf! Shamefully, I have to say I wouldn't mind it. I sold a lot last night  |
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MikeH
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February 28, 2014, 10:07:48 AM |
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What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
"Sometimes, both individuals and corporations file for bankruptcy protection if they believe they can recover financially, given some time and some amount of restructuring and reorganization despite being in dire financial straits right now." |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:07:53 AM |
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Kolin Burges @The_K_meister 2m
Karpeles in Tokyo says MtGox is bankrupt. 750,000 customer bitcoins stolen & 120,000 company bitcoins stolen. None left #mtgox #mtgoxprotest
Wow, thats bullish. My biggest question is, when did the majority get lost? Hm, not sure... it would be more bullish if he said he lost keys for those coins. we should surely go down again today? Yeah, maybe. but i'm not betting on it. 750k coins got removed, 6% of total supply! And those 750k coins were the most liquid coins there were, they were at an exchange ready to be traded/sold, not in some cold wallet. We don't have idea when theft happened, it was surely long process and most of those coins are probably on the market for long time. |
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600watt
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Activity: 2338
Merit: 2106
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February 28, 2014, 10:09:16 AM |
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is this the biggest theft in history?
Biggest theft in history was the bail out of the banking system 2008. They took it while getting bonuses. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:10:42 AM |
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is this the biggest theft in history?
Biggest theft in history was the bail out of the banking system 2008. They took it while getting bonuses. OK, OK, the biggest non-legal theft  |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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February 28, 2014, 10:10:54 AM |
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  Interesting stuff there... I bet for a CCMF soon. Whoever dumped; dumped. The King is dead; Hail the King! |
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MikeH
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February 28, 2014, 10:11:06 AM |
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I recommend a bail in from doge holders.
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gizmoh
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Activity: 1428
Merit: 1000
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February 28, 2014, 10:11:19 AM |
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What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
"Sometimes, both individuals and corporations file for bankruptcy protection if they believe they can recover financially, given some time and some amount of restructuring and reorganization despite being in dire financial straits right now." In this case, the interested parties bidding for Gox gave up. Their books are beyond repair i guess. |
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F-bernanke
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February 28, 2014, 10:11:34 AM |
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We don't have idea when theft happened, it was surely long process and most of those coins are probably on the market for long time.
Yes, but up until now we had the total of 12million coins PLUS the additional 750k (gox) coins on the market. So there were more coins on the market then actually exist. |
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Chang Hum
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February 28, 2014, 10:11:45 AM |
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has the comment about the loss of bitcoins been verified?
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:12:05 AM |
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Interesting stuff there... I bet for a CCMF soon. Whoever dumped; dumped. The King is dead; Hail the King! Let me rebuy first, then we'll chochooing together |
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raid_n
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February 28, 2014, 10:12:54 AM |
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I believe the most important news now is what happened to the 750k btc (+120k gox)
Did they confirm they were in fact stolen and when it happened?
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 10:16:22 AM |
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That's legal too, politicians are doing it since Jesus time. |
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slovenc
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Activity: 18
Merit: 0
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February 28, 2014, 10:16:28 AM |
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how do you think will this news about stolen bitcoins affect at the market...for me it looks like rebound arround 550$ and then bullish.
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