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Author Topic: Best summary of Mt Gox statement  (Read 515 times)
quone17 (OP)
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February 20, 2014, 06:54:54 PM
 #1

From zerohedge:

In summary, all BTC withdrawals re-frozen for another week...blamed on a small group of protesters hanging around out front of the offices looking for their money... another day in bitcoin land...

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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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February 20, 2014, 06:56:38 PM
 #2

From zerohedge:

In summary, all BTC withdrawals re-frozen for another week...blamed on a small group of protesters hanging around out front of the offices looking for their money... another day in bitcoin land...

Another day in "Gox land".

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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February 20, 2014, 07:04:57 PM
 #3

I'm sure it won't take long for the protesters to find their new (old) office.  The gox staff scum can hide all they want, they're still going under.

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