Understatement of the year

[DeathAndTaxes]

“Gox is the worst-run business in the history of the world,” said Roger Ver, in an instant message interview. Ver is a bitcoin advocate who lives across the street from Mt. Gox’s Tokyo offices and tried to help out the troubled exchange the last time it was hacked, back in 2011.

http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/


Thanks for making me laugh.  I can visualize a frustrated Roger typing that out.  That is it folks, I am going to bed.

Gox is dead, long live Bitcoin!

[1714138584]

1714138584

[Holliday]

I read a post on the forum a few days ago that made me laugh because it was spot on. Maybe I'll try to dig it up, but I'll paraphrase until then.

"If Gox was tasked with destroying Bitcoin, we would be sitting at $75,000 per bitcoin right now."

[pmorici]

“Gox is the worst-run business in the history of the world,” said Roger Ver, in an instant message interview. Ver is a bitcoin advocate who lives across the street from Mt. Gox’s Tokyo offices and tried to help out the troubled exchange the last time it was hacked, back in 2011.

http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/


Thanks for making me laugh.  I can visualize a frustrated Roger typing that out.  That is it folks, I am going to bed.

Gox is dead, long live Bitcoin!

Well, that explains the update to the description of this YouTube Video...

http://www.youtube.com/watch?v=UP1YsMlrfF0

[justusranvier]

The amount of incompetence it takes to lose three quarters of a million bitcoins over a multi year period is truly mind blowing.

He'd have to do something like "Why is my hot wallet empty? It shouldn't be empty. I'll just refill it from the cold wallet and figure it out later" for two years.

If that crisis response document floating around is anywhere near accurate we should be be in awe of Mark Karpeles right now. This is Olympic gold metal level incompetence - you don't see that kind of thing every day and he deserves full credit for the magnitude of his achievement.