BREAKING NEWS: Gox Knew For Years That They Were Being Fleeced...

[rat]

http://www.coindesk.com/mt-gox-loses-340-million-bitcoin-rumoured-insolvent/

"According to the leak, Mt. Gox has lost close to 744,408 BTC or $350m at current prices, and faces an unconfirmed additional $55m in fiat liabilities. The company suggests that theft related to transaction malleability has been ongoing for several years, but was not reported by the company."


thanks, mark. nice to finally hear that...

[redhawk979]

Free Market at work.

[waldox]

possible conspiracy theory: i think the US govt made mt gox an offer they couldnt refuse(threats from govt?), help bring crash bitcoin with a transaction maliability bug excuse and they will get off the hook for money laundering. the govt does not like bitcoin competing with their reserve currency

[Luno]

possible conspiracy theory: i think the US govt made mt gox an offer they couldnt refuse(threats from govt?), help bring crash bitcoin with a transaction maliability bug excuse and they will get off the hook for money laundering. the govt does not like bitcoin competing with their reserve currency

China is buying BTC at 20 times the speed of the rest of the world right now. So if your theory is right, is this an attempt to destabilize Chinese economy too

Bitcoin is a financial nuke!

[Sheldor333]

I'll be blunt: nobody knows WTF a cryptocurrency is. Panic and assumptions rule the day. Bad news cycle, value goes down. Good news cycle, value goes up. This is all that most people pay any attention to. If you're not one of those people, congratulations, you can probably make some money.
Bitcoin is like TCP/IP. Without it, no internet. The guys who wrote TCP/IP sure as hell didn't envision the internet the way it is today - no one can predict those kinds of innovations. They didn't see youtube, the world wide web, wikipedia, social networking, netflix, itunes, or cloud computing. What they did see was a basic protocol that connected everything in a redundant, decentralized way. That was all it took to change the world.
Bitcoin's designers envisioned money that cannot be fucked around with by third parties and can be sent instantly anywhere there is internet access with no possibility of outside interference.
Anyone who tells you how that vision is going to play out is kidding you or deluding themselves. Even Satoshi only has his hopes of what might happen. No plan survives contact with reality.

[studio1one]

This is actually good new.....

[MrPiggles]

possible conspiracy theory: i think the US govt made mt gox an offer they couldnt refuse(threats from govt?), help bring crash bitcoin with a transaction maliability bug excuse and they will get off the hook for money laundering. the govt does not like bitcoin competing with their reserve currency

China is buying BTC at 20 times the speed of the rest of the world right now. So if your theory is right, is this an attempt to destabilize Chinese economy too

Bitcoin is a financial nuke!

Total B.S

That Fiatleak map clearly doesn't show any other exchanges cept the Chinese one.

You can watch all the volume on btc-e and bitstamp and it doesn't register on fiatleak at all

[bitjoint]

Bitcoin is like TCP/IP. Without it, no internet. The guys who wrote TCP/IP sure as hell didn't envision the internet the way it is today - no one can predict those kinds of innovations. They didn't see youtube, the world wide web, wikipedia, social networking, netflix, itunes, or cloud computing. What they did see was a basic protocol that connected everything in a redundant, decentralized way. That was all it took to change the world.

Agree...

Anyone who tells you how that vision is going to play out is kidding you or deluding themselves.

Disagree...

The designers and developers that are building on top of the bitcoin protocol (tcp/ip in your analogy) are driven by a vision. It is the pursue of that vision what makes and will make the ecosystem move forward. Nobody knows how will play out with a 100% of accuracy, but certainly most people is driving the direction with "their" vision and some of them will be damn right. Exciting things to come, we just need to give it time...

Now keep moving bitchez. Go build something.