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Author Topic: Mt.Gox Bankruptcy - CNN States 1.75 Million BTC Lost  (Read 4040 times)
antimattercrusader
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February 28, 2014, 02:59:35 PM
 #1

http://money.cnn.com/2014/02/28/investing/mt-gox-bankruptcy/index.html?hpt=hp_t2

Wonder where they got that number?

BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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raskul
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February 28, 2014, 03:00:08 PM
 #2

they counted all the fingers of all the journalists they employ and halved it.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Ekaros
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February 28, 2014, 03:28:04 PM
 #3

they counted all the fingers of all the journalists they employ and halved it.

Wouldn't zero divided by two still be zero?

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February 28, 2014, 03:32:54 PM
 #4

Waiting for FOX to report that it was 17.5 million Wink

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Sindelar1938
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February 28, 2014, 03:34:25 PM
 #5

Clueless, irresponsible reporting
Not really a surprise but very disappointing

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February 28, 2014, 03:39:05 PM
 #6


"Mt.Gox learned Monday that 1.75 million bitcoins held by the company and its customers had disappeared, according to Teikoku Databank, a Japanese bankruptcy tracking firm."

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

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raskul
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February 28, 2014, 03:40:36 PM
 #7

they counted all the fingers of all the journalists they employ and halved it.

Wouldn't zero divided by two still be zero?

sorry, that should have read 'interns' i stand corrected  Grin

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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February 28, 2014, 03:52:05 PM
 #8


I like reading such crap in the press about topics I am knowledgeable about. They remind me that articles about topics I have no clue about are probably crap, too, even if I lack the knowledge to see it. Such as gas attacks in Syria or revolts in Ukraine.

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February 28, 2014, 09:03:09 PM
 #9

sounds like they added 750,000(clients) and what was supposed to be 100,000(company), but they saw 1,000,000.  Sad that armchair bloggers are more scrupulous than MSM and have been for some time. 

My solution: (Steal this idea)

Someone build a "skin" plug-in that sits on top of the articles, people can use the skin to rate sentences one by one. True, False, half-truth, unverifiable, etc..  the aggregated input is then calculated, and the plug-in will display the community consensus on the quality of the article.  You can look up authors past scores. You can see the score for a single sentence.  Contributors would get compensated by revenue generated by ads the plug-in presents while editing, maybe some contributors input is worth more than others.  If only there were some mechanism or system out there to handle the micropayments for people doing the work.. hmmm.....if only....
nick32768
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February 28, 2014, 10:09:26 PM
 #10

If only there were some mechanism or system out there to handle the micropayments for people doing the work.. hmmm.....if only....

Wow, great idea!

Why don't we create a digital currency... based on cryptography... without anyone controlling it... we could call it: 'bytecoin'.    Shocked

Nick.

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February 28, 2014, 10:55:13 PM
 #11


I like reading such crap in the press about topics I am knowledgeable about. They remind me that articles about topics I have no clue about are probably crap, too, even if I lack the knowledge to see it. Such as gas attacks in Syria or revolts in Ukraine.

That was exactly my thinking when I was reading things about bitcoin on some local known journals.

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cbeast
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Let's talk governance, lipstick, and pigs.


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March 01, 2014, 12:33:06 AM
 #12

Waiting for FOX to report that it was 17.5 million Wink
And that they just printed more to cover their losses.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
porcupine87
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hm


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March 01, 2014, 12:53:09 AM
 #13

one year ago the price was at 36$. 64Mio$ are missing. 64 000 000/36 = 1.175Mio.

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
derpinheimer
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March 01, 2014, 01:05:20 AM
 #14

Waiting for FOX to report that it was 17.5 million Wink
And that they just printed more to cover their losses.

I can see it.

"Well why dont they just.. like, mine another 500k and give it to the exchange???"

LarryLiu
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March 01, 2014, 07:05:24 PM
 #15


"Mt.Gox learned Monday that 1.75 million bitcoins held by the company and its customers had disappeared, according to Teikoku Databank, a Japanese bankruptcy tracking firm."

It was lost in transaction.

LL
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March 02, 2014, 01:50:46 AM
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The mentally challenged media in the states keep saying ' bankruptcy' .  They should stick to reporting dog shows and celebrity gossip.
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March 02, 2014, 12:23:37 PM
 #17


I like reading such crap in the press about topics I am knowledgeable about. They remind me that articles about topics I have no clue about are probably crap, too, even if I lack the knowledge to see it. Such as gas attacks in Syria or revolts in Ukraine.

+1

One of those many things that Bitcoin taught me that has nothing to do with money
BitCoinsLOL
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March 02, 2014, 02:24:15 PM
 #18

Irresponsible journalism at it's finest complete hacks. The term Due Diligence escapes them.

I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
chessnut
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March 04, 2014, 04:18:27 AM
 #19

 Grin

https://dl.dropboxusercontent.com/u/20972718/Three%20Dead%20Trolls%20in%20a%20Baggie%20-%20Safe%20Bank.mp3

have a listen. dont bank with gox, bank with imperial dominion!

DeathAndTaxes
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March 04, 2014, 04:34:27 AM
 #20


"Mt.Gox learned Monday that 1.75 million bitcoins held by the company and its customers had disappeared, according to Teikoku Databank, a Japanese bankruptcy tracking firm."

CNN was a victim of the known sentence malleability bug.
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