[2014-02-28] kitco Gold-Ain-t-No-Bitcoin-And-Thank-Goodness

[thezerg]

http://www.kitco.com/ind/Brecht/2014-02-28-Gold-Ain-t-No-Bitcoin-And-Thank-Goodness.html

[1714021333]

1714021333

[1714021333]

1714021333

[1714021333]

1714021333

[Axiomatification]

It has been reported that 850,000 bitcoins were lost.

Just vanished into thin air.

They didn't vanish into thin air, someone likely has them.  We just don't know who.

[aigeezer]

It has been reported that 850,000 bitcoins were lost.

Just vanished into thin air.

They didn't vanish into thin air, someone likely has them.  We just don't know who.

Not unlike the German gold stored in the US.       

http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-tons-gold-ny-fed-after-one-year

[MantasU90]

In such a loong history of gold. Was there any of it lost, stolen.?

[meanig]

In such a loong history of gold. Was there any of it lost, stolen.?

There's quite a lot at the bottom of the world's oceans.

[Singlebyte]

It has been reported that 850,000 bitcoins were lost.

Just vanished into thin air.

They didn't vanish into thin air, someone likely has them.  We just don't know who.

Lose the key to the wallet/address and they have for all purposes "vanished".

[MantasU90]

In such a loong history of gold. Was there any of it lost, stolen.?

There's quite a lot at the bottom of the world's oceans.

Had that in mind to when this was writen. I wounder what do people feel like when they are
 being robed on the street for their golding ring or a chain? If you smart enuff you can always hide your key.

[Axiomatification]

It has been reported that 850,000 bitcoins were lost.

Just vanished into thin air.

They didn't vanish into thin air, someone likely has them.  We just don't know who.

Lose the key to the wallet/address and they have for all purposes "vanished".

True, but I think it's very unlikely that Gox lost the keys.

[zeroday]

Gold investors have the backing of thousands of years of global history of using the metal as a currency

Dinosaurs were backed by millions years of history. Where are they now ?

Hackers or hard drive crash. No matter the cause behind the Mt. Gox system failure, the end result is the same. The bitcoins are gone. If you own gold, you can go check on it now, but I imagine it is just where you left it.

Hahaha. Remember Executive Order 6102 of 1933 ?

[Lyomon86]

It has been reported that 850,000 bitcoins were lost! O_O unbelievable!