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Author Topic: Mt. Gox Files for Bankruptcy in Japan, $400 Millions Worth of Coins Gone FOREVER  (Read 858 times)
JessyMatt
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March 01, 2014, 12:04:39 AM
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Wow, $400 millions worth of bitcoins gone FOREVER as Mt. Gox files for bankruptcy protection in a Japanese court yesterday. You know this is serious if Bloomberg is covering it!

http://www.bitcoinvalues.net/mt-gox-files-for-bankruptcy-lost-400-million-worth-bitcoins.html

http://www.bloomberg.com/news/2014-02-28/mt-gox-files-for-bankruptcy-after-470-million-bitcoin-loss.html

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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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CrashX
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March 01, 2014, 06:41:14 AM
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Its everywhere, from any website Front Page to Local Channels...

Bitcoin in the Public View just turned into a Ponzi Scheme officially.

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Chemistry1988
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March 01, 2014, 08:50:44 AM
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Thanks for the links Cheesy
Sindelar1938
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March 01, 2014, 09:20:55 AM
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MtGox closure all things considered is probably for the best

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March 01, 2014, 01:48:18 PM
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Terrible news for the credibility of Bitcoin.
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