Bitcoin Forum
April 30, 2024, 11:36:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Marketplace > Service Discussion > Mt. Gox Cold Storage?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Mt. Gox Cold Storage?  (Read 677 times)
tkbx (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 251



View Profile
March 13, 2014, 11:51:28 AM
 #1
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?
1714476989
Hero Member
*
Offline Offline

Posts: 1714476989

View Profile Personal Message (Offline)

Ignore
1714476989
1714476989
Reply with quote  #2
1714476989
Report to moderator
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714476989
Hero Member
*
Offline Offline

Posts: 1714476989

View Profile Personal Message (Offline)

Ignore
1714476989
1714476989
Reply with quote  #2
1714476989
Report to moderator
nikkisnowe
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
March 13, 2014, 02:08:17 PM
 #2
It was either a lie or else Karpeles or a group of insiders stole from a cold wallet.  Who knows?  This is one of a number of the 500 million dollar questions.  You're about two weeks behind everyone else with this question.
roslinpl
Legendary
*
Offline Offline

Activity: 2212
Merit: 1199


View Profile WWW
March 13, 2014, 02:17:34 PM
 #3
Quote from: tkbx on March 13, 2014, 11:51:28 AM
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?


Well MtGox is playing a games that they do not know the rules I think.
I remember there was some information about MtGox and cold storage of their BTC but perhaps this is already forgotten and it is hard to say - was it a lie or not or what....
eztezt
Member
**
Offline Offline

Activity: 95
Merit: 10


View Profile
March 13, 2014, 02:49:02 PM
 #4
http://www.reddit.com/r/Bitcoin/comments/20bh0w/richest_address_since_2011_until_2014_has_made/
Slab Squathrust
Full Member
***
Offline Offline

Activity: 169
Merit: 100


View Profile
March 14, 2014, 02:20:23 AM
 #5
Quote from: tkbx on March 13, 2014, 11:51:28 AM
If I remember correctly, Mt. Gox claimed to have 90-something percent of their Bitcoin in cold storage, just like Coinbase, right? Was this just an outright lie? Or am I remembering incorrectly?

From what Mt. Gox says, they stored their cold storage wallet too close to the "hot wallet".  It sprung a leak, and they are now insolvent.  I'm sure spontaneous wallet leaks are a "bug" in bitcoin.  
jaybny
Sr. Member
****
Offline Offline

Activity: 410
Merit: 250


Proof-of-Skill - protoblock.com


View Profile WWW
March 14, 2014, 07:09:43 AM
 #6
think Bernie Madoff
Protoblock turns knowledge of American football into Fantasybit coin, a margin token used to monetize leveraged skill.

https://twitter.com/jaybny/status/1022596877332762624
Pages: [1]
  Print  
Bitcoin Forum > Economy > Marketplace > Service Discussion > Mt. Gox Cold Storage?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!