Author Topic: BitCoin MtGox  (Read 1461 times)

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Offline TB-AV

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BitCoin MtGox
« on: February 26, 2014, 12:14:11 am »
Now those are some real pioneers... too rich for my blood.

You win big you loose big.

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Offline Dan Graves

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Re: BitCoin MtGox
« Reply #1 on: February 26, 2014, 09:24:13 am »
Yeah, saw this coming aaaaages ago.
They were utter xx--xx when they were still just doing Magic Cards, plenty of trouble for users then, so it's no surprise this whole thing collapsed like a deck of cards.
Glad i already cashed the bitcoins i farmed a while ago.

Offline Scooter Trash

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Re: BitCoin MtGox
« Reply #2 on: February 26, 2014, 09:41:57 am »
It's kind of a shame I think. It was a great concept... and had some other great obvious advantages...
I dream of a better tomorrow where chickens can cross roads without their motives being questioned.

Offline Dan Graves

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Re: BitCoin MtGox
« Reply #3 on: February 26, 2014, 04:37:16 pm »
Well the big banks and other institutions involved in monetary transactions weren't and aren't getting a cut of this pie, so it must be killed in whatever way possible.
I'd not be surprised if the hack turned out to be have been done on behalf of 'parties unknown' who wanted Bitcoin to take another tumble.

Offline TB-AV

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Re: BitCoin MtGox
« Reply #4 on: February 26, 2014, 04:41:35 pm »
Oh you can bet your ass on that. the corruption in government and banking these days is simply boundless.
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Offline Scooter Trash

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Re: BitCoin MtGox
« Reply #5 on: February 26, 2014, 05:03:04 pm »
I'd not be surprised if the hack turned out to be have been done on behalf of 'parties unknown' who wanted Bitcoin to take another tumble.

Yep
I dream of a better tomorrow where chickens can cross roads without their motives being questioned.

Offline Borodog

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Re: BitCoin MtGox
« Reply #6 on: February 26, 2014, 08:57:42 pm »
Mt Gox was a half assed shady cesspool from the start. Bitcoin isn't going away because mt gox collapsed. It will get stronger because that dump has been pruned.
Insert humorous signature here.

Offline Tim Mason

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Re: BitCoin MtGox
« Reply #7 on: February 27, 2014, 11:18:22 am »
The Guardian agrees with you : http://www.theguardian.com/money/us-money-blog/2014/feb/25/bitcoin-mt-gox-scandal-reputation-crime

I don't know if that's a welcome sign or not

Offline Dan Graves

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Re: BitCoin MtGox
« Reply #8 on: April 05, 2014, 04:04:41 am »
Bitcoin won't go away easily, sure, but with the US gov't clamping down on all exchanges that it can, BTC will devaluate badly, and it's practical uses will go on the decline.

Offline justinguitar

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Re: BitCoin MtGox
« Reply #9 on: April 07, 2014, 09:12:59 am »
I had my (few) bitcoins in InstaWallet which went under too and the money just disappeared!

Does need some kind of regulation if people will use it to put proper money in...

"You can get help from teachers, but you are going to have to learn a lot by yourself, sitting alone in a room." Dr. Seuss

Offline Dan Graves

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Re: BitCoin MtGox
« Reply #10 on: April 08, 2014, 03:12:36 am »
With no one having any say over the whole thing, there can be no regulation.
And that there is no central regulation is by design, as it was meant to upset the balance with other currencies and defy the banks.
It was a good plan in theory, but as with many theories, it didn't quite survive translation into real-world application.
Because as idyllic as any plan may be, reality is always at the ready with a baseball bat to bash any hopefull naivety out of it and then leave it bleeding and wimpering for it's mother.

 

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