double sulk posted:

quote:

MT.GOX 318.00
high: 531.96 low: 302.00 avg: 422.53

flyboi posted:

he refuses to cash out because he's gonna get super rich or something

TVarmy posted:

Long story short, Atlas was a weird teen who kept coming up with dumb ideas and getting in fights on BitcoinTalk, so he'd get banned and create a new identity that was an obvious sock puppet because he talked like an Ayn Rand character who picked random words from the thesaurus to try to sounds smarter.

He also donated to these forums a few times when he saw us making fun of him.

Someone thought Bitcoin Jesus was his latest sock puppet.

Brock Samson posted:

True believers only in this thread.

...! posted:

Byrne says that an offhand remark to a reporter in December about the site potentially taking Bitcoin led to massive press for Overstock, which resulted in a mad rush to get the payment system up and running as soon as possible. Thanks to Bitcoin payment processor Coinbase flying an employee to Salt Lake City to work with Overstock and “locking 40 people in a room for a week,” the site’s experiment was live months earlier than they had vaguely planned. And Byrne’s interest in the cryptocurrency was piqued enough that the gold bug cashed in “several million dollars worth” of the gold he was holding (for the inevitable zombie apocalypse/U.S. financial failure) to convert it to Bitcoin. He’s emphatic about that happening at the end of January, after Overstock started taking Bitcoin, to fend off anyone who might accuse him of pumping up the currency’s value for his own sake.

anthonypants posted:

Bitcoin’s Apocalyptic Moment: Mt. Gox may have lost 750,000 bitcoins


I have received an ***unverified*** report from an otherwise reliable source, which is purportedly from Mt. Gox. The document, which is titled “Crisis Strategy Draft” outlines the current situation at the exchange.

I trust the authenticity, but have work to do to verify the document myself 100%. I will work to do so feverishly.

Here is what it says in the introduction:

"For several weeks MtGox customers have been affected by bitcoin withdrawal issues that compounded on themselves. Publicly, MtGox declared that “transaction malleability” caused the system to be subject to theft, and that something needed to be done by the core devs to fix it.

Gox’s own workaround solution was criticized, and eventually a fix was provided by Blockchain.info. The truth, it turns out, is that the damage had already been done. At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.

The cold storage has been wiped out due to a leak in the hot wallet. The reality is that MtGox can go bankrupt at any moment, and certainly deserves to as a company. However, with Bitcoin/crypto just recently gaining acceptance in the public eye, the likely damage in public perception to this class of technology could put it back 5~10 years, and cause governments to react swiftly and harshly.

At the risk of appearing hyperbolic, this could be the end of Bitcoin, at least for most of the public. We believe in the value of Bitcoin, its potential to change the world, and its principles of transparency. Most importantly we care about the customers of MtGox and other bitcoin-based businesses who will be affected. The likely consequences will be larger than this localized financial damage, and we believe that the benefits of keeping MtGox stable and running outweigh the risks. This isn’t about saving MtGox anymore.”

This is catastrophic, and I am sorry to share this. I do believe that this is one of the existential threats to bitcoin that many have feared and have personally sold all of my bitcoin holdings through Coinbase.

To do so, and not give you the same information, would be dishonest and immoral. I am a risk tolerant investor, but I believe this will be catastrophic for Bitcoin, both as a currency and as a fledgling industry.

If this is a hoax, it is one that I am fully blindsided by. I fear, however, that it is not.


FEBRUARY 24, 2014 (6:23 PM)
#BITCOIN

Sniep posted:

someone post a summary of whats goin on

Drone_Fragger posted:

So I missed 1000 posts, did MtGox finally implode as people realised they weren't getting their money back?

mod sassinator posted:

Wait, really? How could they be that incompetent?

Linguica posted:

http://www.hackingdaily.com/2014/02/mtgox-speculations.html

rotor posted:

i really want this to be the thread title but it's too long. Everyone please just use the power of your imagination and pretend this is the new title. Thanks.

quote:

BAN 03/01/14 11:48pm Morganist Joined to solicit bitcoin poo poo. Corn Thongs Ralp

Boxturret posted:

what when did this happen?