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Looks like Mt. Gox is dead...

My $800k in bitcoin at Mt. Gox should be ok. :thumbsup:

It's FDIC insured......At least that's what they told me...
 
Gosh dang it, just as I'm about to warm up to Bitcoint and transfer my portfolio into this new craze... I just can never catch a break.
 
07-minister.jpg
 
bbhaag said:
Wow...just a bump in the road. Every currency has it ups and downs.
Click to expand...

Except BTC's ups and downs is exactly the same as a tweaked meth-head using a pogo stick on a trampoline.

BTC won't be a valid currency until a valid RMT exchange is established.
 
Cue the tards that whine about BTC not being as "safe" as other fiat currency. The especially stupid ones will call for regulation, while the point flies 1,000m above their heads.
 
AViking said:
http://www.forbes.com/sites/ericmac...tcoin-exchange-mt-gox-is-offline-likely-dead/

http://blogs.computerworld.com/secu...krupt-mt-gox-leaks-its-own-acquisition-itbwcw

Basically it sounds like all of those who have their money there lost it and he's going to open up another one at gox.com

Such a stable currency. Sign me up baby!
Click to expand...

Let me get this straight....

The site implodes, causing untold numbers of people to lose real money which they had tied up in fake money...

... And the solution is to open a new site?


... Man, whoever said there would never be an efficient and accurate intelligence test on the Internet was wrong. 😀
 
dr150 said:
My $800k in bitcoin at Mt. Gox should be ok. :thumbsup:

It's FDIC insured......At least that's what they told me...
Click to expand...

http://www.forbes.com/sites/cameron...rs-recovery-steps-and-taking-your-tax-losses/

First, it’s important to understand that Mt. Gox is not a bank and it does not protect its users with a system similar to the FDIC or Federal Deposit Insurance Corporation. This means that there isn’t a neutral third-party protecting the money you held at Mt. Gox. The FDIC provides insurance up to $250,000 dollars on deposits in bank accounts to help assure us that our money won’t evaporate, if the bank shuts down like Mt. Gox.
Click to expand...

:whiste:
 
Hundreds of millions of dollars has already gone missing before this even happened. Those that still had money there are not the sharpest tools in the shed.

bitcoin...lol
 
LOL at those people who thought that a former Magic The Gathering trading card site was a good place to put thousands of dollars of cash to buy Bitcoin.

You would think that most people would have learned this lesson after either the first or second time the site got hacked and caused the value of Bitcoin to crash for a few days... but I guess not.
 
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