Jump to content

Mt Gox admits that everybody's money is gone, files for bankruptcy

TopWargamer
By TopWargamer
in Tech News
 Share
Posted

the people who had coins in MT gox where dumb people :) no regret at all for those people :) you are stupid leaving your coins on a website :)

wow youre so smart :) 

Hey there. You are looking mighty fine today, have my virtual cookie!  :ph34r:

MY RIG: http://linustechtips.com/main/topic/34911-my-setup-gold-ghetto-gg-lots-of-pictures/#entry446883

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

If they didn't do self research into the exchange they were using's history then shame on them. You never play with money you can't afford to lose, don't complain when you lose it. A online wallet is not a bank account or a brokerage account, and the whole reason cyrptocurrencies are popular is because its a anonymous exchange currency. If you lost money because you had it stored on Mt.Gox you shouldn't complain. 

 

In other news, the bitcoin volatility recently is splendid great opportunities to make money. 

Like watching Anime? Consider joining the unofficial LTT Anime Club Heaven Society~ ^.^

 

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Annnnd this is why I sold off my stuff years ago.

CPU: i7-3930K @ 4.8GHz MOBO: IV Gene RAM: 16GB Crucial Ballistix Tactical Tracer 1866MHz GPU: GTX 780 Ti CASE: Corsair 350D STORAGE: 2 x Samsung 840 Pro 256 GB, 2x WD Red 4TB
PSU: EVGA SuperNova 650W DISPLAY: 1 x ASUS VG248QE, 3 x Dell U2414H COOLING: Corsair H100i INPUT: Corsair Vengeance K70, SteelSeries Sensei AUDIO: Sennheiser HD 280 Pro, ATH-M50s, Beredynamic DT770 Pro, Steelseries H Wireless

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Annnnd this is why I sold off my stuff years ago.

but that means you lost...?

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

So uhhhh...

Does this mean I can start to see affordable AMD cards again?

 

no. 

NZXT Phantom windowed, Asus Z77 Sabertooth, Intel 2600K, Noctua NH-D14, EVGA 780 Classified, Crucial Ballistic Tactical, Crucial M4 128GB + Samsung 850 EVO, Corsair RM850, Creative X-Fi Fatal1ty Peripherals: Sennheiser HD598, FinalMouse Classic, SteelSeries Qck Heavy, Ducky Shine Zero (MX Brown), AOC G2460PF & Qnix QX2710

Build Log: Phantom - Antique Noctua

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Annnnd this is why I sold off my stuff years ago.

So you sold your BTC when it was $10/BTC? kek

 

So uhhhh...

Does this mean I can start to see affordable AMD cards again?

People need to abandon Dogecoin/Litecoin + the flavor of the month pump-and-dump coins before cards come back down to what they're "supposed" to be. With all the money to be made in FOTM coins, I don't see that happening soon, unfortunately.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Wait, so you have to file for bankruptcy if you lose a load of fake money?

 

So if I was to accidentally lose all my simpsons monopoly money, I can go to mayor quimby and declare myself bankrupt?

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Wait, so you have to file for bankruptcy if you lose a load of fake money?

 

So if I was to accidentally lose all my simpsons monopoly money, I can go to mayor quimby and declare myself bankrupt?

 

Do you even understand the basic principles of either Bitcoin or filing for bankruptcy?

"M. Aronnax." replied the Canadian, "your arguments are rotten at the foundation. You speak in the future, 'We shall be there! we shall be here!' I speak in the present, 'We are here, and we must profit by it.'"

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Do you even understand the basic principles of either Bitcoin or filing for bankruptcy?

 

Probably doesn't, though this is the whole reason xcoins are pretty stupid to get involved in, without some sort of regulatory issuing body. At least, if they had that, there would be some kind of compensation. I don't even know if a user could sue Mt. Gox for lost coins, I'd have to check up on that. It'd be interesting case law, because technically there is no way to know the value at time of theft to reimburse anyone, let alone with the bankruptcy screwing that up to shed its debts. 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Do you even understand the basic principles of either Bitcoin or filing for bankruptcy?

 

I understand that one of them is a real thing and one of them is a get rich quick scheme for lazy people

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

I understand that one of them is a real thing and one of them is a get rich quick scheme for lazy people

Are you stupid, ignorant or both?

What economic qualifications do you have?

My Personal Rig - AMD 3970X | ASUS sTRX4-Pro | RTX 2080 Super | 64GB Corsair Vengeance Pro RGB DDR4 | CoolerMaster H500P Mesh

My Wife's Rig - AMD 3900X | MSI B450I Gaming | 5500 XT 4GB | 32GB Corsair Vengeance LPX DDR4-3200 | Silverstone SG13 White

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Good, now i can buy a damn AMD card now..... excuse my language but you know its true.... i was so close to putting my money into a card that made no sense because of this whole crypto currency thing.... does this mean all coins? as people like to refer to them as, or is it just this specific skew "bit coin" that has fallen under?

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Prob a inside job. He doesn't look... genuniely sad enough. Almost looks like he's smirking.

 

I was thinking the same thing!!! he looked like he was trying the whole second half to not laugh. probably took out a few mil and hid it under his pillow.

 

If he was honorable, but somehow I don't think he has the same honor as a samurai...

 

Does anyone on wall street have any?

Spoiler

CPU: AMD Ryzen 2600 (4.2GHZ OC) EK-Supremacy EVO AMD RGB - Nickel+Plexi | MB:Gigabyte GA-AX370-Gaming K7

GPU EVGA GTX 970 Superclocked | Ram: Corsair Vengeance LPX 16GB (2x8GB) DDR4-3200 | Corsair RM850i | Boot Drive: Intel 760P 512GB | Game Storage: Intel 660P 1TB | Storage Drive: WD Blue 4TB | Logitech G810 | Logitech G502 (Proteus core) | Pioneer VSX-520K+ 4x Wharfedale Crystal 40 Standing Speakers 150W 4ohm | Logitech G933

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

I was thinking the same thing!!! he looked like he was trying the whole second half to not laugh. probably took out a few mil and hid it under his pillow.

 

 

Does anyone on wall street have any?

Is anyone else stupid enough to just blatantly steal money without at least coming up with a scheme of sorts? He's a little different in that regard at least. xD

"Her tsundere ratio is 8:2. So don't think you could see her dere side so easily."


Planing to make you debut here on the forums? Read Me First!


unofficial LTT Anime Club Heaven Society

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

If they didn't do self research into the exchange they were using's history then shame on them. You never play with money you can't afford to lose, don't complain when you lose it. A online wallet is not a bank account or a brokerage account, and the whole reason cyrptocurrencies are popular is because its a anonymous exchange currency. If you lost money because you had it stored on Mt.Gox you shouldn't complain. 

 

In other news, the bitcoin volatility recently is splendid great opportunities to make money. 

 

Genuine LOL: Virtually every single modern bank everywhere works exactly on that principle: playing with money you can't afford to lose. They even have a fancy name for it it's called Fractional Reserve Banking, look it up.

-------

Current Rig

-------

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

For those of you who think that this is the death of bitcoin you are VERY wrong.

Mount Gox was at one point the largest trader.  Before it's first failure (when btc was around $1000) there were 2 other traders the same size or larger.

Bitcoin is durable.

For the Best builds and Price lists here is a world where many points of the price have been predefined already for your convenience!

The Xeon E3 1231 V3 IS BETTER Than the Core i5 4690K and a Significantly better value for the non-overclockers or value shoppers.

The OS is like a kind food, Try it before saying if you like it or don't.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Genuine LOL: Virtually every single modern bank everywhere works exactly on that principle: playing with money you can't afford to lose. They even have a fancy name for it it's called Fractional Reserve Banking, look it up.

I don't understand your point... I'm saying a online wallet isn't like a bank or a brokerage account. And you shouldn't play with money you can't afford to lose. I said nothing about how banks operate... 

Like watching Anime? Consider joining the unofficial LTT Anime Club Heaven Society~ ^.^

 

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Genuine LOL: Virtually every single modern bank everywhere works exactly on that principle: playing with money you can't afford to lose. They even have a fancy name for it it's called Fractional Reserve Banking, look it up.

Uhm... That's not what he's talking about at all. What he was referring to was PEOPLE (clients, consumers, buyers, sellers) buying or trading bitcoins. Don't buy into BTC unless you can afford to lose that money. It's like investing in a high risk venture or gambling at a casino.

 

Also, the big difference, even if that's what he was talking about, is that bank accounts (At least in Canada) are insured. I believe most Canadian bank accounts are insured for up to $100,000 in particular. This means that if that money is stolen or somehow lost, you can get it back via the federally mandated insurance. NOW with that in mind, if everyones money is lost, then obviously you won't get it back - but if that happens, then the economy would collapse anyway and we'd have bigger worries.

 

I don't understand your point... I'm saying a online wallet isn't like a bank or a brokerage account. And you shouldn't play with money you can't afford to lose. I said nothing about how banks operate... 

Yeah he doesn't understand what you were saying.

For Sale: Meraki Bundle

 

iPhone Xr 128 GB Product Red - HP Spectre x360 13" (i5 - 8 GB RAM - 256 GB SSD) - HP ZBook 15v G5 15" (i7-8850H - 16 GB RAM - 512 GB SSD - NVIDIA Quadro P600)

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Money just... poof! Just like how money is created... poof!

Mobo: Z97 MSI Gaming 7 / CPU: i5-4690k@4.5GHz 1.23v / GPU: EVGA GTX 1070 / RAM: 8GB DDR3 1600MHz@CL9 1.5v / PSU: Corsair CX500M / Case: NZXT 410 / Monitor: 1080p IPS Acer R240HY bidx

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

This is not a joke. I Understand that peoples money has been stolen. I honestly feel very bad about that but you wanted anonomous and unregulated currency....You got it.

 

Crypto currencies have massive potential, but I just find the blind faith of some bitcoin users to be laughable. Go to any bitcoin section on any online forums from a few days back and you will see tons of people "laughing off" this threat and telling everybody that they were stupid to panic.

 

The bitcoin community seems to be incapable of a realistic assesment of their currency.

The Mistress: Case: Corsair 760t   CPU:  Intel Core i7-4790K 4GHz(stock speed at the moment) - GPU: MSI 970 - MOBO: MSI Z97 Gaming 5 - RAM: Crucial Ballistic Sport 1600MHZ CL9 - PSU: Corsair AX760  - STORAGE: 128Gb Samsung EVO SSD/ 1TB WD Blue/Several older WD blacks.

                                                                                        

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

For those of you who think that this is the death of bitcoin you are VERY wrong.

Mount Gox was at one point the largest trader.  Before it's first failure (when btc was around $1000) there were 2 other traders the same size or larger.

Bitcoin is durable.

 

 

Sorry, but what do you base this on? I have no clue what so ever, but neither do you.

The Mistress: Case: Corsair 760t   CPU:  Intel Core i7-4790K 4GHz(stock speed at the moment) - GPU: MSI 970 - MOBO: MSI Z97 Gaming 5 - RAM: Crucial Ballistic Sport 1600MHZ CL9 - PSU: Corsair AX760  - STORAGE: 128Gb Samsung EVO SSD/ 1TB WD Blue/Several older WD blacks.

                                                                                        

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

1) Bitcoin is not dead, the Mt.Gox market is.

 

2) Why do people keep any considerable amount of cryptocurrency in online wallets?

PC: Ryzen 5 2600 // 16 GB Corsair 3200 // MSI RX 580 8 GB // 500 GB WD Blue M.2 (sata) // Silverstone Raven RVZ03B // Fedora 33

LAPTOP: i7 5700HQ // 16 GB Kingston 1866 // GTX 970M // 250 GB Samsung 850 EVO M.2 // 1 TB HDD // Windows 10

ETC: (2) Dell U2515H (2560x1440) // Corsair K63 // Logitech G603 // FiiO E10 // Beyerdynamic DT 770 PRO (250 ohm) // Audio Technica ATH-M60x

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

-snip-

Yup you've got your facts down right. Thanks for clearing that up~

Like watching Anime? Consider joining the unofficial LTT Anime Club Heaven Society~ ^.^

 

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

Yup you've got your facts down right. Thanks for clearing that up~

No problem. It's the trade-off of fiat currency vs anonymous/unregulated/crypto-currency. It's unregulated, therefore it's not backed or insured or protected. Each system has their benefits. I think the key is finding a balance between some regulation for consumer protection. Ideally every user would know and accept the risks, but people aren't that smart as a whole.

For Sale: Meraki Bundle

 

iPhone Xr 128 GB Product Red - HP Spectre x360 13" (i5 - 8 GB RAM - 256 GB SSD) - HP ZBook 15v G5 15" (i7-8850H - 16 GB RAM - 512 GB SSD - NVIDIA Quadro P600)

 

Link to comment
Share on other sites
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing Tech News

×