After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned
After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned
Former customers of bankrupt crypto exchange Mt. Gox are preparing to be reunited with their lost bitcoin—and it’s a $9 billion windfall.
Though he later secured a loan to finish college, Daniel [a pseudonym] resorted for a time to credit card fraud to replace the stolen funds, telling himself that no harm would come to the individual card owners, who were insured.
Fraud victim commits additional fraud
Quick, someone explain to this guy how insurance premiums work. The cost is always passed down to the consumer, one way or another
I LEARNED IT FROM WATCHING YOU!
remember kids, not your keys, not your coins
Exchanges are akin to public toilets. Get in, do your business and get the fuck out. You wouldn't hang around in a public toilet, so don't keep your money on an exchange. Especially don't be dumb enough to keep your money on a centralized exchange.
I’ve just been saying what the world most needs now is a bunch of fucking morons with lots of money. Things aren’t nearly ignorant enough.
You think this will make much difference? It's not like the current morons with money are doing a bang-up job.
The least one of these dickheads could do is greenlight Ow My Balls already
There is always the same amount of wealth, it's just been transferred from already rich people to dudes that were poor before
I wish I lost one of those $100 bitcoins in there
Well that's a lot of burned coin then.
As the famous Russian saying goes, "suckers are not mammoths, suckers won't go extinct".
Wasn't it MtG OX?
Are you suggesting a Bitcoin exchange also dabbles in selling Magic cards?
In late 2006, programmer Jed McCaleb thought of building a website for users of the Magic: The Gathering Online tradable card game service, to let them trade "Magic: The Gathering Online" cards like stocks.[13][14][4] In January 2007, he purchased the domain name mtgox.com, short for "Magic: The Gathering Online eXchange".[15][16][17][18] Initially in beta release,[19] sometime around late 2007, the service went live for approximately three months before McCaleb moved on to other projects, having decided it was not worth his time. In 2009, he reused the domain name to advertise his card game The Far Wilds.[20]
In July 2010, McCaleb read about bitcoin on Slashdot,[21] and decided that the bitcoin community needed an exchange for trading bitcoin and regular currencies. On 18 July, Mt. Gox launched its exchange and price quoting service deploying it on the spare mtgox.com domain name.[14][22]
I'm not sure when people started to refer to it as Mt Gox.
It was the other way around actually. It was a Magic The Gathering forum that dabbled in Bitcoin on the side.