"Whew, wondered where we'd put those 200,000 BTC!"

Sylvester Liang boyscity at gmail.com
Fri Mar 21 07:36:35 PDT 2014


Try asking gox if they lend you the 200,000 BTC to do that.


On Fri, Mar 21, 2014 at 7:50 PM, Kelly John Rose <iam at kjro.se> wrote:

> On Thu, Mar 20, 2014 at 11:25 PM, jim bell <jamesdbell9 at yahoo.com> wrote:
>
>>
>> http://www.engadget.com/2014/03/20/mt-gox-apparently-found-200-000-bitcoin-in-an-old-wallet-shoul/?ncid=txtlnkusaolp00000589
>>
>> "In a bit of news that's familiar to anyone who ever put on an old jacket
>> and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a
>> fortuitous discovery. The company announced (PDF)<https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf> in
>> Japan that it found 200,000 Bitcoin (worth nearly $116 million at the
>> moment) in a wallet from 2011 that it no longer used. That's less than a
>> quarter of the 850,000 Bitcoins CEO Mark Karpeles reported were missing,
>> but at the moment, at least it's something. According to its statement, the
>> coins were moved to online wallets on the 7th, and then to offline wallets
>> on the 14th and 15th. The mystery of what happened to Mt. Gox's funds<http://www.engadget.com/2014/03/11/mt-gox-us-assets-frozen/> is
>> still far from solved, but between this news and reports of updated balances
>> for account holders<http://www.engadget.com/2014/03/17/mt-gox-login-page-returns/>,
>> it seems possible that there's something to be recovered from the shuttered
>> exchange. Next up, removing all of the cushions from the sofa and pulling
>> it away from the wall."
>>
>>
>>
> If that doesn't inspire confidence in you, I don't know what will!
>
> Honestly, I really wonder what would happen if some developers who
> understand financial cryptography and how banks properly work built a real
> bitcoin exchange. Considering how well it has done with incompetents like
> this, I'm betting a properly programmed and vetted system may be quite
> successful.
>
> Too bad I don't have 200,000 BTC to do just that.
>
> --
> Kelly John Rose
> Twitter: @kjrose
> Skype: kjrose.pr
> Gtalk: iam at kjro.se
> MSN: msn at kjro.se
>
> Document contents are confidential between original recipients and sender.
>
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