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

rysiek rysiek at hackerspace.pl
Fri Mar 21 07:59:52 PDT 2014

Dnia piÄ…tek, 21 marca 2014 08:20:02 Kelly John Rose pisze:
> 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.

I'm betting the exactly other way. "First to the market" and some snakeoil 
usually, unfortunately, win by leaps and bounds with "well-designed and 
properly implemented".

-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 316 bytes
Desc: This is a digitally signed message part.
URL: <https://lists.cpunks.org/pipermail/cypherpunks/attachments/20140321/fd1570f4/attachment-0002.sig>

More information about the cypherpunks mailing list