On Thu, Mar 20, 2014 at 11:25 PM, jim bell <[email protected]> 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: [email protected] MSN: [email protected] Document contents are confidential between original recipients and sender.
