Friday, February 28th, 2014

Mt. Gox Topples

WHAT YOUR SHIT IS WORTH NOWSo long, Mt. Gox! Early this morning our time, the Bitcoin exchange announced it was entering bankruptcy protection. What was Mt. Gox? It was a dreaaaammmmm. And how:

"The company's lawyers added that Mt.Gox may have lost nearly all of its virtual currency, leading to a black hole of 2.8 billion Japanese yen, local media reported."

4 Comments / Post A Comment

BadUncle (#153)

I bought a bitcoin a couple of years ago, out of novelty. I forgot about it until this week. Theoretically, I'm out $586, though my actual loss is about $3. Mt. Gox owes me train fair.

saythatscool (#101)

@BadUncle You'll get nothing and like it!

riotnrrd (#840)

Who would have thought that an unregulated market in an untracable, intangible good would go bad?!?!?!

Smitros (#5,315)

Many of us were protected by refusing to invest in something we didn't understand. Regular money is already confusing enough.

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