Mt.Gox "finds 200K BTC in old wallets"

600watt

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Quote from: sgbett on March 23, 2014, 04:13:29 PM

Quote from: sgravina on March 23, 2014, 08:19:55 AM

I haven't seen my wife and kids in years. This morning I finally found them. Turns out they have been living with me the whole time.

bitcointalk can do that to ya' aye

i told my wife i stopped smoking, alcohol and carbonated soft drinks. she looked at me kind of amazed, but encouraging. when i added that
i will also stop checking bitcoin charts and stop using bitcointalk she raised her brows and shook her head silently.

sgbett

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Quote from: sgravina on March 23, 2014, 08:19:55 AM

I haven't seen my wife and kids in years. This morning I finally found them. Turns out they have been living with me the whole time.

bitcointalk can do that to ya' aye

sgravina

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I haven't seen my wife and kids in years. This morning I finally found them. Turns out they have been living with me the whole time.

piramida

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Borsche

Quote from: sgbett on March 21, 2014, 07:26:49 PM

...and I make two.

This whole "everyone will dump coins" hypothesis doesn't seem too solid

make that three. right now, my coins at gox changed from a short-term speculative coins to a very long-term (possibly infinitely long Wink

) investment. definitely not going to sell anything when (if) something gets paid back, these are considered lost now and will go to long-term cold storage if retrieved.

syber

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Quote from: fran2k on March 21, 2014, 11:41:45 PM

Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!

Must be a comfortable nights sleep.

Honestly don't know why this guy is still even alive. Isn't that what the silk road is for? Grin

FastBluff

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https://fastbluff.com/

Quote from: fran2k on March 21, 2014, 11:41:45 PM

Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!

Kinda hard to misplace that.. Blind? lol

fran2k

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Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!

chessnut

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Quote from: yogi on March 21, 2014, 06:28:18 PM

Quote from: traderCJ on March 21, 2014, 06:20:28 PM

Herd mentality.

Bollocks.

why bollocks? we are talking about a bunch of speculators here, and some coins that are only worth what the next guy will pay.

why will bitcoin reach $10,000? herd mentality. why? because it will still be speculator driven by $10,000.

sgbett

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...and I make two.

This whole "everyone will dump coins" hypothesis doesn't seem too solid

yogi

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Hamster ate my bitcoin

Quote from: traderCJ on March 21, 2014, 06:38:58 PM

I hope you follow your own advice, I really do.

I haven't given any advice.

I'm a gox creditor and I have no intention of dumping any coins I may get back.

traderCJ

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I hope you follow your own advice, I really do.

yogi

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Hamster ate my bitcoin

Quote from: traderCJ on March 21, 2014, 06:20:28 PM

Herd mentality.

Bollocks.

traderCJ

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Quote from: yogi on March 21, 2014, 06:17:14 PM

Quote from: traderCJ on March 21, 2014, 06:15:38 PM

Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Why would they dump them?

Herd mentality. They expect everyone else to do the same and will try to beat them to the punch. Will everyone sell? No, but enough will. We saw the same hysteria as Gox imploded.

yogi

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Hamster ate my bitcoin

Quote from: traderCJ on March 21, 2014, 06:15:38 PM

Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Why would they dump them?

traderCJ

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Scenario 1: Coins get liquidated by Gox to cover corporate fiat obligations.
Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Outcome in both scenarios, price drop. The whales see this, and this is why the price has been dropping in advance of the coins actually being sold by either Gox or their customers. In fact, Gox "losing" the coins saved us from a much, much harder fall. Now they're "finding" coins, which simply means more uncertainty.

akujin

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What if he one day announce that he found all the missing bitcoins? Will he still go to jail? Grin

chessnut

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He just forgot that he sent some funds to his android phone for starbucks coffee. last week he remembered the password that he'd forgotten for ages. it was magicaltux.

Mad Scientist

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Quote from: Bonam on March 21, 2014, 01:11:52 PM

It is completely not credible that they could simply have forgotten about 200k BTC in an "old wallet". Seriously, they should have come up with a better lie. How could they think anyone would buy that?

^This^

DustyRah

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No one will trust Bitcoins any more in terms of business transactions because there is no way to track it. If I had a business, I would simply declare it hacked and walk away with all the Bitcoins in an unknown and untraceable wallet.

Huh

?

Wilhelm

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Maybe Mark Kapeles's mom was cleaning and found it behind the cupboard.

200KBTC == $116600000 == $116M YOU DON'T "JUST" LOSE THAT!!!!!

Bonam

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It is completely not credible that they could simply have forgotten about 200k BTC in an "old wallet". Seriously, they should have come up with a better lie. How could they think anyone would buy that?

esse83

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So I was rereading the crisis draft and then suddenly:

"We will need to inject fresh coins inside the system in order to establish a basis to eventually clear the books by running the exchange (perhaps 200,000 coins). " <-- Bam!

Well well well, look at that.

DubFX

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Quote from: Predatorian on March 21, 2014, 11:01:07 AM

Quote from: Roccker on March 21, 2014, 10:36:44 AM

850 000 bc lost
Now 200 000 bc found again

So every costumer gets about 1/4th of his bitcoins back?

Would be really nice if that gonna be happen, but who knows which part of stolen btc they ''found''.
Good luck for all people who lost Bitcoin in gox.

I think that they found "their" one.

Predatorian

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Quote from: Roccker on March 21, 2014, 10:36:44 AM

850 000 bc lost
Now 200 000 bc found again

So every costumer gets about 1/4th of his bitcoins back?

Would be really nice if that gonna be happen, but who knows which part of stolen btc they ''found''.
Good luck for all people who lost Bitcoin in gox.

DubFX

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Quote from: nick32768 on March 21, 2014, 06:47:09 AM

Quote from: anu on March 21, 2014, 06:41:55 AM

The mother of all crashes.

I'm waiting for it.
In 3 days the Aurora Coins will go live and then we will see its real value... near zero ?

Nick.

What does lead you to this...bitcoin will not fall or atleast not that soon.

Also abut this gox...just rofl i'm glad i never invested into them.

Roccker

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850 000 bc lost
Now 200 000 bc found again

So every costumer gets about 1/4th of his bitcoins back?

bennybong

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Quote from: piramida on March 21, 2014, 10:04:55 AM

Quote from: bennybong on March 21, 2014, 09:57:26 AM

Mark is just realsing that he cannot keep this bullshit up, there's no fooling the btc community.... the media maybe, but not us.... so he's forfeitng some of his booty to keep the authorities happy. Now he just has to 'find' the rest.

I sometimes wish we were still in medieval times. Such problems were easily solved in minutes back then with some fire and metal sticks. Refreshes memory better than any amount of lawsuits.

Send him to the Tower of London! I'm 5 minutes away from there and would be happy to 'extract' my bitcoins from him! Wink

piramida

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Borsche

Quote from: bennybong on March 21, 2014, 09:57:26 AM

Mark is just realsing that he cannot keep this bullshit up, there's no fooling the btc community.... the media maybe, but not us.... so he's forfeitng some of his booty to keep the authorities happy. Now he just has to 'find' the rest.

I sometimes wish we were still in medieval times. Such problems were easily solved in minutes back then with some fire and metal sticks. Refreshes memory better than any amount of lawsuits.

bennybong

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Activity: 682

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It's too be expected but that new statement is just such bollocks!

Quote

MtGox Co., Ltd. had certain oldformat wallets which were used in the past and which, MtGox thought, no longer held any bitcoins.

We're talking 200,000BTC here.... No way you can just forget about them/lose them/assume they're not there.

Mark is just realsing that he cannot keep this bullshit up, there's no fooling the btc community.... the media maybe, but not us.... so he's forfeitng some of his booty to keep the authorities happy. Now he just has to 'find' the rest.

These btc /should/ legally belong to us customers... Will we ever see any them again? That's the BTC750,000 question.

masterluc

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This reminds me wall street head lines

Oil, natural gas prices fall as supply reports spur worries over demand
Oil Futures Sag on Plentiful Supplies
...etc

Grin

piramida

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Borsche

Quote from: 600watt on March 21, 2014, 07:16:53 AM

back to topic:

it is a b s o l u t e l y impossible to understand how 200 000 coins can get "lost" unnoticed.

maybe the authorities found some of the coins mk tried to steal and the "uups they were lost" story is a cover-up Huh

Yep that looks like it. Either that, or he is a careless moron of cosmic proportions. I'd go with "tried to steal but got caught by the hand", though. To still have faith in humanity

However that still makes him a moron, as he should have waited for several years. But that's on understandable scale of stupidity. Other way, someone who runs a largest exchange but does not know balance of their own address which has 10% of all bitcoins ever mined at that point in time, and never in 4 years recalls where that coins went to, that would be just a ridiculous assumption, which would explain alot of unexplainable things in the whole MtGox situation, but raise much more questions. Like, how he managed to not forget how to breathe for so long.

Asrael999

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Quote from: 600watt on March 21, 2014, 07:16:53 AM

Quote from: UnDerDoG81 on March 21, 2014, 06:52:36 AM

I was wondering that there is no thread about this topic here. Have read it in the german news 3 hrs ago. On golem.de or heise.de you can almost read weekly something new about Bitcoins. I count this as a good sign that Bitcoin will go mainstream soon.

you are right. mainstream media is writing about bitcoin everyday in germany. just google bitcoin in the news section.

back to topic:

it is a b s o l u t e l y impossible to understand how 200 000 coins can get "lost" unnoticed.

maybe the authorities found some of the coins mk tried to steal and the "uups they were lost" story is a cover-up Huh

articles in The Economist on bitcoin as well this week.

alexeft

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Quote from: Tugbit on March 21, 2014, 06:29:40 AM

https://www.mtgox.com/img/pdf/20140320-btc-announce.pdf

http://www.hln.be/hln/nl/942/Economie/article/detail/1825128/2014/03/21/Mt-Gox-vindt-voor-86-miljoen-euro-aan-bitcoins-in-oude-portemonnees.dhtml (Dutch)

He "lost" them? Huh

sgbett

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Interesting, could mean a return of 0.11-0.23BTC on the goxcoin. Depending on how fat the lawyers cut is Wink

600watt

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Quote from: UnDerDoG81 on March 21, 2014, 06:52:36 AM

I was wondering that there is no thread about this topic here. Have read it in the german news 3 hrs ago. On golem.de or heise.de you can almost read weekly something new about Bitcoins. I count this as a good sign that Bitcoin will go mainstream soon.

you are right. mainstream media is writing about bitcoin everyday in germany. just google bitcoin in the news section.

back to topic:

it is a b s o l u t e l y impossible to understand how 200 000 coins can get "lost" unnoticed.

maybe the authorities found some of the coins mk tried to steal and the "uups they were lost" story is a cover-up Huh

UnDerDoG81

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Activity: 2186

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I was wondering that there is no thread about this topic here. Have read it in the german news 3 hrs ago. On golem.de or heise.de you can almost read weekly something new about Bitcoins. I count this as a good sign that Bitcoin will go mainstream soon.

nick32768

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