[jr2]

http://gizmodo.com/mt-gox-is-filing-for-bankruptcy-protection-1533202032

[redsniper]

This situation is highly ferrous.

[Luis Dias]

Schadenfreude doesn't quite reach the levels I'm feeling now.

[Phantom Hoover]

Sadly the bitcoin community seems to have neatly integrated this into their rigorous system of denial and trundled on with business as usual (that is, a steady decline in prices ever since the bounce-back from the Great Crash of China).

[Luis Dias]

"sadly"? Never try to impede natural selection at work, especially when the Darwin award nominees are so adamantly invested on being selected!

[Phantom Hoover]

Sadly because I want to see Bitcoin go down in glorious flames, not limp along slowly decaying.

[Luis Dias]

It is going down in flames! Hundreds of millions of dollars worth were just "lost" in Mt Gox? It's burning already and the funny part is they don't even realise it.

[yuezhi]

All aboard the Ferrous Wheel!

[Mongoose]

lol Monopoly money

[MP-Ryan]

63.6 million in debt associated with the bankruptcy filing.  Awesome.

I can't help but cheer for some friends of mine who mined them initially, hung on until they were selling for $$$$, and then promptly sold them off and bailed out.

[yuezhi]

I thought this was funny but I didn't know it was deep:
http://explosm.net/db/files/Comics/Rob/givemeyourcash.png

[headdie]

/shrug

what can i say other than.... not bothered

[S-99]

I am bothered by this story. A lot of people should be.  This has nothing to do with problems of bitcoin at all, but rather a shady company.

It's very very similar to how MF Global shutdown, client money went missing, and bankruptcy filed days later. MF Global was to the tune of $1.6 billion missing. As the case was with MF Global is all too similar with Mt. Gox for having a barely detailed reason that really only outlines "poof" for what happened to client and company funds, and quick to file for bankruptcy.

[Phantom Hoover]

Except MF Global's relative stature in global finance was nowhere near that of Mt. Gox in the Bitcoin market.

[S-99]

They still had their near identical similarities. I'm not suggesting past MF Global had anything to do with Mt. Gox of course.

[666maslo666]

Bitcoin will survive this. The price is stabilised at about $500-600 now for a week. I just hope this will teach the bitcoin community to be careful about the choice of an exchange (that Mt. Gox is not very trustworthy was known known long ago) and most importantly, to not keep big sums of money in an exchange.

By the way, the total sum lost could be around half a billion

http://online.wsj.com/news/articles/SB10001424052702303801304579410010379087576?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303801304579410010379087576.html

[S-99]

Now what about mt. gox's clients money that just vanished.

[The E]

Mostly gone, I assume.

[Phantom Hoover]

turns out this was still the government's fault anyway

[The E]

Of course! How dare the government have rules and regulations to stop things like this MtGox debacle from happening! Never mind the shoddy coding of the site, or the lack of a track record for the operators, it must be the government Doing It Wrong AGAIN!