After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned (www.wired.com)
from jeffw@lemmy.world to technology@lemmy.world on 06 Jul 2024 02:50
https://lemmy.world/post/17270964

#technology

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db2@lemmy.world on 06 Jul 2024 02:52 next collapse

Well that’s a lot of burned coin then.

MeatsOfRage@lemmy.world on 06 Jul 2024 03:02 next collapse

I wish I lost one of those $100 bitcoins in there

jqubed@lemmy.world on 06 Jul 2024 03:52 next collapse

Though he later secured a loan to finish college, Daniel [a pseudonym] resorted for a time to credit card fraud to replace the stolen funds, telling himself that no harm would come to the individual card owners, who were insured.

Fraud victim commits additional fraud

NOT_RICK@lemmy.world on 06 Jul 2024 13:41 next collapse

Quick, someone explain to this guy how insurance premiums work. The cost is always passed down to the consumer, one way or another

technocrit@lemmy.dbzer0.com on 06 Jul 2024 16:11 next collapse

Fraud victim commits additional victimless fraud

billiam0202@lemmy.world on 06 Jul 2024 16:24 collapse

Running a red light in the middle of nowhere with no traffic is a victimless crime.

Intentionally causing additional monetary damages on someone is not. Even if the cardholders didn’t have to pay for his fraud, somebody has to.

AdamEatsAss@lemmy.world on 06 Jul 2024 17:25 collapse

Running a red light is not a victimless crime. You will condition yourself to run red lights when you think there is no one is there. This will lead to you hitting and killing a pedestrian that you didn’t see. Be an adult and just wait the 30 seconds for the light to change. Why risk it? #FUCKCARS

billiam0202@lemmy.world on 06 Jul 2024 17:52 collapse

Did you hurt yourself making that leap of logic there, Sparky?

rc__buggy@sh.itjust.works on 06 Jul 2024 04:21 collapse

I LEARNED IT FROM WATCHING YOU!

ShittyBeatlesFCPres@lemmy.world on 06 Jul 2024 04:24 next collapse

I’ve just been saying what the world most needs now is a bunch of fucking morons with lots of money. Things aren’t nearly ignorant enough.

macrocephalic@lemmy.world on 06 Jul 2024 04:53 next collapse

You think this will make much difference? It’s not like the current morons with money are doing a bang-up job.

Mubelotix@jlai.lu on 06 Jul 2024 07:54 next collapse

There is always the same amount of wealth, it’s just been transferred from already rich people to dudes that were poor before

NOT_RICK@lemmy.world on 06 Jul 2024 13:42 collapse

The least one of these dickheads could do is greenlight Ow My Balls already

aramis87@fedia.io on 06 Jul 2024 04:36 next collapse

Wasn't it MtG OX?

Deello@lemm.ee on 06 Jul 2024 06:15 collapse

Are you suggesting a Bitcoin exchange also dabbles in selling Magic cards?

aramis87@fedia.io on 06 Jul 2024 06:37 next collapse

Wikipedia:

In late 2006, programmer Jed McCaleb thought of building a website for users of the Magic: The Gathering Online tradable card game service, to let them trade "Magic: The Gathering Online" cards like stocks.[13][14][4] In January 2007, he purchased the domain name mtgox.com, short for "Magic: The Gathering Online eXchange".[15][16][17][18] Initially in beta release,[19] sometime around late 2007, the service went live for approximately three months before McCaleb moved on to other projects, having decided it was not worth his time. In 2009, he reused the domain name to advertise his card game The Far Wilds.[20]

In July 2010, McCaleb read about bitcoin on Slashdot,[21] and decided that the bitcoin community needed an exchange for trading bitcoin and regular currencies. On 18 July, Mt. Gox launched its exchange and price quoting service deploying it on the spare mtgox.com domain name.[14][22]

I'm not sure when people started to refer to it as Mt Gox.

jonne@infosec.pub on 06 Jul 2024 06:37 collapse

It was the other way around actually. It was a Magic The Gathering forum that dabbled in Bitcoin on the side.

EngineerGaming@feddit.nl on 06 Jul 2024 06:49 next collapse

remember kids, not your keys, not your coins

shortwavesurfer@lemmy.zip on 06 Jul 2024 21:24 collapse

Exchanges are akin to public toilets. Get in, do your business and get the fuck out. You wouldn’t hang around in a public toilet, so don’t keep your money on an exchange. Especially don’t be dumb enough to keep your money on a centralized exchange.

rottingleaf@lemmy.zip on 06 Jul 2024 13:24 collapse

As the famous Russian saying goes, “suckers are not mammoths, suckers won’t go extinct”.