Mt. Gox says it found 200,000 Bitcoin behind an old filing cabinet in the basement

[Adam]

Mt. Gox Says It Has Found 200,000 Bitcoins Worth About $114 Million

Mt. Gox, the Tokyo-based Bitcoin exchange that collapsed and filed for bankruptcy last month, said it had found 200,000 Bitcoins that were held in an “old-format” wallet, or digital storage file.

Mt. Gox’s former chief executive, Mark Karpeles, issued a statement in Japanese and English on the company’s website saying that after it filed for bankruptcy, it began researching these wallets that were used before June 2011. That is when the company discovered the 200,000 Bitcoins, which represent about 24 percent of the coins that went missing when the site failed.

Last month, Mt. Gox said it had lost 750,000 of its customers’ Bitcoin holdings and more than 100,000 of its own coins, or more than $450 million worth. Based on today’s rates, the found coins are worth about $114 million.

Good grief. What a joke.

[Billy Jingo]

This whole thing is starting to sound like a large, high level attempt by a bored billionaire to educate the masses on how money, all money, really works.

I get it, guys. It's all imaginary.

[Novaheart]

This whole thing is starting to sound like a large, high level attempt by a bored billionaire to educate the masses on how money, all money, really works.

I get it, guys. It's all imaginary.

I have no understanding of bit coin. But hearing about this on the news put it in my awareness, and it being snowbird season I had just gotten a handful of change from Mohammed the corner store keeper, which included a Canadian quarter. So I had accepted a Canadian quarter as acceptable currency, in change from a US five dollar bill. Later that day, I spent that Canadian quarter, and got a US quarter's value for it in Publix supermarket. I was then thinking, if a Canadian quarter is accepted as change and then accepted as payment, in America, then what exactly is the difference between an American quarter and a Canadian quarter and why is the Canadian quarter officially worth less? I felt like I was starting to understand bit coin.

[Norm dePlume]

Have you ever heard how Mt. Gox got its name?

[scott]

This whole thing is starting to sound like a large, high level attempt by a bored billionaire to educate the masses on how money, all money, really works.

I get it, guys. It's all imaginary.

Oh you got that right. It's quite amazing to watch too.

[scott]

Have you ever heard how Mt. Gox got its name?

Severe gamer geeks. the kind that even LARPers and Ren Fairies beat up.