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from the we-promise-we-won't-have-BTC-news-every-day dept.
juggs writes:
"In yet another (un)surprising twist in the ongoing MtGox bitcoin exchange collapse saga, the BBC reports that MtGox has managed to find 200,000 Bitcoins tucked away in a wallet that had been lying unused and assumed empty since 2011.
From the brief FA:
The firm said it found the bitcoins worth around $116m USD (£70m GBP) in an old digital wallet from 2011. That brings the total number of bitcoins the firm lost down to 650,000 from 850,000.
This revelation, as court disclosure hearings are currently in progress, seems to be conveniently timed. Perhaps Mark Karpeles (CEO MtGox) and his legal team think this is a good move, maybe to cast an illusion of incompetence rather than malice in the run up to the no doubt long running court battles ahead in many jurisdictions.
Can even the most incompetent CEO lose track of $116m USD of assets for 3 years or so (~23.529% of the originally claimed lost assets)? I suppose the courts will decide ultimately.
In other Bitcoin related news, Bitcoin Core 0.9.0 was released 19th March 2014: Bitcoin v0.9.0 release
This update apparently closes many transaction malleability loopholes that MtGox alleges are how it was denuded of its assets. Not that it would have helped MtGox in any way, they apparently chose to not update their implementation despite the malleability issues already being publicly aired and functional workarounds being publicized within the Bitcoin community.
(Score: 5, Funny) by RobotMonster on Friday March 21 2014, @09:34AM
I don't see the link between bitcoins and a discontinued brand of cervical cap [wikipedia.org]. :-)
Perhaps you eft a letter out?
But yeah, Mt Gox seems so much more trustworthy now!
(Score: 5, Interesting) by Covalent on Friday March 21 2014, @09:44AM
Uh, yeah...I don't usually play the grammar nazi, but this is really bad editing.
I suggested crowd-sourcing the editing in the IRC chat rooms before SN went live - I reiterate that need today. Submissions should be emailed to 10 random users (just like modpoints) to be scanned for obvious grammatical errors.
You can't rationally argue somebody out of a position they didn't rationally get into.
(Score: 5, Interesting) by spxero on Friday March 21 2014, @10:33AM
I think you're on to something. I wouldn't mind reading the stories ahead of time (similar to something like Firehose) with editing capabilities as long as I or other members remain in good standing. TBH, I'm visiting and reading the site anyway, and I would like to help out where I can.
Every day it seems I get 10 mod points, but I'm only finding a handful that could/should be modded. It would probably complicate things, but what about a 1:1 relationship of edits and moderation? Basically I, a member in good standing, could use my points to mod the comments or edit the story.
(Score: 2) by Open4D on Friday March 21 2014, @02:25PM
The "How often should SoylentNews plan to post stories?" poll [dev.soylentnews.org] comments turned into a broader discussion about the story submission & editing processes.
I don't use IRC, so my suggestion [dev.soylentnews.org] for checking stories was just based on using an email list - at least temporarily.
I emphasize that it's the editors who should make any decisions about what is useful for them. People (like me) who aren't capable or committed enough to be an editor, can just provide ideas and offer some help.
(Score: 3, Funny) by Thexalon on Friday March 21 2014, @09:50AM
'Twas brillig, and the slithy oves?
Every task is easy if somebody else is doing it.
(Score: 4, Funny) by LaminatorX on Friday March 21 2014, @09:52AM
See what I get for trying to fix capitalization.
This is our news site. There are others like it, but this one is ours.
(Score: 2) by RobotMonster on Friday March 21 2014, @10:18AM
That'll learn ya!
(And thanks for fixing it; never saw that happen at the other unmentionable place).
(Score: 4, Informative) by lhsi on Friday March 21 2014, @09:53AM
(Score: 2) by LaminatorX on Friday March 21 2014, @09:56AM
Thank you.
This is our news site. There are others like it, but this one is ours.
(Score: 2) by lhsi on Friday March 21 2014, @10:13AM
Took me a couple of previews to figure that out. Interestingly, € doesn't work (or didn't when I last tried) and you have to use the numbers for the entity instead.
(Score: 1) by Buck Feta on Friday March 21 2014, @10:32AM
> the £ symbol isn't well supported
You wouldn't think it would take much to support a pound.