Mt. Gox lost $600 Million
in Bitcoins, but it hopes to make good by giving half the proceeds from its upcoming auction sale of the Bitcoins.com domain to people impacted by the Mt. Gox bankruptcy. The current high bid is $185,000
"We are hoping, with the sale of Bitcoins.com, to provide some relief to the people impacted by the Mt. Gox bankruptcy,” said Mark Karpeles, founder of the failed Bitcoin exchange Mt. Gox, “and will be putting at least half of the sale amount toward that purpose.”
Heritage Auctions is expecting the high bid to be at least $750,000. Let's be generous and assume Karpeles gets $1,200,000 and gives half of that to former Mt. Gox customers. They would get 1/10th of a cent for every dollar they lost. For example, someone who lost $100,000 would get $100.
The Princeton Bitcoin Book by Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller and Steven Goldfeder is a free download — it’s over 300 pages and is intended for people “looking to truly understand how Bitcoin works at a technical level and have a basic familiarity with computer science and programming.”
Bitcoin Savings & Trust founder Trendon Shavers pleaded guilty to fraud over his company’s Ponzi scheme, whose victims believed they would earn one percent interest every three days — an annual rate of 3,641 percent.
Mark Karpeles, the operator of Bitcoin exchange/scam Mt. Gox, was charged Friday with embezzlement in connection to its collapse.
If you’ve been blessed enough to avoid them yourself, you’ve definitely heard the horror stories. Late night, crushing out a ton of work, writing, coding, anything, then boom – your computer crashes. The battery blows, you spill water or coffee all over the place, or it just shuts down with no explanation, and you’re screwed. […]
You travel around a lot. It might be that jet set life from New York to LA to London to Tokyo, or it might be back and forth from the coffee shop to the office, or from the kitchen to the couch. Any which way, you’re mobile and that’s the way to live. When you […]
It’s 2016 and we like our technology really small. Our phones fit in our pockets, our remotes are lighter than ever, and even our cars seem to be shrinking. So your new drone shouldn’t be an exception. This Axis VIDIUS Drone is 21% off right now and it’s so little, your biggest problem won’t be […]