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The Almighty Buck

Mt. Gox Knew It Was Selling Phantom Bitcoin 2 Weeks Before Collapse 263

Posted by timothy
from the but-y'know-what-the-heck dept.
An anonymous reader writes "Mt. Gox CEO Mark Karpeles wrote in a sworn declaration in the company's U.S. bankruptcy filing he suspected hundreds of thousands of bitcoins were missing on Feb. 7, more than two weeks before it finally halted trading. That means Mt. Gox allowed its customers to continue trading, knowing that its bitcoin stash was wiped out and collecting as much as US$900,000 in trading fees. Since Mt. Gox said it was also missing $27.3 million in cash from customer deposits, it raises the possibility that customers — despite seeing a cash balance displayed in their account — might have actually been buying bitcoins that did not exist, with cash that was already long gone."

Comment: Re:Pay good money to get there, but be bad at it? (Score 1) 253

by drsquare (#46381599) Attached to: Blizzard To Sell Level 90 <em>WoW</em> Characters For $60

Levelling is so removed from raiding that they're basically two different games. You can level a warrior and a priest to level 90 without ever once having had to grab aggro or heal another player.

If anything, levelling might teach you things that don't work in a dungeon. A tank might run away from a boss when low on health because that's what he does when fighting mobs in a zone, he's not expecting a heal.

Sigmund Freud is alleged to have said that in the last analysis the entire field of psychology may reduce to biological electrochemistry.