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Mr. Martinez

By Mr. Martinez
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In this game you have to sign up to the white list and ask questions later because there are some projects you don't think are all that but they end up having ridiculous hype once the white list is cl

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MtGox left in a huge vulnerability in their system which people knew was possible with Bitcoin since 2011 - which can let people duplicate transactions so they'd get paid out twice, they've only just discovered people have been using this on their exchange and so they locked everything off so people can't withdraw their coins. This has reduced the general market price by like a third, and MtGox's rate by more than two thirds. 

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First Bitcoin shop opens its doors here in the City of London

 
Akin%20Fernandez.jpg?itok=RRfPYLGO
BITCOIN, Bitcoin, Bitcoin – not a day goes by when the pioneering cryptocurrency isn’t dominating headlines, but actually getting hold of the virtual coinage is still relatively difficult for most people (The Capitalist included). 
 
But that might be about to change. There’s now a Bitcoin shop (Europe’s first). And it’s in the City  – well, one street outside the official boundaries on Goulston Street, Aldgate. 
 
We ventured down to the store, Azteco, yesterday to see what it was all about. What does a Bitcoin shop look like? Well, picture a large room, white walls and one desk – with a man hunched over a laptop – that’s it. 
 
You walk in, pay some money and founder Akin Fernandez prints out a voucher with your Bitcoin code. “I wanted to set up the store to demonstrate this new easy way of buying Bitcoin,” Fernandez told The Capitalist. 
 
“Usually it takes weeks but this system is really easy; you redeem your voucher within five minutes and you’ve got your Bitcoin.”
 
Fernandez has set up Azteco by himself – a former publisher, he developed the core software involved and is hoping to open more stores, starting with Mexico and Sierra Leone. He has already suffered a hiccup though. 
 
Fernandez had planned for people to redeem their voucher while in the shop using Bitcoin apps wallet like Blockchain but last week, Apple banned the apps. “People with Android phones can still use the apps in-store and see their Bitcoins appear in their wallet, but those with iPhones now have to download a Bitcoin wallet on a computer and redeem it that way.” 
 
Which is exactly what The Capitalist intends to do now, with our haul of 0.005 Bitcoins. Watch a video tour of the store.
 

 

 

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lol, quite a few people reckon mtgox is gonna go under

 

could not put my p into that and just let it sit in there, madness.

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And its gone.... Please dont tell me any of you invested

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Mt. Gox Allegedly Loses $350 Million in Bitcoin (744,400 BTC), Rumoured to be Insolvent

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Saw that guy on the news who had travelled to Japan to confront the guys at the Mt.Gox offices. Said he lost 300k +

Why would he have that huge amount stored on there?

 

prob day trading 

 

cant be drawing out that amount of cash on a regular basis if you are deep in the game and paying them mad withdrawal fees, and the longness of transferring that many coins in and out

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Gox declared bankruptcy 

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