Those 500K Bitcoins that caused the flash crash weren't real

Re:Those 500K Bitcoins that caused the flash crash weren't real by mcbarry on Thursday June 30, 2011 @10:32PM (#2716748)

A reminder that MTGOX originally stood for "Magic The Gathering Online eXchange". When a site designed for trading cards online turns into the world's biggest Bitcoin exchange you better believe there's not going to be an appropriate level of security underneath it.

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Re:Those 500K Bitcoins that caused the flash crash weren't real by ubernostrum on Friday July 01, 2011 @04:59AM (#2717577)

A reminder that people who make sweeping generalizations about subcultures they like to make fun of aren't worth listening to.

(also: http://news.ycombinator.com/item?id=2697975)

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Re:Those 500K Bitcoins that caused the flash crash weren't real by jokermatt999 on Friday July 01, 2011 @10:32AM (#2718462)

It doesn't really seem like a dig at the MtG subculture, IMO. It's just natural that a trading card site probably would focus less on security than a financial institution. This has nothing to do with the people or the hobby involved, and more to do with the fact that pretty much nothing needs as much attention to safety as a bank/currency storage.

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Re:Those 500K Bitcoins that caused the flash crash weren't real by swombat on Friday July 01, 2011 @05:00AM (#2717578)

Hah, I didn't know that. I thought it stood for "Mount Gox", a play on "Fort Knox"...

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