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A comment on $4.1m goes missing as Chinese bitcoin trading platform GBL vanishes. Parent comment

Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by smsm42 on Tuesday November 12, 2013 @04:32AM (#6716736)
Assets are matched with liabilities. E.g. I may have an asset worth $1M - namely, my house (I don't, but a man can dream :). Now am I rich or not? It depends. If I owe nothing on the house, I'm in a pretty good shape. If I have a liability of $1.5M mortgage, I'm deeply in the red.
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Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by Sniperfish on Tuesday November 12, 2013 @08:35AM (#6717678)
Assets are matched with liabilities + stockholder equity, not just liabilities. (Balance Sheet equation is Assets = Liabilities + Stockholder Equity)
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