Timeline for I have/had 31 bitcoins on MtGox; What are my options now?
Current License: CC BY-SA 3.0
24 events
| when toggle format | what | by | license | comment | |
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| Mar 1, 2014 at 3:02 | history | rollback | zaph |
Rollback to Revision 4
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| Feb 27, 2014 at 23:09 | comment | added | Joe Pineda | @Gracchus Kinda. You may read bitcoin.stackexchange.com/questions/10242 as well as questions 11963, 7621 and 7714. | |
| Feb 27, 2014 at 22:40 | comment | added | Joe Pineda | @Zaph I completely agree with you: thank God with BTC you may win big or lose at most your initial investment - with other speculative investments you can lose much more than that. As to losing $400: due to inflation the amount is actually higher, though for accounting purposes I guess that's the most you can claim as a lose. | |
| Feb 27, 2014 at 22:34 | comment | added | Joe Pineda | @Gracchus Ripple's good for a lot of reasons, but it's not the panacea, either. It takes this modern-economies' concept of "banks creating money ex-nihilo by emission of debt" to the extreme! Remember: what is transmitted thru the Ripple-network is not money, but debt. We're all sending each other IOUs and then settle them altogether. So the network as a whole has same risks as a bank, for the same reasons: should a significant % of users go bankrupt, default or do plain fraud, rest of users will take a heavy blow to their finances. | |
| Feb 27, 2014 at 22:25 | comment | added | Joe Pineda | Actually, from an ethymological POV "man-up" is not sexist at all. "Man" is Germanic for "generic human being" just like "homus", "anthropos", "manu" are unisex in Latin, Greek and Sanskrit respectively. All these languages had specific words for male humans: "were", "vir", "andros", "virah" respectively. The fact that over time Indo-European languages have largely dropped the male-specific word and put the unisex to do double work (meaning both unisex and male-specific) is a sad turn-up of history. "Woman-up" or "were-up" would be indeed sexist :) | |
| Feb 27, 2014 at 18:09 | comment | added | Nate Eldredge | If you insist on your wording you can certainly edit to change it back. I don't think it will be productive for us to discuss it further here. | |
| Feb 27, 2014 at 17:32 | comment | added | zaph | I have a question: Do you ever use the word Policeman or Fireman? My Wife was a police officer and I have a friend who was a firewoman (somehow that seems awkward yet PC). | |
| Feb 27, 2014 at 17:29 | comment | added | zaph | @Nate I have no problem with that, no problem with your comment, no problem with your down-voting (not saying you did). My post was about taking responsibility yet Colin did not mention his change to my post, the change nor why. I do have a problem with Colin changing the meaning of my post. There was a down-vote yet that person did not take responsibility, provide a reason. I support their right to do so, just find it in juxtaposition to accepting responsibility. Oops, I referred to Colin with a masculine gender (common English) yet Colin might be a woman. | |
| Feb 27, 2014 at 17:08 | comment | added | Nate Eldredge | Your meaning is clear, but I stand by my objection to your word choice. | |
| Feb 27, 2014 at 17:01 | comment | added | zaph | @Nate, Colin "Man-up" meaning grow up, accept responsibility, don't be a baby. If you want sexist, just look at advertisements including my local newspaper on-line version, horrible. | |
| Feb 27, 2014 at 16:37 | comment | added | zaph | @Colin I do take exception to your edit of my post, in particular the deletion of "Man-up". I do not view it as sexist in the same manner as the English language allows the word "he" to be used when both sexes (male and female) are being addressed. The phrase "Person-up" just does not work nor does ""Man/Woman-up". The intent was to imply "Take responsibility", that is now lost. Please change it back! As an aside, you might want to explain how this is sexist. If you don't like my use of "Man-up" feel free to down-vote my answer. Nate, I suspect that the last sentence applies to you as well | |
| Feb 27, 2014 at 16:07 | comment | added | zaph | @Colin I agree. My intent was to bring home that the the loss (in my hypothetical example) was $400. | |
| Feb 27, 2014 at 15:18 | comment | added | Colin Dean | @Zaph, while the IRS hasn't yet stated its intended way of accounting for casualty loss of Bitcoin, I speculate that it's safe to assume that it would be regulated as a commodity or security. Thus, you can only lose what your initial investment was. You had not realized the gain. So, in either case, your loss is $400. | |
| Feb 27, 2014 at 15:15 | history | edited | Colin Dean | CC BY-SA 3.0 |
remove unnecessary language
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| Feb 27, 2014 at 14:57 | comment | added | Nate Eldredge | Could you phrase your advice in a less sexist way? | |
| Feb 27, 2014 at 9:59 | comment | added | Murch♦ | @Gracchus I was referring to IOUs. Your IOUs become worthless when their issuer is bankrupt/just never uses Ripple anymore. It seems inconsistent to be disgruntled at Bitcoin for people losing money to a localized instance of counterparty risk, and then advocating a system completely built around counterparty risk. | |
| Feb 26, 2014 at 20:27 | comment | added | Murch♦ | @Gracchus You do realize that Ripple is completely based on counterparty risk? | |
| Feb 25, 2014 at 17:35 | comment | added | zaph | One the positive side one can only lose all of their investment. There are many ways to lose much more than your investment, been there, got the t-shirt. But, if you don't play you can't win. | |
| Feb 25, 2014 at 17:31 | comment | added | zaph | I am sorry about anyone's loss. BTC and other coins are speculative; one may win big (10x, 100x) or loose all (1x). As are gold, gems, property, etc. Regulation helps to stabilize losses but also tends to limit gains. One needs to decide the level of risk one is willing to take. Personally I have invested in mining, the only way I will make any real money is if BTC succeeds in a rather big way. I figure it will take years to determine the outcome. My wife and I have discussed how much we are willing to risk while admitting we may well lose our entire investment. | |
| Feb 25, 2014 at 17:14 | comment | added | zaph | Consider: I bought 1 Bitcoin at $400. it goes up to $600. I lose the Bitcoin. How much have I lost, $400 or $600? Next: I bought 1 Bitcoin at $400. it goes down to $200. I lose the Bitcoin. How much have I lost, $400 or $200? | |
| Feb 25, 2014 at 17:10 | history | edited | zaph | CC BY-SA 3.0 |
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| Feb 25, 2014 at 16:26 | history | edited | zaph | CC BY-SA 3.0 |
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| Feb 25, 2014 at 15:00 | history | edited | zaph | CC BY-SA 3.0 |
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| Feb 25, 2014 at 14:49 | history | answered | zaph | CC BY-SA 3.0 |