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MtGox Shuts Down, CEO Resigns From BTC Foundation

posted by Dopefish on Tuesday February 25 2014, @06:00PM   Printer-friendly
from the that-didn't-end-well dept.
lennier writes "Has Magic the Gathering Online Exchange tapped all its mana? MtGox, the first and best known Bitcoin exchange, has abruptly shut down, and CEO Mark Karpeles has resigned from the Bitcoin Foundation after rumors of ongoing theft related to the transaction malleability issue reported several weeks ago. According to the latest news reports, Bitcoin has hit a three-month low of $465 USD per coin."
 
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  • (Score: 3, Insightful) by HiThere on Wednesday February 26 2014, @03:15AM

    by HiThere (866) Subscriber Badge on Wednesday February 26 2014, @03:15AM (#7093) Journal

    No. The value of the gasoline will not fluctuate. The replacement cost will, but that's not value. Value is the use you can make of it. (And you can't measure it in ANY currency, as it partially depends on you current goals and purposes.)

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  • (Score: 2) by unitron on Wednesday February 26 2014, @09:38AM

    by unitron (70) on Wednesday February 26 2014, @09:38AM (#7220) Journal

    The replacement cost is the gasoline's instantaneous market value.

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    • (Score: 1) by HiThere on Wednesday February 26 2014, @05:54PM

      by HiThere (866) Subscriber Badge on Wednesday February 26 2014, @05:54PM (#7427) Journal

      Can you sell it for the replacement cost? I really doubt it, even if you count your time as worth nothing.

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      • (Score: 2) by unitron on Thursday February 27 2014, @06:57AM

        by unitron (70) on Thursday February 27 2014, @06:57AM (#7829) Journal

        Supply and demand--if you come across someone out of gasoline nowhere near a gas station, but they happen to have a hose, I'm suspect they might very well be willing to pay you the going rate for a gallon.

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