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I'm really thankful I put my bitcoin in a time vault back in 2012 or so. It was inaccessible until about last year, and my $10 is now worth $100k. Thank you Mt
by stavros 6mo ago
I'm really thankful I put my bitcoin in a time vault back in 2012 or so. It was inaccessible until about last year, and my $10 is now worth $100k.
Thank you MtGox.
- andai 6mo agoNice, congrats. What's a time vault?
- stavros 6mo agoIt's something that locks your stuff so you can't access it for a while.
- Ccecil 6mo agoIt's sarcasm. Everyone who had coin in Mt.Gox lost it during a hack. A portion of that was returned to the users who had a loss about a year ago.
- baggachipz 6mo agoYeah my 100 stolen bitcoins got me a cool $4k check from the settlement. Definitely made whole by that :|
- stavros 6mo agoI think you would have been much better off choosing the bitcoin option. You'd have gotten around 40 BTC back, I think.
- baggachipz 6mo agoI don't believe I had the option. I just filed my claim, and several years later a check showed up.
- stavros 6mo agoHm no, at some point you were asked whether you want USD or BTC, plus (later) whether you want it guaranteed now or whether you want to wait for more. That's what I remember, anyway.
- Ccecil 6mo agoPerhaps you should log in and verify. Maybe you missed the step about setting up an account on an exchange to get it transferred. There was quite a few steps...maybe you still have something coming.
- spindump8930 6mo agoLikely in this case the time vault was the collapse of Mt Gox, which has now recently been paying back holders.
- bavell 6mo ago> MtGox Whew, that brings me back! I still think about the Bitcoin my buddy paid me for his half of a pizza ~15 years ago... worth 6 figures now haha.
- matheusmoreira 6mo agoI have a cousin who received around 2 BTC after playing some cards with some people. Wasn't worth much at the time. He sold the coins immediately. Better not to dwell on such things.
- unshavedyak 6mo agoYup. I was really close to buying $1000 (at $1) worth of BTC ages ago. I don't dwell because the stress of managing that through time would have eaten me away lol. With that said, i do regret not at least mining/etc. Back then i could have mined in many ways, and getting into it as a hobby probably would have meant holding larger amounts of BTC in the long run.
- zahlman 6mo agoI remember thinking about buying $100 (at $10). And then realizing I didn't actually know how to do it and didn't feel like looking it up or going through whatever steps to do that kind of transaction online, or worrying about getting scammed....
- keeda 6mo agoWay back in the day when Bitcoin first came about, I once idly contemplated spending some time and money on it just because it was a very cool technology. At the time it was a bit of a hassle because you had to mine your own. Then I was especially tempted years later after running into the MtGox booth at CES, and seeing how convenient it had become. I remember asking a guy at the booth if Satoshi was really still anonymous or if any insiders knew about him, and he said "no" but was bit surprised I knew about Satoshi. I guess Bitcoin was still quite niche then even amongst a technical crowd. I considered buying a few bucks worth of bitcoin then for lulz, but I thought that money was better spent on beer lol. I've never really regretted spending that money on beer rather than bitcoin, because I knew that even if I did, it would 100% have been on MtGox and I would have lost it in the hack anyway, which would have been even more bitterly frustrating. A few of pints of beer >> years of regret.
- echelon_musk 6mo agoA friend lost £2000 worth of BTC in MtGox which is probably worth a fortune at today's prices. The last time I spoke with him he said there was some sort of lawsuit for victim compensation. How did you recover your funds?
- stavros 6mo agoThey emailed us during the course of the lawsuit, I followed the instructions and they sent me maybe half my BTC in the end.