Hacker News new | ask | show | jobs
by nkvoll 4489 days ago
"Bitcoin Exchange Had $63.6 billion in Outstanding Debt"

.. and ..

"...that Mt. Gox had outstanding debt of about ¥6.5 billion ($63.6 million)"

... right under.

These numbers are off by a factor of 1000, so which one is it? It's pretty horrible journalism and/or editing to get simple things like that wrong and expect me to pay them for the privilege of reading the remaining of the article I now I don't really trust the numbers in.

3 comments

Didn't they lose about BTC700,000? Ie, about USD$400M? Which would suggest that neither of those numbers are anywhere near right.

Hey, what's a few orders of magnitude between friends?

I think that it's pretty safe to say that Mt Gox didn't run up $60B in debt.
Heh. Looks like someone confused the amount of Yen with the amount of dollars.