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article imageWere you 'goxed'? Might want to add this term to your vocabulary

By Milton Este     Feb 28, 2014 in Technology
Bitcoin experienced a significant rise, and now an even faster fall. One of the world's largest exchange for bitcoins was shut down and now filed for bankruptcy.
Mt.Gox was by far the largest bitcoin exchange. It was trading under $1 at its first arrival and repeatedly hit the $1,000 mark. After recent security breaches, Mt.Gox lost 750,000 user bitcoins and about 100,000 of their own netting a U.S. dollar loss of $480 million. Their troubles did not stop there. They reported a discrepancy of 2.8 billion YEN in their bank account, and now has filed for bankruptcy.
Bitcoin is certainly not dead. It is still currently traded at a price of $550 over on BitStamp and BTC-E. Not only that, but we will be seeing a new exchange soon. An US-regulated exchange is about to make headway in offering greater security in bitcoin trading.
For those that are looking to get in on the action, just make sure you don't get 'goxed'. Yes, that is correct - goxed! The internet adopted a new term today.
Term: Goxed
Definition: Being repeated trolled/ fooled/ messed with.
Sentence: It's not the first time I've been goxed.
This term is already flooding Twitter with hastag #goxed, and MarketWatch is really trying to get it to catch on.
More about mtgox, bitcoin, Peer to peer, bitstamp, btce
 
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