Mt. Gox Bitcoin losses likely 99% fraud

Crime of the century.

BTC were imaginary with no value from the start. It was all a bubble being sold to suckers. Does have me wondering how the other exchanges are doing so maybe I'll check sometime.

Even after a sustained fall, today they have a $4.3 Billion dollar market cap and are accepted by millions of people/companies as payment - not sure how the equates to "no value".

Because they poof sprung from nothing with nothing to back them except the ummm... full faith and credit of some guy living wherever. Because the original sellers took your dollars that do have value and the only way you get real money back is to find another sucker to buy your BTC. When there are no buyers and the original sellers are saying we don't want them the price goes to zero. If there is 4.3 billion market cap what is the volume? How many suckers are there buying at any that level? I think millions accepting them is an exaggeration based on the height of the fad. Anyone worried about fiat monies, and smart, is not going to buy BTC because BTC is also a fiat currency. They will go to gold which can always be made into jewelry at the least. I remember those "coins" - think they were called Pogs - people collected and hoarded. Yeah, they were going to pay for the kids college and retire on them. BTC is just the digital version of those. I'll sell you all the GAT coins you want. Makes as much sense.

Just the end of this little game.
As predicted.
Such "alternatives" always appear at turning points.

accepted by porn sites and drug dealers a lot too )

You are talking like BTC has failed which is ridiculous - millions of dollars flows in and out every day and the price moves around like anything else (albeit with extreme fluctuations). It is backed by the support of a huge amount of people, who have shown this support remains despite large price falls/fluctuations. There are many practical reasons why people use BTC - still you are right in that doesn't mean it couldn't go to zero one day, if people lose confidence in it for whatever reason, like a company's stock. However I see no reason to be pessimistic when the market keep proving itself over and over again.
https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
There's the daily transactions - a very healthy, constant figure. Also see the list of the number of huge companies that will accept them for payment for their goods.
"credit of some guy living wherever. Because the original sellers took your dollars that do have value and the only way you get real money back is to find another sucker to buy your BTC."
You don't seem to be very knowledgeable about how it works - it's not just about people buying and holding BTC. It's also easy to move money back and forth between dollars and BTC, as I mentioned large transactions in figures and quantity occur every day. The children's toy analogy and your personally made up coins (which many people have tried but has had the effect of making BTC stronger as the one constant market) without the history, media acknowledgement, community, worldwide penetration, thousands of companies accepting them as payment, billions market cap or huge daily transaction rate aren't really worth commenting on.

hahaha, I'm sorry, but do you think that any currency like USD or EUR has any value other than record on account? It's exactly the same!

Have already said the national currencies are fiat insomiawawa. I'll take the full faith and credit of a government, tarnished as is, over a guy named Fred somewhere. There are some cities that have Peoria or whatever dollars too. those are essentially gift certificates that are accepted by merchants in a downtown area for example. They may include a discount so are a sales promotion gambit as well.

Those are fiat currency of no value outside their little fiefdoms. So is BTC with its fiefdom spread out across borders. 4.3 billion in market cap is micro mini miniscule in an 85 trillion world wide trillion economy. That's barely 50 cents per person. The central banks hold 1100 dollars per person at todays back towards reality price for the metal.

Interesting site messiah01. I've gone to quandl.com to occasionally check prices. they show wide variance between markets if you can arb them. Of course if you can that just shows how ridiculous the whole thing is. Not being one market makes it like your BTC is worth 99 cents at one store and 1.07 at another. Overall I see BTC as a screwy failure that will keep on walking because there is always somebody thinking their Pog... I mean BTC is going to make them rich.

And last point - what if it does grow enough to be noticeable to government? Right now they use it to track arms and drug dealers ignoring your 0.000000042 BTC purchase at wherever. You can count on governmentS to squash BTC as soon as they see benefit to it.

Yeah,
...and like ....."who could possibly have seen that coming.....?"

I did ...

Is this karpeles a collegue of Kerviel, the other famous "trader" ?
Somebody once said the computer screens are mesmerizing...

of course. I was supporting your view.
BTW I missed off the sarcasm emoticon because I couldn't remember how to invoke it.
Let's try :sarcasm: <-- nope....