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static-informational Zhou Tong Founder of <a href="/events/bitcoinica">Bitcoinica</a>, Major player in the early Bitcoin community /people/zhou-tong
cryptocurrency

His name is the origin of the cryptocurrency community slang "Zhou Tonged":

Bitcoin Slang, Your positions are automatically liquidated due to insufficient trading balance after a margin call. This occurs when trading using "leverage buying" at high levels 5:1 or 10:1. The large swings in the Bitcoin exchange rates can force automated margin selling, when the Broker sells out the customer without notice. I Just Got "ZHOU TONGED"!.... lost it all on a margin call.

Zhou Tong presided over the Bitcoinica debacle and is a suspected scammer/thief. I'll be including a lot more about him when I do the research on the Bitcoinica collapse/theft.

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