Earlier quoted context omitted.
The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…
People have lost every last penny trying to recover from ______ by gambling
Mt. Gox Impact Diminishes as Market Price Dissociates
11–20 of 56 posts
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#12Earlier quoted context omitted.
The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…
Well said. This is the really interesting thing about BitCoin for me, making cryptocurrency work without regulation. I appreciate that folks are trying. It touches on the fundamental difference between so called 'legal tender' and markers for barter.
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#13Bitcoin at its best - ignore and outshout truths that don't help the value of your stash go up.
Why do you think the market is wrong on this one?
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#14Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#15The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.
The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…
And the people who lost some of their money by investing in a volatile new market, then tried to gamble their way back to a break-even point and lost? They bear no responsibility for this? Instead, your solution is to outlaw gambling?
Sometimes I despair of my fellow man. By the way, I don't even gamble (in my entire life, I've gambled one single time, not counting two-dollar NCAA basketball pools in HS).
But it really disturbs me how people want to just outlaw what people should be free to do if they wish. Do you have any idea what they're doing to gamblers because of laws like you're advocating? They're sending in SWAT squads in massive raids, where the "target" frequently ends up shot, or at least their dog.
What about alcohol, do you want to outlaw that? It sure causes a lot of problems. Why not just return to Prohibition?
On the other hand, if some powerful Bitcoin player somehow has insider information on Gox's (in)solvency (quite possible) and is still trying to sell Gox coins or Gox bucks that he/she knows to be worthless, that's clearly crossed the line into fraud, and existing fraud regulations are more than adequate for that. Absolutely no additional regulation is needed to prosecute that (see what's happening to pirateat40). However, I have not seen that this is happening, so I'd like to see the thread you're referring to. As it is, your position on gambling makes me extremely skeptical toward your claims.
Edit: OK, edited out "are you fucking kidding me". I apologize to fellow HNers for such an emotional comment -- first time ever (check my history). But I'm so tired of people calling for more laws when we're so close to living in a police state.
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#16The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#17The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.
The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#18Earlier quoted context omitted.
Why do you think the market is wrong on this one?
"Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#19Earlier quoted context omitted.
"Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
Re: Mt. Gox Impact Diminishes as Market Price Dissociates
#20Earlier quoted context omitted.
If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
Ideally, the market price is driven purely by demand and supply, not by bots and speculators.