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Mt.Gox's tweets are all gone

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Re: Mt.Gox's tweets are all gone

#31

Post by nikcub »

gojomo wrote: post #16
SwellJoe wrote: post #14

So, each bit of news coming out of Gox makes me more likely to assume the worst. When preparing for lawsuits, often the lawyers will recommend silence, and making sure that there are no public statements that are misleading. Given that they've been making reassuring comments all along, this makes me assume things are very bad indeed. I must assume they've been advised to stop making reassuring comments and saying thi…

On the other hand, destroying evidence once a lawsuit is filed is a definite no-no. But what's one more no-no in a career of no-no's? An account compromise is possible. Perhaps they're about to take some steps they'd previously publicly assured people they wouldn't, and don't want the obsolete assurances to be easy-to-reference.

old lawyer advice: "the only good time to destroy evidence is before it becomes evidence"

Re: Mt.Gox's tweets are all gone

#34

Post by JanezStupar »

pmorici wrote: post #29

Check out the recent update to this YouTube video... http://www.youtube.com/watch?v=UP1YsMlrfF0 Apparently liquidity problems and solvency problems are different problems, who knew.

Its the banks!

They are able to service trillions of transactions between countries, but are not capable of servicing a couple of millions to a website.

Yeah, right.

Re: Mt.Gox's tweets are all gone

#35

Post by muyuu »

gojomo wrote: post #16
SwellJoe wrote: post #14

So, each bit of news coming out of Gox makes me more likely to assume the worst. When preparing for lawsuits, often the lawyers will recommend silence, and making sure that there are no public statements that are misleading. Given that they've been making reassuring comments all along, this makes me assume things are very bad indeed. I must assume they've been advised to stop making reassuring comments and saying thi…

On the other hand, destroying evidence once a lawsuit is filed is a definite no-no. But what's one more no-no in a career of no-no's? An account compromise is possible. Perhaps they're about to take some steps they'd previously publicly assured people they wouldn't, and don't want the obsolete assurances to be easy-to-reference.

This is criminal activity. They are tanking their market on purpose to buy up at firesale prices and make the most of their insider position with their customers locked without withdrawals.

I wonder what do they have in mind but this is a bonafide bucket shop and I have little doubt that they will be facing criminal charges.

Re: Mt.Gox's tweets are all gone

#36

Post by Fuxy »

muyuu wrote: post #35
gojomo wrote: post #16

Earlier quoted context omitted.

On the other hand, destroying evidence once a lawsuit is filed is a definite no-no. But what's one more no-no in a career of no-no's? An account compromise is possible. Perhaps they're about to take some steps they'd previously publicly assured people they wouldn't, and don't want the obsolete assurances to be easy-to-reference.

This is criminal activity. They are tanking their market on purpose to buy up at firesale prices and make the most of their insider position with their customers locked without withdrawals. I wonder what do they have in mind but this is a bonafide bucket shop and I have little doubt that they will be facing criminal charges.

Well the good news is there's an opening for the next big bitcoin marketplace now since no sane person would ever trust mtgox ever again.

Re: Mt.Gox's tweets are all gone

#37

Post by edelans »

MysticFear wrote: post #26
gojomo wrote: post #15

They've clearly suffered a Twitter Malleability attack.

I am not sure why people blame Mt. Gox for a problem within the Twitter protocol that always 'deletions'. We discussed the solution with the Twitter core developers and will allow our tweets to be displayed again once it has been approved and standardized.

"our tweets" ?

Re: Mt.Gox's tweets are all gone

#38

Post by icebraining »

pmorici wrote: post #29

Check out the recent update to this YouTube video... http://www.youtube.com/watch?v=UP1YsMlrfF0 Apparently liquidity problems and solvency problems are different problems, who knew.

Hmm, they are different problems. It depends on where they have their assets tied up. I'm not saying MtGox is solvent - I have no idea if they are or not - but in theory, they could be solvent while not having enough liquidity to fulfill their obligations.

Re: Mt.Gox's tweets are all gone

#39

Post by frade33 »

grabs popcorn

I am an asian, therefore my comment shouldn't be taken as racial. The moment I realized, Mt.Gox was an asian enterprise, (based in asia) I became wary of them, and put them on my least priority. I want people to transact their wealth/money only with those companies, which are located in countries, which have good repute for accountability and have strong judicial system. I don't mean, Japan is not one of those. But I don't know, I still can't put faith with any Asian company as yet, when it involves 'money'.

Re: Mt.Gox's tweets are all gone

#40

Post by creamyhorror »

frade33 wrote: post #39

grabs popcorn I am an asian, therefore my comment shouldn't be taken as racial. The moment I realized, Mt.Gox was an asian enterprise, (based in asia) I became wary of them, and put them on my least priority. I want people to transact their wealth/money only with those companies, which are located in countries, which have good repute for accountability and have strong judicial system. I don't mean, Japan is not one o…

Even though the founder isn't Asian at all, but a French techie who moved the Japan to become an entrepreneur? And the top management appear to all be non-Asian?

I'm not saying your concerns don't have some basis, but MtGox was not a relevant example. Unless you mean that Westerners moving to Asia to set up businesses automatically can't be trusted either.

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