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Mt.Gox's tweets are all gone

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Re: Mt.Gox's tweets are all gone

#41

Post by blazespin »

verroq wrote: post #27

IMHO, this is a ruse. Only Gox knows if they are going under or not. By playing up the trend of bad news, they are forcing down the prices of Gox BTC which they can buy up at extremely generous prices. The more they make it look like they are screwed, the cheaper people will sell. Thus they can keep this facade up for months. As long as they don't go under, they profit.

It's also possible they're not doing this out of greed but as a way to actually rescue their company. They may owe a lot of money and the only way they can make it through this without going under is by buying all the bitcoin back at a low value. The question is, how far do they go, and how much of the retained earnings do they commit to rescuing the company and how much of these retained earnings have already found their way into individual executive bank accounts.

Re: Mt.Gox's tweets are all gone

#42

Post by frade33 »

creamyhorror wrote: post #40
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.

I wasn't talking about individuals, instead the company and where it is based at.

Re: Mt.Gox's tweets are all gone

#43

Post by zimpenfish »

tlrobinson wrote: post #30
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.

Oh wow. I see 3 possibilities: 1. Mt Gox is going under, probably this week. 2. These people are utterly clueless about public relations and how the public perceives their actions. 3. This is all a big prank. You've been punked.

4. Mt Gox is no longer liquid because the Feds have their (encrypted) wallet

(ok, this is probably a bit too far down the conspiracy path)

Re: Mt.Gox's tweets are all gone

#44

Post by vidarh »

edelans wrote: post #37
MysticFear wrote: post #26

Earlier quoted context omitted.

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" ?

He is mocking the way MtGox tried to pass the buck for their inability to deal with the malleability issue to Bitcoin core developers.

Re: Mt.Gox's tweets are all gone

#45

Post by vidarh »

JanezStupar wrote: post #34
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.

If they have banking problems it has nothing to do with banks ability, but about banks willingness. International banking can be difficult, and almost all of that difficulty is about banks worried about fraud and money laundering. E.g. I remember trying to pay someone in Russia for some work some years back, only to find out my bank considered the Russian bank "too risky", and I had to transfer money via the Russian banks account in some US bank. When you're trying to be an exchange for a currency not supported by any government, I'm sure that's raised a ton of red flags in a lot of banks.

Note I'm not saying that is sufficient to explain MtGox's current predicament, but there's also every reason to assume that they have some degree of banking problems.

Re: Mt.Gox's tweets are all gone

#46

Post by jnbiche »

andylynch wrote: post #28
SwellJoe wrote: post #20

Earlier quoted context omitted.

That's a good theory...they may be figuring out that they can't possibly provide what they've promised, and are wanting to not have an easy trail of evidence of exactly what has been promised. But, I don't think deleting things from Twitter has ever been considered "destroying evidence" in court. But, I suppose there's a first for everything. Usually, it'd be manipulating or deleting emails that have been subpoenaed,…

These messages would almost certainly be subject to a legal hold, even if no-one's actually started formal proceedings yet. Removing them from public view on Twitter is probably fine from a legal standpoint, deleting them entirely would be a very bad idea.

Can you remove Tweets on Twitter from public view without deleting them? I don't frequently use Twitter, so don't know.

Re: Mt.Gox's tweets are all gone

#47

Post by jnbiche »

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…

>I am an asian, therefore my comment shouldn't be taken as racial.

Just as a point of fact, it is logically possible to be racist against one's own ethnic/racial group.

That said, I don't think your remark is at all racist, so I'm not sure why you felt the need to mention your background.

Re: Mt.Gox's tweets are all gone

#48

Post by nacs »

jnbiche wrote: post #46
andylynch wrote: post #28

Earlier quoted context omitted.

These messages would almost certainly be subject to a legal hold, even if no-one's actually started formal proceedings yet. Removing them from public view on Twitter is probably fine from a legal standpoint, deleting them entirely would be a very bad idea.

Can you remove Tweets on Twitter from public view without deleting them? I don't frequently use Twitter, so don't know.

You could mark your entire profile/timeline as private/protected in Twitter but don't think you can hide individual posts.

Re: Mt.Gox's tweets are all gone

#49

Post by uchi »

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…

The moment I realized that mtgox stood for fucking magic the gathering online exchange is when I became weary/started laughing at people who put their imaginary fun bux in there, Asian enterprise notwithstanding.

Re: Mt.Gox's tweets are all gone

#50

Post by hijinks »

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.

first thing I thought of when I watched that is when an enemy captures someone on the other side and forces them to read some statement saying how what the other side is doing is wrong.
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