91–100 of 105 posts
Not a great day to be a Libertarian. When their domain goes up for sale, I'm going to buy it and start an online exchange for Magic cards.
Are these the actions of a company that intends to stay in business? I would hazard a guess that the answer to that question is "No." Who would be foolish enough to keep their money with mtgox after 3 weeks of silence, and now with them seemingly erasing their footprint off the Internet? Even the worst businessperson would know their actions are jeopardizing their viability as a business. So, based on that assumption…
Initially read this as: Mt.Gox tweets "all gone"
Not a great day to be a Libertarian. When their domain goes up for sale, I'm going to buy it and start an online exchange for Magic cards.
Cherry-picking one high-profile catastrophic failure isn't exactly an intellectually honest indictment of Libertarianism. It's not like there's a shortage of better indictments to use.
It is a good day for schadenfreude, though.
About 6 months ago (when Mt Gox had some other issues with people's money) I said: > If you trusted a company that started out trading Magic: the Gathering cards with a significant amount of your money, you probably need the lesson you are going to learn from this. https://news.ycombinator.com/item?id=6264666 And was mocked/dismissed. It's disheartening to me the blind spot that otherwise intelligent people have when…
The enemy is stupid the overcredulous decision-making of ideologues and the incompetence of people who want to handle your money. Adding more dumb information just confuses the issue.
Earlier quoted context omitted.
>>They are subject to Japanese law and International law. And also to US and EU law regarding AML/KYC of their citizens. Is there any legal precedent for this? What would you sue Mt.Gox for? Do they have contracts or some form of binding agreement with people who store their BTC with them? I'm not sure they're really bound by any laws in regards to currency. Maybe contractually, but beyond that, not sure what you cou…
You typically sue a company over torts, not crimes. A tort is a civil cause of action. "They deprived me of my property in a fashion we had not agreed upon" is a tort called conversion. There exist many other ones you could describe Mt. Gox as having committed. Japan and the US are friendly first-world nations; their courts routinely enforce each others' judgments. (You'd have to demonstrate tortious behavior in the…
Even thinking about it, makes me feel dirty. But since things can’t get any worse than this, let me please ask this. Is it mere coincidence that the creator of Bitcoin is of the same origin as the Mt. Gox. I am feeling guilty for asking this, and I would be pleased, if I remain guilty forever for asking this, than otherwise.