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MtGox.com is offline

mtgox.com

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Re: MtGox.com is offline

#33

Slight drop over the last few hours http://bitcoinwisdom.com/ I'm curious if this will create a run on bitcoin or not? All of the funds from MtGox have in theory already been lost. There may be some fear that other networks will follow, but it may be rational that the price would remain level as one failed bank does not equal a failed currency.

Almost certainly we will get a short term drop, but I'm optimistic that cheap coins combined with lots of media attention will lead us to the great Bitcoin bubble of 2014.

Re: MtGox.com is offline

#34

So...now that mt.gox is dead, does this mean mt gox employees are free from any non-disclosure agreements and can talk freely about what the hell happened? Insider info would be greatly appreciated.

That's not how NDAs work.

Not legally... but who would sue?

Re: MtGox.com is offline

#37
post #5

Hello, downsides of unregulated currency. Some of the rules are there for a reason.

Businesses fail all the time. Most startups fail. Should we have more startup regulation?

Failure is a normal part of the market. What's really scary are the businesses that are never allowed to fail.

Re: MtGox.com is offline

#39
post #21

So...now that mt.gox is dead, does this mean mt gox employees are free from any non-disclosure agreements and can talk freely about what the hell happened? Insider info would be greatly appreciated.

If i was a Mt Gox employee,I would go into hiding and keep quiet instead of going public, all sort of people have invested into Gox including the kind of people you dont want to mess with.

But on the plus side, many of those people no longer have the Silk Road and large supplies of Bitcoin available for "services."

Re: MtGox.com is offline

#40
Questions I have now:

1) How likely is a cascade of bank runs on other exchanges?

2) Do other exchanges have security issues or insolvency that make them particularly vulnerable?

3) Will one of the other cryptocurrencies wax as confidence in BTC wanes?

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