51–60 of 181 posts
Earlier quoted context omitted.
But isn't that just one of the differences between a regulated business and an unregulated one? Madoff isn't dead, but he is in prison.
Wait, nobody said that MtGox's CEO won't go in prison. There will be a lawsuit following the losses. The Law still applies when you start taking money for a service.
CONSPIRACY THEORY TIME. What if Mt. Gox didn't really lose a post-Panamax boatload of Bitcoin (just a small amount)? They're just manufacturing a panic so they can buy Bitcoins at fire-sale prices, declare "We have all the BitCoin we need after all, we fixed our bug, everything's fiiiine" and maybe even turn a cash profit on the upside?
They also mentioned buying back at low prices in one of those leaked documents. What I don't understand is why people would continue selling at any reasonable volumes at firesale prices when other exchanges are doing "fine" (Bitstamp down ~25% vs 2 months ago). Unless I misunderstand it, the malleability bug won't prevent sending btc to other wallets. Is mtgox going to block their users from sending btc and only allo…
The people holding bitcoins will get nothing.
CONSPIRACY THEORY TIME. What if Mt. Gox didn't really lose a post-Panamax boatload of Bitcoin (just a small amount)? They're just manufacturing a panic so they can buy Bitcoins at fire-sale prices, declare "We have all the BitCoin we need after all, we fixed our bug, everything's fiiiine" and maybe even turn a cash profit on the upside?
They also mentioned buying back at low prices in one of those leaked documents. What I don't understand is why people would continue selling at any reasonable volumes at firesale prices when other exchanges are doing "fine" (Bitstamp down ~25% vs 2 months ago). Unless I misunderstand it, the malleability bug won't prevent sending btc to other wallets. Is mtgox going to block their users from sending btc and only allo…
For an organisation which is insolvent they must have invested a fairly significant sum on a 3 letter .com domain. This happened yesterday! What's going on here?
CONSPIRACY THEORY TIME. What if Mt. Gox didn't really lose a post-Panamax boatload of Bitcoin (just a small amount)? They're just manufacturing a panic so they can buy Bitcoins at fire-sale prices, declare "We have all the BitCoin we need after all, we fixed our bug, everything's fiiiine" and maybe even turn a cash profit on the upside?
They also mentioned buying back at low prices in one of those leaked documents. What I don't understand is why people would continue selling at any reasonable volumes at firesale prices when other exchanges are doing "fine" (Bitstamp down ~25% vs 2 months ago). Unless I misunderstand it, the malleability bug won't prevent sending btc to other wallets. Is mtgox going to block their users from sending btc and only allo…
That's only relevant if you can move your bitcoins to a different exchange. If your bitcoins are held with MTGOX and you're able to run a transaction that extracts any value then that's better than the potential case in which MTGOX simply declare all bitcoins have gone and close all accounts.
I posted this idea a few weeks ago (IIRC) - basically if MTGOX could crash the price then they could buy the bitcoins at a lower price; make an announcement that they're now fine, rebound the price and then afford to cover losses and possibly make a profit too.
It strikes me that's not moral, though some may consider it so, but it's probably not illegal to manipulate "toy" currencies. In the financial sector it seems it's only really considered wrong to fix real ones if you get caught.
The second time you visit the page, you'll get your cookie-stored statement.
Almost seems like they want to be able to change their statement without previous visitors seeing the changes.
I'm one of those who lost a good amount on MtGox. It wasn't in there because I thought they are a bank, I put it there because I like to speculate from time to time. As such I was prepared to lose most if not all of it anyway. I didn't expect things to go wrong so thoroughly, but still that was the premise of my deposits there. So from that perspective, I'm not really mad about them losing the money. It's unfortunate…
I would not like to be in the shoes of mtgox CEO... He lost about 400M USD, some of them probably belonging to shady peoples (drug dealer, mobs, etc.)
Earlier quoted context omitted.
But isn't that just one of the differences between a regulated business and an unregulated one? Madoff isn't dead, but he is in prison.
Wait, nobody said that MtGox's CEO won't go in prison. There will be a lawsuit following the losses. The Law still applies when you start taking money for a service.