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Best case speculation: they really are being acquired by a more competent exchange, or consortium of competent exchanges, who decided to step in to prevent further harm to Bitcoin's reputation. Hence the hidden message in the html, the acquisition of the "gox.com" domain, and the suspending of all transactions until the official announcement.
Earlier quoted context omitted.
If there was any evidence of that they'd go to jail for a long time - even if bitcoin is not directly regulated, I'm sure there are still some anti-fraud regulations that would kick in...
> I'm sure there are still some anti-fraud regulations that would kick in... I don't know, but I don't think so. For the law you may be trading in monopoly money at your risk.
So Kome I'll make you a deal, I've got a ownership title for the Brooklyn Bridge and I'll trade this title to you for a case of beer... deal? Deal. Sucka. Then it goes to court. Assuming you can convince the court I knew the title was fake, and the case of beer is worth more than the fake title (maybe the title has artistic merit, or maybe the beer was worthless American Lite "beer" of negative worth) then its pretty cut and dried as fraud.
Are you kidding me? This message is likely worse than staying silent.
Silent would be worse. At least we know that the site is deliberately disabled by its owners, as opposed to a host of other hypotheticals we'd be discussing otherwise.
This statement inspires absolutely zero confidence and trust at a time when both those things are necessary at some level.
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?
If there was any evidence of that they'd go to jail for a long time - even if bitcoin is not directly regulated, I'm sure there are still some anti-fraud regulations that would kick in...
This reminds me of corporate announcements that say "for your convenience" just before saying something incredibly inconvenient. "For your convenience, all your Bitcoins have been deleted."
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…
> or at the very least they don't give a crap about anything at all They were the market leader, with substantial revenue and lots of cash flow. Why they didn't prioritize hiring some people and securing their platform is still beyond my understanding. It's up there with the $100+ billion in cash Apple is evidently not using to hire enough code reviewers or implement adequate security processes for their most importa…
It's naive to think that the more people you throw at the problem, the less bugs there will be.
See also: The Mythical Man-Month.
Best case speculation: they really are being acquired by a more competent exchange, or consortium of competent exchanges, who decided to step in to prevent further harm to Bitcoin's reputation. Hence the hidden message in the html, the acquisition of the "gox.com" domain, and the suspending of all transactions until the official announcement.
hidden message in the HTML? Nothing as of right now http://pastebin.com/yi5j88FG
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…
> or at the very least they don't give a crap about anything at all They were the market leader, with substantial revenue and lots of cash flow. Why they didn't prioritize hiring some people and securing their platform is still beyond my understanding. It's up there with the $100+ billion in cash Apple is evidently not using to hire enough code reviewers or implement adequate security processes for their most importa…
www.gox.com is now redirecting to mtgox.com. 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?
Insolvent != no money in the bank
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?
It doesn't have to be MtGox, but anyone who wants to see a quick collapse in the price. And given the anonymous nature of the internet, it is super easy to do.
It's likely the unregulated nature of Bitcoin that makes this easy to do. After all, who is going to chase down market manipulators with search warrants and wiretaps?