Coinlab (Y Combinator funded) sues MtGox
reddit.com
Coinlab (Y Combinator funded) sues MtGox
1–3 of 3 posts
Re: Coinlab (Y Combinator funded) sues MtGox
#2I'm surprised Mt. Gox would enter into such an ambitious relationship without exploring the negative signals (limited exchange capacity, very much unproven market record, limited userbase). IANAL, so I can't weight the evidence of the lawsuit sufficiently, but if the terms were that explicit (with no escape clauses or relevant conditions), then Mt. Gox has demonstrated they have very little institutional stability. In many ways, it seem more likely that Coinlab is very much vulnerable to such an attack, but that is purely speculation. Technical infrastructure for an exchange is obviously essential -- but the business and legal framework for a system that is inextricably connected with currency should be demonstrably stable. I am curious to see how the facts are revealed.