Bitcoin Forum

Economy => Service Discussion => Topic started by: windtilt on May 03, 2013, 12:35:54 AM



Title: CoinLab sues MtGox
Post by: windtilt on May 03, 2013, 12:35:54 AM
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656


Title: Re: CoinLab sues MtGox
Post by: Inedible on May 03, 2013, 12:40:07 AM
This ought to flatten the price a little.


Title: Re: CoinLab sues MtGox
Post by: btcmank on May 03, 2013, 12:42:47 AM
^---^ flatten a whole lot


Title: Re: CoinLab sues MtGox
Post by: Inedible on May 03, 2013, 12:46:08 AM
^---^ flatten a whole lot

A lot of value was taken out from the previous collapse so there might not be as big an impact as you believe.


Title: Re: CoinLab sues MtGox
Post by: omgitsmehehe on May 03, 2013, 12:46:43 AM
Nice earner for CoinLab! BTW this is prolly the wrong section.


Title: Re: CoinLab sues MtGox
Post by: MaxCoins on May 03, 2013, 12:50:32 AM
Why on earth would Mt. Gox hand over the US (though I suppose this deal was crafted before Bitcoins took off and they didn't have the $$ to grow otherwise)?


Title: Re: CoinLab sues MtGox
Post by: Inedible on May 03, 2013, 12:51:57 AM
Why on earth would Mt. Gox hand over the US (though I suppose this deal was crafted before Bitcoins took off and they didn't have the $$ to grow otherwise)?

Mt. Gox had plenty of cash to grow.

There may have been legal issues coming down the pipeline that they felt a US based organisation would be better suited to deal with.


Title: Re: CoinLab sues MtGox
Post by: MaxCoins on May 03, 2013, 12:53:32 AM
^---^ flatten a whole lot

A lot of value was taken out from the previous collapse so there might not be as big an impact as you believe.

Agreed. this could take a long time to sort out and more exchanges will appear in the mean time. It would not be in Coinlab's interests to kill the golden goose.


Title: Re: CoinLab sues MtGox
Post by: peter.baril on May 03, 2013, 03:58:07 PM
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656

Never thought I'd sympathize with MtGox, but from a Canadian perspective I'll support them to the hilt for cutting any ties that divert non-US bitcoin user data into the clutches of US banks.  MtGox, drop the #CoinLab betrayal now!  Can't believe two Frenchmen living in Tokyo could have been so clueless in the first place.  Concentrate instead on building a robust, Forex-like, designated market-maker function, one that earns the trust of everyone else first and the American institutional cabal last.

pb