|
Title: How much $ was the balance of MtGox Dwolla account? Post by: wopwop on May 14, 2013, 08:46:35 PM Or:
How much of the bid wall is now fake? I speculate about $ 10 million or higher not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: epetroel on May 14, 2013, 08:54:49 PM Or: How much of the bid wall is now fake? I speculate about $ 10 million or higher not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million Why would their dwolla balance have anything to do with the bids on the order book? Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: wopwop on May 14, 2013, 08:56:05 PM Or: How much of the bid wall is now fake? I speculate about $ 10 million or higher not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million Why would their dwolla balance have anything to do with the bids on the order book? Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: epetroel on May 14, 2013, 09:00:56 PM Or: How much of the bid wall is now fake? I speculate about $ 10 million or higher not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million Why would their dwolla balance have anything to do with the bids on the order book? If you're referring to MtGox not having enough money to cover their user's balances anymore (a good possibility) then I would understand. But the bids are still based on money in the user's Gox account. If anything I would expect bids to go up as people try to "cash out" to coins and move their coins out of the exchange. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: Ozymandias on May 14, 2013, 09:01:06 PM Or: How much of the bid wall is now fake? I speculate about $ 10 million or higher not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million Why would their dwolla balance have anything to do with the bids on the order book? Because how else do you spread FUD? Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: wopwop on May 14, 2013, 09:06:45 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: notme on May 14, 2013, 09:08:22 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: wopwop on May 14, 2013, 09:18:06 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: notme on May 14, 2013, 09:20:11 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: wopwop on May 14, 2013, 09:22:51 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. I'd say the money on there is lost indefinitely I assume that the balance on MtGox Dwolla account as atleast higher than 0 Pretty solid basis imo Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: notme on May 14, 2013, 09:26:26 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. I'd say the money on there is lost indefinitely I assume that the balance on MtGox Dwolla account as atleast higher than 0 Pretty solid basis imo Can you point to a direct communicaton from Dwolla or MtGox that says the funds are seized? Everything I've seen says transactions aren't allowed, not that Dwolla has seized the funds. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: TheJuice on May 14, 2013, 10:21:44 PM If the funds were seized, then I see how it follows that the bid walls are fake. But I imagine most of GOX money is not in Dwolla, so I wouldn't worry that much.
*converts gox fiat to BTC and cashes safely into wallet* Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: gizmoh on May 14, 2013, 11:22:59 PM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Common assumption: When a us agency seizes your account, chances of recovering funds are very slim Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: notme on May 15, 2013, 02:16:36 AM Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Common assumption: When a us agency seizes your account, chances of recovering funds are very slim Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: Stephen Gornick on July 07, 2013, 05:46:31 AM Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment. While this is an old topic, the question hadn't been answered, so here it is: Seizure Warrant U.S. District Court of Maryland - http://cdn.arstechnica.net/wp-content/uploads/2013/05/Mt-Gox-Dwolla-Warrant-5-14-13.pdf Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: Coinseeker on July 07, 2013, 06:02:48 AM Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment. While this is an old topic, the question hadn't been answered, so here it is: Seizure Warrant U.S. District Court of Maryland - http://cdn.arstechnica.net/wp-content/uploads/2013/05/Mt-Gox-Dwolla-Warrant-5-14-13.pdf I'd say that pretty much sums it up. These funds were seized. Whether they will get them back, remains to be seen. Title: Re: How much $ was the balance of MtGox Dwolla account? Post by: painlord2k on July 07, 2013, 08:27:51 AM Seized is not confiscated.
IIRC there is the need of a court trial to confiscate someone money. |