Bitcoin Forum

Economy => Service Discussion => Topic started by: MonkeyBear68 on May 15, 2013, 09:07:46 PM



Title: DHS is going after Mt Gox - NOT Bitcoin.
Post by: MonkeyBear68 on May 15, 2013, 09:07:46 PM
This is actually good news for (US) exchanges that are following the rules.

http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/

Mt. Gox should have followed through on their deal with CoinLab!!


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: ChinaCoin on May 15, 2013, 09:29:48 PM
Nice leveler article to mitigate the panic selling noobs.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: Jakewell on May 15, 2013, 09:32:30 PM
Its the truth, they should have done the deal with CoinLab.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 09:33:15 PM
Lots of press for coinbase now. I've never really been impressed with them. Article says they have a 5mil VC deal, certainly can't tell by the way their operation runs.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 09:33:32 PM
Its the truth, they should have done the deal with CoinLab.

That's probably exactly what they are thinking at this point.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: novusordo on May 15, 2013, 09:39:06 PM
One must wonder if, once upon a time, CoinLab saw something MtGox could get in trouble for, then after suing them said "hey feds, look over here!"


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: ChinaCoin on May 15, 2013, 09:40:15 PM
Lots of press for coinbase now. I've never really been impressed with them. Article says they have a 5mil VC deal, certainly can't tell by the way their operation runs.


Coinbase and BTC-E are the future.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 09:45:08 PM
BTC-e is a nightmare to get fiat into.

Coinbase has a 50 coin per day limit and cannot even handle all those orders on a consistent basis.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: inge on May 15, 2013, 09:47:43 PM
Nice article. It makes things just a little bit clearer.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: Lauda on May 15, 2013, 09:51:17 PM
Yeah bitcoin should be fine.
Might actually see value rise?


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: bitchris on May 15, 2013, 09:52:25 PM
Quote
Mt. Gox’s legal troubles don’t seem to be affecting the value of Bitcoin, which has been hovering in the $115 range for the last week.

Not only will this not affect the price at the moment, it will support the value of Bitcoin when problem afflicted Mt. Gox finally looses it's market domination.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: bitchris on May 15, 2013, 09:53:22 PM
Quote
Might actually see value rise?

Yup


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BTCOnetime on May 15, 2013, 09:54:31 PM
looks like gox is down right now, anyone else exxperienceing this?


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 09:55:02 PM
Getting 502 - Bad Gateway



Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: yucca on May 15, 2013, 09:56:18 PM
looks like gox is down right now, anyone else exxperienceing this?

yes, down on http and also socket.io


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: yucca on May 15, 2013, 09:57:17 PM
websocket seems to be up, order book is live on clarkmoody.

edit: no its not updating either.


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 09:58:20 PM
websocket seems to be up, order book is live on clarkmoody.

edit: no its not updating either.

bitcoin charts seems to be working says lag 00s


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: bbit on May 15, 2013, 10:17:36 PM
Hip hip hooray!!


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BTCOnetime on May 15, 2013, 10:20:33 PM
so it IS up? just working behind the scenes somewhere?


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: joesmoe2012 on May 15, 2013, 10:21:26 PM
I see a little bit of action, but not much. Says 91 online according to bitcoin charts (but that may just be 91 people watching it on their website).


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BTCOnetime on May 15, 2013, 10:25:55 PM
if DHS seized there would be a notice right?


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BTCOnetime on May 15, 2013, 10:26:21 PM
I was worried about that last night so I emptied my gox acct :-)


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BTCOnetime on May 15, 2013, 10:42:56 PM
looks like you can get on if you hit 'try for live version' from the cloudflare page


Title: Re: DHS is going after Mt Gox - NOT Bitcoin.
Post by: BlueNote on May 15, 2013, 10:51:10 PM

What would motivate mtgox to not register as a Money Services Business? 


Perhaps the fact that they're not a money service business?