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Title: MtGox Fractional Reserve Status Post by: kiba on December 10, 2010, 09:31:35 PM So how much money is recovered after the paypal crash? If we all withdraw money, can MtGox guarantee no bank run?
Title: Re: MtGox Fractional Reserve Status Post by: Bimmerhead on December 10, 2010, 09:33:43 PM Interesting question. Excuse me while I just....be back.... in a .... sec.....
There. Yes, what is the possibility of a bank run, please? Title: Re: MtGox Fractional Reserve Status Post by: davout on December 10, 2010, 09:36:27 PM You guys seriously expecting an accurate answer ?
Title: Re: MtGox Fractional Reserve Status Post by: S3052 on December 10, 2010, 09:38:51 PM while I can't speak for MtGox personally, he confirmed me that his situation is very solid.
Title: Re: MtGox Fractional Reserve Status Post by: MoonShadow on December 10, 2010, 09:39:00 PM 50% of all quoted statistics are made up on the spot.
Title: Re: MtGox Fractional Reserve Status Post by: mtgox on December 10, 2010, 09:40:53 PM Paypal is only holding $5,000 now.
> If we all withdraw money, can MtGox guarantee no bank run If everyone withdraws their money that is the definition of a bank run so I suppose there would be one if there is one. I think you are asking will I cover the missing $5k. Yes I am covering it. Title: Re: MtGox Fractional Reserve Status Post by: kiba on December 10, 2010, 09:50:45 PM Usually, when a bank run happens, it cause the bank to collapse.
Title: Re: MtGox Fractional Reserve Status Post by: Bimmerhead on December 10, 2010, 09:52:41 PM Usually, when a bank run happens, it cause the bank to collapse. That's because most banks don't have your money. They've gone and given it to some fellow with no job and a new semi in Riverside. Title: Re: MtGox Fractional Reserve Status Post by: nanotube on December 12, 2010, 08:12:44 AM Usually, when a bank run happens, it cause the bank to collapse. since mtgox promises to cover the paypal held funds (and i, for one, trust his promise), this would not happen with a run on mtgox. |