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Title: How can I get an early notice if Mtgox goes bankruptcy? Post by: david_lebrand on February 23, 2014, 12:27:24 PM All these Japanese sites just drove me crazy. Can anybody help please? This might be interesting to monitor. ;)
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: keithers on February 23, 2014, 05:30:23 PM All these Japanese sites just drove me crazy. Can anybody help please? This might be interesting to monitor. ;) Getting an early bankruptcy notice isnt possible Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: dreamspark on February 23, 2014, 05:37:43 PM If gox goes bankruptcy?
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Luno on February 23, 2014, 05:39:04 PM getzy a jobcy thersi?
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: grifferz on February 24, 2014, 06:01:40 AM OP, why do you care about a bankruptcy notice? Creditors tend to lose all their money a long time before a company officially goes bankrupt.
In UK, insolvency events are posted to the London Gazette: http://www.london-gazette.co.uk/insolvency I'm sure Japan has something similar. But I question its usefulness in this instance. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: cbeast on February 24, 2014, 06:05:41 AM Seismologists have set up instrumentation for when Tux has a tantrum. ;D
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: bitcoinminer on February 24, 2014, 06:43:36 AM Consider this your early notice - Mt. Gox is going to go bankrupt.
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Cassius on February 24, 2014, 06:46:36 AM Consider this your early notice - Mt. Gox is going to go bankrupt. +1 No need for notices in the papers. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: BitTrade on February 24, 2014, 06:49:33 AM Seismologists have set up instrumentation for when Tux has a tantrum. ;D :D Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: seriouscoin on February 24, 2014, 06:52:21 AM All these Japanese sites just drove me crazy. Can anybody help please? This might be interesting to monitor. ;) Everyone got their notices weeks ago. Its just someone who is dumb, like you that didnt understand Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Bigeyeone on February 24, 2014, 09:10:09 AM so everybody seems to think Mt.Gox is going bankrupt, but why would they go bankrupt exactly ? they dont make enough on commissions to pay for their office and staff ? people stole money from them ? why are they going bankrupt exactly ?
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: seriouscoin on February 24, 2014, 09:20:52 AM so everybody seems to think Mt.Gox is going bankrupt, but why would they go bankrupt exactly ? they dont make enough on commissions to pay for their office and staff ? people stole money from them ? why are they going bankrupt exactly ? They're going bankrupt because thats how they would explain how they took all your coins. Scam101 Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: LiteCoinGuy on February 24, 2014, 09:56:14 AM goxed.
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: prophetx on February 24, 2014, 09:56:53 AM i give you early notice now
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Abdussamad on February 24, 2014, 10:01:38 AM Subscribe to their twitter account:
https://twitter.com/mtgox Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Bigeyeone on February 24, 2014, 10:18:39 AM so everybody seems to think Mt.Gox is going bankrupt, but why would they go bankrupt exactly ? they dont make enough on commissions to pay for their office and staff ? people stole money from them ? why are they going bankrupt exactly ? They're going bankrupt because thats how they would explain how they took all your coins. Scam101 Mt. Gox is not sheeproad, every body knows who owns Gox, now they could take your coins and run, they could, but they will never get away with it, if they do that, don't think they that dumb. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: hilariousandco on February 24, 2014, 11:55:18 AM Consider this your early notice - Mt. Gox is going to go bankrupt. Haha. I don't see how it can sustain itself as a business for much longer. Subscribe to their twitter account: https://twitter.com/mtgox They've just deleted all their tweets. That's not a good sign. No idea why they did that though. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Abdussamad on February 24, 2014, 12:09:19 PM Subscribe to their twitter account: https://twitter.com/mtgox They've just deleted all their tweets. That's not a good sign. No idea why they did that though. It was an issue with tweet ID maleability. Tweet withdrawals will be enabled soon. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: eztezt on February 24, 2014, 12:13:21 PM I think they are still alive
because I have send my verification documents to MTGOX in 24. January To day it has just veriffied We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: hilariousandco on February 24, 2014, 12:19:13 PM Subscribe to their twitter account: https://twitter.com/mtgox They've just deleted all their tweets. That's not a good sign. No idea why they did that though. It was an issue with tweet ID maleability. Tweet withdrawals will be enabled soon. Haha. "Soon". They seem to be doing everything they can to cause panic and confusion. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Abdussamad on February 24, 2014, 12:30:53 PM Subscribe to their twitter account: https://twitter.com/mtgox gox have deleted all their tweets That's kinda the point ::) Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Abdussamad on February 24, 2014, 12:31:59 PM I think they are still alive because I have send my verification documents to MTGOX in 24. January To day it has just veriffied We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status. Uh huh. Always open to deposits. Even when you are going down. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Cassius on February 24, 2014, 02:58:05 PM I think they are still alive because I have send my verification documents to MTGOX in 24. January To day it has just veriffied We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status. Uh huh. Always open to deposits. Even when you are going down. A bit like hotel california. you can stay but never leave! Why on earth would a sensible, law-abiding, well-run organisation like Mt Gox allow cash deposits even when they aren't allowing bitcoin withdrawals? eztezt: given the publicity, and general Goxishness of their Goxxing, doesn't this strike you as just a tiny bit suspicious? Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: bananas on February 24, 2014, 03:01:31 PM bankruptcy is a legal process that anyone who has a non paid credit with the company may start, it is not like mtgox will declare itself bankrupt
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: kevinm on February 24, 2014, 03:27:55 PM If Karpeles continues to allow trading on the platform whilst knowing that the company is insolvent, does that not amount to fraud?
It will be a very bad day for BTC if Gox goes under. The negative publicity that it will draw from the MSM will surely discourage new investors and drive the BTC price down. Miner manufacturing companies could take a big hit through cancelled orders/refund requests. So all the members who seem to take a smug position at the thought of Gox going under may like to think how that event may indirectly effect them. It aint gonna be pretty for anyone. cheers, kev Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Cassius on February 24, 2014, 03:36:45 PM If Karpeles continues to allow trading on the platform whilst knowing that the company is insolvent, does that not amount to fraud? It will be a very bad day for BTC if Gox goes under. The negative publicity that it will draw from the MSM will surely discourage new investors and drive the BTC price down. Miner manufacturing companies could take a big hit through cancelled orders/refund requests. So all the members who seem to take a smug position at the thought of Gox going under may like to think how that event may indirectly effect them. It aint gonna be pretty for anyone. cheers, kev Agreed: not pretty and a bad day for bitcoin. Short term, only the speculators who get in at lower prices will benefit. Sadly, the fact remains that Gox is a liability and so is Karpeles. In the long run, everyone in the bitcoin ecosystem is better off without them. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: keithers on February 25, 2014, 12:49:23 AM The worry of bankruptcy is one of the main reasons for the massive sell offs on Gox, otherwise people would be hanging onto their BTC. Trying to claim lost BTC in bankruptcy court is almost definitely a lost cause since most governments have not even classified BTC as a real currency.
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Skoupi on February 25, 2014, 12:52:49 AM There are a lot of people betting on mtgox bancruptcy right now...
Dunno what to think... Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: repentance on February 25, 2014, 12:54:02 AM It will be a very bad day for BTC if Gox goes under. The negative publicity that it will draw from the MSM will surely discourage new investors and drive the BTC price down. Miner manufacturing companies could take a big hit through cancelled orders/refund requests. So all the members who seem to take a smug position at the thought of Gox going under may like to think how that event may indirectly effect them. It aint gonna be pretty for anyone. cheers, kev The continued uncertainty regarding MtGox is far worse for Bitcoin than Gox going under would be. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: Skoupi on February 25, 2014, 12:56:01 AM The continued uncertainty regarding MtGox is far worse for Bitcoin than Gox going under would be. Don't worry that can't go forever... Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: bananas on February 25, 2014, 01:04:03 AM The worry of bankruptcy is one of the main reasons for the massive sell offs on Gox, otherwise people would be hanging onto their BTC. Trying to claim lost BTC in bankruptcy court is almost definitely a lost cause since most governments have not even classified BTC as a real currency. No, it is not. In a bankruptcy process all known belongings of a company are confiscated, it includes his fapuccino, his Magic The Gathering collection and all the BTC. Then it is used to pay everyone who claim in court to have a credit on a preference order ( taxes and employee credits are always first ). Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: repentance on February 25, 2014, 01:41:38 AM The worry of bankruptcy is one of the main reasons for the massive sell offs on Gox, otherwise people would be hanging onto their BTC. Trying to claim lost BTC in bankruptcy court is almost definitely a lost cause since most governments have not even classified BTC as a real currency. No, it is not. In a bankruptcy process all known belongings of a company are confiscated, it includes his fapuccino, his Magic The Gathering collection and all the BTC. Then it is used to pay everyone who claim in court to have a credit on a preference order ( taxes and employee credits are always first ). Nobody here is familiar enough with the Japanese insolvency process to comment with any certainty on exactly how it would proceed. The issue of whether Bitcoin claims can be treated differently from fiat claims arose in the Bitcoinica liquidation but to my knowledge hasn't been resolved as the liquidator hasn't been able to take possession of the Bitcoinica funds held on MtGox. We honestly don't know what would be liquidated in a Japanese insolvency. We don't know whether users would be regarded as unsecured creditors. We don't know whether the domain names and trademark would be sold along with all the BTC. We certainly don't know who might have claims superior to those of users. Generally speaking unsecured creditors rarely benefit from bankruptcy proceedings. The benefit of forcing the issue at this stage would be to stop MtGox owing even more people more money if it is indeed insolvent or forcing it to start paying what it owes if it's not. Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: mda on February 25, 2014, 04:34:42 PM Why would someone deposit to exchange when he could use 3-key escrow for the same money is beyond me... ???
Title: Re: How can I get an early notice if Mtgox goes bankruptcy? Post by: boumalo on February 25, 2014, 06:52:46 PM Why would someone deposit to exchange when he could use 3-key escrow for the same money is beyond me... ??? They trusted gox, it is convenient and somewhat easier than escrow when it was fulfilling people's withdrawing requests A lot of people were trading on gox as well But you are right, escrow was safer |