|
Title: Can MtGox sell my BTC stored in MtGox and then buy it back later ? Post by: finway on October 18, 2011, 10:31:33 AM Just curious.
If he does, he should pay me interests. Title: Re: Can MtGox sell my BTC stored in MtGox and then buy it back later ? Post by: kokjo on October 18, 2011, 10:40:52 AM they *can*. but i don't think the do
Title: Re: Can MtGox sell my BTC stored in MtGox and then buy it back later ? Post by: worldinacoin on October 18, 2011, 11:01:46 AM In theory, anyone can do anything but they do have a reputation to protect. Being the largest bitcoin exchange, why would they risk their reputation?
Title: Re: Can MtGox sell my BTC stored in MtGox and then buy it back later ? Post by: gnaget on October 18, 2011, 03:19:52 PM Of course they can, just like any bank. How do you think Bank of America pays all those mortgages? Rarely do banks pay interest, unless you promise to store your money there long term.
Title: Re: Can MtGox sell my BTC stored in MtGox and then buy it back later ? Post by: Andrew Vorobyov on October 18, 2011, 03:45:49 PM In theory, anyone can do anything but they do have a reputation to protect. Being the largest bitcoin exchange, why would they risk their reputation? Money... that's the reason... Thing that they were not audited ( were not they? ) gives a chance that this can be happening... Sitting on such big pile of cash can shift your business practice.... They can be doing it with small % of the funds at their disposal just to gain extra $... but I don't think they can do it with amounts enough to move the market.... Anyway, it's my IMHO only... and they can be clean as a child's tear ( or maybe not :) ) |