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Title: Wait a minute, is this really possible? Post by: Remember remember the 5th of November on February 28, 2014, 01:39:38 AM I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be
Title: Re: Wait a minute, is this really possible? Post by: V4Vendettas on February 28, 2014, 01:47:15 AM https://bitcointalk.org/index.php?topic=490961.0 (https://bitcointalk.org/index.php?topic=490961.0)
Title: Re: Wait a minute, is this really possible? Post by: Remember remember the 5th of November on February 28, 2014, 01:48:03 AM https://bitcointalk.org/index.php?topic=490961.0 (https://bitcointalk.org/index.php?topic=490961.0) It's based on that thread that I started this one. I mean I was living a happy-go-lucky 3 years and now I find out I might be sued? Unbelievable. Title: Re: Wait a minute, is this really possible? Post by: humanitee on February 28, 2014, 01:49:17 AM https://bitcointalk.org/index.php?topic=490961.0 (https://bitcointalk.org/index.php?topic=490961.0) It's based on that thread that I started this one. I mean I was living a happy-go-lucky 3 years and now I find out I might be sued? Unbelievable. Wouldn't it be the last party to have the coin? If it worked the way you're thinking the robbed party would accrue all profits every time the coin changed hands which makes 0 sense to me. Title: Re: Wait a minute, is this really possible? Post by: Melbustus on February 28, 2014, 01:49:41 AM Consensus in that thread thusfar seems to be: unlikely.
Title: Re: Wait a minute, is this really possible? Post by: V4Vendettas on February 28, 2014, 01:50:39 AM OP Tbh I think thats jumping the gun a little . Right now no one has clue whats going on so ...shrugs
Title: Re: Wait a minute, is this really possible? Post by: Coins4life on February 28, 2014, 01:51:22 AM I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be Tbh I wouldn't worry about this right now. If something like that ever happened I'm sure the statute of limitations would be long gone. Just be glad you actually got out before now. Title: Re: Wait a minute, is this really possible? Post by: V4Vendettas on February 28, 2014, 01:51:57 AM I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be Tbh I wouldn't worry about this right now. If something like that ever happened I'm sure the statute of limitations would be long gone. Just be glad you actually got out before now. Yep congrats Title: Re: Wait a minute, is this really possible? Post by: Remember remember the 5th of November on February 28, 2014, 01:52:15 AM I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be Tbh I wouldn't worry about this right now. If something like that ever happened I'm sure the statute of limitations would be long gone. Just be glad you actually got out before now. Title: Re: Wait a minute, is this really possible? Post by: phzi on February 28, 2014, 01:52:49 AM Basically, no. That thread is totally FUD. MtGox was offering a trading service... they might have been running a fractional reserve, but it wasn't a ponzi scheme.
Title: Re: Wait a minute, is this really possible? Post by: goose20 on February 28, 2014, 02:13:37 AM Even if it was legislated somewhere that this was a possibility, the costs to administer any attempt to recover from 1000’s of people would far outway any recoveries. Never going to happen mate. I do not know the position/legislation of other countries – but having been an Insolvency Practitioner in Australia for many years – I can provide the position as it would be in OZ (I would assume most countries would have a similar line). What you are talking about is receiving a Preferential Payment (PP). And a PP can be recovered by a Liquidator of a company in liquidation. However, a creditor/debtor relationship needs to have existed, AND the creditor must have known, or ought to have known, at that time that the debtor was unable to meet its payments as and when they fell due. I do not think a customer of Gox was a creditor firstly. And in no way can anyone prove that someone should have known back in 2011 that Gox would be insolvent in 2014. The two events cannot be tied no matter how it all gets twisted. You're sweet. Title: Re: Wait a minute, is this really possible? Post by: traderman on February 28, 2014, 02:42:26 AM Another reason why bitcoin and fiat should never mix.
Title: Re: Wait a minute, is this really possible? Post by: Vod on February 28, 2014, 02:56:24 AM Another reason why bitcoin and fiat should never mix. MTGox made money on every transaction. It was a great business model. It collapsed because a substantial amount of coins went missing. External theft or internal corruption, we may never know. Title: Re: Wait a minute, is this really possible? Post by: traderman on February 28, 2014, 03:07:57 AM The more bitcoin and fiat mix the more excuses the politicians will have to meddle and try and disrupt cryptos. There is no middle ground in this fight unfortunately.
Title: Re: Wait a minute, is this really possible? Post by: whtchocla7e on February 28, 2014, 03:11:23 AM I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be You would get your coins back and they'd be worth 10x more now. Is that a bad thing? Title: Re: Wait a minute, is this really possible? Post by: Bitcoinpro on February 28, 2014, 03:14:14 AM Fraudster Mark has the coins go search around official Mtgox addresses and shut up
Title: Re: Wait a minute, is this really possible? Post by: CurbsideProphet on February 28, 2014, 03:15:02 AM Basically, no. That thread is totally FUD. MtGox was offering a trading service... they might have been running a fractional reserve, but it wasn't a ponzi scheme. Basically this. Plus it was reported Gox had almost a million customers, you think they're going to sue a million people? C'mon. Title: Re: Wait a minute, is this really possible? Post by: hostmaster on February 28, 2014, 03:16:24 AM Basically, no. That thread is totally FUD. MtGox was offering a trading service... they might have been running a fractional reserve, but it wasn't a ponzi scheme. Agreed. There are many speculation which is untrue! |