My bid set to 12.00
Weeeeeeeeeeeeee.... I won, should I initiate the transfer on GoDaddy? |
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Dam, that's look bad. Most people don't have auth enable.
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You lost all you crypto most likely.
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What would they gain from being a fractional reserve  WARNING: PURE SPECULATION I'm changing my tune. Yesterday I thought the 750,000 BTC figure was FUD to get certain Gox creditors to voluntarily accept 10 cents on the dollar for their GoxBTC. The theory I'm leaning towards now is that the 750,000 BTC figure is true and Gox has indeed been operating as a fraction reserve. The theory is that sometime in 2011--probably after the crash from $30 to $10--MtGox was lax with security and a group of thieves or hackers was able to steal about 500,000 to 1,000,000 BTC. At the time, this only represented $10 million dollars. To avoid discrediting bitcoin and embarrassing himself, Mark pretended that nothing happened. He knew that BTC withdrawals were roughly balanced by BTC deposits (typical fraction reserve banking) and he hoped to slowly earn back the bitcoins through trading fees. Meanwhile, the thieves worked to mix their coins with non-stolen coins and slowly sold them off, thereby driving the bitcoin price eventually to $2 later in the fall of 2011. It was this extra selling pressure that continued through the remainder of 2011 and 2012 that kept the price of bitcoin artificially depressed. Meanwhile MtGox was buying coins whenever it had spare cash. But as the price of bitcoin exploded in the spring of 2013 they saw their liabilities in $ terms increase tremendously. But at this point they had to keep going, even using customer deposit money to buy coins from other exchanges or individuals. The problems at MtGox (probably due to extreme stress of MK) got worse, and MtGox lost market share, slowly dwindling down MtGox's small supply of coins. MtGox purposely mixed immature coins into withdrawal transactions, and later used the malleability excuses, all to buy time to somehow get more coins and make good on withdrawals. But eventually all hope was lost. Their supply of coins dwindled down to 2,000 BTC while their bitcoin liability were a huge 750,000 BTC. And here we are today. If this theory is correct, there are 750,000 less bitcoins in existence than what everyone thought. Very good theory, But if that's the case that will defiantly be consider a Ponzi Scheme, in which Mark, will be setting in prison for 15-25 Yrs, if process here in the US. |
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I call for ban of the torrent network.
Hell no, I support Torrent... Long live TPB! |
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I my self put it on the back, being that its kind of big.
1.0123 BTC vs BTC 1.0123
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We will be closely monitoring the situation and will react accordingly.
Best regards,
MtGox Team
Go to a Country that doesn't have treaties with the USA and Japan |
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There's too many letters of MTGox in the name, that's a bad omen...
Don't want to sound superstitious, but it's already going that way i see.
It starts with:
IGOT all your coins
and ends with:
ILOST all your coins.
LoL... That afew days delay, not possible unless they have issue in the backend. To iGot, the whole point of BTC, is how fast it can be move from Point A to B |
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I've done a small deposit and withdrawal with these guys. While they are sloooowww, they are legit. I deposited cash via BPay, it took a couple of days to appear on my account. I bought BTC, which happened immediately. I then transferred BTC to another wallet, and that took several days to happen, but did happen.
I don't store my BTC with them, or any on-line wallets, I use my own on my PC and back it up onto the web. I only use them to buy BTC.
I then transferred BTC to another wallet, and that took several days to happen, but did happen^^ That's the reason I wouldn't use them. Today its afew days, next week a month, then Gox 2.0. BTC transfer should be initiated in seconds. |
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Better earlier send the disput to PayPal.
DO NOT MEANTION THAT IT WAS BITCOIN ... MEANTION THAT IT WAS A COMPUTER MINING OR ANY OTHER THING THAT IS PHYSICAL. |
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We have a coin that is in desperate need of re-branding, and our first step in that process is obtaining a new logo: What We're Looking For:- Preferably incorporates Unicode Character U+0284 ( ʄ )
- A clean, modern look
- Something that exudes / promotes the idea of friendship
- A design that emphasizes the social aspects we intend to bring to the coin in the near future
Current logo:  I like your logo, just make it more realistic. |
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I my self purchase some goxBTC at Josh's site. I don't mind if I loose them if the site doesn't come back.
ANY INVESTMENT FOR GOXBTC SHOULD ALWAYS BE CONSIDER VERY HIGH RISK. - I don't want you tell me, I follow your lead and lost my life savings or something.
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It will crash, I thinking around 400-550, once we deal with Gox Question then we might begin an uptrend.
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I think grand juries are designed to indict suspects on preliminary evidence. If an indictment results, a warrant for arrest is issued. Congress would not be involved in this matter if a US Attorney is involved (i.e., Dept. of Justice =/= Legislature).
OK. But do you agree that "there must be a pending suit in a civil matter or charges filed in a criminal matter before a subpoena can be issued" is completely incorrect? Subpoenas often come before someone is charged with a crime. --- To tie this back to the thread, it's certainly possible that the US sent Mt. Gox a subpoena because they were investigating possible wrongdoing, and when the attorney working for Mt. Gox looked into things to try to respond, they came to the realization of "oh shit, Gox doesn't actually have any money!" The investigation leading to the subpoena may or may not have been related to the lack of money, in such a (hypothetical) scenario. No, I do not agree. I will graciously concede the argument and admit that I'm wrong if you can show me a rule of court procedure that shows me I'm wrong (no ill-will or ego, here). Until then, I'm going to go with what I know from my own experience as an attorney who practices a fair amount of civil litigation. I'm also going to go with this theory: there is a federal criminal case pending where the Defendant (XXX) engaged in a fair amount of trading at Mt. Gox and the prosecutors want to discover information related to those trades for their case against XXX. I'm not an OFFICIAL Attorney but been sue a few times, I always go Pro-Se. I'm actually being sue at this moment and also suing Cox, for trolling my connection. |
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Mark will fix everything.
From a US Jail, LOL... The prisoner's will like his flatty ass. |
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Japan wont even think about it, His not even Japanese  |
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Can you add Coinbase to the top?
Thanks, CrashX
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Hard to imagine someone buying Gox when it has that much outstanding liability. I don't see any other option besides bankruptcy and goxcoin/goxbucks owners taking it in the pants.
I purchase afew, don't mind taking the risk. always as a HIGH RISK Asset |
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