Will check if I have the same problem. What version of Windows?
Wait.... the .exe file for iXcoin 0.8.6 is named ixcoind.exe and the client is iXcoin-qt.exe ... so it appears you are running the old client using the new database!
Yes, I am using the old client with the old database. It crashes on startup. Information about the new client is at www.ixcoin.co under downloads section. |
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Can we use the old logo?
No |
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i still have that runtime error on the new windows wallet, worked fine on first run, it synched my old wallet address (the one which wouldn't send out coin), I managed to send Luke his 5 ixcoin back, then after my laptop had restarted, this every time I try to run the ixcoin wallet;  That is my issue too. Will check if I have the same problem. What version of Windows? Wait.... the .exe file for iXcoin 0.8.6 is named ixcoind.exe and the client is iXcoin-qt.exe ... so it appears you are running the old client using the new database! |
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What is the Mt. Gox endgame, and why? Put forth your arguments with facts and sound point by point logic.
Thank you.
1)Buy panicked customers coins from their own exchange at $0.2 on the $1 2)Transfer and sell the coins at another exchange at market price while prevent everyone else from doing so 3)Rinse and repeat until the hole is filled and with a very nice profit in mark's pocket 4)Innocently reopen the btc transfer citing technical issue resolved...after wiping out majority of customers holdings 5) Retire and enjoy a wonderful life mark karpeles is an absolute scum and thief, he would be in jail right now if this is any other currency but bitcoins. I truly hope they catch this criminal. sounds plausible ... MtGox just hit $95 Plausible??! Entirely possible. Nothing prevents MtGox from taking advantage of this arbitrage opportunity. Their BTC withdrawal problem are just a ruse to prevent people from discover Mt.Gox massive short position. Now the current price at Mt.Gox is allowing them to again cover their short. It was the same in April, when it hit $50. Mt.Gox made up a technical glitch because they were massively short. |
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What is the Mt. Gox endgame, and why? Put forth your arguments with facts and sound point by point logic.
Thank you.
Buy customer coins at discount prices, sell on other markets, repeat until all MtGox coins are purchased, resume business as normal. Good point. In the US the profits of such trades would be seized but in Japan? But is that unethical? People sell at these prices, nobody is forced to do so. And blaming them for leaving the engine running is moot - people here would complain even more if they would stop trading, too. If Gox had any common sense they would show the public keys of some of their (cold) wallets right on their front page so to soothe the market.  Unethical because if you sell BTC that isn't really backed by real BTC, then you can certainly squash the price. Furthermore, by not allowing BTC withdrawal, there is no way to verify if the BTC anyone purchases is real. |
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Exactly.
They could be using abandoned customer accounts with withdrawal functionality enabled. I'm sure there are thousands of accounts that haven't been used in years. Just log in from a TOR node and you're setup to make millions a day in trades. The fact that the trading engine is still running is what makes me think there may be some hanky panky.
Any responsible exchange would have shut down the trading engine until deposits and withdrawals were working.
Agree entirely, Mt.Gox has no business running trades while they can't allow their customers to withdraw. In addition, any reputable exchange would have halted trading due to the massive discrepancy of their price with what other exchanges are quoting. |
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What is the Mt. Gox endgame, and why? Put forth your arguments with facts and sound point by point logic.
Thank you.
Buy customer coins at discount prices, sell on other markets, repeat until all MtGox coins are purchased, resume business as normal. That is what appears to be happening now. Mt.Gox needs to hold down the price long enough for their fiat to be transferred from whatever other exchange they are using. If you watch the markets closely, you notice there appears to be selling pressure on the exchanges. Could this be Mt.Gox selling the coins that it got at deflated prices? |
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Alright.... I've had enough. AMT said they would ship the 1.2 THs unit this week.
It is Thursday and absolutely no word from them.
I therefore am selling another 1.2Ths..... Price 11.5 BTC. AMT will facilitate the trade like they did my previous machine.
Order #961 PM me if interested.
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Gox BTC currently is worth 20% of non-gox btc yet people are buying at 50% on this site. I don't get it. Lots of risk buying Gox BTC at this point imo for only a 50% discount.
Yes, that is indeed interesting. |
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Likely prison time.
You can't be a custodian and then say that you lost all the money or BTC.
That is criminal behavior.
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The lower the exchange rate, the more volume you will see of the asset being traded. (It takes more volume to trade the same value.) This isn't rocket surgery! In this case we are dealing with fake Bitcoin IOUs issued by a dysfunctional, incompetent, possibly insolvent company. These IOUs are proving to be practically worthless, as they should be. Although, the fake fiat IOUs are probably just as worthless.  However, both Bitcoin and Fiat at Mt.Gox are fake. So how is it the price of BTC lower relatively? The explanation for this is that there 5 times more fake Bitcoin than what really exists. Furthermore, Mt.Gox does not dare to fake USD. |
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This does not answer the question - why is goxbtc price so cheap compared to goxusd. They are both gox, and have been non-withdrawable for about 4 weeks.
Because, in the case of bankruptcy and court proceedings, claims in fiat are more likely to be disbursed to the creditors. BTC claims add a layer of complexity and may not even be recognized during liquidation. The Japanese legal system is opaque at the best of times. ^^This. if you put your claim on fiat, you will at least have a chance that your lawyer will quote highest market price in relation to the BTC held. at the end of the day, it's still convertible. Actually the only reasonable explanation of the price of BTC at mtgox is that what is being sold is not real BTC. If it were, then the price would remain the market price. The value however of goxusd or goxbtc would be significantly less. However that can't be measured unless there was a way to withdraw or deposit. |
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This does not answer the question - why is goxbtc price so cheap compared to goxusd. They are both gox, and have been non-withdrawable for about 4 weeks.
Because, in the case of bankruptcy and court proceedings, claims in fiat are more likely to be disbursed to the creditors. BTC claims add a layer of complexity and may not even be recognized during liquidation. The Japanese legal system is opaque at the best of times. People who deposited fiat or BTC are not creditors. If fiat or BTC are missing in the accounts of the custodian, then this is fraud. This is very different from a company that declares bankruptcy because of lack of cash. It does not matter if the money is fiat or BTC. It is highly likely in the next few days, people at Mt.Gox are going to be arrested. |
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What is the theory - why is goxbtc/goxusd price so low?
OMG its not a theory, its in front of your eyes ! Insiders (people connected to Mark and other readily accessibles accounts and he himself are cashing out!) no matter what ---- nobody is doing anything about that --- so they just go on....extincting any kind of proove...creating a story together with some parasites laywers and the die is cast - pronto This does not answer the question - why is goxbtc price so cheap compared to goxusd. They are both gox, and have been non-withdrawable for about 4 weeks. That is actually a good question. goxbtc and goxusd should both be worth equally less since both are equally at risk. However, goxbtc unlike goxusd clearly is much lower. Therefore, I would conclude that goxbtc is NOT real BTC. While goxusd is real USD, but not withdrawable. If nobody believes it now ....hindsight will tell you that those dollars are real and have been withdrawn as were all the real BTC. If you can't withdraw BTC ('coz likely it isn't real), then why are they allowing the trading to continue? It is obvious that they are gaming the system so people will sell their real BTC. This is very sick. |
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Why is MtGox even trading if you can't deposit or withdraw fiat or BTC?
Shouldn't all trading be halted at MtGox until everything gets normal?
The fact that they are allowing BTC to be traded at 20% of the market value tells you that they are gaming the situation!
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What is the theory - why is goxbtc/goxusd price so low?
OMG its not a theory, its in front of your eyes ! Insiders (people connected to Mark and other readily accessibles accounts and he himself are cashing out!) no matter what ---- nobody is doing anything about that --- so they just go on....extincting any kind of proove...creating a story together with some parasites laywers and the die is cast - pronto This does not answer the question - why is goxbtc price so cheap compared to goxusd. They are both gox, and have been non-withdrawable for about 4 weeks. That is actually a good question. goxbtc and goxusd should both be worth equally less since both are equally at risk. However, goxbtc unlike goxusd clearly is much lower. Therefore, I would conclude that goxbtc is NOT real BTC. While goxusd is real USD, but not withdrawable. |
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My guess: MtGox will be bought by another exchange and our BTC will be transferred to this new company.
Those who kept their BTC will get their money back (as the could sell back their BTC at "normal" price).
MtGox executives will loose money, depending on the value MtGox will be bought.
That would be a fair solution.
"according to Marco Santori, Chairman of the Bitcoin Foundation’s Regulatory Affairs Committee, “there’s a lot of people that think that they are getting a deal.”
Opinions ?
If Mt.Gox is selling their customers BTC at 80% off the market price to another exchange, then surely that would be a bargain. However, what right does Mt.Gox have to sell their customer's BTC? |
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The price of BTC on Mt.Gox at $123 assuming efficient markets (which clearly it is not) tells you the following:
MtGox BTC is likely not real BTC. The probability that it is real is 20%.
MtGox has a shortage of USD and by pricing a non-market price for BTC is actually providing incentive of up to 400% on USD deposits. This assumes of course BTC at MtGox is real.
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UPDATE:
MTGOX @ $123
This could also mean the $1 in MtGox is actually worth 20 cents in the real world. |
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