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seems like it should be before
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Seems about right, Bitcoin was on the frontpage of Yahoo today and most finance sites. They were even talking about Bitcoin on Pardon The Interruption on ESPN lol
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The should know how much in BTC deposits they should have had in reserves. They were 744,408 shy of that number. Seems like the easy to calculate it to me.
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one of the prediction markets should offer this such as Predictious.com
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You dont have the necessary licenses to be a money transmitter. Do this long enough and you'll probably get arrested.
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pretty sure the Amish Mafia was behind this
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Coinbase is processing their transactions. Coinbase is selling far more than $1m worth of Bitcoin's per month, Bitcoin falling has absolutely nothing to do with Overstock.
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I think the core devs should have their own donation fund, managed say by Gavin. What do we need the Bitcoin Foundation for?
Mark, Vessenes, Shrem - they're all a bunch of crooks.
Why don't those who honestly believe in bitcoin go together and distance themselves from these thiefs and conmen?
agreed 100% |
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How long do cashouts take here?
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added just in time  |
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it should just be completely disbanded at this point.
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the US dollar or any other means of payment would also be disallowed as per this wording
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I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason. Assets are things a business OWNS. Do you understand this simple balance sheet fact? Assets are NOT the money held for customers in what are supposed to be SEGREGATED Accounts. You really need to understand some basic principals of business or else you are going to be confused as to why these people will go to prison. wtf are you talking about? They weren't a bank. They were a chop shop exchange that didnt guarantee accounts. Anyone dumb enough to have left money there should have lost it. |
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yes Ill pay you 10 gox coins
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Place your guesses as to how much longer it will be till Mark Karpeles finishes dumping Gox's BTC and the price will start to return?
the 700,000 that 'got stolen'? |
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I missed dips in the market because of research, because of security, because of documentation, and because of bad timing, but NOW when I think I have all of my ducks in a row just when I'm about to pull the trigger (on some $515. btc) Coinbase says:
'sorry, we're sold out'
What?? It's 4pm on a Monday, get to transferring some coin from safe 'B' to safe 'A'.
Dagnamit!
Looks like they did you a solid. |
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I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason. |
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I suppose gox is well known, the advertising alone / brand recognition must be worth millions
the brand is worthing nothing. it is well known for bad adjectives only. yea the brand name has negative value at the moment |
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