So your thesis is that MtGox is not only insolvent, they have less than 64.8% of their deposits?

One of two things is going on here: a wealthy insider knows Gox is totally empty and is selling at any price, or people are being irrational and stupid as usual. I'm going with the latter.

I picked up 39 goxcoin at 0.54 yesterday. No concerns.

My SEPA went through in 2 days. Got some cheap coins at $260

Account registered February 14th, 2014. Must be credible. 

1. Governments will NEVER drop attempts to censor, no matter what acronym it's snuck through the back door with. SOPA already "failed", so the US is going to the UN for this stuff.

And even without SOPA.... The DOJ, DOC, FBI, ICE, etc. seize domains ALL DAY EVERY DAY. In all nations. Through international treaties. And look what happened in Turkey last week. Dot-Bit would have prevented that.

2. Even if we achieved worldwide LibPar (libertarian paradise) tomorrow, Dot-Bit is far more secure against HTTPS and DNS hijacking (which could still be done by individuals in the absence of government) than centrally controlled domains. (Dot-Com and the rest.) Dot-Bit has advantages that go far beyond preventing censorship. It's what the Web should have been built on from the start, but Satoshi / Appamato / The Namecoin Team / Jeremy Rand were just little kids then. (I'm assuming about Satoshi, but the rest were.)

If Obama really wanted to "protect the Internet" (which is how the pass all the tyranny), he'd encourage everyone to switch to Dot-Bit.

The government will never do that. And will quietly do quite the opposite.

MWD

Another important change is that the new software will not use standard domain names. Instead, it will use its own fake DNS system that will link the site’s name to a unique and verified public key. For example, within the application bt://mysite.p2p/ will load 929548249111abadfjab29347282374.p2p.

“Site owners will be able to register their own names, which will serve as an alias for the curve25519 pub-key that will identify the site,” the Pirate Bay insider notes.

“The “domain” registrations will be Bitcoin authenticated, on a first come first served basis. After a year the name will expire unless it’s re-verified.”

Fact #1: MTGOX has halted withdrawals and has them halted despite Bitstamp halting them and resuming in a shorter time than Gox is taking.

Fact #2: No one but Gox would have the addresses to which said funds were stolen were sent to.

Fact #3: If they had all the bitcoins they could prove it very simply. But they have not.

Fact #4: Gox has a notorious reputation for saying something and not following through.

Fact #5: Mark was confronted in person by a customer and could not and would not answer his questions of whether or not Gox has all the bitcoins.

Fact #6: In every issue with MTGOX they always blame someone else.

Those are enough facts to show me that MTGOX is indeed not to be trusted. Likely they are insolvent.

If it walks like a duck and sounds like a duck...you know the rest.

Why would anybody need to accept namecoins?  Namecoin's success depends on people wanting to store public key-value pairs in its distributed dictionary, not from people using it as a medium of exchange.  Adoption of this plugin increases the visibility of the dictionary which will cause more people to want to store references in it.

I've been trying to apply some logic to this situation and am not able to reach a rational solution except that MtSux is truly insolvent and a select few insiders know it.

what the fuck @ mtgox price!

I'm seriously *this* close to wire money there. The only thing keeping me from doing it is that I can't bring myself to support that incompetent piece of .... in any way.

I don't get it. It's not that unlikely for magicaltux to return the coins, is it?

What's the going rate for 1 mtgoxBTC in blockchainlBTC?

The question is, who the hell is buying them!!

"Gox support is trying to convince me to cancel my USD withdrawal and buy back BTC. If a bank operated like this they would be shutdown in an instant. All I want is to get my money out and never go near the exchange again yet instead I'm involved in a 'discussion' with their support that goes around in circles & never ends."

LAUGH MY ASS OFF.

See this part, "If a bank operated like this they would be shutdown in an instant."

Really genius. Why do you think that any rational person is saying that bitcoin in a bubble/Ponzi scheme/scam and that it can just as easily go to zero tomorrow as $1,000,000 each. Nobody to save you - you 'old miner / timer' goof. No bank, no central authority, no cops, no government, nada, zip, zilch, you have been fleeced and get that into you.

I am focusing all my effort both day and night to rip off / hack / steal / scam every bloody bitcoin I can, and dump it as fast as I sell it. This bitcoin mania is the single biggest opportunity in the history of cybercrime to make it big!

Now back to hacking I go... more noobs wallets to steal