Opencoin is pretty rich right now then huh?
yes this appears to have helped them!!!! and XRP price |
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RIPPLE REPORT XRP 10K per BTC now, XRP really going up v BTC!!!! XRP has gone up about 50% at least today V BTC....Is ripple closed to new users?  |
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You have never had your bank account frozen/garnished have you....that "piece of paper" can do both very quickly
If you showed up at my bank with a court order from Japan they aren't going to touch my account. The second they improperly touch funds in my account they open themselves up to a lawsuit (and I'm sure their insurance company wouldn't like that). The only way they are going to freeze or garnish my account is if they are legally obligated to and court orders from other jurisdictions are not generally legally binding. Posted by: darkmule
They wouldn't show up with a court order from Japan. They'd show up in court here with the foreign judgment, and depending on the jurisdiction, have the foreign judgment domesticated and enforced, obtaining an enforcement order from the local court. Then they would serve the bank with an order from the local court incorporating the judgment of the foreign court.
Japan is, of course, party to the treaties which allow this, and United States law has, itself, recognized the judgments of foreign courts both in common law and under statutory law passed pursuant to the mostly Twentieth Century treaties.
also you wouldn't even know they were at you bank, until you tried to use your funds, and they would be frozen. At that point how are you going to even fund a law suit or do anything... the bank manger does not give a %^#% about you and will always obey a court order vs protect your account (kinda one of the stong points of BTC/CC ...when you think about it and Mt.Gox could have a lot stashed in BTC, though how they convert it when they are taken out is interesting) |
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I'm sure if you buy some of the electronic cigs he's 'promoting' he will be cool with your donations.  lol made me laugh...but good luck to him he is trying to support his family...props! |
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I will repost what I said on the foundation boards: Me I have to point out that this conduct is utterly disgraceful. We are not the linux foundation with Linus at the helm and megacorporations tied to the security and well-being of our product. The Bitcoin Foundation is small and heavily underfunded for the tasks it is seeking to accomplish. To have one board member sue another who happens to control the largest means of currency exchange for 75 million dollars without any forewarning or joint statement to the members of this foundation is beyond common sense.
How can Peter and Mark successfully execute their duties? This isn't AMD and Intel arguing over a patent. If Peter wins his lawsuit, then Mtgox will fold. If Mark wins, then how exactly will Peter explain to his investors that he spent their money on a failed legal venture? There is already a bank run at Mtgox with hundreds of people trying to pull out.I wouldn't be surprised to see fractional reserve rumors come soon -anonymously of course. The whole thing smells really dirty and it makes me sad.
Honestly, what I am most upset about is that you guys aren't asking for Peter and Mark to temporarily step down until this issue has been properly managed. Is there even a media plan at this point? Come on guys. From Gavin: I like the Linux model better, with lots of developers at lots of different companies (and some independent) contributing. Me That works well because corporations make money off of linux and thus have an incentive to contribute. Governments use linux and thus wish to keep it secure.We need to get bitcoin past some threshold that will make corporations comfortable investing dev resources to build products on top of bitcoin. For example, Facebook could become the largest online wallet provider in the world. It could effectively kill kickstarter and revolutionize the donation model for non-profits.
Some entity with credibility needs to court them into committing to a beta test. I disagree that we could replicate the linux model completely because we have no leader. Satoshi doesn't want to be Linus, which is his right, yet it means decisions end up getting made without any community consensus. John Smith: The Linux Foundation may have plenty of lawsuits between companies but we're not quite the Linux Foundation yet. Bitcoin is still very small. Also Linux has very little to lose from one of the companies in the Linux Foundation going under.
But for Bitcoin this kind of infighting at this stage is unacceptable and hurts people's trust. There's a lot more at stake here. $75 million is not pocket change even for MtGox. Are the people with deposits at MtGox at risk?
Member corporations sueing each other for money is a negative sum game, and it certainly looks like a conflict of interest to me with the goal of the Bitcoin Foundation. fractional reserve rumors come soon...
really wow....that's....just wow... I'd love to know the estimated CRR....1000:1? also it's funny how people want to be led so badly This may suggest BTC going the way of the Betamax. |
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Donations for what? Should not be begging in your title for donations.
why the down on this? takes time to do, and I have received a bit from some people....be a contributor not a hater |
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Here is a GOOGLE docs front end you can use it has been used by BTE, FTC and Some one said CNC as well. http://www.4bitchan.org/It fits alot of the data quite well, change color scheme to suit, also grabs a USD/BTC price that is reasonably up to date Regards |
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I just don't know why coinlab is bothering with mtgox. If they COULD make a decent exchange, they could bury gox easily. Just put the damn thing up and go. Mtgox is such a boatload of fail people would dump them in a heartbeat if something better and reliable were available.
they don't need customer account and passwords. That's BS no one should be handing that over anyways.
I know this is kinda mind-boggling |
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You have obviously never won nor served an ex-parte injunction on a CEO before or their banks/IT suppliers....can do it in about 2 HRS Max.
I doubt this will be the case here.
Again, serving a piece of paper on someone is next-to-useless if it's not enforceable in that jurisdiction. Even if it is, that piece of paper itself can't actually force them to do anything and if you go kicking down their door and ripping out servers to "enforce" the order yourself, you're not going to be doing yourself any favours. Oh and why exactly would this be ex-parte? That's not a simple threshold to meet and since they now can't argue that informing mtgox about the application could cause serious harm (since they've apparently already been served with it) or that there is an urgency issue (since they apparently have had time to issue and serve the application and they apparently didn't bring a successful motion at the time) so I'm curious as to whether you had a reason for saying ex-parte or you just threw it in there because you thought it sounded legalish. You have never had your bank account frozen/garnished have you....that "piece of paper" can do both very quickly ex-parte is a general term for seeking something (eg relief) when the other party is not present, you will note I said relief would be unlikely to be granted in this case, so thank you for agreeing with me. I for one however would not be leaving funds on Gox for a few days/week at least. |
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i. Gavin Andresen, Bitcoin Developer residing or doing business in Amherst, MA, USA. https://gist.github.com/gavinandresen/5509626ii. Peter Vessenes, CEO of CoinLab and residing or doing business in Bainbridge Island, WA, USA. http://coinlab.com/statusiii. Charles Shrem, CEO of BitInstant residing or doing business in Brooklyn, NY, USA. iv. Roger Ver, CEO of MemoryDealers residing or doing business in Santa Clara, CA, USA. https://109.201.133.65/index.php?topic=193922.msg2013531#msg2013531v. Patrick Murck, Principal at Engage Legal, PLLC residing or doing business in Washington, DC, USA. vi. Mark Karpeles, CEO of MtGox.com and residing or doing business in Tokyo, Japan. https://mtgox.com/pdf/20130503_coinlab_lawsuit.pdfvii. Satoshi Nakamoto, at satoshin@gmx.com, author of the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” published on http://bitcoin.org and owner of the PGP Public Key with fingerprint: 5EC948A1. (founding member-- REALLY??) how so?? - anyway not comment from him either. Did I miss anything. wow this is almost Shakespearean farce/tragedy/Hurbris and makes it looks like Hamlet ended on a relatively positive note Roll a dice and Match the comment to the maker >> (much better than using guns, by the way) is this a dystopian prediction for 20 years hence (also the Universe would be much better run from Git Hub, I'm sure that's how the 10 commandments came were pulled down) >>my biggest hope is that Mt. Gox does an excellent job keeping Bitcoiners safe and liquid and trading on the exchange. (but I am suing them for 75$M and sold of alot of BTC before filing, and am buying some back now, as I type...I think I even out-printed Ben for a couple of minutes) >>WTF no one tells me anything >>They Did what now, I will just acknowledge this that will work....OH I just effectively acknowledged service myself....removing yet another barrier to being sued, and saving postage to Japan for the plaintiff >>I got out of the Cluster F546 years ago, and they still exhume my ghost in here.....taking my name in vain |
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Ok there is the classic battle of the forms as to which jurisdiction apply
but in the case where both parties agree to a jurisdiction, then the matter is 99% of the time heard there, and most other countries court will accept this in a civil case.
If they get an order against mtgox that's just the beginning. Even if a court is quick to grant relief against mtgox that does not mean enforcing that order will be anywhere close to easy. They could get an order today saying mtgox owes them $75,000,000 - that doesn't mean they'll ever see a dime of the money. You have obviously never won nor served an ex-parte injunction on a CEO before or their banks/IT suppliers....can do it in about 2 HRS Max. I doubt this will be the case here. |
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I think MtGox agreed to US jurisdiction, thus it may allow a very quick injunction to freeze all Gox assets that a Japanese court would probably just assent to due to the agreement of jurisdiction. I would keep all funds out of Gox until you can see this taking years or not.
The contract is governed by laws of Canada, USA and Japan, if any of the these countries' law or regulation weren't complied with - the contract is void (it is actually is in the contract). Data privacy laws, were they followed in all three countries? Financial regulations of selling private accounts? Ok there is the classic battle of the forms as to which jurisdiction apply but in the case where both parties agree to a jurisdiction, then the matter is 99% of the time heard there, and most other countries court will accept this in a civil case. You don't have to sell anything or reveal any private data. You just in-junct Mt. Gox from removing funds---however usual precedent is an injunction will not sound against normal trade, as if the suit fails, it will have done un reparable damage, and normal trade is just that, not money hiding/siphon off. Further Mt Gox could argue that its is in CL interests to do normal trade as this give more possible money to pay out. |
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This might not be a huge concern for mtgox.
First: it's a big lawsuit so it's guaranteed to take years (not including appeals which wouldn't surprise me).
Second: isn't mtgox owned by a Japanese company now? Where are their servers? Even if coinlab could get some quick injunction to stop mtgox from operating in North America while the suit continues they'd have to actually be able to enforce it. Good luck doing that quickly / at all depending on where mtgox has/moves its servers.
Third: even if coinlab is successful at getting a monetary judgment from mtgox that is where their quest begins - THEN they have to actually go about trying to collect the money from mtgox. Due to the global/international nature of the internet (and the ease at which bitcoins can be "lost") that could also take a significant amount of time.
Unless they can get an emergency injunction enforced quickly, it is likely business will continue as usual at mtgox for quite some time.
I think MtGox agreed to US jurisdiction, thus it may allow a very quick injunction to freeze all Gox assets that a Japanese court would probably just assent to due to the agreement of jurisdiction. I would keep all funds out of Gox until you can see this taking years or not. |
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No, CoinLab is supposed to handle all Mt.Goxs US customers. But apparently MtGox hasn't transferred the customer data to coinlab, and even the lawsuit claims that MtGox has been Banning people who use Coinlab. Who knows.
doesn't really matter CL directing people to MtGx who they are suing for not sending people to them.... |
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[WTB] 5000 4000 CNC best offer
can pay in
LTC/BTC/TRC/PPC/IXC/XRP
EDIT::Best offer so far 11LTC per 1000CNC
EDIT 2
purchased 1000 for 10 LTC
looking for 4000
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can gox do anything right? they have inadvertantly sabotaged the bitcoin market over and over and over. geez. maybe if people started learning how to use other exchanges and boycotting gox, this would be a non-issue.
you kinda have to think gox is taking positions in btc then screwing themselves to get cheap BTC |
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should see it in Ripple....-ve spread a bit over 1000 XRP.....great stuff!!!!
Bid = 12,939.99
Ask = 11,650.00
Spread = -1,289.99
Last price = 11,070.62
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Free money? Gimme sum dat.
i will give you 500 XRP for 1 BTC if you want to get started!!!! |
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Coinlab don't need 75 mils, they probably can get the same amount by unloading all their coins before filing the lawsuit, and take them back before withdrawing it.  so No brainer lawsuit, sell coins fud market buy back = Win.... the law suit you had to have |
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