|
It takes a lot to kill a brand. We're still buying gas at Exxon and BP, banking at Chase and HSBC ("the world's laundromat"), etc etc.
There's no doubt they're likely to be bought out, the new owners will gain massive cred in the bitcoin world if they can right this ship.
|
|
|
|
|
The draft looks like something either prepared by a consultant at the request of potential investors or by someone commissioned by mtgox as a document to present to selected foundation members/potential investors, considering in the circumspect timing (minutes after the leak) of the joint letter denouncing Mt.Gox.
It was probably written by someone given only superficial and selective access to the situation and some very approximate numbers. In other words, a last ditch hail-mary pass in the face of imminent insolvency.
Anyone else notice that Mt.Gox appears to have had one single employee 2013-14 (60K/yr salary)? Karpeles himself? And that all other staff were aparently contractors?
|
|
|
|
World wide regulation will smash the bitcoin ecosystem into a million tiny little pieces. In that form, bitcoin will thrive.
+1 bitcoin is antifragile |
|
|
|
BBC news: http://www.bbc.co.uk/news/technology-26333661Full text: The exchange has been hit by technical issues and recently halted all customer withdrawals of the digital currency after it spotted what it called "unusual activity".
The move is a setback for backers of Bitcoin, who have been pushing for greater adoption of the currency.
Meanwhile, six other major Bitcoin exchanges issued a joint statement distancing themselves from MtGox.
"This tragic violation of the trust of users of MtGox was the result of one company's actions and does not reflect the resilience or value of Bitcoin and the digital currency industry," the exchanges, including Coinbase and BTC China, said in a statement.
"As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.
"We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfil the promise that Bitcoin offers as the future of payment in the internet age," they added. |
|
|
|
|
However this current (mostly manufactured) 'crisis' plays out, it's clear that mtgox's potential to profit from it has been huge. It's highly unlikely that they have not leveraged the situation to their financial advantage somehow.
What's almost certain however is that any funds they have left, even after this latest in a string of ongoing fiascos, will never cover the existing and upcoming lawsuits to be filed against them.
MtGox is dead, whether they know it or not. They can never rebuild the confidence they've lost at this point.
|
|
|
|
|
However this current (mostly manufactured) 'crisis' plays out, it's clear that mtgox's potential to profit from it has been huge. It's highly unlikely that they have not leveraged the situation to their financial advantage somehow.
What's almost certain however is that any funds they have left, even after this latest in a string of ongoing fiascos, will never cover the existing and upcoming lawsuits to be filed against them.
MtGox is dead, whether they know it or not. They can never rebuild the confidence they've lost at this point.
|
|
|
|
|
However this current (mostly manufactured) 'crisis' plays out, it's clear that mtgox's potential to profit from it has been huge. It's highly unlikely that they have not leveraged the situation to their financial advantage somehow.
What's almost certain however is that any funds they have left, even after this latest in a string of ongoing fiascos, will never cover the existing and upcoming lawsuits to be filed against them.
MtGox is dead, whether they know it or not. They can never rebuild the confidence they've lost at this point.
|
|
|
|
|
However this current (mostly manufactured) 'crisis' plays out, it's clear that mtgox's potential to profit from it has been huge. It's highly unlikely that they have not leveraged the situation to their financial advantage somehow.
What's almost certain however is that any funds they have left, even after this latest in a string of ongoing fiascos, will never cover the existing and upcoming lawsuits to be filed against them.
MtGox is dead, whether they know it or not. They can never rebuild the confidence they lost at this point.
|
|
|
|
|
Yup, your bitcoins can check in, but they can't check out.
Gox is now officially bitcoin's "roach motel".
|
|
|
|
What the hell are you guys talking about, being illegal? It is NOT illegal. They could have mined it. And they can sell on localbitcoins, without needing to be 18.
Craziness ITT
+1 Anyone under 18 with the foresight to see the monetary future should be encouraged and admired, not admonished. Kudos to anyone under 18 on these forums. |
|
|
|
You'd think that someone with over 370K BTC would know at least something about the exchanges...
My first thought too. Knightmb is also the creator of timecoin. Something doesn't add up. Could be a trust-building/trolling expedition by someone with access to the account... |
|
|
|
As the subject says, does an exchange exist for Bitcoin in which the user sets the price to sell their bitcoins instead of the website setting and forcing the user to accept their own sell price? I am putting together some research and it seems all the large exchanges don't allow the user this type of freedom when trading.
Thanks for any helpful responses.
Isn't being able to set bid/ask prices basically what defines an exchange? Any "exchange" with only set-price market orders wouldn't really be an exchange, just a service. (like Coinbase, for example - a very useful service, but not an exchange) |
|
|
|
capital controls typically emerge in the late stages of an economy in severe financial or political crisis ...
Good point. Who ever thought this would already be happening so soon in the US. Withdrawals are undoubtedly next. First you'll need to give a few days notice for large amounts, then you'll require a 'reason', then there will be daily/weekly/monthly limits. Undoubtedly all with "perfectly reasonable" AML/KYC/fraud prevention excuses of course. We've seen this movie before. Chase - soon to be the "MtGox" of fiat banks - just wait until JP Morgan Chase's naked short selling is exposed. There's no fan big enough for that **it |
|
|
|
|
It's not so much a question of if, just when.
|
|
|
|
|
Update: Buying goxBTC at 0.26 BTC - Immediate payout on receipt of goxBTC.
PM please.
|
|
|
|
|
Update: Buying goxBTC at 0.26 BTC - Immediate payout on receipt of goxBTC.
PM please.
|
|
|
|
http://www.bloomberg.com/news/2014-01-23/lew-calls-bitcoin-a-place-to-hide-shares-dimon-s-incredulity-.htmlLew, who leads the Obama administration’s efforts to fighting illicit finance globally, said he discussed Bitcoin with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and shares a “certain incredulity” about it.
Like it or not for the unindicted co-conspirators of global banking, the bitcoin train will be hard to stop. Coming from the CEO of the most-fined bank in history, it actually rings more like an endorsement. There's so much shameless irony here it's difficult to know where to start - no wonder Dimon's keeping a very low profile in Davos. Talk about the "whale" in the room.
|
|
|
|
|
Show Posts
