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anyone on here --- have trustworthy peer 2 peer ?  |
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wow -- i didn't think it got that bad --- i was hoping to hear things have gotten a drop better since mtgox  damm thx so much 4 advice @iluvpie60 |
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OK OK -- after a long break from Bitcoin arena …… after getting taken by over 30k by mtgox plus bit coin …..  it was humbling and taught me lots … but all along I found solace and gr8 info here ( i wish I took it when some of you saw it coming a mile away ! ) anyway -- fast forward ahead -- n I feel its time to jump back in -- what is best advices lowest cost purchase / most trustworthy of course! and best exchange to b part of ? thx 4 the advice my friends ! peace n respect |
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I understand the convenience and all n wish the very best I just wish thur was more honesty in advertising -- I pretty much get to end just to finally find out about the 12 percent ?? from the start I was about to pull trigger any day of week at 2 % I knew thur was more 2 it ! two ? |
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A US bankruptcy court has rejected a filing from Seattle-based digital currency service CoinLab Inc. in the latest development in the case of failed Japan-based bitcoin exchange Mt. Gox.
CoinLab sought to stop investor group Sunlot Holdings from purchasing Mt. Gox in documents filed during a 27th May hearing in US Bankruptcy Court in Dallas, Texas.
According to The Wall Street Journal, CoinLab’s filing was complicated when Mt. Gox’s lawyers stated that the deal involving Sunlot had not been given any special status by the courts, and that as such, other offers regarding the ownership and management of the exchange may be considered.
Notably, the decision by Judge Stacey Jernigan could open the door to more purchase bids for Mt. Gox, including one from CoinLab itself.
Bid to stop Sunlot fails
CoinLab’s filing seemingly aimed to stop or at least delay an effort by SunLot Holdings, a group of investors that includes venture capitalists John Betts and William Quigley and the Bitcoin Foundation’s Industry Director-elect Brock Pierce, from purchasing Mt. Gox and its related liabilities.
In its filing, CoinLab said that Sunlot’s bid to purchase Mt. Gox was not qualified to handle the investigation required to seek the location of the failed exchange’s missing bitcoins, explaining:
“Sunlot has made no showing of its qualifications to manage and conduct such an investigation, let alone answered pressing questions about potential conflicts of interest it has suffered or may suffer.”
Additionally, the company objected to the investor group’s plan to retain a portion of any funds recovered from Mt. Gox and its related entities during any forthcoming discovery.
New offers possible
Perhaps most notably, the courts indicated, for the first time at least explicitly, that other offers for the exchange can be considered, a statement that may lead to more investor interest in Mt. Gox.
For example, a team involved with Chinese exchange OKCoin has expressed interest in buying the defunct exchange. However, it remains unclear if the group is still actively developing an offer.
Additionally, CoinLab may ultimately submit a formal offer to purchase Mt. Gox.
In court documents, the company suggested, but stopped short of saying outright, that it would seek to buy Mt. Gox, remarking:
“CoinLab offers a market efficiency to creditors because it can address disposition of its intellectual property rights in the exchange as well as market expertise. However, no process currently exists for competing overbids.”
Previous statements from Nobuaki Kobayashi, the Japanese bankruptcy official overseeing the case indicated earlier in the day that the Japanese courts – which will have final say on approving any measures – are not presently considering any investor proposals.
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I just still see this as the only and the very best / quickest solution even if it fails ! at least they tried ! Japan system is not going to distribute to us investors / money holders / fiat ?? no way ? ill take any bet at this point just saw this http://www.coindesk.com/us-court-decision-mt-gox-revival-bids/ |
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any responses or announcements
opinions ?
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any new suits plz keep advised Im in -- I really believed in SunLot though??  think we should be in texas ? -- its gunna be tough going to Japan as if that will matter either |
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i would rather hope and wait one year --- than see so many lose all the fiat and coin immediately why not roll the dice ? It is true to newbies n peeps coming back mtgox is recognizable -- yes us elite know better (and yes its ridiculous that I allowed my money to stay in mt gox -- but I actually wasn't able to do anything -- We were all kinda stuck …. ) but for the good of all ? doesn't anyone see the negative side of liquidation ?? |
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got mine as expected -- so no reply from sun lot ?  |
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I know everyone has opinions --- but just wondering how we feeling about SunLot ? any real new announcements ? from them or anything associated with GOX n them.. its so odd that Japan wouldn't just let it roll out … nothing to lose ? |
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I didn't get email either
probably just a list -- but the info is true ..I assume ?
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its very good to stay informed -- I was on a unfortunate 6 month nightmare dealing with my fathers murder outside of the country ---- I came back to NY and it was 3 days after MTGOX ran ---- n ran with my 30K plus that I was waiting "in transfer mode forever ! " I at least had hope with SUNLOT ? I guess that was also a joke or not being taken serious ? id wait 5 years if I could get my money back -- but in reality -- not happening -- at least sunlit gave glimmer of hope even as the last poster mentioned -- still many people associate MTGOX with coins -- its still unfortunately true ? any sunlot announcements ? |
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I'm sure it doesn't matter but I didn't get an email from them .? did everyone ? --- and no response from sunlit .. or "savegox" ? its been crazy from start n yes no real news but why not give the idea a chance -- whats to lose ? its crazy --  ill say no more since I'm so angry I'm starting to sound un educated -- bless n peace 2 all best of luck ! |
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interesting -- any thoughts how the govt does things over thur ? |
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laugh all u want … i just wish I didn't have so much flowing through mtgox "regardless" of any known risks -- glimmer of hope is gr8 2 me !  |
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this affects soo many peeps -- they always did great by me ! i hate owing so many coins n so much cash - i don't feel like i was sleeping -- i felt they would fix any issues -- didn't expect since they came back b4 buy the peeps that wish the worst on them in my eyes wish the end or slow growth of bit coin |
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too many -- over 50 plus -- n also cash |
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keeps going !
Bitcoin CEO Mark Karpeles told an industry consultant Tuesday that he has not yet given up on Mt. Gox and has not made plans to step down.
Karpeles made the statements in an Internet Relay Chat (IRC) this afternoon with Jon Fisher, an industry consultant based in New York. FOX Business obtained private chat logs from the conversation. In those logs, Karpeles tells Fisher he has not “given up” on Mt. Gox and he can’t disclose if he has decided to step down as CEO of the exchange.
“Giving up,” says Karpeles, “is not a part of how I usually do things.”
Multiple attempts to contact Karpeles and a spokesperson for Mt. Gox were unsuccessful.
In the IRC, Karpeles says he is still in Tokyo; he sent a link with a photo of his keyboard as proof that he was “at home, with my cat being a pain sleeping on the keyboard.”
Karpeles says that any Bitcoin he personally owns was on Mt. Gox, meaning he will lose money if the exchange fails. In response to a question about how much he personally stands to lose, Karpeles writes, “well, technically speaking it's not 'lost' just yet, just temporarily unavailable.”
When asked about the viability of an unregulated currency he writes, “tbqh [to be quite honest] the pressure we got from banks and governments makes things very hard.”
Karpeles’ comments come after a tumultuous February for the exchange. Accounts within Mt. Gox were frozen early this month, preventing investors from withdrawing funds. The exchange blamed "software malleability" for a flaw in its transaction records.
On Sunday, Karpeles stepped down from his position on the board of directors at the Bitcoin Foundation, the cryptocurrency’s advocacy group.
Monday night, a document appearing to have originated from within Mt. Gox entitled “Crisis Strategy Draft” emerged on the web, published by blogger "The Two-Bit Idiot," who The Wall Street Journal has identified as Bitcoin blogger Ryan Selkis.
The report details the loss, or theft, of 744,408 Bitcoin, or roughly $383 million based on this afternoon's trading prices.
In the IRC obtained by FOX Business, Karpeles denies the document was produced by Mt. Gox, but confirms that it is “more or less” legitimate.
“As the name suggests it’s a draft, and it’s a bunch of proposals to deal with the issue at hand, not things that are actually planned and/or done,” Karpeles said.
The Mt. Gox exchange website went down late last night, hours after all tweets were deleted from the exchange’s official Twitter account.
The following official statement was posted to mtgox.com this morning, by the "MtGox Team": "In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly."
In an effort to defend the digital currency and distance themselves from Mt. Gox, executives managing six other Bitcoin exchanges and businesses released a joint statement late last night condemning the “tragic violation of the trust of users of Mt.Gox” as reflective of “one company’s actions,” and not indicative of the resiliency of the digital currency industry.
Bitcoin is not subject to regulation, and both Japan’s central bank and regulator, the Financial Services Authority and the Ministry of Finance, have publicly stated the regulation of Bitcoin and its exchanges falls outside of their jurisdiction.
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