You being serious? You really think someone who just lost a significant amount of money on gox just turns around and drops 2 mill on some more coins?

see I am watching the bids increasing where the fuck this money came from ??!!!! was it all waiting out of the order book ? is it money that came today to exchanges ? I am so confused...

With MtGox, Bitcoinica and all the other hacks and large scale rip offs like the 'pirateat40' incident which have happened over the years I suspect about 10% of the Bitcoin currency is stolen property.

Trading in stolen property is illegal. This is good enough to outlaw exchanges in my opinion and I suspect governments around the world will use this against Bitcoin.

It will be forever tainted by this huge amount of stolen coins.

When people finally trace some of their missing coins to a US corporation I can't wait to see the lawsuits start rolling in by people wanting their coins back, especially those who lost thousands of coins.

The best thing is, we're just getting started - this will happen again and again.

Bitcoin in the media and minds of people has to possibilities:
1. Bitcoin get used for illicit actions, tax evasions and so on. And it harms the consumer, because it is so voltatile and not backed by anything. It could be worth norhing tomorrow.
2. Bitcoin is like the internet. It is disruptive to the current financial system and if not, it was a nice try.

I highly favor #2, at least of America and Europe. They will never ban it! But sure, there will be people who want to ban it. But they will never get a majority.

I have contacted the offices of my law firm (Bingham) in Tokyo to begin proceedings to sue Mt.Gox / Tibanne Ltd / Mark Karpeles for my USD funds.  He advised me that suing for USD is much more reliable than suing for BTC (since the price varies and bankruptcy collection on BTC has unclear legal process).  We believe that there are numerous other plaintiffs in the early stages of filing suit and suspect that is why it appears that accounts are liquidating to cash on Mt Gox.

If you are interested in being co-plaintiffs in this suit, please PM me (I'm happy to split legal costs), and I will put you in touch with the partner I am dealing with.  Note that you will need to provide full proof of identification as well as proof of account ownership on Gox (to be provided to Bingham, not myself).

In general, a class action type suit is most likely to get everyone their funds (or fair percentage thereof) than if we all file separate law suits.

Yes, whatever happens, Bitcoin is always going to be one of man's most counter-intuitive inventions.

Isn't it weird there are suddenly all these bulls, with attitudes.

Actually - allowing limited withdrawals makes sense - they must fear a 'run' on BTC either crashing the exchange (with it's new software fix being untested, too) - or meaning they have so little liquidity that their business is finished.

Allowing 'some' withdrawals will mean people wish to hold BTC instead of Fiat, which will inflate the price on Gox, and at this point, some people might decide to stay.

If Gox is clever, it will still have a business left.   Don't get me wrong - I will be the first in the queue to get out, but it is a logical solution.

I did think this was their only logical way out (assuming they really do intend to stay in the game).