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Other / Meta / Re: Can we get an MtGox subforum here?
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on: March 06, 2014, 03:53:49 PM
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Would make sense.
Announcements could also be pinned.
To be honest, each major exchange\service should have their own subforum under service discussion.
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7
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 28, 2014, 09:45:00 AM
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What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
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9
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Economy / Speculation / Re: Predict the next Gox revelation here and win respect from fellow forum members
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on: February 27, 2014, 12:58:11 PM
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Site gets put back online next week with a rebrand (just a new logo).
btc withdrawals limited to 5btc per day\week purely to stop everyone running with coins and keep the business viable.
Mark announces step-down and takeover from a 3rd party. new CEO publishes a statement listing features\optimizations to the trading engine, altcoin implementations etc to help evolve the business and distance itself from the 'old' mtgox. financial reports published each quarter (similar to bitstamps last announcement).
in a few months, or whenever deposits seem to have built back up and confidence restored, withdrawal limit removed and trading fees reduced as a good will gesture for a set period to entice customers back that fled on the re-opening.
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10
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 26, 2014, 02:59:16 PM
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According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney’s office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too.
If true, it'll be be interesting to see which came first: the shutdown or the subpoena? Or both at the same time... |
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16
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 23, 2014, 03:36:08 PM
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Just checked my emails for today and had this response to my support request from mtgox. hopefully an announcement isnt too far off  if all goes well ive made a pretty penny this last week! James Support, Feb 23 13:55: Dear Mark, Sorry for the delay in response. We working on it and will make an announcement soon regarding the BTC withdrawal. Please contact us for further assistance. Best regards, MtGox Team https://www.mtgox.com[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers. Please visit https://mtgox.com/security] Mark Billington, Feb 20 20:48: James, Could you enable BTC withdrawal on my account so im able to remove my coins? Or advise how long it will be before they are enabled. Mark Soon TM.. lol |
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Economy / Speculation / Re: Why didn't MtGox halt trading like they've done in the past?
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on: February 21, 2014, 10:40:55 AM
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There's a million and one conspiracy theories on this forum.
How about this one...
1. Gox really did have a bug in their bitcoin software.
2. They need to fix it like they said they do - and need to stop withdrawals to fix it.
3. 99% of bitcoin investors are either paranoid freaks or paranoid fat cats and so they all freaked and decided to sell loads of their coins - because they all read way too much into the hype and hysteria.
4. The price on Gox therefore tanked.
5. They will fix the bug and go right back to where they were before this happened.
Hmmm... almost tooooo simple?
So there ARE people on here who have the same train of thought as me! to coin a phrase, "A watched pot never boils". In this case though, its damn hard not to stare, and I have to admit, the price drop is slightly stomach churning In a couple weeks time, hopefully, all of this will be fixed and the only thing in tatters will be gox's reputation and not users $ or BTC. |
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