MtGox backtracking on LTC Support

[crazy_rabbit]

Well first it was "It's coming!" then it was "2 Weeks!" now it's "There are plans to implement other crypto-currencies in the future,we will keep you posted " and "Thank you for your email. Currently we do not have any idea in implementing Litecoin on our ..." (... because thats where the message ends and I can't for the life of me get the bit.ly links to load).

So, what does all this mean? Well obviously now that they are getting sued for $75 million dollars for what seems to be Gox-ing another company funded by VCs who are now out for blood? It looks bleak for the "other crypto-currencies". We initially got shelved because of the problems gox was having keeping the trading engine running. I think now we're going to get shelved for the problems Gox is going to have keeping the company running.

:-( 

[peacefulmind]

If they are smart it will be up ASAP - that is a LOT of additional transaction fees to buy lawyers....

Not sure Gox is really thinking straight.

[gpudude]

I think they will. Lot of people on here making false threads like the troll box over at btc-e.

Believe what you want to believe, but unfortunately far to many people believe what they read in the troll box and on here.

What you will find is those who have 0 coins in the currency will slate it because they have missed the boat... sucks but it is true.  They're the ones spreading the false rumours.

[erk]

If a crypto currency needs the support of MT Gox to be a success, then that currency was never going to happen beyond miners and exchange rate gambling. Gox is just a tool for converting fiat into crypto, everything else it does is just to milk gambling.