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wopwop (OP)
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May 14, 2013, 08:46:35 PM |
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Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
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epetroel
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May 14, 2013, 08:54:49 PM |
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Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book? |
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wopwop (OP)
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May 14, 2013, 08:56:05 PM |
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Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book? Is this the average intelligence of bitcoin forum lurkers? |
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epetroel
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May 14, 2013, 09:00:56 PM |
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Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book? Is this the average intelligence of bitcoin forum lurkers? If you're referring to MtGox not having enough money to cover their user's balances anymore (a good possibility) then I would understand. But the bids are still based on money in the user's Gox account. If anything I would expect bids to go up as people try to "cash out" to coins and move their coins out of the exchange. |
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Ozymandias
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May 14, 2013, 09:01:06 PM |
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Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book? Because how else do you spread FUD? |
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wopwop (OP)
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May 14, 2013, 09:06:45 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
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notme
Legendary
 Offline
Activity: 1904
Merit: 1002
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May 14, 2013, 09:08:22 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. |
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wopwop (OP)
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May 14, 2013, 09:18:06 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 14, 2013, 09:20:11 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. |
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wopwop (OP)
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May 14, 2013, 09:22:51 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Well I base it on that the Dwolla account has been seized I'd say the money on there is lost indefinitely I assume that the balance on MtGox Dwolla account as atleast higher than 0 Pretty solid basis imo |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 14, 2013, 09:26:26 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Well I base it on that the Dwolla account has been seized I'd say the money on there is lost indefinitely I assume that the balance on MtGox Dwolla account as atleast higher than 0 Pretty solid basis imo Can you point to a direct communicaton from Dwolla or MtGox that says the funds are seized? Everything I've seen says transactions aren't allowed, not that Dwolla has seized the funds. |
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TheJuice
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May 14, 2013, 10:21:44 PM |
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If the funds were seized, then I see how it follows that the bid walls are fake. But I imagine most of GOX money is not in Dwolla, so I wouldn't worry that much.
*converts gox fiat to BTC and cashes safely into wallet*
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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May 14, 2013, 11:22:59 PM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Common assumption: When a us agency seizes your account, chances of recovering funds are very slim |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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notme
Legendary
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Activity: 1904
Merit: 1002
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May 15, 2013, 02:16:36 AM |
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Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for. This is the speculation forum loléd Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses. Common assumption: When a us agency seizes your account, chances of recovering funds are very slim Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment. |
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Coinseeker
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July 07, 2013, 06:02:48 AM |
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I'd say that pretty much sums it up. These funds were seized. Whether they will get them back, remains to be seen. |
If your ignore button isn't glowing, you're doing it wrong.
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painlord2k
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July 07, 2013, 08:27:51 AM |
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Seized is not confiscated.
IIRC there is the need of a court trial to confiscate someone money.
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