Why the Bitcoin Foundation is not intervening in the MtGox case?

[zby]

MtGox is lying to their customers and we don't have any sound information about where the main Bitcoin exchange is standing.  Sure the Foundation is much in bed with MtGox - but I would still trust John Matonis if he did the investigation.

[joesmoe2012]

This actually is a good question. The bit coin foundation should be tryng to at least get us some more information or something.

[zby]

Here is a letter proposal we could send to the Bitcoin Foundation - I am not an English native speaker, nor a lawyer - so clearly there must be much to improve in it - but I hope it can be a good start.

Dear Bitcoin Foundation

At your mission statement web page you mention that "We see this foundation as critical for bringing legitimacy to the Bitcoin currency" - there is now a big crisis of legitimacy in the bitcoin world and we believe you can change it.  There are serious accusations undermining the trust in the main bitcoin exchange, one that allegedly controls xx% of the whole bitcoin to fiat money exchange market.  MtGox has already defaulted on their obligations to pay it's customers, it is now critical to determine if that default is caused by banks refusing to transfer money from MtGox accounts,  money or bitcoins stolen from MtGox or perhaps fraud.  We do not trust MtGox - because they most probably lied on two accounts - first by asserting that the problem touches only USD transfers, second time by asserting two weeks ago that the problem is resolved and that the transfers are being processed.  Despite bitcoin awards (https://bitcointalk.org/index.php?topic=251895.0) promised for any evidence that transfers are indeed being processed we could not find anyone to admit receiving a USD transfer from MtGox recently - which is in clear contradiction of MtGox announcement.

Please launch an independent investigation to determine the actual status of the customer funds on MtGox accounts.

Kind Regards,
MtGox customers

[Bugpowder]

MtGox is lying to their customers and we don't have any sound information about where the main Bitcoin exchange is standing.  Sure the Foundation is much in bed with MtGox - but I would still trust John Matonis if he did the investigation.

But the Bitcoin Foundation is run by the CoinLab goofball.

[EuroTrash]

I am honestly wondering how soon we'll see a Gox thread in the Scam Accusations forum.

[bitcoiners]

LOL.... your money is gone.  You can try all you want but GOX doesn't have the money to cover the withdraws.  Time to come down to reality.

I've asked this time and time again, why is ANYONE still using GOX?

[biggie]

I think Gox got alot of funds frozen so they can't do bankwires. I don't think they're telling the whole truth yet. So the only way out is by withdrawing BTC so far.

They probably have good intentions but anyone stopped and thought about that they might be under a gag-order which prevents them from explaining the whole situation ?

[gizmoh]

LOL.... your money is gone.  You can try all you want but GOX doesn't have the money to cover the withdraws.  Time to come down to reality.

I've asked this time and time again, why is ANYONE still using GOX?

Are you kidding! look at the volumes on GOX !

In Gox we Trust 

or Hope

[gizmoh]

I think Gox got alot of funds frozen so they can't do bankwires. I don't think they're telling the whole truth yet. So the only way out is by withdrawing BTC so far.

They probably have good intentions but anyone stopped and thought about that they might be under a gag-order which prevents them from explaining the whole situation ?

Would have been logical if they weren't able to accept Deposits either.. So they can't have their japanese bank account blocked and still receive funds to the same account..

[Hippie Tech]

I am honestly wondering how soon we'll see a Gox thread in the Scam Accusations forum.

Let the first exchange with insider trading cast the first junk coin. 

Since there are none.. lets line them all up... and... BOYCOTT ! The asic companies.. the exchanges and anyone else that deserves it.

Is there anything this so called revolution is doing right atm ?

HT xD

[sd]

I've asked this time and time again, why is ANYONE still using GOX?

Are you kidding! look at the volumes on GOX !

And Enron had lots of money and really fancy offices until the day they blew up.

[solex]

MtGox is lying to their customers and we don't have any sound information about where the main Bitcoin exchange is standing.  Sure the Foundation is much in bed with MtGox - but I would still trust John Matonis if he did the investigation.

But the Bitcoin Foundation is run by the CoinLab goofball.

Didn't he roll away?

[Grinder]

Are you kidding! look at the volumes on GOX !

It's probably all just a combination of speculators and people who have fiat in their accounts but are tired of waiting and exchange it to bitcoins for withdrawal. The price is now about 11% lower at Bitstamp than at MtGox, which means that Bitcoins owners who want to sell are willing to accept a 11% lower price to avoid using MtGox.