Is the MTGox - Coinlab deal in trouble? Yes. It is in litigation!

[sounds]

It wouldn't take much effort on Coinlab and Mtgox's part to have a blog where they could spend 3 minutes a day updating people about the situation..

They did post on another thread that they wanted to hire a PR person. I suspect that's because whatever Mtgox or CoinLab say will have a noticeable effect on the market.

So in one sense, they're being fair by not posting anything. If they did post something, someone would start to claim they were insider trading on the volatility they can cause.

Still I would personally rather see regular posts. It would be more fair if they posted exactly one article at exactly the same time each day (0:00 UTC maybe?).

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1714813538

[Herodes]

It wouldn't take much effort on Coinlab and Mtgox's part to have a blog where they could spend 3 minutes a day updating people about the situation..

They did post on another thread that they wanted to hire a PR person. I suspect that's because whatever Mtgox or CoinLab say will have a noticeable effect on the market.

So in one sense, they're being fair by not posting anything. If they did post something, someone would start to claim they were insider trading on the volatility they can cause.

Still I would personally rather see regular posts. It would be more fair if they posted exactly one article at exactly the same time each day (0:00 UTC maybe?).

Oh yeah - updates are better than nothing. Even a twitter stream would do. You do not have to make a press release every time you have something to say.

[yucca]

Someone mind explaining to me why you have to claim them on your taxes?
I thought legally Bitcoin was in a grey area at the moment.

It is legally grey as a currency. As an asset its very clear - when it increases above what you paid for it, you are supposed to pay taxes on that.

Only when said asset is converted back to money (sold)

[Herodes]

I hope they hired that PR person, he/she could be needed just about right now! 

[Jaroslaw]

I hope they hired that PR person, he/she could be needed just about right now! 

If we see mtgox closed price will be single digits.

[drawingthesun]

I hope they hired that PR person, he/she could be needed just about right now! 

If we see mtgox closed price will be single digits.

Why?

[niko]

I hope they hired that PR person, he/she could be needed just about right now! 

If we see mtgox closed price will be single digits.

Why?

The color of his "ignore" button explains why.

[ArticMine]

I updated the initial post to reflect the current situation. I must say did not expect litigation when I started this thread back in March. Now for the relevant question in the speculation sub forum. What impact will this litigation have on the BTC / USD exchange rate?

[solex]

I updated the initial post to reflect the current situation. I must say did not expect litigation when I started this thread back in March. Now for the relevant question in the speculation sub forum. What impact will this litigation have on the BTC/USD exchange rate?

Nothing. Such pathetic squabbles are irrelevant to most powerful idea for the internet since the WWW.

[ArticMine]

I updated the initial post to reflect the current situation. I must say did not expect litigation when I started this thread back in March. Now for the relevant question in the speculation sub forum. What impact will this litigation have on the BTC/USD exchange rate?

Nothing. Such pathetic squabbles are irrelevant to most powerful idea for the internet since the WWW.

Over the long term I would agree but in the short term this is quite another matter.