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Author Topic: MtGox withdrawal delays [Gathering]  (Read 879792 times)
T.Stuart
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March 28, 2014, 12:40:29 PM
 #5821

That's bad news for those with goxcoins. It means that the unknown % reimbursement will take a long time.
Gox could give back some coins at the very bottom of the bear market. That would be double-goxxing...

I actually tend to see this is mildly positive. It implies that the authorities are taking the time to research the case properly (while doing a crash course in Bitcoin at the same time).

What it also likely means is that there is at least some belief that more coins may be recovered, be it through the police investigation into who stole the funds, or through an exciting treasure hunt inside Gox's computers, or whatever. If the investigators had proof that the coins have definately gone and Gox has 200k BTC left, I would have thought that they would have denied the rehabilitation claim now and put Gox into bankruptcy.


                                                                               
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March 31, 2014, 06:51:41 PM
 #5822

There's new announcement on the site. Looks like they have a deadline now.


"[translation]
March 28, 2014
To anyone concerned
Mark Karpeles
Representative Director
MtGox Co., Ltd.
11-5, Shibuya 2-chome, Shibuya-ku, Tokyo
ANNOUNCEMENT REGARDING THE EXTENSION OF THE DEADLINE FOR
SUBMISSION OF THE EXAMINATION RESULTS REPORT
In relation with the application for commencement of a civil rehabilitation proceeding made by
MtGox Co., Ltd., the Tokyo District Court issued on February 28, 2014 an examination order and
appointed attorney-at-law Nobuaki Kobayashi as examiner.
We hereby announce that the Tokyo District Court issued today an order extending to May 9, 2014
the deadline for the examiner to submit the results of its examination."



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March 31, 2014, 08:28:53 PM
 #5823


Well.... it looks more like that s the reason the fat rat himself is still alive. ;-)
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April 01, 2014, 04:49:34 AM
 #5824

Gosh I haven't been paying much attention to MTGOX these past few weeks but it goes to show me that Bitcoin could care less that MTGOX is now dead.

This claim "process" will take years to ever get resolved if ever.

Good luck to those who had funds stuck in EMPTGOX.

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April 01, 2014, 09:05:07 AM
 #5825

In some point i agree with you.
But in the other hand as i said before MtGox will recover and not everthing is as you see it. (just my feeling...)
Big fishes are on the game and goverments also don't forget that...
So what i expect from MtGox is to recover and have some limits in order to work back again.
That is the best option for all....
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April 01, 2014, 09:13:42 AM
 #5826

In some point i agree with you.
But in the other hand as i said before MtGox will recover and not everthing is as you see it. (just my feeling...)
Big fishes are on the game and goverments also don't forget that...
So what i expect from MtGox is to recover and have some limits in order to work back again.
That is the best option for all....

Dream on.
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April 01, 2014, 09:16:09 AM
 #5827

In some point i agree with you.
But in the other hand as i said before MtGox will recover and not everthing is as you see it. (just my feeling...)
Big fishes are on the game and goverments also don't forget that...
So what i expect from MtGox is to recover and have some limits in order to work back again.
That is the best option for all....

Dream on.

anyone who actually uses gox if they do become resurrect, want their heads read.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 01, 2014, 03:15:38 PM
 #5828

I must say I have very good feelings about MtGox resurrection.
Sure is that Mark K. will be never again their employee but MtGox is great product in marketing.

Just put there a huge cash to repay lost to traders and just it should be in use again! It would be great for Bitcoin world.
It would be so beautiful ... just imagine ..

 
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April 01, 2014, 03:53:08 PM
 #5829

Just put there a huge cash...

Well there you have it. Is the Mt.Gox brand worth taking on the hundreds of millions of dollars worth of liabilities?
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April 01, 2014, 04:05:49 PM
 #5830

repaying everyones BTC would be a good deal considering the price drop! the more price drops, the more likely a takeover becomes.

Truth is the new hatespeech.
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April 01, 2014, 06:00:07 PM
 #5831

If you don't have an attorney appearing on your behalf in the Tokyo District Court, you're probably going to come out of this a loser.
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April 01, 2014, 09:00:06 PM
 #5832

If you don't have an attorney appearing on your behalf in the Tokyo District Court, you're probably going to come out of this a loser.

Are you a lawyer? or this is your personal feeling?

I would like to reply also to "hgmichna" and say: of course i will dream on, like i did when everything started with bitcoin and we are here now....

it was like a dream back then....and look where we are now...

i would like to add something to think for yourself....not everyone wants MtGox to recover...

I am in the side of those who do want to see MtGox working ( and will see it soon ) and not because i have a number of BTC there.

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April 01, 2014, 09:30:23 PM
 #5833

If you don't have an attorney appearing on your behalf in the Tokyo District Court, you're probably going to come out of this a loser.
Are you a lawyer? or this is your personal feeling?
No, I'm not a lawyer soliciting for business.

The point is, as Woody Allen once put it, "80% of life is about showing up". If Mt. Gox owes you a substantial amount of money, you need to be involved with the bankruptcy, which requires a lawyer in Japan. It's not up to Mt. Gox to fix this. They're the problem. It's up to the creditors to get organized and fix it.
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April 01, 2014, 10:35:35 PM
 #5834


Judge Stacey Jernigan to Kraples:  Get your fat whiny ass on the airplane and show up in my court!

  http://mybroadband.co.za/news/banking/99824-judge-orders-mt-gox-ceo-to-us-for-questioning.html


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April 02, 2014, 12:27:05 AM
 #5835

I must say I have very good feelings about MtGox resurrection.
Sure is that Mark K. will be never again their employee but MtGox is great product in marketing.

Just put there a huge cash to repay lost to traders and just it should be in use again! It would be great for Bitcoin world.
It would be so beautiful ... just imagine ..

Really? Their service (not product) was exchanging.

They screwed many customers over the years (of course not as big as the last bang when they shut down and filed for bankruptcy).

Hardly I would expect them to come back. Anyone buying MTGOX branding and name to reopen under new management will likely fail as their name MTGOX is tarnished forever.

Just like the name ENRON.

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Aditya
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April 02, 2014, 03:24:19 AM
 #5836


I must say I have very good feelings about MtGox resurrection.
Sure is that Mark K. will be never again their employee but MtGox is great product in marketing.

Just put there a huge cash to repay lost to traders and just it should be in use again! It would be great for Bitcoin world.
It would be so beautiful ... just imagine ..
Really? Their service (not product) was exchanging.

They screwed many customers over the years (of course not as big as the last bang when they shut down and filed for bankruptcy).

Hardly I would expect them to come back. Anyone buying MTGOX branding and name to reopen under new management will likely fail as their name MTGOX is tarnished forever.

Just like the name ENRON.

I don't think so. People still use Silk Road 2.0 even though Silk Road 1.0 busted by the FBI and they seize all coins.

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April 02, 2014, 09:16:46 AM
 #5837

...
I don't think so. People still use Silk Road 2.0 even though Silk Road 1.0 busted by the FBI and they seize all coins.
Coz Silk road didn't 'tarnish' their name - the FBI did. Do'h.

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April 02, 2014, 10:13:17 AM
 #5838

...
I don't think so. People still use Silk Road 2.0 even though Silk Road 1.0 busted by the FBI and they seize all coins.
Coz Silk road didn't 'tarnish' their name - the FBI did. Do'h.

People are not very clever. Also: drugs.

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April 02, 2014, 10:18:12 AM
 #5839

People are not very clever. Also: drugs.
And as regards any future Mt.Gox reincarnation: sunk cost, false hope, greed.
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April 02, 2014, 10:52:45 AM
 #5840

...
I don't think so. People still use Silk Road 2.0 even though Silk Road 1.0 busted by the FBI and they seize all coins.
Coz Silk road didn't 'tarnish' their name - the FBI did. Do'h.

Coz Mt Gox didn't 'tarnish' their name - the Fat F*ck did. Do'h.

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