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Author Topic: Suing MtGox for $75m is a dick move.  (Read 2223 times)
Stringer Bell
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May 03, 2013, 03:08:44 AM
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I doubt whoever is doing that has the best interests of Bitcoin at heart.

CoinLab could have been very successful without any MtGox partnership, if they wanted to be.

This is weak, very weak.
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Mike Christ
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May 03, 2013, 03:09:15 AM
 #2

Who's doing what now?

limitless
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May 03, 2013, 03:09:48 AM
 #3

Coinlab is suing mtgox but I don't know what for...

My yacoin giveaway: https://bitcointalk.org/index.php?topic=199716.0 - Need more people to donate in order to keep it going.
My yacoin bounty thread: https://bitcointalk.org/index.php?topic=200252.0 - If you want to add bounties, just post here.
YAC address: YKmZSWKiqc9MPzmZ89SAwyXM4wSQqoQE3J
Stringer Bell
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May 03, 2013, 03:09:57 AM
 #4

http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
Jerry from Rochester
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May 03, 2013, 03:11:10 AM
 #5

I found this.

https://twitter.com/NeocashRadio/status/330156752790249472
Mike Christ
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May 03, 2013, 03:12:02 AM
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Lame.  None of my business anyway; more incentive to stop using the Gox.

Kennji
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May 03, 2013, 03:13:40 AM
 #7

For some reason, I chose to not use Gox.

LTC - LKcrBEAbuW85obSbHnmw7y8XWWufWqjsxx
BTC - 1JseeJ4h2XsShmaj1ci2J3kWA6qhCfj52U
Stringer Bell
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May 03, 2013, 03:15:59 AM
 #8

That's an excellent idea.
Lethos
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May 03, 2013, 03:17:16 AM
 #9

Considering the sort of contract they had in place, repeated breaches tends to lead to lawsuits.
It is sad, but yes it had to be done if everything is factually true with what has been said on the matter so far.

BitshireHashaway
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May 03, 2013, 03:19:22 AM
 #10

I don't think they should do that, but then again, if they think they could win the law suit, then they'll do it. No they probably don't have the best interests of bitcoin at heart, but most people don't, most people only care about the money.
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May 03, 2013, 03:24:07 AM
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Huge bummer, I like MtGox but so far it's been difficult to get money out of the exchange in a timely manner.
Peleus
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May 03, 2013, 03:28:51 AM
 #12

Suing someone for not living up to their contact (apparently) is a dick move? Since when?
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May 03, 2013, 03:37:47 AM
 #13

We'll see eh. I don't think Mt Gox are at fault here.

They should both have the same ultimate goals here.

If things were taking a little longer, there were delays (as always with Gox, and most new businesses), they should be understanding - if they both actually want Bitcoin to succeed.

It appears CoinLab are unskilled business people, causing more problems than they've fixed (zero?).

What good have they actually done for Bitcoin so far?

You're really just talking out your ass. You have no idea what's going on behind the scenes. Coinlab would not spend the money on filing a lawsuit if they didn't have good reason to. It's going to cost a hell of a lot of money to sue a large company like MtGox. MtGox must have done something really wrong for them to take it to this level.

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May 03, 2013, 04:07:10 AM
 #14

They probably have Bear intentions for the current price per coin. Or are really upset over money lost as a result of their foolishness.
Stringer Bell
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May 03, 2013, 05:30:51 AM
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You're really just talking out your ass.

I sure am mate, and I hope I'm wrong  Wink
Stringer Bell
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May 03, 2013, 06:02:51 AM
 #16

Maybe that's taking it a bit far.. ^  Tongue

I recommended a couple friends use CoinLab a few months back. They were able to buy 10 coins or so, maybe a few times, after that none were available for sale.

Their operation looks very professional, Bitcoin badly needs operators like this. But so far they have not delivered.

Oh well, I am curious to see what MtGox have to say after reading the complaint.
Stringer Bell
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May 03, 2013, 06:03:51 AM
 #17

So CoinLab couldn't even sell a few coins to my American friends..

Couldn't they get their hands on enough bitcoin? It's really that hard?
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May 03, 2013, 06:13:45 AM
 #18

Hmm.. I am curious if the price is going to 80$ tomorrow/today... wherever u are.

I mean in about 12 hours.
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May 03, 2013, 06:15:02 AM
 #19

I'd give them about tree fidy.
mem
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May 03, 2013, 06:26:23 AM
 #20

One can't help but wonder if this was their plan all along.

Enter business relationship, write contracts in a specific way which can never be fulfilled - possibly a less experienced Gox signs, thinking they are on the same team anyway.

When they don't comply 100%, they bring out their lawyers and cause them hell.

Prove me wrong children, prove me wrong.. *principal Skinner voice*

This is pretty much my thoughts on the matter as well.

Was mtgox supposed to instantly stop servicing existing customers after signing the contract ?  
How could any sane business do this and expect to survive, Coinlab is not set up to handle gox clients yet - why is Coinlab being such a little bitch about it unless they are simply planning to profit by repeated lawsuits against their "business partners".

IANAL just a grumpy outspoken bastard.

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