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Author Topic: So does mtgox have the money they advertise as having because of the rollback?  (Read 878 times)
onesalt
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June 20, 2011, 05:42:05 PM
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I mean, they're making good all the account balances that were screwed over because of the attack right, but if signifigant numbers of bitcoins left the system to tangiable wallet files they might not actually have the bitcoins available to back up accounts, correct?

if so, what then?
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bitcoinconnection
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June 20, 2011, 05:45:55 PM
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If they were managed well, they should have had a budget with the funds. This would still be intact.









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onesalt
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June 20, 2011, 05:47:53 PM
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If they were managed well, they should have had a budget with the funds. This would still be intact.

the fact that they got hacked via rather trivial methods throws the entire premise of if they were managed well into doubt.
DamienBlack
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June 20, 2011, 05:49:43 PM
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There was only a 20 minute window to withdraw and their website was sluggish. On top of that, there is a limit to how much you can withdraw. I don't think that much got transferred out.

Mt gox has stated that they keep a large portion of their funds off of any webserver. None of that money could have been withdrawn, and, in fact, you can see it in the block explorer. So, mt gox likely lost very little from withdrawals. Basically any account that would be "negative" after the rollback is their loss. I doubt it is that much. Most people who withdrew probably still had bitcoins in their account before the rollback that can be deducted.

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June 20, 2011, 05:54:14 PM
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Seems like we could have a secondary market betting on how many idiotic Mt.Gox threads are created.

Quick, someone post a bid/offer!

lol

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