Bitcoin Forum
May 13, 2024, 10:37:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How is Mt. Gox gonna cover the bitcoins transferred out?  (Read 985 times)
Bitcoin Swami (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
June 23, 2011, 03:51:53 AM
 #1

I know some people made trades the other day and quickly cashed out while the market was taking a dive.  Mark said that these people would have negative account balance when they return.  So the person who sold the coins will have their coins back? .  I'm just wondering where they come from.  Mark said in the interview the other night (if I heard correctly) that they aren't taking any losses?

 Huh
1715596657
Hero Member
*
Offline Offline

Posts: 1715596657

View Profile Personal Message (Offline)

Ignore
1715596657
Reply with quote  #2

1715596657
Report to moderator
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715596657
Hero Member
*
Offline Offline

Posts: 1715596657

View Profile Personal Message (Offline)

Ignore
1715596657
Reply with quote  #2

1715596657
Report to moderator
Icy-
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 23, 2011, 03:55:55 AM
 #2

I know some people made trades the other day and quickly cashed out while the market was taking a dive.  Mark said that these people would have negative account balance when they return.  So the person who sold the coins will have their coins back? .  I'm just wondering where they come from.  Mark said in the interview the other night (if I heard correctly) that they aren't taking any losses?

 Huh

out of pocket obviously, they make enough money from the fees they charge
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
June 23, 2011, 03:58:52 AM
 #3

Most likely reclaiming the bits of metal from exploded miners video cards. As you know, there is a pervasive trend in MtGox and Stolen BTC posts, at first I thought they were trolling, but I realized the actual effect such threads.

Every time one of the above threads get started, a video card blows up. The miner, dejected and horrified, hurls the smoking relic into the trash, only to be recovered and stripped by a gang of recycling hooligans. Please, don't perpetuate this trend, the difficulty plummeting would send the wrong signal, for sure.


fortitudinem multis - catenum regit omnia
Bitcoin Swami (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
June 23, 2011, 04:05:02 AM
 #4

I think its a legitimate question.  If you go to around 18:30 in this video he says they aren't taking a loss except if people want some password card.

http://www.youtube.com/user/vlogwrap#p/u/3/-0XvP841jaM



Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!