Bitcoin Forum
September 25, 2016, 05:25:22 AM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: MtGox Fractional Reserve Status  (Read 2007 times)
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
December 10, 2010, 09:31:35 PM
 #1

So how much money is recovered after the paypal crash? If we all withdraw money, can MtGox guarantee no bank run?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Bimmerhead
Legendary
*
Offline Offline

Activity: 951



View Profile WWW
December 10, 2010, 09:33:43 PM
 #2

Interesting question.  Excuse me while I just....be back.... in a .... sec.....

There. Yes, what is the possibility of a bank run, please?

Auroracoin forum: http://auroraspjall.is/   Auroracoin-enabled Q&A: https://spurt.is/
AuroracoinLocal: https://www.skiptum.is/   Auroracoin twitter tipping: http://auroratip.auroracoin.io/#/
davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
December 10, 2010, 09:36:27 PM
 #3

You guys seriously expecting an accurate answer ?

S3052
Legendary
*
Offline Offline

Activity: 1918


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
December 10, 2010, 09:38:51 PM
 #4

while I can't speak for MtGox personally, he confirmed me that his situation is very solid.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
MoonShadow
Legendary
*
Offline Offline

Activity: 1666



View Profile
December 10, 2010, 09:39:00 PM
 #5

50% of all quoted statistics are made up on the spot.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
December 10, 2010, 09:40:53 PM
 #6

Paypal is only holding $5,000 now.

> If we all withdraw money, can MtGox guarantee no bank run
If everyone withdraws their money that is the definition of a bank run so I suppose there would be one if there is one.
I think you are asking will I cover the missing $5k. Yes I am covering it.

kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
December 10, 2010, 09:50:45 PM
 #7

Usually, when a bank run happens, it cause the bank to collapse.

Bimmerhead
Legendary
*
Offline Offline

Activity: 951



View Profile WWW
December 10, 2010, 09:52:41 PM
 #8

Usually, when a bank run happens, it cause the bank to collapse.

That's because most banks don't have your money.  They've gone and given it to some fellow with no job and a new semi in Riverside.

Auroracoin forum: http://auroraspjall.is/   Auroracoin-enabled Q&A: https://spurt.is/
AuroracoinLocal: https://www.skiptum.is/   Auroracoin twitter tipping: http://auroratip.auroracoin.io/#/
nanotube
Hero Member
*****
Offline Offline

Activity: 485


View Profile WWW
December 12, 2010, 08:12:44 AM
 #9

Usually, when a bank run happens, it cause the bank to collapse.

since mtgox promises to cover the paypal held funds (and i, for one, trust his promise), this would not happen with a run on mtgox.

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!