And here comes the first bitcoin bank run

[jasonjm]

MTGOX now apparently has a backlog of withdrawals for 68 000 BTC and 38 million USD

of course, this will only build.

Maybe the fed will bail them out too? lol

[njcarlos]

Except everyone running is met with a "Sorry, we're closed" sign. They've suspended pretty much all outward movement of assets.

Oh but, they returned my 3BTC that was in limbo, so that's cool. How they knew that'd make me feel better I have no idea.

[jasonjm]

well that is the problem with fractional reserve bitcoining I guess?

when its time to pay out, they can't print more money or more bitcoins, lol

[Oldminer]

Except everyone running is met with a "Sorry, we're closed" sign. They've suspended pretty much all outward movement of assets.

Oh but, they returned my 3BTC that was in limbo, so that's cool. How they knew that'd make me feel better I have no idea.

It makes you feel like you have achieved something. Then they can start the delay process all over again.

[guybrushthreepwood]

MTGOX now apparently has a backlog of withdrawals for 68 000 BTC and 38 million USD

Is this true? Source? Surely the can't be operating for much longer.

[hilariousandco]

MTGOX now apparently has a backlog of withdrawals for 68 000 BTC and 38 million USD

Is this true? Source? Surely the can't be operating for much longer.

https://bitcointalk.org/index.php?topic=451225.0
http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

[Its About Sharing]

well that is the problem with fractional reserve bitcoining I guess?

when its time to pay out, they can't print more money or more bitcoins, lol

You guys should be honored that Jason stops by. He is sort of famous around here, probably a bit bitter as well.
https://bitcointalk.org/index.php?topic=169651.0