IF MT GOX DIES THEN BITCOIN PROBABLY WILL TOO

[dynodog]

The massive holders of bitcoin are hopefully working something out w Mark K if there is something foul at gox.  If gox dies, almost no one will buy bitcoin going forward.  Who would have guessed that a young dude sitting on a blue ball would be the ruin of such a great idea?

[chessnut]

The massive holders of bitcoin are hopefully working something out w Mark K if there is something foul at gox.  If gox dies, almost no one will buy bitcoin going forward.  Who would have guessed that a young dude sitting on a blue ball would be the ruin of such a great idea?

Nah, the system is sound. one exchange cant bring it down. the top dogs are planning decentralised exchanges for the future.

plus, there is always local bitcoins.

[TERA]

troll thread

[firstlast]

IF MT GOX DIES THEN GOOD RIDDANCE.

LONG LIVE BITSTAMP!

[Maged]

Yeah... No. Mt. Gox is already pretty insignificant, so bitcoin will do just fine with or without them.

[BittBurger]

The massive holders of bitcoin are hopefully working something out w Mark K if there is something foul at gox.  If gox dies, almost no one will buy bitcoin going forward.  Who would have guessed that a young dude sitting on a blue ball would be the ruin of such a great idea?

Spoken like a true 18 post guy.

-B-

[shittyDraws]

troll thread

Quoting for emphasis. Mt Gox handles a small volume of trades overall. There's plenty of other exchanges, some bigger, some smaller, all ready to take its place.

[OgNasty]

plus, there is always local bitcoins.

Trolling?

http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/

[dynodog]

Guys, are you living in a fantasy world?  I own plenty of bitcoin - some on gox, some on bitstamp and mostly w coin base.  I'm not trolling.  Regardless of whether gox's volume is decreasing, the bottom line is that bitcoin is always in need of new people getting into it.  If you think that mt gox going under is going to be a blip on the radar, then you are truly delusional.  Imagine the thought process of a new possible bitcoin purchaser:  "yeah, let me wire some money to slovenia or bulgaria after gox goes under" - hell no.  Trust of the major exchanges is critical.  If gox is a fraud, then this will be a huge crushing blow to bitcoin.  The fact that there are other exchanges doesn't mean s**t to the public. even though the underlying protocol is still sound, this is all about trust and faith - the very backbone of bitcoin.  bc without trust and faith behind bitcoin, there is nothing.   The vast majority of people thinking about buying bit coin will not do so if gox ends up being a fraud.  not everything written here that is negative about bit coin is trolling. 

[bassclef]

Guys, are you living in a fantasy world?  I own plenty of bitcoin - some on gox, some on bitstamp and mostly w coin base.  I'm not trolling.  Regardless of whether gox's volume is decreasing, the bottom line is that bitcoin is always in need of new people getting into it.  If you think that mt gox going under is going to be a blip on the radar, then you are truly delusional.  Imagine the thought process of a new possible bitcoin purchaser:  "yeah, let me wire some money to slovenia or bulgaria after gox goes under" - hell no.  Trust of the major exchanges is critical.  If gox is a fraud, then this will be a huge crushing blow to bitcoin.  The fact that there are other exchanges doesn't mean s**t to the public. even though the underlying protocol is still sound, this is all about trust and faith - the very backbone of bitcoin.  bc without trust and faith behind bitcoin, there is nothing.   The vast majority of people thinking about buying bit coin will not do so if gox ends up being a fraud.  not everything written here that is negative about bit coin is trolling. 

Yes but we've seen much worse and lived to tell the tale. There are plenty of other exchanges that are trustworthy. Get your cheap coins now if you want them.

[Rawted]

Gox has been dead to anyone with a brain since April 2013.

[Elwar]

I own plenty of bitcoin - some on gox 

OP fail

[seriouscoin]

The massive holders of bitcoin are hopefully working something out w Mark K if there is something foul at gox.  If gox dies, almost no one will buy bitcoin going forward.  Who would have guessed that a young dude sitting on a blue ball would be the ruin of such a great idea?

Stupid noobs come here to spread FUD  How original.

Stop opening your mouth for a month and READ you idiot.

[indiemax]

I own plenty of bitcoin - some on gox 

OP fail

Yup,the real story is he's craping his pants over his GOX bitcoins

The fate of all the coins in GOX,unfortunately now has nothing to do with the depositors,you'll get a FUD  update from them on Monday,do you really trust what they say now anyway?

Sorry OP,accept they gone,or if you think a legal move would help you ,else move on

[thelema93]

Gox is NOT dying - what the hell is wrong with you people?

A temporary technical problem - that will be fixed on MONDAY.

You people need to smoke some hodl or something.

[disclaimer201]

Gox is irrelevant right now as noone gets money in or out. troll thread

[JimboToronto]

Yeah... No. Mt. Gox is already pretty insignificant, so bitcoin will do just fine with or without them.

Ahhh. The voice of reason.

Perhaps you as a global moderator can see the need for a tightening of the rules allowing clueless noobs to start troll threads.

Would a higher minimum activity rating help?

[jake23l]

Guys, are you living in a fantasy world?  I own plenty of bitcoin - some on gox, some on bitstamp and mostly w coin base.  I'm not trolling.  Regardless of whether gox's volume is decreasing, the bottom line is that bitcoin is always in need of new people getting into it.  If you think that mt gox going under is going to be a blip on the radar, then you are truly delusional.  Imagine the thought process of a new possible bitcoin purchaser:  "yeah, let me wire some money to slovenia or bulgaria after gox goes under" - hell no.  Trust of the major exchanges is critical.  If gox is a fraud, then this will be a huge crushing blow to bitcoin.  The fact that there are other exchanges doesn't mean s**t to the public. even though the underlying protocol is still sound, this is all about trust and faith - the very backbone of bitcoin.  bc without trust and faith behind bitcoin, there is nothing.   The vast majority of people thinking about buying bit coin will not do so if gox ends up being a fraud.  not everything written here that is negative about bit coin is trolling. 

This is exactly why I always point new folks to coinbase...simple and familiar to Americans. The majority of the public doesn't know or understand how to use the other exchanges.  I really have very little concern for what happens to Gox for the new guys.

[phoenix1]

If Gox goes under it will be the best thing for BTC in the long run. Yes, bad in the short term and I do feel for those that ignored the red flags or were too green to see them, but the situation has gone on for too long and needs to be resolved one way or the other.
It is an opportunity for the community to take control from the inside and clean up it's own house. BTC will survive whatever happens, but the more proactive the community is in this the better it looks to the regulators.
At the moment their continued existence in this state is a major PR embarrassment ...

On the other hand there may yet be other unknown factors at play here that they are unable to disclose (still working with the authorities on SR related accounts for example), in which case, we may be being sabotaged from the outside if they have Gox by the balls ... just a thought ... IDK, and I am not trying to spread FUD

[ozkraut]

Gox smocks ts ts. See ya. The crypto idea is too big to be brought down by someplace that has only had the past as claim to fame.  "too big to fail" ring any bells ? Crypto actually is. With no need for bailout. It has a chance to restore our financial sovereignty or at least put up a good fight. The first thing of hope I have seen in many years of despair about where we are heading ie into debt slavery.

That being said: Sorry if anybody will loose funds. Likely, but eternal vigilance is not only the price of freedom. Don't have too much sitting around at arms length.