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Author Topic: [2014-02-17] Why Mt. Gox May Be Headed for Bankruptcy  (Read 2525 times)
richmke
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February 18, 2014, 05:16:34 PM
 #21

You make it sound so easy.

If BTC-E and Bitstamp can figure it out ...

Where there is a will, there is a way. Obviously there is no will.

One explanation for no will is: They have lost, spent, embezzled, etc. a huge amount of customers BTC, and there is no way they can resume withdrawals.

Occam's razor: The simplest answer is likely to be the correct one.
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February 18, 2014, 05:20:04 PM
 #22

I just understand software development.  When you have been around the longest, you have the most legacy code to maintain.  It's a difficult job being the biggest kid on the block, adapting old technologies to problems you didn't plan for.  People need to stop freaking out and be patient enough to see what happens.

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Barek
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February 18, 2014, 05:23:03 PM
 #23

People need to stop freaking out and be patient enough to see what happens.

But people make money by making others freak out ...
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February 18, 2014, 05:23:41 PM
 #24

But people make money by making others freak out ...
True indeed.

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February 18, 2014, 05:33:38 PM
 #25

People need to stop freaking out and be patient enough to see what happens.

But people make money by making others freak out ...

Some lose it too.

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richmke
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February 18, 2014, 05:52:11 PM
 #26

I just understand software development.  When you have been around the longest, you have the most legacy code to maintain.  It's a difficult job being the biggest kid on the block, adapting old technologies to problems you didn't plan for.  People need to stop freaking out and be patient enough to see what happens.

A one-time query of the transaction database does not need to go through a development process.

Disabling a feature (automatic "did not receive" complaints) should not be that difficult.

Now, implementing an automated work around, that could take time. But, that would be Step 2. Step 1 is getting the system working again for most customers. They don't seem to care, which raises a lot of red flags.
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February 19, 2014, 11:21:42 AM
 #27

Its not the first time MTGox are simulating the market. I don´t think they have big problems

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madzooka
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February 19, 2014, 01:51:46 PM
 #28

There are a lot of people who tell that "MtGox is out of business and is going bankrupt". I have a hope that they won't go bankrupt and a few months later they will again lead the market.

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Hunterbunter
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February 20, 2014, 06:33:17 AM
 #29

It's just incompetency.
fatnlovelyfred
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February 20, 2014, 08:29:45 AM
 #30

Nah, they'll never recover to the position they once held.
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