Gox to Announce they found 670,000 btc?

[Dr. Sekxy]

Mt. Gox is not going anywhere until the Tokyo District Court and the Tokyo Metropolitan Police are through with it.

Nah, they have only made an application. They can just cancel the application. Court has 0 power if they now come out and say we are being acquired and everyone will be made whole.

All of Karpeles shit has been siezed. the gig is up

source?

His ass.  He pulls this shit out of his ass.  It's where most information here comes from.

nice one captain

[bananahoho]

It is an inside job! If the FBI investigation into the case, fear and spit it out. 200000 of the money, you just throw it away, you find find, this is a joke?

[1976]

We need the truth, not hide, not cheat.

[yogi]

So, does the latest announcement regarding police involvement have any bearing on the likelihood that they have found these coins?

[crazyivan]

Well, what if they intentionally created this whole story about coins being stolen. They sell coins just before they went down, BTC price crashed, they buy back their coins at lower price and then say everything is fine, we found the coins. Result, ENORMOUS PROFIT. Mastermind scam.

[Zooey]

Do take into account that this is just an exercise in rumour milling.

[BTCisthefuture]

No Gox wont come back.

I doubt anyone wants to be tied to that name or their horrible system.  Would you use a new Gox service,  if so then why after all the fuck ups gox has had, even if its under new management... why ?  there are plenty of other options nowadays.


As far as Macau opening up to bitcoin  ,  obviously there are companies in the works for doing something out there. Otherwise people wouldn't be talking about it on twitter like they are. 

[Zooey]

I doubt anyone wants to be tied to that name or their horrible system.  Would you use a new Gox service,  if so then why after all the fuck ups gox has had, even if its under new management... why ? 

There are means by which a bona fide exchange can demonstrate 'trustability' (meh) beyond brand/reputation/heresay;

https://bitcointalk.org/index.php?topic=22929.msg5286474#msg5286474

Kraken, it appears, are the first(?) mover to do just this;

https://bitcointalk.org/index.php?topic=22929.msg5881541#msg5881541

[Imerman2]

I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.

Yes the world has a lack of fiat to buy any of those coins.

It seems you don't understand the basica rules of market. The current price is what it is without those coins, how can the price go up? coins will buy coins?

The rules of price are supply and demand, not supply. 

[Imerman2]

Well, what if they intentionally created this whole story about coins being stolen. They sell coins just before they went down, BTC price crashed, they buy back their coins at lower price and then say everything is fine, we found the coins. Result, ENORMOUS PROFIT. Mastermind scam.

Incredibly illegal due to insider trading, the only people who could have pulled that off are governments who wanted to trick the Bitcoin market into a bust to buy at low prices.  This whole thing is weird though, the only people that can request BTC from Gox are verified users and that fact makes this really weird.  I invested probably way too large of a percentage of my "real" coins for "Gox" coins because none of this shit made sense, and it still doesn't.  We'll have to wait and see.

[btc237ftw]

check this thread - VERY related imo:
https://bitcointalk.org/index.php?topic=537772.0

So, to sum this up... it looks more and more like there is/was a federal investigation that allowed authorities to both Gag order gox and also freeze their bitcoins. Now, for the GAG order to actually work, there needed to be a cover story - and the TID was a the mechanism to blame for everything, while the investigation is underway. IMO this is related to silk road/s.

If what I said is correct, then almost all of the Bitcoins should be "found" and it fits well what Mark said... the bitcoins are not lost - just temporarily unavailable. He put a link to a site called "gag" and a directory named gag on that almost same note.

So imo that's what's going on, but I could be MILES off, as there are many questions marks about this whole thing - as you would expect there be if this is the case anyway.

[Imerman2]

check this thread - VERY related imo:
https://bitcointalk.org/index.php?topic=537772.0

So, to sum this up... it looks more and more like there is/was a federal investigation that allowed authorities to both Gag order gox and also freeze their bitcoins. Now, for the GAG order to actually work, there needed to be a cover story - and the TID was a the mechanism to blame for everything, while the investigation is underway. IMO this is related to silk road/s.

If what I said is correct, then almost all of the Bitcoins should be "found" and it fits well what Mark said... the bitcoins are not lost - just temporarily unavailable. He put a link to a site called "gag" and a directory named gag on that almost same note.

So imo that's what's going on, but I could be MILES off, as there are many questions marks about this whole thing - as you would expect there be if this is the case anyway.

It seems very related to Silk Road, and recent posts at SR point that they are directly related, remember these are simply posts by people well-known within the Silk Road community and cannot be verified, but apparently someone claimed to have found the Silk Road hacker and posted their personal identification information online to try and scare them into returning the coins.  They also claimed this person was behind the attacks on Gox, Stamp, BTC-e, etc although I am unsure what exactly they are trying to say he accomplished with that, as they said malleability can't steal coins, but they say he stole something.  Link http://www.deepdotweb.com/2014/02/18/alleged-silk-road-2-0-hacker-doxxed/

The whole situation is really messed up no matter what the real story is.

[Cluster2k]

If, by some miracle after claiming all bitcoins were stolen, MtGox finds most or all of the 'missing' bitcoins and starts trading again, I hope no one in the bitcoin community ever does business with them again.  In any way, shape, or form.  It's a company that claimed 200k of bitcoins were stolen, then oops, found them underneath the couch they haven't checked for 2.5 years.  Maybe I'm being harsh, but it doesn't sound like a company I would trust with my money. 

[dserrano5]

If, by some miracle after claiming all bitcoins were stolen, MtGox finds most or all of the 'missing' bitcoins and starts trading again, I hope no one in the bitcoin community ever does business with them again.  In any way, shape, or form.  It's a company that claimed 200k of bitcoins were stolen, then oops, found them underneath the couch they haven't checked for 2.5 years.  Maybe I'm being harsh, but it doesn't sound like a company I would trust with my money.  

OTOH, let's say gox returns to business during April. What's the chance they will do the same trick again during 2014? What's the chance some other exchange will do it during the same period? Some people will still trust gox due to this perceived probabilities.