Is Gox to be blamed?

[CoinCidental]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

[stellar69]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I agree to this. BTC-e is being run by russians. they are kind of completely anonymous.
but i think at this point of time there is no use runnning away with large funds because it will create bitcoin to fall down more and more. and if btc-e betrays people then we will need the bitcoin foundation to run an exchange(hope those guys are trusted).

[AnswerQuestion]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

[CoinCidental]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

replace hacked with "steal everybodys  money" if that makes you feel better
i still think they will be the next big one to go down ,have they ever had any audit ?
does anyone know its exact address etc
who even owns it ? a guy called "alex" from russia or bulgaria ??

that sure makes me feel a lot better ...............

[stellar69]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

[picolo]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

[CoinCidental]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

[puzzel.me]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

Who will provide these guys with an insurance? You? No. Me? No.
I don't think that anyone would agree to provide them insurance because of other exchange's history and government's tough stand on bitcoin.

[ronald98]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

Who will provide these guys with an insurance? You? No. Me? No.
I don't think that anyone would agree to provide them insurance because of other exchange's history and government's tough stand on bitcoin.

How could an insurer know how much to agree to insure them for if the amount of money on any exchange is constantly varying? During bubbles and crashes all the exchanges hold far more than at quiet times. They always seem to get hacked during peak trading times.

[12345mm]

The very most important thing about bitcoin everybody should be informed of , especially people unfamiliar with it and the history of it , is that mtgox , at a time in which it was the world's most high volume exchange used a *billion* fake non-existent dollars injected into their own fraudulent exchange and spent 2 months non-stop "buying" aka stealing coins en-mass to the tune of 650,000 btc which simultaneously had the effect of slamming the price upwards from a stableish 100 to 1200 usd in value , and bitcoin has been in a death spiral ever since ...

[CoinCidental]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

Who will provide these guys with an insurance? You? No. Me? No.
I don't think that anyone would agree to provide them insurance because of other exchange's history and government's tough stand on bitcoin.

How could an insurer know how much to agree to insure them for if the amount of money on any exchange is constantly varying? During bubbles and crashes all the exchanges hold far more than at quiet times. They always seem to get hacked during peak trading times.

if coinbase has managed to get insured theres no excuse for the rest of them not doing it
when they are in a position to steal huge amounts ..........

[puzzel.me]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

Who will provide these guys with an insurance? You? No. Me? No.
I don't think that anyone would agree to provide them insurance because of other exchange's history and government's tough stand on bitcoin.

How could an insurer know how much to agree to insure them for if the amount of money on any exchange is constantly varying? During bubbles and crashes all the exchanges hold far more than at quiet times. They always seem to get hacked during peak trading times.

if coinbase has managed to get insured theres no excuse for the rest of them not doing it
when they are in a position to steal huge amounts ..........

I guess coinbase is way more established and trusted than other sites and maybe that's why they got insured. Or it can be true the other way round, they got trusted because they got insured.
But all of them wont worry to buy insurances.

[CoinCidental]

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors?   

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

What makes you think that something that hasn't happened before won't happen in the future? Your point is totally invalid. You are just ignoring the impact of the highly improbable.

The solution resides in professional auditing of the exchanges and more experience in protecting their business and their client's funds.

they should be forced to purchase insurance BEFORE  taking hundreds of millions of usd /btc in customer deposits and then being "hacked"
eventually it will be mandatory but for now,use them at your own risk
anyone can operate an exchange as it stands ,even people with a history of scamming (mintpal etc )

Who will provide these guys with an insurance? You? No. Me? No.
I don't think that anyone would agree to provide them insurance because of other exchange's history and government's tough stand on bitcoin.

How could an insurer know how much to agree to insure them for if the amount of money on any exchange is constantly varying? During bubbles and crashes all the exchanges hold far more than at quiet times. They always seem to get hacked during peak trading times.

if coinbase has managed to get insured theres no excuse for the rest of them not doing it
when they are in a position to steal huge amounts ..........

I guess coinbase is way more established and trusted than other sites and maybe that's why they got insured. Or it can be true the other way round, they got trusted because they got insured.
But all of them wont worry to buy insurances.

eventually the ones that dont will have zero volume ...........its just a matter of time
no serious investor is going to send anything more than loose change to an uninsured exchange
in eastern europe or asia and just "hope for the best "
(by serious im talking about hedge funds and people will real capital ,not teenagers with a couple of hundred usd )

[usairx]

If these Bitcoin holders really wanted to hold Bitcoins, that would be no reason to start selling. And even if it was, they would have already bought back.

[Brewins]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

650k of gox coins are missing. Also there was the bitcoin auction, bitstamp hack, etc...

there are 1000's of coins around in the hands of unknown people that may or may not being in a slow process of dump right now

[sgbett]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

650k of gox coins are missing. Also there was the bitcoin auction, bitstamp hack, etc...

there are 1000's of coins around in the hands of unknown people that may or may not being in a slow process of dump right now

There are trillions of dollars around in the hands of unknown people that may or may not being [sic] in a slow process of dump right now

[readysalted89]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

650k of gox coins are missing. Also there was the bitcoin auction, bitstamp hack, etc...

there are 1000's of coins around in the hands of unknown people that may or may not being in a slow process of dump right now

How many gox coins does gox have left?

[QuantumCurrency]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

http://youtu.be/K2ku1A5Ox8U

Gox is always to be blamed. 30 years from now in BTCv8.4, SHA2048 will be broken by a quantum computer and will cause a crash... it WILL be MtGox's and Mark's fault.

Ok but in all seriousness, MtGox IMO threw fuel on the crash fire, but was not the cause of it.

P.S. If the above situation unfolds in 30 years it actually wouldn't suprise me if Mark was somehow involved...

[CoinCidental]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

650k of gox coins are missing. Also there was the bitcoin auction, bitstamp hack, etc...

there are 1000's of coins around in the hands of unknown people that may or may not being in a slow process of dump right now

the main hole in your logic is these people can only dump once and there are many buyers to snap up coins in a low slump
thats why the price has not fell to zero and if it slumps it will rise again
dump as much as you like ,someone will snap them up ,bitcoin will survive and thrive

[CoinCidental]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

650k of gox coins are missing. Also there was the bitcoin auction, bitstamp hack, etc...

there are 1000's of coins around in the hands of unknown people that may or may not being in a slow process of dump right now

How many gox coins does gox have left?

i believe karpeles "lost" all 850,000 btc
then a few were reportedly recovered during the following audit in a wallet someone "forgot about"
but i dont know if these are going to be repaid to the losers or maybe karpo will get to keep them ....
not sure if japanese law even recognises btc as money yet  so chances are ,nothing will happen to him ..