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Topic: And here comes the first bitcoin bank run (Read 1121 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
February 14, 2014, 03:15:45 PM
#7
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://bitcointalksearch.org/topic/i-sold-everything-at-158159-this-morning-169651  Grin
global moderator
Activity: 3990
Merit: 2717
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legendary
Activity: 1232
Merit: 1195
February 07, 2014, 12:03:06 PM
#5
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.
legendary
Activity: 1022
Merit: 1001
February 07, 2014, 03:51:58 AM
#4
Except everyone running is met with a "Sorry, we're closed" sign. They've suspended pretty much all outward movement of assets. Cheesy

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.
hero member
Activity: 1288
Merit: 524
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February 07, 2014, 03:49:14 AM
#3
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

sr. member
Activity: 280
Merit: 250
February 07, 2014, 03:47:34 AM
#2
Except everyone running is met with a "Sorry, we're closed" sign. They've suspended pretty much all outward movement of assets. Cheesy

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.
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
February 07, 2014, 03:44:52 AM
#1
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

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