Author

Topic: Can MtGox sell my BTC stored in MtGox and then buy it back later ? (Read 957 times)

hero member
Activity: 558
Merit: 500
In theory, anyone can do anything but they do have a reputation to protect.  Being the largest bitcoin exchange, why would they risk their reputation?

Money... that's the reason...

Thing that they were not audited ( were not they? ) gives a chance that this can be happening... Sitting on such big pile of cash can shift your business practice.... They can be doing it with small % of the funds at their disposal just to gain extra $... but I don't think they can do it with amounts enough to move the market....

Anyway, it's my IMHO only... and they can be clean as a child's tear ( or maybe not Smiley )
full member
Activity: 154
Merit: 102
Of course they can, just like any bank.  How do you think Bank of America pays all those mortgages?  Rarely do banks pay interest, unless you promise to store your money there long term.
hero member
Activity: 756
Merit: 500
In theory, anyone can do anything but they do have a reputation to protect.  Being the largest bitcoin exchange, why would they risk their reputation?
legendary
Activity: 1050
Merit: 1000
You are WRONG!
they *can*. but i don't think the do
hero member
Activity: 714
Merit: 500
Just curious.
If he does, he should pay me interests.
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