Topic: CoinLab sues MtGox (Read 778 times)
Never thought I'd sympathize with MtGox, but from a Canadian perspective I'll support them to the hilt for cutting any ties that divert non-US bitcoin user data into the clutches of US banks. MtGox, drop the #CoinLab betrayal now! Can't believe two Frenchmen living in Tokyo could have been so clueless in the first place. Concentrate instead on building a robust, Forex-like, designated market-maker function, one that earns the trust of everyone else first and the American institutional cabal last.
pb
^---^ flatten a whole lot
A lot of value was taken out from the previous collapse so there might not be as big an impact as you believe.
Agreed. this could take a long time to sort out and more exchanges will appear in the mean time. It would not be in Coinlab's interests to kill the golden goose.
Why on earth would Mt. Gox hand over the US (though I suppose this deal was crafted before Bitcoins took off and they didn't have the $$ to grow otherwise)?
Mt. Gox had plenty of cash to grow.
There may have been legal issues coming down the pipeline that they felt a US based organisation would be better suited to deal with.
Why on earth would Mt. Gox hand over the US (though I suppose this deal was crafted before Bitcoins took off and they didn't have the $$ to grow otherwise)?
Nice earner for CoinLab! BTW this is prolly the wrong section.
^---^ flatten a whole lot
A lot of value was taken out from the previous collapse so there might not be as big an impact as you believe.
^---^ flatten a whole lot
This ought to flatten the price a little.
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