Topic: Ding Dong the wicked Mt GOX is dead! (Read 2817 times)
don't leave coins on an exchange! trade and get them out!
now i know the answer
I forgot, all other exchanges openly show audit reports, and proof of holdings... Let me get those links...
(Pending links) Bitstamp
(Pending links) BTCe
(Pending links) Huobi
Hmmm.. seems they all have "confidential solvency". Now what?
You keep your coins on your own hardware like you should have, and see which of them takes the need for customer confidence seriously. (Pending links) Bitstamp
(Pending links) BTCe
(Pending links) Huobi
Hmmm.. seems they all have "confidential solvency". Now what?
There is a German exchange, which is very serious! Can only recommend to all!
Here is the link: https://www.bitcoin.de/de/r/d5er5d
Here is the link: https://www.bitcoin.de/de/r/d5er5d
MtGox is not dead till Karpeles says it's dead. Karpeles wants to take Chuck Norris place and kick the universe's ass. It's the world's fault that he is in dire straits and he's going to extract retribution from everyone. 
How can anyone take that artical seriously when it's all filled with typos and mistakes, I'm no english native, and I myself do alot of mistakes, but I believe the minimum from a respected/serious media is to read proof their articals.....
Anyway just to say FUD Artical and FUD News. but funny how weak heart people are trowing their BTC
Anyway just to say FUD Artical and FUD News. but funny how weak heart people are trowing their BTC
I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason.
It is times like this where a decentralized exchange such as BitShares X will come in very handy. We are releasing our test network in just a few weeks... of all the altcoins, ProtoShares is down the least 
bitsharestalk.org
bitsharestalk.org
Mark is really a SCAMMER. He was accepting fiat funds thru' some methods until today! I almost sent 3 thousands USD a few days ago when i was not aware of his "confidential solvency".
And the solvency of the other exchanges... You are confident in? Based on... Hope...
I forgot, all other exchanges openly show audit reports, and proof of holdings... Let me get those links...
(Pending links) Bitstamp
(Pending links) BTCe
(Pending links) Huobi
Hmmm.. seems they all have "confidential solvency". Now what?
Do we have any reason to suspect their liquidity? All it would have taken was a statement saying "client funds are kept separate from operational funds and are operating at 100% reserve".
But he couldn't say that.
Who is the next big roller on bitcoin economy next ?
? 
first ever financial crisis in the btc world???
more like #984827902 crisis.
ya thats true but now even my grandma did hear about btc maybe the first large scale one
first ever financial crisis in the btc world???
more like #984827902 crisis.
I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason.
Assets are things a business OWNS. Do you understand this simple balance sheet fact? Assets are NOT the money held for customers in what are supposed to be SEGREGATED Accounts. You really need to understand some basic principals of business or else you are going to be confused as to why these people will go to prison.
wtf are you talking about? They weren't a bank. They were a chop shop exchange that didnt guarantee accounts. Anyone dumb enough to have left money there should have lost it.
first ever financial crisis in the btc world???
this is the worst thing to happen to bitcoin this year
this is the best thing that could happen to bitcoin this year. mtgox and mark karpeles have caused more damage to bitcoin - both in term of reputation and price than any other company, person, or event in the history of bitcoins. This is the final chapter to close the book on this criminal and shady outfit, it is a cancer that must be removed for bitcoin to continue its healthy progress forward.
Short term pain from all the panic mainstream investors who have no idea what's going on, long term this is not material.
The network is fine, every other exchange is fine, remain calm and it will be alright.
I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason.
Assets are things a business OWNS. Do you understand this simple balance sheet fact? Assets are NOT the money held for customers in what are supposed to be SEGREGATED Accounts. You really need to understand some basic principals of business or else you are going to be confused as to why these people will go to prison.
I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason.
I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
If he kept getting money... then he is not insolvent... Because he has money...
Are you ignorant or a troll? Maybe both?
If he kept getting money... then he is not insolvent... Because he has money...
Not sure if you know this or not... but... um... "Gox isn't actually dead"...
Just the fact that you believe that, is proof of your lack of understanding of the situation.
Not sure if you know this or not... but... um... "Gox isn't actually dead"...
Just the fact that you believe that, is proof of your lack of understanding of the situation.
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