Yeah, that's a good point. Maybe a corporate account, rather than an individual? It's a problem that would be worth solving if you were facing the trouble (insolvency, prison, mafia death threats...) that he would face if he'd spent everyone's money.
But it's not like Gox is regulated, so there's no legal barrier to trading to make up lost stock. The only barrier is that you might lose the investors money, and even I couldn't fail to make money if I could buy at 100 and sell at 600.
In truth I think we are only seeing a tiny part of the stuff he's dealing with. I think Gox are juggling so many balls in the air adding another won't break his stride. He sounds like someone who's hands are so tied he can't say anything. Or then again maybe he's just a total idiot?
Topic: How can Mt Gox be insolvent? (Read 932 times)
...then transfer the fiat back to their accounts in time for their re-opening?
...
...
It's not that simple, even BTC-e requires verification for fiat transfers (Bitstamp also), so...
- Do you suggest Mark is using his real name for alleged illegal trading, or is he risking using ("verified") fake names, which could lead to losing all the cash, and other problems?
Doesn't have to be a fake name, he can just work with someone else who trades in his own name.
....then transfer the fiat back to their accounts in time for their re-opening?
....
....
It's not that simple, even BTC-e requires verification for fiat transfers (Bitstamp also), so....
- Do you suggest Mark is using his real name for alleged illegal trading, or is he risking using ("verified") fake names, which could lead to losing all the cash, and other problems?
huha,
yes.. the exchange rate is near 100€. a big differecte to all other exchanges. whats goin on there. is anybody here with some detailed informations about the status of mtgox??
solong
yes.. the exchange rate is near 100€. a big differecte to all other exchanges. whats goin on there. is anybody here with some detailed informations about the status of mtgox??
solong
Is Mt Gox unable to withdraw BTC from Mt Gox?
Have they been watching this arbitrage opportunity without taking advantage?
Would they have been able to buy enough BTC with phantom fiat and sell it on open markets, then transfer the fiat back to their accounts in time for their re-opening?
The BTC price on open markets before the shut down was a pretty steady ~900usd. Now it's a steady ~600. Could it be depressed, in part, because the open markets are being flooded with BTC being sold by Mt Gox?
I notice it's taken MT Gox much longer to implement a solution compared with Bitstamp or BTC-E.
Have they been watching this arbitrage opportunity without taking advantage?
Would they have been able to buy enough BTC with phantom fiat and sell it on open markets, then transfer the fiat back to their accounts in time for their re-opening?
The BTC price on open markets before the shut down was a pretty steady ~900usd. Now it's a steady ~600. Could it be depressed, in part, because the open markets are being flooded with BTC being sold by Mt Gox?
I notice it's taken MT Gox much longer to implement a solution compared with Bitstamp or BTC-E.
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