Seized is not confiscated.
IIRC there is the need of a court trial to confiscate someone money.
Topic: How much $ was the balance of MtGox Dwolla account? (Read 2404 times)
Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment.
While this is an old topic, the question hadn't been answered, so here it is:
Seizure Warrant
U.S. District Court of Maryland
- http://cdn.arstechnica.net/wp-content/uploads/2013/05/Mt-Gox-Dwolla-Warrant-5-14-13.pdf
I'd say that pretty much sums it up. These funds were seized. Whether they will get them back, remains to be seen.
Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment.
While this is an old topic, the question hadn't been answered, so here it is:
Seizure Warrant
U.S. District Court of Maryland
- http://cdn.arstechnica.net/wp-content/uploads/2013/05/Mt-Gox-Dwolla-Warrant-5-14-13.pdf
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses.
Common assumption: When a us agency seizes your account, chances of recovering funds are very slim
Again, please point to a communication directly from MtGox, Dwolla, or the US government that states the funds are seized. All I've seen is the account is frozen, plus some journalistic embellishment.
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses.
Common assumption: When a us agency seizes your account, chances of recovering funds are very slim
If the funds were seized, then I see how it follows that the bid walls are fake. But I imagine most of GOX money is not in Dwolla, so I wouldn't worry that much.
*converts gox fiat to BTC and cashes safely into wallet*
*converts gox fiat to BTC and cashes safely into wallet*
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses.
I'd say the money on there is lost indefinitely
I assume that the balance on MtGox Dwolla account as atleast higher than 0
Pretty solid basis imo
Can you point to a direct communicaton from Dwolla or MtGox that says the funds are seized?
Everything I've seen says transactions aren't allowed, not that Dwolla has seized the funds.
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses.
I'd say the money on there is lost indefinitely
I assume that the balance on MtGox Dwolla account as atleast higher than 0
Pretty solid basis imo
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Speculation is obviously guessing, but you should at least guess based on facts, not based on other guesses.
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
loléd
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Who ever said the money was lost? You seem to be speculating based on assumptions you have no evidence for.
Well if the lost money (on mtgox's dwola account) is relatively little and mtgox has other buffers (sure they charge 0.6% so they have money), then mtgox can probably absorb the loss instead of the users
Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book?
Because how else do you spread FUD?
Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book?
If you're referring to MtGox not having enough money to cover their user's balances anymore (a good possibility) then I would understand. But the bids are still based on money in the user's Gox account. If anything I would expect bids to go up as people try to "cash out" to coins and move their coins out of the exchange.
Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book?
Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
Why would their dwolla balance have anything to do with the bids on the order book?
Or:
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
How much of the bid wall is now fake?
I speculate about $ 10 million or higher
not less that's for sure, seeing as the Coinlab <-> MtGox deal has figures going at about $ 50 million
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