If insolvent, how did gox continue to accept deposits??????

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: Juneass on February 25, 2014, 05:15:43 AM

Quote from: Phinnaeus Gage on February 25, 2014, 05:14:49 AM

For every person you try to warn about scam sites, there a hundred new people sans a clue waiting to get in. Take a look here http://forum.mt5.com/showthread.php?72944-WHAT-IS-BITCOIN-CAN-WE-TRADE-ON-IT-ANY-ONE-CAN-HELP-ME and read the 3-4 short posts. These people don't have a clue, but have money to burn.

Mtgox has money to burn.

Not much, at this point. But at least they have a bonfire of money already burning to throw it in.

Juneass

newbie

Activity: 28

Merit: 0

Quote from: Phinnaeus Gage on February 25, 2014, 05:14:49 AM

For every person you try to warn about scam sites, there a hundred new people sans a clue waiting to get in. Take a look here http://forum.mt5.com/showthread.php?72944-WHAT-IS-BITCOIN-CAN-WE-TRADE-ON-IT-ANY-ONE-CAN-HELP-ME and read the 3-4 short posts. These people don't have a clue, but have money to burn.

Mtgox has money to burn.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

For every person you try to warn about scam sites, there a hundred new people sans a clue waiting to get in. Take a look here http://forum.mt5.com/showthread.php?72944-WHAT-IS-BITCOIN-CAN-WE-TRADE-ON-IT-ANY-ONE-CAN-HELP-ME and read the 3-4 short posts. These people don't have a clue, but have money to burn.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

MAYZUS

http://www.forexfactory.com/showthread.php?p=4350816

Quote

Quoting Izham
Anyone have LIVE experience with this broker? http://www.uwcfx.com

Spreads look amazing.

Thought I might give the demo a try with my scalping bots.

Anyway, haven't heard much about them until stumbling across them yesterday on a forum.

Regards.

Tey Ching Li

They are from the same owner of Instaforex, Liteforex, Corsa Capital and a bunch of other Russian scam outfits. Don't touch with a 10ft barge pole.

Juneass

newbie

Activity: 28

Merit: 0

Quote from: darkmule on February 25, 2014, 04:31:57 AM

Quote from: Juneass on February 25, 2014, 04:12:56 AM

I would say they did it with a loud laugh, all the way to the bank.

Well, if true, one hopes it is punctuated by a loud cry on the way to the prison.

Its Bitcoins, there will be no prison.

darkmule

legendary

Activity: 1176

Merit: 1005

Quote from: Juneass on February 25, 2014, 04:12:56 AM

I would say they did it with a loud laugh, all the way to the bank.

Well, if true, one hopes it is punctuated by a loud cry on the way to the prison.

Juneass

newbie

Activity: 28

Merit: 0

Quote from: itsunderstood on February 25, 2014, 03:45:45 AM

Your point is valid, they accepted cash to heal a secretly broken horse.

I mean, if they'd laid out their scheme, would YOU have tossed FRNs into the sausage machine?

As to, "how" they did it, is this: With a smug look and a straight face.

I would say they did it with a loud laugh, all the way to the bank.

itsunderstood

sr. member

Activity: 364

Merit: 250

American1973

Your point is valid, they accepted cash to heal a secretly broken horse.

I mean, if they'd laid out their scheme, would YOU have tossed FRNs into the sausage machine?

As to, "how" they did it, is this: With a smug look and a straight face.

dynodog

member

Activity: 97

Merit: 10

It's one thing if gox realized that they were massively short due to transaction malleability, which caused them to ultimately be insolvent. That's a negligence issue.

It's a completely different matter if gox realized their insolvency or likely insolvency (when they stopped btc withdrawals due to its discovery of the problem), but then continued to take in numerous cash deposits over the weeks knowing that these people depositing money with gox would almost certainly never see it again. Isn't it mind-boggling that they would do this?

I had held out some hope for gox making its customers whole based on it accepting these new cash deposits. What a catastrophe.....

Topic: If insolvent, how did gox continue to accept deposits?????? (Read 780 times)