Topic: MTGOX <-> BTC BID/ASK - page 4. (Read 74861 times)

I'm not sure about Dropbox but one cloud provider that is encrypted from start to finish is SpiderOak.

If it's encrypted it might make sense, if it's unencrypted it's a terrible idea!
This would mean dropbox could freely access your wallet, and even if you assume they are honest, dropbox is also known for not being great security-wise: they could be hacked and your wallet stolen anyway.

If you put it there unencrypted, I suggest you to create a new wallet, and send all the coins from the old one to the new one, since the old one has to be considered compromised.

I´m "new" to BTC but first thing i heard cold storage is the ONLY way to go.

I backed up my Wallet on dropbox,though, good idea?

very well done, lot's of laughs (although maybe not for people with $/BTC on Gox).

"I should have put my BTC in cold storage, like Stalin".  Fantastic. (maybe better as the last line of the video - big finish?)

0.00026

SBROTFL SRSLY?

I mean, do you really think there is someone dumb enough to buy it?

(especially considering you can't even prove it, since gox is offline...)

I'm premium member in mtgox, i sell my account with 43 goxcoins at 7% of value = 3 BTC .

.0043 BTC

I bid 0.00025 BTC

WTS 43 goxcoins

It's not about odds, as the bankruptcy is certain. It's about recovery rate. We know they have about $20m in assets and about $500m in liabilities. This should result in a recovery rate of about 4%. It will probably be less than that because of all the costs associated with the liquidation/administration procedure.

The big unknown variable is that the majority of the liabilities is in the form of BTC, which I'm not sure how they will be accounted for.

How do Japans bankruptcy laws differ from usa ?
 

Either he is just naive and stupid (highly unlikely considering all his business activity) and he bought BTC, and now have it stuck in gox-neverland, OR he deliberately posted it, because he knows he's high profile and people will listen to him, so 'voting' for MtGox made others believe, and thus injecting more money into the failing black hole aka MtGox and at the same time he's withdrawn all his own funds already.

He is apparently a close friend of Mark and received a text-message on tuesday this week telling him about what was about to transpire today. It is possible that Mark has hidden the shitty situation from even him up until now, but I still have a problem depicting Roger Ver as stupid, although he might be very greedy (he also lost money in Bitcoinica afaik - to get the interest for a large amount of btc), funnily enough, these very bitcoins were stored with MtGox, and later held hostage by MtGox indefinately 'pending investigations'.

It strikes me as odd if Mark and Roger weren't able to figure this out privately avoiding the lenghty waiting time for any court decisions. Many would have done their best to recover those coins using that friendship for that purpose.

This is just speculations, but there are a lot of things going on, that the public does not get to know - even if that too is speculation - that's almost a 100% certainty.

Yeah, sure, there's also Wipe-out 2097 and F-Zero fusion.

Actually no. There is liquidation, Debtcancelling and carrying on , and converting debt to ownership.

There are 3 types of bankrupcy.  One is total wipe out, one is partial wipe out, other is semi wipe-out.

It's all about odds, huh?
Hell, I might even buy some GoxCoins for 1% face value! If it technically was still possible.
As there might or might not be a more than 1% chance to see any funds again. Or a 2% chance to get back half of the funds.
Noone knows the details, it's all a gamble.

I just was about to add that it's all a gamble unless you have more information than the others.
Isn't it curious Roger Ver wanted to buy GoxCoins in this very thread?
And that Charlie Shrem youtube speech..

Man, I can't wait to learn the full story on this one.

Ente

Because it means they won't be liquidated in the near future (there's hope. a little )

People are still trading for goxcoins despite the fact gox filed for bankruptcy protection this morning?

only about your "limited choce here":

1. gox dead or alive: 50%; cumulative odds 50% (right this is truth)
2. you KNOW that cold wallets are untouched? i don´t think so... it is for sure not a fact, so: 50% here also; cumulative odds 25%
3. if this cold wallets are still full can they be accessed in near future: 50% (Truth); cumulative odds 12,5%
4. fact is that their software itself is so fucked up that nobody really knows are they even able to organize everything again: 50%; cumulative odds 6,25%
5. do we really know anything about facts? chance 1:4 (i just make it up myself, so only my opinion, so: max 25%; cumulative odds ca 1,56%

all single chances can vary but in the end i think there will be only those odds what everybody makes up for himself. it is nice to write about "facts" which are actually not a facts... so only speculations.

there are only two (three) facts:
1. gox was not able to make correct payouts already 2012.
2. gox closed their doors without giving us any informations.
(3. Karpeles ist just a asshole.)

everything else is just speculation. i am (personally) sure that considering those facts our chances to hear/get any other facts will be max 3%.

PS: you are a really conservative poker player.