Topic: MtGox on the Brink of US Indictment - page 2. (Read 2043 times)
It looks like USA is trying to stop usage of bitcoins, at least within its borders without making it illegal (which would be bad publicity).
Bitcoin market still too small? Seems a few people have a lot of coins invested in it. Look at the 'on book' values that pop up being a barrier for the little guys. Read recently ( being new to money markets and shares ) that the smart money does not appear on the exchange books. They use API's and automated buy/sell rules to do their trading.
I had a couple of buys in place, good few percentage points below the going rates, and was surprised to see they eventually got fulfilled. It appears the trading is still going well, but what are American traders thinking now. Still in MtGox or looking elsewhere?
I had a couple of buys in place, good few percentage points below the going rates, and was surprised to see they eventually got fulfilled. It appears the trading is still going well, but what are American traders thinking now. Still in MtGox or looking elsewhere?
no big deal imo
Governments have so many problems at hand and Bitcoin and other cryptocurrencies are still too small to get much attention. There will of course be some action now and then when we do something obviously stupid and illegal but until this is bigger it is not really on the radar. Growing Bitcoin economy means growing problems to deal with and increasing risk to get into trouble with governments.
Can anyone with a legal background explain why the route through Dwolla doesn't shield Mutum Sigillum? After all, Dwolla is a licensed money transmitter and funds that go through Mutum Sigillum only ever end up at Mt Gox.
Thank God 
So still safe to trade from outside the US?
What I am finding is it is quite a learning curve for newbies to get started. Mining is simple enough, its actually BUYING coins that is the barrier.
What I don't understand, if governments are so against this currency, why can't they simply crack down on all 'exchanges' in their jurisdictions that deal with bitcoins. Can't get money in, or out, coins become useless.
What I am finding is it is quite a learning curve for newbies to get started. Mining is simple enough, its actually BUYING coins that is the barrier.
What I don't understand, if governments are so against this currency, why can't they simply crack down on all 'exchanges' in their jurisdictions that deal with bitcoins. Can't get money in, or out, coins become useless.
Thank you for the update
Seems like they made it easy for them... I guess time will tell.
interesting to know... have things in an exchange outside USA would be an option then?
Thanks, Juan, for the analysis, and the warrant/affidavit pdf.
I'm still a little fuzzy on the details, esp. the role of Mutum Sigillum - is this the primary route used by Gox to for transfers, or the primary route for US transfers, or do other similar entities exist? Was Mutum Sigillum known to exist before the seizure?
I'm still a little fuzzy on the details, esp. the role of Mutum Sigillum - is this the primary route used by Gox to for transfers, or the primary route for US transfers, or do other similar entities exist? Was Mutum Sigillum known to exist before the seizure?
From the graph available on mtgox.com (just click on the orange graph icon at the top), it would seem that the USD/BTC exchange rate suffered a drop corresponding roughly to May 14, 2013, or the date listed on the warrant. There was a massive spike in volume at the beginning of the drop.
I can see why there would be speculation, but has anyone verified that MtGox volume is substantially lower than before the news about Dwolla?
Sounds like that must have affected MtGox trading and volume.
Everybody got scared yesterday and withdrew their coins
Now they have their coins they don't care anymore
Now they have their coins they don't care anymore
Is there any discussion about this somewhere? I'm surprised that there aren't more reactions to what is happening or is it just because I didn't know where to look?
Thank you for posting this old news and giving me the chance to increase my newbie post count 
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