Topic: MtGox withdrawal delays [Gathering] - page 110. (Read 908720 times)

Yes.

Hey, who got Interpol after WW2?  I know the Nazis babysat it during the killing years, but who got it after that?  Well anyway, I am sure Interpol won't do shit, because, jurisdickshun.

Oh. Well good.  Because you can at least get a pony.

[...]

I have several hundred BTC.  I had mined myself since 2011 before it ceased being economic for non-professionals.  I have been a Mt. Gox customer and a Coinbase customer as well as a customer of many other Bitcoin services and businesses.  I donated to become a lifetime member of the Bitcoin Foundation because Bitcoin is a disruptive, fascinating technology and I'm all on board.  I have no relationship with any Bitcoin exchange, but I did attend the Goldman Sachs Technology conference's Bitcoin panel last week, which featured Bitpay, Coinbase, and Ripple.  I'm not sure what my angle would be as an anti-Gox shill, unless "anti-Gox" is your own euphemism for pro-Bitcoin.  I am absolutely pro-Bitcoin.

This is a side project for me.  For work, I invest other people's money for a living.  For my work, I try as much as possible to ignore what people say and focus on what I can verify.  Here in L'Affaire de Gox, I ignore everything Mark says and focus on the numbers -- they give you the most accurate current discount rate for the situation and what is real and what is not.  Second to that, I'd look at history and how these numbers and this fact pattern fits in the context of similar situations.  Maybe this time is different, but most likely it is not.

The way you deal with uncertainty is to focus on the facts and what you know and prepare for the worst, rather than do what sturle counseled or pretend everything will be ok.  That is why I counsel people to seek legal remedies now.  I readily admit there is a non-zero chance everything works out fine and Mt. Gox is fine in a month -- I hope that that's case because it's better for everyone interested in Bitcoin.  It's just that that non-zero chance is indicated at 20% right now.  Responsible people should prepare for the other 80%.

[...]

It is highly likely in the next few days, people at Mt.Gox are going to be arrested.  

thankfully you have 560 or so instead of 900 thanks to gox phew

I'm glad I'm out of Mtgox now because I probably would have been one of those people on Mtgox sitting there with all my Mtgox BTC wondering why as the price dropped from $900 to $100 today.

Does okpay work with gox?

^^This.

if you put your claim on fiat, you will at least have a chance that your lawyer will quote highest market price in relation to the BTC held.
at the end of the day, it's still convertible.

Because, in the case of bankruptcy and court proceedings, claims in fiat are more likely to be disbursed to the creditors.  BTC claims add a layer of complexity and may not even be recognized during liquidation. The Japanese legal system is opaque at the best of times.

Nobody in their right mind would sell at Gox at  these prices not you, not me not panicked japanese nobody who erroneously thinks btcs as an asset is not claimable.....really noone...besides??

Because, in the case of bankruptcy and court proceedings, claims in fiat are more likely to be disbursed to the creditors.  BTC claims add a layer of complexity and may not even be recognized during liquidation. The Japanese legal system is opaque at the best of times.

Because, in the case of bankruptcy and court proceedings, claims in fiat are more likely to be disbursed to the creditors.  BTC claims add a layer of complexity and may not even be recognized during liquidation.

Why is MtGox even trading if you can't deposit or withdraw fiat or BTC?

Shouldn't all trading be halted at MtGox until everything gets normal?

The fact that they are allowing BTC to be traded at 20% of the market value tells you that they are gaming the situation!

This does not answer the question - why is goxbtc price so cheap compared to goxusd. They are both gox, and have been non-withdrawable for about 4 weeks.

If nobody believes it now ....hindsight will tell you that those dollars are real and have been withdrawn as were all

the real BTC.

Well, in 2008, if you had bet on bank X, then you lost. I am saying when sharks frenzy on one shark, and it takes weeks, it's like moving artillery into position. For my part, I am on the side of the Goxxies, I want their coin to be good, I want their value logically and truthfully restored. I also want a pony.

If nobody believes it now ....hindsight will tell you that those dollars are real and have been withdrawn as were all

the real BTC.

If you deposited metal coin with someone and they clipped them and wouldn't even give you examples of the clipped coins but you managed to get one and it revealed that yes, the bullion content of your coin is actively being shat upon, well, that is a broken-bench.  Ruptured bench.  Debasing your customers coins is the same thing as stealing their gold.  The coin is worth less, because the "trueness" of it is purposefully and RICO style debauched in criminal fashion.

Sure, crypto is not gold, but, the COTUS for example specifies specie (metal bullion coin) as true money, and in terms of debt law, if you debaucvh coins as a banker, you'll either rule the world or get bought up or eliminated by whomever had entrusted their coins to you.  Debasing coins is historically the way the worlds markets move: FACT.