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Topic: New Message 26thFeb from mtGox on their web by KARPELES (Read 2841 times)

legendary
Activity: 2674
Merit: 2965
Terminated.
There is zero chance that Japan`s central bank will intervene.

Charges against Karpeless could be possible because him committing crimes on their soil embarrasses them. But there will be no Japanese bailout of a company owned by foreigners that lost the money of a bunch of (mostly) foreigners.
Because, the government sucks, that's why.
newbie
Activity: 62
Merit: 0
There is zero chance that Japan`s central bank will intervene.

Charges against Karpeless could be possible because him committing crimes on their soil embarrasses them. But there will be no Japanese bailout of a company owned by foreigners that lost the money of a bunch of (mostly) foreigners.
hero member
Activity: 644
Merit: 500
I come from the online poker community where situations similar to this happen on a regular basis.  Whenever you see these kinds of actions such as vague announcements and stall tactics only bad things are happening.  FullTilt Poker comes to mind.  Sorry to be so negative, but based on the actions there is no way Gox has nearly enough money to cover customer liabilities.
hero member
Activity: 672
Merit: 500
All he needs to say is "we have xxxxx btc" and nothing else matters
hero member
Activity: 980
Merit: 508
The idea that the central bank will bail anyone out is total pie in the sky, unfortunately.
sr. member
Activity: 406
Merit: 250
Joke:
Update 3: I found it, my usb with 700k bitcoins, It had fell down the side of the sofa at starbucks, withdrawals to resume soonish.!
sr. member
Activity: 342
Merit: 250
The lack of communication is what I find appalling. Luckily I have never used mtgox so I didn't lose anything but if I did, and this was the type of communication I got from a company that has my money, I would not be a happy camper.
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
If he keeps giving extremely vague answers like this, it's not going to end well for him.
legendary
Activity: 1344
Merit: 1000
Mark said

"I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues."

what parties could these be I hope they don't involve strippers  Cheesy
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!

ah ok thanks friend.  I wasn't sure if the site was still down.  Thanks for letting me know, cheers !  Smiley
legendary
Activity: 1344
Merit: 1000
here we go Japanese central bank about to step in get ready for a Bitcoin price explosion
or implosion?

Market is going to fight the price higher to stop the Central Bank of Japan buying back Marks lost coins cheap, assuming he has lost some of them and isn't hiding them.



Seriously doubt BOJ will be buying BTC...

what was the name of the Bank in Japan taking Mtgox deposits/wire transfers ?
full member
Activity: 129
Merit: 100
here we go Japanese central bank about to step in get ready for a Bitcoin price explosion
or implosion?

Market is going to fight the price higher to stop the Central Bank of Japan buying back Marks lost coins cheap, assuming he has lost some of them and isn't hiding them.



Seriously doubt BOJ will be buying BTC...
legendary
Activity: 1344
Merit: 1000
Will Mark Karples and staff go to Jail? THIS I want to know!

what have you lost ?
sr. member
Activity: 350
Merit: 294
Will Mark Karples and staff go to Jail? THIS I want to know!
legendary
Activity: 1344
Merit: 1000
here we go Japanese central bank about to step in get ready for a Bitcoin price explosion
Don't be too positive.

not one person posted in my thread an official Mtgox address, I haven't lost any money and I posted some,
what are they keeping the addresses for, their lawyers  Cheesy
legendary
Activity: 4214
Merit: 4458
assuming the IRC chat is legit, and karpeles wrote the announcements on mtgox as best and honest as he could..

things we can be sure of:
1. it is not just a programming glitch that they need to patch (as this only requires coders, not lawyers and a requirement to stay silent)
2. it is bad, because just asking for legal advice about delay funds until a coder fixes the bugs doesnt leave a man sleepless at night. but entering into a legal battle does.
3. (same as 1) it is not just a programming glitch, so dont keep your hopes up on that theory.

next assuming karpeles has a japanese license for money transmission. then peoples FIAT funds would be protected by these things:

According to its charter, the missions of the Bank of Japan are

       Issuance and management of banknotes
 ->   Implementation of monetary policy
 ->   Providing settlement services and ensuring the stability of the financial system
       Treasury and government securities-related operations
       International activities
 ->   Compilation of data, economic analyses and research activities
so people that deposited FIAT into gox, should research making a claim with his japanese bank.
legendary
Activity: 1344
Merit: 1000
how is Japan ever going to get back into the Crypto scene if Mtgox collapses and investors lose 100% on the dollar?
legendary
Activity: 2674
Merit: 2965
Terminated.
here we go Japanese central bank about to step in get ready for a Bitcoin price explosion
Don't be too positive.
legendary
Activity: 1344
Merit: 1000
Strange opinions in this thread. The Japanese central bank has nothing to do with this and obviously the coins are lost and operations will not resume. That is completely obvious at this point.

Until a Crytocurrency Banking act can be created the Central Banks will have to make up the numbers from the Fiat side after all
we are assuming millions upon millions of Fiat dollars have been going into Mtgox, its the central banks responsibility to make sure
it wasn't marks personal embezzlement fund.

I got know idea what kind of numbers are missing here but its got to have some kind of paper trail

Are we assuming that this is just a Crypto Issue? Why is their so much Coin still in Mtgox addresses ?

According to its charter, the missions of the Bank of Japan are

       Issuance and management of banknotes
 ->   Implementation of monetary policy
 ->   Providing settlement services and ensuring the stability of the financial system
       Treasury and government securities-related operations
       International activities
 ->   Compilation of data, economic analyses and research activities
hero member
Activity: 980
Merit: 508
CanIHazCoins: can I live in your world please?

Bitcoinpro: you realise they are massively insolvent, right?
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