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Topic: Suing MtGox for $75m is a dick move. - page 2. (Read 2330 times)

full member
Activity: 224
Merit: 100
One bitcoin to rule them all!
May 03, 2013, 11:06:21 AM
#25
From stories I have read in the media, it would appear this was their intention all along.

As if they would come out as trustworthy?

Edit:
BTW: How will this affect americans?
Can they continue as before, or do they need to buy BTC to get away from Coinlab/MtGox and then return to MtGox/other exchange with  a new BTC-account?
newbie
Activity: 10
Merit: 0
May 03, 2013, 11:04:02 AM
#24
I wonder if the 500k investment to coinlab has something to do with the lawsuit..
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
May 03, 2013, 03:30:54 AM
#23
it seems that gox got greedy and wouldn't provide what they could easily provide, and agreed to in the contract

hopefully this makes coins cheaper and kills gox quicker Cheesy
member
Activity: 107
Merit: 11
May 03, 2013, 02:23:34 AM
#22
Maybe they just want to destroy Mt Gox and make way for themselves?

Simple greed at work or something more sinister?
newbie
Activity: 28
Merit: 0
May 03, 2013, 01:32:11 AM
#21
From stories I have read in the media, it would appear this was their intention all along.
mem
hero member
Activity: 644
Merit: 501
Herp Derp PTY LTD
May 03, 2013, 01:26:23 AM
#20
One can't help but wonder if this was their plan all along.

Enter business relationship, write contracts in a specific way which can never be fulfilled - possibly a less experienced Gox signs, thinking they are on the same team anyway.

When they don't comply 100%, they bring out their lawyers and cause them hell.

Prove me wrong children, prove me wrong.. *principal Skinner voice*

This is pretty much my thoughts on the matter as well.

Was mtgox supposed to instantly stop servicing existing customers after signing the contract ?  
How could any sane business do this and expect to survive, Coinlab is not set up to handle gox clients yet - why is Coinlab being such a little bitch about it unless they are simply planning to profit by repeated lawsuits against their "business partners".

IANAL just a grumpy outspoken bastard.
newbie
Activity: 6
Merit: 0
May 03, 2013, 01:15:02 AM
#19
I'd give them about tree fidy.
newbie
Activity: 14
Merit: 0
May 03, 2013, 01:13:45 AM
#18
Hmm.. I am curious if the price is going to 80$ tomorrow/today... wherever u are.

I mean in about 12 hours.
member
Activity: 107
Merit: 11
May 03, 2013, 01:03:51 AM
#17
So CoinLab couldn't even sell a few coins to my American friends..

Couldn't they get their hands on enough bitcoin? It's really that hard?
member
Activity: 107
Merit: 11
May 03, 2013, 01:02:51 AM
#16
Maybe that's taking it a bit far.. ^  Tongue

I recommended a couple friends use CoinLab a few months back. They were able to buy 10 coins or so, maybe a few times, after that none were available for sale.

Their operation looks very professional, Bitcoin badly needs operators like this. But so far they have not delivered.

Oh well, I am curious to see what MtGox have to say after reading the complaint.
member
Activity: 107
Merit: 11
May 03, 2013, 12:30:51 AM
#15
You're really just talking out your ass.

I sure am mate, and I hope I'm wrong  Wink
newbie
Activity: 42
Merit: 0
May 02, 2013, 11:07:10 PM
#14
They probably have Bear intentions for the current price per coin. Or are really upset over money lost as a result of their foolishness.
hero member
Activity: 728
Merit: 500
May 02, 2013, 10:37:47 PM
#13
We'll see eh. I don't think Mt Gox are at fault here.

They should both have the same ultimate goals here.

If things were taking a little longer, there were delays (as always with Gox, and most new businesses), they should be understanding - if they both actually want Bitcoin to succeed.

It appears CoinLab are unskilled business people, causing more problems than they've fixed (zero?).

What good have they actually done for Bitcoin so far?

You're really just talking out your ass. You have no idea what's going on behind the scenes. Coinlab would not spend the money on filing a lawsuit if they didn't have good reason to. It's going to cost a hell of a lot of money to sue a large company like MtGox. MtGox must have done something really wrong for them to take it to this level.
member
Activity: 112
Merit: 100
May 02, 2013, 10:28:51 PM
#12
Suing someone for not living up to their contact (apparently) is a dick move? Since when?
newbie
Activity: 4
Merit: 0
May 02, 2013, 10:24:07 PM
#11
Huge bummer, I like MtGox but so far it's been difficult to get money out of the exchange in a timely manner.
full member
Activity: 182
Merit: 100
May 02, 2013, 10:19:22 PM
#10
I don't think they should do that, but then again, if they think they could win the law suit, then they'll do it. No they probably don't have the best interests of bitcoin at heart, but most people don't, most people only care about the money.
sr. member
Activity: 476
Merit: 250
Keep it Simple. Every Bit Matters.
May 02, 2013, 10:17:16 PM
#9
Considering the sort of contract they had in place, repeated breaches tends to lead to lawsuits.
It is sad, but yes it had to be done if everything is factually true with what has been said on the matter so far.
member
Activity: 107
Merit: 11
May 02, 2013, 10:15:59 PM
#8
That's an excellent idea.
member
Activity: 84
Merit: 10
Mine Litecoins.
May 02, 2013, 10:13:40 PM
#7
For some reason, I chose to not use Gox.
legendary
Activity: 1078
Merit: 1003
May 02, 2013, 10:12:02 PM
#6
Lame.  None of my business anyway; more incentive to stop using the Gox.
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