Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33337.

shad0wbitz

full member

Activity: 182

Merit: 100

Quote from: TheKoziTwo on May 15, 2013, 01:47:40 PM

Quote from: gizmoh on May 15, 2013, 01:34:49 PM

It is not improbable that a separate charge is lodged against Mark Karpeles and be extradited, being single owner of Mutum Sigillum LLC, based in Delaware.

Isn't Mark attending bitcoin2013 ? It's located in the US, so that would be a good time to arrest him wouldn't it? Not that Japan wouldn't extradite him. But this sounds like a good opportunity to bring him to "justice" quickly.

I really really hope Mark never visits the US. But who knows.

It would be very foolish for Mark to attend said conference. But then again, the man is a FOOL.

crumbcake

newbie

Activity: 42

Merit: 0

Quote from: ChartBuddy on May 15, 2013, 02:02:06 PM

http://www.rtcons.com/wall/15840.17.png

What's wrong, ChartBuddy Huh

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: BitPirate on May 15, 2013, 01:56:10 PM

No excuse? It's only been a month, and these things take time and can be very onerous.

Gox has had it hard lately -- Repeated DDOS, unfriendly business "partners" suing them for not giving up their customers, and now this...

I really hope the last two points (or indeed all of them) aren't related. That would be more than disappointing.

It hasn't really only been a month... it's been a few years so someone should have caught it. A multi million dollar company should be able to walk and chew gum at the same time. I doubt their lawyers are manning the Network Operations Center.

I was just saying that the recent news of the regulations should have caused someone over there to make sure they were compliant. Perhaps it does take longer than a month to get registered but I don't think so. It's a simple form that you fill out and submit online.
http://www.fincen.gov/financial_institutions/msb/msb.registration.html

telemaco

sr. member

Activity: 371

Merit: 250

Quote from: telemaco on May 15, 2013, 12:13:11 AM

Maybe is just a continuation of the limitations in United States against online gambling

If is something related to gambling and the warrant issuer feds from Maryland continue their war against online gambling the bad news might not be so severe in the way that it might not be worldwide (they have limited gambling related sites from usa but not from the rest of the world), so the damage to bitcoin might not be "global" with warrant requests all over the world like they requested from New Zealand to fight against K. Dotcom. Also fighting against gambling might not have the same popular backing as calling a war against bitcoin in order to fight terrorism, child abuse or some other things so might be quite impopular for them to just declare war on bitcoin. That is not reason enough for a total war against bitcoin and I hope for that reason we won't see requests to ban MtGox on Japan or continuation of seizures with other US exchanges.

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: Frozenlock on May 15, 2013, 01:56:50 PM

Quote from: Ultraviolet on May 15, 2013, 01:52:34 PM

Gox www lagging hard/API unresponsive/broken for anyone else?

MtGox appears to be down.

Again.

api seems to have problems .. .. not sure about the website.. i dont use it

ChartBuddy

legendary

Activity: 2268

Merit: 1782

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: Pale Phoenix on May 15, 2013, 01:58:11 PM

Quote from: BitPirate on May 15, 2013, 01:49:32 PM

Yes, but I hope they don't. The law may be the law, and Mt Gox can improve, but he doesn't deserve to be arrested for this.

Definitely not. Something like this should never lead to jail time. They are registered for their main business so it's obviously just an oversight. I bet a hefty fine is all that will be levied.

I do remember the heavy handed way the Feds dealt with the online poker companies though. Hopefully this isn't that kind of ridiculous overreaction.

No one will go to jail. Big banks get caught laundering money for drug cartels and just get a fine. BOA gets caught screwing people out of their homes, they get a fine. The US Govt much prefers money then a trial.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: BitPirate on May 15, 2013, 01:49:32 PM

Yes, but I hope they don't. The law may be the law, and Mt Gox can improve, but he doesn't deserve to be arrested for this.

Definitely not. Something like this should never lead to jail time. They are registered for their main business so it's obviously just an oversight. I bet a hefty fine is all that will be levied.

I do remember the heavy handed way the Feds dealt with the online poker companies though. Hopefully this isn't that kind of ridiculous overreaction.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Frozenlock on May 15, 2013, 01:56:50 PM

Quote from: Ultraviolet on May 15, 2013, 01:52:34 PM

Gox www lagging hard/API unresponsive/broken for anyone else?

MtGox appears to be down.

Again.

I just got in - and a new buying selling UI is there (dont get too excited)

edit: derp - nevermind, looks like the page just loaded in a fugly way - went to refresh it and got a 502.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Ultraviolet on May 15, 2013, 01:52:34 PM

Gox www lagging hard/API unresponsive/broken for anyone else?

MtGox appears to be down.

Again.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: Pale Phoenix on May 15, 2013, 01:50:41 PM

Quote from: BitPirate on May 15, 2013, 01:45:21 PM

Mutum Sigilum looks like it was set up for a completely different business, and was just conveniently co-opted when the online exchange business took off. Gox grew fairly organically from nothing, after all.

Yes, I see that too. Mutum Sigilium was created in Delaware on 05/09/2008. Still, after those FinCen regulations came out last month, there's really no excuse for such an oversight on Gox's part.

No excuse? It's only been a month, and these things take time and can be very onerous.

Gox has had it hard lately -- Repeated DDOS, unfriendly business "partners" suing them for not giving up their customers, and now this...

I really hope the last two points (or indeed all of them) aren't related. That would be more than disappointing.

Ultraviolet

member

Activity: 84

Merit: 10

Gox www lagging hard/API unresponsive/broken for anyone else?

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: BitPirate on May 15, 2013, 01:49:32 PM

Quote from: TheKoziTwo on May 15, 2013, 01:47:40 PM

Quote from: gizmoh on May 15, 2013, 01:34:49 PM

It is not improbable that a separate charge is lodged against Mark Karpeles and be extradited, being single owner of Mutum Sigillum LLC, based in Delaware.

Isn't Mark attending bitcoin2013 ? It's located in the US, so that would be a good time to arrest him wouldn't it? Not that Japan wouldn't extradite him. But this sounds like a good opportunity to bring him to "justice" quickly.

Yes, but I hope they don't. The law may be the law, and Mt Gox can improve, but he doesn't deserve to be arrested for this.

US doesn't have a working justice system, very few who is in prison there deserves it.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: lebing on May 15, 2013, 01:45:04 PM

So, bears, it appears your option left is to buy back - probably at a loss.

Dunno, we'll see.

Wouldn't be buying back at a loss, though.

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

MtGox 502 Bad Gateway ? Shocked

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: BitPirate on May 15, 2013, 01:45:21 PM

Mutum Sigilum looks like it was set up for a completely different business, and was just conveniently co-opted when the online exchange business took off. Gox grew fairly organically from nothing, after all.

Yes, I see that too. Mutum Sigilium was created in Delaware on 05/09/2008. Still, after those FinCen regulations came out last month, there's really no excuse for such an oversight on Gox's part.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: TheKoziTwo on May 15, 2013, 01:47:40 PM

Quote from: gizmoh on May 15, 2013, 01:34:49 PM

It is not improbable that a separate charge is lodged against Mark Karpeles and be extradited, being single owner of Mutum Sigillum LLC, based in Delaware.

Isn't Mark attending bitcoin2013 ? It's located in the US, so that would be a good time to arrest him wouldn't it? Not that Japan wouldn't extradite him. But this sounds like a good opportunity to bring him to "justice" quickly.

Yes, but I hope they don't. The law may be the law, and Mt Gox can improve, but he doesn't deserve to be arrested for this.

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: gizmoh on May 15, 2013, 01:34:49 PM

It is not improbable that a separate charge is lodged against Mark Karpeles and be extradited, being single owner of Mutum Sigillum LLC, based in Delaware.

Isn't Mark attending bitcoin2013 ? It's located in the US, so that would be a good time to arrest him wouldn't it? Not that Japan wouldn't extradite him. But this sounds like a good opportunity to bring him to "justice" quickly.

I really really hope Mark never visits the US. But who knows.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: dexX7 on May 15, 2013, 12:44:52 PM

After reading the seizure warrent, I'd say: not a huge deal. They target US based money supply. Even the seized banking account at Wells Fargo was only filled with Dwolla cash, which was sent to Japan. It seems Dwolla was the only critical part. As (hopefully) the other funding options (i.e. wire transfer) aren't linked to US accounts, it should be fine.

Lesson learned today: if you want to do business in the US, you have to do proper US paperwork. And tbh this isn't something unexpected.

Any accounts that wire money to Americans are at risk. Generally, it goes offshore bank --> intermediary (US) bank --> customer bank. That's why we get MT Gox wires from Chase NY, etc. Lots of online gambling money gets nabbed by the feds this way. In reality, they can seize offshore accounts where they have existing bank treaties, when there is "cause".

IMO, don't assume this is the end of this. Some thoughts on the subject: https://bitcointalksearch.org/topic/m.2114965

Trying to remain positive here, though.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: Coinseeker on May 15, 2013, 12:14:19 PM

We do have a solution, it's called Ripple. Ripple will legitimize the BTC but not before we see double digits again.

BTC needs Ripple to achieve legitimacy? Did you read that on a fortune cookie?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33337. (Read 26463083 times)