Will today's forth Mt Gox creditor’s meeting affect the price?

MF Doom

hero member

Activity: 560

Merit: 500

Quote from: gentlemand on September 09, 2015, 03:53:29 PM

Quote from: MF Doom on September 09, 2015, 02:06:10 PM

I just think that while the whole ordeal remains a mystery as to who is responsible for the lost coins, and HOW they did it, it leaves the door open for any exchange to go down that same path.

Maybe gox was just run by the most incompetent ceo ever, that is possible. But I know I currently dont feel safe storing coins in any exchange, at least no amount of significance.

That's the right approach to take. I find it incredible that the biggest exchanges are still basically capable of disappearing with everything with no comebacks.

There are now a handful of exchanges that can guarantee funds. Itbit has a banking charter so dollars are insured. I'm not sure about coins. Coins at Coinbase are insured if they're hacked at their end. It's up to users to vote for safety with their money.

I agree that coinbase seems to be at the to of the list of legit btc exchanges/services. Yes they "track" how btc are used (probably to comply with anti money laundering laws) but I think also to make sure they are NOT a safe haven for criminals to direct their btc.

Other places (btc-e comes to mind?) may cater to the more "anonymous" btc users

ramkumar

hero member

Activity: 603

Merit: 500

Quote from: willope on September 10, 2015, 11:41:40 AM

No, but if there will be any refund anytime, THAT will affect the price.

Might increase the price before down.

willope

sr. member

Activity: 366

Merit: 261

No, but if there will be any refund anytime, THAT will affect the price.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: MF Doom on September 09, 2015, 02:06:10 PM

I just think that while the whole ordeal remains a mystery as to who is responsible for the lost coins, and HOW they did it, it leaves the door open for any exchange to go down that same path.

Maybe gox was just run by the most incompetent ceo ever, that is possible. But I know I currently dont feel safe storing coins in any exchange, at least no amount of significance.

That's the right approach to take. I find it incredible that the biggest exchanges are still basically capable of disappearing with everything with no comebacks.

There are now a handful of exchanges that can guarantee funds. Itbit has a banking charter so dollars are insured. I'm not sure about coins. Coins at Coinbase are insured if they're hacked at their end. It's up to users to vote for safety with their money.

MF Doom

hero member

Activity: 560

Merit: 500

Quote from: gentlemand on September 09, 2015, 01:41:17 PM

Quote from: MF Doom on September 09, 2015, 01:34:16 PM

Until some sort of conclusion comes as to where those coins are, I think btc has a VERY hard chance of becoming a legitimate "currency"

Um, why? It's just one company run by a fuckhead.

It's definitely relevant for the people who got caught up in it but the most disruptive act, its actual death, has been and gone. No doubting that its effects are still being felt but clearing up details won't make up for that.

I just think that while the whole ordeal remains a mystery as to who is responsible for the lost coins, and HOW they did it, it leaves the door open for any exchange to go down that same path.

Maybe gox was just run by the most incompetent ceo ever, that is possible. But I know I currently dont feel safe storing coins in any exchange, at least no amount of significance.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: MF Doom on September 09, 2015, 01:34:16 PM

Until some sort of conclusion comes as to where those coins are, I think btc has a VERY hard chance of becoming a legitimate "currency"

Um, why? It's just one company run by a fuckhead.

It's definitely relevant for the people who got caught up in it but the most disruptive act, its actual death, has been and gone. No doubting that its effects are still being felt but clearing up details won't make up for that.

MF Doom

hero member

Activity: 560

Merit: 500

Obviously the focus has been mainly on Karpeles, but have the former mt gox owners/operators (before karpeles) been at least questioned?

I remember reading that the coins began "disappearing" shortly after karpeles took over the company. Could there have been a former employee/owenr who had a back door or left some sort of code that would siphon off these coins?

Until some sort of conclusion comes as to where those coins are, I think btc has a VERY hard chance of becoming a legitimate "currency"

Tzupy

legendary

Activity: 2170

Merit: 1094

Not at all. It looks like a never ending story, with 3 largest "creditors" claiming 95% of the total claims (which are about 2.2 billion $ Shocked

), which is probably bogus.
Kobayashi ~~Maru~~ is slowly eating the existing funds, while the "loans" from MtGox to Karpeles' companies have little chance to be recovered.

sniveling

sr. member

Activity: 719

Merit: 250

Will there be any new information at the forth Mt Gox creditor’s meeting today that's likely to affect the price? There was almost no useful information provided at the last one, but maybe this one might say what they are going to do with the 200k Bitcoins. They've finished accepting claims so they can't keep on dragging it on much longer, or can they?

https://www.mtgox.com/

Quote

The forth creditor’s meeting will be held at Tokyo District Courtroom for Creditors’Meeting No.1 (5F, joint government building for the domestic, summary and district courts) at 13:30 on September 9, 2015.

Topic: Will today's forth Mt Gox creditor’s meeting affect the price? (Read 838 times)