Mt. Gox Bankrupt? - Page 2 - TigerDroppings.com

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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80200 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

but is anyone thinking about calling the bankrupt bluff and snagging some bitcoins much cheaper than they would otherwise be?
To do that you'd have to deposit your dollars (or whatever real currency you use) into an account with MtGox.

How many people want to put money INTO a company that is on the verge of bankruptcy?

But, high risk, high reward.....or NO reward.






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
17296 posts

re: Mt. Gox Bankrupt?


quote:

To do that you'd have to deposit your dollars (or whatever real currency you use) into an account with MtGox.

How many people want to put money INTO a company that is on the verge of bankruptcy?

But, high risk, high reward.....or NO reward.


Yeah, plus it's a pain in arse just to set up an account. They make you send them a copy of your picture I.D. Seriously. It can also take weeks to get approved, as well.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80200 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

What would the operators of MtGOX do if they recognized their exchange operations had reached the limits of profitability and wanted to cash out big? Would they consider taking advantage of a minor crisis and intentionally crashing the price of BitCoins on their exchange, then buying the Bitcoins personally for <$300 and selling them on other exchanges for >$600? What better ploy to use than announce halts on withdrawals from accounts for the public? That would allow the MtGOXx operators plenty of time to make trades on other exchanges and cover the cash positions of customer accounts.

That would be highly unethical and likely illegal. No one involved with bitcoins would ever do anything unethical or illegal. You Luddite!!!






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80200 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

They make you send them a copy of your picture I.D.
I would photoshop someone else's photo onto my passport and send it to them.

I'd love to see if they know what Ben Bernanke looks like in Japan.....






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The Connoisseur
USA Fan
New Orleans
Member since Jan 2011
826 posts

re: Mt. Gox Bankrupt?


quote:

To do that you'd have to deposit your dollars (or whatever real currency you use) into an account with MtGox. How many people want to put money INTO a company that is on the verge of bankruptcy? But, high risk, high reward.....or NO reward.


Haha yeah, I will not be participating. Just was curious if anyone was taking the risk






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55660 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

I'd love to see if they know what Ben Bernanke looks like in Japan.....


Personally I would go with Volker but that's just me






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55660 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

If so I look forward to wiki filing a motion to intervene in the case and dismissively lecturing the bankruptcy judge on how he "just doesn't understand cryptography."


Best line I've seen on the MB this year so far.






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
17296 posts

re: Mt. Gox Bankrupt?


quote:

I'd love to see if they know what Ben Bernanke looks like in Japan.....







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htownjeep
LSU Fan
Nassau Bay, TX
Member since Jun 2005
4981 posts

re: Mt. Gox Bankrupt?


quote:

I would photoshop someone else's photo onto my passport

I'd try something more apropos like






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cwill
New Orleans Saints Fan
Member since Jan 2005
23979 posts
 Online 

re: Mt. Gox Bankrupt?


A digital currency, with wild price fluctuations, digitally stored in servers located in Japan run by this guy:



I really feel like I missed out on the future now.






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
17296 posts

re: Mt. Gox Bankrupt?


quote:

run by this guy:



Looks too metrosexual for me. I prefer my magic internet money be handled by Russian mob types.






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htownjeep
LSU Fan
Nassau Bay, TX
Member since Jun 2005
4981 posts

re: Mt. Gox Bankrupt?


quote:

A digital currency, with wild price fluctuations, digitally stored in servers located in Japan run by this guy:

I'd love to see/hear the Japanese Bankruptcy Judge as he gathers the facts in your case against Mt Gox.
"You gave them how much? For what? "






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55660 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

I prefer my magic internet money be handled by Russian mob types.


Fairy dust. What you gonna buy when you get rich?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80200 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

I prefer my magic internet money be handled by Russian mob types.
I can hook you up.....let me know.






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
17296 posts

re: Mt. Gox Bankrupt?


quote:

Fairy dust. What you gonna buy when you get rich?



LOL I don't keep it. I manufacture and sell.






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cwill
New Orleans Saints Fan
Member since Jan 2005
23979 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

"You gave them how much? For what?


It's the equivalent of a doctor investing with "some guys he met" in an oil well in Africa.






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brucevilanch
Alabama Fan
guntersvegas
Member since May 2011
17296 posts

re: Mt. Gox Bankrupt?


I'll keep that in mind.





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htownjeep
LSU Fan
Nassau Bay, TX
Member since Jun 2005
4981 posts

re: Mt. Gox Bankrupt?


quote:

Fairy dust. What you gonna buy when you get rich?


LOL I don't keep it. I manufacture and sell.

Just had a million dollar idea. I'm going to start putting together a company for fairy dust lab cleanups. You're in bama though so this might be difficult.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55660 posts
 Online 

re: Mt. Gox Bankrupt?


quote:

LOL I don't keep it. I manufacture and sell.


Like crack rock?






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southernelite
Iowa State Fan
New Orleans
Member since Sep 2009
40709 posts
 Online 

re: Mt. Gox Bankrupt?








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