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Started By
Message
re: Mt. Gox Bankrupt?
Posted on 2/19/14 at 9:07 am to The Connoisseur
Posted on 2/19/14 at 9:07 am to The Connoisseur
quote:To do that you'd have to deposit your dollars (or whatever real currency you use) into an account with MtGox.
but is anyone thinking about calling the bankrupt bluff and snagging some bitcoins much cheaper than they would otherwise be?
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.
2
Posted on 2/19/14 at 9:10 am to LSURussian
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.
Posted on 2/19/14 at 9:15 am to Poodlebrain
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!!!
Posted on 2/19/14 at 9:17 am to brucevilanch
quote:I would photoshop someone else's photo onto my passport and send it to them.
They make you send them a copy of your picture I.D.
I'd love to see if they know what Ben Bernanke looks like in Japan.....
Posted on 2/19/14 at 9:20 am to LSURussian
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
Posted on 2/19/14 at 9:20 am to LSURussian
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
Posted on 2/19/14 at 9:20 am to Cold Cous Cous
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.
Posted on 2/19/14 at 9:35 am to LSURussian
quote:
I'd love to see if they know what Ben Bernanke looks like in Japan.....
Posted on 2/19/14 at 9:36 am to LSURussian
quote:
I would photoshop someone else's photo onto my passport
I'd try something more apropos like
Posted on 2/19/14 at 9:36 am to Lsut81
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.
I really feel like I missed out on the future now.
Posted on 2/19/14 at 9:38 am to cwill
quote:
run by this guy:
Looks too metrosexual for me. I prefer my magic internet money be handled by Russian mob types.
Posted on 2/19/14 at 9:39 am to cwill
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?
"Posted on 2/19/14 at 9:41 am to brucevilanch
quote:
I prefer my magic internet money be handled by Russian mob types.
Fairy dust. What you gonna buy when you get rich?
Posted on 2/19/14 at 9:43 am to brucevilanch
quote:I can hook you up.....let me know.
I prefer my magic internet money be handled by Russian mob types.
Posted on 2/19/14 at 9:43 am to Broke
quote:
Fairy dust. What you gonna buy when you get rich?
LOL I don't keep it. I manufacture and sell.
Posted on 2/19/14 at 9:46 am to htownjeep
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.
Posted on 2/19/14 at 9:48 am to LSURussian
I'll keep that in mind.
Posted on 2/19/14 at 9:48 am to brucevilanch
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.
Posted on 2/19/14 at 9:48 am to brucevilanch
quote:
LOL I don't keep it. I manufacture and sell.
Like crack rock?
Posted on 2/19/14 at 9:49 am to brucevilanch
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