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Having other people seize 10 million of your assets does not make anyone's business a ponzi scheme. MTGox should be able to cover these costs by selling BTC on
by trevelyan 13y ago
Having other people seize 10 million of your assets does not make anyone's business a ponzi scheme.
MTGox should be able to cover these costs by selling BTC onto their own market. The strange thing is that if they were doing this, it should drive bitcoin prices LOWER on MTGox than elsewhere, and encourage people to play the arbitrage game in reverse (depositing rather than withdrawing USD).
Maybe they are having deposit issues in addition to withdrawal ones.