4 ms·

Sold all our coins @$500. Not for this reason only, it's the straw on the camels back. It doesn't smell like BS to me (although it could be of course). I hig

Sold all our coins @$500. Not for this reason only, it's the straw on the camels back. It doesn't smell like BS to me (although it could be of course). I highly doubt the author is intentionally misleading us, be he could be being mislead. He's ex VC apparently, seems to be plausible that this document was MtGox's solution to their problem proposed to potential VC's, and one of his VC friends passed it on to him. Whether or not the document is real or not is pretty irrelevant to me at this stage. Only bad news can now come from Gox. - Moved to a virtual office - No withdrawls - AstroPay rumoured to be non functional - Communication failure of the highest order - etc etc This is a company going bankrupt. If we had our coins in MtGox and they go bust, I'm going to be pretty distraught by the experience and it would sting enough for me to pay it no more attention going into the future. If Gox does go bankrupt, Bitcoin could lose a large % of their 'userbase', and some passionate and technical ones at that. Chance of MtGox going bust is probable in my opinion. I can't really any scenario where good news comes from Gox. Happy to buy back in again, but probably wont consider it until the dust has settled, and there's a lot more dust to be kicked up in my opinion. Been watching Bitcoin religiously for a while now and it feels a little relieving to not have any more serious skin in, for a while at least. Happy to look like an idiot tomorrow morning/next week whenever.

zanny 13y ago
> Happy to buy back in again, but probably wont consider it until the dust has settled, and there's a lot more dust to be kicked up in my opinion. I rode this ride all the way down from $800 where I was investing and never sold. Still won't, because I can't imagine the economy being that stupid. All the money that was in Gox that was going to get out already did. The rest is already deflated from the death of confidence in Gox. All the rest of the money is going into a black hole of whatever the US fed got and whatever MtGox dies with. Unless people start panic selling their coins on the other exchanges (which I don't even get why you would - Gox is dead, the greatest blemish of incompetence in the trading scene is no more, that is a good thing), I don't see how this would impact the general btc price any more. If anything, I'd hope it would rally, but that malleable transactions nonsense probably is going to keep people scared for a while.

zanny 13y ago

> Happy to buy back in again, but probably wont consider it until the dust has settled, and there's a lot more dust to be kicked up in my opinion. I rode this ride all the way down from $800 where I was investing and never sold. Still won't, because I can't imagine the economy being that stupid. All the money that was in Gox that was going to get out already did. The rest is already deflated from the death of confidence in Gox. All the rest of the money is going into a black hole of whatever the US fed got and whatever MtGox dies with. Unless people start panic selling their coins on the other exchanges (which I don't even get why you would - Gox is dead, the greatest blemish of incompetence in the trading scene is no more, that is a good thing), I don't see how this would impact the general btc price any more. If anything, I'd hope it would rally, but that malleable transactions nonsense probably is going to keep people scared for a while.