4 ms·

Interesting to see these companies assume that the report is real. I wonder if they had contact with the owners of MtGox or if they simply wanted to get a jump

Interesting to see these companies assume that the report is real. I wonder if they had contact with the owners of MtGox or if they simply wanted to get a jump on what is sure to be a major downswing in BTC prices.

Aqueous 13y ago
This is coordinated. Which means they've known long enough to coordinate every exchange.
- crazypyro 13y ago
  That is an interesting point. How long would it actually take to coordinate between those exchanges though? Its been a big day in BTC news and I'm sure everyone with some skin in the game is watching the news like a hawk.
  - Aqueous 13y ago
    Probably not very long. But I'd wager they've known since at least this morning. Given last night's resignation of Mt. Gox from the Foundation, I'd say since last night.
  - deleted 13y ago
    [deleted]
- wmf 13y ago
  People have been accusing MtGox of being insolvent for years and the malleability stuff has been going on for weeks. Plenty of time to whip up some damage control.
ChuckMcM 13y ago
Seems like a safe choice, if its real they already have their statement out there, if it's false, they still have a positive statement of support for their customers out there. I don't see any downside to them coming out with this statement at this time, do you?
- MWil 13y ago
  I think that's true. The headline could be changed and the text would still be read assurably.
  - spiralpolitik 13y ago
    The Coinbase headline makes no mention of insolvent. So either the headline changed after the post to HN or the poster is trying to scare things up.
    - MWil 13y ago
      It was in fact changed.
    - skywhopper 13y ago
      Check out the URL that's linked in the OP. It includes the word "insolvency", and then redirects to the appropriate place.
  - mattm 13y ago
    Headline was changed. The original is still on blockchain.info http://blog.blockchain.info/2014/02/25/joint-statement/ http://blog.blockchain.info/2014/02/25/joint-statement/ Edit: now blockchain.info has also removed "insolvency" from the headline but not the first sentence.
    - oscilloscope 13y ago
      The first sentence has now been edited to remove the word "insolvency".
      - MWil 13y ago
        if they hadn't done it so piecemeal it wouldn't be so interesting. Quick get it out of the headline! You idiot, it's still in the url! You fool, it's right in the first sentence! Damnit, the first letter of every line spells out "insolvency"!

Aqueous 13y ago

This is coordinated. Which means they've known long enough to coordinate every exchange.

crazypyro 13y ago
That is an interesting point. How long would it actually take to coordinate between those exchanges though? Its been a big day in BTC news and I'm sure everyone with some skin in the game is watching the news like a hawk.
- Aqueous 13y ago
  Probably not very long. But I'd wager they've known since at least this morning. Given last night's resignation of Mt. Gox from the Foundation, I'd say since last night.
- deleted 13y ago
  [deleted]
wmf 13y ago
People have been accusing MtGox of being insolvent for years and the malleability stuff has been going on for weeks. Plenty of time to whip up some damage control.

ChuckMcM 13y ago

Seems like a safe choice, if its real they already have their statement out there, if it's false, they still have a positive statement of support for their customers out there. I don't see any downside to them coming out with this statement at this time, do you?

MWil 13y ago
I think that's true. The headline could be changed and the text would still be read assurably.
- spiralpolitik 13y ago
  The Coinbase headline makes no mention of insolvent. So either the headline changed after the post to HN or the poster is trying to scare things up.
  - MWil 13y ago
    It was in fact changed.
  - skywhopper 13y ago
    Check out the URL that's linked in the OP. It includes the word "insolvency", and then redirects to the appropriate place.
- mattm 13y ago
  Headline was changed. The original is still on blockchain.info http://blog.blockchain.info/2014/02/25/joint-statement/ http://blog.blockchain.info/2014/02/25/joint-statement/ Edit: now blockchain.info has also removed "insolvency" from the headline but not the first sentence.
  - oscilloscope 13y ago
    The first sentence has now been edited to remove the word "insolvency".
    - MWil 13y ago
      if they hadn't done it so piecemeal it wouldn't be so interesting. Quick get it out of the headline! You idiot, it's still in the url! You fool, it's right in the first sentence! Damnit, the first letter of every line spells out "insolvency"!