I'm tempted to say, I told you so, but at least it seems that my reservations (or rather questions) towards Vess were warranted.

Here's an old thread that could be relevant:
https://bitcointalk.org/index.php?topic=148147.0;all


I don't know what Coinlab is trying to achive by suing MtGox like this. First off, if they intend to do business on the US/Canadian market, they need to have trust in their userbase. Knowing about all the scammy operations in Bitcoin-land, any new player must be super careful to build confidence in the community and with customers. You don't build confidence by suing the largest Bitcoin exchange for 75million dollars. I don't know how hard they've tried to get MtGox to cooperate, as we all know it can be slow getting MtGox do do anything, as they're swamped with requests. But I would think Coinlab has more effective channels of communication than the usual customer service channel.

Also - if Coinlab want MtGox to cooperate, then suing them won't make them much more cooperative I would think. So it seems to me that Coinlab is burning bridges and attempting a very opportunistic lawsuit. I also read in the lawsuit that Bitcoin is the most successfull kind of digital money. As Bitcoin has less market share than Paypal for instance, I don't think that's an accurate statement.

I'm looking forward to a statement from Mark Karpeles regarding all of this.

Edit: Someone else in this thread claims it must be an error in the court document, and that it's not 75 million dollars but 75 thousand dollars. That's quite a difference..