Post
Topic
Board Service Discussion
Re: If mtgox supposedly is having liquidity probs
by
ab8989
on 24/07/2013, 09:28:22 UTC
Mtgox cannot print money.

MtGox most definately CAN print money. The number they show you as your balance at MtGox can be purely printed money which they cannot back up with anything. And that means both USD ans BTC. MtGox can print both USD and BTC. The difference to most banks is that banks are audited and that limits what they can get away with. Nobody audits MtGox so they can print all the money they want all day long and it only causes problems when too many people want to withdraw.