Great news! 
Makes sense, hope it doesn't turn out to be a huge ponzi.
I think it will end up that way. Similarly to how Ultimate Bet turned out for online poker (if you were a part of that)
The article that OP FUDster linked to says they have the money and coins:
Roger Ver, who declared last July he had looked at Mt. Goxs books and determined they were indeed still solvent, said he was still optimistic the exchange would fulfil its obligations.
This was after the USA Gov raped them, Gox still had enough money.*
The problems were dealing with the banking industry and very poor coding.
*Unless "the books were faked"
MtGox became a epic joke long time ago and only greed and stupidity forced people to trade there or send any coin/fiat into this black hole.
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
Makes sense, hope it doesn't turn out to be a huge ponzi.
I think it will end up that way. Similarly to how Ultimate Bet turned out for online poker (if you were a part of that)
The article that OP FUDster linked to says they have the money and coins:
Roger Ver, who declared last July he had looked at Mt. Goxs books and determined they were indeed still solvent, said he was still optimistic the exchange would fulfil its obligations.
This was after the USA Gov raped them, Gox still had enough money.*
The problems were dealing with the banking industry and very poor coding.
*Unless "the books were faked"
Didn't anyone else think that that Roger Ver video was 100% proof that everything coming out of MtGox is SCRIPTED!?!?
http://www.youtube.com/watch?v=UP1YsMlrfF0