Post
Topic
Board Currency exchange
Re: MTGOX <-> BTC BID/ASK
by
Mota
on 13/02/2014, 22:07:25 UTC
@ Bitsinmyhead
hahaha goxBTC to BTC exchange ... 10 out of 10 for entertainment value - love the idea joshbb!
.....

But the real reason I'm posting here is this - imagine this hypothetical scenario:

1) someone buys goxBTC for real BTC
2) the seller of goxBTC is later found by MtGox to have cheated them by exploiting the current technical bug (withdrew BTC from Gox but then was reimbursed by Gox for what they thought was a "failed" transaction) and then sold the reimbursed goxBTC to an unsuspecting buyer for real BTC.
3) Gox go through all the customer account balances and delete the non-existent goxBTC from all accounts as part of their current fix

Possible? - Yes!
Probable? - Yes!

Does the buyer loose their acquired fraudulent goxBTC? - possibly!!!


That does not work. Legally they can't take those Bitcoins from you. You would have to have bought them knowingly in order for them to charge them back to themself. Everything else is theft on their side.
What they could do is raise the fees to trade and withdraw in order to get their lost bitcoin back.