Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
Bitnicity
on 14/02/2014, 09:25:29 UTC
I don't understand why heck people still believe they have a better hand holding fiat in the event Gox is insolvent (legally? give me a break), it always is a cheaper solution for Gox to bail their ass out of this shit by paying BTC holder v.s fiat holder given the cheap coins they could purchase to return back to holders.

If Gox goes down, there is no way they will pay fiat holders v.s paying btc holders, if there are really insolvency holes  there, the btc hole will be the one that is easy to fill up, so forget about selling your btc and hope you could somehow withdraw fiat as your "exit strategy"; you will be trapped there forever and once btc withdrawal resume, you will be paying huge premium to buy btc at Gox to exit, hence being Goxed twice.