Post
Topic
Board Bitcoin Discussion
Re: Full Blown MtGox Audit - Get Ready To participate. Starting Sept 25th
by
allten
on 11/09/2011, 23:53:32 UTC

I don't want to harm MtGox or BitCoin; however, there is not even a public policy on Marc's website about fractional reserve banking and methods of ensuring that through audits to the public. This is an opportunity for Marc! I hope he embraces it and finds me as a friend not an enemy.

You are advocating a bank run on his company.  Why in the world would he find you as a friend?  If I were him I would want to punch you in the face.

You come in with 14 posts and are already advocating the destruction of one of bitcoin's main pillars.  Why would anyone treat you as a friend?

A BTC bank run on an organization that is 100% funded (both btc and all currencies) with lots of profits should absorb it just fine because they have 100% of funds available. If this is successful and everyone gets there money out and there's been no indication of market manipulation then I will defiantly increase the amount of reserve and amount of trading I do with them. Like I said before, they should embrace this opportunity. The short-term loss would not even compare with their long term gains and the increased confidence from the market they would receive.