Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fluidjax
on 25/02/2014, 08:36:07 UTC
Looking at http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

"The cold storage has been wiped out due to a leak in the hot wallet."
   WTF does this mean?

"The reality is that MtGox can go bankrupt at any moment, and certainly deserves to as a company."
   "deserves to" - thats professional

"At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years."
   How can this quantity of BTC missing go unnoticed... its almost beyond belief, they must be absolutely incompetant.


Anyone dealing with the insolvency of Gox should be buying up Bitcoinbuilder Goxcoins to reduce their BTC liability.
Gox has $, so they buy 1000BTC on stamp, then buy Gox coins at .12 = 8333 Gox coins removed from their liability.