Post
Topic
Board Service Discussion
Re: Why are people defending MTGox?
by
Artlover
on 25/02/2014, 21:14:00 UTC
I'll defend anyone against rumors, amateurish "leaked" documents, and unconfirmed allegations.

It's to everyone's benefit in this community that we have accurate, solid information and not jump to conclusions. Circumstantial evidence is being used to declare MtGox insolvency as a foregone conclusion, rather than just a fairly high likelihood. This is wrong. It is poor reckoning of evidence, even if they do turn out to be insolvent in the end.
Problem is, good sir, is this is just one of a dozen different problems Gox has had over the years, none of which they have ever been truthful and forth coming about. They never really explained the last theft they had a few years ago, they never explained their deliberate market manipulation, they lied about why they stopped doing USD withdrawals last years, had no good reason why other fiat withdrawals were getting hung up. Now they have been blaming a non issue for withdrawal problems, never reactivating them after getting a so called fix a while ago. Sneaking off to a new location in the middle of the night. About the only thing Gox has ever been somewhat truthful about is the fact that they knowingly and deliberately chose to ignore proper bitcoin network protocol because it didn't serve their needs. Which is precisely why they are in the situation they are in.

Has nothing to do with rumors or circumstantial evidence. It's about years and years of known incompetence, lies and coverups. Given their long shady history, there is no reason to believe otherwise. That is squarely their fault and completely deserved. They deserve no assumptions on innocence. THEY need to be proactively trying to prove everyone wrong (of course they won't because they can't. Same situation they have been in time and time before).

Also, the amateurish "leaked" document is likely real. Real in as much as it came from inside Gox. ALL of their documents are pathetically amateurish looking like they were written by a 16 year old. This has already been discussed to death in other forums. This looks exactly like what they always throw out there. That said, it's fake in that I doubt any of that is the real intention. Like everything else, it's a feel good stall tactic to give people false hope while they finish covering their tracks and pocketing the last few coins and dollars of fiat that are left.