Quote from: JayJuanGee on February 28, 2014, 10:12:39 PM

Quote from: Adrian-x on February 28, 2014, 10:04:11 PM

Quote from: deadfi$h on February 28, 2014, 09:48:06 PM

Quote from: JayJuanGee on February 28, 2014, 09:44:19 PM

Quote from: FTWbitcoinFTW on February 28, 2014, 09:10:29 PM

Frrom Bitcoinbuilder FAQ

Quote

As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently? And, his business plan seem a bit, lacking? Anyhow... So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?

This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

he doesn't want to fold, he isn't, he is being controlled by TPTB, they sent silk road layers after him, and his bank (Mizuho Bank) with Gag orders, he is playing for time, still he has no Bitcoins, if TPTB win the coins are lost, or he wins (not a chance i think) he gets his safety deposit box back.

Do you mean that he is in a similar boat as Charlie Shrem?

way more screwed