MtGox Chapter 15 Filing by ronfm
Approval of Mt Gox's Chap. 15 Bankruptcy by steven_musil
Sources: ArsTechnica, Reuters
quote: What a complete train wreck. This guy had the opportunity of a lifetime, and instead of investing consistent effort and leveraging a moral compass, he instead has potentially screwed himself and everyone else out of one of the most unique and amazing economical mechanisms of the last 50 years.
quote: This is true and this could happen to any bank, and any currency. It really has nothing to do with bitcoins.
quote: Seems like EricMartello has a personal vendetta against bitcoins. Maybe he lost a bunch of money like a newb or doesn't understand how it all works and this is his way of making himself feel better. Sad.
quote: And if enough people suddenly believe bitcoin worth nothing, the value will drop and eventually it will goes to nothing.
quote: You do realize that bitcoin does not equate to MtGOX right? MtGOX is burning in flames (and rightly so), but bitcoin still has a long life ahead of itself as a currency.
quote: MtGOX is just like a bank, they hold your money and offer ways of performing transactions... but if the bank mismanages funds then the bank goes down along with all accounts attached to it. But it is just one bank that is the problem, not the currency that the bank happens to be using.
quote: he instead has potentially screwed himself and everyone else out of one of the most unique and amazing economical mechanisms of the last 50 years.