I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.
Buy and hodl the big boys have just implemented a very well planned take over of Botcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.
Buy and hodl the big boys have just implemented a very well planned take over of Botcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.
You can't legally buy your own exchange's bitcoin to cover losses. On top of that.. if the document and recent body of work is their standard of operations, then no way in hell could they pull that off with out leaving the most obvious trail... in other words I hope they rot in Jail..just wish it was with fiat bankers who committed equally evil scams
Show me the law that says this.
A fiduciary duty[3] is the highest standard of care at either equity or law. A fiduciary (abbreviation fid) is expected to be extremely loyal to the person to whom he owes the duty (the "principal"): he must not put his personal interests before the duty, and must not profit from his position as a fiduciary, unless the principal consents.
the basis to the idea that You can't run an exchange and then tank it behind the scenes as to buy up all the shares at a lower price in hopes to cover the lost of your shareholders money. The fact you think that idea could be Kosher blows my mind lol
Not to mention its basically insider trading and fraud.