SlipperySlope
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Stephen Reed


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May 03, 2013, 05:28:52 AM

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I'm curious how you think the coin lab vs. Mt.Box lawsuit will affect prices.

http://gawker.com/so-a-currency-that-fluctuates-wildly-with-the-ebbs-and-487994806

I'm still relatively new to the BTC market, but surely the price would go down further in light of such news.

I believe that this is huge but not immediate.

From the article ...
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What tipped us into filing was our complete inability to get Mt. Gox to deliver on the few simple things left that were needed for customers to move over en-masse; we were often left just apologizing to our alpha customers while their own businesses suffered. I'm just not willing to put any of our customers in that position — if we can't do a good job for you, I won't promise that we can.

It is huge because Mt. Gox will react to the suit instead of spending all their time fighting DDoS attacks.