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Bitcoin Businesses

Mt. Gox Ordered Into Liquidation 44

An anonymous reader writes "The Japanese edition of The Wall Streeet Journal reports that Mt. Gox has filed for liquidation under Japanese bankruptcy law (link to article in Japanese, U.S. version may be paywalled). The article cites a 'related party' as saying that Mt. Gox was unable to work out how to deal with creditors spread out all over the globe, nor design a realistic rebuilding plan. The article adds a comment from the company lawyer: Mark Karpeles will not be attending the bankruptcy court hearing in the United States scheduled for April 17th." The announcement from Mt. Gox's lawyer.
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Mt. Gox Ordered Into Liquidation

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  • by squiggleslash ( 241428 ) on Wednesday April 16, 2014 @09:49AM (#46766867) Homepage Journal

    Many of my critics have claimed that the closure of Mt. Gox means something I'd prefer not to believe about Bitcoins. But ultimately, I think this proves they're wrong, and that surprisingly this actually confirms what I've been saying all along.

    Sure, my view has its detractors. But they're not basing their viewpoint on calm, reasoned, objective criteria mixed with a bigger vision of how the world works and the economics of Bitcoins vs the economics of normal currencies. They're simply mixing some observations with their own prejudiced view of economics, and coming to the opposite conclusion.

    I think, in the end, you'll find I'm right about Bitcoins and that my view is confirmed by the closure of Mt. Gox. It may not be the view you have, but it is the right one.

    (C) All Bitcoin advocates/skeptics, 2014

  • by Anonymous Coward on Wednesday April 16, 2014 @09:49AM (#46766875)
    Good news: Mt. Gox ordered into liquidation.
    Bad news: All debts paid out in Dogecoin.
  • by sirwired ( 27582 ) on Wednesday April 16, 2014 @10:05AM (#46767065)

    By glorifying MtGox's collapse, you have shown yourself to be a Thuggish Tool Of The Oppressor! You would have made Hitler and his minions proud with your slavish dedication to the status quo.

    Maybe you should open your eyes to the real world instead of digging yourself into a bunker of group-think as part of the great mass of sheeple and perpetuating hysteria and hype.

    (c) All Politically Frothy Slashdot Commenters, MMXIV, All Rights Reserved

  • by fellip_nectar ( 777092 ) on Wednesday April 16, 2014 @10:31AM (#46767385)
    I would donate, but someone stole all my Bitcoins...

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