I can picture Bernie Madoff's clients writing a wall of text trying to convince themselves that the account statements Madoff Investments had sent them for years "couldn't have been faked".
Why would anyone trust a miniscule-sized company that was originally started as a Magic The Gathering exchange which has been catastrophically hacked into, had money seized by the feds and has repeatedly shut down their system to prevent withdrawals?
There are no trade fees in the future. Mt Gox is toast. If anyone recovers a dime out of that company they will move said dime to another company. Bitcoin is trading for half of its market value on Mt Gox right now. If that doesn't tell you something, then nothing will.
I wouldn't trust Mt Gox to be competent to run a bank. But their Magic the Gathering background makes me trust their honesty more. What scam artist is going to start out there?
The founder of MtGox was Jed McCaleb and he is the one that started out as a Magic the Gathering exchange. He then switched it to trading bitcoin in 2011. When it began to take off, he sold it to the current CEO Mark Karpeles.
The current owner, Mark Karpeles who oversaw the rise of MtGox, the hacking incident, the seizing of assets by the Feds and the shut down of withdrawals in both dollars and now Bitcoin never had anything to do with Magic the Gathering.
Why would anyone trust a miniscule-sized company that was originally started as a Magic The Gathering exchange which has been catastrophically hacked into, had money seized by the feds and has repeatedly shut down their system to prevent withdrawals?
There are no trade fees in the future. Mt Gox is toast. If anyone recovers a dime out of that company they will move said dime to another company. Bitcoin is trading for half of its market value on Mt Gox right now. If that doesn't tell you something, then nothing will.