What is the reasoning for the big difference in the gox price and the quote everywhere else? I really haven't looked into bitcoins so I don't know anything about the different exchanges
Gox is going down in flames, the CEO must go to jail for sure, money is not going out of Gox , they have those silly prices to trap greedy noobs to come in.
It would be like if a forex firm were about to go under and quoting a currency way lower than all other firms still quoting the real price.
He's either arbitraging the Gox/Coinbase rate or simply walking away with 'em. Either way the guy will do 1-2 years and walk away with many millions.
Multiple lawsuits happening against mtgox, they are in liquidation mode converting fiat to btc to protect against bankruptcy claims, since it is difficult to recover btc due to unclear bankruptcy laws on virtual currency. Note the price gap from $100 to $300 on mtgox. Criminals... http://www.reddit.com/r/Bitcoin/comments/1ypaug/we_are_suing_mtgox_all_their_assets_could_be/
just let these guys fix their software.. if they were to scam everyone, they would have done so already?