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Roger Ver on MTGOX Bitcoin exchange

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Published on Jul 17, 2013

----------------------------2015 Update----------------------------
This video was made 7 months before the collapse of MTGOX.
At that time, MTGOX was experiencing no delays with Bitcoin.
Their only problems at that time were with fiat withdrawals.
While I regret having made this video for MTGOX,
everything stated in the video was factually correct, even with everything we know today.
I simply stated that the withdrawal delays were not being caused by a lack of liquidity.
I made no claims as to whether or not MTGOX was solvent or not.
My apology video can be found here: https://www.youtube.com/watch?v=GRIJ_...
-------------------------------------------------------------------------------------

This video was recorded at the MTGOX headquarters on July 17th, 2013.

Transcript: I'm Roger Ver, long time Bitcoin advocate and investor.
Today I'm at the Mtgox world headquarters in Tokyo Japan.
I had a nice chat with MTGOX CEO, Mark Karpeles, about their current situation.
He showed me multiple bank statements, as well as letters from banks and lawyers.
I'm sure that all the current withdrawal problems at MTGOX are being caused by the traditional banking system, not because of a lack of liquidity at MTGOX.
The traditional banking partners that MTGOX needs to work with are not able to keep up with the demands of the growing Bitcoin economy.
The dozens of people that make up the MTGOX team are hard at work establishing additional banking partners, that eventually will make dealing with MTGOX easier for all their customers around the world.  For now,  I hope that everyone will continue working on Bitcoin projects that will help make the world a better place.


To learn more about Bitcoin, the most important invention in the history of the world since the internet, visit http://www.bitcoin.com

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