MtGox.com is offline • Hacker News Board

Re: MtGox.com is offline

#41

Post by [deleted] » Tue, Feb 25, 2014, 3:55 AM UTC

[deleted]

Re: MtGox.com is offline

#42

Post by jfoutz » Tue, Feb 25, 2014, 3:55 AM UTC

taspeotis wrote: post #15

With credit to /r/bitcoin, I got a chuckle out of this one: Sorry, due to a major bug in the WWW protocol, our website is temporarily unavailable. Thank you for your patience while we await Al Gore's instruction!

Jokes like this make me crazy. Seriously HTTP is layer 7. Why would you bother the former senator with anything above 4? tcp/ip is just fine. your buggy code is what's broken, thank you very much.

Re: MtGox.com is offline

#43

Post by crassus » Tue, Feb 25, 2014, 3:55 AM UTC

untog wrote: post #5

Hello, downsides of unregulated currency. Some of the rules are there for a reason.

Where we're going, the rules will be written in software

Re: MtGox.com is offline

#44

Post by untog » Tue, Feb 25, 2014, 3:56 AM UTC

dmm wrote: post #37

untog wrote: post #5

Hello, downsides of unregulated currency. Some of the rules are there for a reason.

Businesses fail all the time. Most startups fail. Should we have more startup regulation? Failure is a normal part of the market. What's really scary are the businesses that are never allowed to fail.

Startups tend not to hold vast sums of money on behalf of their customers.

Re: MtGox.com is offline

#45

Post by ars » Tue, Feb 25, 2014, 3:57 AM UTC

dmm wrote: post #37

untog wrote: post #5

Hello, downsides of unregulated currency. Some of the rules are there for a reason.

Businesses fail all the time. Most startups fail. Should we have more startup regulation? Failure is a normal part of the market. What's really scary are the businesses that are never allowed to fail.

> Should we have more startup regulation?

Have you never heard of the SEC? There are all sorts of rules about what kinds of investors are allowed in a startup.

Re: MtGox.com is offline

#46

Post by ars » Tue, Feb 25, 2014, 3:58 AM UTC

agorabinary wrote: post #9

So...now that mt.gox is dead, does this mean mt gox employees are free from any non-disclosure agreements and can talk freely about what the hell happened? Insider info would be greatly appreciated.

The website and the company are not the same thing.

Re: MtGox.com is offline

#47

Post by OedipusRex » Tue, Feb 25, 2014, 3:58 AM UTC

Did I just loose all my coins I had with them?

Re: MtGox.com is offline

#48

Post by llamataboot » Tue, Feb 25, 2014, 3:59 AM UTC

lazyloop wrote: post #38

newbrict wrote: post #32

Why would they pull the site down?

Hide as much information as possible to avoid class action lawsuits?

Seems to make a lawsuit even more likely. Evidence of something to hide?

Re: MtGox.com is offline

#49

Post by eli » Tue, Feb 25, 2014, 4:00 AM UTC

dmm wrote: post #37

untog wrote: post #5

Hello, downsides of unregulated currency. Some of the rules are there for a reason.

Businesses fail all the time. Most startups fail. Should we have more startup regulation? Failure is a normal part of the market. What's really scary are the businesses that are never allowed to fail.

Failure is OK. Your trading platform doesn't work out and you have to return the money to customers. Failure where all your customers' money disappears (to where?) is not OK and should not be allowed.

Re: MtGox.com is offline

#50

Post by dnautics » Tue, Feb 25, 2014, 4:00 AM UTC

untog wrote: post #17

agorabinary wrote: post #7

Earlier quoted context omitted.

Except when the rules result in say, Weimar.

Well, sure. It would be pretty idiotic to suggest that every rule ever thought up was a good idea.

no but there's a pretty bad track record of currency collapse. Diocletian. Confederate States of America. Weimar. Yugoslavia. Argentina. Zimbabwe. Venezuela.

Edit: Looking at my list, I should have listed one for every alphabet Letter, instead of going chronologically.