Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

MtGox.com is offline

mtgox.com

Post reply on HN
Print view View original

381–390 of 553 posts

Re: MtGox.com is offline

#381

Post by outworlder »

dspillett wrote: post #354
wpietri wrote: post #264

Earlier quoted context omitted.

I clicked through and thought you were being too harsh. I mean, it can be fun to make toy implementations of things as an exercise. Doing an SSH server in PHP would be entertaining if you liked PHP. You'd learn something. And then I read that his hacked-together-in-3-days ssh server was for use in production. In a hosting service. Wow. Just wow.

> And then I read that his hacked-together-in-3-days ssh server was for use in production. In a hosting service. That sounds like a brilliant technical guy, capable of running with a daft idea to completion (unlike me, with my collection of at-best-half-built personal projects), who should have some layers of protection between him and Real World Production...

That reminds me:

"Now, people who Get Things Done but are not Smart will do stupid things, seemingly without thinking about them, and somebody else will have to come clean up their mess later. "

http://www.joelonsoftware.com/articles/fog0000000073.html

Re: MtGox.com is offline

#382

Post by pjan »

I do believe Mark Karpelès' LinkedIn Summary is due for an update:

"... I have a long experience in company creation, and experienced almost any imaginable kind of trouble. Now is the time to create something that will be solid enough to handle any situation, anytime."

Re: MtGox.com is offline

#383

Post by terranstyler »

Crito wrote: post #365
terranstyler wrote: post #295

You guys have any idea on how to proceed if you (allegedly) have a few BTC and USD there? Yeah yeah I know, I read HN often but obviously I missed the "Stay away from Gox" posts :(

Contact a lawyer that knows something about Japan maybe? I'd say you are fucked.

I agree with your take on the situation ;)

Thing is that a lawyer might be throwing good money after bad, it's just ~3k and who knows, maybe the fiat claims (~50% of the 3k) are worth something (though I doubt it).

Re: MtGox.com is offline

#384

Post by jbrechtel »

chii wrote: post #379
wpietri wrote: post #264

Earlier quoted context omitted.

I clicked through and thought you were being too harsh. I mean, it can be fun to make toy implementations of things as an exercise. Doing an SSH server in PHP would be entertaining if you liked PHP. You'd learn something. And then I read that his hacked-together-in-3-days ssh server was for use in production. In a hosting service. Wow. Just wow.

well, is it better to have a hacked MVP released in production, or spend forever making it and never actually releasing it and then missing the window?

Depends on what the product itself is and from which perspective you're asking the question. At any rate, those are almost never the only two choices...

Re: MtGox.com is offline

#385

Post by mrcwinn »

chii wrote: post #379
wpietri wrote: post #264

Earlier quoted context omitted.

I clicked through and thought you were being too harsh. I mean, it can be fun to make toy implementations of things as an exercise. Doing an SSH server in PHP would be entertaining if you liked PHP. You'd learn something. And then I read that his hacked-together-in-3-days ssh server was for use in production. In a hosting service. Wow. Just wow.

well, is it better to have a hacked MVP released in production, or spend forever making it and never actually releasing it and then missing the window?

I can tell you absolutely, without question, that when it comes to security and people's funds, there is nothing courageous about a hacked MVP in production. There's a difference between someone's to-do app one weekend, and this case. If you are handling people's money directly or indirectly, you need to care about that and take it seriously. Or don't ship.

Re: MtGox.com is offline

#386

Post by lectrick »

haberman wrote: post #96
blhack wrote: post #68

It's really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt. -- MtGox was (past tense is probably appropriate here, but for the sake of anybody who had coins there, I hope not) a startup that failed spectacularly , and publicly, and took a TON of peoples' money with it. The transacti…

Yes, if I have any schadenfreude here it's not for him. It's for all of the people who smugly told us for years that Bitcoin is superior to our "legacy" fiat managed and regulated monetary system system in every way, and anyone who can't see that is an idiot.

Equating MtGox with Bitcoin is like equating NASDAQ with the US Dollar.

Re: MtGox.com is offline

#389

Post by swalsh »

saalweachter wrote: post #377
Lerc wrote: post #121

Earlier quoted context omitted.

And even now, that is not a valid criticism. There are many successful businesses who have started in fields only tangentially related to their final form. There will undoubtedly be many postmortems on what happened, but card trading will have very little impact on what happened.

I really, really think this is a Silicon Valley bias. You all have had pivot! pivot! pivot! Nokia used to make tires! drilled into your heads to the point that the very idea of questioning whether a team is up to a challenge has been driven out.

"questioning whether a team is up to a challenge has been driven out."

Of course, I assume you personally are up to ANY challenge, but its other people who need not try... they're the ones not talented enough.

Re: MtGox.com is offline

#390

Post by khafra »

chii wrote: post #379
wpietri wrote: post #264

Earlier quoted context omitted.

I clicked through and thought you were being too harsh. I mean, it can be fun to make toy implementations of things as an exercise. Doing an SSH server in PHP would be entertaining if you liked PHP. You'd learn something. And then I read that his hacked-together-in-3-days ssh server was for use in production. In a hosting service. Wow. Just wow.

well, is it better to have a hacked MVP released in production, or spend forever making it and never actually releasing it and then missing the window?

The problem is less with a minimum viable product, and more with a far-from-viable product, in ways that aren't immediately obvious. The security FFVP is especially dangerous.
Post reply on HN