61–70 of 181 posts
Personally, I put my coins in BTC-e, Virtuex, and CoinBase (and thank god I did). Even though BTC-e and Virtuex seemed fairly sketchy they still allowed me to withdrawal my coins with no issue.
CONSPIRACY THEORY TIME. What if Mt. Gox didn't really lose a post-Panamax boatload of Bitcoin (just a small amount)? They're just manufacturing a panic so they can buy Bitcoins at fire-sale prices, declare "We have all the BitCoin we need after all, we fixed our bug, everything's fiiiine" and maybe even turn a cash profit on the upside?
They also mentioned buying back at low prices in one of those leaked documents. What I don't understand is why people would continue selling at any reasonable volumes at firesale prices when other exchanges are doing "fine" (Bitstamp down ~25% vs 2 months ago). Unless I misunderstand it, the malleability bug won't prevent sending btc to other wallets. Is mtgox going to block their users from sending btc and only allo…
Earlier quoted context omitted.
If there was any evidence of that they'd go to jail for a long time - even if bitcoin is not directly regulated, I'm sure there are still some anti-fraud regulations that would kick in...
Yeah, regulated or not, that would almost certainly qualify as wire fraud, at the very least.
www.gox.com is now redirecting to mtgox.com. For an organisation which is insolvent they must have invested a fairly significant sum on a 3 letter .com domain. This happened yesterday! What's going on here?
I'm one of those who lost a good amount on MtGox. It wasn't in there because I thought they are a bank, I put it there because I like to speculate from time to time. As such I was prepared to lose most if not all of it anyway. I didn't expect things to go wrong so thoroughly, but still that was the premise of my deposits there. So from that perspective, I'm not really mad about them losing the money. It's unfortunate…
They were the market leader, with substantial revenue and lots of cash flow.
Why they didn't prioritize hiring some people and securing their platform is still beyond my understanding. It's up there with the $100+ billion in cash Apple is evidently not using to hire enough code reviewers or implement adequate security processes for their most important and sensitive code that supports their entire (massively profitable) business.
I really wonder where people's priorities are. They're not total morons; it must be an interesting reason why these circumstances happen. It's not hard to solve these problems with money - so there has to be a neat (if utterly dysfunctional) story behind it.
Seriously, guys. Spend $20 on a flu shot for your golden goose.
Earlier quoted context omitted.
They also mentioned buying back at low prices in one of those leaked documents. What I don't understand is why people would continue selling at any reasonable volumes at firesale prices when other exchanges are doing "fine" (Bitstamp down ~25% vs 2 months ago). Unless I misunderstand it, the malleability bug won't prevent sending btc to other wallets. Is mtgox going to block their users from sending btc and only allo…
Presumably when Mt Gox's bank accounts get seized, whatever money in them will be used to pay off accounts with real currency balances. The people holding bitcoins will get nothing.
I would not like to be in the shoes of mtgox CEO... He lost about 400M USD, some of them probably belonging to shady peoples (drug dealer, mobs, etc.)
Given their physical office location I wonder if any Yakuza have(had) any BTC in MtGOX. That could get interesting.
Are you kidding me? This message is likely worse than staying silent.
Silent would be worse. At least we know that the site is deliberately disabled by its owners, as opposed to a host of other hypotheticals we'd be discussing otherwise.
I'm one of those who lost a good amount on MtGox. It wasn't in there because I thought they are a bank, I put it there because I like to speculate from time to time. As such I was prepared to lose most if not all of it anyway. I didn't expect things to go wrong so thoroughly, but still that was the premise of my deposits there. So from that perspective, I'm not really mad about them losing the money. It's unfortunate…
> or at the very least they don't give a crap about anything at all They were the market leader, with substantial revenue and lots of cash flow. Why they didn't prioritize hiring some people and securing their platform is still beyond my understanding. It's up there with the $100+ billion in cash Apple is evidently not using to hire enough code reviewers or implement adequate security processes for their most importa…
I imagine there's also a bit of outsider-preference going on here. There's no lack of people who could have been hired to implement controls and audits that would have easily caught a slow leak of coins, but they're part of the Obsolete Fiat Economy and thus irrelevant. "Dunning-Krugerrands", indeed.