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MtGox.com is offline

mtgox.com

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Re: MtGox.com is offline

#291

Post by MildlySerious »

ProAm wrote: post #266
gst wrote: post #221

Earlier quoted context omitted.

People aren't hating Mark Karpeles because he messed up, but because of the completely absurd response to this situation. Optimal response: A message to the customers as soon as the issue is noticed: "Due to a technical problem we lost X amount of Bitcoins, which means we currently can't cover all of the deposits. Trading has been disabled while this issue is investigated. [Some external financial company] is in char…

> People aren't hating Mark Karpeles because he messed up I think they are hating Mark for losing their money, clearly a 'mess up'.

He's being ignorant about it and tries to blame others for the mess MtGox caused. On a speculative note, he'll propably walk out of this with millions in his pockets, while his customers lost tons of cash due to this mess.

Re: MtGox.com is offline

#292

Post by terranstyler »

camus2 wrote: post #21
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.

If i was a Mt Gox employee,I would go into hiding and keep quiet instead of going public, all sort of people have invested into Gox including the kind of people you dont want to mess with.

The kind of people that (unlike mafia or the police) don't need physical proximity to make your life a nightmare...

Re: MtGox.com is offline

#293

Post by coldtea »

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…

>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.

Fraudsters are real human beings too.

As are people who are incometent but go ahead and build stuff risking other people's money and providing false assurances.

Re: MtGox.com is offline

#294

Post by willvarfar »

How do we know that the mgmt hasn't run away with a whole load of coin? They may really have lost a lot; they may really not be able to continue; but how do we know that they lost everything?

Re: MtGox.com is offline

#298

Post by coldtea »

dobbsbob wrote: post #223
panarky wrote: post #115

Earlier quoted context omitted.

There is no fucking way 700,000 BTC disappears with nobody noticing. This must have been building for a long time. Was there never any attempt to compare BTC in wallets to customer balances? Or did MtGox know about this problem, and hope to cover it up over time? Either case is at least gross negligence if not criminal fraud. Yes, we all fuck up at some point. But I don't pretend to be a surgeon and perforate a patie…

Most people who've been around bitcointalk and bitcoin-otc know not to use MtGox since circa 2011 when their stunning incompetence was at it's height. Sadly there were plenty of media shill articles when Btc skyrocketed to $1,000 last year who were promoting them as the "Biggest Bitcoin exchange" without pointing people to relevant bitcointalk threads on what a nightmare that site has been over the years. If you read…

>Most people who've been around bitcointalk and bitcoin-otc know not to use MtGox since circa 2011 when their stunning incompetence was at it's height.

And still, even 2 weeks ago, tons of people defended MtGox in HN threads, and said how it's a temporary glitch and they are very good exchange and such.

Even when it was pointed to them that it's a service build by a guy with no actual knowledge of exchanges and no prior experience at finance services whatsoever -- a mere PHP developer (not to knock the language) that had done nothing spectacular before (no Carmack, or Fitzpatrick or your favorite coder hero).

People trusted their money to a guy that literary calls himself "MagicalTux" -- which to me seems like investing to the hobo on the corner, people call Crazy Bob.

Re: MtGox.com is offline

#299

Post by smellelderberry »

logicchains wrote: post #260
smellelderberry wrote: post #199

Earlier quoted context omitted.

Bailouts.

So instead of the the people who knowingly took a risk in investing in a risky prospect suffering, taxpayers who took no such risks have to foot the bill instead? Great.

No no no, I meant a bailout by Saint Satoshi. He will return on the 13th day after the fall of Gox to reimburse all its users.

Re: MtGox.com is offline

#300

Post by waterlesscloud »

coldtea wrote: post #298
dobbsbob wrote: post #223

Earlier quoted context omitted.

Most people who've been around bitcointalk and bitcoin-otc know not to use MtGox since circa 2011 when their stunning incompetence was at it's height. Sadly there were plenty of media shill articles when Btc skyrocketed to $1,000 last year who were promoting them as the "Biggest Bitcoin exchange" without pointing people to relevant bitcointalk threads on what a nightmare that site has been over the years. If you read…

> Most people who've been around bitcointalk and bitcoin-otc know not to use MtGox since circa 2011 when their stunning incompetence was at it's height. And still, even 2 weeks ago, tons of people defended MtGox in HN threads, and said how it's a temporary glitch and they are very good exchange and such. Even when it was pointed to them that it's a service build by a guy with no actual knowledge of exchanges and no p…

Does this mean we shouldn't trust "coldtea" to develop anything?

I'm the last person to defend Karpeles' competency, but his internet alias has nothing to do with it.

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