MtGox.com is offline

Post by ck2 » Tue, Feb 25, 2014, 1:19 PM UTC

panarky wrote: post #115

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…

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…

Post by pekru » Tue, Feb 25, 2014, 1:23 PM UTC

kyrra wrote: post #105

citricsquid wrote: post #90

Earlier quoted context omitted.

A couple of years ago a server management application called HyperVM had a 0day due to some questionable programming, hundreds of thousands of websites were lost along with a lot of money... the next day the creator took his own life. A lot of people are going to be in a very bad position right now (both customers and people inside mtgox), let's hope it doesn't come to that.

According to this[0] the HyperVM guy may have had a family history of suicide. [0] http://www.itwire.com/business-it-news/security/25559-hyperv...

Post by exDM69 » Tue, Feb 25, 2014, 1:24 PM UTC

lectrick wrote: post #386

haberman wrote: post #96

Earlier quoted context omitted.

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.

Post by jafaku » Tue, Feb 25, 2014, 1:32 PM UTC

lmm wrote: post #337

AJ007 wrote: post #154

Earlier quoted context omitted.

1) A "bank run" on an exchange should be a non event because all exchanges should have the money they claim to have. 2) I'm skeptical of any exchange I don't know a lot about 3) Is there another cryptocurrency that offers significant additional features over BTC? Right now I don't see it. In the future there is certain to be. Tomorrow Mt Gox's failure should hit the mainstream press. There should be very harsh covera…

> 3) Is there another cryptocurrency that offers significant additional features over BTC? Right now I don't see it. In the future there is certain to be. I think doge offers more future liquidity (because they're allowing inflation) and a more user-friendly community. Is that enough to matter? I don't know.

Post by MrBuddyCasino » Tue, Feb 25, 2014, 1:39 PM UTC

wpietri wrote: post #264

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…

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.

    What did I create a ssh server for? The same thing I created a DNS server for fun and for KalyHost.