81–90 of 181 posts
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…
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…
It's hard not to conclude that they outright lied. First it was malleability, then it was "we're waiting on bitcoin developers," then it was "we've moved due to protesters and security problems," and now it's "we've closed our site due to recent news reports."
I wonder when precisely they realized that >700,000btc were missing.
And it doesn't seem to have been proofread very well. "In the event of [something that has already happened]..."? I don't consider myself a particularly picky person, but come on, you could at least make the effort at a time like this.
Panic doesn't lend itself to careful writing.
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.)
Well that's what people say, yet I haven't seen lots of executives in large companies where scandals have occurred suddenly getting randomly killed by hitmen in the streets. And Madoff's still alive, too.
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…
So I have n bitcoins and $x in MtGox; will I get this back? Will there be a haircut? Is MtGox winding down? So many questions...
I didn't have bitcoins in the system, but I did have a couple hundred dollars. Completely negligible amount and it doesn't really affect me to lose it, but it would be convenient to get it back.
Earlier quoted context omitted.
> 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…
> Apple is evidently not using to hire enough code reviewers It's naive to think that the more people you throw at the problem, the less bugs there will be. See also: The Mythical Man-Month.
The intel agencies (both the ones where Apple lives, and all the other ones too) are black box testing this stuff, every single point release, automatically - you can be sure. Why Apple isn't is confusing. They wouldn't even have to be on the team or in the building with the development efforts themselves.
There's something we're missing here.
The current message means absolutely nothing: "Dear MtGox Customers, In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly. Best regards, MtGox Team"
Sounds very passive. "Closely monitoring"? "React accordingly"? As if they were not the ones running the site.
> We will be closely monitoring the situation and will react accordingly.
As if they're just sitting back, staring at their screen, waiting to see what will happen. Passively.
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…
...
... I shrunk it.
When has the passive voice ever actually worked to calm a lynch mob?
It reminds me of something out of Heinlein's Friday.