Of interest would be total funds owed to depositors in relation to reserves.
Even without actual figures or verification, simply stating "We have enough funds on hand to back 100% of all deposits" in some sort of credible format would be a faith promoting claim.
Topic: [ANN] Mt.Gox overview: January 2012 / Transparency - page 3. (Read 7072 times)
Thanks!
You go Gox !
Damn clever move, Gox team! 
Was this a direct result of hazek's hell-raising with CxC? 
Was this a direct result of hazek's hell-raising with CxC? 
Nice to see MtGox taking steps to rectify their issues, hopefully others will follow.
Very, very impressed. +1 to Gox.
Other brokers, take note.
Other brokers, take note.
Did you forget a 0 at page 14 for USD? 383,00 (as in 383 USD) is weird, because it seems too low and I think it is used as a seperator?
Do you intend to manipulate a rally with faulty information?
Do you intend to manipulate a rally with faulty information?
Sorry this is entirely my fault! Anyway this has been fixed.
Cheers
Did you forget a 0 at page 14 for USD? 383,00 (as in 383 USD) is weird, because it seems too low and I think it is used as a seperator?
Do you intend to manipulate a rally with faulty information?
Do you intend to manipulate a rally with faulty information?
Oops, we'll fix this right now, thanks for the report.
Did you forget a 0 at page 14 for USD? 383,00 (as in 383 USD) is weird, because it seems too low and I think it is used as a seperator?
Do you intend to manipulate a rally with faulty information?
Do you intend to manipulate a rally with faulty information?
+1
MtGox seems more professional than I thought.
P.S.: Still, I wish other exchanges would get more love, especially cryptoxchange. Competition is good!
MtGox seems more professional than I thought.
P.S.: Still, I wish other exchanges would get more love, especially cryptoxchange. Competition is good!
Good stuff Mt.Gox, I think that you're doing a great job reestablishing the trust. Would be interesting to know some more details about the company. For example, how many employees are there?
+1 Gox
BTC is conspicuously missing from the deposits and withdrawal stats. Can you add it?
Good call.
Sorry, I guess we forgot some info while putting this document together.
We'll include this information for the next time. Note also that unlike bank operations, bitcoins are handled in realtime and there are many more operations in one month. Also, since people may send bitcoins to themselves, as many times as they want, this data may not be really useful.
BTC is conspicuously missing from the deposits and withdrawal stats. Can you add it?
Nicely done.
One nit pic.
You quoted the monthly Data Centre cost in USD at $5K on page 8.
In Monthly Operating costs you quote in Yen at 5,000,000 on page 16.
Is the Data Centre cost included in the Monthly Operating costs?
I would have thought so, but the currency switch threw me.
One nit pic.
You quoted the monthly Data Centre cost in USD at $5K on page 8.
In Monthly Operating costs you quote in Yen at 5,000,000 on page 16.
Is the Data Centre cost included in the Monthly Operating costs?
I would have thought so, but the currency switch threw me.
Yes you are correct, the monthly $5K of our servers cost is indeed included in the ¥5M Yen.
Nicely done.
One nit pic.
You quoted the monthly Data Centre cost in USD at $5K on page 8.
In Monthly Operating costs you quote in Yen at 5,000,000 on page 16.
Is the Data Centre cost included in the Monthly Operating costs?
I would have thought so, but the currency switch threw me.
One nit pic.
You quoted the monthly Data Centre cost in USD at $5K on page 8.
In Monthly Operating costs you quote in Yen at 5,000,000 on page 16.
Is the Data Centre cost included in the Monthly Operating costs?
I would have thought so, but the currency switch threw me.
+1
Thanks Gox
Thanks Gox
This is really good. Kudos for taking the lead.
EDIT
I just read it and it seems pretty impressive. Especially customer support and the server setup. Good Job!
EDIT
I just read it and it seems pretty impressive. Especially customer support and the server setup. Good Job!
From a security standpoint I would be interested in more information on how, technologically and operationally, you are handling security. The big one (90% of BTC in cold storage) is there, though, and appreciated.
We have planed for this but don't expect an answer by tomorrow ;-). This part is scheduled to be audited for a better accuracy and to make sure that we are true to our words.
How about you guys fix mtgox live, so that more than a bus load of people can use it at the same time and does not crash at the "perfect" time...?
We are planning to update MtGox Live soon, don't worry.
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