It's not Gox's fault that everyone keeps trading with them.
Exactly, use other exchange please
Topic: [ANN Mt.Gox] Resuming Operation: Now what? (Read 2879 times)
Exactly, use other exchange please
god fucking dammmit. This is not me. I have been hacked, any activity that has been logged in the past 8 hoursis a hacker. they asked multiple members for 10+ btc loans because funds were "tied up" in gox. I never have or will use gox.
MT GOX ARE CROOKS
DELAYS MY WITHDRAW! SEND ME MY 20 BITCOINS
DELAYS MY WITHDRAW! SEND ME MY 20 BITCOINS
It's not Gox's fault that everyone keeps trading with them.
I used gox only once in around about 10 months or so and that was due to having a gox code and no other means/methods of accumulation.
I wont send anything finance related through those amatuers, and I hope that everyone decides that this is something the community as a whole cannot tolerate.
We can all come to a consensus within a few hours regarding hard forks, which chain to continue using, which client NEEDS to be in use... and other technical related bitcoin protocol problems that have the power to do much more damage, and we can fix those in no time at all, why can we not fix this?
I wont send anything finance related through those amatuers, and I hope that everyone decides that this is something the community as a whole cannot tolerate.
We can all come to a consensus within a few hours regarding hard forks, which chain to continue using, which client NEEDS to be in use... and other technical related bitcoin protocol problems that have the power to do much more damage, and we can fix those in no time at all, why can we not fix this?
Has your COO been fired yet?
+ fucking 1 would like to hear the answer to this also, although Mt.Gox_Alex is probs just some kid sitting in his basement taking the complete piss, so I dont really think I would believe him if he told us that their COO is on the chopping block
Gox's entire staff of the gifted with special needs should be looking for work. They've done more than enough harm to Bitcoin adoption. Fire them by boycotting their broken exchange.
Has your COO been fired yet?
+ fucking 1 would like to hear the answer to this also, although Mt.Gox_Alex is probs just some kid sitting in his basement taking the complete piss, so I dont really think I would believe him if he told us that their COO is on the chopping block
It is now capable of handling 50 times more of the trades than in the past
Quoted for hilarity.
I wonder if Gox has a share a retard exchange program with BFL. I really think this program could benefit both failed companies.
seems like there up again, these guys remind me of a yo-yo.
You are imagining a level of executive competence that is greater than that of their spokesmonkeys. Given their recent performance and past history, I expect their management is about as incompetent as their PR hires.
When a business is having problems of this magnitude, its principals should be the ones issuing public statements and making promises - not underpaid customer support staff who have no authority to do anything other than regurgitate press releases.
Nobody gives a toss about Alex's opinions on this matter. What people want to hear is what Mark is going to do to fix the problem and when. No-one gives a shit how much you've increased your capacity if it's still not enough. The fact that you can be brought down by legitimate trading makes people worry about the robustness of the rest of your system because right now you've got one hell of a target on your back.
Nobody gives a toss about Alex's opinions on this matter. What people want to hear is what Mark is going to do to fix the problem and when. No-one gives a shit how much you've increased your capacity if it's still not enough. The fact that you can be brought down by legitimate trading makes people worry about the robustness of the rest of your system because right now you've got one hell of a target on your back.
MTGOX IS DOWN AGAIN: NOW WHAT?
I recently visited a HFT shop I was working with in NY. They're a small custom trading house that handles several hundred institutional clients for specilist HFT/algo trading.
5 people. Hundreds of millions. No downtime in four years.
31 people? Half of them are writing press releases and finding excuses.
5 people. Hundreds of millions. No downtime in four years.
31 people? Half of them are writing press releases and finding excuses.
Excuses and more excuses. Meanwhile 10 minutes of lag on your new "50x" scaled system (bullshit).
Has your COO been fired yet?
What am I talking about.... dorm room companies don't have COOs.
Maybe you should consider hiring some people who have done scalable architecture before?
Meanwhile everyone else should consider alternative exchanges and diversify. MTGOX has clearly demonstrated they have no clue, no professionalism, no plan and no operational experience. Their software has clearly reached the limits of scaling and now they're just throwing boxes at the problem (a sure sign of clueless reaction).
Some of the people here actually have a clue about operations and they're calling your BULLSHIT.
Has your COO been fired yet?
What am I talking about.... dorm room companies don't have COOs.
Maybe you should consider hiring some people who have done scalable architecture before?
Meanwhile everyone else should consider alternative exchanges and diversify. MTGOX has clearly demonstrated they have no clue, no professionalism, no plan and no operational experience. Their software has clearly reached the limits of scaling and now they're just throwing boxes at the problem (a sure sign of clueless reaction).
Some of the people here actually have a clue about operations and they're calling your BULLSHIT.
According to another press release they have like 30+ employees in 1 department....then again IDK why if there going to keep screwing up
Mt. Gox future commission structure should be very simple. 0% charged on zero volume as their former customers take their business to an exchange that wants the business.
Have you considered the possibility of changing your commission structure? They way it is currently calculated by percentages is not typical of trading exchanges, at least not in the United States. To help provide liquidity, you should charge a flat-rate commission fee. Then people don't have to think about percentages, and can factor in a flat fee to their trading strategies.
As an exchange you should benefit from people trading, as opposed to just the price of Bitcoins going up. That's what your commission structure looks like now. You are making it appear that you just have a vested interest in Bitcoins just going up, up, up.
As an exchange you should benefit from people trading, as opposed to just the price of Bitcoins going up. That's what your commission structure looks like now. You are making it appear that you just have a vested interest in Bitcoins just going up, up, up.
SO you are waving all trading fees for the next 48 hours yet your site is down. So how does that benefit anyone? You guys have the largest volume of trades per day and make the most money doing it. YOu have no excuse on why you could not scale up your system to account for all the new users and interest. These types of bullshit excuses will only net you less volume.
June 2011 your volume was 80% of total
April 2013 your volume is about 50% of total
My prediction is by August 2013 your total volume will be 33% at best.
Incompetence nets you less profit.
June 2011 your volume was 80% of total
April 2013 your volume is about 50% of total
My prediction is by August 2013 your total volume will be 33% at best.
Incompetence nets you less profit.
"It is now capable of handling 50 times more of the trades than in the past"
Jump to: