Topic: Breaking: MtGox Now Testing Bitcoin Withdrawals (Read 10916 times)
Looks like I lost my 0.68 coins... I can live with my gamble epic fail (ok not epic - it was £100) but I do feel sorry for those who had thousands/tens of thousands tied up in gox - I hope they see some of it back when the bankruptcy dust has settled...
Oh, I'm quite certain he's perfected withdrawals 
Mark did not lie on the Gov form since the time in which the form was filled has to be taken into consideration, the form was filled at a time in which Bitcoin was free for government regulation, and Bitcoin was at phase 1, that is it was being ignored by Banks, and regulators, as such Mark did not like, later on 2013 the law changed, and it was applied retroactively (applying any law retroactively should be ilegal) and then about 5 million of US dollars were confiscated.
This is a witch hunt against exchanges, then an attack on CEO Bitstant Charlie Shrem on money laundering charge on 1 million USD with full force of the law was applied, when HSBC for several hundreds of Billions was not even touched.
I am almost sure certain Charlie is innocent and even though he has not been convicted on any crime, he was force to renounce to the Bitcoin Foundation, I think that attitude is wrong he should at the very least given the chance to prove himself in court for the charge he was accused.
In regards to Mark he is also victim on a witch hunt by the US government in regards the confiscation of the 5 million dollars.
However Mark has had bad business practices from much before the attack by the US government, one of the first cases I remember was when they first started mtgox was an anonymous exchanged, and then early on to be compliant with kyc laws and regulations without any warning to their customers they would not release funds if you need not identify with several documents process which was fairly slow, and only after identifying yourself the fund would be released, this happened sometime in 2012, a decent thing to do at the time would be for their anonymous client to opt get and withdraw their funds. Since that occasion I wondered what happened to the truly anonymous account that could not be identified. Did they have their funds confiscated ? probably.
Some people are asking for more regulation, when regulation is not the answer.
Most of Mtgox problems starting with the regulators, first the enforcement of kyc rules causing problems with withdraws, then Mutum Milleguium shutdown by government, then Dwolla got scared of government regulations and blocked all Bitcoin transactions, so clearly regulators have cause lots of problems and damage to the Bitcoin community.
Anyway Mtgox was good during the early years, it is time to move on, and use more credible exchanges, and a lesson to be learned never store your money at an exchange, I over the years have had losses do to exchanges, but I am now much more careful.
Let do not forget.
1. first bitcoin gets ignored. 2009-2010
2. then they laugh at Bitcoin. 2011-2012
3. Then they attack. 2013-2014 ?
4. then we win, at phase 4 expect to see Bitcoin over 10k, possibly by 2015.
going back to exchanges what we really need to do, is make Bitcoin more anonymous, do not press for more regulation, if Bitcoin is to play at a fair playing more laws are not needed, same laws that apply for Dollar should apply for Bitcoin, but we do not need laws that only apply for Bitcoin and not the Dollar, and we really need p2p exchanges, it should be simply to implement this among p2p currencies, it gets more complicated when introducing fiat.
And finally do not go against the spirit of Satoshi.
This is a witch hunt against exchanges, then an attack on CEO Bitstant Charlie Shrem on money laundering charge on 1 million USD with full force of the law was applied, when HSBC for several hundreds of Billions was not even touched.
I am almost sure certain Charlie is innocent and even though he has not been convicted on any crime, he was force to renounce to the Bitcoin Foundation, I think that attitude is wrong he should at the very least given the chance to prove himself in court for the charge he was accused.
In regards to Mark he is also victim on a witch hunt by the US government in regards the confiscation of the 5 million dollars.
However Mark has had bad business practices from much before the attack by the US government, one of the first cases I remember was when they first started mtgox was an anonymous exchanged, and then early on to be compliant with kyc laws and regulations without any warning to their customers they would not release funds if you need not identify with several documents process which was fairly slow, and only after identifying yourself the fund would be released, this happened sometime in 2012, a decent thing to do at the time would be for their anonymous client to opt get and withdraw their funds. Since that occasion I wondered what happened to the truly anonymous account that could not be identified. Did they have their funds confiscated ? probably.
Some people are asking for more regulation, when regulation is not the answer.
Most of Mtgox problems starting with the regulators, first the enforcement of kyc rules causing problems with withdraws, then Mutum Milleguium shutdown by government, then Dwolla got scared of government regulations and blocked all Bitcoin transactions, so clearly regulators have cause lots of problems and damage to the Bitcoin community.
Anyway Mtgox was good during the early years, it is time to move on, and use more credible exchanges, and a lesson to be learned never store your money at an exchange, I over the years have had losses do to exchanges, but I am now much more careful.
Let do not forget.
1. first bitcoin gets ignored. 2009-2010
2. then they laugh at Bitcoin. 2011-2012
3. Then they attack. 2013-2014 ?
4. then we win, at phase 4 expect to see Bitcoin over 10k, possibly by 2015.
going back to exchanges what we really need to do, is make Bitcoin more anonymous, do not press for more regulation, if Bitcoin is to play at a fair playing more laws are not needed, same laws that apply for Dollar should apply for Bitcoin, but we do not need laws that only apply for Bitcoin and not the Dollar, and we really need p2p exchanges, it should be simply to implement this among p2p currencies, it gets more complicated when introducing fiat.
And finally do not go against the spirit of Satoshi.
+1
After the 8+ hour wait for my okpay fiat funds to reach gox, I managed to buy 0.68 coins for 100 UKP. Now I'll wait and see...
Shame you weren't able to get your funds in sooner... Good luck and may Satoshi be with you.
All these test withdrawals are either invalid or not confirmed
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
Thats my finding as well. Nothing is being processed.
The reason they are not confirming is because there is no fee and so the transaction is only medium priority. This is probable because they are just testing and not as a result of a technical problem.
[update]
After the 8+ hour wait for my okpay fiat funds to reach gox, I managed to buy 0.68 coins for 100 UKP. Now I'll wait and see...
confirmed^
All these test withdrawals are either invalid or not confirmed
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
Thats my finding as well. Nothing is being processed.
The reason they are not confirming is because there is no fee and so the transaction is only medium priority. This is probable because they are just testing and not as a result of a technical problem.
All these test withdrawals are either invalid or not confirmed
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
Thats my finding as well. Nothing is being processed.
Mark did not lie on the Gov form since the time in which the form was filled has to be taken into consideration, the form was filled at a time in which Bitcoin was free for government regulation, and Bitcoin was at phase 1, that is it was being ignored by Banks, and regulators, as such Mark did not like, later on 2013 the law changed, and it was applied retroactively (applying any law retroactively should be ilegal) and then about 5 million of US dollars were confiscated.
This is a witch hunt against exchanges, then an attack on CEO Bitstant Charlie Shrem on money laundering charge on 1 million USD with full force of the law was applied, when HSBC for several hundreds of Billions was not even touched.
I am almost sure certain Charlie is innocent and even though he has not been convicted on any crime, he was force to renounce to the Bitcoin Foundation, I think that attitude is wrong he should at the very least given the chance to prove himself in court for the charge he was accused.
In regards to Mark he is also victim on a witch hunt by the US government in regards the confiscation of the 5 million dollars.
However Mark has had bad business practices from much before the attack by the US government, one of the first cases I remember was when they first started mtgox was an anonymous exchanged, and then early on to be compliant with kyc laws and regulations without any warning to their customers they would not release funds if you need not identify with several documents process which was fairly slow, and only after identifying yourself the fund would be released, this happened sometime in 2012, a decent thing to do at the time would be for their anonymous client to opt get and withdraw their funds. Since that occasion I wondered what happened to the truly anonymous account that could not be identified. Did they have their funds confiscated ? probably.
Some people are asking for more regulation, when regulation is not the answer.
Most of Mtgox problems starting with the regulators, first the enforcement of kyc rules causing problems with withdraws, then Mutum Milleguium shutdown by government, then Dwolla got scared of government regulations and blocked all Bitcoin transactions, so clearly regulators have cause lots of problems and damage to the Bitcoin community.
Anyway Mtgox was good during the early years, it is time to move on, and use more credible exchanges, and a lesson to be learned never store your money at an exchange, I over the years have had losses do to exchanges, but I am now much more careful.
Let do not forget.
1. first bitcoin gets ignored. 2009-2010
2. then they laugh at Bitcoin. 2011-2012
3. Then they attack. 2013-2014 ?
4. then we win, at phase 4 expect to see Bitcoin over 10k, possibly by 2015.
going back to exchanges what we really need to do, is make Bitcoin more anonymous, do not press for more regulation, if Bitcoin is to play at a fair playing more laws are not needed, same laws that apply for Dollar should apply for Bitcoin, but we do not need laws that only apply for Bitcoin and not the Dollar, and we really need p2p exchanges, it should be simply to implement this among p2p currencies, it gets more complicated when introducing fiat.
And finally do not go against the spirit of Satoshi.
This is a witch hunt against exchanges, then an attack on CEO Bitstant Charlie Shrem on money laundering charge on 1 million USD with full force of the law was applied, when HSBC for several hundreds of Billions was not even touched.
I am almost sure certain Charlie is innocent and even though he has not been convicted on any crime, he was force to renounce to the Bitcoin Foundation, I think that attitude is wrong he should at the very least given the chance to prove himself in court for the charge he was accused.
In regards to Mark he is also victim on a witch hunt by the US government in regards the confiscation of the 5 million dollars.
However Mark has had bad business practices from much before the attack by the US government, one of the first cases I remember was when they first started mtgox was an anonymous exchanged, and then early on to be compliant with kyc laws and regulations without any warning to their customers they would not release funds if you need not identify with several documents process which was fairly slow, and only after identifying yourself the fund would be released, this happened sometime in 2012, a decent thing to do at the time would be for their anonymous client to opt get and withdraw their funds. Since that occasion I wondered what happened to the truly anonymous account that could not be identified. Did they have their funds confiscated ? probably.
Some people are asking for more regulation, when regulation is not the answer.
Most of Mtgox problems starting with the regulators, first the enforcement of kyc rules causing problems with withdraws, then Mutum Milleguium shutdown by government, then Dwolla got scared of government regulations and blocked all Bitcoin transactions, so clearly regulators have cause lots of problems and damage to the Bitcoin community.
Anyway Mtgox was good during the early years, it is time to move on, and use more credible exchanges, and a lesson to be learned never store your money at an exchange, I over the years have had losses do to exchanges, but I am now much more careful.
Let do not forget.
1. first bitcoin gets ignored. 2009-2010
2. then they laugh at Bitcoin. 2011-2012
3. Then they attack. 2013-2014 ?
4. then we win, at phase 4 expect to see Bitcoin over 10k, possibly by 2015.
going back to exchanges what we really need to do, is make Bitcoin more anonymous, do not press for more regulation, if Bitcoin is to play at a fair playing more laws are not needed, same laws that apply for Dollar should apply for Bitcoin, but we do not need laws that only apply for Bitcoin and not the Dollar, and we really need p2p exchanges, it should be simply to implement this among p2p currencies, it gets more complicated when introducing fiat.
And finally do not go against the spirit of Satoshi.
All these test withdrawals are either invalid or not confirmed
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
https://data.mtgox.com/api/0/bitcoin_tx.php
https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8
I think that a sign for the worst is yet to come
If they had any honesty about them...
Mark was caught with lies on a Gov form, the Feds confiscated millions of USD (last year) and now you expect him to be honest?
BTC @ 300$ on mtgox and 600$+ on others, good news !
Gox earned a ton of money by manipulating the market. 
BTC @ 300$ on mtgox and 600$+ on others, good news !
The only reason anyone should care if other people want to send money to MtGox is that it will allow them to operate a ponzi for longer if that's what they're actually doing now.
If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent. That's going to have a far more immediate and greater impact on their operations than encouraging people to either boycott them or support them. Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.
If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent. That's going to have a far more immediate and greater impact on their operations than encouraging people to either boycott them or support them. Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.
Hey repentance, have you involved yourself in bitcoin for greed or are you speculating?
I have made many gambles in my efforts to mine bitcoin such as joining group buys (and wondering if my miners will ever turn up). I've made enough profit to 'speculate' my 100 UKP and I'm willing to lose it (hoping I wont). I'm clearly not the only one as the gox price is jumping up fast. I don't care about the politics of gox and how people are so 'aggrieved at the abuse of bitcoin' shown by them. I see an opportunity, I can afford the gamble. I'm not greedy, in fact I'm quite a generous human...
The only reason anyone should care if other people want to send money to MtGox is that it will allow them to operate a ponzi for longer if that's what they're actually doing now.
Not true, some of us think all this insolvency talk is just FUD.
If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent.
We will find out soon enough.
Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.
Anyone selling at gox at theses prices are going to feel cheated when the price goes back up again.
The only reason anyone should care if other people want to send money to MtGox is that it will allow them to operate a ponzi for longer if that's what they're actually doing now.
If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent. That's going to have a far more immediate and greater impact on their operations than encouraging people to either boycott them or support them. Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.
If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent. That's going to have a far more immediate and greater impact on their operations than encouraging people to either boycott them or support them. Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.
Bull shit.
Nice use of the English language.
[edit] It's my hundred quid - not asking you for anything...
[edit2] and bullshit is all one word my friend...
Bitcoins tend to flow from weak hands to strong, and you sir, have balls.
Like my mum always taught me Yogi, you've got to be in it to win it
Bull shit.
Nice use of the English language.
[edit] It's my hundred quid - not asking you for anything...
[edit2] and bullshit is all one word my friend...
Bitcoins tend to flow from weak hands to strong, and you sir, have balls.
Bull shit.
Nice use of the English language.
[edit] It's my hundred quid - not asking you for anything...
[edit2] and bullshit is all one word my friend...
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