OP, let us use a boat analogy.
1: Satoshi described the concept of floatation, said "here is boat: should float"
2: Many boats launched and forklaunched, now blockchain = boat
3: vast armada of boats = ports and casinos/drugs/hookers will serve sailors
4: Tortuga Inc opens franchises worldwide
Well, so, even if the world is doing whatever, YOU as the carpenter of a ship, a boat, must still sound your ship. Gox, didn't do so, just as any dipshit investor who funds a dipshit captain who drinks rum and hath no money to pay for a carpenter, will lose ship. You have to pay for carpenters, shipwrights, to make sure the fucking thing can displace water and carry humans or whatever the fuck you are selling on the ocean.
So, the ship of Gox, with poor carpenters, may try to re float, pump water, etc. But, fleets move on trees and carpenters, in terms of y olden days, which cryptocoin is now experiencing 'ye olden cryptotimes' in terms of the analogy.
So, each blockchain of all coins, is a ship. Floatation is as Satoshi said. All else is woodworking and water seepage.
Topic: Community oversight of disaster recovery (Read 581 times)
Best thing "Gox" could do at this moment...
I think the best thing Gox can do at the moment is to just go away. The quicker it goes the quicker Bitcoin can move on and hopefully climb back.
+1
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
Best thing "Gox" could do at this moment...
I think the best thing Gox can do at the moment is to just go away. The quicker it goes the quicker Bitcoin can move on and hopefully climb back.
Best thing "Gox" could do at this moment, short of rewinding time and not farking things up, would be to invite unbiased observers in to watch the recovery process and report to the community. Saying they're going to be "closely monitoring the situation" (see http://www.mtgox.com) is not appropriate. They are at the center, and need to be taking action, not reacting. And if they're serious about protecting users (and ostensibly the bitcoin community), they should welcome oversight.
This would be similar to international observation of the nuclear power industry. If you're connected to that at all, you know what I mean. Stand in front of a security camera in the US, and someone from Vienna is on the phone within a couple minutes to get you to move.
I recommend below that we nominate 3 individuals, at least two of whom are not connected to the bitcoin foundation, to be paid by the bitcoin foundation to travel to MtGox HQ to observe and report. If MtGox agrees, that alone will be a big sign of earnestness in their attempt to resolve the problem. If they disagree, that will be a strong sign of shady intent (as if we need any more!).
This would be similar to international observation of the nuclear power industry. If you're connected to that at all, you know what I mean. Stand in front of a security camera in the US, and someone from Vienna is on the phone within a couple minutes to get you to move.
I recommend below that we nominate 3 individuals, at least two of whom are not connected to the bitcoin foundation, to be paid by the bitcoin foundation to travel to MtGox HQ to observe and report. If MtGox agrees, that alone will be a big sign of earnestness in their attempt to resolve the problem. If they disagree, that will be a strong sign of shady intent (as if we need any more!).
Jump to: