Topic: Gox' Class action? [NOTE GOX STOPPED TRADING MOMENTS AFTER THIS WAS POSTED] - page 3. (Read 4217 times)

This is a different issue the issue at hand is when an exchange holds themselves out as being Mr. 80% and is running on two mac mini's

+1.

Can I ask a stupid question? (I guess I will): How fast can all the big major bitcoin whales get together, put up a strategy to create and open a BRAND NEW exchange with a structure to scale all the way up to NASDAQ-like backbones if needed?

Put your money where your mouth is pay a team of MIT-skilled programmers that are so smart they are into nuclear fusion as a hobby THEN you will see things to move better with more confidence.

EVEN If you are only in for the quick bucks, think about it: who is more at risk to lose 50% of its bitcoins fortunes with amateurs?

All over the forum/irc people complain about lags now mtgox is upgrading their database and you wanna sue them? 

MTGOX (Magic The Gathering Online Exchange) has gotten waaaaay too big for its britches.

no BTC, collectively needs strike out at belligerents. like Gox' to make others think long and hard about thier opperations, and its not just Gox, Vircurex, after doing a capital raise, just toppled over for days locking every ones funds up.

It's one thing to have a "crash" it's another to have be unable to trade during it or at either end.

First time Bitcoin crash due to the stolen of one MT account.The BTC price backs to 0.01$ and dejected in the next TWO years.
Today, price backs to 74$( btc -e ), what shall we say? It thanks to MT? or the bubble broked??
I think it's the time we drop MT and get away from him.

A class action is a cheap way more many people to bring home to [large] corporations there will be consequences to your profits, even though the people in the class action may on see much, its acts a a deterant against such behavior by other exchanges.

It is a market mechanism of discipline.

Gox, has arbitraged their lack of spending and planning for your losses, into their profits

and 1BTC from a thousands of people is a powerful force.....maybe just the good news BTC needs....BTC defending BTC from shoddy practice

+1

I've pulled every single coin from gox. That statement is a child's response to a man's problem. They need to hire some proper programmers, expert financial traders, and get a management team. It's pretty fucking stupid to have the entire market crash when gox goes down. They've been dealing with +10 minute lag (the lag yesterday was over an hour) for so long, i refuse to believe it's not on purpose.

You want to waste your bitcoin on a class action lawsuit? Even if you win, I doubt you get much more than a token 0.01 BTC.

I LULZ.

All the big bitcoin accounts should start voting with their coins and spread them to other exchanges. There is no need for Mt.Gox client to feel happy like a beaten wife every time. I mean you would not do this if it was your fiat money using some tools like E trade or something else that would be responsible for crashing down the whole market...

DDoS attack I would "understand" the excuse.

*MOD just kicked us off the front page....looks like they did not like where this was going
[Note see EDIT 1]

I do not like the way Gox make their excuses which is basically


Gox know full well that adding 20K or whatever accounts a day is going to cause an issue, without scaling, they know and in-fact claim of their front page they hand 80% of BTC transaction.

Gox is so worried about market share rather than slow things down and do it right they keep holding out everything is ok and thus all suffer.

Gox's of this world cannot burn it both ends....and must realize their duty of care and what is or is not reasonably foreseeable.


https://mtgox.com/press_release_20130411.html

is more or less an admission of guilt while being smug..."ho ho" were so great we screwed over our own system, which we made and knew was under stress...

Look forwards to your views.

I for one thing that we collectively can and must send a clear message that BTC is not to be FU__D with.


[EDIT 1]

Gox now has come out with it all a bit to late and with a pitiful "no" trading fee's for 48 hours compensation. That's small compensation to people who have missed out on trading already


and this is not for a market to cool down but because their trading engine is broken

[EDIT 2] Lets get this together then, and engage some US council, any recommendations? also we need an escrow for donations and an address who's a trusted escrow around here? I know anon136 does some escrow