Author

Topic: I'm Feeling Sorry for Mt. Gox (Read 2213 times)

sr. member
Activity: 448
Merit: 250
October 17, 2013, 04:44:56 PM
#17
No need to feel sorry for a company that has made millions.

I highly doubt they made much more than a normal person who had simply invested an equivalent amount into bitcoins.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
October 17, 2013, 01:07:29 PM
#16
No need to feel sorry for a company that has made millions.
Most of their profit has either been seized by DHS (5.1 million USD) or stolen by Peter Vessenes (5.3 million USD).  Peter Vessenes stole user deposits, but MtGox has credited their users in full and are trying to get their money back from Peter Vessenes.
sr. member
Activity: 308
Merit: 250
October 17, 2013, 12:54:12 PM
#15
No need to feel sorry for a company that has made millions.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
October 17, 2013, 12:49:52 PM
#14
I heard that they are at least processing all non-USD withdraws.
Correct.  I received an EUR withdrawal today.  Smiley
How long did you wait for it? Tongue
Almost 5 weeks.
legendary
Activity: 1358
Merit: 1002
October 17, 2013, 10:47:12 AM
#13
They need to sort their withdrawals out.
I heard that they are at least processing all non-USD withdraws.
Correct.  I received an EUR withdrawal today.  Smiley

How long did you wait for it? Tongue
sr. member
Activity: 392
Merit: 250
October 17, 2013, 10:43:29 AM
#12
They need to sort their withdrawals out.

It will be fixed soon.
Soon = in the future (indetermined)
sr. member
Activity: 448
Merit: 250
October 17, 2013, 09:48:53 AM
#11
They need to sort their withdrawals out.
I heard that they are at least processing all non-USD withdraws.
Correct.  I received an EUR withdrawal today.  Smiley

Exactly. Considering even US banks aren't allowing you to wire USD internationally, I'm tempted to blame the problem more on the USD itself than gox.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
October 17, 2013, 02:46:39 AM
#10
They need to sort their withdrawals out.
I heard that they are at least processing all non-USD withdraws.
Correct.  I received an EUR withdrawal today.  Smiley
hero member
Activity: 756
Merit: 522
October 16, 2013, 12:41:06 PM
#9
It feels like they're the Internet Explorer of Bitcoin or something. I get that nobody thinks they're "smooth enough" compared to other exchanges, but whether you like it or not, without Gox, we wouldn't be where we are today. I know as of now its "cool" to hate on Gox, but I think that there is a large chance that they'll eventually do something to make a big boom in the industry again. Don't write the mountain of the map just yet.

Just my 2uBTC.

Listen, empathy for suffering things is fine. Encouragement of bullshit is not.

Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.
sr. member
Activity: 448
Merit: 250
October 15, 2013, 11:18:38 PM
#8
why do you guys use gox or even talk about it?

when you get robbed i will not cry for you... idiots make the world go round i guess.

Mt. Gox are well established and have been around a long time and been through a lot.

Thinking back, I seem to sort of remember you getting fucked in a way that was not clearly your fault, but I don't recall the details.  It had something to do with Bitcoinica IIRC.  Your case seemed to be a bit exceptional though.

That said, I halved my exposure to Mt. Gox before I did a BTC draw-down (basically my first), and my exposure currently is about what it was at Bitcoinica in the time frame before their implosion.  That is, highly minimal.  I'm not including the wire which is supposed to be in process, but it is for a USD value which was carefully choosen as an amount I could lose though still enough to fight for as a creditor.

I have to say, though, that I seem to remember you having more than a little to do with pirate@40's scam.  If you lost money it would be arguable that you are casting stones from a glass house.  And if not, that is possibly even worse.  I always call it as I see it.



Gox never apologized so I will spend the rest of my life showing people who they really are.  (bitcoinica stuff was the second time)
Quote
I have to say, though, that I seem to remember you having more than a little to do with pirate@40's scam.  If you lost money it would be arguable that you are casting stones from a glass house.  And if not, that is possibly even worse.  I always call it as I see it.

And what if I broke even?  

BTW Gox did profit off of the pirate scam so there you go...



Unrelated Gox is lagging again, so much for their new and improved hardware.

Goz profited off of the pirate scam just like any other person selling Bitcoins. If pirate had decided to ponzi radishes then farmers would have profited off it, too.

Seriously, this is exactly the type of thinking behind the bullshit money laundering laws that Bitcoin avoids.
legendary
Activity: 4690
Merit: 1276
October 15, 2013, 11:12:54 PM
#7
...
Unrelated Gox is lagging again, so much for their new and improved hardware.

I've noted the lag on Bitcoinity recently but it remains unclear whether it originates from their matching engine or some other part of their system or the WAN generally.

Is that (new hardware) publicly discussed anywhere?  And if so, do you have any pointers handy?

legendary
Activity: 4690
Merit: 1276
October 15, 2013, 11:02:27 PM
#6
why do you guys use gox or even talk about it?

when you get robbed i will not cry for you... idiots make the world go round i guess.

Mt. Gox are well established and have been around a long time and been through a lot.

Thinking back, I seem to sort of remember you getting fucked in a way that was not clearly your fault, but I don't recall the details.  It had something to do with Bitcoinica IIRC.  Your case seemed to be a bit exceptional though.

That said, I halved my exposure to Mt. Gox before I did a BTC draw-down (basically my first), and my exposure currently is about what it was at Bitcoinica in the time frame before their implosion.  That is, highly minimal.  I'm not including the wire which is supposed to be in process, but it is for a USD value which was carefully choosen as an amount I could lose though still enough to fight for as a creditor.

I have to say, though, that I seem to remember you having more than a little to do with pirate@40's scam.  If you lost money it would be arguable that you are casting stones from a glass house.  And if not, that is possibly even worse.  I always call it as I see it.

legendary
Activity: 4690
Merit: 1276
October 15, 2013, 08:29:37 PM
#5
They need to sort their withdrawals out.

I'd be fairly satisfied if they simply gave customers honest and accurate information about what is going on.

That does not seem like it should be to much to ask, but there is clearly something I don't understand about business because it is extraordinarily unusual for any business to do it.  And pretty much unheard of in Bitcoin-land.

sr. member
Activity: 392
Merit: 250
October 15, 2013, 08:17:47 PM
#4
Well, they at least their website is still online and not just taken down like some scammer..
sr. member
Activity: 448
Merit: 250
October 15, 2013, 08:10:55 PM
#3
It feels like they're the Internet Explorer of Bitcoin or something. I get that nobody thinks they're "smooth enough" compared to other exchanges, but whether you like it or not, without Gox, we wouldn't be where we are today. I know as of now its "cool" to hate on Gox, but I think that there is a large chance that they'll eventually do something to make a big boom in the industry again. Don't write the mountain of the map just yet.

Just my 2uBTC.


They need to sort their withdrawals out.

I heard that they are at least processing all non-USD withdraws.

Thats true, right ?
member
Activity: 112
Merit: 10
October 15, 2013, 03:35:33 PM
#2
It feels like they're the Internet Explorer of Bitcoin or something. I get that nobody thinks they're "smooth enough" compared to other exchanges, but whether you like it or not, without Gox, we wouldn't be where we are today. I know as of now its "cool" to hate on Gox, but I think that there is a large chance that they'll eventually do something to make a big boom in the industry again. Don't write the mountain of the map just yet.

Just my 2uBTC.


They need to sort their withdrawals out.
sr. member
Activity: 448
Merit: 250
October 15, 2013, 03:32:21 PM
#1
It feels like they're the Internet Explorer of Bitcoin or something. I get that nobody thinks they're "smooth enough" compared to other exchanges, but whether you like it or not, without Gox, we wouldn't be where we are today. I know as of now its "cool" to hate on Gox, but I think that there is a large chance that they'll eventually do something to make a big boom in the industry again. Don't write the mountain of the map just yet.

Just my 2uBTC.
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