Is MtGox dying? - page 2. | Bitcointalksearch.org

Hujer

newbie

Activity: 4

Merit: 0

Quote from: PirateHatForTea on February 11, 2014, 03:24:43 AM

This is truly terrifying. If the 5% fee withdrawal doesn't even work now, it really does seem as though Gox is dying/insolvent. Has ANYONE managed to get money out of them in the last few weeks?

I can confirm that I received a withdraw which I ordered in end of November and received it on 5th February (last week):

http://fastimages.eu/images/mtgoxgxg.jpg

sase007

sr. member

Activity: 364

Merit: 250

ROFL

http://ismtgoxdeadyet.com/

PirateHatForTea

full member

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Quote from: taiping on February 11, 2014, 12:43:41 AM

MtGox failed to transfer USD funds to my bank account, requested on 14 December 2013, even though I agreed to the outrageous 5% extra handling fee, but after many Support Requests, they finally credited my MtGox account back with the funds on 10 February 2014. Of course, I now have MtGoxBTC and MtGoxUSD which are useless since transfers have been suspended.

This is truly terrifying. If the 5% fee withdrawal doesn't even work now, it really does seem as though Gox is dying/insolvent. Has ANYONE managed to get money out of them in the last few weeks?

taiping

newbie

Activity: 28

Merit: 0

MtGox failed to transfer USD funds to my bank account, requested on 14 December 2013, even though I agreed to the outrageous 5% extra handling fee, but after many Support Requests, they finally credited my MtGox account back with the funds on 10 February 2014. Of course, I now have MtGoxBTC and MtGoxUSD which are useless since transfers have been suspended.

cryptog1

member

Activity: 117

Merit: 10

Quote from: mp420 on February 07, 2014, 06:29:38 AM

Quote from: cryptog1 on February 07, 2014, 03:56:25 AM

Quote from: mp420 on February 06, 2014, 07:19:48 AM

The reason why I do believe Gox is likely to solve its current problems (wrt fiat withdrawals, btc withdrawals):

They did fix their horribly broken trade matching engine last year. I think it was something they ought to have done much earlier (they had time and they had the money to buy expertise), but better late than never.

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

I think so, too. I believe they are not scammers.
I exchanged a couple of emails with the support team.
They were happy to hear that I was cheering them up instead of scolding them.

Besides, do not forget that mark is a PHP programmer.....PHP is nice but known to produce spaghetti code...

How exactly is PHP nice? PHP is a HORRIBLE language by any count. I use and even administer some systems written in PHP but not by choice, rather by poor choice made by others. Everyone should read this article before claiming PHP to be good for any purpose: http://me.veekun.com/blog/2012/04/09/php-a-fractal-of-bad-design/

Good for rapid prototyping but yeah for the rest...that would explain why mark cannot delegate...he is probably the only one that can read the code.

DeathAndTaxes

donator

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Gerald Davis

mp420

hero member

Activity: 501

Merit: 500

Quote from: cryptog1 on February 07, 2014, 03:56:25 AM

Quote from: mp420 on February 06, 2014, 07:19:48 AM

The reason why I do believe Gox is likely to solve its current problems (wrt fiat withdrawals, btc withdrawals):

They did fix their horribly broken trade matching engine last year. I think it was something they ought to have done much earlier (they had time and they had the money to buy expertise), but better late than never.

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

I think so, too. I believe they are not scammers.
I exchanged a couple of emails with the support team.
They were happy to hear that I was cheering them up instead of scolding them.

Besides, do not forget that mark is a PHP programmer.....PHP is nice but known to produce spaghetti code...

How exactly is PHP nice? PHP is a HORRIBLE language by any count. I use and even administer some systems written in PHP but not by choice, rather by poor choice made by others. Everyone should read this article before claiming PHP to be good for any purpose: http://me.veekun.com/blog/2012/04/09/php-a-fractal-of-bad-design/

Bitnicity

newbie

Activity: 56

Merit: 0

Quote from: Mythul on February 07, 2014, 05:52:51 AM

MtGox is almost dead. Hope an angel investor somehow saves the day.

unfortunately, this shit is too astonishing that no angel in this world could ever consume.

Mythul

sr. member

Activity: 644

Merit: 250

MtGox is almost dead. Hope an angel investor somehow saves the day.

epenue

full member

Activity: 136

Merit: 100

Quote from: komar on February 07, 2014, 05:21:30 AM

BTC withdraws are disabled right now.

And what's happening with MtGox price? Everyone is rushing to sell bitcoins and withdrawing fiat?

Yo can go to court if someone doesnt give your fiat much easily.

komar

full member

Activity: 224

Merit: 100

BTC withdraws are disabled right now.

And what's happening with MtGox price? Everyone is rushing to sell bitcoins and withdrawing fiat?

btctraderr

full member

Activity: 120

Merit: 100

They should have died 6 months ago when they stopped giving customers their international wires. The sooner they die the better for bitcoin. I hope this is that time.

cryptog1

member

Activity: 117

Merit: 10

Quote from: mp420 on February 06, 2014, 07:19:48 AM

The reason why I do believe Gox is likely to solve its current problems (wrt fiat withdrawals, btc withdrawals):

They did fix their horribly broken trade matching engine last year. I think it was something they ought to have done much earlier (they had time and they had the money to buy expertise), but better late than never.

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

I think so, too. I believe they are not scammers.
I exchanged a couple of emails with the support team.
They were happy to hear that I was cheering them up instead of scolding them.

Besides, do not forget that mark is a PHP programmer.....PHP is nice but known to produce spaghetti code...

mightycount

member

Activity: 101

Merit: 10

Quote from: TheFootMan on February 06, 2014, 08:22:52 AM

Quote from: mp420 on February 06, 2014, 07:19:48 AM

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

Is there anyone else but Mark in charge at the decision level?

To my understanding, no.

taiping

newbie

Activity: 28

Merit: 0

Withdrawal Request of just 0.0255 BTC (about US$24) on 5 February 2014 not received yet (7 February). Just wanted to test the system.
Still not received the USD funds withdrawal from December 2013 (of course).
Support Requests go unanswered (naturally).
They are just a criminal organization, but I don't know what can be done about it.
Sorry for those with large amounts of BTC or USD at MtGox. You've lost it fellas.

TheFootMan

hero member

Activity: 490

Merit: 500

Quote from: mp420 on February 06, 2014, 07:19:48 AM

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

Is there anyone else but Mark in charge at the decision level?

mp420

hero member

Activity: 501

Merit: 500

The reason why I do believe Gox is likely to solve its current problems (wrt fiat withdrawals, btc withdrawals):

They did fix their horribly broken trade matching engine last year. I think it was something they ought to have done much earlier (they had time and they had the money to buy expertise), but better late than never.

So, with this precedent, I'm reasoning they have extremely inefficient / stupid leadership culture, where they only dedicate any resources to their systems when problems arise. They're working on a misunderstood "if it ain't broken" principle; they only fix things when it comes painfully, publicly apparent that they are broken.

cryptog1

member

Activity: 117

Merit: 10

Quote from: makoto1337 on January 27, 2014, 07:58:06 AM

Dealing with JPY domestically is really great on Mt. Gox. Can deposit fiat and get fiat out within an hour or so.

not anymore.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: empoweoqwj on February 05, 2014, 10:51:14 PM

Quote from: skyrunner on February 05, 2014, 10:38:53 PM

Quote from: empoweoqwj on February 05, 2014, 10:32:18 PM

Quote from: skyrunner on February 05, 2014, 10:26:26 PM

Quote from: komar on February 05, 2014, 10:22:19 PM

Whoops, MtGox price dropped to $825. What's happening?

obvious - why pay more if anyway you can't get btc out, people may as well turn to fiat

How do you "turn to fiat" at Gox? Don't understand.

you sell your gox-btc for gox-usd or gox-euro and try to withdraw it, just a guess

In case you've missed the news, getting fiat out of Gox has been nearly impossible for several months now.

They also came out with a super fishy sounding excuse that said that the withdrawal problems seemed to only affect the larger withdrawals. There is something so not right going on there...

skyrunner

newbie

Activity: 56

Merit: 0