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Topic: Mt.Gox and void trades: Force Majeure - page 5. (Read 20653 times)

member
Activity: 70
Merit: 10
June 21, 2011, 06:33:34 AM
#50
For Force Majeure requires three conditions:
[...]
hey jerk; go back to where u came from 2d ago!

Your ad hominem attack is proving that even a new member of forum can say more correct and informative things that "hero member" as you.
full member
Activity: 140
Merit: 100
June 21, 2011, 06:32:40 AM
#49

So what, instead of analyzing his behavior, now you are attacking me with Ad Hominems?
So being registered in a freaking forum for too little time disqualifies my valid criticism?
I am right, you know it. Anyone with a iota of rationality knows it.
Now you are covering him because your personal connection with him, do you think that this favoritism will actually help the community?
I am speechless.

Whoa now. His font is much bigger than yours, and it's bolded. That means he's right by at least 4 typography point sizes. I don't think you have a leg to stand on in this argument, unless you start using an even bigger size and some annoying font like
Impact
.
sr. member
Activity: 504
Merit: 250
June 21, 2011, 06:30:23 AM
#48
90% of this damage was preventable? YES, IT WAS.

What damage ? When the exchange reopens you will find your $ and BTC balances untouched. The most you could claim is that you were denied service for a few days.
The whole debate about force majeure would excuse mtgox from loosing your funds to hackers, at which users could claim mtgox did not do it's best job to secure the service. It would really for a court to decide, but only if funds were lost. For example if the rollback did not happen, it would apply to the original owner of the 500.000 BTC.

Since no funds were lost (the small withdrawals that lead to negative balances will be covered by mtgox), but only imaginary profits, the whole debate is baseless. The profits were never yours to begin with. You have no proof you actually bought 250.000 at 0.01 $/BTC. None whatsoever. You would be thrown out of any court.
legendary
Activity: 1946
Merit: 1004
June 21, 2011, 06:29:55 AM
#47
- I think MagicalTux is doing a good job.

Im happy that he's still there and i can use his tradingplattform. If i dont want to use it anymore i can go.

Im afraid that people here cry so loud agains MagicalTux that he just could say - kiss my as. And then we 'really see satoshi running with our money'.

So, in the end. Who needs the other more? The Chicken or the Egg?

If MagicalTux runns away now because of you - that would be a scandal. For bitcoin itself !!!

This hackerthing 2 days ago? Well, in the kitchen there is heat. Shit happens. I could get some 100 coins at a good price because i was solvent at the crash. Now comes a rollback. OK. Why not. Its just fair. Lets trade regular again. Im not afraid of it and i dont need stolen coins.


http://forum.bitcoin.org/index.php?topic=20563.0
legendary
Activity: 1764
Merit: 1002
June 21, 2011, 06:27:56 AM
#46

Can you just use your brain instead of becoming a conspiranoid?
I am striking both stupid users and mtgox.
Boths have their faults, but if you read my thread it is more than evident that MtGox is lying in front of our faces.

Something really embarrasing must have happened that they are trying to cover it with childish and unsustainable lies.
There is a very clear trend here: from denying any hacking happening in the site, from claiming that there wasn't any CSRF exploit "logged" (ORLY do they get logged?), and now their lousy attempt of using legal terminologies improperly trying to to exonerate themselves from any kind of liabilities.

You, sir, are responsible for the security and stability of the site.
You can't escape from that reponsability.
You are responsible for the stability of the site.
We trusted you with our money.
You are deepening the insult of your incompetence covering lies with more lies.

You-are-pathetic

who is pathetic?  u register 2d ago AFTER all the events happen, give yourself a nick like that, and scream bloody murder against MT and mtgox and then call me a conspiranoid?

you had no money on the line in bitcoin, you have no interest in bitcoin (other than seeing it fail), you have no interest in mtgox, you have no interest in being a gentleman, you should leave.
newbie
Activity: 33
Merit: 0
June 21, 2011, 06:24:37 AM
#45
As I said, if his lawyer suggested Force Majeure, he must be drunk.
I really hope to see Mark in court, and don't forget to bring your real life version of Lionel Hutz.

Our ToS writes hacking as included in Force Majeure. If you didn't read it that's your own problem.

A ToS isn't a legally binding contract, I hope you know... You'd better lawyer up.
full member
Activity: 126
Merit: 100
June 21, 2011, 06:24:21 AM
#44
As I said, if his lawyer suggested Force Majeure, he must be drunk.
I really hope to see Mark in court, and don't forget to bring your real life version of Lionel Hutz.

Our ToS writes hacking as included in Force Majeure. If you didn't read it that's your own problem.

I hope you won't use MD5 hashing again. Use SHA-2, for god's sake!
legendary
Activity: 1284
Merit: 1001
June 21, 2011, 06:23:42 AM
#43
A Force Majeure must be included in a contract to be valid. There is no contract between mtgox and users; hence no case for force majeure.
But then how can you claim that they are not allowed to do a rollback if you don't have a contract with them?
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
June 21, 2011, 06:22:53 AM
#42
The real way of showing what we think of the situation is of course by just moving to a different trade site as soon as MtGox re-opens.
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
June 21, 2011, 06:22:46 AM
#41
"Force Majeure" is anything independ of us, not the same thing as "Act of God".

Please read what I say.
For Force Majeure requires three conditions:

1) Externality: you must not be related to the event.
We don't know. You've been lying to us from the very beginning. You claimed that was only one account holding 500,000 BTC?
Show us the anonymous transaction blocks that prove this account existed. Maybe it is your account and you don't want to admit it?
Anyway, lets assume for the example that genuinely you are not related. You might pass here.

2) Unpredictability: The attacks must have not be foreseen.
If you knew you had a vulnerability and didn't fix it (for whatever reason) you are totally culpable.
You knew your site was vulnerable. You probably were sleeping like a baby every night: waking up every three hours.
You allowed the access of this "auditor" with "read only" privileges, YOU KNOW THE RISKS OF ALLOWING A THIRD PARTY TO YOUR BACKEND, DON'T YOU?
YOU KNOW THE RISKS OF HASHING WITH MD5, DON'T YOU?
YOU KNOW THE RISKS OF NOT FILTERING OUT WEAK PASSWORDS, ISN'T THAT STANDARD PROCEDURE?
You were receiving floods of emails about several exploits and vulnerabilities in your site.
Don't fuck with us, your lies are unsustainable. You fail miserably in this condition.

3) Irresistibility: basically proving that it wasn't preventable.
Any 18 years old experienced with programming would know how to prevent half of the vulnerabilities of your site.
I would have started by not using MD5 to hash the passwords and having a very simple Javascript filtering weak passwords.
Lets not talk about the potential casualties from the explotation of CSRF vulnerabilities.
The site had more holes than Swiss cheese.
90% of this damage was preventable? YES, IT WAS.

Force Majeur??, STFU!

hey jerk; go back to where u came from 2d ago!

So what, instead of analyzing his behavior, now you are attacking me with Ad Hominems?
So being registered in a freaking forum for too little time disqualifies my valid criticism?
I am right, you know it. Anyone with a iota of rationality knows it.
Now you are covering him because your personal connection with him, do you think that this favoritism will actually help the community?
I am speechless.
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
June 21, 2011, 06:19:37 AM
#40
MagicalTux dont listen to the haters, this sort of thing, although disruptive will only strengthen the markets in the future, as an active day trader for the last 12 years or so my one major concern when I first wanted to deposit money, was that the buying process looked really amatuer hour compared to the security I am used to trading shares.

It looks like a proper level of security and account verification will be coming to Mt Gox which in turn will only make others feel safer trading.

The sorts of things i'm used to when trading -

user name that is issued by you.
trading password which is snail mailed to the user - or perhaps sms trading token


Not haters. We are lovers who became disappointed.
"Acts of God" are unpredictable, unforseeable, uncontrollable events that escapes our power to counter it, foresee it and/or prevent it.
The best example are when there is a blizzard and a plane can't take off: THAT'S FORCE MAJEURE, AKA. ACTS OF GOD there isn't anything in the power of the airline to prevent or stop a blizzard.
In those cases you can't do anything, and you aren't entitled to any compensation from the airline (no hotel, upgrades, no shit)
(But if it was forecasted blizzard but the airline forgot changing the schedule, it isn't Force Majeure anymore, it become negligence)

If the plane blows a tire and there is no spare left, even if in the maintenance log clearly stated that needed one.
THAT IS NOT FORCE MAJEURE. (Analogy: YOU KNEW YOU HAD BUGS, YOUR EMAIL WAS BEING FLOODED WITH MAILS REGARDING TO THE EXPLOITS)
In those cases you usually get a hotel night free, amenities, and even upgrades to first class.

If the airport didn't take enough measures to prevent a terror attack and failed in implementing basic security protocols, THAT IS NOT FORCE MAJEURE: THAT'S NEGLIGENCE.
In these cases you usually get millionaire compensations from the airlines.

Stop trying to save your neck, because your head is way into your ass.
YOU ARE WORSE THAN DISAPPOINTING: WITH THIS STUPID AND LOUSY ATTEMPT YOU BECAME PATHETIC.

PS: By the way, if you cited Force Majeure because it was suggested by your lawyer, I suggest firing him. Now thinking of it, better keep him, so we can butt rape you in court.

you sir, who just registered to the forum 2d ago, i doubt is a btc lover.  its highly likely u own or believe in btc but instead r just piling on for your own nefarious purposes.

Can you just use your brain instead of becoming a conspiranoid?
I am striking both stupid users and mtgox.
Boths have their faults, but if you read my thread it is more than evident that MtGox is lying in front of our faces.

Something really embarrasing must have happened that they are trying to cover it with childish and unsustainable lies.
There is a very clear trend here: from denying any hacking happening in the site, from claiming that there wasn't any CSRF exploit "logged" (ORLY do they get logged?), and now their lousy attempt of using legal terminologies improperly trying to to exonerate themselves from any kind of liabilities.

You, sir, are responsible for the security and stability of the site.
You can't escape from that reponsability.
You are responsible for the stability of the site.
We trusted you with our money.
You are deepening the insult of your incompetence covering lies with more lies.

You-are-pathetic
legendary
Activity: 1764
Merit: 1002
June 21, 2011, 06:19:11 AM
#39
"Force Majeure" is anything independ of us, not the same thing as "Act of God".

Please read what I say.
For Force Majeure requires three conditions:

1) Externality: you must not be related to the event.
We don't know. You've been lying to us from the very beginning. You claimed that was only one account holding 500,000 BTC?
Show us the anonymous transaction blocks that prove this account existed. Maybe it is your account and you don't want to admit it?
Anyway, lets assume for the example that genuinely you are not related. You might pass here.

2) Unpredictability: The attacks must have not be foreseen.
If you knew you had a vulnerability and didn't fix it (for whatever reason) you are totally culpable.
You knew your site was vulnerable. You probably were sleeping like a baby every night: waking up every three hours.
You allowed the access of this "auditor" with "read only" privileges, YOU KNOW THE RISKS OF ALLOWING A THIRD PARTY TO YOUR BACKEND, DON'T YOU?
YOU KNOW THE RISKS OF HASHING WITH MD5, DON'T YOU?
YOU KNOW THE RISKS OF NOT FILTERING OUT WEAK PASSWORDS, ISN'T THAT STANDARD PROCEDURE?
You were receiving floods of emails about several exploits and vulnerabilities in your site.
Don't fuck with us, your lies are unsustainable. You fail miserably in this condition.

3) Irresistibility: basically proving that it wasn't preventable.
Any 18 years old experienced with programming would know how to prevent half of the vulnerabilities of your site.
I would have started by not using MD5 to hash the passwords and having a very simple Javascript filtering weak passwords.
Lets not talk about the potential casualties from the explotation of CSRF vulnerabilities.
The site had more holes than Swiss cheese.
90% of this damage was preventable? YES, IT WAS.

Force Majeur??, STFU!

hey jerk; go back to where u came from 2d ago!
legendary
Activity: 1764
Merit: 1002
June 21, 2011, 06:12:49 AM
#38
MagicalTux dont listen to the haters, this sort of thing, although disruptive will only strengthen the markets in the future, as an active day trader for the last 12 years or so my one major concern when I first wanted to deposit money, was that the buying process looked really amatuer hour compared to the security I am used to trading shares.

It looks like a proper level of security and account verification will be coming to Mt Gox which in turn will only make others feel safer trading.

The sorts of things i'm used to when trading -

user name that is issued by you.
trading password which is snail mailed to the user - or perhaps sms trading token


Not haters. We are lovers who became disappointed.
"Acts of God" are unpredictable, unforseeable, uncontrollable events that escapes our power to counter it, foresee it and/or prevent it.
The best example are when there is a blizzard and a plane can't take off: THAT'S FORCE MAJEURE, AKA. ACTS OF GOD there isn't anything in the power of the airline to prevent or stop a blizzard.
In those cases you can't do anything, and you aren't entitled to any compensation from the airline (no hotel, upgrades, no shit)
(But if it was forecasted blizzard but the airline forgot changing the schedule, it isn't Force Majeure anymore, it become negligence)

If the plane blows a tire and there is no spare left, even if in the maintenance log clearly stated that needed one.
THAT IS NOT FORCE MAJEURE. (Analogy: YOU KNEW YOU HAD BUGS, YOUR EMAIL WAS BEING FLOODED WITH MAILS REGARDING TO THE EXPLOITS)
In those cases you usually get a hotel night free, amenities, and even upgrades to first class.

If the airport didn't take enough measures to prevent a terror attack and failed in implementing basic security protocols, THAT IS NOT FORCE MAJEURE: THAT'S NEGLIGENCE.
In these cases you usually get millionaire compensations from the airlines.

Stop trying to save your neck, because your head is way into your ass.
YOU ARE WORSE THAN DISAPPOINTING: WITH THIS STUPID AND LOUSY ATTEMPT YOU BECAME PATHETIC.

PS: By the way, if you cited Force Majeure because it was suggested by your lawyer, I suggest firing him. Now thinking of it, better keep him, so we can butt rape you in court.

you sir, who just registered to the forum 2d ago, i doubt is a btc lover.  this fact and your nick; its highly unlikely u own or believe in btc but instead r just piling on for your own nefarious purposes.
full member
Activity: 209
Merit: 100
June 21, 2011, 06:10:49 AM
#37
As I said, if his lawyer suggested Force Majeure, he must be drunk.
I really hope to see Mark in court, and don't forget to bring your real life version of Lionel Hutz.

Our ToS writes hacking as included in Force Majeure. If you didn't read it that's your own problem.

Until you prove that the result happened because of a hacker, you can't stand behind your Force Majeure clause.  You can easily provide a scanned copy of the police report, since you have publicly said that you have initiated criminal proceedings.  

The fact that you could ease people's concerns, and the fact that you haven't done so, is, to say the least, shady/suspicious.

Those of us who WANT to trust you are being given very little to work with from you.  Show us some proof that you have initiated the criminal proceedings you claim. 
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
June 21, 2011, 06:10:07 AM
#36
"Force Majeure" is anything independ of us, not the same thing as "Act of God".

Please read what I say.
For Force Majeure requires three conditions:

1) Externality: you must not be related to the event.
We don't know. You've been lying to us from the very beginning. You claimed that was only one account holding 500,000 BTC?
Show us the anonymous transaction blocks that prove this account existed. Maybe it is your account and you don't want to admit it?
Anyway, lets assume for the example that genuinely you are not related. You might pass here.

2) Unpredictability: The attacks must have not be foreseen.
If you knew you had a vulnerability and didn't fix it (for whatever reason) you are totally culpable.
You knew your site was vulnerable. You probably were sleeping like a baby every night: waking up every three hours.
You allowed the access of this "auditor" with "read only" privileges, YOU KNOW THE RISKS OF ALLOWING A THIRD PARTY TO YOUR BACKEND, DON'T YOU?
YOU KNOW THE RISKS OF HASHING WITH MD5, DON'T YOU?
YOU KNOW THE RISKS OF NOT FILTERING OUT WEAK PASSWORDS, ISN'T THAT STANDARD PROCEDURE?
You were receiving floods of emails about several exploits and vulnerabilities in your site.
Don't fuck with us, your lies are unsustainable. You fail miserably in this condition.

3) Irresistibility: basically proving that it wasn't preventable.
Any 18 years old experienced with programming would know how to prevent half of the vulnerabilities of your site.
I would have started by not using MD5 to hash the passwords and having a very simple Javascript filtering weak passwords.
Lets not talk about the potential casualties from the explotation of CSRF vulnerabilities.
The site had more holes than Swiss cheese.
90% of this damage was preventable? YES, IT WAS.

Force Majeur??, STFU!
newbie
Activity: 8
Merit: 0
June 21, 2011, 06:09:00 AM
#35
Our ToS writes hacking as included in Force Majeure. If you didn't read it that's your own problem.

At no point during registration was I asked to agree to a tos. I doubt there was a link to one anywhere on the site.
hero member
Activity: 558
Merit: 500
June 21, 2011, 06:07:58 AM
#34
scumbags. Your only interesting in saving your own skin.

force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces

scumbags

+1
vip
Activity: 608
Merit: 501
-
June 21, 2011, 06:01:19 AM
#33
As I said, if his lawyer suggested Force Majeure, he must be drunk.
I really hope to see Mark in court, and don't forget to bring your real life version of Lionel Hutz.

Our ToS writes hacking as included in Force Majeure. If you didn't read it that's your own problem.
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
June 21, 2011, 05:50:23 AM
#32
How would you like to be on the end of a civil lawsuit just for leaking personal data?  Let alone whatever financial malfeasance has gone on...

How would you like to be on the end of a civil lawsuit for libel for claiming that Mt. Gox leaked personal data, implying that they were complicit or involved with the theft? Surely you have no evidence to support this claim.

Yeah, that's a shitty thing to say, and I'm not defending Mt. Gox's lousy security practices, but I'm just pointing out how crappy your argument is by making a similarly crappy argument against it. Why? Because civil lawsuits like this are about money losses. Your libel almost surely more provably costs them more money than the monetary damages you faced by Mt. Gox, at worst, having insufficient security measures that allowed this data to be stolen easily. Even that is an uphill battle for you to prove, because they'll be compared against best industry practices rather than an impenetrable wall.

In the case that leaked hashes lead to your account being hijacked, sure, you are probably due your account balance. But if attempting to get money beyond that, any judge in the land is going to ask you first, "Why are you suing Mt. Gox for insufficient security when your own password was easily guessable?"

You can't blame your landlord alone for crappy locks if you leave the windows open. The blame is shared, as your expectation of security is diminished by your own lack of it. As for the argument that they should have had two-factor authentication, account address locks and such, well that's just like alcoholics who blame their families for not fighting the bottle from their hands. "God, why are you not stopping me from hurting myself?"

Your argument is as silly as my libel one, but have fun in the murky swamps of international law in suing for your hundred dollars. Even if you miraculously win more money than your provable monetary losses, so will everyone else as we all practically would have the same case, if it was valid. In other words, if you win, it'll be noncollectable.

Anyway, on with more armchair lawyering! Oh man I practically have a law degree, as I have this dictionary RIGHT HERE on this bookshelf behind me and it says this and this and this about force majeure that I'm going to cherry pick to support my anger. At least MagicalTux probably consulted a lawyer before making his assertion or writing his TOS.

Damn, as a level 10 armchair lawyer with action court battle pads, I have to say that practically any legal stance can be supported if you research hard enough and are allowed to choose from random crap on the internet rather than applicable laws, cases and precedents. Dude, with those crappy standards, I could churn out 10 pages easily on any outrageously wrong assertion, such as that child porn is not actually illegal, rape is a permissible act where only the woman is to blame, and black people are not due the rights of other humans. I've actually done crap like that, only not so disgusting, in opposition research papers that surely will prevent me from ever holding public office.

As I said, if his lawyer suggested Force Majeure, he must be drunk.
I really hope to see Mark in court, and don't forget to bring your real life version of Lionel Hutz.
vip
Activity: 608
Merit: 501
-
June 21, 2011, 05:49:05 AM
#31
"Force Majeure" is anything independ of us, not the same thing as "Act of God".

Please read what I say.
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