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Topic: MtGox btc price > 1.3 million per bitcoin (Read 15201 times)

full member
Activity: 182
Merit: 100
August 05, 2011, 04:39:01 PM
#98
does anyone know how long it takes for your deposit to show up
full member
Activity: 182
Merit: 106
August 03, 2011, 11:32:06 AM
#97
Suspend trading during upgrades, for fucks sake.
sr. member
Activity: 252
Merit: 251
August 01, 2011, 09:23:55 AM
#96
It will take YEARS to withdraw 7million USD from Gox, with the $1000 daily withdraw limit.

The $1k per day is not a hard limit.

It can be raised to 10k or more if you send in personal identification to Mark/Tibanne.
full member
Activity: 163
Merit: 100
August 01, 2011, 09:21:46 AM
#95
And yet another one who would rather exchange in any currency but the USD. It ain't looking good for the Uncle.
sr. member
Activity: 280
Merit: 250
Firstbits: 12pqwk
August 01, 2011, 04:49:59 AM
#94
It will take YEARS to withdraw 7million USD from Gox, with the $1000 daily withdraw limit.
member
Activity: 70
Merit: 10
August 01, 2011, 04:37:49 AM
#93
Damn it, you guys are too slow! I would have cashed out to dwolla by now!
hero member
Activity: 686
Merit: 564
August 01, 2011, 04:29:14 AM
#92
If nothing else, this Mt Gox bug allowed me to sell bitcoins at way above the recent average price.  The trades were not wound back.  Bots reacted to the erroneous price and raised their bids, allowing human traders to take advantage.  Just one of the dangers of letting bots roam free.
Of letting them roam free on an unregulated marketplace that can give completely bogus pricing information and has no rules on how to handle this, anyway.
full member
Activity: 237
Merit: 100
Bots reacted to the erroneous price and raised their bids

ah that makes sense, and 19k bitcoins changed hands because of it  Shocked what a mess
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
So this time people actually profited instead of loosing money?
hero member
Activity: 756
Merit: 500
anyone think this means we might be able to purchase different currency?
...It gets interesting.  Cool

NMC perhaps?
legendary
Activity: 1692
Merit: 1018
If nothing else, this Mt Gox bug allowed me to sell bitcoins at way above the recent average price.  The trades were not wound back.  Bots reacted to the erroneous price and raised their bids, allowing human traders to take advantage.  Just one of the dangers of letting bots roam free.
hero member
Activity: 668
Merit: 501
human errors happen - was caught and repaired

communication was good in realtime and also afterwards more "official".

but for FSM sake - GET A PROPER TEST/STAGING SYSTEM *and test rollouts under load* before doing this in production
member
Activity: 84
Merit: 10
anyone think this means we might be able to purchase different currency?
...It gets interesting.  Cool
full member
Activity: 237
Merit: 100
Quote
As such, trades in the order book continued to execute during the upgrade.

Does this mean that you intended to freeze all trading during the upgrade?


Why not have scheduled downtime for this kind of upgrade and/or maintenance?
full member
Activity: 146
Merit: 100
Now we can't contact the owner of Mtgox. that's the sad results of no phone number left on website.

260 people contacted the owner of mtgox on the official #mgox  support IRC channel and had immediate answers from MagicalTux

 If you had a phone number to contact us , you d have useless answers from an underpaid offshore call center employee ( and you would probably pay more fees to pay a useless call center in india ).

 mtgox support is by email and realtime on IRC , channel #mtgox, server chat.freenode.net

 this was a bug after a database upgrade to support multi-currencies soon.
 Eveything is back to normal now.

 an official communication will soon come.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
it was probably some kind of a wormwhole bug which caused MtGox to display the USD exchange-rate from some day in the future. With the realistic possibility of a US default, we could actually see it happens sooner than later.


LOL that's the best explanation yet.
member
Activity: 60
Merit: 11
it was probably some kind of a wormwhole bug which caused MtGox to display the USD exchange-rate from some day in the future. With the realistic possibility of a US default, we could actually see it happens sooner than later.
legendary
Activity: 1036
Merit: 1002
Okay... any official statement on this?

Was any fake money withdrawn? Where does the nonsense come from? Or is this just a successful troll raid timed with an unlikely buy order of around 20k BTC?

I don't see any of the insane spikes people claim to have come by.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
I need it to drop to 9.


Why to you want to sell at 9, when you can make more money at 10?
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