MtGOX Launch . . . postponed | Bitcointalksearch.org

jgraham

full member

Activity: 140

Merit: 100

Quote from: bitcoinminer on June 23, 2011, 09:47:54 PM

I still don't understand with the financial resources they have, they insist on running it like amateurs. I think Tux needs to cash out his coins and just let a professional run it for him.

Simple fact: Businesses often scale faster than infrastructure.

They are trying to hire more people but as someone who has been involved in hiring ＩT staff many times over I can tell you it's costly and time consuming. Sometimes so much so that you can have an open req but no time to go through the hiring process. So the way I see it right now Mt. Gox has a choice between going through the hiring process OR fixing things and getting them up and running.

I suspect they are doing the later.

datguywhowanders

member

Activity: 112

Merit: 10

Quote from: bitcoinminer on June 23, 2011, 10:39:30 PM

I will only complicate you.
Trust in me and fall as well.
I will find a center in you.
I will chew it up and leave,
I will work to elevate you
just enough to bring you down.

+1 for the tool quote.

I think Mt. Gox will come back online eventually. I kinda don't think it'll be in 24 hours. I think these guys are just lacking in PR skills at this point.

Oh well, at least now I can wait and maybe see it open slow over the weekend instead of mad trading rush during my normal sleep hours.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Herodes on June 23, 2011, 11:03:02 PM

Quote from: Bit_Happy on June 23, 2011, 10:59:05 PM

Quote from: Herodes on June 23, 2011, 10:56:58 PM

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

Password strength was supposed to be checked over 2 days ago, why are not those (good passwords) 100% verified?

I have no idea. I had a very strong password. That I find it impossible anyone would be able to bruteforce without using an insane amount of processing time. But there's no point in speculating really, we just have to wait.

Correct, except this time it seemed like the waiting was over.
Notice how the threads complaining about "only 1 hour before trading" seem to have been forgotten now? Cheesy

In case anyone doesn't know:
Every single person who had a strong password should already be verified by the automated system they supposedly used.

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

Quote from: bitcoinminer on June 23, 2011, 10:59:30 PM

Quote from: Herodes on June 23, 2011, 10:56:58 PM

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

I worked at a company years ago that hosted websites. We had a 12 man team to do phone support for maybe 500 websites, and the phones were packed 24/7. Why 4 idiots are doing this is beyond me. They need something on the order of 50-100 people.

because they are children in way over their heads. seriously, I cant wait for the real business men to step in after the folks at mt gox are bankrupt or in jail.

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: Bit_Happy on June 23, 2011, 10:59:05 PM

Quote from: Herodes on June 23, 2011, 10:56:58 PM

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

Password strength was supposed to be checked over 2 days ago, why are not those (good passwords) 100% verified?

I have no idea. I had a very strong password. That I find it impossible anyone would be able to bruteforce without using an insane amount of processing time. But there's no point in speculating really, we just have to wait.

bitcoinminer

sr. member

Activity: 322

Merit: 252

Quote from: Herodes on June 23, 2011, 10:56:58 PM

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

I worked at a company years ago that hosted websites. We had a 12 man team to do phone support for maybe 500 websites, and the phones were packed 24/7. Why 4 idiots are doing this is beyond me. They need something on the order of 50-100 people.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Herodes on June 23, 2011, 10:56:58 PM

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

Password strength was supposed to be checked over 2 days ago, why are not those (good passwords) 100% verified?

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: mjsbuddha on June 23, 2011, 10:56:49 PM

I just got my rejection email. apparently a 20 digit password comprised of letters numbers and symbols wasn't enough.

Perhaps it was just a misclick, or perhaps you did not not provide more information. According to what MT said on IRC, what you describe should be enough. Personally I provided more info, just to be sure. Must suck to get that message, but it will probably be sorted out. Just going to take some time..

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

by the way, I sent my claim within 10 minutes of the claim page going live and i just got my rejection letter 45 minutes after the initial relaunch time.

dennis_sweden

jr. member

Activity: 42

Merit: 1

Quote

calm down guys. just another day.

If mt gox really wants to scam us there wouldn't be any messages on their page neither the claim function.

Unless:

Quote

Sure there would.. u have no idea how charming and believable a good con man is. And what lengths they will go to to steal a quick mil+

Anything that me or you can think of or takes 2-3 days to throw up on a website is easily within the realm of even a mediocre con man

What would be the major incentives to drawing this out

#1 he's probably liquidating bitcoins on tradehill as fast as he can without crashing their value too much. The longer he has plausbility deniability, the longer the bitcoin value will stay over 10$. . turning a mil+ con into a mega 5-10 million $$ con.. certainly worth a shitty claims page. LOL...

beeph

newbie

Activity: 42

Merit: 0

Quote from: Bit_Happy on June 23, 2011, 10:54:54 PM

Some have been verified, yes.

Question: Mt Gox's main account the one with all the bit coins.. where is that money now? can someone read blockexplorer and make sure the guy hasnt started liquidating via tradehill?

The first thing I would do is start spreading that money throughout a bunch of little accounts then hit tradehill with it like 20,000 a day wile i stall.

Herodes

hero member

Activity: 868

Merit: 1000

With say 15000 claims left to verify, this will take a 10 man team 3 days to solve if they do a claim every 3 minute round'the clock.

According to MT, there are 4 people working on this now. It's going to take it's while guys... My guess is that we will see more delays.

FuzzyCoins

newbie

Activity: 29

Merit: 0

So has anyone had their account "verified" by MtGox?

I would feel better if MtGox would just say that we have 60k accounts, only 15k of those accounts were active at the time of the crash, 5k of those accounts have started the verification process and we have actually verified 1,245 of the accounts. Verification is going much slower than we expected, we will bring the exchange back on line when we verify 2,000 accounts. We will post the updated stats of how many accounts are verified once a day.

If we had a message such as this, I would be content to wait a bit, but until I hear that someone, anyone, has been notified that their account has been verified, I will be suspicious that none ever will be and that the exchange will never open again.

This would of course suck, and since this is unregulated and there are no legal agreements between users of MtGox and MtGox, it will be too bad, so sad, but at least if it fails, we can move on. I would just like to know if it is going to fail or if there is any real reason for hope.

Edit: 6/24/2011 06:23 I have been notified that my account has been verified. Good news!

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

I just got my rejection email. apparently a 20 digit password comprised of letters numbers and symbols wasn't enough.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Some have been verified, yes.

bitcoinminer

sr. member

Activity: 322

Merit: 252

Quote from: beeph on June 23, 2011, 10:52:32 PM

Quote from: Bit_Happy on June 23, 2011, 10:48:55 PM

Quote from: Dirt Rider on June 23, 2011, 10:10:24 PM

I give up. I had faith - that was has proven foolish.

Every single person who had a strong password should already be verified. Just like I tried to tell you (in an awkward manner) ~2 days ago, certainly you remember?

has ANYONE here been verified? has anyone been able to withdraw money? even if they cant trade?

A decent ponzi will certainly allow a few people at a time to slowly get paid out, before the whole thing comes crashing down... it's a classic move.

We are witnessing a master at work, my friends..

Catch your money as it comes pouring out of the slot machine!!!

beeph

newbie

Activity: 42

Merit: 0

Quote from: Bit_Happy on June 23, 2011, 10:48:55 PM

Quote from: Dirt Rider on June 23, 2011, 10:10:24 PM

I give up. I had faith - that was has proven foolish.

Every single person who had a strong password should already be verified. Just like I tried to tell you (in an awkward manner) ~2 days ago, certainly you remember?

has ANYONE here been verified? has anyone been able to withdraw money? even if they cant trade?

A decent ponzi will certainly allow a few people at a time to slowly get paid out, before the whole thing comes crashing down... it's a classic move.

We are witnessing a master at work, my friends..

even if he IS honest (very slim chance) and hell he's obviously not even close to honest... this business has 0 value.. and will have to go bankrupt anyway, just from the legal fees.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Dirt Rider on June 23, 2011, 10:10:24 PM

I give up. I had faith - that was has proven foolish.

Every single person who had a strong password should already be verified. Just like I tried to tell you (in an awkward manner) ~2 days ago, certainly you remember?

psyborgue

newbie

Activity: 28

Merit: 0

I, for one, would rather they get it right and secure, rather than rush and end up with another fiasco.

bitcoinminer

sr. member

Activity: 322

Merit: 252

Quote from: beeph on June 23, 2011, 10:46:15 PM

Quote from: AngstHase on June 23, 2011, 10:44:04 PM

calm down guys. just another day.

If mt gox really wants to scam us there wouldn't be any messages on their page neither the claim function.

Sure there would.. u have no idea how charming and believable a good con man is. And what lengths they will go to to steal a quick mil+

Wonder what kind of money they've made in interest and investments off 1+ mill over a week...

Topic: MtGOX Launch . . . postponed (Read 7087 times)