Topic: MtGox withdrawal delays [Gathering] - page 131. (Read 908720 times)
damn, I wish I had fiat on gox now... the price is going up already. Once Europe and the US wakes up, the price will go up again..!
yeah, finally some good news.
let's see how the market will respond to this..!
let's see how the market will respond to this..!
update out!
https://www.mtgox.com/img/pdf/20140217-Announcement.pdf
"With this new system in place, MtGox should be able to resume withdrawals
soon. At the beginning we will do so at a moderated pace and with new daily/
monthly limits in place to prevent any problems with the new system and to take
into account current market conditions. "
"
In order to launch the new system, we are going through the following steps:"
"
-" Re-indexing the entire Blockchain (approx. 32 million entries)"
-" Fully deploying the new NTX ID"
-" Implementing a new bitcoin withdrawal queue that needs to be tested"
"
We will update everyone again by Thursday at the latest. "
https://www.mtgox.com/img/pdf/20140217-Announcement.pdf
"With this new system in place, MtGox should be able to resume withdrawals
soon. At the beginning we will do so at a moderated pace and with new daily/
monthly limits in place to prevent any problems with the new system and to take
into account current market conditions. "
"
In order to launch the new system, we are going through the following steps:"
"
-" Re-indexing the entire Blockchain (approx. 32 million entries)"
-" Fully deploying the new NTX ID"
-" Implementing a new bitcoin withdrawal queue that needs to be tested"
"
We will update everyone again by Thursday at the latest. "
>>but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
Last time they said "we will release an update moday", it was at 7 PM Tokyo time :
They must in great pain now for how to release the update.
Hi
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
a double-verification gox which in turn creates a double malleable transaction double spend and you wait double the time to see the funds land and double again to withdraw. i'm doubly confused now!
Hi
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
I have been with Gox since Jan 2014 and I always saw this message. The only deposits I have been making are through SEPA with my EURO account. I wanted to use my other accounts but I didn't want to go through the verification process with MoneyPolo.
Not sure why it was not showing in your account before. When did last try to deposit money? maybe you didn't see it.
Hi
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
does anyone knows why they have removed direct wire deposit to their account?
i ve seen they have added money polo
and you need to get verified by moneypolo to be able to deposit even if you have been verified by gox
so they are goxing u in a way or the other.......
What is a story behing this new btc withdraw queue?
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I don't know what the story is, but whenever bitcoin withdrawals on MtGox are open again (better to say: if ever), you will probably face the impacts of another technical problem of the bitcoin protocol much sooner as expected: the blocksize limit of 1MB. The protocol can't handle a flood of transactions right now. Even under normal conditions 500kb blocks have not been a rare case in the last months. When 1MB is reached even for a small period of time, transactions will pile up, miners/mining pools will have to restart the daemons every once in a while to clean up the memory pool, and valid transcations will get lost or not be processed. Transaction fees will eventually rise sharply. Furthermore, you won't be too happy when MtGox stops the service. Tranfers made between MtGox wallets don't go through the bitcoin network. A missing MtGox will result in much more real transactions and this will push the network nearer to the limit. I hope MtGox will be wise enough to make a withdrawal queue for bitcoin, wich carefully stacks up transcations and broadcasts them in a decent manner... but on the other hands, when have they ever been wise?
How does a newbie (with a max total of 3 posts) come up with a credible post about the impact?
says the guy with negative trust and a warning under his name...
>>but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
Last time they said "we will release an update moday", it was at 7 PM Tokyo time :
>>but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
the silence speaks volumes, as does trading platforms removing gox as their price-up comparison.
>>but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
withdrawals are reactivated. We will publish an update on the situation on
Monday .<<
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
It's 6 PM in Tokyo now. Where is the promised update?
What is a story behing this new btc withdraw queue?
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I don't know what the story is, but whenever bitcoin withdrawals on MtGox are open again (better to say: if ever), you will probably face the impacts of another technical problem of the bitcoin protocol much sooner as expected: the blocksize limit of 1MB. The protocol can't handle a flood of transactions right now. Even under normal conditions 500kb blocks have not been a rare case in the last months. When 1MB is reached even for a small period of time, transactions will pile up, miners/mining pools will have to restart the daemons every once in a while to clean up the memory pool, and valid transcations will get lost or not be processed. Transaction fees will eventually rise sharply. Furthermore, you won't be too happy when MtGox stops the service. Tranfers made between MtGox wallets don't go through the bitcoin network. A missing MtGox will result in much more real transactions and this will push the network nearer to the limit. I hope MtGox will be wise enough to make a withdrawal queue for bitcoin, wich carefully stacks up transcations and broadcasts them in a decent manner... but on the other hands, when have they ever been wise?
Transactions queue up, they get into blocks, and reasonably quickly get cleared out so your 'poolsz' gets back down to manageable levels (i.e. manageable being transactions getting through next block or so, most of the time)
This problem won't show up until a large company starts using bitcoin ... e.g. something like amazon or google or ...
That's when bitcoin will die.
This seems to be a much larger issue than malleability... do all the other coins have the same problem?
What is a story behing this new btc withdraw queue?
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I don't know what the story is, but whenever bitcoin withdrawals on MtGox are open again (better to say: if ever), you will probably face the impacts of another technical problem of the bitcoin protocol much sooner as expected: the blocksize limit of 1MB. The protocol can't handle a flood of transactions right now. Even under normal conditions 500kb blocks have not been a rare case in the last months. When 1MB is reached even for a small period of time, transactions will pile up, miners/mining pools will have to restart the daemons every once in a while to clean up the memory pool, and valid transcations will get lost or not be processed. Transaction fees will eventually rise sharply. Furthermore, you won't be too happy when MtGox stops the service. Tranfers made between MtGox wallets don't go through the bitcoin network. A missing MtGox will result in much more real transactions and this will push the network nearer to the limit. I hope MtGox will be wise enough to make a withdrawal queue for bitcoin, wich carefully stacks up transcations and broadcasts them in a decent manner... but on the other hands, when have they ever been wise?
Transactions queue up, they get into blocks, and reasonably quickly get cleared out so your 'poolsz' gets back down to manageable levels (i.e. manageable being transactions getting through next block or so, most of the time)
This problem won't show up until a large company starts using bitcoin ... e.g. something like amazon or google or ...
That's when bitcoin will die.
What is a story behing this new btc withdraw queue?
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I think they wont limit btc withdraw but introduce this new delay tactic. Horrible. When will nightmire end.
I don't know what the story is, but whenever bitcoin withdrawals on MtGox are open again (better to say: if ever), you will probably face the impacts of another technical problem of the bitcoin protocol much sooner as expected: the blocksize limit of 1MB. The protocol can't handle a flood of transactions right now. Even under normal conditions 500kb blocks have not been a rare case in the last months. When 1MB is reached even for a small period of time, transactions will pile up, miners/mining pools will have to restart the daemons every once in a while to clean up the memory pool, and valid transcations will get lost or not be processed. Transaction fees will eventually rise sharply. Furthermore, you won't be too happy when MtGox stops the service. Tranfers made between MtGox wallets don't go through the bitcoin network. A missing MtGox will result in much more real transactions and this will push the network nearer to the limit. I hope MtGox will be wise enough to make a withdrawal queue for bitcoin, wich carefully stacks up transcations and broadcasts them in a decent manner... but on the other hands, when have they ever been wise?
Have you raised the issue to Gox about that? or with other core developers? what is their reaction to this?
[...]
I really hope they master their obstacles and proove enough financial know how to stick to legal laws. Otherwise the next blow to Bitcoins is pre-programmed.
Good post. So far the best obstacle mastered was the screwed customer with a sign.
Goxman used the "I am walking through you" technique. A true nerdmaster push move and the dude gave way. He didn't trip him or even smack his coffee, he just acknowledged the 'nerd push' and let Goxman inside wit coffee and 'brella. Priceless.
Anyway I am still bullish and long all crypto. But this is how nerds act 'bitchy' with one another. Just like this.
coini you are a prophet 
now tell us if the 1MB block limit will kill BTC, because it does not allow a large number of transactions? how can btc work 5 years from now when the normal throughput of transactions will be much higher than today?
What? Despite the existence of transaction fee's (https://en.bitcoin.it/wiki/Transaction_fees) the Bitcoin network can't cope with bigger throughput of transactions now tell us if the 1MB block limit will kill BTC, because it does not allow a large number of transactions? how can btc work 5 years from now when the normal throughput of transactions will be much higher than today?
I hardly believe that. Isn't it that way: who pays the most fee will be priorized first. Can anyone agree on Bitcoin either failing with bigger throughputs of transactions or it just creates the need to increase the fee ?could you take your newbie talk somewhere else, please?
IT´S ON!!!
"MtGox: We are proud to announce that we have fixed all the problems, and the price will be readjusted to 1200$(where it belongs). Howewer, unfortunately all our personal wallets have been deleted during the fixing process,
but we can assure you that nothing has been stolen. Deposits are now enabled again. As an excuse we offer free trading fees for the first 6 hours of tomorrow. We thank you for your patience and loyalty and are looking forward to provide our service for you"
Best Wishes
Mt.Gox Team
"MtGox: We are proud to announce that we have fixed all the problems, and the price will be readjusted to 1200$(where it belongs). Howewer, unfortunately all our personal wallets have been deleted during the fixing process,
but we can assure you that nothing has been stolen. Deposits are now enabled again. As an excuse we offer free trading fees for the first 6 hours of tomorrow. We thank you for your patience and loyalty and are looking forward to provide our service for you"
Best Wishes
Mt.Gox Team
wouldn't touch it with yours fonzie.
IT´S ON!!!
"MtGox: We are proud to announce that we have fixed all the problems, and the price will be readjusted to 1200$(where it belongs). Howewer, unfortunately all our personal wallets have been deleted during the fixing process,
but we can assure you that nothing has been stolen. Deposits are now enabled again. As an excuse we offer free trading fees for the first 6 hours of tomorrow. We thank you for your patience and loyalty and are looking forward to provide our service for you"
Best Wishes
Mt.Gox Team
"MtGox: We are proud to announce that we have fixed all the problems, and the price will be readjusted to 1200$(where it belongs). Howewer, unfortunately all our personal wallets have been deleted during the fixing process,
but we can assure you that nothing has been stolen. Deposits are now enabled again. As an excuse we offer free trading fees for the first 6 hours of tomorrow. We thank you for your patience and loyalty and are looking forward to provide our service for you"
Best Wishes
Mt.Gox Team
coini you are a prophet
now tell us if the 1MB block limit will kill BTC, because it does not allow a large number of transactions? how can btc work 5 years from now when the normal throughput of transactions will be much higher than today?
What? Despite the existence of transaction fee's (https://en.bitcoin.it/wiki/Transaction_fees) the Bitcoin network can't cope with bigger throughput of transactions now tell us if the 1MB block limit will kill BTC, because it does not allow a large number of transactions? how can btc work 5 years from now when the normal throughput of transactions will be much higher than today?
I hardly believe that. Isn't it that way: who pays the most fee will be priorized first. Can anyone agree on Bitcoin either failing with bigger throughputs of transactions or it just creates the need to increase the fee ?could you take your newbie talk somewhere else, please?
Jump to: