Topic: MtGox withdrawal delays [Gathering] - page 151. (Read 908727 times)

in otherwords still broke the other exchanges didn't have 200 dollar markups nor a 6,000 transaction runs gox will still not release withdrawls and strudel and tcvx will sill be making profitable buisness ignored tvbc as well since i believe he offered .50 on the dollar as well as strudle.

http://www.coindesk.com/jpmorgan-report-bitcoin-inferior-fiat-currency/

“Recall that currencies don’t become widely used spontaneously or through a grassroots campaign. They become widely used nationally because a government declares them legal tender, and they become widely used internationally because they are legal tender in a significant economic area with large, unrestricted capital markets.”

Essentially the shithead DDOSers are forcing a wedge into the network, ongoing, based on how well each exchange has secured its transactions against corruption.

So it's a DDOS wedge, but it won't hold up, and when it stops, Gox will be fine or as fine as it ever was, LOL.

Arbitragers so sad, but just chill, BTC is a 30 year gameboard.

Well now that's a good 72 hour response.  DERP all round.

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

Why doesn't Gox allow BTC conversion into some crypto which can be sent to a functioning exchange with good IT people?  Why the snobbery as to BTC being immutable into other coins?  

My main reason for hating an exchange is limiting my freedom.  So my < 1 BTC at Gox is held hostage, yes, but it's not gone, just captured.  What now?  I would convert it to [censored]coin right at Gox, if they had anything other than BTC.

Is it safe to say that if we assume that MtGox and the other exchanges are facing the same issue, if Bitstamp is able to fix the problem in their designated time frame (24-72 hours) and resume withdrawals, MtGox will be able to do the same?

put strudle on ignore, when is gox next announcement on withdrawl issue?

[...]

I think MtGox may have a point after all.  And for the claim that other exchanges work fine:  I think not.

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

[...]

Antonopoulos, who is the chief security officer of Blockchain.info said a DDoS attack is taking Bitcoin’s transaction malleability problem and applying it to many transactions in the network, simultaneously.

“So as transactions are being created, malformed/parallel transactions are also being created so as to create a fog of confusion over the entire network, which then affects almost every single implementation out there,” he added.

Antonopoulos went on to say that Blockchain.info’s implementation is not affected, but some exchanges have been affected – their internal accounting systems are gradually going out of sync with the network.

Agreed. Mtgox should have halted trading before halting withdrawals of BTC. Obvious market manipulation while MTGOX collects fees on every trade. Utter BS.

16:35 < amantonop> Andreas M. Antonopoulos here, from blockchain.
16:35 < amantonop> We are detecting bot activity attempting to exploit the
                   TX-Malleability issue
16:37 < amantonop> I am acting as incident coordinator for blockchain.info and
                   we require assistance from the core developers.
16:37 < petertodd> amantonop: howdy
16:37 < amantonop> Hi Peter
16:37 < petertodd> amantonop: bc.i lets users spend unconfirmed outputs?
16:37 < amantonop> No the issue is not affecting customer wallets
16:37 < petertodd> amantonop: ah good
16:38 < petertodd> amantonop: what is the issue for you then?
16:38 < amantonop> Can you contact me on skype so I can explain in less public forum?
16:38 < petertodd> amantonop: sure

16:44 < Luke-Jr> BB-Martino: bad in what sense?
16:45 < BB-Martino> Bad in the sense that you can't really trust TXIDs. For
                    example if someone sends coins somewhere and it doesn't get
                    credited, and he wanted to post a TXID to prove it's there,
                    it'd be problematic.
16:46 < BB-Martino> My "" account growing more and more negative by every hour
                    is also bad.
16:47 < Luke-Jr> BB-Martino: you're not supposed to "trust" txids.
16:48 < Inception> Hi. Can anyone confirm there is a possible malled tx attack
                   in progress?
16:49 < Inception> we are getting this:  Error: The transaction was rejected!
                   This might happen if some of the coins in your wallet were
                   already spent, such as if you used a copy of wallet.dat and
                   coins were spent in the copy but not marked as spent here.
16:49 < helo> no such thing afaik
16:49 < Inception> we are 100% sure the wallet has no other copy
16:49 < Inception> and we just ran the resync. the problem appeared again
                   shortly
16:49 < BB-Martino> Luke: it's not about trust, maybe I put it wrong. It makes
                    debugging really hard.
[...]
17:24 < epscy> BB-Martino: i'm not a user of your site (BitBargain?), but I
               think most users would understand
17:25 < BB-Martino> for a while, yes
17:25 < BB-Martino> but for weeks, i'm not so sure
17:25 < epscy> BB-Martino: tx maleability has been highlighted since gox raised
               it in their press release, it's likely lots of people are now
               trying to exploit it against every bitcoin service
17:26 < BB-Martino> yes, i see that in my default balance.
17:26 <@jgarzik> yep
17:26 < BB-Martino>     "" : -21.08554493,
17:26 < BB-Martino> OH WOW!
17:26 < BB-Martino> it was only -7 yesterday
17:27 < BB-Martino> WAIT WHAT !@#?!@?#!?@#!?@#
17:27 < BB-Martino> btc@nl:~$ bit getbalance
17:27 < BB-Martino> 345.75519626
17:27 < BB-Martino> btc@nl:~$
17:27 < BB-Martino> it's supposed to be 176.33
17:27 < BB-Martino> my accounting is completely screwed.
17:27 < BB-Martino> GREAT.

I slowly start to believe that this is the stalemate we'll be in for months to come, if not forever.
Some might argue that we actually have been for some time already.