Author

Topic: MtGox withdrawal delays [Gathering] - page 154. (Read 908613 times)

member
Activity: 62
Merit: 10
February 11, 2014, 07:07:23 AM
So maybe someone can explain me this. If i check the mtgox orderbook on bitcoinity it seems there isn't much left. Only 607 BTC in sell orders and even less in buy orders. Is that right? They still have some volume so that's just BTC vs USD going around in circles it seems. And Gox taking a fee every trade...

EDIT: Never mind, the bitcoinity charts on the blockchain website don't show the orderbook. On bitcoinity website it shows the lot.

And on another note, has someone had SEPA withdrawals processed since friday? Gox claims that is still working. Would be nice to see some proof of that in this thread.
legendary
Activity: 1148
Merit: 1018
February 11, 2014, 06:45:15 AM
If I had imported a private key on Gox previously, is that by definition an "internal wallet"?

I think yes, AFAIK you are just swiping the imported address to a Gox internal address
legendary
Activity: 1600
Merit: 1014
February 11, 2014, 06:41:58 AM
If I had imported a private key on Gox previously, is that by definition an "internal wallet"?
legendary
Activity: 1148
Merit: 1018
February 11, 2014, 06:39:26 AM
you suck very hard at Bitcoin risk management.

Or risk management in general. That's why I am so poor and miserable.

Its obvious that everybody who invested in BTC in 2012 is doing pretty well. Honestly, you don't need to be a mastah tradah to do that, being in the "right place at the right moment" plus a little bit of intuition will just do the trick.

But I wonder how you didn't see this coming. Its clear since June/July that Gox was going to fuck up really hard.

BTW, did Sturle honor his offer to buy your emptygoxBTC at 90%?
donator
Activity: 1722
Merit: 1036
February 11, 2014, 06:33:07 AM
you suck very hard at Bitcoin risk management.

Or risk management in general. That's why I am so poor and miserable.
sr. member
Activity: 465
Merit: 254
February 11, 2014, 06:23:08 AM
The goxlag shot to 2 minutes solely as a result of my order. Before the order it was ~1 second.

My hunch is that goxlag is operated auto-manually.

At 9:57 I enter a market order to buy 700 bitcoins. The goxlag is about 2 minutes, after which I learn that I only get like 470 bitcoins.

I guess I misunderstood what you were saying then...

My point is that sturle is probably the one right now with most money tied up at Mt. Gox, that is why you have to respect him. He is putting his money where his mouth is. He also seems to have put a lot of time into doing research about the situation. If he really was such a shady character as some of you try to make him out to be, he surely could have caused a lot more trouble for everyone listening to him.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 11, 2014, 06:12:45 AM
Rpietila, I agree what Gox is doing is criminal and Sturle's shilling is highly suspicious, but let me tell you that you suck very hard at Bitcoin risk management.

First you bring an unsecured laptop without password and with thousands of bitcoins on it to a "BTC millionaires gathering" that had been viciously advertised all over the Internet. Then you store hundreds of BTC in a place which has been giving clear insolvency signals since April.

Serious Risto, Wtf?

People who make bitcoin price predictions with two pages posts , who keep talking like they know everything about trading about how bitcoins works and how the future will unfold , do make children mistakes and lose all their bitcoins.

Giving advice is one , securing your own stash is something different.
legendary
Activity: 1148
Merit: 1018
February 11, 2014, 05:27:13 AM
Rpietila, I agree what Gox is doing is criminal and Sturle's shilling is highly suspicious, but let me tell you that you suck very hard at Bitcoin risk management.

First you bring an unsecured laptop without password and with thousands of bitcoins on it to a "BTC millionaires gathering" that had been viciously advertised all over the Internet. Then you store hundreds of BTC in a place which has been giving clear insolvency signals since April.

Serious Risto, Wtf?
full member
Activity: 123
Merit: 100
February 11, 2014, 05:10:37 AM
Just wanted to chime in and say that joshbb seems very trustworthy to me. I have been using his bitmadness site a lot and it is awesome. Will be depositing 5BTC to his exchange and hope we can get a market going over there.

Awesome, thanks for the vote of confidence! And I hope so too!  Smiley
donator
Activity: 1722
Merit: 1036
February 11, 2014, 05:04:57 AM
He has pretty much been telling everyone here exactly what he is doing and still managed to own a lot of people pretty hard.

No. Everybody following sturle's advice still has their value tied up in Gox, which at this point equals to theft, with the caveat that the thief may at his sole discretion give the funds back, but has until now shown no inclination to do so (to the general public me included at least).

Quote
By the way here is a timeline of how he explained the situation you are complaining about, hope it makes things more clear:
1. Mt gox lag goes to 1 minute.
2. Sturles bot pulls his orders.
3. Mt gox lag goes to 2 minutes.
4. You place your market order, still seeing the bots order in the book because of the lag, but it has already been removed.

The goxlag shot to 2 minutes solely as a result of my order. Before the order it was ~1 second.

My hunch is that goxlag is operated auto-manually.

Even if not, Sturle confessed that his bot has priority access to remove the orders when goxlag hits a certain threshold, without regard that the lag is caused by a single market order under execution. To even program your trading engine so as to enable this feature, requires evil imagination.

Check the logs, it is all public, and I even took screenshots. Next time anyone do a critical market order, take a screenvideo. That'll teach them  Angry
legendary
Activity: 1162
Merit: 1004
February 11, 2014, 04:55:34 AM
@rpietila
You really need to take a few deep breaths.

I totally agree with you that Mt. Gox is a bunch of liars and running their exchange in an immoral way. However, sturle has been 100% up front with everything. He has pretty much been telling everyone here exactly what he is doing and still managed to own a lot of people pretty hard. Most in his position would try to spread even more fear and try to move the price in a way that would make them the most profit. Sturle has done the opposite (even though he is probably the person in this thread who could cause the biggest panic by starting to say negative stuff about gox) and for that he deserves a good amount of respect.


Deserves zero respect. Rpietila is right. Sturle defended the criminal business behavior of the notorious liars at any time.
newbie
Activity: 42
Merit: 0
February 11, 2014, 04:51:13 AM
MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers.

Dear Mark, What will best serve me,as your customer, is that you get your act together and find a quick workaround like all other exchanges to finally process btc withdrawals.

But am sure you'll keep saying we ain't doing nothing till bitcoin is forked!

+1  my funds have been held hostage since jan 27  since I paid 25 percent markup to these scum and have gone down from 820 to 620 mark you are raping your cutomers ty for your understanding.

Bawwwwwwww you did not get a 20% arbitage with 0% risk, keep crying louder and louder you big wuss. You realise there wouldn't be a markup if there were no withdrawal problems in the first place? You bought yourself into a risky situation and can't handle it, no one is sad for you.

rpietila being the other huge wuss, SUEYOUSUEYOU CUZ IM MURCAN AND SUE ERRYTHANG, sturle must be crapping his pants in Norwegia.

Do you guys actually realise, that there are hundreds of thousands of mtgox users, and yet all we can see is the same 5 nicks crying 24/7? Yes, to us, you are the idiots who keep spreading fud and keep ignoring the facts.
sr. member
Activity: 465
Merit: 254
February 11, 2014, 04:45:44 AM
Josh, This is a great idea but I'm not sure you're trustworthy enough as a counterparty. This is kinda a tricky problem to solve with current tech.

Just wanted to chime in and say that joshbb seems very trustworthy to me. I have been using his bitmadness site a lot and it is awesome. Will be depositing 5BTC to his exchange and hope we can get a market going over there.
sr. member
Activity: 465
Merit: 254
February 11, 2014, 04:40:44 AM
@rpietila
You really need to take a few deep breaths.

I totally agree with you that Mt. Gox is a bunch of liars and running their exchange in an immoral way. However, sturle has been 100% up front with everything. He has pretty much been telling everyone here exactly what he is doing and still managed to own a lot of people pretty hard. Most in his position would try to spread even more fear and try to move the price in a way that would make them the most profit. Sturle has done the opposite (even though he is probably the person in this thread who could cause the biggest panic by starting to say negative stuff about gox) and for that he deserves a good amount of respect. I do not think the banksters you are comparing him to would do that.

By the way here is a timeline of how he explained the situation you are complaining about, hope it makes things more clear:
1. Mt gox lag goes to 1 minute.
2. Sturles bot pulls his orders.
3. Mt gox lag goes to 2 minutes.
4. You place your market order, still seeing the bots order in the book because of the lag, but it has already been removed.

legendary
Activity: 1162
Merit: 1004
February 11, 2014, 04:33:46 AM
Sturle: I wonder if you are paid to take Gox's side on EVERYTHING or if your shilling is just a twisted way to protect your business which I assume relies on Gox.

But the more I think about it the more the latter doesn't make any sense, as its pretty obvious that the only way to protect your business was to move out from Gox months ago.

Goxed and sturled. You can congratulate everyone who listened to the advice of this company of clowns and their useful idiots. (expressed in sturles words and lyrics)

Remember now to them we are the "manipulators" as well as useful idiots.  Grin

Yes, it's called the transvaluation of all values. (German: Umwertung aller Werte):

http://en.wikipedia.org/wiki/Transvaluation_of_values
full member
Activity: 123
Merit: 100
February 11, 2014, 04:27:08 AM
Josh, This is a great idea but I'm not sure you're trustworthy enough as a counterparty. This is kinda a tricky problem to solve with current tech.

Yeah, that is the big question of course.. I'd figure maybe my reputation would be enough for some people but probably not for everybody!
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
February 11, 2014, 04:10:28 AM
Sturle: I wonder if you are paid to take Gox's side on EVERYTHING or if your shilling is just a twisted way to protect your business which I assume relies on Gox.

But the more I think about it the more the latter doesn't make any sense, as its pretty obvious that the only way to protect your business was to move out from Gox months ago.

Goxed and sturled. You can congratulate everyone who listened to the advice of this company of clowns and their useful idiots. (expressed in sturles words and lyrics)

Remember now to them we are the "manipulators" as well as useful idiots.  Grin
newbie
Activity: 7
Merit: 0
February 11, 2014, 04:06:17 AM
Yakuza?
full member
Activity: 181
Merit: 104
February 11, 2014, 04:02:31 AM
Josh, This is a great idea but I'm not sure you're trustworthy enough as a counterparty. This is kinda a tricky problem to solve with current tech.
donator
Activity: 1722
Merit: 1036
February 11, 2014, 03:52:09 AM
Todays gold at #mtgox - remember to pop popcorn before entering..

On "manual" withdraws and the 5% manual withdraw  (normal) fee:

<@SarahCoinBit> zewelor It's complicated as to who can use it and who can not so we deal  with people individually on it instead

On the need for making public announcements on their website and not just on IRC:

09:49 <@SarahCoinBit> zewelor IRC gets copied and pasted all over the internet. It is not a  secret because it is only on IRC and not the website

On the current SEPA queue:

09:53 <@SarahCoinBit> Saykor SEPA are still being processed.  I think the queue is 5 to 6 weeks,  maybe less for smaller ones

Yes, SarahCoinBit actually works for MtGox. From the UK, of course.

Yes, giving some people the access of their money, and other people no access, IS A CRIME.

Yes, giving different information to different customers, so that some of them can profit financially on the expense of others, IS A CRIME.

Yes, lying in the age of open Internet is fucking distasteful. What are you waiting for? No matter how much time passes and how much money you can suck from your victims, you are still a bunch of lying bastards AND CRIMINALS. (That is, unless "justice" system is meanwhile completely overhauled to prosecute only victimless "crimes" instead of the real ones where the criminal does harm others.. )


Ah you (sturle) were so smart as to have prioritized address to the trading system so that you can pull your orders in the middle of my market buy execution? How smart you are, congratulations. Listen now, asshole: I also operate a silverbank, and know what is an honest way to design such systems, and not by a frigging long-shot would there be such an exploit that you mentioned!!! You are so deep in your crime that you deny even realizing it, making you such a sad clown in everyone's eyes who have a shred of sense of justice left.

I got your name and address, but this part of the message is still not discussed through. I am calling Mt.Gox and you CRIMINALS, which means that you are BREAKING EXISTING LAWS with your procedures regarding ability to get value out of Mt.Gox, in that they are designed, informed and applied discriminator(il)y between customers. Also the trading software allows for blatant manipulation of the trading, making it unpredictable for a customer even to know the outcome of a market order in advance! (I am in no way claiming that this was the most incredulous purposeful misexecution in your history, but this was the very trigger that caused the buy panic in Jan 26, which caused the withdrawal panic, which caused the lockdown.)

That is the thing that worries me the most: (Moral considerations aside), I would not dare to steal money from such many such important people as you are continuously stealing from with your machinations. This makes me believe that you are for all practical purposes under the same control as the (central) banks, known to ream people's ass with the expansion and contraction of credit ever since 1800s and before. Your workings resemble the workings of the installed puppets that claim to be our elected representatives. Sturle speaks like a fucking banker.

I am actually waiting for an answer. The time of silently stealing from widows, orphans and the working class is soon coming to an end.



ADD: To show how you should deal with a situation when it is not clear (due to fire, flood, theft, hack, seizure, external pressure, technical or organizational problem) that you can immediately pay all customers what you have promised or lead them expect that will be paid, thus causing discrimination between clients:

Quote
III.2 Special situations

Force Majeure is a negative condition outside of the influence of the Merchant. Such includes, but is not limited to: war or riot, act of God, interruption of public transport, public communications or electricity supply, crime or attempted crime, act or order by authority, strike, lockout, boycott or other such activity, or a force majeure condition affecting a subcontractor. Suppliers of silver, however, are excluded from "subcontractors", and difficulties of the suppliers of silver will not have any impact on Merchant, Vault or Customers.

Merchant must immediately inform, by email, the Customers, if force majeure applies or ceases to apply.

As a result of force majeure, all or part of the Vault may not be in 100% control of the Merchant and thus not deliverable. To avoid any discrimination between the Customers, the following will happen:

Merchant immediately determines the amount of Coins still in Vault and in Merchant's control. This is prorated to Customers in their current accounts. The difference between previous and new balance will be credited to a new, "frozen" account. When the control to the Coins is re-established, the frozen account balance will be merged to the current account. This procedure ensures that Purchase, Withdrawal, Instant Withdrawal, Transfer and Pick-up activities can be continued in current accounts with no risk of actual or anticipated Coins deficit in the Vault. In other words, the Coins representing the balances of Accounts that the Customer can operate, are 100% controlled by the Merchant and usable by the Customers, even during force majeure.
Jump to: