MtGox withdrawal delays [Gathering] - page 71.

zyk

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Quote from: Rampion on March 03, 2014, 07:06:04 AM

Quote from: Lohoris on March 03, 2014, 06:50:56 AM

Quote from: mayax on March 02, 2014, 05:11:43 PM

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public:

https://twitter.com/nejc_kodric
http://www.crunchbase.com/person/nejc-kodric
http://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299
http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmap

Plus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name...

And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric.

Only that it would be dump not to let some hack happen and run with that much money if you watch like Mark is coming out of this!

And if not doing fractional then why not keeping the trades in the blockchain ? Nah..of course that would take tooooo long for speculating fucktards Wink

Rampion

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Quote from: Lohoris on March 03, 2014, 06:50:56 AM

Quote from: mayax on March 02, 2014, 05:11:43 PM

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public:

https://twitter.com/nejc_kodric
http://www.crunchbase.com/person/nejc-kodric
http://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299
http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmap

Plus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name...

And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric.

Lohoris

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Bitgoblin

Quote from: grifferz on March 03, 2014, 03:49:34 AM

Quote from: Squeaker on March 02, 2014, 08:08:26 PM

about the only thing that keeps pushing bitcoin prices up, is the cost of the hashpower to find each coin, and as more people keep adding more, it'll just keep going up.

So would you argue that if you spend $5mil creating a bronze bust of Mark Karpeles that you will be able to sell it for at least $5mil?

I don't think supply and demand works that way.

It "works that way" IF all the involved people are acting rationally.
i.e. if you know that you will be likely able to sell it, then you create it, and not the other way around.

Lohoris

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Bitgoblin

Quote from: mayax on March 02, 2014, 05:11:43 PM

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

grifferz

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Quote from: Squeaker on March 02, 2014, 08:08:26 PM

about the only thing that keeps pushing bitcoin prices up, is the cost of the hashpower to find each coin, and as more people keep adding more, it'll just keep going up.

So would you argue that if you spend $5mil creating a bronze bust of Mark Karpeles that you will be able to sell it for at least $5mil?

I don't think supply and demand works that way.

TheFootMan

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Quote from: Nagle on March 02, 2014, 06:38:51 PM

Quote from: lightfoot on March 02, 2014, 12:22:46 PM

The real fun part is when someone gets the email addresses of these Gox users and starts setting them up for some *real* fraud.

I suspect that's what http://www.mtgoxrecovery.com is doing. They're collecting email addresses of Gox users, and claiming to "assist" them in recovery. But they don't have a name, an address, or phone number. Their domain name is registered anonymously. They claim to have an attorney, but don't say who it is.

Do not give "mtgoxrecovery" any account or identity information.

Good call. You could always fake the data though, just to be kept in the loop.

itsunderstood

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American1973

itsunderstood

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American1973

itsunderstood

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American1973

wB`

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here is a link to a phone call to the mt gox call center.

.http://www.youtube.com/watch?v=6HJt-MpoTP4

and another interesting article

http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

Petopas

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you could run a ponzi with any kind of currency. but that doesn't mean the currency as a whole is a ponzi. the author is right about ponzi schemes except the conclusion regarding btc. It underlines though the need for more transparent exchanges with proof of 100% non-fractional reserve business model or even a decentralized exchange.

Squeaker

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about the only thing that keeps pushing bitcoin prices up, is the cost of the hashpower to find each coin, and as more people keep adding more, it'll just keep going up.

there will be a point (again) where the price falls to the point where people are shutting their now-unprofitable miners, or the reward is so small, and transaction fees so small, that it isn't profitable to continue mining with the power we have now, and that will also shrink the network.

using bitcoin over the very long term as a store of wealth, would not be a good idea with that in mind.

bitcoin's worth would be for purchasing some for a transaction you will make soon, and the recipient cashing back out.

the 'whales' will be those that are willing to hold the unused coin until it is needed.

somebody, somewhere, has to hold quantities of them, after all.

=squeak=

Petopas

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Quote from: zyk on March 02, 2014, 07:35:23 PM

Quote from: roslinpl on March 02, 2014, 06:53:00 PM

Quote from: zyk on March 02, 2014, 06:35:50 PM

http://www.marketoracle.co.uk/Article44588.html

I don't like this article, I like only what they say about ponzi (all ponzi players should read)

Anyway

thanks for a link.

Cheers!

every currency is and as such BTC is a Ponzi as well...

that's what I thought as well. eg the fact, that btc have solely an abstract mathematical/cryptographical value instead of any tangible value like any common raw material is actually one of the inventive advantages and not a downside. the author of the article clearly didn't understand the vision of creating a common standard value valid throughout the universe, entirely indepedent of place and materia. maybe the current exchange rates are a bit overpriced compared to the pile of difficulties the btc network is going through right now. but all the arguments in the article are plain old and apply to any other currency as well. If there'd be any flaw in the mathematical structure of btc I'd be scared but not of that kind of tunnel vision.

zyk

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Quote from: roslinpl on March 02, 2014, 06:53:00 PM

Quote from: zyk on March 02, 2014, 06:35:50 PM

http://www.marketoracle.co.uk/Article44588.html

I don't like this article, I like only what they say about ponzi (all ponzi players should read)

Anyway

thanks for a link.

Cheers!

every currency is and as such BTC is a Ponzi as well...

roslinpl

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Quote from: zyk on March 02, 2014, 06:35:50 PM

http://www.marketoracle.co.uk/Article44588.html

I don't like this article, I like only what they say about ponzi (all ponzi players should read)

Anyway

thanks for a link.

Cheers!

Nagle

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Activity: 1204

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Quote from: lightfoot on March 02, 2014, 12:22:46 PM

The real fun part is when someone gets the email addresses of these Gox users and starts setting them up for some *real* fraud.

I suspect that's what http://www.mtgoxrecovery.com is doing. They're collecting email addresses of Gox users, and claiming to "assist" them in recovery. But they don't have a name, an address, or phone number. Their domain name is registered anonymously. They claim to have an attorney, but don't say who it is.

Do not give "mtgoxrecovery" any account or identity information.

zyk

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Activity: 224

Merit: 101

http://www.marketoracle.co.uk/Article44588.html

zyk

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Merit: 101

Quote from: mayax on March 02, 2014, 05:11:43 PM

Quote from: zyk on March 02, 2014, 05:07:37 PM

crash?...are withdrawls now entirely halted?

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

So all bitcoiners who will lose out on this game of musical chairs are to be faulted....after all they should have known that on

an exchange you can only get fractional bookentries not real bitcoins.....GTFO before the whales try to withdraw !

mayax

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Quote from: zyk on March 02, 2014, 05:07:37 PM

crash?...are withdrawls now entirely halted?

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

zyk

full member

Activity: 224

Merit: 101

crash?...are withdrawls now entirely halted?

Topic: MtGox withdrawal delays [Gathering] - page 71. (Read 908727 times)