and its crashing on BitStamp as well,
Bitcoin price:
$489.48
good time to transfer funds and wait for the bottom to buy?
Topic: MtGox withdrawal delays [Gathering] - page 98. (Read 908720 times)
Apparently the Foundation has weighed in: http://www.businessinsider.com/reports-mtgox-halts-all-trading-2014-2
Gox's website is now offline as well, serving a blank homepage.
Confirmed at 00:27 GMT -3holy shit...
is this really the end? or could it mean that they are restarting their system (incredible wishful thinking)?
You kiddin? Lawyers haven't even put down their lobster bisque yet. Hold long.
bitcoinbuilder is now at 0.075
Gox's website is now offline as well, serving a blank homepage.
Confirmed at 00:27 GMT -3holy shit...
is this really the end? or could it mean that they are restarting their system (incredible wishful thinking)?
Quote
At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.
Edit: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
personally i don't believe that this could happen as there would be checks on the cold wallets if they really burned through that amount. That would add up to 100s of coins every single day of gox's existence. I'm not saying a large amount of funds isn't missing, I just don't believe it could amount to that much.
Also, I can't find the original source for this claim anywhere..just reposts of the claim
Really a ridiculous document. It appears to be asking the aid of the Bitcoin community so that Mt.Gox can start fresh.
Mt.Gox is just an exchange, one of many exchanges. Why should the Bitcoin community care if it goes under?
744k BTC... Hmmyep. Definitely they need better IT workers. Oh well.
Gox's website is now offline as well, serving a blank homepage.
http://blog.coinbase.com/post/77766809700/joint-statement-regarding-mtgox
mt gox denounced by reputable exchanges as being a bad actor while obvious gox will drag bitcoin to the grave until there is regulation bitcoin is doomed to pariahs like mt gox and fat fuck karpeles.
mt gox denounced by reputable exchanges as being a bad actor while obvious gox will drag bitcoin to the grave until there is regulation bitcoin is doomed to pariahs like mt gox and fat fuck karpeles.
perhaps they suspended trading as a knee-jerk reaction to the scribd "crisis" article.
cheers,
kev
cheers,
kev
MT GOX plat form stop trading from 2 am (greenwich time)
just one hour ago!!!!
what happen???
no announcement issue for MTGOX website!!!
just one hour ago!!!!
what happen???
no announcement issue for MTGOX website!!!
Quote
At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.
Edit: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
personally i don't believe that this could happen as there would be checks on the cold wallets if they really burned through that amount. That would add up to 100s of coins every single day of gox's existence. I'm not saying a large amount of funds isn't missing, I just don't believe it could amount to that much.
Also, I can't find the original source for this claim anywhere..just reposts of the claim
Trading on Gox appears to have been down for about 45 minutes...
Quote
At this point 744,408 BTC are missing due to malleability-related theft which went unnoticed for several years.
Edit: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
I must say that today I received a EUR 10,000 withdrawal that has been pending on MtGox from Jan 5 this year. Have some other withdrawals pending, but also reinvested some money in BTC at current low prices. I think bitcoin in the longer run will survive, so if Mt Gox also survives or is taken over by a competitor I might have decent gains on my last investments. If they don't suvive then I'm not convinced that I will recover a larger percentage of my cash than of my coins. If the coins then go back to the average value on the other exchanges, it might be better to be in coins. Or am I making a mistake in my reasoning?
I think you have done the right thing.
I believe Bitcoin exchanges are un regulated– there is nothing stopping Mt gox buying bitcoins at about $170 – transfer bitcoins to bitstamp and sell for $570 and bring the money back into the mtgox . (Then repeat this process)
– Then reopen the exchange – when they have enough funds to pay every one
thats hogwash...nobody sells them btc for 170 dollars...they ( and cronies) are selling cause they know its over !
I don't know whether to laugh or cry...
http://valleywag.gawker.com/if-you-have-bitcoin-in-mt-gox-you-are-probably-fucked-1529946212
http://valleywag.gawker.com/if-you-have-bitcoin-in-mt-gox-you-are-probably-fucked-1529946212
this article just seems to repeat what we already knew a day or so ago though. When even Coindesk start publishing (slightly) good news about gox though, that's when I sit up & listen.
Final paragraph they reference Charlie Shrem's reddit post:
http://www.coindesk.com/japan-regulators-mt-gox-intervention-unlikely/
http://www.reddit.com/r/Bitcoin/comments/1yre42/mt_gox_ceo_resigns_from_bitcoin_foundation/cfn38sq
I don't know whether to laugh or cry...
http://valleywag.gawker.com/if-you-have-bitcoin-in-mt-gox-you-are-probably-fucked-1529946212
http://valleywag.gawker.com/if-you-have-bitcoin-in-mt-gox-you-are-probably-fucked-1529946212
Agree. Mark could also tap into the anti-Bitcoin Foundation crowd as potential customers.
hehe
Mark will do everything just to dump the price and get cheap BTC 
Mark Karpeless is a bad dream of Bitcoin...Need to wake up!
Karpeles resigning and the reset Twitter accounts is because Karpeles will announce this week that he will no longer be the CEO of MtGox. There will be a professional CEO at the head of Gox who will (try to) make MtGox again a succesfull exchange.
I have no insider info, just my guess.
I have no insider info, just my guess.
Wishful thinking. I don't know what will happen but this appears unlikely to me. I can see three scenarios:
- Hard bankruptcy, remaining fiat and bitcoins are shared out in proportion after losses are deducted
- Takeover by another company with deep coffers (not too likely, in my view, because Mt. Gox does not look very attractive)
- Mt. Gox wriggles through and comes out solvent, perhaps barely solvent, and continues to pay out slowly (also wishful thinking, but not entirely impossible).
The loss of reputation would be difficult to reverse, so I find it hard to see any rosy future for Mt. Gox.
Agree with your points although I don't think Gox would be that unattractive. An outside investor would see a huge client base and an opportunity to turn things around.
There could be a lot of value unlocked if MtGox could regain a trustworthy image, no question. Huge client base, the brand, the contracts and the profitable operations. I hope it won't take a square full of people with bats to dethrone the fool.
Agree. Mark could also tap into the anti-Bitcoin Foundation crowd as potential customers.
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