Topic: MtGox's DEATH - Bitcoin headed towards darkness? (Read 8323 times)
The Bitcoin devs have already come out to say Gox is full of it, and the problem is 100% on their end for not fixing a gaping hole in their infrastructure that has been known for years.
No matter, the damage is already done, as soon as people can get their coins out (if ever), the exchange will be deserted.
No matter, the damage is already done, as soon as people can get their coins out (if ever), the exchange will be deserted.
I guess they are crawling back to under that rock they like so much.
Bitcoin Exchanges Under ‘Massive and Concerted Attack
Looks like IT IS a problem.
The Bitcoin devs have already come out to say Gox is full of it, and the problem is 100% on their end for not fixing a gaping hole in their infrastructure that has been known for years.
No matter, the damage is already done, as soon as people can get their coins out (if ever), the exchange will be deserted.
No matter, the damage is already done, as soon as people can get their coins out (if ever), the exchange will be deserted.
Recently released MtGox´s statement at https://www.mtgox.com/press_release_20140210.html is largest pile of BS FUD I ever saw - does anybody actually believe them? No reference to anyone from BitCoin devs, no proof of anything, just bullcrap. They picked up (or made up, whatever) minor, hardly achievable and easilly trackable flaw and build a story around it, which in the end sounds to me like arguing that someone with time machine can pause time and rob Your pockets meanwhile.. They fucked up badly with their amateurish coding sklills, thats all. And the most horrible about theese sick fucks is that they are trying to drag whole cryptoscene to hell with them, as they know this is theirs end:
Pricks..
Quote
Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.
Pricks..
mt gox closing down would be the best for btc.
I laugh in the face of the fools that helped hold up that gox-monopoly for so long with their btc.
You have to learn the hard way that a decentralized token traded in a centralized manner like on gox is just idiotic and you deserve to get robbed and spied on.
"i trade at gox because everybody else does" is the kind of mental lazyness that got you in your trouble
... it's the same with those pools.
I laugh in the face of the fools that helped hold up that gox-monopoly for so long with their btc.
You have to learn the hard way that a decentralized token traded in a centralized manner like on gox is just idiotic and you deserve to get robbed and spied on.
"i trade at gox because everybody else does" is the kind of mental lazyness that got you in your trouble
... it's the same with those pools.
No problem with MTX
What will happen to those whose money is stuck in Gox accounts?
Is anybody opening new accounts with them?
Long term they will suffer regardless of what they do.
Long term they will suffer regardless of what they do.
btw, aside polemics, FUD, whatever. I don't get two things:
1- btc value on mtgox is dropped a lot and currently is lower than Btc-e/bitstamp/whichever other exchange I guess.
This can allow inverse arbitrage giving to gox the possibility to get liquidity buying bitcoins. So, is still possible to withdraw btc on MtGox?
If this drop was in some way a "led fall", maybe just something willed, well considered, it would mean mtgox heads aren't so dumb. They concretely
did something able to stop and incredibly invert the sick spread they had.
2- Today is 10th February and in Japan now is about 16:00 UTC. So what are they waiting for to release the promised update? 23:59 in the night?
A serious Company would've given news in the early morning IMO.
This makes me think that goxers are still taking time. They didn't get to the head of a formal solution yet.
What do you think?
1- btc value on mtgox is dropped a lot and currently is lower than Btc-e/bitstamp/whichever other exchange I guess.
This can allow inverse arbitrage giving to gox the possibility to get liquidity buying bitcoins. So, is still possible to withdraw btc on MtGox?
If this drop was in some way a "led fall", maybe just something willed, well considered, it would mean mtgox heads aren't so dumb. They concretely
did something able to stop and incredibly invert the sick spread they had.
2- Today is 10th February and in Japan now is about 16:00 UTC. So what are they waiting for to release the promised update? 23:59 in the night?
A serious Company would've given news in the early morning IMO.
This makes me think that goxers are still taking time. They didn't get to the head of a formal solution yet.
What do you think?
Gox died about a year ago, ever since they collapsed under their own popularity and the shitty php trading engine couldn't handle concurrent trades > 5.
Decentralization of exchanges in Europe, Canada and Asia has rendered the market immune to Goxxing it doesn't matter if they disappear or continue to fuck up their own business into the dustbin of history it shouldn't have an effect on what happens over at Bitstamp, Localbitcoins, IRC, BTC-E and the dozens of other exchange sites. It would be best if they would finally die so the media can stop pointing to them as an example of complete incompetence which continually dirties Bitcoin's image :P
Decentralization of exchanges in Europe, Canada and Asia has rendered the market immune to Goxxing it doesn't matter if they disappear or continue to fuck up their own business into the dustbin of history it shouldn't have an effect on what happens over at Bitstamp, Localbitcoins, IRC, BTC-E and the dozens of other exchange sites. It would be best if they would finally die so the media can stop pointing to them as an example of complete incompetence which continually dirties Bitcoin's image :P
I would mind a big crash myself either, would buy up as much as I can.
dont forget, mtGox is just a "bank" and we are only experiencing a "bank robbery" it is not the end of bitcoin, far from it!
dont forget, mtGox is just a "bank" and we are only experiencing a "bank robbery" it is not the end of bitcoin, far from it!
But its a bankrobbery that resulted in MANY MANY MANY bitcoins untouchable..
untouchable by us, not by Gox
or rather 
I would mind a big crash myself either, would buy up as much as I can.
dont forget, mtGox is just a "bank" and we are only experiencing a "bank robbery" it is not the end of bitcoin, far from it!
dont forget, mtGox is just a "bank" and we are only experiencing a "bank robbery" it is not the end of bitcoin, far from it!
But its a bankrobbery that resulted in MANY MANY MANY bitcoins untouchable..
Didn't anyone else think that that Roger Ver video was 100% proof that everything coming out of MtGox is SCRIPTED!?!?
http://www.youtube.com/watch?v=UP1YsMlrfF0
http://www.youtube.com/watch?v=UP1YsMlrfF0
cool pen.
OMG, hahahahahah thanks for making me laugh!
Hmm well, if all of the bitcoins got stuck elasticity and demand would say the price will go up because there will be less bitcoin available on the market. However if people start panic selling then the price will continue to drop because i think the flood of panic bitcoin will keep pushing it down. But I guess we will have to wait and see. I do not have any BTC so if it bombs I am going to be buying because I have faith that no matter what happens; BTC is here to stay and the price will recover over time. All I can suggest is stay calm, watch the markets and think long term not sort term gains. It is your BTC at the end of the day so do what you think is best. If the Fed did buy lots of BTC in an attempt to debase the currency as some economists have said is possible; depending on what happens at MT.Gox they may well carry out that evil plan of flooding an already panicked marketplace and debasing the currency even further. I am going to watch this very closely and I reiterate if it bombs I am buying.
Again, Do you really think they can fix a REAL technical issue in just 2 days? If they were this competent, wouldn't they have fixed it a long time ago?
Where do they say they will fix the issue in two days? They've just said they'll give a public statement then. They have two days ascertain what has happened, decide what to do about it and how long it will take, and then draft a statement explaining this. At the moment I tend to believe it's the technical issue described in the other thread. That is, they'd been issuing slightly invalid transactions, that were rejected by the network but that other nodes were cleaning up and re-issuing as valid but with different hashes. This meant the transactions were getting into the block-chain but MtGox didn't recognise them. This led to them double-spending the same coins, leading to more failures. It's going to take a while to sort out. They need to figure out which transactions they thought had failed, actually succeeded, and which genuinely failed due to double-spending, and they need to relate that to their internal accounts. It should be possible, though, and when they manage it, everyone should end up with the coins they own.
Countdown is begun,
Tokio/Japan GMT, 10 Feb 2014 1:00
Peking/China GMT, 10 feb 2014 00:00
Tokio/Japan GMT, 10 Feb 2014 1:00
Peking/China GMT, 10 feb 2014 00:00
It does seem strange that MtGox would stall a one of the highest trading days..
The governments are backed by "billions in dollars".. Of course the governments are trying to shut down "bitcoins".. Over all though.. United states did the same thing on creating "Dollars" away from british currency 200 years ago.. Humerous that they claim fraud/negative things for something USA already did themselves..
Digital currency IS the future..
Many of our members moved their Bitcoins out as soon as they could and we were happy to *note that we recieved several smaller bitcoin investments for BitcoinREO auction home real estate purchases..
http://Http://BitREO.com - USA's only true #1 BitcoinREO Investing.
Our Bitcoins are secured and backed by Real Rstate Investments, so, our bitcoins ROI remain strong at +22.3% returns monthly..
We added a new MtGOX ticker watch for our investors/members on our site for ease of watch..
http://Http://BitREO.com/ticker.html
Hopefully most "Bitcoiners" will see better days with "Bitcoin" trading..
But, we luv our Bitcoin REO buying..
Slower, but 1000% safer as our Bitcoins return ROI on sales and Bitcoin Monthly Rental Income...
If Bitcoins fall on MtGOX.. Our Real Estate Investments are secured..
Our Team - BitcoinREO & PajamaREO
The governments are backed by "billions in dollars".. Of course the governments are trying to shut down "bitcoins".. Over all though.. United states did the same thing on creating "Dollars" away from british currency 200 years ago.. Humerous that they claim fraud/negative things for something USA already did themselves..
Digital currency IS the future..
Many of our members moved their Bitcoins out as soon as they could and we were happy to *note that we recieved several smaller bitcoin investments for BitcoinREO auction home real estate purchases..
http://Http://BitREO.com - USA's only true #1 BitcoinREO Investing.
Our Bitcoins are secured and backed by Real Rstate Investments, so, our bitcoins ROI remain strong at +22.3% returns monthly..
We added a new MtGOX ticker watch for our investors/members on our site for ease of watch..
http://Http://BitREO.com/ticker.html
Hopefully most "Bitcoiners" will see better days with "Bitcoin" trading..
But, we luv our Bitcoin REO buying..
Slower, but 1000% safer as our Bitcoins return ROI on sales and Bitcoin Monthly Rental Income...
If Bitcoins fall on MtGOX.. Our Real Estate Investments are secured..
Our Team - BitcoinREO & PajamaREO
If you understand the last 5000 years of civilisation (in a round about way) you will fight for Bitcoin & t. decentralisation of old powers.
Just logged in to say that daserpent1 is an A-class retard
Jump to: