I don't think it matters much, centralized exchanges will be phased out soon enough anyway with projects like Ethereum, NXT, Mastercoin, and others exactly because of these kinds of issues with central exchanges.
Gox had a good run and will always be noted as the first of its kind, but its time for it to die as it is doing more harm than good anymore to the bitcoin economy.
Topic: MtGox's DEATH - Bitcoin headed towards darkness? - page 4. (Read 8323 times)
You are obviously being a big troll lately...
You've already said...
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
You've already said...
I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
What FUD? My withdrawal has been stuck with gox for a long time. I am fucking sad here and you think I am trolling? Dude, if you cannot feel others' pains, then don't say anything at all.
What happens if everything is fine on Monday?
Wait for it. Stop spreading panic. Many people here have funds stuck there.
Benson, I am more panicked than most people here. I have a lot of money stuck with gox and I have also lost a lot already. So, don't think that i am trying to spread panic.
I am only trying to see what people think will happen if gox shuts down. Will the price hold steady like after SR takedown or would it plummet?
You are obviously being a big troll lately...
You've already said...
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
You've already said...
I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
What FUD? My withdrawal has been stuck with gox for a long time. I am fucking sad here and you think I am trolling? Dude, if you cannot feel others' pains, then don't say anything at all.
What happens if everything is fine on Monday?
Wait for it. Stop spreading panic. Many people here have funds stuck there.
It is actually a technical glitch. A serious one, but I don't think they've run out of bitcoins, they've just been forced to stop withdrawals until they fix their software, it was doing withdrawals wrong & some people may have exploited that. They probably lost some bitcoins as a result, hopefully they can afford to replace them.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
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?
gox usually fixes all the issues they've had over the years.. what's your point. this time it's "different" . jeez the fudsters. if it's a technical issue and the coins are still there things will be fixed. quite simple
And if it really is a technical issue that they can solve, then why did they release an official statement only after so many people started asking them questions on friday?
Why couldn't they just have released a press release a long time ago stating they are facing problems so they would like to stop withdrawals temporarily.
You are obviously being a big troll lately...
You've already said...
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
You've already said...
I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
What FUD? My withdrawal has been stuck with gox for a long time. I am fucking sad here and you think I am trolling? Dude, if you cannot feel others' pains, then don't say anything at all.
It is actually a technical glitch. A serious one, but I don't think they've run out of bitcoins, they've just been forced to stop withdrawals until they fix their software, it was doing withdrawals wrong & some people may have exploited that. They probably lost some bitcoins as a result, hopefully they can afford to replace them.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
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?
gox usually fixes all the issues they've had over the years.. what's your point. this time it's "different" . jeez the fudsters. if it's a technical issue and the coins are still there things will be fixed. quite simple
MtGox became a epic joke long time ago and only greed and stupidity forced people to trade there or send any coin/fiat into this black hole.
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
Makes sense, hope it doesn't turn out to be a huge ponzi.
your post seems awfully full of doom and gloom. you could have written in a non-biased way, right?
MtGox became a epic joke long time ago and only greed and stupidity forced people to trade there or send any coin/fiat into this black hole.
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
MtGox has been operating as one big mixer - closed system with no exit for fiat or BTC.
Interesting where did the coin go and if coin is really gone, how did they manage to lose it?
FUD.
Wait for what has to happen, to happen. You are posting this across multiple threads as well.
Wait for what has to happen, to happen. You are posting this across multiple threads as well.
The Mt.Gox is surely causing the price to bounce more than normal. It is giving people who already hold currency the chills and some newbies sccurying to new exchanges to buy up.
USD did NOT get vanished when Lehman Brothers & Meryl Lych failed. BTC will be affected but wont be vanished when Mt.Gox wont be anymore. It is written in the code.
OP: Do you *really* think Bitcoin is as simple, small, and centralized as MtGox ?
Seriously? This is the basic concept behind Bitcoin. That no single entity could ever "bring it down".
I would encourage you to do some extensive research on what Bitcoin is. And decentralized networks.
Gox could completely die, Bitstamp could completely die, and Coinbase could completely die tomorrow.
Bitcoin would not die.
I highly encourage you to listen to this speech on decentralized networks, and why they never die when one "branch" is cut off.
Very important speech. Everyone should listen to it:
https://soundcloud.com/mindtomatter/e39-2-the-starfish-and-the
(skip forward to 11:00)
Seriously? This is the basic concept behind Bitcoin. That no single entity could ever "bring it down".
I would encourage you to do some extensive research on what Bitcoin is. And decentralized networks.
Gox could completely die, Bitstamp could completely die, and Coinbase could completely die tomorrow.
Bitcoin would not die.
I highly encourage you to listen to this speech on decentralized networks, and why they never die when one "branch" is cut off.
Very important speech. Everyone should listen to it:
https://soundcloud.com/mindtomatter/e39-2-the-starfish-and-the
(skip forward to 11:00)
What's with all the sensationalist posts? *Bitcoin headed towards darkness* give me a break. Bitcoin has gotten through more serious issues (Remember the December China crash?) with no problem. One exchange having technical difficulties is not going to bring down Bitcoin, and I doubt it will cause the "DEATH" of the exchange itself.
You are obviously being a big troll lately...
You've already said...
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
You've already said...
I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.
https://bitcointalksearch.org/topic/m.4997987
If you don't actually own any Bitcoins and don't want to be in the f**ked scene, then stop being involved by posting FUD.
Unless you're trying to drive down the price, all your latest posts seem to suggest that.
It is actually a technical glitch. A serious one, but I don't think they've run out of bitcoins, they've just been forced to stop withdrawals until they fix their software, it was doing withdrawals wrong & some people may have exploited that. They probably lost some bitcoins as a result, hopefully they can afford to replace them.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
It's not going to kill bitcoin, there are plenty of other exchanges. If you put your life savings into bitcoin then you're a fool. It's gambling, only bet money you can afford to lose.
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?
This is some speculation that MtGox does not have adequate BTC on hand to cover a significant volume of bitcoin wallet withdrawals.
In other words, they're trying to be a bank! - Only holding a percentage of the actual currency they've been given by their account-holders, then presumably trading it elsewhere for commission.
This is exactly what bitcoin was designed to avoid: central control and exploitation by some self-appointed middlemen. MT Gox could vanish and overnight and a dozen exchanges will spring up to respond to demand for BTC/cash conversion services. BTC cannot be controlled and monopolised by a single entity - it's that way by design.
I've never used MT Gox and never will. They're one of many.
This is some speculation that MtGox does not have adequate BTC on hand to cover a significant volume of bitcoin wallet withdrawals.
By halting withdrawals it buys them time to (among other things) either; a.) increase their bitcoin balance, b.) come up with another excuse not to give customers access to their bitcoins, or c.) hope that this 2-day delay will somehow slow the bleeding once they re-enable withdrawals on Monday.
By halting withdrawals it buys them time to (among other things) either; a.) increase their bitcoin balance, b.) come up with another excuse not to give customers access to their bitcoins, or c.) hope that this 2-day delay will somehow slow the bleeding once they re-enable withdrawals on Monday.
That is what most of us are worried about.
IF mtgox does declare that it cannot continue operations, does that mean all our money goes down with them? Or would they be professional enough to give us back what they owe us?
If they are in fact misleading customers, I wouldn't expect them to suddenly "do the right thing".
But if this is in fact a technical glitch, the balances are likely secure.
Do you really think that they can fix a REAL technical issue in just 2 days ?
If they try hard enough, sure. Of course, it would have to be an actual technical issue, and not "we've been martingaling on PrimeDice and emm, you know guys..." one.
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