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Topic: Official End of Mt Gox thread - page 2. (Read 13004 times)

hero member
Activity: 588
Merit: 500
full member
Activity: 150
Merit: 100
Thank you! Thank you! ...
February 24, 2014, 11:31:44 PM
Sad but true. MtGox support reps tweeted they got laid off. Thus ended the sordid affairs of MtGox.

Oh I'm sure the lawsuits will go on for years. MtGox: truly legendary.
legendary
Activity: 1638
Merit: 1001
February 24, 2014, 11:26:48 PM
What is needed here is a clip of the last seconds of Barad Dur as told by Peter Jackson.
sr. member
Activity: 448
Merit: 250
February 24, 2014, 11:23:09 PM
Sad but true. MtGox support reps tweeted they got laid off. Thus ended the sordid affairs of MtGox.
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
February 24, 2014, 11:06:11 PM
Confirmed, this is the end.
newbie
Activity: 52
Merit: 0
February 24, 2014, 10:51:09 PM
Perhaps this is the end...
sr. member
Activity: 288
Merit: 250
February 24, 2014, 01:04:06 PM
Well, I can tell you as much as that the company is still in operation. I just received a reply to a customer service request (which had nothing to do with all this so its contents aren't relevant). It took ages, but obviously someone's still there doing customer service which doesn't guarantee but makes it more probable that everything is running sorta normally, relative to the circumstances.
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
February 22, 2014, 02:01:07 PM
I'm confused by the title of this thread.

Is this thread about the official end of Mt. Gox?

Is this the official thread about the end of Mt. Gox?

Has the official end of the the Mt. Gox thread been announced?

I think it's a typo, 'Official' should be 'Orificial', at least, I think that's why 80% of posters are talking out their ass.
legendary
Activity: 1652
Merit: 1265
February 22, 2014, 01:51:04 PM
Now the real question here is JPY withdrawals (domestic within Japan) in the last two weeks. How are they proceeding?

Seem to be taking 3-4 weeks, faster if you have a Japanet bank account, according to https://bitcointalk.org/index.php?topic=428242.100

This JPY delay is what finally convinced me that MTGox is insolvent.

You're going to be in for a bit of a shock when BTC withdrawals start up again and things return to normal.



Do you really believe it will return to normal? After taking so many people hostage for this long?
You probably have all your BTC in there....

We don't have to believe. We know. Knowing is better than believing. And "normal" is defined to be the same as it was before the halt.

And what do you know? Who is "we"? And "knowing" is only trick of your consciousness Smiley.
hero member
Activity: 616
Merit: 500
February 22, 2014, 01:44:45 PM
Now the real question here is JPY withdrawals (domestic within Japan) in the last two weeks. How are they proceeding?

Seem to be taking 3-4 weeks, faster if you have a Japanet bank account, according to https://bitcointalk.org/index.php?topic=428242.100

This JPY delay is what finally convinced me that MTGox is insolvent.

You're going to be in for a bit of a shock when BTC withdrawals start up again and things return to normal.



Do you really believe it will return to normal? After taking so many people hostage for this long?
You probably have all your BTC in there....


We don't have to believe. We know. Knowing is better than believing. And "normal" is defined to be the same as it was before the halt.
legendary
Activity: 1652
Merit: 1265
February 22, 2014, 01:06:45 PM
Now the real question here is JPY withdrawals (domestic within Japan) in the last two weeks. How are they proceeding?

Seem to be taking 3-4 weeks, faster if you have a Japanet bank account, according to https://bitcointalk.org/index.php?topic=428242.100

This JPY delay is what finally convinced me that MTGox is insolvent.

You're going to be in for a bit of a shock when BTC withdrawals start up again and things return to normal.



Do you really believe it will return to normal? After taking so many people hostage for this long?
You probably have all your BTC in there....
legendary
Activity: 2097
Merit: 1070
February 22, 2014, 11:36:47 AM
Now the real question here is JPY withdrawals (domestic within Japan) in the last two weeks. How are they proceeding?

Seem to be taking 3-4 weeks, faster if you have a Japanet bank account, according to https://bitcointalk.org/index.php?topic=428242.100

This JPY delay is what finally convinced me that MTGox is insolvent.

You're going to be in for a bit of a shock when BTC withdrawals start up again and things return to normal.

legendary
Activity: 1036
Merit: 1000
February 22, 2014, 09:25:37 AM
Feeling brave guys? I can confirm, that Sepa still works _both ways_. Last withdraw took 3 weeks, last deposit took 48h.
The fact that they still withdraw brings a glimmer of hope that they are not legally insolvent. The rest is greed and trying bitcoinbuilder for a nice 50% profit in 48h Smiley

50% profit in five seconds if you have a Japanese bank account.
legendary
Activity: 1036
Merit: 1000
February 22, 2014, 09:23:01 AM
Now the real question here is JPY withdrawals (domestic within Japan) in the last two weeks. How are they proceeding?

Seem to be taking 3-4 weeks, faster if you have a Japanet bank account, according to https://bitcointalk.org/index.php?topic=428242.100

This JPY delay is what finally convinced me that MTGox is insolvent.

What are JPY withdrawal times at these days?

A few weeks. See linked thread for details.
legendary
Activity: 1652
Merit: 1265
February 22, 2014, 05:53:41 AM
sr. member
Activity: 353
Merit: 250
February 22, 2014, 04:48:30 AM
n its moving !

Guess they process deposits in batches, whenever one gets done we see a spike.

Would be funny, if bitcoinbuilder actually is the tool to make gox survive another day. principles vs. greed
newbie
Activity: 55
Merit: 0
February 22, 2014, 04:32:13 AM
n its moving !
sr. member
Activity: 353
Merit: 250
February 22, 2014, 03:41:11 AM
Feeling brave guys? I can confirm, that Sepa still works _both ways_. Last withdraw took 3 weeks, last deposit took 48h.
The fact that they still withdraw brings a glimmer of hope that they are not legally insolvent. The rest is greed and trying bitcoinbuilder for a nice 50% profit in 48h Smiley
legendary
Activity: 1764
Merit: 1031
February 22, 2014, 03:10:08 AM
Wouldn't the obvious thing for gox management be to just send coins to other exchanges and sell? Might not be legal but would keep them alive

There was a point to that effect earlier in the thread - or that it's actually been happening for months.
Dangerous strategy if that's really going on, since sales of the volumes required would crash the price on those excha- oh, wait...
It seems pretty clear there's some illegal or at least very dubious activity going on, as well as straightforward incompetence and getting a bunch of coins stolen by hackers, perhaps for some time now.
I think the safest strategy is to assume that anything underhand, incompetent or brutally stupid that could have been going on at Gox has been.
full member
Activity: 182
Merit: 100
February 21, 2014, 11:56:44 PM
Wouldn't the obvious thing for gox management be to just send coins to other exchanges and sell? Might not be legal but would keep them alive
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