Official End of Mt Gox thread - page 6.

Cassius

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Quote from: BTC4Victory on February 20, 2014, 12:16:55 PM

Quoting this article solely because the bolded & italicized sentence was inadvertently awesome. When all the dust has settled, I think "to Touch the Pink Cow" needs to become a euphemism for having a massively successful business -- with almost literally a license to print money -- that you somehow manage to completely f*ck up and drive into the ground merely because you're a staggeringly incompetent douchebag with your head stuck up your a$$.

+10,000

Elwar

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Viva Ut Vivas

This may have a bigger affect. Didn't MtGox buy the rights to the Bitcoin trademark or something?

The community seemed ok with it because they were safekeeping it from abuse by a few other people trying to get it.

But with MtGox dead, they could start executing their rights to the Bitcoin name to get back money to pay for things or it could be sold in a bankruptcy court to someone who could use it to stop people from using the Bitcoin name.

As much as I want MtGox to go away as a source of constant problems, it may not be the best result.

Best thing would be for a competent business organization to buy them out and run things professionally.

Wardan_reloadeD

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Quote from: ?? on ??

fuck gox, lets watch it die!@

http://www.reactiongifs.com/wp-content/uploads/2013/01/popcorn-yes.gif

krtek.net

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Quote from: bitcon on February 20, 2014, 01:45:23 PM

Gox Statement Translation - "Please be patient a few more days while we milk this arbitrage opportunity" we'll give you access to your coins after we're done goxxing.

My take: http://issuu.com/krteknet/docs/20140220-mtgox-exchange

bitcon

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Gox Statement Translation - "Please be patient a few more days while we milk this arbitrage opportunity" we'll give you access to your coins after we're done goxxing.

derpinheimer

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Quote from: igorr on February 20, 2014, 01:39:39 PM

MtGox 111 usd, and what will happen when of these 500,000 Bitcoin comes to Bitstamp I can only imagine.

View Screen Capture

You realize most of these are probably people who had bids at say, $700 when the price was $900.

Then it went to $600 and they sold at a loss, bought back at $500, sold at $400, bought at $300, etc...

There arent 500k coins on Gox.

gentlemand

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Welt Am Draht

Quote from: jasonjm on February 20, 2014, 01:36:45 PM

Quote from: kkaspar on February 20, 2014, 11:45:02 AM

I'm surprised to see the lack of discussion on the subject, on how the entire bitcoin market system will get a big hit in confidence, when MtGox turns out insolvent.
The bitcoin market system always had this halo of an open source community around it. That the community consists of idealistic and therefor trustworthy people. Those who have dealt with bitcoin in depth, know better, but to the outsiders, the market system has looked relatively honest. When MtGox turns out to be insolvent, and news will show things like how bitcoin.org linked MtGox as the main recommended exchange, then this halo will disappear. Bitcoin will be linked more as an tool of those "exchange" operators to scam people out of their money. It's funny to see how most seem to miss that threat.

because everyone on this forum is a wannabe bitcoin millionaire.
its like going into church and pissing on Jesus, and then saying "Jesus sucks, lets talk about it"......
you get? attacked!

bitcoin community as a whole is ridiculously dishonest, turned out to be very disappointing imo. As a currency its no better than "insert douchbag government currency here".

Internet, drugs, relative anonymity, non reversible transactions, shit tons of money much of which is held by mean spirited libertarian types who lucked out. And you were expecting a utopian paradise?

igorr

sr. member

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Quote from: ?? on ??

fuck gox, lets watch it die!@

500 000 bitcoin from MtGox willkill Bitstamp !!!

wobber

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Quote from: ?? on ??

fuck gox, lets watch it die!@

Bought you a beer bro.

igorr

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MtGox 111 usd, and what will happen when of these 500,000 Bitcoin comes to Bitstamp I can only imagine.

View Screen Capture

jasonjm

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Buzz App - Spin wheel, farm rewards

Quote from: kkaspar on February 20, 2014, 11:45:02 AM

I'm surprised to see the lack of discussion on the subject, on how the entire bitcoin market system will get a big hit in confidence, when MtGox turns out insolvent.
The bitcoin market system always had this halo of an open source community around it. That the community consists of idealistic and therefor trustworthy people. Those who have dealt with bitcoin in depth, know better, but to the outsiders, the market system has looked relatively honest. When MtGox turns out to be insolvent, and news will show things like how bitcoin.org linked MtGox as the main recommended exchange, then this halo will disappear. Bitcoin will be linked more as an tool of those "exchange" operators to scam people out of their money. It's funny to see how most seem to miss that threat.

because everyone on this forum is a wannabe bitcoin millionaire.
its like going into church and pissing on Jesus, and then saying "Jesus sucks, lets talk about it"......
you get? attacked!

bitcoin community as a whole is ridiculously dishonest, turned out to be very disappointing imo. As a currency its no better than "insert douchbag government currency here".

igorr

sr. member

Activity: 406

Merit: 250

gox 111 usd !!!

bitcon

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i think one of the mods from BTC trollbox has 1.2 million on gox

Bitcoin_is_here_to_stay

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Quote from: derpinheimer on February 20, 2014, 10:58:32 AM

Quote from: Bobsurplus on February 20, 2014, 10:49:44 AM

Quote from: derpinheimer on February 20, 2014, 10:46:30 AM

Whatever site you are using is crap

It's still 42k

Bitcoinwisdom and its the best site out there!

Obviously not, considering its depth is terribly off.

Quote from: DanielVG on February 20, 2014, 10:57:06 AM

MTgox is currently under 100$

Also a lie.

OP likely meant euros, but we may soon be below $100 Sad

krtek.net

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I caught mtgox doing bad thing and published it couple of minutes before the big fall: https://twitter.com/krtek_net/status/436386804372344832 and https://twitter.com/krtek_net/status/436492419811405824. These 4 trades were made by single SELL LIMIT 1 order which was suppose to create a new low. The order processing went up to bids over or equaling the low, paused and waited for another bid to be placed from another trader and finished with last trade higher then the low. I call it order sorting, I'm aware that this has happened before but it happend to me today for the first time. I've lost goxtools logs of that one, but managed to replicate the same behavior after couple of tries. Trading terminal is connected on Tier 1 network, dedicated hw, no other apps running, 100mbit unmetered. I've checked that my order book is up to date using all available channels and there was no engine lag before and/or during the execution.

EDIT: See https://twitter.com/krtek_net/status/436730953005006848 and https://twitter.com/krtek_net/status/436731507743657984

wobber

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It's so exciting watching gox now. I wonder if it will go under 100...

Bobsurplus

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Making money since I was in the womb! @emc2whale

I death blow is right around the corner for gox, they will slip under 130 in the next few minutes and after that its a quick slide to zero zero land.

MatTheCat

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Quote from: jasonjm on February 20, 2014, 10:58:45 AM

GOX is a total and utter disaster.

There is no good part of it. The list of failures, scams, and setbacks continues.

Everything bitcoin ends up being a scam or con in some way or other. Instead of being a decentralized currency, bitcoin has turned into a shyster magnet.

Which is why governments had to move to clamp down on the wildcat currencies that sprung up across Great Britain in the 1800's. Hence the rule I think instated by Robert Peel that allowed only the Bank of England to print bank notes and only the Royal Mint to produce coinage.

DeathAndTaxes

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Gerald Davis

Quote from: proudhon on February 20, 2014, 12:06:16 PM

"at last"

If there ever was an entity that met the definition of a "zombie exchange" it would MtGox. They have done so many things which would have annihilated other companies a long time ago. The only thing which historically would have been a worse bet than a multi-year short on Bitcoin would be betting on the demise of MtGox.

I am not sure where MtGox finds the neverending stream of new marks willing to relentlessly pour cash and coin into their coffers but no matter what happens they always seem to do. They are the only exchange to have a song written about them ( http://www.youtube.com/watch?v=K2ku1A5Ox8U ) and getting "goxxed" has been a community term which has been generalized to events beyond the exchange.

I mean maybe that blue ball has magical powers?

BTC4Victory

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Topic: Official End of Mt Gox thread - page 6. (Read 13004 times)