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Topic: Petition To Request Mtgox Not Add Altcoins - page 2. (Read 4249 times)

legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
Signed.

I'm a LTC miner so would like to see the value go up, but MTGOX just can't handle the loads right now. They need more infrastructure. The volume at which the alt coins will be traded at is pretty intense. I don't see how they could effectively handle this load increase at all considering the current delays with BTC.
hero member
Activity: 572
Merit: 506
Signed.

While I welcome competition among cryptocurrencies, I don't support cloning bitcoin. It is easy, sources are open. Change several lines of code, or don't change nothing at all, and you can start a new cryptocurrency. But that undemines one of main ideas of bitcoin: limited, predefined supply. If today you adopt litecoin, tomorrow other people will adopt some other coin. The great idea will be wasted, we will have a bunch of cryptoponzis instead of one cryptocurrency. That will eventually lead to crash of bitcoin and all of its forks, including litecoin.

Nonetheless, if a new currency, which resolves at least some problems of bitcoin emerges, I will support it.
newbie
Activity: 46
Merit: 0

Bitcoin is not MTGox!


well, only 70% of it is.

Can I sign twice?
sr. member
Activity: 294
Merit: 250
You are a geek if you are too early to the party!
Totally and utterly disagree! Smiley

Remember that idea of the free market, free enterprise, de-centralized currency?

Bitcoin is not MTGox!

Simple rule of the free market, if you don't like it, buy something else!

I use BTC-e!

full member
Activity: 126
Merit: 100
signed
legendary
Activity: 1096
Merit: 1067
Single crypto coin exchange ? That's so 2012 ,  Grin
newbie
Activity: 46
Merit: 0
Signed, please don't let the Magic the Gathering Online Exchange ruin LTC too.
full member
Activity: 176
Merit: 100
Signed, please focus on fixing the lag.
hero member
Activity: 770
Merit: 500
I don't agree.

They absolutely need to get their shit together first, but I'd like to see them get Litecoin going by the summer.  They're going to be overtaken by some other company quite quickly if they don't.  The market has a demand for multiple coins.

+1. Without litecoins, they are forcing me to go back to fiat if I want to get out of the bitcoin game for a little bit while things cool off. On BTC-e, I can swap into litecoins, wait, then get back into bitcoins when i'm ready. That's only one of the benefits of having altcoins, it needs to happen on Gox.
+1. Litecoin is pretty much the only reasonably fast way to move money between exchances and services, and the only possible hedge that doesn't involve fiat. We need that asap in MtGox, but on a dedicated server please!
legendary
Activity: 1937
Merit: 1001
*signed*

For both performance reasons and to make a stance and show the bullshit scam alt-chains aren't worthy of attention.
hero member
Activity: 535
Merit: 500
sounds like a desperate attempt to cling onto a monopoly founded in fear of a technologically advanced crypto-currency.

"Never let a crisis go to waste"

how about a petition for mt gox to put some of their millions into advanced ddos protection
sr. member
Activity: 363
Merit: 250
I think they should add Litecoin and maybe Namecoin because they've been around long enough and seem stable. But I'd stop there, the rest need a year or two to prove there stable and that people actually want them.
hero member
Activity: 504
Merit: 500
I'm sure Mtgox is doing their best, but they seem to be a bit over their head right now given Bitcoin's explosion and the resulting hacks,DDoS, lags, confirmation queues that they have had to deal with. As if all that wasn't enough, and they didn't provide enough systematic risk to Bitcoin's ultimate fate, they now want to add some altcoins to the exchange.

What we need at this point is some stability and order, and Mtgox for some reason is about unleash some more chaos into the system through a bunch of untested, unrecognized, and highly fringe altcoins that most without a stake in the matter believe to be non-beneficial to the general acceptance of cryptocurrencies at this point.

Maybe if enough of us voice our displeasure at this poorly timed decision by Gox, they might perhaps delay introducing altcoins to a time when the system, infrastructure, and general acceptability of cyrptocurrencies is more in order.

Write 'signed' if you agree that now is not the best time for Mtgox to introduce such a feature.
I don't find this a brilliant idea at least in this form.
If Mt Gox has already taken some efforts to implements alternative currencies then it would be a waste of time to stop it.
Imagine that 1-2 developer where assigned and are already working on this implementation. How frustrating must be for them if their chef is saying that their work is suspended and no more required. Somebody who developed can understand this.
It's like your wife brings to you a glas of wine(or juice) and you don't drink it just smashing to the wall. Better if you taste it at least and you say that you will drink it later.
But to make for them easier let us say them to implement only namecoin first because this alt-currency brings really something new.
When namecoin exchange is already working by Mt Gox without problems then this small developer team  could implement the next alternative currency. (for ex litecoin)
I think this would be a more reasonable.
Don't worry, the prices will rise again. Probably the Russian mafia attacks the network again to buy cheaper bitcoins.
hero member
Activity: 514
Merit: 500
I agree the lag is ridiculous but its been going on for quite some time, you either trade around it or move to another exchange, why pay 5% for 30 min delays?
hero member
Activity: 576
Merit: 500
Signed. They should concentrate on this first:

Code:
{"result":"success","return":{"lag":3455446956,"lag_secs":3455.446956,"lag_text":"57 minutes"}}
newbie
Activity: 10
Merit: 0
Signed.

where you get this news from though?
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
They obviously won't. Not with this crap.
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
common sense.

look at the stability issues going on right now and its affect on btc price.

i would rather have btc growth over "altcoin" growth.
full member
Activity: 238
Merit: 100
I don't agree.

They absolutely need to get their shit together first, but I'd like to see them get Litecoin going by the summer.  They're going to be overtaken by some other company quite quickly if they don't.  The market has a demand for multiple coins.

+1. Without litecoins, they are forcing me to go back to fiat if I want to get out of the bitcoin game for a little bit while things cool off. On BTC-e, I can swap into litecoins, wait, then get back into bitcoins when i'm ready. That's only one of the benefits of having altcoins, it needs to happen on Gox.
full member
Activity: 182
Merit: 100
I don't agree.

They absolutely need to get their shit together first, but I'd like to see them get Litecoin going by the summer.  They're going to be overtaken by some other company quite quickly if they don't.  The market has a demand for multiple coins.
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