Let see if the buyers are lucky to get double from the 'cheap' information.
The EU now don't trust mtgox anymore. I also don't trust that either.
Let see if mtgox resumes bitcoin withdrawal after few days like bitstamp and virwox.
Topic: Press Release 20140215: MtGox may resume BTC withdraws sometime late next week (Read 2941 times)
February 15, 2014, 07:40:06 AM
February 15, 2014, 05:35:38 AM
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf
Dear Mt. Gox Customers,
In order to implement our solution to the “transaction malleability” issue being faced by bitcoin exchanges and businesses, we are going to have a 6-hour downtime on all bitcoin deposits and internal bitcoin transfers in addition to the current pause on bitcoin withdrawals. Trading will otherwise still be open as usual.
Maintenance Schedule (approximate):
6pm ~ 12am JST (February 15th)
The above downtime period is approximate: it may be shortened or lengthened as required. Once the implementation is complete customers will again be able to deposit bitcoin, but we will be doing extensive testing before bitcoin withdrawals are reactivated. We will publish an update on the situation on Monday .
BlockChain.info have implemented changes to address the malleability issue. Our solution should work in the short term, while a longer-term solution is being discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are also discussing this with other exchanges and businesses.
Thank you for your support during the maintenance, and we will update you on the progress shortly.
Best regards,
MtGox Team
^^ I realize this is mostly hogwash - main point here is that there will be an "update" on Monday. This could mean that they will manage to make BTC withdraws work late next week or at worst by the end of the month.
Some translations:
"In order to implement our solution to the “transaction malleability” issue being faced by bitcoin exchanges and businesses"
As these links explain:
https://bitcointalksearch.org/topic/m.5144187
http://buttcoin.org/mtgox-sinking-ship
http://cryto.net/~joepie91/blog/2014/02/10/why-mtgox-is-full-of-shit/
http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/
This an example of mtgoxproblems.gif, not anything faced by other exchanges or businesses. "Transaction malleability" is not the real issue, just something MtGox likes to claim is the issue since that sounds better than the ugly truth.
"Once the implementation is complete customers will again be able to deposit bitcoin" -> Translation: We will change the keys in our SQL database since our demand for a new primary database key to the community was met.
"BlockChain.info have implemented changes to address the malleability issue." Truth as documented at https://github.com/bitcoin/bitcoin/pull/3656 : blockchain.info added and extra ID solely to accomodate MtGox.
Anyway, good luck getting your BTC out of MtGox & good luck not being the last ones out who realize MtGox is now a fractional reserve who can only keep operating as long as everyone doesn't try to withdraw their BTC. If everyone does try to withdraw then the last ones trying will experience what happens when you try to withdraw empty IOUs (unless they dig into their own BTC stash and cover what was stolen, which may very well be possible).
Dear Mt. Gox Customers,
In order to implement our solution to the “transaction malleability” issue being faced by bitcoin exchanges and businesses, we are going to have a 6-hour downtime on all bitcoin deposits and internal bitcoin transfers in addition to the current pause on bitcoin withdrawals. Trading will otherwise still be open as usual.
Maintenance Schedule (approximate):
6pm ~ 12am JST (February 15th)
The above downtime period is approximate: it may be shortened or lengthened as required. Once the implementation is complete customers will again be able to deposit bitcoin, but we will be doing extensive testing before bitcoin withdrawals are reactivated. We will publish an update on the situation on Monday .
BlockChain.info have implemented changes to address the malleability issue. Our solution should work in the short term, while a longer-term solution is being discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are also discussing this with other exchanges and businesses.
Thank you for your support during the maintenance, and we will update you on the progress shortly.
Best regards,
MtGox Team
^^ I realize this is mostly hogwash - main point here is that there will be an "update" on Monday. This could mean that they will manage to make BTC withdraws work late next week or at worst by the end of the month.
Some translations:
"In order to implement our solution to the “transaction malleability” issue being faced by bitcoin exchanges and businesses"
As these links explain:
https://bitcointalksearch.org/topic/m.5144187
http://buttcoin.org/mtgox-sinking-ship
http://cryto.net/~joepie91/blog/2014/02/10/why-mtgox-is-full-of-shit/
http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/
This an example of mtgoxproblems.gif, not anything faced by other exchanges or businesses. "Transaction malleability" is not the real issue, just something MtGox likes to claim is the issue since that sounds better than the ugly truth.
"Once the implementation is complete customers will again be able to deposit bitcoin" -> Translation: We will change the keys in our SQL database since our demand for a new primary database key to the community was met.
"BlockChain.info have implemented changes to address the malleability issue." Truth as documented at https://github.com/bitcoin/bitcoin/pull/3656 : blockchain.info added and extra ID solely to accomodate MtGox.
Anyway, good luck getting your BTC out of MtGox & good luck not being the last ones out who realize MtGox is now a fractional reserve who can only keep operating as long as everyone doesn't try to withdraw their BTC. If everyone does try to withdraw then the last ones trying will experience what happens when you try to withdraw empty IOUs (unless they dig into their own BTC stash and cover what was stolen, which may very well be possible).
Jump to: