Topic: Should MtGox Reverse the trades from Black Wednesday? (Read 1570 times)
Mt Gox may end up with a huge suicide windfall of unclaimed accounts. Well played, Sirs!
Gox sux and Gox is a 80% attack on BTC.
I understand the rugged individualism aspect, especially with BTC pioneers, but if you want new people to adopt BTC there there has to be a modicum of reasonableness and reality in place. A newb has no reason to doubt Gox or it's alleged bonafides. To many newb's Gox is the spokessite for BTC. My first experience with BTC was the localbitcoins, but finding a seller with the BTC I wanted to buy was difficult. I then tried Bitfloor, cause I liked the idea of depositing $ in a bank account, but Bitfloor's volume sucked and no way was I paying the prices for the asks, though that ~$37 is looking pretty good now.
So I went to Gox. Everyone is going to Gox, Gox is BTC as far as everyone new knows. So goes Gox, so goes BTC. Don't believe me look at the prices for btc all because of Gox. If BTCe, Vircurex and five other exchages went off line and Gox was up, would anyone care? Prices may take a little hit due to the vast networks of bots trading the sites, but it wouldn't make much of a difference in BTC price.
Gox holds an implied fiduciary power due to its standing as the face of BTC. That means making the exchange fair and equitable and not this capricious and arbitrary system of assclownery where a pure state of panic is allowed to ensue and reach a level of pure mania. The lag was over 75minutes at one time according to bitcoinity.
This is pure silliness, and sad. BTC has all these lofty ideals of being better than fiat. Really?
Look at the way late comers are treated. It's a eff them attitude, they should know better. LMAO. I bet most of the people who think BTC is some democratic commodity applauded the Trashbaggers at the OWS rallies because they were fighting the man. Now the man is they, and newb's be damned cause I (TheMan) gots my BTC and you can pry it from my cold dead fingers. But hey newb we need your fiat so we can make BTC worth more so we can be richer and sell BTC for more of that fiat we hate so much. The bipolar like hypocrisy is sadly humorous.
Mt Sux must reverse all trades back to the start of the fiasco. And BTC'rs need to reverse all attitude back to 2011.
I understand the rugged individualism aspect, especially with BTC pioneers, but if you want new people to adopt BTC there there has to be a modicum of reasonableness and reality in place. A newb has no reason to doubt Gox or it's alleged bonafides. To many newb's Gox is the spokessite for BTC. My first experience with BTC was the localbitcoins, but finding a seller with the BTC I wanted to buy was difficult. I then tried Bitfloor, cause I liked the idea of depositing $ in a bank account, but Bitfloor's volume sucked and no way was I paying the prices for the asks, though that ~$37 is looking pretty good now.
So I went to Gox. Everyone is going to Gox, Gox is BTC as far as everyone new knows. So goes Gox, so goes BTC. Don't believe me look at the prices for btc all because of Gox. If BTCe, Vircurex and five other exchages went off line and Gox was up, would anyone care? Prices may take a little hit due to the vast networks of bots trading the sites, but it wouldn't make much of a difference in BTC price.
Gox holds an implied fiduciary power due to its standing as the face of BTC. That means making the exchange fair and equitable and not this capricious and arbitrary system of assclownery where a pure state of panic is allowed to ensue and reach a level of pure mania. The lag was over 75minutes at one time according to bitcoinity.
This is pure silliness, and sad. BTC has all these lofty ideals of being better than fiat. Really?
Look at the way late comers are treated. It's a eff them attitude, they should know better. LMAO. I bet most of the people who think BTC is some democratic commodity applauded the Trashbaggers at the OWS rallies because they were fighting the man. Now the man is they, and newb's be damned cause I (TheMan) gots my BTC and you can pry it from my cold dead fingers. But hey newb we need your fiat so we can make BTC worth more so we can be richer and sell BTC for more of that fiat we hate so much. The bipolar like hypocrisy is sadly humorous.
Mt Sux must reverse all trades back to the start of the fiasco. And BTC'rs need to reverse all attitude back to 2011.
This is a great post, at the moment we are suffering financial De Ja Vu.
Gox sux and Gox is a 80% attack on BTC.
I understand the rugged individualism aspect, especially with BTC pioneers, but if you want new people to adopt BTC there there has to be a modicum of reasonableness and reality in place. A newb has no reason to doubt Gox or it's alleged bonafides. To many newb's Gox is the spokessite for BTC. My first experience with BTC was the localbitcoins, but finding a seller with the BTC I wanted to buy was difficult. I then tried Bitfloor, cause I liked the idea of depositing $ in a bank account, but Bitfloor's volume sucked and no way was I paying the prices for the asks, though that ~$37 is looking pretty good now.
So I went to Gox. Everyone is going to Gox, Gox is BTC as far as everyone new knows. So goes Gox, so goes BTC. Don't believe me look at the prices for btc all because of Gox. If BTCe, Vircurex and five other exchages went off line and Gox was up, would anyone care? Prices may take a little hit due to the vast networks of bots trading the sites, but it wouldn't make much of a difference in BTC price.
Gox holds an implied fiduciary power due to its standing as the face of BTC. That means making the exchange fair and equitable and not this capricious and arbitrary system of assclownery where a pure state of panic is allowed to ensue and reach a level of pure mania. The lag was over 75minutes at one time according to bitcoinity.
This is pure silliness, and sad. BTC has all these lofty ideals of being better than fiat. Really?
Look at the way late comers are treated. It's a eff them attitude, they should know better. LMAO. I bet most of the people who think BTC is some democratic commodity applauded the Trashbaggers at the OWS rallies because they were fighting the man. Now the man is they, and newb's be damned cause I (TheMan) gots my BTC and you can pry it from my cold dead fingers. But hey newb we need your fiat so we can make BTC worth more so we can be richer and sell BTC for more of that fiat we hate so much. The bipolar like hypocrisy is sadly humorous.
Mt Sux must reverse all trades back to the start of the fiasco. And BTC'rs need to reverse all attitude back to 2011.
I understand the rugged individualism aspect, especially with BTC pioneers, but if you want new people to adopt BTC there there has to be a modicum of reasonableness and reality in place. A newb has no reason to doubt Gox or it's alleged bonafides. To many newb's Gox is the spokessite for BTC. My first experience with BTC was the localbitcoins, but finding a seller with the BTC I wanted to buy was difficult. I then tried Bitfloor, cause I liked the idea of depositing $ in a bank account, but Bitfloor's volume sucked and no way was I paying the prices for the asks, though that ~$37 is looking pretty good now.
So I went to Gox. Everyone is going to Gox, Gox is BTC as far as everyone new knows. So goes Gox, so goes BTC. Don't believe me look at the prices for btc all because of Gox. If BTCe, Vircurex and five other exchages went off line and Gox was up, would anyone care? Prices may take a little hit due to the vast networks of bots trading the sites, but it wouldn't make much of a difference in BTC price.
Gox holds an implied fiduciary power due to its standing as the face of BTC. That means making the exchange fair and equitable and not this capricious and arbitrary system of assclownery where a pure state of panic is allowed to ensue and reach a level of pure mania. The lag was over 75minutes at one time according to bitcoinity.
This is pure silliness, and sad. BTC has all these lofty ideals of being better than fiat. Really?
Look at the way late comers are treated. It's a eff them attitude, they should know better. LMAO. I bet most of the people who think BTC is some democratic commodity applauded the Trashbaggers at the OWS rallies because they were fighting the man. Now the man is they, and newb's be damned cause I (TheMan) gots my BTC and you can pry it from my cold dead fingers. But hey newb we need your fiat so we can make BTC worth more so we can be richer and sell BTC for more of that fiat we hate so much. The bipolar like hypocrisy is sadly humorous.
Mt Sux must reverse all trades back to the start of the fiasco. And BTC'rs need to reverse all attitude back to 2011.
"No! I made a killing!"
I like how you assume people would say no because they "made a killing".
I like how you assume people would say no because they "made a killing".
Added a general "No" option, thanks for pointing that out.
"No! I made a killing!"
I like how you assume people would say no because they "made a killing".
I like how you assume people would say no because they "made a killing".
That.
I voted no, and I don't even have BTC on mtgox
It's everyone's personal responsibility everyone had a chance to make money or lose money.
"No! I made a killing!"
I like how you assume people would say no because they "made a killing".
I like how you assume people would say no because they "made a killing".
Agree. I didn't make any money out of it, but I still don't think it should be a reverse
Why? Everyone is responsible for the trades they place.
Yes, but an exchange with insufficient hardware to handle trades in just unacceptable.
we all knew the hardware was shit yet we still trade on it. No way should we go back in tme, whats done is done and I for one own 250+ more BTC then before!
The lag wasn't a secret, we all knew it was there, we all knew there wasn't sufficient resources to trade on time. I don't think anyone went in blindly.
Right now is the absolute best time to buy, you don't see massive dips like this every day, and when they happen, it's time to buy. BTC has been at $266 before, it'll get there again.
Right now is the absolute best time to buy, you don't see massive dips like this every day, and when they happen, it's time to buy. BTC has been at $266 before, it'll get there again.
And then it'll crash again, and then reddit will be full of people trying to kill themselves, again. Bitcoin is not a currency, it's a ponzi scheme.
The lag wasn't a secret, we all knew it was there, we all knew there wasn't sufficient resources to trade on time. I don't think anyone went in blindly.
Right now is the absolute best time to buy, you don't see massive dips like this every day, and when they happen, it's time to buy. BTC has been at $266 before, it'll get there again.
Right now is the absolute best time to buy, you don't see massive dips like this every day, and when they happen, it's time to buy. BTC has been at $266 before, it'll get there again.
"No! I made a killing!"
I like how you assume people would say no because they "made a killing".
I like how you assume people would say no because they "made a killing".
what? this ain´t a central planned market son, turn away or embrace
You ask for a decentralised currency with no central control and then want some central exchange to decide what is legitimate and what isn't. Classy.
Only half the transation is a decentralized currency. The other is highly regulated and must adhere to strict rules. If this was a barter exchange it would be another story. Allowing the exchange to run transactions with such a lag is irresponsible.
No. It's a free market. No reversal. You wanted to trade. Deal with it
black BTC Thursday
Hell no!
I've not traded a thing, but this shouldn't even remotely be discussed as an option!
I've not traded a thing, but this shouldn't even remotely be discussed as an option!
You should be aware that while trading has been suspended, the rest of the site still works. So there is no real way they can reverse the transactions, since money has already been withdrawn from those trades.
Or the trades that are fullfilled 1h30min after you place...
You still got the Dollars or BTC you wanted at the price you set.
You ask for a decentralised currency with no central control and then want some central exchange to decide what is legitimate and what isn't. Classy.
Why? Everyone is responsible for the trades they place.
Yes, but an exchange with insufficient hardware to handle trades in just unacceptable.
It's not like people haven't been warned the with 3 times it's happened before in the last few weeks.
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