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Topic: Trades on MTGox disabled? (Read 2957 times)

hero member
Activity: 1470
Merit: 504
February 24, 2014, 10:28:56 PM
#30
"[–]SarahCoinBit 1 point 3 minutes ago
It was a pleasure serving this community..marion and myself just got laid off."

Yup.

damn lol

SarahCoinBit stopped working for Gox weeks ago

I quoted what she posted verbatim...

Gox was broke weeks ago too... She obviously feels like she was "laid off" and it wouldn't surprise me if her departure wasn't for financial reasons.
hero member
Activity: 1372
Merit: 783
better everyday ♥
February 24, 2014, 10:26:06 PM
#29
Sorry to hear about people still having coins stuck at Gox, but the writing is definitely on the wall now.

End is definitely near(for Gox).
full member
Activity: 207
Merit: 100
February 24, 2014, 10:22:47 PM
#28
"[–]SarahCoinBit 1 point 3 minutes ago
It was a pleasure serving this community..marion and myself just got laid off."

Yup.

damn lol

SarahCoinBit stopped working for Gox weeks ago
member
Activity: 80
Merit: 10
Cryptocurrency, best creation ever!
February 24, 2014, 10:19:21 PM
#27
sounds good..
finally the community can start to grow again after the worm is dead.


Argh i know i cant wait for mtgox to close up shop.. Would be best for everyone.
Except people with bitcoins/fiat in there..
sr. member
Activity: 428
Merit: 252
February 24, 2014, 10:19:06 PM
#26
"[–]SarahCoinBit 1 point 3 minutes ago
It was a pleasure serving this community..marion and myself just got laid off."

Yup.

Whose that?
legendary
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
February 24, 2014, 10:18:19 PM
#25
"[–]SarahCoinBit 1 point 3 minutes ago
It was a pleasure serving this community..marion and myself just got laid off."

Yup.

damn lol
member
Activity: 77
Merit: 10
February 24, 2014, 10:15:49 PM
#24
sounds good..
finally the community can start to grow again after the worm is dead.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
February 24, 2014, 10:13:13 PM
#23
i find it so funny that people are still logging into MTGOX and trading..

don't you guys realise that MTGOX has severed its ties to the blockchain and to its bank, and all you are doing is playing with binary digits in a database....

and now even that database has severed its ties to the client-side page of the website where you lot want to place orders.

I presume that those poor speculators on there do its so they have more digits in a database to sue Gox in fiat if they go with a proportional reimbursement lawsuit instead of a winner takes all lawsuit. Trying to recover the most of their losses

At a loss for the proper legal terms

Proportional based on BTC

Alice had 100 BTC of the Pool of 20,000 Therefore gets 0.005% of any amount they receive in the claim divided by total bitcoins of all shareholders
Bob has 500 of 20,000 and receives 2.5% of the suit.
Distribution to their file holders based on the Bitcoins they held in fractions proportionate to their holdings.

Proportional Based on Fiat
____
Alice put in 5000 dollars and gets a % of her cash back instead of the Bitcoins held and bought them at the same price as Bob
Bob put in 5000 dollars sold his Bitcoins at 1000 then bought back at 200 dollars
Bob now has 5X as many BTC as Alice
If the suit is based on cash deposited they would still get the same % of cash back regardless of how the trading went
___
All of this assumes they are able to squeeze any money at all out of Gox

Sadly that's all the speculators can do with the binary numbers at this time.
newbie
Activity: 126
Merit: 0
February 24, 2014, 10:12:02 PM
#22
I heard a rumor that Mark accidentally destroyed a hard drive containing 1,000,000+ BTC by spilling a frappucino on it.
full member
Activity: 224
Merit: 100
hero member
Activity: 1470
Merit: 504
February 24, 2014, 10:10:17 PM
#20
"[–]SarahCoinBit 1 point 3 minutes ago
It was a pleasure serving this community..marion and myself just got laid off."

Yup.
sr. member
Activity: 434
Merit: 250
February 24, 2014, 10:04:14 PM
#19
lol
hero member
Activity: 680
Merit: 500
February 24, 2014, 10:02:25 PM
#18
i find it so funny that people are still logging into MTGOX and trading..

don't you guys realise that MTGOX has severed its ties to the blockchain and to its bank, and all you are doing is playing with binary digits in a database....

and now even that database has severed its ties to the client-side page of the website where you lot want to place orders.

There are speculators that should know better, but there are also real businesses that were using MtGox as well as a lot of newcomers interested in participating in the economy that didn't know any better, as well as payment processors and charities. Still, it's great that there are people like you that think this all to be very amusing.  Roll Eyes
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
February 24, 2014, 10:02:21 PM
#17
Well this is time of great rejoicing for me. Gox  -- the largest contributor to the largest number of crashes in bitcoin -- is just about completely finished.

This is great!

full member
Activity: 157
Merit: 100
February 24, 2014, 10:01:34 PM
#16
Quote
gox.com directs to mtgox.com

Holy shit.. memo could be true.  Cheesy

Can anyone confirm that? I don't click on links I don't know or go to bitcoin related websites I don't know.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 24, 2014, 10:01:00 PM
#15
I wish one the the larger Venture Capitalist firms would raise some money to buy out Gox, and try and restore it back to what it once was (and get users their money back)...
full member
Activity: 224
Merit: 100
February 24, 2014, 10:00:05 PM
#14
Exchange rate is very low on Bitcoinbuilder - are you guys going to just hold for now??
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
February 24, 2014, 09:58:26 PM
#13
Can the OP please correct the typo in the title?  Tongue
legendary
Activity: 4424
Merit: 4794
February 24, 2014, 09:56:15 PM
#12
i find it so funny that people are still logging into MTGOX and trading..

don't you guys realise that MTGOX has severed its ties to the blockchain and to its bank, and all you are doing is playing with binary digits in a database....

and now even that database has severed its ties to the client-side page of the website where you lot want to place orders.
full member
Activity: 224
Merit: 100
February 24, 2014, 09:53:36 PM
#11
Thanks for the replies and information guys,

What do you think this halt is all about? is there any technichal guy to say if there's a connection between shutting the trading/servers down and updating the accounting software? I mean... maybe, just MAYBE, they really are doing what they said they are doing - fixing the issue/s and resume withdrawals soon?

+1 Here with you bud - Nothing has been posted on Gox site yet - Just speculation and rumors (might have something to do with that story everyone thought was FUD re: 750K BTC lost) I am hoping that they are installing new implementation and going to allow external BTC transfers shortly  
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