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Title: Petition To Request Mtgox Not Add Altcoins Post by: bootlace on April 10, 2013, 03:33:21 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Brushan on April 10, 2013, 03:43:27 PM signed
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: nobbynobbynoob on April 10, 2013, 03:44:15 PM Signed.
And I'm a supporter of litecoin but think Mt Gox has enough on its plate right now, just as the OP said. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: k99 on April 10, 2013, 03:46:39 PM signed as well.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Phox on April 10, 2013, 03:51:27 PM Signed.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: farlack on April 10, 2013, 03:51:52 PM BTC-E is doing like 4M a day in trades of litecoin, I don't think your petition is going to stop mtgox from making hundreds of thousands of dollars a day extra. Any CEO should be fired if they deny those profits because someone on some forums thinks its a bad idea.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: bulanula on April 10, 2013, 03:53:23 PM Signed.
Let the LTC crash ! Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Stunna on April 10, 2013, 03:57:47 PM agreed, mtgox needs to get a handle on btc first before considering other options.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: bassclef on April 10, 2013, 03:59:02 PM Yup, gox needs to get its shit together first.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: papa_snurf on April 10, 2013, 04:10:49 PM Signed.
I am all for alt-coins (let the free market sort the winner), but mtgox should get their shit together first. Their trading engine is bad there's no other way to say it. Real world exchanges routinely process billions of trades per minutes. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: superduh on April 10, 2013, 04:24:02 PM yes, please don't
don't confused people + fix all the many current problems! Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: solomon on April 10, 2013, 05:01:16 PM Do they even know about the lag? They seem to be proceeding with all these other projects, while neglecting the underlying fact: if mtgox doesn't work as an exchange, then it doesn't matter if i can access it on my phone, or if i can buy Trollcoin there.
The other exchanges must be preying that they do this. I'm kind of hoping that they do, if only to quicken their demise and get a better run exchange to market leader. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: tatsuchan on April 10, 2013, 05:05:31 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Ares on April 10, 2013, 05:11:40 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: pheaonix on April 10, 2013, 05:18:57 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: crazy_rabbit on April 10, 2013, 05:25:23 PM They obviously won't. Not with this crap.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: parno on April 10, 2013, 05:31:10 PM Signed.
where you get this news from though? Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Morblias on April 10, 2013, 05:44:56 PM Signed. They should concentrate on this first:
Code: {"result":"success","return":{"lag":3455446956,"lag_secs":3455.446956,"lag_text":"57 minutes"}}Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: sukiho on April 10, 2013, 06:09:27 PM 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?
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: virtualmaster on April 10, 2013, 06:31:51 PM 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. I don't find this a brilliant idea at least in this form.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. 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Dacm4n on April 10, 2013, 07:31:12 PM 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.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: podizzle on April 10, 2013, 07:51:05 PM 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 Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: kwukduck on April 10, 2013, 08:34:09 PM *signed*
For both performance reasons and to make a stance and show the bullshit scam alt-chains aren't worthy of attention. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: freequant on April 10, 2013, 08:45:32 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Savior on April 10, 2013, 08:54:51 PM Signed, please focus on fixing the lag.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: ltc_foundry on April 10, 2013, 08:58:16 PM Signed, please don't let the Magic the Gathering Online Exchange ruin LTC too.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Mjbmonetarymetals on April 10, 2013, 09:01:02 PM Single crypto coin exchange ? That's so 2012 , ;D
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: mpr20rt on April 10, 2013, 09:04:49 PM signed
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: nwbitcoin on April 10, 2013, 09:05:23 PM Totally and utterly disagree! :)
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! Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: ltc_foundry on April 10, 2013, 09:08:43 PM Bitcoin is not MTGox! well, only 70% of it is. Can I sign twice? Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: stdset on April 10, 2013, 09:12:07 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: glendall on April 10, 2013, 09:13:28 PM 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. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: dacoinminster on April 10, 2013, 09:45:24 PM signed
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: antibanker on April 10, 2013, 09:45:47 PM a huge scam
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: amincd on April 10, 2013, 10:53:43 PM Signed. Changing two things: block target time and hashing algorithm, and leaving every thing else exactly the same is not reason enough to split bitcoin-based cryptocurrency into two blockchains. It's in the interest of the bitcoin community, Mtgox included, to not let the network fragment.
If a bitcoin-variant provides an advantage, that advantage should be adopted by bitcoin. A single parameter change doesn't warrant introducing a reset blockchain with 10s of millions of coins in it and splitting the network between the original blockchain(s) and it. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: davidspitzer on April 10, 2013, 10:58:22 PM I have always wanted namecoin support - are they proposing to support namecoins or maybe they already are working on it?
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: patboy247 on April 10, 2013, 11:14:26 PM signed
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: NikolaTesla on April 10, 2013, 11:45:19 PM Signed
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: pekv2 on April 10, 2013, 11:47:16 PM Hell no. I am disgusted with quite a few of you that have signed.
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. 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. 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 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. Totally and utterly disagree! :) 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! Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: HappyBitCoinUser on April 11, 2013, 12:03:14 AM But I want to be able to trade my BTC for LTC without having to go through multiple websites
/not signed Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: amlorusso on April 11, 2013, 01:20:56 AM A petition? Did MtGox turn into a Monarchy, Government agency, or politician while I wasn't looking?
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: dree12 on April 11, 2013, 01:25:38 AM Signed.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: Razick on April 11, 2013, 01:34:34 AM 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. Signed. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: amincd on April 11, 2013, 01:51:40 AM I have always wanted namecoin support - are they proposing to support namecoins or maybe they already are working on it? Yes they are: https://data.mtgox.com/api/2/NMCUSD/money/ticker I too like namecoin, because it's not an attempt to be a near duplicate of bitcoin, and has a lot of innovation, but I'm not sure if now is the best time to add namecoin support for the reasons OP mentioned. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: cbeast on April 11, 2013, 01:55:53 AM Mt Gox can't even handle the traffic for ONE currency.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: bitcoiners on April 11, 2013, 01:58:32 AM You people are quite pathetic. I don't want to convert my btc or ltc to usd now with capital gains looming. LTC is perfect to trade back and forth with. The fact you are signing shows just how afraid you are of a true free market. Only one word for it. Pathetic.
Hell no. I am disgusted with quite a few of you that have signed. 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. 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. 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 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. Totally and utterly disagree! :) 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! Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: HappyBitCoinUser on April 11, 2013, 02:18:06 AM LTC is Silver.
BTC is Gold. I want both, and trade with both. Let them offer EVERY currency, and become biggest online exchange in e-currency. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: amincd on April 11, 2013, 02:22:43 AM Quote You people are quite pathetic. I don't want to convert my btc or ltc to usd now with capital gains looming. LTC is perfect to trade back and forth with. The fact you are signing shows just how afraid you are of a true free market. Only one word for it. Pathetic. Hyper inflation would make bitcoin-based cryptocurrency useless, and adopting any new blockchain with minor modifications would be the same as hyper inflation. Just because you're making a lot of money speculating in hypecoins doesn't mean others have to like it, and signing a petition to ask a company to not support duplicates of bitcoin is not against a free market since we're not asking for any laws against it. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: log2exp on April 11, 2013, 03:21:35 AM Signed. Better just focus on BTC and get the ecosystem stable.
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: repentance on April 11, 2013, 04:27:33 AM But I'd stop there, the rest need a year or two to prove there stable and that people actually want them. You realise that if those were the criteria there'd be no Bitcoin exchanges, either - Bitcoin itself is far from stable. Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: romerun on April 11, 2013, 04:38:07 AM actually, adding LTC will mitigate the chaos by not making BTC price grow too fast reaching big crash
Title: Re: Petition To Request Mtgox Not Add Altcoins Post by: amincd on April 11, 2013, 08:18:09 AM ^ By diverting investor dollars into a virtual clone of bitcoin, which is another way of saying inflation. Bitcoin was supposed to have a limited coin supply. This is the same thing as adding more coins.
It'll work for now, and make people who mine the easy to print coins and then hype them a lot of money, but in the long run, an endless number of blockchains being promoted as partners to bitcoin could discredit the scarcity of bitcoin-based cryptocurrency, and with it, its appeal. |