Bitcoin Forum

Signs on the blockchain indicate that MtGox has processed a small number of external transactions today for the first time since suspending customer withdrawals earlier this month.

By using the MtGox API and blockchain forensics, a Reddit reader has uncovered evidence that some transactions have started to be processed. Plus there are reports that users are beginning to receive their previously requested bitcoins.

more details here :

http://bit.ly/1f8OgiC

What a spike.  If all withdrawals get processed, some insiders and gamblers will have made wild returns.

If they had any honesty about them they would have suspended trading on their exchange. This has been a giant scam to get Gox thousands of cheap coins at the expense of thousands of small-time panicked customers.

'Become an MtGox customer - and lose 80% of your money overnight.'

definately good news for ppl who have funds at mtgox. I hope everybody will get their money/btc back.

And all that looks like a dirty-dirty scam-insider operation to lower btc price for a short period of time.

Seems a great news ;D

Nooooo.. I mean Yesss but too soon gox too soon damit why why on the weekend arg.

BTC to 700$ !!! Come on !!!

Well, that's just speculation. The guy who found what he believes to be evidence makes clear that he is not sure of his claim. And anyway , those supposed small withdrawals does not mean much, can be anything even another bug

How bout we stop bumping this. Some of us are still waiting on ammo resupplys

Thanks in advance

LOL ... community needs to know, sorry Mr Shark  :P

 >:(

What if it's just a tactic to get people buying bitcoins because they'll think "They're testing withdrawal this means I will soon be able to!"?

i guess we will know that soon

I never met an honest bug, but I have met an honest-to-goodness market manipulator.

http://farm4.staticflickr.com/3801/12699975423_55378621ae_z.jpg

Its still going up  :(  

I don't know why I am always surprised when I see that people are so gullible.

No time for logic move aside

It is showing how sensitive bitcoin is to speculation, a random guys appears claimin supposed(and weak) evidence with tech information that 99% of people can't even understand and the price goes up by 100%.

Right. I expect Mt. Gox to "resume withdrawals" with lots of restrictions on them so people can't take out every BTC they have. Just like they did for USD and EUR. Then they'll announce loudly that everything is back to "normal". The suckers fell for that for months last time.

why would u want for BTC to go down ? just for your own good ?

How is this breaking news? Gox have been testing these transactions for several day now.

This x1000. Gox managed to manipulate the market. They will reopen and every single insider at gox is going to be filthy rich....

Bitstamp also fall

http://img716.imageshack.us/img716/94/hc37.jpg (http://img716.imageshack.us/i/hc37.jpg/)View Screen Capture (http://img716.imageshack.us/i/hc37.jpg/)

Going down already, the speculative hype is over.

Some running an exchange this incompetently shouldn't be on the board of the Bitcoin Foundation.

Please everyone sign the petition: https://www.change.org/en-GB/petitions/petition-to-remove-mark-karpeles-from-the-board-of-the-bitcoin-foundation

It doesn't cost anything and only takes a few moments of your time.

You mean the withdrwal are coming up in the future ?

Everyone with a brain and any knowledge of economics knew this was coming it's just no one could predict exactly when or what would spark it. The price was unsustainable with such a small market depth. Don't kid yourselves, Bitcoin adopters are still a very tiny group. We have been host to a lot of speculators which always drives the price up until they are done speculating.

Once Bitcoin settles down at a reasonable price we can start using it seriously for actual commerce and not shitty speculation.

States protects the MtGox crooks !
Now someone tells me someone if this conspiracy theory or not ?

http://www.coindesk.com/japanese-police-shut-down-protest-gox/

From Service Discussion:

@rammy2k2

I don't want it to go down. Just don't want it to go up just yet. Hey lets forget we are all still in the dark when it comes to Gox. Anyone seen Mark in the last 24 hours ? Could he be sipping frappuccinos on a private island as we type or maybe he's deep in the gox code working his ass off for his customers.

Me wishing the market one way or another has no effect either way so chin up dear chap :)

Just 13.9 milion usd to total collapse

http://img854.imageshack.us/img854/1133/2spz.jpg (http://img854.imageshack.us/i/2spz.jpg/)View Screen Capture (http://img854.imageshack.us/i/2spz.jpg/)

So $90 is total collapse ?  I don't really understand help me out here.

or 14.5 milion usd to $5 !

Here you have link and can check this: http://bitcoinity.org/markets/bitstamp/USD

Can we tell if this is true / official? The price has spiked $100 so far...

It's fascinating how the price plays on the psyche.

Someone claims MtGox is insolvent -> price goes down -> news must be right -> price goes down.

Someone claims things will be better -> price goes up -> that someone must be right -> price goes up.

Y'all might want to read gmaxwell's comments on reddit before you get too excited.

http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/

Small numbers of unicorns have been spotted in Yellowstone Park. Rangers are attempting to verify.  :P

BTC to 10,000$ !!! Come on !!!

:)

If you are suck form the situation about Mt. Gox, maybe overtake them

http://www.mtgoxtakeover.com/

A company that's already embroiled in multiple lawsuits and government investigations is hardly an attractive takeover target.

That's the nature of Hedge Funds ! No High Profit without risk

When my account was hacked and was emptied in July 2013, I fanatically asked MtGox for help and investigation. But every time I asked about it, I only got one sentence answer: Still investigating, like they don't really want to care. Never get any update, not even a final conclusion. I suspect their code was leaking to hackers, perhaps even intentionally by someone. It won't surprise me if they waked up one day and saw all their BTCs were gone. That is how bad I feel they handle security of their system.

prices on gox are up.
now 223.
was 120 just yesterday
hope for all gox members that it will go up normal value.
 

A Personal Message to Mark

Hi Mark

It is said, that you are afraid atm about your life. Yes, this is understandable. There are sure some nice people from good old Silk Road who have some BTC’s and money in your system. And they have their own methods of asking you for money.

But hiding and doing mysterious press releases will make situation much more worse. You will be found sooner or later and then they will punish you.

So take this offer, that professional people will help you in getting out of this situation. You can also invest some BTC’s to our account to make this happen. Me and my team here are pretty confident, that people will belive our findings.

If this situation will be handled down in a serious way, nobody will kill you.

But one thing has to be clear. You have to step down in any case.

Your time as CEO of MtGox is over. Otherwise MtGox is over. Or do you think anybody will trust you anylonger ?

So contact us and take this option.

Regards
Team MtGoxTakeover.com


death threat?

Hedge funds also have to comply with a whole lot of regulations in order to operate legally.  You're not going to get a lot of genuine interest unless you the public backing of people with a track record and without demonstrating an ability to be compliant.  Your website doesn't demonstrate any of those things at the moment.  It's not at all persuasive in convincing people that you have any genuine contacts or ability to pull off such an idea.  

It's basically a "nobody" asking people to give him money.  Your "Message to Mark" further undermines your credibility and could be construed as a threat, blackmail or both.  A genuine hedge fund isn't going to be writing letters offering to rescue someone from nasty criminals wanting revenge. You're basically acknowledging that MtGox is used for money laundering and that you want to take over a service you know is being used for illegal purposes.  That's more than enough reason for authorities to prevent you from acquiring MtGox even if Mark was willing to sell it to you.

Go peddle your idea on the SR forums.  Maybe your "hedge fund" can rescue the dark markets while you're at it.

If you think he's bad, you should see what the various SR disasters have brought out of the woodwork.

It would be fucking hilarious if he's been stupid enough to use his real name, though.  Implying that he's sufficiently connected to major SR players that he'd be able to get them to "call off the dogs" is gonna make him one hell of a person of interest to investigators still looking for more people to prosecute in relation to SR.  Fuckwit.

"MTGOX NOW BREAKING BITCOIN WITHDRAWALS"...sounds more appropriate thread title.

Anyone know how long an OKPAY deposit of fiat to mtgox takes?

why would u do that ?

Worth a hundred UKP to test the waters - I've done it anyway. Found another thread saying it takes 4-6 hours to show up on gox - then I'll buy 0.75 of a coin for 100 UKP - I'll let you know if I ever see the BTC...

Bull shit.

Nice use of the English language.

[edit] It's my hundred quid - not asking you for anything...

[edit2] and bullshit is all one word my friend...

Bitcoins tend to flow from weak hands to strong, and you sir, have balls.

Like my mum always taught me Yogi, you've got to be in it to win it :)

The only reason anyone should care if other people want to send money to MtGox is that it will allow them to operate a ponzi for longer if that's what they're actually doing now. 

If that's what people are actually worried about, then the answer is to get regulators to look into whether MtGox is in fact solvent.  That's going to have a far more immediate and greater impact on their operations than encouraging people to either boycott them or support them.  Anyone sending money to MtGox at this stage is motivated by greed and knows full well that they may never see their funds again.

Not true, some of us think all this insolvency talk is just FUD.


We will find out soon enough.


Anyone selling at gox at theses prices are going to feel cheated when the price goes back up again.

Hey repentance, have you involved yourself in bitcoin for greed or are you speculating?

I have made many gambles in my efforts to mine bitcoin such as joining group buys (and wondering if my miners will ever turn up). I've made enough profit to 'speculate' my 100 UKP and I'm willing to lose it (hoping I wont). I'm clearly not the only one as the gox price is jumping up fast. I don't care about the politics of gox and how people are so 'aggrieved at the abuse of bitcoin' shown by them. I see an opportunity, I can afford the gamble. I'm not greedy, in fact I'm quite a generous human...

BTC @ 300$ on mtgox and 600$+ on others, good news !

Gox earned a ton of money by manipulating the market.

Mark was caught with lies on a Gov form, the Feds confiscated millions of USD (last year) and now you expect him to be honest?  

All these test withdrawals are either invalid or not confirmed

https://data.mtgox.com/api/0/bitcoin_tx.php

https://blockchain.info/search/f73763efc856147662b1e543d49a110def90d7402becba47e30ab1b0dcb3f5b8

I think that a sign for the worst is yet to come :(

Mark did not lie on the Gov form since the time in which the form was filled has to be taken into consideration, the form was filled at a time in which Bitcoin was free for government regulation, and Bitcoin was at phase 1, that is it was being ignored by Banks, and regulators, as such Mark did not like, later on 2013 the law changed, and it was applied retroactively (applying any law retroactively should be ilegal) and then about 5 million of US dollars were confiscated.

This is a witch hunt against exchanges, then an attack on CEO Bitstant Charlie Shrem on money laundering charge on 1 million USD with full force of the law was applied, when HSBC for several hundreds of Billions was not even touched.
I am almost sure certain Charlie is innocent and even though he has not been convicted on any crime, he was force to renounce to the Bitcoin Foundation, I think that attitude is wrong he should at the very least given the chance to prove himself in court for the charge he was accused.

In regards to Mark he is also victim on a witch hunt by the US government in regards the confiscation of the 5 million dollars.

However Mark has had bad business practices from much before the attack by the US government, one of the first cases I remember was when they first started mtgox was an anonymous exchanged, and then early on to be compliant with kyc laws and regulations without any warning to their customers they would not release funds if you need not identify with several documents process which was fairly slow, and only after identifying yourself the fund would be released, this happened sometime in 2012, a decent thing to do at the time would be for their anonymous client to opt get and withdraw their funds. Since that occasion I wondered what happened to the truly anonymous account that could not be identified. Did they have their funds confiscated ? probably.

Some people are asking for more regulation, when regulation is not the answer.

Most of Mtgox problems starting with the regulators, first the enforcement of kyc rules causing problems with withdraws, then Mutum Milleguium shutdown by government, then Dwolla got scared of government regulations and blocked all Bitcoin transactions, so clearly regulators have cause lots of problems and damage to the Bitcoin community.

Anyway Mtgox was good during the early years, it is time to move on, and use more credible exchanges, and a lesson to be learned never store your money at an exchange, I over the years have had losses do to exchanges, but I am now much more careful.

Let do not forget.
1. first bitcoin gets ignored. 2009-2010
2. then they laugh at Bitcoin. 2011-2012
3. Then they attack. 2013-2014 ?
4. then we win, at phase 4 expect to see Bitcoin over 10k, possibly by 2015.

going back to exchanges what we really need to do, is make Bitcoin more anonymous, do not press for more regulation, if Bitcoin is to play at a fair playing more laws are not needed, same laws that apply for Dollar should apply for Bitcoin, but we do not need laws that only apply for Bitcoin and not the Dollar, and we really need p2p exchanges, it should be simply to implement this among p2p currencies, it gets more complicated when introducing fiat.

And finally do not go against the spirit of Satoshi.






   

Thats my finding as well. Nothing is being processed.

The reason they are not confirming is because there is no fee and so the transaction is only medium priority. This is probable because they are just testing and not as a result of a technical problem.

confirmed^

[update]

After the 8+ hour wait for my okpay fiat funds to reach gox, I managed to buy 0.68 coins for 100 UKP. Now I'll wait and see...

Shame you weren't able to get your funds in sooner... Good luck and may Satoshi be with you.

+1

Oh, I'm quite certain he's perfected withdrawals :)

https://bitcointalk.org/index.php?topic=484296.0

Looks like I lost my 0.68 coins... I can live with my gamble epic fail (ok not epic - it was £100) but I do feel sorry for those who had thousands/tens of thousands tied up in gox - I hope they see some of it back when the bankruptcy dust has settled...