Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: MPOE-PR on April 11, 2013, 03:10:22 PM



Title: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 03:10:22 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Minor Miner on April 11, 2013, 03:19:28 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.
Pigs feed, Hogs get slaughtered.
But, the one problem with BTC overall is liquidity.   I want to join an exchange and wire money and buy some BTC today.   Where can I do that?   I cannot find anywhere credible.   BTC-e looks a little sketchy to me but it has been trading 20 lower than the other markets and volume.    Bitfloor has not done anything on the people it owes money to (like issue them warrants or equity etc) so why would I put money there?
Basically, I would not leave money on any of these sites and if I trade into BTC, I would transfer it out immediately.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: VforVictory on April 11, 2013, 03:32:25 PM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: ThickAsThieves on April 11, 2013, 03:38:36 PM
I'll take the pledge.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: jojo69 on April 11, 2013, 03:42:33 PM
I'm actually OK with Gox surviving...as a much smaller player in a healthy ecosystem of exchanges.  They must be humbled, and forced to do a better job.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 03:47:38 PM
I'm actually OK with Gox surviving...as a much smaller player in a healthy ecosystem of exchanges.  They must be humbled, and forced to do a better job.

Yes, 7th down on the list, under much better alternatives, where their place is. Sure.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Minor Miner on April 11, 2013, 03:48:56 PM
because fiat is fungible and BTC is not.   BTC must get to the point where you can just spend it.  


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Brushan on April 11, 2013, 03:51:55 PM
I totally agree with OP. MtGox has become bitcoins cancer. They don't care about the wellbeing of the BTC economy, only profits. This is the second time they manage to crash bitcoin.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on April 11, 2013, 04:01:20 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: threeip on April 11, 2013, 04:03:32 PM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it :)


(*you cant eat a VPN or live in a bag of cocaine)


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: jojo69 on April 11, 2013, 04:08:26 PM


Oh mighty wise one, do you have a suggestion for a better exchange to use?



at the moment camp bx is updating and trending up to 94


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 04:10:28 PM
Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

Outside of otc trading (which for the record has been for the past year and looks set to remain the largest BTC market by volume - yes it was larger than the sum of all exchanges before today, yes it will certainly remain larger than the sum of all exchanges after today) you might try cavirtex for the west side of the pond and bitcoin-central for the east side. There's also btc-e and bitstamp. There's probably more.

It wouldn't hurt if somebody made a good exchange, but it's hard to do and some other newbs with fat on the brain a la Karpeles are emphatically NOT needed.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Minor Miner on April 11, 2013, 04:12:29 PM


Oh mighty wise one, do you have a suggestion for a better exchange to use?



at the moment camp bx is updating and trending up to 94

CampBX is useless.   "go to the post office and get a money order for $1000'????
WTF?   Fidelity must be quaking.    Why can't I wire money from china or hk there?  They worried that wire transfers are counterfeit?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: SBC on April 11, 2013, 04:20:31 PM
The problem isn't specifically Mt.Gox, it's the fact they like just about every other FIAT<->Bitcoin business, were wholly unprepared for the onslaught in demand. I cannot help but notice that Bitstamp (an often vaunted alternative) is as I write this, also offline.

Bitcoin as a technology seems pretty robust and fairly scalable but it is the supporting businesses that provide migration to and from traditional currency networks into Bitcoin and its derivatives that are the weakest link. There is no denying alot of this has to do with greed, FIAT<->Bitcoin businesses see huge profits if they realise the significant potential volume that has landed on their doorsteps, the only problem is their infrastructure (much like the recent upward swing in Bitcoin pricing) cannot sustain indefinite growth. Something has to give, and that something is more often than not the software underpinning these businesses. If a few of these businesses managed their numbers rather than operating an open door policy, it would be a win win for everyone. On the one hand some potential customers will be unhappy, but they at least don't lose any money and can always apply again. Likewise, the business can then scale its infrastructure gradually ensuring its existing customer base retains access to a functioning market... which is kind-of the whole point of this exercise.

 

  


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 04:33:31 PM
The problem isn't specifically Mt.Gox,

No, the problem is specifically MtGox. To understand this better:

- they are technologically inept. Trade engine melded into the webserver, seriously? In 2013? Seriously? After MPEx released enough information (http://polimedia.us/trilema/2013/mpex-tech-stuff/) about how to correctly design an exchange? They should have known better.

- they are untrustworthy. Here's a link to Karpeles straight out lying to me. This isn't the first time. They "are a victim of their own success (https://bitcointalk.org/index.php?topic=173512.msg1805916#msg1805916)"? Do you know where we've heard this before? Does Tom of bASIC ring any bells? He also was a "victim of his own success", ie, his incredible success at getting fools to part with their money and his incredible failure at delivering any sort of product or service.

- they have a charged history. To this day they are "the one thing that nearly killed bitcoin", they are "the idiots that leaked everyone's emails". They are a laughingstock (http://polimedia.us/trilema/2013/its-been-an-epic-few-days-what-happened/).

There's no further room in Bitcoin for MtGox. Let them go back to trading cards.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Minor Miner on April 11, 2013, 04:38:44 PM
The problem isn't specifically Mt.Gox,

No, the problem is specifically MtGox. To understand this better:

- they are technologically inept. Trade engine melded into the webserver, seriously? In 2013? Seriously? After MPEx released enough information (http://polimedia.us/trilema/2013/mpex-tech-stuff/) about how to correctly design an exchange? They should have known better.

- they are untrustworthy. Here's a link to Karpeles straight out lying to me. This isn't the first time. They "are a victim of their own success (https://bitcointalk.org/index.php?topic=173512.msg1805916#msg1805916)"? Do you know where we've heard this before? Does Tom of bASIC ring any bells? He also was a "victim of his own success", ie, his incredible success at getting fools to part with their money and his incredible failure at delivering any sort of product or service.

- they have a charged history. To this day they are "the one thing that nearly killed bitcoin", they are "the idiots that leaked everyone's emails". They are a laughingstock (http://polimedia.us/trilema/2013/its-been-an-epic-few-days-what-happened/).

There's no further room in Bitcoin for MtGox. Let them go back to trading cards.

I do not see the lying link


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: SBC on April 11, 2013, 04:53:10 PM
I cannot comment on your accusations, however if Mt.Gox were to disappear overnight it is doubtful the remaining contenders would be able to pickup the slack. Mt.Gox is a result of inadequate or inexperienced competition in a relatively new market. Much as many people here dislike traditional currency markets, they've had many talented individuals over many years to get them working. If you consider the banking system alone; 100's maybe 1000's of disparate banking networks globally all gradually harmonizing to permit the transfer of value. The magnitude of such a task is mind boggling. The fact you can get money from A-B without having to bring it over in a sack is quite the modern marvel.

As your article intimates; designing robust, reliable, scalable software is not simple, quick or easy. Software surprises you in ways you never thought possible, and massive scalability brings a whole new dimension to those surprises. Mt.Gox is not perfect, but calling for its head serves no useful near-term benefit for Bitcoin or it's adoption as a truly global medium for the transfer of value.

As a side note; that's a nice suit.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 04:54:54 PM
Here's a little something from mere minutes ago, since we're discussing deceitful MtGox:

Quote
Apr 11 19:39:11 <Scrat>   Apr11 16:38:39 mtgox             4.0000 @   123.40098    USD
Apr 11 19:39:12 <Scrat>   what
Apr 11 19:39:41 <Scrat>   there was a gox trade just now
Apr 11 19:39:55 <Scrat>   unless amphipod is trolling
Apr 11 19:41:51 <ThickAsThieves>   scrat that trade shows on mtgox.com too

"Trade frozen", eh? Sure.

As to the link: https://bitcointalk.org/index.php?topic=157360.msg1670345#msg1670345 "all cases where we have enough information and there's not some sort of site-wide outage causing it are resolved in 20 minutes".


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: bitcoinnix on April 11, 2013, 05:05:08 PM
CampBX.com looks promising although it's not much use to me until it works with LiteCoin in addition to BTC. 


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: codro on April 11, 2013, 05:08:17 PM
Looks like MtGox not only froze trading but also bitcoin withdrawals, I've withdrawn 4 hours ago prior to trade being stopped and even though it shows the withdraw in my account, there is no record of it in the blockchain whatsoever.

I'm mostly annoyed, and a little concerned.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: VforVictory on April 11, 2013, 05:09:23 PM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it :)


(*you cant eat a VPN or live in a bag of cocaine)

Buy a big bad of cocaine and presto?  ;D


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: onealfa on April 11, 2013, 05:11:29 PM
I am astonished.   What a crap  all over around  (all forums, portals, FB, twitter etc) ?  A "massive crash"  ?!

What ???!   A crash ???   
But we are simply where we all been only ONE (1!) week ago.  Just think of it !  ONE week ago.
How many days has passed since we all were  sreaming   "look !  BTC is already $100+  today !

I deeply believe that all these events has nothing to do with trust/believe in BTC, with the fundamentals of BTC

From the other side - WHAT can you expect, when MtGox, the largest exchange (70-80% market share?) has an operation  time lag of 4600-4800 seconds ! 
Grab you calculator and think again of what you got - that is a HUGE 1.2 - 1.5 hours  LAG  !!!

What king of trade (logical?) can you expect on such a crap system???
And compare this to a advanced FOREX, NYSE automatic trading systems, where   serious contenders would not even try their chances, unless their access delay (ping, lag, what ever you call it) is less then 1-2 ms ( mili-seconds, that is)

Think of it. 
While you can ( $ while MtGox is stopped for a cool-ff)


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 05:15:04 PM
I cannot comment on your accusations, however if Mt.Gox were to disappear overnight it is doubtful the remaining contenders would be able to pickup the slack.

What slack? What are you talking about? Anyone marginally sane can resolve 10 trades a minute, there's no slack there. Look: http://jezus.si/graf/dashboards/bitcoin/details/lag/

See that spike going into the 1 hour range? The fiat exchanges you marvel at the accomplishment and talented individuality of have 30-50 microsecond execution times. There's 1000 microseconds in a millisecond. There's 1000 milliseconds in a second. There's 3600 seconds in an hour. Three and a half billion times worse than microsecond lag.

So what slack. MtGox is not currently doing something. A dozen people with an excel spreadsheet could deliver their trade throughput. This is not hyperbolae, and it certainly is not on the level of claiming MtGox is "an exchange".


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: cavveman on April 11, 2013, 05:25:49 PM
You guys could try Vircurex as an alternative.
https://vircurex.com/
And there you can trade LTC also and various other alt-coins.

One thing that I am always surprised about mtgox, the fees. They have very high fees for trading btc. So I have no idea how they can be so big still.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: kaoD on April 11, 2013, 05:26:32 PM
Bombers? You meant firemen? Are you spanish/catalonian?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: marhjan on April 11, 2013, 05:29:50 PM
Wow...  I think hell must be freezing over.  I agree 100% with everything this MPOE mouthpiece says in this thread.  That truly frightens me lol

But - yes the PROBLEM is MtGox and more specifically that the btc is not yet ready for mass adoption.  We (the early adopter geeks) need to understand that the whole world is NEVER going to understand how to PGP sign a message let alone properly setup a secure bitcoin client/wallet.  Until our mothers are able to transact in btc easily and relatively securely we will see these wild and speculative swings.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Thursday on April 11, 2013, 05:35:48 PM
I whole heatedly agree.  Yesterday was a complete and total failure by Mt. Gox and the entire bitcoin experiment suffered because of it


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: moni3z on April 11, 2013, 05:36:57 PM
Gox has no excuse. They make multi millions but can't lease or buy professional trading engine software? They could even use QuickFIX C++ open source FIX msg trading engine, or go on Linkedin and find guys who work for MilleniumIT (the LSE trading platform) and pay them off the books cash to work on a custom trading engine with 130 micro second order latency http://lk.linkedin.com/in/raviweerathunge they will do it for the right amount of money.






Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: BitCoinsLOL on April 11, 2013, 05:39:58 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.
Pigs feed, Hogs get slaughtered.
But, the one problem with BTC overall is liquidity.   I want to join an exchange and wire money and buy some BTC today.   Where can I do that?   I cannot find anywhere credible.   BTC-e looks a little sketchy to me but it has been trading 20 lower than the other markets and volume.    Bitfloor has not done anything on the people it owes money to (like issue them warrants or equity etc) so why would I put money there?
Basically, I would not leave money on any of these sites and if I trade into BTC, I would transfer it out immediately.


When LTC went up to almost $6 on 4/3 there was parity with BTC between Gox and BTCe.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 06:37:25 PM
Bombers? You meant firemen? Are you spanish/catalonian?

No, I mean bombers (http://www.washingtonpost.com/blogs/worldviews/wp/2013/03/28/americas-b-2-bomber-practice-run-may-have-also-been-about-deterring-south-korea/).

Wow...  I think hell must be freezing over.  I agree 100% with everything this MPOE mouthpiece says in this thread.  That truly frightens me lol

But - yes the PROBLEM is MtGox and more specifically that the btc is not yet ready for mass adoption.  We (the early adopter geeks) need to understand that the whole world is NEVER going to understand how to PGP sign a message let alone properly setup a secure bitcoin client/wallet.  Until our mothers are able to transact in btc easily and relatively securely we will see these wild and speculative swings.

Welcome to the dark side. We have cookies.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Slix on April 11, 2013, 06:39:22 PM
I would like to see something like a crypto-currency exchange network created that could deal with bitcoin and altcoins alike. This could be some sort of p2p network that all exchanges (nodes) would be connected to. Trades would be processed along the lines of how the blockchain works and the nodes would only end up being fiat movers for their respective regions or countries, receiving a small fee for the use of their bank accounts. Add those bitcoin ATMs to that network and the average Joe would have a much easier time turning in their fiat.

This sort of system would promote a much better trade stability and offer some better resistance to DDOS. Not only that but merchants would have a way more accurate pricing index rather than relying on MtGox, who takes merchant websites/systems down along with them when they fail.

I'm sure I'm overlooking a lot of potential issues with this idea since I'm no banker or stock trader but if bitcoin is going to go anywhere, I fully agree that this exchange problem needs to be resolved or we will never gain any credibility with the general public.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 07:30:01 PM
I would like to see something like a crypto-currency exchange network created that could deal with bitcoin and altcoins alike. This could be some sort of p2p network that all exchanges (nodes) would be connected to. Trades would be processed along the lines of how the blockchain works and the nodes would only end up being fiat movers for their respective regions or countries, receiving a small fee for the use of their bank accounts. Add those bitcoin ATMs to that network and the average Joe would have a much easier time turning in their fiat.

This sort of system would promote a much better trade stability and offer some better resistance to DDOS. Not only that but merchants would have a way more accurate pricing index rather than relying on MtGox, who takes merchant websites/systems down along with them when they fail.

I'm sure I'm overlooking a lot of potential issues with this idea since I'm no banker or stock trader but if bitcoin is going to go anywhere, I fully agree that this exchange problem needs to be resolved or we will never gain any credibility with the general public.

The irc-based otc network does something along those lines.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: uMMcQxCWELNzkt on April 11, 2013, 07:45:14 PM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it :)


(*you cant eat a VPN or live in a bag of cocaine)

Everyone can buy my T-Shirts and other products with there Bitcoins soon, don't worry people. Feel free to help fund my Bitstarter project too (in sig) lol.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 11, 2013, 10:58:54 PM
When LTC went up to almost $6 on 4/3 there was parity with BTC between Gox and BTCe.

Okay, I've been mulling over this one for hours. What do you mean there was parity?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Luckybit on April 11, 2013, 11:15:01 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.


Exchanges need greater decentralization.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 12, 2013, 10:07:34 AM
Quote
<Scrat> ;;goxlag
<gribble> MtGox lag is 79.565712 seconds. During this time, light travels 0.159448795986 AU. You could have sent a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
<Scrat> wahahahahah
<mircea_popescu> Scrat well... it's 50x faster than 4000 seconds ?

Still a laughingstock (http://polimedia.us/trilema/2013/its-been-an-epic-few-days-what-happened/).


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: amincd on April 12, 2013, 10:20:19 AM
They're better than any thing else that exists. Make something better and people will come.

I just don't like the fact that MtGox is going to accept bitcoin clones like litecoin. I realize they're under a lot of pressure from altcoin backers, who would profit handsomely from diverting bitcoin investor dollars into their cheaply printed coins, but it's a road to inflation to include every bitcoin-variant that has a minor following.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on April 12, 2013, 10:40:08 AM
They're better than any thing else that exists. Make something better and people will come.

I just don't like the fact that MtGox is going to accept bitcoin clones like litecoin. I realize they're under a lot of pressure from altcoin backers, who would profit handsomely from diverting bitcoin investor dollars into their cheaply printed coins, but it's a road to inflation to include every bitcoin-variant that has a minor following.

No, they are literally worse than anything else that exists. Not just in Bitcoin, they are worse than any game trading site out there too.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: rpietila on April 12, 2013, 10:44:26 AM
I never thought I would have to agree with MPOE-PR  ;D

...after the crash I think MP is making a killing with his exchange, so perhaps we could be friends after all...


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 15, 2013, 06:05:17 PM
As per usual people who don't listen cry. Learn it already.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: mintymark on May 15, 2013, 06:17:59 PM
I Agree with OP. Vote with your feet people. I personally have found Bitstamp pretty satisfactory.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on May 15, 2013, 06:44:57 PM
Yesterday I sold the little remaining USD I had on MtGox (for 9.09 mB/USD, not the peak but better than the 8.47 I would have gotten just before the Dwolla news came out, or the 8.84 they are going for right now, but I digress) and transferred my bitcoins away. I can only assume that there are other people who are likewise doing one last transaction on MtGox and taking their money out, this will sustain the volume there temporarily.

My question is: how long do you think it will be before the daily volume for MtGox is no longer the number one exchange?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Stampbit on May 15, 2013, 06:46:27 PM
Use a competitor, stop feeding the beast.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: aceking on May 15, 2013, 10:45:59 PM
we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on May 16, 2013, 01:00:16 AM
we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.

No, that would be centralizing things too much.

Somebody should start a really professional exchange, why not you?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 16, 2013, 07:19:41 AM
we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.

No, that would be centralizing things too much.

Somebody should start a really professional exchange, why not you?

I rike the legulation palt.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: klee on May 16, 2013, 08:49:57 AM
Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

Outside of otc trading (which for the record has been for the past year and looks set to remain the largest BTC market by volume - yes it was larger than the sum of all exchanges before today, yes it will certainly remain larger than the sum of all exchanges after today) you might try cavirtex for the west side of the pond and bitcoin-central for the east side. There's also btc-e and bitstamp. There's probably more.

It wouldn't hurt if somebody made a good exchange, but it's hard to do and some other newbs with fat on the brain a la Karpeles are emphatically NOT needed.
I am waiting for Bitcoin Central to get back online with better site and security this time! I like they are more regulated. Also they need bigger volume...


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Atruk on May 16, 2013, 09:07:19 AM
Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

Outside of otc trading (which for the record has been for the past year and looks set to remain the largest BTC market by volume - yes it was larger than the sum of all exchanges before today, yes it will certainly remain larger than the sum of all exchanges after today) you might try cavirtex for the west side of the pond and bitcoin-central for the east side. There's also btc-e and bitstamp. There's probably more.

It wouldn't hurt if somebody made a good exchange, but it's hard to do and some other newbs with fat on the brain a la Karpeles are emphatically NOT needed.
I am waiting for Bitcoin Central to get back online with better site and security this time! I like they are more regulated. Also they need bigger volume...

... And stay away from web wallets, pay people back, etc.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: bracek on May 16, 2013, 10:11:59 AM
you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

he is doing something, what are you all whiners doing to help or improve ?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 16, 2013, 10:32:39 AM
you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

Fuck you. Go learn who you're talking to first, open your mouth second or not at all.

Quote
he is doing something, what are you all whiners doing to help or improve ?

I'm telling you to fuck off and go educate yourself.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: bitdragon on May 16, 2013, 10:54:56 AM
yeah, good idea-
you wish for others what you wish for yourself right?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 16, 2013, 01:07:28 PM
Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?



Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: ThickAsThieves on May 16, 2013, 01:13:03 PM
http://numismatics.pwnz.org/15may-dhs-seizure-of-mtgox-funds-held-by-dwolla/ (http://numismatics.pwnz.org/15may-dhs-seizure-of-mtgox-funds-held-by-dwolla/)


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on May 16, 2013, 01:33:38 PM
Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?



Take a look at WeExchange.co, (not com, that is confusing), I believe they are set up in Australia.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: RodeoX on May 16, 2013, 01:46:12 PM
I'm not a fan of monopolies, but I don't see Gox as a scam. I have never had a problem with them (so far) and it has never taken more than an hour to fund my account.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Theraty on May 16, 2013, 01:53:49 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.


Exchanges need greater decentralization.

The fact that more exchanges are appearing everyday, and all mt gox has to do is sit there and screw up is leading to this naturally.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Theraty on May 16, 2013, 01:56:37 PM
you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

Fuck you. Go learn who you're talking to first, open your mouth second or not at all.

Quote
he is doing something, what are you all whiners doing to help or improve ?

I'm telling you to fuck off and go educate yourself.

I respect your points of view but theres no need to attack others. Just take it for granted that they don't understand the situation like you do.

Chill and be happy    :)


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: PrintMule on May 16, 2013, 01:57:11 PM
Bitstamp for life.
BTC-e sucks donkey balls.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 16, 2013, 06:41:25 PM
Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?



Take a look at WeExchange.co, (not com, that is confusing), I believe they are set up in Australia.
Thank you Sir, will check them out.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: misterbigg on May 16, 2013, 06:52:55 PM
As much as I dislike this freakish boygirl's temperament, I have to give credit that this he-she has accurately predicted a lot of things. Coinlab comes to mind. If you can get past the hairy scrotum hiding under the mini skirt, shim actually has a lot of insights.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: hashman on May 16, 2013, 10:24:14 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

I'm not sure if this is the inteded reaction but I'm going to close this window and get bitinstant going for a cash gox deposit. 


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Bitvik on May 16, 2013, 10:43:39 PM
Coinlab would certainly agree...


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 08:55:48 AM
As much as I dislike this freakish boygirl's temperament, I have to give credit that this he-she has accurately predicted a lot of things. Coinlab comes to mind. If you can get past the hairy scrotum hiding under the mini skirt, shim actually has a lot of insights.

You and Mistery Miner with this interwebs gender weirdfunk. Are you aware a dozen or so BTC people met me IRL? There's pix published and so on and so forth?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: greyhawk on May 17, 2013, 08:58:25 AM
As much as I dislike this freakish boygirl's temperament, I have to give credit that this he-she has accurately predicted a lot of things. Coinlab comes to mind. If you can get past the hairy scrotum hiding under the mini skirt, shim actually has a lot of insights.

You and Mistery Miner with this interwebs gender weirdfunk. Are you aware a dozen or so BTC people met me IRL? There's pix published and so on and so forth?

Now don't go shattering his fantasies.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: abbyd on May 17, 2013, 09:24:55 AM
Coinlab would certainly agree...

...which is why I must come to Gox's defense. In my view they have been incompetent many times, but never outright SCAMMY.   
Whereas, Coinlab, with their nebulous do-nothing-but-sue strategy, strikes me as DODGY AT BEST. If we're making predictions,
I'll wager that Coinlab does nothing but fail in their current and final year of existence.

Gox has weathered plenty of storms, and they've managed to keep their doors open for several years now. Also, it's a former
geeky game card trading site, run by a French nerd, who incorporated in Japan. In many ways this is an embodiment of
Bitcoin's transnational character. Much more so than some Silicon Valley douchebags muscling their way in using a lawsuit...

I suspect MPOE is right, Gox won't last too much longer, given the burdens of the litigation and the DHS seizures.
You won't find me dancing on their grave, however.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: rpietila on May 17, 2013, 09:49:49 AM
As much as I dislike this freakish boygirl's temperament, I have to give credit that this he-she has accurately predicted a lot of things. Coinlab comes to mind. If you can get past the hairy scrotum hiding under the mini skirt, shim actually has a lot of insights.

Are you aware a dozen or so BTC people met me IRL? There's pix published and so on and so forth?

"Greetings, I am rpietila of the Zulus, and our words are backed with nuclear weapons."

Since it is a duty of any reputable secret service, to hinder your master from going to the United States, and therefore I am sure he took the fact into account by only sending a detachment (like I did (https://bitcointalk.org/index.php?topic=174620.msg2172520#msg2172520), albeit only after my hospitalization (https://bitcointalk.org/index.php?topic=174620.msg2166951#msg2166951)), perhaps he can send a third-in-command to meet my operations manager in Europe?

The motivation behind my humble proposal is as follows: Due to my restful quietness, I am unable to receive people, whom I don't know previously, as guests, and surely he is also taking the time of this conference as personal rest, due to his second-in-command being in another continent. So what if we also send our thirds to meet each other, and therefore establish a third-level diplomatic contact in some peaceful European country. I think it is obvious to both me and your master that, despite the mutual willingness to believe in the nonexistence of the other, the reality can be bent only by so much, and that limit has been reasonably reached by now.

I can send him alone or with a driver-cum-securityguy (you choose the size of the delegation) to any location in Europe in 24 hours if your master cares to accept my lowly overture.

Meanwhile we can continue minding our own business in calm peacefulness, unburdened by the people with whom we spend so much time that it really does wonders to send them all away for a few days, keeping only the staff necessary to take care of our minimum personal needs.

On-topic: MtGox delenda est.

EDIT: I will enter into deep storage in 60 minutes. It will continue up to 30 days, and the next meeting with the psychiatrist is scheduled on Monday. (The deep storage may be cancelled any time, but better hope nothing - this way I will get better sooner.) So forget about the proposal above, they believed it's too manic :( Lauri can meet you though in Finland but he is not allowed to leave the country as long as I am not in the communication loop. Or I can consider your offer while minding my own business.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 10:55:37 AM
Whereas, Coinlab,

It's not a X vs Y debate. Coin* (all of them, base, lab, whatever) are teh Yfail (http://polimedia.us/trilema/2013/ycombinator-continues-to-suck-jointly-and-severally/). This has no bearing on MtGox being teh fail, unrelated topics. We're not electing politicians here, to be confronted with a choice between self-entitled clueless arrogant fuckwit vs partially reanimated corpse. We can reject the entire slate no problem.

"Greetings, I am rpietila of the Zulus, and our words are backed with nuclear weapons."

Lmao Bitcoin's master troll to date has been playing Civ, too.

Go to Timisoara after your recuperation, you can buy each other wine and cigars.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: SGExodus on May 17, 2013, 11:47:09 AM
Instead of bashing a site that have served the community so well, to bring bitcoins from cents to dollar parity, and to where it is today, why don't you share about other good exchanges that you think the community can used?

The Chinese already has a decent exchanges that handled 30-40k btc transaction a day, btc-e are also serving the European community pretty well.  

Let market forces dictate who people trust and where they want to trade.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 12:19:09 PM
Instead of bashing a site that have served the community so well, to bring bitcoins from cents to dollar parity, and to where it is today

If this weren't so stupid it would be just a plain lie.

Listen here: what MtGox did for the community is deny and ignore reports about their security being poor for two weeks before being actually hacked, which nearly destroyed Bitcoin. That going from 30 to 0 did not destroy it is a testament to the power and worth of everyone else. What MtGox did do is pose the largest threat to Bitcoin's existence, unsurpassed in the entire interval and likely to never be surpassed.

After that what they did was ignore requests from the community to fix their engine, which to this day consists mostly of lag, alongside a litany of other perfectly legitimate requests I'm not going to bother to list for your noobish benefit.

All the while they sucked millions of dollars from the same community in fees, which they have utterly squandered.

MtGox is the enemy of Bitcoin (http://polimedia.us/trilema/2013/its-been-an-epic-few-days-what-happened/). More so than any state and more so than any government, more so than any one person, MtGox is the one thing that is Bad For Bitcoin.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 17, 2013, 12:36:12 PM
Errr, Emmm, at the risk of being impudent and at the risk of being told to go and multiply in a far off location, may I humbly suggest you lend an ear to E7 of the Let's talk Bitcoin podcast where it is more than adequately explained, by people who have more knowledge in their little finger than I would hope to garner in a lifetime, why Mt. Gox really is the only show in town.

Going to make a small donation to this most excellent show right now, with BTC purchased on Gox today, suggest you may do the same. ( make a small donation that is, feel free to get your coins anywhere you choose)




Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: greyhawk on May 17, 2013, 12:39:02 PM
Mt. Gox really is the only show in town.

Oh, absolutely. That it is, but not for the reasons you think it is.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: SGExodus on May 17, 2013, 12:46:43 PM
If this weren't so stupid it would be just a plain lie.

Stop living in your dream world.  Majority voted with their money and go with Mtgox.    

You don't bad mouth a service to kill the service.  You build a superior service to take away it's business.

Lots of people are trying now.   Go ahead and vote with your money on the new services.  

And if you think so highly of yourself, go convince your friends and relatives to invest in you and start something to compete.



Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 17, 2013, 12:57:26 PM
Mt. Gox really is the only show in town.

Oh, absolutely. That it is, but not for the reasons you think it is.

Care to elaborate please?

There is lots of innuendo here, lots of reading between the lines, fact is I've had no problems with Mt. Gox, no lag, no latency, money in, BTC out, they're doing everything I'd expect an exchange to do, in a timely manner, so what is the story?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on May 17, 2013, 01:23:13 PM
Whereas, Coinlab,

It's not a X vs Y debate. Coin* (all of them, base, lab, whatever) are teh Yfail (http://polimedia.us/trilema/2013/ycombinator-continues-to-suck-jointly-and-severally/).

I don't think it is fair to bash Coinbase just because they have a similar name to CoinLab. The link you cite seems to conflate the two as the same thing, but they are actually different, and it is just plain dishonest to make a mistake like that and not fix it in the article. That might be libel?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 02:25:45 PM
Stop living in your dream world.

Account created February 10, 2012. 4th post made February 28, 2012. 5th post made March 05, 2013. So...you bought it?

Care to elaborate please?

There is lots of innuendo here, lots of reading between the lines, fact is I've had no problems with Mt. Gox, no lag, no latency, money in, BTC out, they're doing everything I'd expect an exchange to do, in a timely manner, so what is the story?

Account created March 24, 2013.

Soo...there was some sort of solar flare in March or what? Did you actually read and comprehend the linked material or are you yet another one of the hands in ears "lalala I know better than all of you because I'm me and rain doesn't exist because my three weeks' experience doesn't contain rain"?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: SGExodus on May 17, 2013, 02:42:02 PM
Stop living in your dream world.

Account created February 10, 2012. 4th post made February 28, 2012. 5th post made March 05, 2013. So...you bought it?

Carry on whining.   

Bitcoin's survival and long term prospects depend on retard like you getting scam by untrusted exchanges. Your lost is everyone else's gain :)


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 06:24:14 PM
I don't think it is fair to bash Coinbase just because they have a similar name to CoinLab. The link you cite seems to conflate the two as the same thing, but they are actually different, and it is just plain dishonest to make a mistake like that and not fix it in the article. That might be libel?

And your assumption that they're different is based on what? (Tho I do chuckle at the implication that equating them is libel. To which one remains an unanswerable question).


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on May 17, 2013, 06:58:13 PM
I don't think it is fair to bash Coinbase just because they have a similar name to CoinLab. The link you cite seems to conflate the two as the same thing, but they are actually different, and it is just plain dishonest to make a mistake like that and not fix it in the article. That might be libel?

And your assumption that they're different is based on what? (Tho I do chuckle at the implication that equating them is libel. To which one remains an unanswerable question).

Global Bitcoin Stock Exchange (GLBSE), Mircea Popescue's Exchange (MPEx), both have exchange in the name, therefore they are the same thing!

Really, are they related in any way other than they both have something to do with bitcoins and their name starts with Coin?

Obviously equating them is insulting to Coinbase, which provides a service for exchanging bitcoins and USD, whereas Coinlab does ... something?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: madmadmax on May 17, 2013, 07:12:21 PM
Instead of bashing a site that have served the community so well, to bring bitcoins from cents to dollar parity, and to where it is today

If this weren't so stupid it would be just a plain lie.

Listen here: what MtGox did for the community is deny and ignore reports about their security being poor for two weeks before being actually hacked, which nearly destroyed Bitcoin. That going from 30 to 0 did not destroy it is a testament to the power and worth of everyone else. What MtGox did do is pose the largest threat to Bitcoin's existence, unsurpassed in the entire interval and likely to never be surpassed.

After that what they did was ignore requests from the community to fix their engine, which to this day consists mostly of lag, alongside a litany of other perfectly legitimate requests I'm not going to bother to list for your noobish benefit.

All the while they sucked millions of dollars from the same community in fees, which they have utterly squandered.

MtGox is the enemy of Bitcoin (http://polimedia.us/trilema/2013/its-been-an-epic-few-days-what-happened/). More so than any state and more so than any government, more so than any one person, MtGox is the one thing that is Bad For Bitcoin.

I think we are all well aware of the problem but can you discuss a solution? Can you propose any approach we might take towards establishing a decentralized secure exchange?

Also, Britney Spears, the Mt. Gox employee: http://www.youtube.com/watch?v=CduA0TULnow


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: abbyd on May 17, 2013, 08:19:21 PM

Stop living in your dream world.  Majority voted with their money and go with Mtgox.    

You don't bad mouth a service to kill the service.  You build a superior service to take away it's business.


Hard to argue with this. Even if you don't like this, it happened. As I said, Gox are still (for the moment) in business, and they've
earned the trust of their customers. Coin* have done neither of these things for any period of time. CampBX has promise, but
is headquartered in USA for the fail. BTC-E handles volume but doesn't seem 100% credible (gawd, that shoutbox....).

Setting up an exchange doesn't SOUND hard, but people get really prickly when it comes to their money...


Lots of people are trying now.   Go ahead and vote with your money on the new services.   

And if you think so highly of yourself, go convince your friends and relatives to invest in you and start something to compete.


So, basically, "shit or get off the pot".


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 08:33:21 PM
Really, are they related in any way other than they both have something to do with bitcoins and their name starts with Coin?

I guess I link this (http://polimedia.us/trilema/2013/ycombinator-continues-to-suck-jointly-and-severally/#comment-92229).

I think we are all well aware of the problem but can you discuss a solution? Can you propose any approach we might take towards establishing a decentralized secure exchange?

If I have to say get in the WoT (https://bitcointalk.org/index.php?topic=110861.msg1227871#msg1227871) and OTC one more time I'ma start broiling noobs. Especially the uppity sort, like the abbyd douche.

crud

Here's a newsflash: regurgitating what you think are Gramma Moses' bits of wisdom with universal appeal won't promote you into some sort of intellectual elite of Bitcoin.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: abbyd on May 17, 2013, 08:57:48 PM
Here's a newsflash: regurgitating what you think are Gramma Moses' bits of wisdom with universal appeal won't promote you into some sort of intellectual elite of Bitcoin.

You're funny, but you might not be as smart as you think you are... in this case, what you're doing is "arguing against reality". Time to re-think.

BTW I appreciate your crassness - these days people are a bunch of p*ssies and unable to take criticism.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 17, 2013, 10:30:33 PM
You're funny, but you might not be as smart as you think you are... in this case, what you're doing is "arguing against reality". Time to re-think.

Not really. Time for you to go check out what has happened to Bitcoin "realities" once I started arguing against them, past year or two.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 17, 2013, 10:57:00 PM
Stop living in your dream world.

Account created February 10, 2012. 4th post made February 28, 2012. 5th post made March 05, 2013. So...you bought it?

Care to elaborate please?

There is lots of innuendo here, lots of reading between the lines, fact is I've had no problems with Mt. Gox, no lag, no latency, money in, BTC out, they're doing everything I'd expect an exchange to do, in a timely manner, so what is the story?

Account created March 24, 2013.

Soo...there was some sort of solar flare in March or what? Did you actually read and comprehend the linked material or are you yet another one of the hands in ears "lalala I know better than all of you because I'm me and rain doesn't exist because my three weeks' experience doesn't contain rain"?

Sort of unfair to engage in a battle of wits with an unarmed person, but I need to make an exception in your case, mainly because you have the gall to post personal dissatisfaction as a PSA.

My engagement with BTC goes back about 2 years.

Because I'm not an expert I engage with people that really DO know of which they speak, people like Steve Gibson from sgrc.com, people on this forum, the tech press and more recently the " Let's talk Bitcoin" podcast.

Based on my experience I'll continue to support Mt. Gox, they've done me no harm at all, on the contrary I believe their service has been excellent.

Made a point all my life not to become susceptible to the negative influences of other people (SNIOPS), you Sir, are a SNIOP.

As for rain, we experience approximately 300 mm per annum here, but you get that, living on the edge of desert country, perhaps it's you that's a bit water logged.

Keith



Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: greyhawk on May 17, 2013, 11:15:35 PM


Because I'm not an expert I engage with people that really DO know of which they speak [...] the tech press



the tech press




the tech press


You're amusing. Can I book you? What does the rest of your programme look like?


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Blueberry408 on May 17, 2013, 11:39:22 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.


Dwolla basically proved to the world that Gox lied to someone on paper.  I would prefer to trust Dwolla, since I got it from Apple's App Store; and that's just because I believe that Apple takes more care with the apps as far as malware goes. The chain of trust lopped Gox off the trunk, so I'll never send another Satoshi thru it again!

If you do, doesn't it mean you are looking past the alleged deceptions.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: NedKLee on May 18, 2013, 01:25:48 AM
The problem isn't specifically Mt.Gox,

 Seriously? After MPEx released enough information (http://polimedia.us/trilema/2013/mpex-tech-stuff/) about how to correctly design an exchange? They should have known better.


Seriously? After I read the link supplied by YOU in your argument, you tell me MPex isn't tech press, well I'll be buttered on both sides.

And if you're using a quote, please include the whole quote, don't selectively edit, you deleted sgrc.com, the wisdom contained in this forum and the "Let's talk Bitcoin" podcast, very convenient.

Keith


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Bitcoin Oz on May 18, 2013, 04:34:08 AM
Mt Gox is the AOL of bitcoin.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: MPOE-PR on May 18, 2013, 09:07:37 AM
Stop living in your dream world.

Account created February 10, 2012. 4th post made February 28, 2012. 5th post made March 05, 2013. So...you bought it?

Care to elaborate please?

There is lots of innuendo here, lots of reading between the lines, fact is I've had no problems with Mt. Gox, no lag, no latency, money in, BTC out, they're doing everything I'd expect an exchange to do, in a timely manner, so what is the story?

Account created March 24, 2013.

Soo...there was some sort of solar flare in March or what? Did you actually read and comprehend the linked material or are you yet another one of the hands in ears "lalala I know better than all of you because I'm me and rain doesn't exist because my three weeks' experience doesn't contain rain"?

Sort of unfair to engage in a battle of wits with an unarmed person, but I need to make an exception in your case, mainly because you have the gall to post personal dissatisfaction as a PSA.

My engagement with BTC goes back about 2 years.

Because I'm not an expert I engage with people that really DO know of which they speak, people like Steve Gibson from sgrc.com, people on this forum, the tech press and more recently the " Let's talk Bitcoin" podcast.

Based on my experience I'll continue to support Mt. Gox, they've done me no harm at all, on the contrary I believe their service has been excellent.

Made a point all my life not to become susceptible to the negative influences of other people (SNIOPS), you Sir, are a SNIOP.

As for rain, we experience approximately 300 mm per annum here, but you get that, living on the edge of desert country, perhaps it's you that's a bit water logged.

Keith

I am not a sir, fucktard. You have not been "involved with Bitcoin" for the past two years. For one, if you had been you'd know that much. For the other, being involved means something else than what you think it does.

I can't believe he actually refers to the SpinRite idiot as some sort of expert. I can't believe he actually misreferences the guy's website address. I can't believe I can't find Gibson's hysterically hilarious piece about how he was attacked by some script kiddie in 2001 or thereabouts and how he "infiltrated his irc" (by means of the supersecret /join scryp7).

Please, let's not talk Bitcoin anymore, for we are talking out of our ass. And by we I mean you. Podcasts are a source now ffs. Go supernode somewhere.

the wisdom contained in this forum

...

the wisdom contained in this forum

...

the wisdom contained in this forum

He is talking about the wisdom contained in this forum. In an argument with the source of that wisdom.

http://25.media.tumblr.com/tumblr_l7b1rmco8n1qd6oreo1_500.jpg


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: davidspitzer on July 03, 2013, 11:32:23 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

I have been very satisfied with CampBX of late (im in the US so I cannot speak of their service levels in other countries and currencies) When I transfer to USD to dwolla it is virtually instant.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: adub on July 03, 2013, 11:45:33 PM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

I have been very satisfied with CampBX of late (im in the US so I cannot speak of their service levels in other countries and currencies) When I transfer to USD to dwolla it is virtually instant.

I like campbx too. I would like to see them pick up more US traders looking for a Gox alternative.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: shad0wbitz on July 04, 2013, 03:20:48 AM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it :)


(*you cant eat a VPN or live in a bag of cocaine)

I just bought a 2k Amazon gift card through Gyft.com and bought ALL KINDS of shit with it. So can you explain how you can only buy cocaine with it?

I have also gotten giftcards for Burger King, and other outlets.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: readonlyaccess on July 04, 2013, 05:48:41 AM
Why are we even trading decentralised currency meant to replace fiat for fiat in the first place? >_>

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it :)


(*you cant eat a VPN or live in a bag of cocaine)

I just bought a 2k Amazon gift card through Gyft.com and bought ALL KINDS of shit with it. So can you explain how you can only buy cocaine with it?

I have also gotten giftcards for Burger King, and other outlets.

Gyft is one of the best services i've found that accept bitcoin.  I literally use BTC to eat out for dinner, buy my shoes, see movies, etc...

If all miners used this service instead of dumping, I think the value would increase.


Title: Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.
Post by: Peter Lambert on July 04, 2013, 11:26:53 AM
Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

I have been very satisfied with CampBX of late (im in the US so I cannot speak of their service levels in other countries and currencies) When I transfer to USD to dwolla it is virtually instant.

I have been trying CampBX. I agree, transfers to and from CampBX using Dwolla are a breeze (If only it didn't take 4 days for transfers between dwolla and my bank ... but that is just the limitation of the legacy banking structure). I am still unsatisfied. CampBX website is extremely slow, even slower than MtGox. They do not seem to have the lag on orders like MtGox does, once you get an order placed it executes pretty much immediately. But placing the order is soooo slow, each page load takes 10-30 seconds, and you have to confirm everything twice. The CampBX website layout is also poorly done, I would like to have all the information in one place, but they have a separate page for every bit of information, so to check anything you need to wait for another 15 second page load. I didn't actually time the page loads, but that is my guess of how long they take on average. The main page is also obnoxious with the giant moving graphic splash, instead they should have a much smaller news section and the current market information.