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Bitcoin => Bitcoin Discussion => Topic started by: Anonymous on June 20, 2011, 07:17:01 PM



Title: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:17:01 PM
They failed to maintain their business. Contracts have been made and settled although there were devious parties involved but they aren't under the company's jurisdiction. Mt. Gox isn't a security force. They are an escrow. No vigilant justice should occur.

Instead of voiding people's trading contracts at large why doesn't Mt. Gox just hold itself liable and pay for the losses it caused directly? Why doesn't Mt. Gox just accept its failure? Why burden innocent traders for its negligence?

Again, personally, I think Mt. Gox should just be wiped off the map. They're done. They failed.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: TraderTimm on June 20, 2011, 07:20:07 PM
Letting the trades stand would be just like letting the blockchain fork due to an attack, and not letting the proper one replace it. Major exchanges do this, would your crusade extend to the NYSE and NASDAQ? In the end, the market will decide if Mt.Gox survives or not. I think they will, and bitcoin along with them.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: GeniuSxBoY on June 20, 2011, 07:21:21 PM
Personally, I think you should be wiped off the map for being ignorant.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:22:23 PM
Letting the trades stand would be just like letting the blockchain fork due to an attack, and not letting the proper one replace it. Major exchanges do this, would your crusade extend to the NYSE and NASDAQ? In the end, the market will decide if Mt.Gox survives or not. I think they will, and bitcoin along with them.


NYSE and NASDAQ have limited government liability. They are outlaws in the playing field of business and Mt. Gox is near that territory. If the market accepts this gambit, so be it.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:23:30 PM
Personally, I think you should be wiped off the map for being ignorant.
Enlighten me. I'm not here to have all of you agree with me. I am genuinely curious of what you think.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Bleak Morn on June 20, 2011, 07:25:11 PM
They failed to maintain their business. Contracts have been made and settled although there were devious parties involved but they aren't under the company's jurisdiction. Mt. Gox isn't a security force. They are an escrow. No vigilant justice should occur.

Instead of voiding people's trading contracts at large why doesn't Mt. Gox just hold itself liable and pay for the losses it caused directly? Why doesn't Mt. Gox just accept its failure? Why burden innocent traders for its negligence?

Again, personally, I think Mt. Gox should just be wiped off the map. They're done. They failed.

I can understand your point. Personally I think the same of United and American Airlines after 9/11.

Who should be the arbiter? The current and future customers of Mt. Gox.

If Mt. Gox handles this well then they will have the confidence of their users.

If they handle it poorly, they will lose confidence and business.

So the ball is really in their court. Do they want to stay in business?

Their actions will soon tell and customers will decide if their actions go far enough.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Bit_Happy on June 20, 2011, 07:26:46 PM
Letting the trades stand would be just like letting the blockchain fork due to an attack, and not letting the proper one replace it. Major exchanges do this, would your crusade extend to the NYSE and NASDAQ? In the end, the market will decide if Mt.Gox survives or not. I think they will, and bitcoin along with them.


+2,500,000 BTC
Major exchanges do this....
Rollback here we come, stay tuned for more exciting plot twists in the Bitcoin Drama.   :D


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: hazek on June 20, 2011, 07:27:37 PM
To the OP: NO WAY, mtgox after having to deal with all of this crap will come out of this crap way stronger and more secure than ever before. There's just no substitute for real life experience although unpleasant for teaching people lessons on how to sufficiently protect their business and I strongly believe mtgox has learned their lesson.

I will most likely stay there myself because I like the functionality of their site the most compared to alternatives and I also like how they handled most of this entire fiasco.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:30:25 PM
To the OP: NO WAY, mtgox after having to deal with all of this crap will come out of this crap way stronger and more secure than ever before. There's just no substitute for real life experience although unpleasant for teaching people lessons on how to sufficiently protect their business and I strongly believe mtgox has learned their lesson.
I wish this would apply to the FDA, the police and every other failing government service. If we can and will hold Mt. Gox liable in the future, so be it. I will agree with you.



Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Bit_Happy on June 20, 2011, 07:36:40 PM
To the OP: NO WAY, mtgox after having to deal with all of this crap will come out of this crap way stronger and more secure than ever before. There's just no substitute for real life experience although unpleasant for teaching people lessons on how to sufficiently protect their business and I strongly believe mtgox has learned their lesson.
I wish this would apply to the FDA, the police and every other failing government service. If we can and will hold Mt. Gox liable in the future, so be it. I will agree with you.



MtGox used to make "pennies a day", and now they were doing $1,000,000 and even $1.5M/ day in volume. They grew too fast, please just let the free marker decide, IMO.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Astro on June 20, 2011, 07:38:04 PM
You should probably practice what you preach and let the invisible hand of the market deal with MtGox as it sees fit. 


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: GeniuSxBoY on June 20, 2011, 07:38:47 PM
Quote
Enlighten me. I'm not here to have all of you agree with me. I am genuinely curious of what you think.



Fact 1: You know for a fact it's impossible to be perfect.

Fact 2: You know you've, in fact, made mistakes in your lifetime.

Fact 3: You know you've learned your lesson on many of your major mistakes.


Should nobody give you a second chance?

Example, someone sees you walk and slip on ice or trip over uneven pavement. Should they assume you fail at walking for the rest of your life?



mt gox is a lot richer and has a lot more resources than they had before starting this project. They are also smarter as a result of this incident. They've handled the incident better than expected. Don't be so quick to write people off.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:39:23 PM
You should probably practice what you preach and let the invisible hand of the market deal with MtGox as it sees fit. 
Heh, who says I am not advocating that?


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:40:31 PM
Quote
Enlighten me. I'm not here to have all of you agree with me. I am genuinely curious of what you think.



Fact 1: You know for a fact it's impossible to be perfect.

Fact 2: You know you've, in fact, made mistakes in your lifetime.

Fact 3: You know you've learned your lesson on many of your major mistakes.


Should nobody give you a second chance?

Example, someone sees you walk and slip on ice or trip over uneven pavement. Should they assume you fail at walking for the rest of your life?



mt gox is a lot richer and has a lot more resources than they had before starting this project. They are also smarter as a result of this incident. They've handled the incident better than expected. Don't be so quick to write people off.

A second chance and trust are not rights.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: hazek on June 20, 2011, 07:41:41 PM
To the OP: NO WAY, mtgox after having to deal with all of this crap will come out of this crap way stronger and more secure than ever before. There's just no substitute for real life experience although unpleasant for teaching people lessons on how to sufficiently protect their business and I strongly believe mtgox has learned their lesson.
I wish this would apply to the FDA, the police and every other failing government service. If we can and will hold Mt. Gox liable in the future, so be it. I will agree with you.

You forget that those agencies have government guaranteed jobs and insurances meanwhile mtgox is an independent private company striving for a piece of a very competitive free market in the purest sense possible. As I'm a strong believer in the free market being the harshest regulator there is. I also strongly believe that in the event that I'm wrong and mtgox does not learn from their mistakes, the market will punish them and reward someone else who does.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: 2weiX on June 20, 2011, 07:43:07 PM
IMHO they should've only rolled back everything lower than 20% from where it took the plunge.
I wittnessed the 1000pt crash in the DOW not long ago, and isn't that how they handled that?

Also, mtgox isnt governed or regulated by jack shit. they are going through a heapful of shit and asshattery to regain some of the trust by completely wiping the board clean. you could respect that.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: GeniuSxBoY on June 20, 2011, 07:43:33 PM
Quote
A second chance and trust are not rights.


That's your prerogative. It's your loss. It's your win.

Doesn't affect me.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:44:21 PM
Quote
A second chance and trust are not rights.


That's your prerogative. It's your loss. It's your win.

Doesn't affect me.

I'm glad we can agree. Hahaha.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Tasty Champa on June 20, 2011, 07:46:35 PM
I don't think they should be wiped off the map, but I think they should take the losses for the bad decision of allowing a 3rd party auditor way too much data.

I think that will make up for it, as avidly noisy people like me that just wanted to buy 50 at 13 will still indeed support them.


you can read about it here:
http://forum.bitcoin.org/index.php?topic=19192.0

It was only a request.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Astro on June 20, 2011, 07:46:54 PM
You should probably practice what you preach and let the invisible hand of the market deal with MtGox as it sees fit. 
Heh, who says I am not advocating that?

The very nature of your question implies an explicit action taken by a single person or regulatory body.  You've been exposed!

http://i55.tinypic.com/ohpo9t.jpg


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 20, 2011, 07:48:47 PM
You should probably practice what you preach and let the invisible hand of the market deal with MtGox as it sees fit. 
Heh, who says I am not advocating that?

The very nature of your question implies an explicit action taken by a single person or regulatory body.  You've been exposed!

http://i55.tinypic.com/ohpo9t.jpg

Accountability by force isn't limited to governments, you know. People could enforce these contracts by raiding the server by any means necessary.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: chihlidog on June 20, 2011, 07:50:50 PM
MtGox allowed my account to be compromised. A website dealing with a significant amount of assets allowed my information to be compromised, to put it more accurately. That is unforgivable. Others will view it differently, of course, but I certainly will never give Mt Gox a second thought from here out. They'll never have my business. No matter what.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: piggybank on June 20, 2011, 07:55:29 PM
They failed to maintain their business. Contracts have been made and settled although there were devious parties involved but they aren't under the company's jurisdiction. Mt. Gox isn't a security force. They are an escrow. No vigilant justice should occur.

Instead of voiding people's trading contracts at large why doesn't Mt. Gox just hold itself liable and pay for the losses it caused directly? Why doesn't Mt. Gox just accept its failure? Why burden innocent traders for its negligence?

Again, personally, I think Mt. Gox should just be wiped off the map. They're done. They failed.

Going by the official story, Mtgox has to do a rollback. There's really no other option. They were the victim of a computer hack and to allow the trades which happened following the crack to continue would be to be complicit in the crime. If this were real $//euro being taken from someone and handed out in the street it would be no different to what has happened with Mtgox.

What bothers me currently is how unreasonable and irrational people are being. The forum looks like a childrens playground currently. I've just come across thread (http://forum.bitcoin.org/index.php?topic=20139.msg252003#msg252003 (http://forum.bitcoin.org/index.php?topic=20139.msg252003#msg252003)) where people are talking about sexual acts and goats. Come on people. This is getting a little too Animal Farm (http://en.wikipedia.org/wiki/Animal_Farm (http://en.wikipedia.org/wiki/Animal_Farm)) for my liking. Many people have quite quickly showing their true colors in this.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: imperi on June 20, 2011, 07:56:51 PM
The forum looks like a childrens playground currently.

Currently? Don't you mean always?

LOL.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: AbeSkray on June 20, 2011, 07:58:03 PM
You should probably practice what you preach and let the invisible hand of the market deal with MtGox as it sees fit. 
Heh, who says I am not advocating that?

The very nature of your question implies an explicit action taken by a single person or regulatory body.  You've been exposed!

http://i55.tinypic.com/ohpo9t.jpg

Accountability by force isn't limited to governments, you know. People could enforce these contracts by raiding the server by any means necessary.

Or anyone who's fed up with Mt Gox could simply take their business elsewhere. We don't need to scream for a bloody revolution every week. Mt Gox messed up and customers got burned. If enough customers leave, Mt Gox will either die out, or improve itself to win customers back. No need to incite a mob.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: GeniuSxBoY on June 20, 2011, 07:59:33 PM
They act like other trading site's sh*t don't stink.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: flug on June 20, 2011, 08:00:41 PM
Again, personally, I think Mt. Gox should just be wiped off the map. They're done. They failed.

I wish you were my dad.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: piggybank on June 20, 2011, 08:04:13 PM
The forum looks like a childrens playground currently.
Currently? Don't you mean always?

Well, I'm too newb to know! :)

Did they ever implement the Karma system discussed in meta? I can't see it but I wondered if that was my user account lacking the priv.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: jerfelix on June 20, 2011, 08:08:40 PM
Going by the official story, Mtgox has to do a rollback. There's really no other option. They were the victim of a computer hack and to allow the trades which happened following the crack to continue would be to be complicit in the crime. If this were real $//euro being taken from someone and handed out in the street it would be no different to what has happened with Mtgox

One thing they could do is "man up" to their mistake.  All trades stand, and people who lost Bitcoins will have their accounts returned to the same amount of Bitcoins as there was before the negligent security issue.  THAT would be the right answer.

If I had buy orders in at a penny and a nickle (which I had as recently as 4 days ago), I would feel totally cheated if those orders were filled, and then Mt. Gox took the Bitcoins away from me.  It is VERY possible that my trade was independent of the "stolen" bitcoins - perhaps someone (or their bot) saw the market tumbling, and sold to get out, and I bought... this would be a transaction between me and that individual, and has little to do with the stolen coins.

Bottom line is that Mt. Gox was making BOATLOADS of money before the issue.  They SHOULD HAVE taken steps to prevent this from happening, and they didn't.  So now they should pay, bitcoin for bitcoin, every harmed individual.  No "transaction rollback".  If they couldn't handle the liability, then they shouldn't have taken on the liability (along with the associated profits for the past few months).

Even if it took YEARS to make everyone whole, THAT is the right answer.  



Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: carlerha on June 20, 2011, 08:09:01 PM
I don't see why you want mtgox "dissolved", it already took a pretty hard hit and it will be punished for it without you gathering acknowledgments for your opinions in this thread. People can think for themselves, and when considering which exchange to send their money to, the recent mishappening will probably not qualify mtgox to the top of their list of choice.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: adamstgBit on June 20, 2011, 08:13:42 PM
i have many question!

mt gox::"It appears that someone who performs audits on our system and had read-only access to our database had their computer compromised"

why and who are they preforming audits?

mt gox::" The unsalted user accounts in the wild are ones that haven't been accessed in over 2 months and are considered idle. Once we are back up we will have implemented SHA-512 multi-iteration salted hashing and all users will be required to update to a new strong password."


sooo the acc that was "hacked" was an acc that wasn't active for over 2 months and it had enoght bitcoins to cause such a crash?


does any know if Mt Gox. plan to try and find the hacker?

is trade hill required to "performs audits" as well?

what makes trade hills security better?



Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: unk on June 20, 2011, 08:37:00 PM
If I had buy orders in at a penny and a nickle (which I had as recently as 4 days ago), I would feel totally cheated if those orders were filled, and then Mt. Gox took the Bitcoins away from me.  It is VERY possible that my trade was independent of the "stolen" bitcoins - perhaps someone (or their bot) saw the market tumbling, and sold to get out, and I bought... this would be a transaction between me and that individual, and has little to do with the stolen coins.

Bottom line is that Mt. Gox was making BOATLOADS of money before the issue.  They SHOULD HAVE taken steps to prevent this from happening, and they didn't.  So now they should pay, bitcoin for bitcoin, every harmed individual.  No "transaction rollback".  If they couldn't handle the liability, then they shouldn't have taken on the liability (along with the associated profits for the past few months).

Even if it took YEARS to make everyone whole, THAT is the right answer.  

jerfelix seems exactly right about this.

mt. gox's reaction to the problem has been mountingly poor, in my view. they seem to want to avoid taking responsibility or acting as if they care about customer satisfaction, even though they have made substantial amounts of money from customers. either their marketing is very good or their community of customers is far too uncritical; it seems unfortunate for mt. gox not to be held to account because their customers have a misplaced sense of 'loyalty'.

in general, there's a remarkable lack of understanding of the business norms of exchanges and of contract law in these forums.

some myths and responses:

(1) myth: 'mt. gox has no choice but to roll back the trades; that's best for bitcoin.'

they do have a choice, and they're planning a rollback to satisfy their own interests, to cover their own liabilities for having lost customer funds. nobody benefits from a rollback except for mt. gox and the customer whose funds they allowed to be stolen.

(2) myth: 'it's common for exchanges to roll back transactions'

people hear that some transactions were 'rolled back' in the nyse flash crash and generalise that to this case, when the two cases are entirely different. i've explained this difference in other topics in detail, and moreover, not every trade in the 'flash crash' was rolled back.

mt. gox here is not reversing an exchange breakdown but attempting to reverse a theft of customer funds.

(3) myth: 'mt. gox has the right to do whatever they want, because the terms of service do not say otherwise'

in contract law, when a contract has a gap, the gap is filled in with implied terms that are typically drawn from business practices. a contractual gap does not give the party that happens to have power the right to do as it pleases.

(4) myth: 'people are responsible for all that happens when they use the same password on multiple sites'

users are partly responsible for their poor security practices, and mt. gox is also partly responsible for theirs. a leak of this magnitude is, in my view, probably unforgivable, particularly in a context where customers were trying to maintain privacy.

mt. gox seems to getting a free pass from people here for a very serious breach of privacy and security. people ought to be furious with them for this leak, and it wouldn't be wrong to ask for compensation for losses that resulted from the leak.

(5) myth: 'customers have no choice but to abide by mt. gox's decisions'

customers have many options that they can consider. legal action is a possibility, though an expensive one. additionally, dissatisfied customers can attempt to withdraw their bitcoins and then also attempt to reverse dollar transfers to mt. gox (through dwolla or their own consumer or merchant banks) in an amount that corresponds to what they assert is their legal right; consequently, mt. gox would need to sue them, rather than the other way around, if one of the parties was acting beyond their rights. there is no reason customers, rather than an unaccountable entity earning $70,000/day at their height, should be made to suffer losses as a result of this incident.

again, in case it matters, i don't stand to gain or lose from the rollback personally, and i've never had an account at mt. gox.

also, i don't want to overstate my argument. the situation here is complicated. i'm just trying to explain to people that it's not easy. i'm not sure a rollback would be wrong, but my contention is that mt. gox has not properly justified it yet.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: eturnerx on June 20, 2011, 08:39:38 PM
The market will decide what happens to Mtgox. Personally I'm going to keep trading with them. After an incident like this their security will only be stronger. I daresay other Bitcoin handling sites are working hard to improve security too.

All these people wanting the trades to stand and Mtgox to pay out of their own pockets: I guess its pretty damn easy to demand free money. I agree that rollback is the most elegant solution.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Jaime Frontero on June 20, 2011, 09:00:24 PM

What bothers me currently is how unreasonable and irrational people are being. The forum looks like a childrens playground currently. I've just come across thread (http://forum.bitcoin.org/index.php?topic=20139.msg252003#msg252003 (http://forum.bitcoin.org/index.php?topic=20139.msg252003#msg252003)) where people are talking about sexual acts and goats. Come on people. This is getting a little too Animal Farm (http://en.wikipedia.org/wiki/Animal_Farm (http://en.wikipedia.org/wiki/Animal_Farm)) for my liking. Many people have quite quickly showing their true colors in this.

more like "Lord of the Flies" than "Animal Farm".

we'll see how it goes when MtGox re-opens - what else they have to say, what they do, and what everyone else does.

< shrug >

reality is the final arbiter.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: myrkul on June 20, 2011, 09:09:45 PM
The very nature of your question implies an explicit action taken by a single person or regulatory body.  You've been exposed!

That picture is amazing.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: AtlasONo on June 20, 2011, 11:26:52 PM
So long as the price is reflected correctly, I will continue using mtgox without a doubt unless one of the conspiracy theories get some evidence.

Mtgox helped build bitcoin into what it was before sunday, unfortunately they were responsible for the shambled mess it APPEARS to be now but I see no reason why it can't recover quickly.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: BCEmporium on June 20, 2011, 11:35:32 PM
Nice to see you using Clark Kent's as avatar again, Atlas. Don't know why, but sounds more... you.

For the mtgox to stay or go, I don't give a damn, I registered an account to see how it was and ended up robbed @ mbc (I know my fault, same pwd, blah blah, sue me for trust mtgox, I probably deserve that), never traded there because I never got to understand wtf is "Liberty Reserve" anyway.  :-\
Their story doesn't seams right, thou and I don't see how they will reverse btc withdraws...


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: ixne on June 20, 2011, 11:40:28 PM
When, oh God, will we finally have a professional exchange where I can feel free to use the password "password" or "12345" without fear of reprisal?


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: BCEmporium on June 20, 2011, 11:44:09 PM
When, oh God, will we finally have a professional exchange where I can feel free to use the password "password" or "12345" without fear of reprisal?

My pwd was 14 chars long, upper+lower+numeric
anyway, a piece of cake for uncrypt MD5 crypt(pass,known salt) as it seams a miner or some miners probably used their incredible hash power to brutte-force it.

EDIT: To not mention I would probably be safer using "password" for password in any website where the owner isn't distributing dumps of his database than with any flavor of strong password there!


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Dobrodav on June 21, 2011, 12:00:29 AM
Dissolved or not, but mtgox, at least, should be sold to some more steady hands. Current owners should suffer for incompetence and greed.
They should suffer - not bitcoin.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Bleak Morn on June 21, 2011, 02:27:15 AM
mt gox is a lot richer and has a lot more resources than they had before starting this project. They are also smarter as a result of this incident. They've handled the incident better than expected. Don't be so quick to write people off.

Yes, and if they fail to fix things to the customer's satisfaction, they have more at stake. Might even coin a new term... you want to secure your websites so you don't get "Goxed". :D


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: d.james on June 21, 2011, 02:28:46 AM
by dissolved you mean just grab the coins/cash and run?


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: epii on June 21, 2011, 02:30:51 AM
Just wanted to say, I don't necessarily agree with your position, Atlas, but I want to +1 you for being one of the most consistently level-headed and insightful posters on this forum, and for having a particular knack for not feeding trolls.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: swusc2 on June 21, 2011, 02:32:09 AM
They failed to maintain their business. Contracts have been made and settled although there were devious parties involved but they aren't under the company's jurisdiction. Mt. Gox isn't a security force. They are an escrow. No vigilant justice should occur.

Instead of voiding people's trading contracts at large why doesn't Mt. Gox just hold itself liable and pay for the losses it caused directly? Why doesn't Mt. Gox just accept its failure? Why burden innocent traders for its negligence?

Again, personally, I think Mt. Gox should just be wiped off the map. They're done. They failed.

I think you failed as a newbie forum moderator and should be wiped off the face of the map and never allowed to return to this forum. Kind of understand how dumb you are being?


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: bittrader on June 21, 2011, 02:34:15 AM
Just wanted to say, I don't necessarily agree with your position, Atlas, but I want to +1 you ...

Shouldn't you be -1'ing people

hehehe


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: da2ce7 on June 21, 2011, 02:36:21 AM
It is peoples fair choice if they choose to use MTGox after this... If you forceful dissolve MTGox you are forcing people who might want to freely choose to use it not to.

In other words, you say that you can make a better choice than me where I should place my money.  So you are evil.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: epii on June 21, 2011, 02:38:27 AM
Just wanted to say, I don't necessarily agree with your position, Atlas, but I want to +1 you ...

Shouldn't you be -1'ing people

hehehe
XD  Touche.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: Anonymous on June 21, 2011, 02:40:52 AM
It is peoples fair choice if they choose to use MTGox after this... If you forceful dissolve MTGox you are forcing people who might want to freely choose to use it not to.

In other words, you say that you can make a better choice than me where I should place my money.  So you are evil.

I am not advocating forceful dissolution. I am only caimpaigning that others don't use it and have it dissolve from said boycott.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: da2ce7 on June 21, 2011, 02:43:09 AM
I am not advocating forceful dissolution. I am only caimpaigning that others don't use it and have it dissolve from said boycott.

I plan to continue using MtGox... MagicalTux has been nothing more than completely impeccable with my dealings.


Title: Re: Who would rather see Mt. Gox completely dissolved?
Post by: myrkul on June 21, 2011, 02:46:49 AM
I am not advocating forceful dissolution. I am only caimpaigning that others don't use it and have it dissolve from said boycott.

I plan to continue using MtGox... MagicalTux has been nothing more than completely impeccable with my dealings.

I do not plan on using MtGox... as of now. We will see how this resolves, later.