Bitcoin Forum

Economy => Speculation => Topic started by: biafore on February 19, 2014, 03:41:24 PM



Title: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: biafore on February 19, 2014, 03:41:24 PM
Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: kireinaha on February 19, 2014, 08:07:29 PM
when has gox ever issued an update prior to 7pm local time? i suspect it will be at least 12 more hours.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: rmines on February 19, 2014, 08:09:38 PM
Exactly..
Also there are a lot of similar threads like this one, so I don't understand why you started this.
We'll soon find out what they'll announce.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: niothor on February 19, 2014, 08:32:00 PM
Nothing special will happen. We'll get an one page press release telling us that we'll get another update on March the 1st.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Ivanhoe on February 19, 2014, 08:32:33 PM
Nothing special will happen. We'll get an one page press release telling us that we'll get another update on March the 1st.
My guess as well.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: chesthing on February 19, 2014, 09:16:29 PM
These staggered announcements are just a stalling tactic while Mark and his cronies set up new identities and posh accommodations in remote tropical island locations. This is one way you retire early.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: grahvity on February 19, 2014, 09:38:04 PM
"Soon."


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: HairyMaclairy on February 19, 2014, 09:44:49 PM
Meanwhile fiat continues to pour into Gox as speculators chase arbitrage. Dumb asses don't realise they won't be able to get more than a trickle out when withdrawals are re-enabled.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: mb300sd on February 19, 2014, 09:48:53 PM
I'm buying some goxcoins right now, at these prices, I don't care if it takes months to get them out, as long as I do eventually.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: biafore on February 19, 2014, 09:50:19 PM
Meanwhile fiat continues to pour into Gox as speculators chase arbitrage. Dumb asses don't realise they won't be able to get more than a trickle out when withdrawals are re-enabled.
Well see who the dumb ass is. Its easy to follow other dumb-asses in their thoughts


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: kireinaha on February 19, 2014, 10:32:43 PM
Expect an "it's always darkest before the dawn" style announcement from gox this evening (japan). i've had the pleasure of working for a japanese company going under before, and this is exactly how they staggered it out.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: MatTheCat on February 20, 2014, 12:47:21 AM
Expect an "it's always darkest before the dawn" style announcement from gox this evening (japan). i've had the pleasure of working for a japanese company going under before, and this is exactly how they staggered it out.

LOL

"Midnight is where the day begins"

I like that. Very poetic.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: smoothie on February 20, 2014, 01:00:54 AM
Nothing special will happen. We'll get an one page press release telling us that we'll get another update on March the 1st.

This ^ would be my guess. More delays like "we are testing extensively for another 7 days just to make sure we know that we know that we know that we know that we know the system is good to go."


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: smoothie on February 20, 2014, 01:02:15 AM
I'm buying some goxcoins right now, at these prices, I don't care if it takes months to get them out, as long as I do eventually.

That's the gamble.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: GigaCoin on February 20, 2014, 05:50:11 AM
didn't the staff go back home by now ? This might not happen today


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: windjc on February 20, 2014, 05:54:16 AM
didn't the staff go back home by now ? This might not happen today

Didnt the last 2 updates happen around 7pm in Tokyo?


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: 404notfound on February 20, 2014, 06:01:11 AM
It's odd how it takes gox a week to deploy a fix for a problem that it supposedly found and other exchanges fix this problem within a couple days. The last couple updates did happen around 7pm. Probably around the time they leave the office so they don't have to deal with all the backlash lol.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: windjc on February 20, 2014, 06:07:12 AM
It's odd how it takes gox a week to deploy a fix for a problem that it supposedly found and other exchanges fix this problem within a couple days. The last couple updates did happen around 7pm. Probably around the time they leave the office so they don't have to deal with all the backlash lol.

I keep mentioning this but Andreas said that the Gox code was so bad that it could take them 2-4 weeks to update. I think many people underestimate how poorly their code was developed, thus causing updates to take many times longer than other exchanges. We just all default to assume its an easy fix.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: BitChick on February 20, 2014, 06:11:32 AM
It's odd how it takes gox a week to deploy a fix for a problem that it supposedly found and other exchanges fix this problem within a couple days. The last couple updates did happen around 7pm. Probably around the time they leave the office so they don't have to deal with all the backlash lol.

I keep mentioning this but Andreas said that the Gox code was so bad that it could take them 2-4 weeks to update. I think many people underestimate how poorly their code was developed, thus causing updates to take many times longer than other exchanges. We just all default to assume its an easy fix.

I think most people would be patient with code issues and be willing to wait for 2-4 weeks for withdrawals if they felt confident that the cash and coins were indeed there and would be available.  Gox has not been transparent and has left everyone feeling uneasy which is what caused such panic. 


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: derpinheimer on February 20, 2014, 06:19:09 AM
I wonder if Gox made an error and lost all the coins LOL

These are the horrors of bitcoin. So damned easy to lose.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: superduh on February 20, 2014, 07:14:51 AM
It's odd how it takes gox a week to deploy a fix for a problem that it supposedly found and other exchanges fix this problem within a couple days. The last couple updates did happen around 7pm. Probably around the time they leave the office so they don't have to deal with all the backlash lol.

I keep mentioning this but Andreas said that the Gox code was so bad that it could take them 2-4 weeks to update. I think many people underestimate how poorly their code was developed, thus causing updates to take many times longer than other exchanges. We just all default to assume its an easy fix.

I think most people would be patient with code issues and be willing to wait for 2-4 weeks for withdrawals if they felt confident that the cash and coins were indeed there and would be available.  Gox has not been transparent and has left everyone feeling uneasy which is what caused such panic. 

it takes like 2 weeks to just download the blockchain from scratch...


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Holliday on February 20, 2014, 07:19:29 AM
These are the horrors of bitcoin. So damned easy to lose.

o.O

I make multiple backups of wallets before I even fund them...

Bitcoins have to be the easiest asset to protect, I can make as many copies as I want! I wish I could do that with my car.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Holliday on February 20, 2014, 07:21:36 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Hyena on February 20, 2014, 07:25:56 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.

Maybe he lives in Niggeria or something?


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: superduh on February 20, 2014, 07:30:26 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.

Maybe he lives in Niggeria or something?

takes 2-3 hours per month for me. running stock reference client. maybe something is off. let me know :)


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: CryptoMinter on February 20, 2014, 07:33:12 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.

Maybe he lives in Niggeria or something?

takes 2-3 hours per month for me. running stock reference client. maybe something is off. let me know :)

It used to take a long time, back in early 2013. The reference client used some terrible flat file database system and it was basically disk I/O bound trying to download and validate transactions. The newer version switched to a different database type that is considerably faster, and typically network bound.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: 404notfound on February 20, 2014, 07:34:58 AM
Mt gox's custom client adds a loading queue and transaction malleability causes slowness and the bitcoin coders buggy software causes problems causing 2 week delays... or something like that


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: PirateHatForTea on February 20, 2014, 07:36:23 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.

Maybe he lives in Niggeria or something?

Dude, das racist.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: zero3112 on February 20, 2014, 07:39:58 AM
The blockchain has grown alot and is quickly approaching 20GB last time I downloaded it from scratch it took 5 days. The bitcoin qt is just slow I found it much faster just to use the torrent and have everything downloaded in less then 1 hour.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Jeezy911 on February 20, 2014, 07:42:10 AM
You guys are fucking nuts buying on Gox.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: southerngentuk on February 20, 2014, 10:11:53 AM
You guys are fucking nuts buying on Gox.
Nuts - Maybe
Stupid - probably
Brave - Absolutely

I know if I had a couple of $K kicking around that I could afford to loose I would take the chance.

There is opportunity, that does not come about often.  ;D



Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: rmines on February 20, 2014, 10:13:42 AM
It's odd how it takes gox a week to deploy a fix for a problem that it supposedly found and other exchanges fix this problem within a couple days. The last couple updates did happen around 7pm. Probably around the time they leave the office so they don't have to deal with all the backlash lol.

I keep mentioning this but Andreas said that the Gox code was so bad that it could take them 2-4 weeks to update. I think many people underestimate how poorly their code was developed, thus causing updates to take many times longer than other exchanges. We just all default to assume its an easy fix.

I think most people would be patient with code issues and be willing to wait for 2-4 weeks for withdrawals if they felt confident that the cash and coins were indeed there and would be available.  Gox has not been transparent and has left everyone feeling uneasy which is what caused such panic. 

it takes like 2 weeks to just download the blockchain from scratch...

More like 30 minutes if you download the torrent.
Have a look at this topic: https://bitcointalk.org/index.php?topic=145386.0


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: checkers6676 on February 20, 2014, 10:23:32 AM
https://www.mtgox.com/img/pdf/20140220-Announcement.pdf (https://www.mtgox.com/img/pdf/20140220-Announcement.pdf)


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: Richard Branson on February 20, 2014, 10:38:00 AM
Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours

Btw: You lost your 0.5btc bet with me  :P


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: cr1776 on February 20, 2014, 11:57:25 AM
it takes like 2 weeks to just download the blockchain from scratch...

That's odd, it takes me under two days from a clean install.

No kidding, unless I'm running 110 bps dail-up.  300 baud upgrade soon.


Title: Re: Its Thursday In Japan - Withdrawal Update Coming Within Next 12 Hours
Post by: niothor on February 20, 2014, 01:09:51 PM
Mt gox's custom client adds a loading queue and transaction malleability causes slowness and the bitcoin coders buggy software causes problems causing 2 week delays... or something like that

One of the those post I know it's soooo wrong and I don't have a clue where the hell to start and fix it.