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261  Economy / Service Discussion / Re: what if .... on: February 19, 2014, 10:39:25 PM
I am sure *they* are able to withdraw coins already ...
262  Economy / Service Discussion / Re: what if .... on: February 19, 2014, 10:37:56 PM
They will make a shitload of money  Grin
263  Economy / Economics / Re: So are only bots left on MtGox? on: February 19, 2014, 10:20:17 PM
I have fun buying cheap coins there  Wink
264  Economy / Service Discussion / Re: NEWS: MtGox resuming withdrawals on: February 19, 2014, 04:31:45 PM
This is the response for some days now, it is simply their way to tell you that they have not yet opened up withdrawals again.
Maybe some weird babelfish translation ...  Grin
265  Economy / Service Discussion / Re: POLL: Is Mt. Gox Solvent? on: February 17, 2014, 09:24:01 PM
Even if they had problems in the past 9 months (USD withdrawals) I can't believe that it is due to fiat shortage. My bet is that they are hard under pressure by some regulations - they told us about problems with compliance last year.
There was enough volume on MtGox in the last few months to fill their pockets on fees only and the last week gave them enough opportunity to fill their pockets on the price divergence between MtGox and the-rest-of-the-world coins ...
266  Economy / Service Discussion / Re: Is Mt. Gox out of fiat reserves: A back of the envelope calculation on: February 17, 2014, 09:18:43 PM
I doubt that out of fiat scenarios, they had plenty of opportunity to "fix" this lately (price arbitrage).

But I noticed that also EUR withdrawals started to take very long in the last 6 weeks, although after a while all withdrawals arrived.
267  Economy / Service Discussion / Re: Can't login to MtGox.com on: February 16, 2014, 10:18:15 PM
Anybody else having this issue? I tried in FF, Safari, and Chrome...?


No Problem here
268  Economy / Service Discussion / Re: Mt.Gox is Soon to Announce Maintenance on: February 14, 2014, 07:49:32 AM
This is very good news, at least for MtGox users.
269  Economy / Service Discussion / Re: MTGox SEPA Withdraw Delays on: February 12, 2014, 12:02:48 PM
I asked them to cancel my 4 pending EUR withdrawals after waiting for more than a month.
Instead I will buy some cheap coins and withraw them later to a different exchange once they fixed the current withdrawal issue.
270  Bitcoin / Bitcoin Discussion / Re: something fishy about Gox, need some inputs here on: February 10, 2014, 10:11:01 PM
I feel I am missing something here, so gox halted BTC withdrawals claiming that its is the protocol fault, we all agree on the bug and it has been known for a long time now, what I cant understand is how users are effected.

ok take a moment and hear me out, or in other words try to explain to me how this works:

1- I request a BTC withdraw
2- Gox hot wallet is empty
3- now 1000 user requests BTC withdrawals.
4- gox fill up the hot wallet to make it possible to withdraw or at the mean time they get enough deposits to proceed with the withdrawals.
5- the attacker is one of those users who did request a withdraw.
6- gox send TX1.
7- attacker change the TX1 to TX2
8- everyone get their Bitcoins regardless which tx is.
9- attacker claims that he didn't receive the BTC so they check their DB for TX1 and they agree on his claim and credit his account ( but again why, what about the other 999 user).
10- all the 999 user got their bitcoins and no one complains.


if we agree on the 10 steps above, then there is something fishy here, now when I see thousands of customers complaining about not getting Bitcoin withdrawals it makes me wonder how is this possible !!? because my logic tells me the 999 user shouldn't be effected, only the attacker who can claim on being "effected".

but for the last couple of weeks some people got their bitcoins when others didn't, how do we explain this ? anyone try to explain this to me ?

This http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac explains the situation pretty well ...
271  Economy / Service Discussion / Re: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! on: February 10, 2014, 05:36:20 PM
Now, can somebody hack their news CMS so we can modify the statement?
There is not much that needs to be changed:

"A bug in OUR bitcoin software makes it possible ..."
272  Economy / Service Discussion / Re: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! on: February 10, 2014, 01:55:55 PM
Great, this non issue got real FUD potential outside Bitcoin land.

I hope that MtGox already realized that this update they published on a problem in theIR bitcoin software will back fire really bad on them.
From a business perspective I would fire whoever is responsible for the published "excuse"
273  Economy / Service Discussion / Re: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! on: February 10, 2014, 11:41:03 AM
Wow, people are really trigger happy lately. All this selling on FUD ...

All the educated information already gathered up and linked in this and other threads is not describing the end of the (bitcoin) world.

It might take MtGox some while to clean up the mess they created based on the "flaw" in the protocol, which is more like a flaw in their implementation.
I doubt that much damage can come from this rather than more damage to their already scratched reputation. But we might se BTC withdrawals being unavailable from MtGox for some days to weeks ...

However, this whole story simply points out that there is room for improvement of the bitcoin protocol or implementation routines. The biggest hit this can potentionally cause is a code fork ... again nothing that should make anyone nervous who has the slightest understanding of software development.
274  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 05, 2014, 11:47:28 PM
Is there any reason I missed why Kraken - USD is not available on the charts?
I'd like to get this chart into BitcoinWisdom.
275  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2014, 10:49:47 PM
y'all been warned about gox repeatedly.  y'all saw the signals.  y'all been pointed at the signals over and over again.  very little sympathy will be obtained when you get wiped out.

The orders on the exchange are working perfectly, I just tried.

What do You suggest?

Confirmed withdraw transaction of 11.2BTC just now to my wallet from Gox. Gox is not a church but please don't spread FUD. Kthxbye.
Not spreading FUD. I would actually say the same to you. There are website that have recently came up just to keep track of all the messed up transactions. Their are people who have been waiting over a week for their BTC. Funny part is, ts always a large transaction that gets stalled for days, weeks. Yeah some get through fine here and their. The majority of BTC is being stalled or held when you try to withdrawl BTC. Funny how deposits work seamlessly, lol dont lye to yourself and the public and say GOX is ok. Its not. Rite now their worse than your average bank. Anyone using Gox is taking a huge risk, and thats the truth not FUD
OT
I usually get my payments out of Gox in BTC and EUR within the timeframes they announce. One BTC withdrawal around 0.5 BTC was somewhat delayed for about 3 days lately, but in the end it arrived. All this FUD about Gox seems a bit exaggerated IMHO.
/OT
However, it is a bit freightening to watch the current wall (LOW) being backed on Gox with rather high Buy orders suddenly popping up that only have the purpose to keep the price up. But the situation is the same on BitStamp (I am day trading on both exchanges), only less obvious.

I think that some whales make sure to prevent the easy to panic sheeples from panicking out because they expect some positive influence and rising prices.
If this ever happens and we see another rally ahead, mayhem will be upon us.
276  Economy / Economics / Re: Vast expansion of BTC utility/reputation - but no rise in BTC price? Why? on: January 30, 2014, 12:09:17 AM
The reason Bitcoin price doesn't rise because there is No Demand For It.
Yes, the acceptance has grown but people don't have any reason to buy BTC to purchase stuff.

The reason that bitcoin price was exploded in December is a lot of Chinese wants to move their wealth out of the country.
Of course they still do now but it's lot harder, since government is trying to stop it.


The late XBT price explosion is hindering it's value for payment because the price was growing a lot faster than the acceptance aka merchants accepting XBT.
The high price actually reduced XBT to a commodity like gold.

We should all wish for end to the december "bubble" - well, except for the speculators - and return to a reasonable price level to give an incentive for buyers AND merchants to get into (aka buy) and trade in XBT on the increasing number of acceptance points.
277  Economy / Speculation / Re: January 31st, Will China ban exchanger's bank transfers funding methods? on: January 29, 2014, 11:54:52 PM
The Chinese own between 65 and 80% of all Bitcoins! If they dump, it is the end of bitcoin!

I doubt you have even the slightest shred of evidence to back this up.  Like many others, I too am tired of your BS.  I'm adding you to my ignore list, hopefully everyone else does too and you can sit there in mute land ranting to yourself like so many others of your calibre do in mental institutions.

I cannot confirm. Using the ignore function is for fascists only.
If the chinese dump (sell XBT at low market prices) those coins will be much appreciated by buyers only waiting for this to happen Wink

And your assumption about the chinese holding 65% to 80% is completely off... Wink (ok, I can't counter proove this, you got me there)
278  Economy / Speculation / Re: Bitcoin is in the same positions as the Nazi's were in 1945 on: January 29, 2014, 11:48:15 PM
Bitcoin in China is in the same positions as the Nazi's were in 1945.

Some fanatics (SS) are still trying to save their dream (Third Reich) by trying to bypass laws and regulations enforced by the dominant player (Soviet-Union, it's just a coincidence China used to be/is Communist just like the S-U).

The fanatics in this case are, of course, the Chinese bitcoin fanatics, and/or those who have invested a lot in bitcoin and can not afford to lose. You could view the investors as the Nazi SS Death-Squads who were responsible for massacres. They could not surrender, it was either victory, or death.

They are hopelessly trying to bypass the laws and regulations enforced by the Chinese government. For example by trying to get money into the exchanges by using vouchers. The Nazi's, for example, used the Hitler Jugend (children) and the Volkssturm (grandpa's) as their last resort to fight off the Soviets. They, naturally, failed. It was just a temporary measure to extend the existence of the Third Reich by a few more weeks/months.

You could basically say this about the entire bitcoin network. It was very powerful in the beginning, it gained a lot of momentum, and it looked unstoppable. Until it faced the wrath of the Allied Forces. Ironically, the same countries which opposed the Nazi's during World War 2, are currently oppossing bitcoin:

- Russia (Soviet-Union) is extremely anti-bitcoin. They even mentioned that bitcoin users could face jail time.

-China (Japan & Nazi-Germany were part of the Axis forces. Japan fought China, making China & Nazi-Germany enemies) has banned Bitcoin.

-The United States isn't really positive about bitcoin either. The NY hearing was dominated by the anti-bitcoin speakers. The pro-bitcoin speakers did have some good arguments, but it was obvious that the only reason they were pro-bitcoin, was because they had some kind of interest in the survival of bitcoin (investments). Those who were anti-bitcoin, analyzed bitcoin from a neutral point of view, and explained the risk of bitcoin very well. A currency which can not be trusted because:

- The founder is unknown
- It could be dominated by a foreign nation / terrorist group (51% attacks)
- It is extremely volatile
- It is not backed by anything
- Transactions are public, but you can not trace the people behind the transactions

-----

This is the downfall of bitcoin, unfortunately. World War 2 started between 1939-1941, let's take September 1941 (Attack on Pearl Harbor). It ended +/- 4 years later. I expect bitcoin to be in the single digits by June 2014 (Operation Overlord).

-- Oh my gawd. This can not be a coincidence anymore. Too many similarities with World War 2. June 2014 - June 2014: 70 years since Operation Overlord started. This is it people, this is a confirmation that Bitcoin is going down. --

It was a nice experiment, but the First Bitcoin Reich will be destroyed by the world leaders. It is too great of a risk for the established institutions and governments.

Wow, my first impression was: What does this guy smoke.
But then it resulted in a  serious LOL experience Wink

Entertaining, at most.
279  Bitcoin / Bitcoin Discussion / Re: Las Vegas casinos begin accepting Bitcoin on: January 22, 2014, 12:27:30 AM
Nice story, I loved the part about the first telephone  Wink

This is one more - tiny - step to establish bitcoin and bring it to a wider audience.
280  Bitcoin / Pools / Re: [1300Th] Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 # on: January 19, 2014, 11:42:04 PM
Patience, young padawan!

You really make a fool of yourself in here...

PS: Check my join date in case you feel offended by my "newbie" status ...  Grin
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