the REAL reason is cuz they probably lost their database cuz they never made a backupm, cuz mark kaspereto lost it when he laughed so hard at an anime joke that he spit milk through his nose  all over the company's only hard drive which was running caseless cuz he had 4 5830's in there and it was heating up the whole office.. Also the company's 'auditor' that mark dude was eating cheetos at the time and got cheeto dust all up in that sheeit so its totally unrecoverable..so they're just going off whatever u say it was..

uh uh mybitcoin users prepare to be....

selling dream interpretation for 1 bitcoins
sell 'u give me 1 bitcoin, then pick rock paper or scissors, then i pick rock paper or scissors, if i win i keep your bitcoin, else i give u 2 bitcoins'
sell compliment 1 bitcoin
sell a buncha 5$ tshirts with dumb logos for 30$ u can pay me 15$ and rest in bitcoins
sell video game cheat code 1 bitcoin
sell illegal warez from bit torrent for 1 bitcoin
sell buncha mp3s u can get for free on kazaa 1 bitcoin
sell free porn pics 1 bitcoin
sell 'leet coding services' 50 bitcoins whatever
sell 'u can donate as many bitcoins to my charity as u want'
pull my finger 1 bitcoin
Try to sell real thing, spend 2 hours arguing you a scammer or im a scammer, u pay first i pay first, i pay then chargeback, blah blah then finally 'no deal'

'The Bitcoin Economy'

someone keeps repeatedly changing my wallet address on BTCGuild, but the payout lock owned them the first time, and the email-verification owned em the second time... hax away hax0rs.. i spose.. the box has nothing on it but ubuntu and the miner running so even if the box is compromised they cant get anything

A++ to btcguild for some common sense security maybe u should give mark kaspareto some lessons...

I can always tell how bitcoin prices and difficulty are doing by the number of messages I get for my sales thread.. of course 90% are people who want to buy gear going for 500$ on ebay for 300$ worth of bitcoins, and me pay shipping to nova scotia. and then not getting paid until i ship the goods and they test it run it and overclock it and it runs fine for 2 weeks then maybe they pay me, etc.. etc.. ahhhh bitcoins.

you guys are fools if u dont think the EXACT same thing is happening here.. anyone with significant deposits is already putting in reversals (me included) and will withdraw as soon as possible.

even if gox was TOTALLY legit this mass exodus is enough to

A) have all major payment services DROP them due to excessive fraud risk because of the reversals
B) the bank they're running out of will probably also shut them down, see A)
C) most of the player account balances have probably already been spent/withdrawn.  They keep enough on-hand to slow-pay people withdrawing.  This is yet another hallmark of a scam/scheme... slow-paying, robbing peter to pay paul, etc.  Til it all collapses (collapse imminent)

yeah, they'lk be up and running again (with a minimal site that they're loathe to put money into), but good luck withdrawing... lol.

Who is this mark kaspereto or whatever?  I mean chris gavin i've seen him talk.. i trust him.. but just cuz bitcoins are solid doesnt mean all the players are saints.. if anyone knows the mark kaspareto ask yourself.. does he like the finer things in life? does he have a supermodel GF, flashy cars, etc.. if he does.. u can kiss yer money goodbye lol.

no i was going to use this compuer as a dedicated miner cuz im not sure how safe it is security wise.. does guimer require the bitcoin client also?

yeah streisand effect hey everyone anyone need a good math teacher for their kid ted kazinski is giving lessons also i hear bernie madoff is starting a new hedge fund so im sure it'll all rock.. also hey man enron shares are going dirt cheap.. any publicity is good publicity AM I RIGHT GUYS AM I RIGHT?!!?!?!

PS who is that a picture of... i shall begin to worship that creature as my new god.

biostar TA890FXE 140$
radeon 5830   140$
sempron 130 +fan     40$
sempron 140 + fan 40$
kingston 1gig DDR SRAM  13$
PCI-e risers (16-16xh  10$
8g flash drives with ubuntu + mining stuff:  14$

im in schaumubrg near chicago,il if you are in the neighborhood you can pick it up in person and see it running
i have multiple rigs


cards were never overclocked.. also have some 6870s but more expensive

gives an error like 'startup failed due to configuratoin file, try reinstalling'
i reinstall, but does not fix

I have Windows XP2 SP3, 11_6 catalyst and 2.4 drivers.. Radeon 5830 card.

im mad cuz the hax0rs hax0r'd me b4 i could learn hax0ring and hax0r them first.
teach us the ways of the hax0r oh mighty hax0rl0rd
I'm afraid to learn hax0ring cuz u gotta go t0 a hax0r site that has a FPROT YOUR TARBALL script that instantly hax0rs your computer THRU A JAVA INJECTION and then automatically runs a gay walrus porn server on your computer and the FBI comes in with bazookas, seizing your computers.

PS i searched for LAZER HIZE MIND on yahoo and this thread came up #1 already indexed within 30 seconds lol

I also predict that new mt gox passwords will be longer than the hashes, else password rejected as insecure

password: 12iu1287fas90sdfouisdfoiuwejz93jlkjad93mlsafd9
hash:       j12j90asdfuoi1u29123912j1lk1291jl129j11jhr

sorry password is insecure, please include capital letters

Typically in these scenarios the owners dont set out to be crooks.. they dip into the funds with the intention of 'putting the money right back'.. then something goes wrong, like i dont know, like this major hack, or a law suit, cease and desist letter from the japanese money laundering authority, whatever.. some unforseen circumstance. Also, the writing is on the wall here... the days of easy money are over.. BEST CASE scenario if mt gox even recovers at all will be a fee war with trade hill, severely diminishing margins.   Their best days could very well be behind them.  And that 0.65% (lower now) and diminishing volumes as they share their pie with tradehill... fee compared to 100% theft is a 300:1 ratio or so.

Logically presented with this opportunity I personally could see the temptation with 2 alternatives, one a bankrupt mt gox with a difficult legal future, with stiff competition from tradehill, and potential legal threats from authorites.. and a one time score.  


you dont get it.. the very access to the money is a corrupting feature that history has PROVEN very few people are above, this is why these regulations have ssprung up over the years..  I bet you even bernie madoff started out totally legit.

its easy to make money if u run an exchange with no regulation

http://en.wikipedia.org/wiki/Front_running

Guys this is the #1 question u should be asking right now and this drives at the heart of human motives.  Let me explain to you what's probably going on here

These guys are running an exchange/brokerage, whatever, maybe not legally so but typically the way companies like this are set up is

they have profits/operating expenses, etc (this for mt gox would be their 1.3% fees for profits, expenses would be rent , salary, utilities, etc)
but there's also another account which is typically in a TRUST that holds CLIENT BALANCEs.. to cover withdrawals and deposits.   This trust typically
put ths bank signer as a lawyer or accountant or some impartial third party who's fiduciary duty is to make sure THE SHIT DONT GET STOLEN.

Why... all this red tape and overhead?  Well... we've learned over the last 100 years or so that when u dont have this third party.. THE SHIT ALWAYS GETS STOLEN.

So here's what could very well be happening.  Mercedez or whatever gets fast and loose with the company books.. sure he's making alot of money but he overextends and buys i dont know.. a luxury apartment in tokyo,
or maybe he buys alot of call options on a 'sure thing', figuring he can put the profits back i nthe company account before anyone notices.  

Now think what started happening the week before the hack?  They were having trouble with the 'dwolla API' and people were slow in getting money out.   This means he's using peter to pay paul, banking that
not everyone will ask for withdrawals at once, etc .  But then what happens? a hack.. a panic.. suddenly everyone wants their money out.  They issue reversals thru their banks and credit cards.

Only the money isnt there anymore.. because the owners have been paying it out to themselves as dividends, or salaries (whatever is most tax efficient), or investing it in stocks, or just outright hitting the casino with it, because there was never a fiduciary trust set up to prevent

when a crisis like this .. THE FIRST THING THAT SHOULD HAPPEN IS THEY SHOULD RELEASE A FINANCIAL STATEMENT (CURRENT BALANCE) THRU AN ACCOUNTANT FIRM IN JAPAN THAT HAS THEIR FIDICUIARY ACCOUNT BALANCE AND MAKE SURE ITS NOT ZERO!  Because if they cant produce this balance.. guess what guys.. you can be sure it IS zero.  Right now ALL  REAL information is going through 1 or 2 guys.. period.  This is a CLASSIC sign of fraud.

Them not releasing this information to the public is A MAJOR PROBLEM.  Then they start playing games with stalling and approving low balance accoutns first, cuz if theres a panic its not the price of bitcoins they worry about its their own solvency.

PS THIS IS HYPOTHETHICAL ( I DONT WANNA GET SUED FOR LIBEL )..  But this little scenario plays out  TIME AND TIME AGAIN and is the first place your thoughts should go
WHHAAAAAAAAAAAAAAAAAAAAAAAARS THE MONEY GUYS? Its not 'paranoid' to want to see the trust account balance, its  STANDARD OPERATING PROCEDURE

the hackers had access to a transaction log for a friend of mine who deposited 5000$ (number changed for security purposes but it was in this ballpark).. they knew his dwolla account and specifically targetted him with a phishing mail that had his DWOLLA account number on it.  He called dwolla and showed them the phishing mail.  The hackers had access to FULL TRANSACTION HISTORIES.  Noone else knew his dwolla account and he used a secure gmail to register it.

So using balances to verify is dumb.. the #1 thing should be using the associated email.

Use your freaking brain guys.. if the hackers had the entire account table + hashes.. what kind of stretch is it for them to have access to the transaction tables too?  Just because they didnt publish the transaction table on a hax0r forum doesnt mean they didnt have it.  The only reason they relased the password hashes was SO PEOPLE COULD CRACK THE HASHES FOR THEM.  NOT TO BRAG.  NOT FOR THE 'LULZ'

How did I verify transactions when i ran online sales International?

Step 1.. call the guy
step 2 'does the guy have a romanian accent'
step 3 'if yes, decline business'
step 4 'does the guy have a chinese accent and his name is Joe Smith'
step 5 'if yes decline business'

fraud rate:   < 1%

I've learned a few things in doing business overseas and money that gets 'lost' or is 'in question' has a funny way of disappearing..  
call your banks, issue reversals, put the ball in THEIR court.. funny how much more responsive they'll be.

I guarantee you 100% this is the prudent move.  Stop listening to what they say.. we've given them the benefit of the doubt, its been lie after lie... dont be fools.

I got rejected too.. the only one who didnt who seems to have money is that swac guy and he's been shilling for gox 24/7 from day 1 so im not exactly shocked..

reversing the ach soon as my bank opens tomorrow.. recommend u all do the same.

if gox wants to convince me otherwise it will take something more than an automated mail.

its true but i mean look at all the other con men noone ever really gets em.. worst case scenario they go to jail.  Everyone thinks this when they are getting conned but a good conman will do delays and draw it out.. soon the initial anger will subside.... then finally acceptance.

#1 you can sue anyone for anything
in this case, breach of fiduciary duty

#2 they're in japan, so good luck suing them.. if and when they get sued they'll prolly just use the US deposits to pay their lawyers and liquidate the bitcoins on tradehill.  Their exchange is worthless now anyway, bankruptcy is inevitable... hiring CSR's right now would just be throwing money down the toilet.

Noone here is gonna get any money back whatsoever.. and noone will care.. this is just another scam of a list of a million scams that people will just look at you and go 'you gave what to mount WHAT? and you're surprised u got scammed? lol.. idiot'

Even in a regular class action suit the lawyers make millions and u make maybe 2 cents.... and this is not even gonna come close.. u might get 1 cent.

a fool and his money are soon parted.. and we... are the fools...

GOOD ONE MT GOX.

can someone go on block explorer and trace that big 400,000 bitcoin account and see where its going?  just for shits and grins?

Question:  Mt Gox's main account the one with all the bit coins.. where is that money now?  can someone read blockexplorer and make sure the guy hasnt started liquidating via tradehill?  

The first thing I would do is start spreading that money throughout a bunch of little accounts then hit tradehill with it like 20,000 a day wile i stall.