Internet forums are what internet forums are.  And they evolve and change because of zeitgeist.  People fall in love with a culture and feel pain when it evolves into something new.  I've seen it a million times.

I would be willing to bet I fall into the "low-iq" hoard the OP is complaining about, at least in his eyes.  And I am frankly OK with that because I am not here to please him, and he is welcome to delete my posts in his thread.

That said I have two points which I think are salient.

First, there are some of us who indeed HAVE been around for a while, but who have not contributed on the level of the OP.  That is what it is too...  and to be honest not everyone CAN contribute that way, and it's not just that they are dumb.  In fact I feel a bit of disgust whenever these sorts of elitist sounding ideas come forth.  On the other hand there IS a bitcoin elite, and an old guard.

Which brings the second point.  Bitcoin ABSOLUTELY NEEDS to be something that the simpler folks can understand, embrace, and use.  You can't claim to want to bring BTC to the mainstream and then bag out when they start showing up.

That said I respect OP, and his point in this complaint.  He is obviously free to feel yhe way he does and it is understandable.  Go in peace rpietila.  Or stay.  Others will rise up to fill the empty spots as needed.  Whichever.

I'm sorry for those of you who will never see all of your fiat or bitcoins returned.

Truly I am.

I am not angry, have never had a pitchfork, nor am I part of a mob. I am a poker player.  I can't help using deductive reasoning.,

The fact they are taking the time to announce adjustments to the withdrawal limits means they NEED to limit the withdrawals enough to mention it now.  Why do they NEED to limit withdrawals enough mention it now? Only two reasons I see... To put a valve on the outflow of coins from gox.  And/or they already know they don't have the coins to pay back customers in full (they have fractional holdings).

Secondly, did you notice something about a BTC withdrawal queue?

Considering Mt Gox's performance with fiat withdrawals I also believe this is unfortunately notable.

I imagine its taking more time to reindex both the blockchain and their database than they had thought.  Let's just hope they made nice backups first.

You are missing the point.


Another detail people seem to be missing here:

We will update everyone again by Thursday at the latest.

It might be a little soon to start the party...

Bah.  Crazy talk. 

Speculators like nothing more than times like this.

Lol.  If I were a lawyer picking a jury I would avoid you like the plague.  You have an strong bias and seeming agenda right out of the gate without even hearing about the case.

You will be dealing with professionals who are trained to detect that.

But good luck anyway.

I am willing to escrow.

I have a history here... and am honest.  I'll hold the btc for the code and deliver both in full upon receipt.  No charge (you pay tx fee).

One caveat:

There is no way to prove a code is valid is there?

That could be trouble.

ASIC resistant coins like Protoshares for example just end up with people running server farms of hyperthreaded multicore CPUs.  In the end you end up with the same problem though perhaps not as stark.

I am not sure anyone really appreciates you using the word malleable at a time like this.

It seems to be going back up Holy BITCOINBUTTFACEBTCLTC?

What should we do?

I want BTC to my personal address
MY ADDRESS:  17xqHMC3doA4qXcVqMhyQdZqqooCJL2aFe
MY Username/ID: Player_305 (303)

Usually he likes to attack the intelligence of his readers and then takes his toys and claims to be leaving the forum.

I have witnessed a half dozen of his net-suicides at least.

He is an intelligent man, obviously, but something is out of balance. 

Not in the least.  I think Gox has been relatively invalid for quite a while.  But it is currently like another planet with its own economy reflected by the sentiment that it may be insolvent. Things ARE different now.

I don't think Gox is going to "find all the coins".  At least I think it is likely they lost quite a bit.  That plus the seizure of their bank account and regulatory problems means they might have to replace rather than find, both coins AND USD.

I think the Mt Gox price reflects the overall sentiment that they may be insolvent...  I don't think the arbitrage will last very long if it turns out they are not.

This is a rare opportunity, but the trick is divining what the actual opportunity is.

You know, the FBI and DEA etc etc would be KURAZY not to have a room full of the most talented savant/analyst/tech gurus just pounding away 24/7 on ways to do exactly what just happened...

I bet they are mad the owner beat them to it this time.

And some of you think he doesn't have an incentive to take the money and run.

LOL.

Contender for best post in thread.

Setting a fee threshold for low transactions might work.  It would have to be the same as the minimum at least.

That is anti semitic BS. 

Seriously.

We don't need BS or racism to paint an unflattering picture of this idiot or his terrible company.  There is plenty of good hard REAL evidence against him to make this mistake.

It makes people on the right(eous) side of this argument look bad by association.