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381  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 06, 2014, 09:05:18 AM
This continuing delay for what is most likely a majority of users based on success rates of those who have withdrawn funds in multiple smaller amounts, can in my limited technical understanding only indicates on thing
People with some technical understanding can easily see this is a technical issue.  Not an easy one.

Some people with limited technical understanding claim there is a ghost in their computer and return it to the manufacturer when there is a software problem.  I guess this is the equivalent.  MtGox have made about 400k BTC in fees over the years (estimated from volume), and have spent very little of this.  Some in Bitcoin Foundation membership fee and some to buy other companies.  All the evidence is clearly on the technical side.
Prove the bolded statement.
You know very well it is just as impossible to prove the bold statement as proving or disproving the underlined statement.

MtGox made a commitment a very long time ago (2011) to not sell their BTC, and only use it as a currency for purchases, etc.  They will pay salaries in BTC as well, but when MT was asked about this last year he said none of his employees had asked for that.  The known purchases are a website or two, an exchange in Poland (17k BTC, the largest I know of) and their Bitcoin Foundation membership fees (25k BTC the first year iirc, much lower now).
382  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 06, 2014, 06:59:30 AM
This continuing delay for what is most likely a majority of users based on success rates of those who have withdrawn funds in multiple smaller amounts, can in my limited technical understanding only indicates on thing
People with some technical understanding can easily see this is a technical issue.  Not an easy one.

Some people with limited technical understanding claim there is a ghost in their computer and return it to the manufacturer when there is a software problem.  I guess this is the equivalent.  MtGox have made about 400k BTC in fees over the years (estimated from volume), and have spent very little of this.  Some in Bitcoin Foundation membership fee and some to buy other companies.  All the evidence is clearly on the technical side.
383  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 05, 2014, 12:38:34 PM
My 10BTC have been stuck for 3 days (one of the over 3000 transactions).
So as mine it is only 2 1/2 days but they lie in their support page mentionning that all have been refunded!!
The support page does not mention for how long a transaction must have been waiting until it is considered stuck.  I think it is a week currently, but have asked someone at MtGox support to specify it in the support page to avoid confusion and the spread of panic.
384  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 08:31:09 PM
Ah!  So Mt. Gox was doing their accounting from a proprietary database and someone was using said database to pilfer BTC, eh?  No wonder a lot of their staff was let go.
How on earth did you make that up?
It's just a hypothesis.
And a really bad one based on what we already know.

Including the part about letting people go.  MtGox has hired dozens of people lately just to keep up with support.
From here:
  https://bitcointalk.org/index.php?topic=435864.0
Why do people make up stuff like that?  Ah, to make even more money on arbitrage, of course.  I forgot.

No, it is not a database problem.
I thought that just earlier today you said their database was all fucked up and they are working on sorting it out?
Ah, right, you were speculating wildly from there.  I think we should wait for an announcement.  It will be clearer to you then, if you bother to read it.  But I know you well enough to know you aren't going to pay much attention to it, because the truth will be much less interesting than the stories you can make of it. :-)
385  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 05:47:03 PM
Ah!  So Mt. Gox was doing their accounting from a proprietary database and someone was using said database to pilfer BTC, eh?  No wonder a lot of their staff was let go.
How on earth did you make that up?  Including the part about letting people go.  MtGox has hired dozens of people lately just to keep up with support.

No, it is not a database problem.
386  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 03:14:53 PM
I will leave it up to MtGox to disclose the details.
no please don't leave it to them! If you know WTF is going on, explain to people, otherwise be ignored for spreading fud
nothing works right now, gox is saying small txn should be ok and it is complete BS, i send several 0.3 btc txns and all but one failed.
somebody said that small is not amount but size, so in this case why even bother to mention it on a support site, if i can't control the size of a txn
A small tx is likely to use fewer inputs.  Because an unknown portion of the inputs MtGox may attempt to use are void, the chance of failure is higher the more inputs your tx require.

What I believe was the root cause of the BTC withdrawal problems has been removed.
what do you believe is the root case, i beg you don't be so mysterious
No, I will leave it up to MtGox due to the risk of disclosing too many details prematurely, and because there are enough people spreading rumours already.  People will always think the rumours are better than the truth anyway.  Since I have no other knowledge about MtGox's wallet than what can be deduced from previous delayed transactions, my explanation will have a few assumptions in it as well.

Here is everything disclosed by MtGox until now:
Quote from: MagicalTux on #mtgox
12:52 < x> MagicalTux: why can't we see the raw transactions anymore on https://data.mtgox.com/api/0/bitcoin_tx.php ?
12:53 <@MagicalTux> x, because phantomcircuit found a security issue with showing this
387  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 02:28:15 PM
So Sturle, what date is the SEPA queue up to right now? Can u check on IRC?
IRC has been very noisy for the last couple of days due to a DDoS against Freenode and BTC withdrawal issues.  Last report I got was Sunday.  They were processing SEPA withdrawals from 2013-12-30.

What I believe was the root cause of the BTC withdrawal problems has been removed.  It can only get better from here.  But MtGox have a lot of cleaning up to do, because their database of unspent coins contain a lot of coins which have been spent, and may lack a lot of coins (txid:txout references) which are unspent.  If I am right, this is a very complex issue and not easy to clean up.  I'd guess a couple days more of problems until everything is sorted out and accounted for.  I will leave it up to MtGox to disclose the details.
388  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2014, 08:34:31 AM
Yes, the U.S. Government's Office of Foreign Asset Control tells banks to block money transfers to certain persons and organizations Here is the searchable list.  Only 18 names in Japan are listed. Mt Gox, Tibanne, and Karpeles are not on the list. OFAC only says "yes" or "no"; there's no procedure which imposes a rate limit.
I tried a cheap bank which used Citibank in London as intermediate for sending SEPA transfers. (I didn't know at the time I signed up.)  When I tried to transfer a deposit to Intersango on the first day, the bank told me Citibank refused to process my transfer due to U.S. sanctions.  Intersango isn't on the list either.  I reported the bank to the Norwegian Financial Authority for imposing arbitrary restrictions on money transfer, and the bank contacted me right back and offered a settlement, but that's another story.  I was a customer of this bank for one day only.

Citibank Japan no longer accept withdrawals from MtGox either, btw.  According to reports in this thread.

Anyhow, I think the Bitinstant case is a hint to why transfers are blocked, and why Mark haven't been allowed to talk about it.  I don't know why the 5% option works (5% is due to 2x currency conversion fees, it is not a MtGox fee), but I know the method is very limited.  I frequently get reports from European users getting their money after only four days by this option.  Is it slower for U.S. users?  It should be slow for everyone now, since it is restricted by the same 100M JPY limit that limits as Japanese domestic transfers.

To those of you who are insulting me: I will only answer your questions after you have sent me an apology signed by your mum.  My finger has become very attracted to the ignore button as well, and I may not see your apology.  Sorry about that.
389  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 07:48:27 PM
But sometimes you had some kind of info, where the processing is currently at. I was curious about this.
Read two pages back.  This is the latest information I have.
390  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 06:53:44 PM
So what do you say, where are we with the SEPA backlog, as it seems you usually have more info compared to us, the plebs? Smiley I see someone complaining from the 1st week of January, his 1000EUR is still not processed yet...
Please read the thread you are posting in before replying, and you would know the answer already.  I have lost count of how many times I this question has been answered.  Short story: Daily bank transfer limits.
391  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 06:29:23 PM
may be you are lucky ...but am willing to bet 1 BTC that at the latest 15. th of march GOX doesn´t exist anymore as an entity which pays back more than 50 cents of money owed
I'm in!  I won a similar bet on betsofbitco.in that MtGox would be sold or closed by the end of 2013, but this didn't happen either.
You want to bet whether Mt. Gox sends me the wire that they've been putting off sending for 1/2 of a year now before I take legal action?
If so, you better hurry.  I've got an appointment with my attorney later today.
Let me repeat my favourite quote:
Quote from: MagicalTux in #mtgox
03:03 <@MagicalTux>  a class action in the US to force us to do something the US govt prevents us from doing might not lead you very far
But, hey!  You are free to waste your own money.
392  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 05:38:10 PM
may be you are lucky ...but am willing to bet 1 BTC that at the latest 15. th of march GOX doesn´t exist anymore as an entity which pays back more than 50 cents of money owed
I'm in!  I won a similar bet on betsofbitco.in that MtGox would be sold or closed by the end of 2013, but this didn't happen either.
393  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 10:31:57 AM
He either withdrew via International wire (not SEPA) or he had another withdrawal complete successfully for the last 20 days.  Last time I heard MtGox were processing SEPA withdrawals initiated at 2013-12-30.  The reasons for the delays (SEPA and JPY) have been fully explained here many times, but please don't let it stop you from inventing your own.  It tricks weak souls into overbidding, making arbitrage very profitable.  Grin
I'm just report fatcts their payment time increased or they stoped it.
Of course you report facts, but you are omitting important facts as well.  Please read my answer again for the explanation of the delay.

Quote
How they get their own liquidity in their one direction market ? If most of the people imputs btc and withdraw fiat, how can they sustain this for long therm, were they get the money to pay arbitrage profit  ?
Deposits of course.  Every time you sell, you sell to someone who deposited money at some time.  (Or from someone who sold BTC to someone who deposited BTC at some time, etc, for many iterations.)

Quote
If any one can answer that maybe the understandable speculation will decrease !
This is how every exchange with an order book works.
394  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 03, 2014, 09:12:12 AM
Any one received sepa transfers these days ?  
Negative. My brother is still waiting for payment from 2013-12-17. It is 7 weeks as of now and the "6 weeks" statement on the emptyGox webpage is simply false. Isn't it one definition of bankruptcy that a person is unable to fulfill its mature obligations?
He either withdrew via International wire (not SEPA) or he had another withdrawal complete successfully for the last 20 days.  Last time I heard MtGox were processing SEPA withdrawals initiated at 2013-12-30.  The reasons for the delays (SEPA and JPY) have been fully explained here many times, but please don't let it stop you from inventing your own.  It tricks weak souls into overbidding, making arbitrage very profitable.  Grin
395  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 01, 2014, 10:01:18 PM
SO what is amount of failed transferes to wallets?
This is impossible to know.  MtGox publish a list of transactions delayed for more than two hours, but does not publish which of the outputs are change (back to a new address owned by MtGox), and which is the withdrawal.  They often use withdrawals to consolidate dust into larger chunks, so the change tend to be largish.  On the same list are deposits to addresses belonging to imported private keys, and we have no way to separate those from the withdrawal transactions.
396  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 01, 2014, 08:32:44 PM
When several reports come in with that box checked, it's a big red flag at the SEC.  So start filling out that form now.
Reminds me of this quote:
Quote from: MagicalTux on #mtgox
<@MagicalTux> a class action in the US to force us to do something the US govt prevents us from doing might not lead you very far
If the SEC is where you complain on the US government, then please go on!
397  Economy / Economics / Re: When to "move the decimal points" ? on: February 01, 2014, 08:27:55 PM
Or is this the stupidest idea yet?
Yes, it is.  The SI system already help you remember the number of decimal places, and even currencies adopt it.  Think of a cent as a centieuro.  Creating a new one is just confusing.
398  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: January 31, 2014, 09:13:59 AM
Gox will be releasing a statement later today regarding btc withdrawal delays
And here it is.  The transaction queue has been decreasing for the last 8 hours, btw.  They could actually be working on it, as they claim.
399  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: January 30, 2014, 08:07:15 PM
would be good to know if SEPA withdrawls are still coming ....

Somebody knows which day they are processing right know ?   sure Sturle you are counting them Wink
End of December.  Will try to get a more accurate date tomorrow.  The FAQ only has useless information right now: Situation as of 29th January 2014: We are currently processing 20 days rule withdrawals. (backlog)
400  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: January 30, 2014, 07:58:22 PM
they could easily sort this out  by just sending the 1450 missing BTC - transactions by hand in a 12 hours workday instead of opening 70000 support tickets.....
You seem to have intimate knowledge of MtGox's special bitcoin software.  Do you work there?  Can you tell us how they do this manually at MtGox?  It would be simple if they used bitcoind or something, but it can't handle as many transactions and addresses.

Many of the transactions on the list are deposits, btw.  Not withdrawals.  Deposits to an address where the private key was imported to MtGox are handled the same way.  (I assume you all remember the DoS attack when someone imported the private key to the correct horse staple address, trigging thosands of microtransactions which were never going to get confirmed.)  With the price difference nowadays, I assume BTC deposits outnumber withdrawals by a large amount.

There are a few long standing bugs in their wallet code which have led to BTC withdrawal problems many times, and the rumours say Mark wants a real fix this time.
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