If he's a day-trader, it's entirely necessary to keep funds in one's account.  At least $$$ funds.  The bitcoins can be transferred in and out easily enough, but dollars or other currencies often take days.

I don't think it's reasonable to expect an active trader to move funds in and out of their mtgox account every day.  MtGox SHOULD be secure.  If they are not, then we should stop using them.

I agree that it's silly to keep more than one needs on any exchange at this point in time.  That goes double for MtGox by virtue of their reputation.

But I disagree that it is 'entirely' the guy's fault.  If he used good practices as he described then it was almost certainly yet another internal breach or system error.  That is fairly unacceptable.  I must trust my exchange with several k$ at a time if I want to do the type of business I am interested in.

A site which has been breached and/or is careless in one way or another could lose that money in 1 microsecond and that is completely unacceptable.  I choose my exchange(s) as best I could with this in mind, and I would consider myself partially to blame in the event of a loss by virtue of not choosing carefully enough, and partially my fault for being involved in Bitcoin at all, but certain not 'entirely'.

I just discovered that there is someone who has taken all my bitcoins + sold the last to move money from one account to another.

It all happened Thursday 28.07, I've been on vacation and have only just logged into my account now to see if it had bought for $ 8 which I had set it to

All my money is gone and so is my bitcoins ..

What the hell is happening to the safety of MT Gox ...

I've now lost $ 4000 because of their incompetence.

F. ...! I'm getting tired of it.

I understand, and I'm not blaming BAMT. The way both come down at once is suspect. Nothing else in the household seems affected by any kind of power outages, and I do have equipment that would show it. I will try another circuit but it won't be easy since the next circuit is about 40ft further away.

(edit) hmmm, I just found one of my machines mining on its backup pool for the first time ever. The other one was still on the main pool. i wonder if that has any relation to what is happening? By inspecting my backup pool, I noticed there is more stuff there than should be, even if my second rig had been mining there for the past 2-3h. Too bad I can't get more detailed logs of which client of mine mined where and when. But that still wouldn't explain why both rigs become totally unresponsive after a while... would it?

I'm guessing you all are confident that it will rebound from 10 if you are buying in right now

If it goes lower then 10 I'm out

+1 for an awesome guy. even bounced a BTC to me because UPS was fail and delayed the package for a day because they thought his package was a bomb or something.

I just attempted to open a Paxum account, to try them out.  The experience was extremely difficult, and at the end I called Paxum and had them walk me through the process of closing the account.  I did not feel safe using it.

Here's what I noticed in the process;

1) Paxum's automated emails use HTML, but have incorrect MIME settings.  This means that they are displayed by Thunderbird and the other email clients that I tested as plain text.  *That* means that you have to search through a bunch of HTML codes to find the information that you need to confirm your account, etc. 

2) Paxum uses attached PDF files to send certain types of critical information, but because of the broken MIME settings, the attachments cannot be viewed or detached in normal email clients.  They must be handled by hand, by saving the email as text and then using a utility to demime them.  Most users are not up to figuring this out.

3) Paxum's web site is extremely picky about the format of information that it accepts in fields when you are signing up, but does not tell you in advance which symbols are disallowed.  Among the issues: periods (.) are not allowed in street addresses, but you find that out only when you include one and get an error back.

4) Paxum will not accept a scanned image above 4 MB in size for identity verification, but states that images must be "high quality" and rejects faxed images.  It took me several tries to come up with an image that was of a size it would accept and also a quality it would accept.  This is *really* annoying.

I could continue, but frankly, the email and web site tell me that the people managing Paxum's servers are not very good at what they are doing.  I work in networking security, manage a mail server, have managed web sites since the mid-1990s, and am intimately familiar with what it takes to run a secure site.  My assessment of Paxum's setup is that their technical people do not appear to be experienced enough to be trusted running a site that requests and holds information that will allow identity theft.  I didn't run a vulnerability scan on the site, but would not be at all surprised to find cross-site scripts and other vulnerabilities that can be used to steal information.

I recommend not using Paxum.  They probably mean well, and after they get their act together on their technical services might be worth using.  For now, though, giving them the information that they request to manage your money is IMHO taking an unnecessary and unwise risk.

I could destroy bitcoins in 20 seconds flat if I was the US government.  Doing nothing illegal... and I could wipe out the currency in literally 6 weeks with about 3 - 5  million bucks..  

3 backroom deals with mt. gox,  tradehill and dwolla ...  1-2 million each for 51% ownership of each....    and any startup that get's a decent volume.. make a similar deal...  that would stop trading pretty quick... the owners would like the payout (which is huge to them, tiny to a country that takes in a few trillion a year in revenue)  so they have no incentive to hide their shit...  and the US government effectively would be in full control of bitcoins.. all without even passing a law.

Everything has been stable for 2 days hope this works out for everyone

The only thing is the problem happens before I even try to do any OCing.  It could easily be the USB drive as it's an old one... we'll see what happens after I go pick a new one up and try it in the morning.

rebate is one per household most likely.

Just got to work and turned of my machine before I left, so I'll try it in the morning.

Thanks for all the help.

Personally I wouldn't, but with the 5k series getting harder to find I figured I'd pass on the deal info if someone was strategically positioned to pull the trigger on one.