bitdaytrade inaccessible

[alan2here]

For example
https://bitdaytrade.com/faq

For me it seems to load forever. I can't access anything other than the front page of the site and the login/register pages.

[bitarrow]

works fine here

[Nefario]

Also works for me .

[rebuilder]

http://www.reddit.com/r/Bitcoin/comments/ybaut/do_not_invest_in_bitdaytrade_this

get your money out.

[dust]

Be careful: https://bitcointalk.org/index.php?topic=88803.msg1103899#msg1103899

[alan2here]

Thanks. I had no money in there yet, and I can't access the site now so I can't change my password.

Everyone is so suceptable at the moment. Why can't Gox just offer leverage, even if it's just 2x and get it over with.

ICBit is trustworthy? Except that it has an orderbook of just 9 items at the moment.

[Stephen Gornick]

Why can't Gox just offer leverage, even if it's just 2x and get it over with.

Possibly because they would then be regulated differently?  Currently, there is the claim that all funds deposited are held in accounts by Mt. Gox.  So every BTC USD, GBP, etc. can be withdawn and Mt. Gox should not have any problem meeting those withdrawals. 

To offer leverage they would need to use a risk algorithm that can limit their exposure to the situation where they have loaned out more bitcoins than they hold, but they cannot guarantee it.    I don't want my exchange to be engaged in speculative activity where my deposits are at risk.

Incidentally, here's a related thread:

Leverage comparison SuperThread
 - http://bitcointalk.org/index.php?topic=101081.0

[repentance]

As a pre-emptive measure, we have deleted every database record related to users. This effectively renders bitdaytrade.com useless. We demand a public apology in exchange for a backup of the previous state of the database.

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/

http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/

[RaggedMonk]

There are a bunch of sockpuppets on reddit accusing BDT of being the thief responsible for the Kronos hack.  One previously promoted Yoon Yeonghwa's launch of posadoll.  Could MNW (a known sockpuppeter) be trying to sling mud on BDT?

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/c5ua667

<conspiracy>
Is MNW responsible for the Kronos hack, and sees the BDT hack as an opportunity to shift the blame?
</conspiracy>

[Ichthyo]

There seems to be a political quarrel going on behind the scenes.

see this thread for some symptoms ;-)
https://bitcointalk.org/index.php?topic=101109.0

Each party seems to accuse the other one of being the root of all evil, and apparently hacking sites is used as a weapon.

[Bigpiggy01]

There are a bunch of sockpuppets on reddit accusing BDT of being the thief responsible for the Kronos hack.  One previously promoted Yoon Yeonghwa's launch of posadoll.  Could MNW (a known sockpuppeter) be trying to sling mud on BDT?

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/c5ua667

<conspiracy>
Is MNW responsible for the Kronos hack, and sees the BDT hack as an opportunity to shift the blame?
</conspiracy>

There is nothing conspiracy about that. It has been at least semi public knowledge for half an age.

[Bitcoin Oz]

All the finger pointing just proves that is no "honour amongst thieves".

[alan2here]

Why can't Gox just offer leverage, even if it's just 2x and get it over with.

Possibly because they would then be regulated differently?  Currently, there is the claim that all funds deposited are held in accounts by Mt. Gox.  So every BTC USD, GBP, etc. can be withdawn and Mt. Gox should not have any problem meeting those withdrawals.  

To offer leverage they would need to use a risk algorithm that can limit their exposure to the situation where they have loaned out more bitcoins than they hold, but they cannot guarantee it.    I don't want my exchange to be engaged in speculative activity where my deposits are at risk.

Incidentally, here's a related thread:

Leverage comparison SuperThread
 - http://bitcointalk.org/index.php?topic=101081.0

Thanks, and I agree.

I am the author of the leverage thread, I made it since creating this one, feel free to post in it some more, it needs more information.

I would expect, given that it is presumably profitable, for MTGox to use their profits if they offered leverage to ensure there is always enough money for everyone to withdraw.