Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[HairyMaclairy]

Lots of people playing games. 

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[HairyMaclairy]

*Silence*

Everyone got bored and went to watch the Olympics

[GaliX]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

[kurious]

This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour.  The story should've been Gox's incompetency but instead it became a flaw with BTC.  

BTC may be the future but the infrastructure needs improving, fixing etc.  And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

MK is on the board of the Bitcoin Foundation - hence the inability of the Foundation to do a proper job.   If I had a cartoon of an Ostrich with its head in the sand I would pop it in here.

[HairyMaclairy]

No plunge yet. Teetering on the edge.

[creekbore]

This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour.  The story should've been Gox's incompetency but instead it became a flaw with BTC.  

BTC may be the future but the infrastructure needs improving, fixing etc.  And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

MK is on the board of the Bitcoin Foundation - hence the inability of the Foundation to do a proper job.   If I had a cartoon of an Ostrich with its head in the sand I would pop it in here.

Like this:

[fluidjax]

New Api for Gox (Delierium)

 https://www.mtgox.com/api/2/money/bank/list_pending

 which can be used to get withdrawal ID then
 https://www.mtgox.com/api/2/money/bank/cancel_pending

which can be used to cancel your fiat withdrawal (Parameter: withdraw_id) -

http://skanner.net/MtGox/cwithdrawal.php

https://github.com/Delerium69/MtGoxCurrencyWithdrawalCancel

to cancel your withdrawals without raising a ticket. This

[kurious]

This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

My point, if you read back 6 or 8 pages (which I wouldn't inflict on you), is that BTC has lousy PR, while Gox is pretty canny at spinning news in their favour.  The story should've been Gox's incompetency but instead it became a flaw with BTC.  

BTC may be the future but the infrastructure needs improving, fixing etc.  And the lessons from this week are the Bitcoin Foundation needs to improve its marketing and PR and deal with criticism head on, swiftly and aggressively.

MK is on the board of the Bitcoin Foundation - hence the inability of the Foundation to do a proper job.   If I had a cartoon of an Ostrich with its head in the sand I would pop it in here.

Like this:

Yep, but with 'Bitcoin Foundation' written on its Mark Karpeles.

[windjc]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

Your mindset is exactly why poor morons are selling BTC on gox for pennies on the dollar. Gox has the oldest code. Its the worst programmed, it is the most susceptible to shit like what happened last week and its the hardest to fix. Comparing it to Stamp or BTC-e code is apples to oranges. Plus, they are French, so they suck at coding anyway

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

[pinky]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

It all reminds on last year when they were installing their super-dupper trading engine to get rid of the lagging problems and their announced ability of LTC trading. Guess what, neither of that happened.

[HairyMaclairy]

So they introduced new tools to keep your fiat trapped on Gox?

[creekbore]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

It all reminds on last year when they were installing their super-dupper trading engine to get rid of the lagging problems and their announced ability of LTC trading. Guess what, neither of that happened.

That's the super-duper trading engine that allows you to place orders when you haven't got the funds to back to the order...oh, yes

[JorgeStolfi]

i found this link, some kind of secret project of the mtgox founder... http://alphatesters.secretbitcoinproject.com/

Is that a moon?

Neptune.  Imaged by Voyager 2 in 1989.

http://voyager.jpl.nasa.gov/gallery/neptune.html

[fonzie]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

Your mindset is exactly why poor morons are selling BTC on gox for pennies on the dollar. Gox has the oldest code. Its the worst programmed, it is the most susceptible to shit like what happened last week and its the hardest to fix. Comparing it to Stamp or BTC-e code is apples to oranges. Plus, they are French, so they suck at coding anyway

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

  ahahahahah, staggering

[dreamspark]

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't see the attraction of paying .7 for gox btc? The true difference is more like .5 and if gox doesnt make an announcement the price is likely to drop further. Why wouldn't you just send some fiat there ?

[GaliX]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

Your mindset is exactly why poor morons are selling BTC on gox for pennies on the dollar. Gox has the oldest code. Its the worst programmed, it is the most susceptible to shit like what happened last week and its the hardest to fix. Comparing it to Stamp or BTC-e code is apples to oranges. Plus, they are French, so they suck at coding anyway

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't panic at all, I am just trying to be realistic.
People are unable to make FIAT withdrawals for months and now that they have frozen everything officially you still think that these are "technical issues" are real?
These "technical issues" without any further informations (that would sound legit) are typical politician used sentences.

They are simply hiding something and can't lie publicly because everything is going to be used against them.

[windjc]

just a few sec. ago on the #mtgox on freenode irc:

[11:08] <@Delerium> Ok heres the thing
[11:08] <@Delerium> Right now I have no update on the current situation. I beleive testing is still in progress as is the reindexing of the blockchain. I beleive that an announcement is coming but I have no further information than that.
[11:09] <@Delerium> Any abuse, fat jokes or trolling will result in either a silence or kickban.
[11:09] <@Delerium> I know the situation right now is not great but please remember we are human beings and we're doing this to protect your money.

I guess the BTC are gone.
I simply can't believe it takes them so long, while BTC-e and Bitstamp solved the problem in 24h-48h.
Just buying time for something what so ever.

Your mindset is exactly why poor morons are selling BTC on gox for pennies on the dollar. Gox has the oldest code. Its the worst programmed, it is the most susceptible to shit like what happened last week and its the hardest to fix. Comparing it to Stamp or BTC-e code is apples to oranges. Plus, they are French, so they suck at coding anyway

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

  ahahahahah, priceless

*bookmarked for later

[windjc]

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't see the attraction of paying .7 for gox btc? The true difference is more like .5 and if gox doesnt make an announcement the price is likely to drop further. Why wouldn't you just send some fiat there ?

I live in the US

[fonzie]

Its just going to take them longer. Probably 2-3 more days is my guess. Meanwhile, as more people like yourself panic, the more free bitcoins I pick up over at bitcoinbuilder.

I don't see the attraction of paying .7 for gox btc? The true difference is more like .5 and if gox doesnt make an announcement the price is likely to drop further. Why wouldn't you just send some fiat there ?

I live in the US

How are USD withdrawls doin right now btw. 2 weeks backlog i heard....

[HairyMaclairy]

Hitting refresh on the Gox home page is getting boring.