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

[soullyG]

Blockchain.info just posted a new statement on their blog:

Blockchain’s fundamental design is based upon us having no access to customer funds or keys. This is achieved by making all transactions occur in the end-user’s browser, “client-side” with open-source and auditable software. We at Blockchain never store unencrypted keys, passwords, bitcoins or the have the ability to create transactions. This ensures that users’ bitcoins are not only secure from a broad-based attack on Blockchain, but are even secure from Blockchain and that’s deliberate. We don’t control your bitcoins; you do.

Blockchain has always recommended that users store their bitcoins in such a way as to maintain control and ownership of their keys. Custodial accounts, like those used by Mt. Gox, where other people hold the keys to your bitcoins are risky. Instead, customers should use services like Blockchain.info, where keys are decrypted in the browser, not held on the servers. Alternatively, use a desktop client such as Armory, Bitcoin-Qt, Multibit or Electrum. All of these store the keys in a local, encrypted file that is not shared with any servers or held by anyone else.

Last night, we were shocked to find out about Mt. Gox’s insolvency, as they appear to have committed a grievous breach of trust against their customers.

The Blockchain staff will continue to collaborate with other industry leaders to establish better controls to ensure that events like this are not repeated. We are hopeful that together we can create a more trustworthy industry for the benefit of all existing and future Bitcoin holders.

[debani]

https://pay.reddit.com/r/Bitcoin/comments/1yvw3f/news_blockchains_reaction_to_mt_gox/

[tonyq]

Oh dear.....The Gox Twitter account has had all it's messages deleted.

https://twitter.com/mtgox

Welcome to yesterday. Or was it the day before that?

Sorry, I'm in the UK.
No internet access yesterday and after a long hard night I only fell out of bed an hour ago.
 

[thoughtfan]

Uh? https://www.facebook.com/goxbitcoin

The chart in the logo representing goxbux history is a nice touch - from zero up down up higher back down to zero!

[only]

SLELLING GOX COINS!!!1

[Denton]

Oh dear.....The Gox Twitter account has had all it's messages deleted.

https://twitter.com/mtgox

Welcome to yesterday. Or was it the day before that?

In Bitcoinland yesterday is old news.  

[mmitech]

on theblock.info chain statement comment section (of course the comment it is fake) http://blog.blockchain.info/2014/02/25/blockchains-reaction/

[gizmoh]

Blockchain.info just posted a new statement on their blog:

Blockchain’s fundamental design is based upon us having no access to customer funds or keys. This is achieved by making all transactions occur in the end-user’s browser, “client-side” with open-source and auditable software. We at Blockchain never store unencrypted keys, passwords, bitcoins or the have the ability to create transactions. This ensures that users’ bitcoins are not only secure from a broad-based attack on Blockchain, but are even secure from Blockchain and that’s deliberate. We don’t control your bitcoins; you do.

Blockchain has always recommended that users store their bitcoins in such a way as to maintain control and ownership of their keys. Custodial accounts, like those used by Mt. Gox, where other people hold the keys to your bitcoins are risky. Instead, customers should use services like Blockchain.info, where keys are decrypted in the browser, not held on the servers. Alternatively, use a desktop client such as Armory, Bitcoin-Qt, Multibit or Electrum. All of these store the keys in a local, encrypted file that is not shared with any servers or held by anyone else.

Last night, we were shocked to find out about Mt. Gox’s insolvency, as they appear to have committed a grievous breach of trust against their customers.

The Blockchain staff will continue to collaborate with other industry leaders to establish better controls to ensure that events like this are not repeated. We are hopeful that together we can create a more trustworthy industry for the benefit of all existing and future Bitcoin holders.

Even blockchain says they are insolvent.. There is no room for doubt now.

[kurious]

Uh? https://www.facebook.com/goxbitcoin

The chart in the logo representing goxbux history is a nice touch - from zero up down up higher back down to zero!

Real?  Hmmm.. The only thing that is remotely convincing is the promise of a future statement.  Plus ca change...?

[San1ty]

Looks like we're heading lower on stamp!

[prof7bit]

goxcoins are still for sale. wtf

http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC?

[JCviggen]

goxcoins are still for sale. wtf

http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC?

Plenty of coins already on there. Gox coins can't be withdrawn any more than they can be freshly deposited so we can go in circles for a while and make Josh richer.
It doesn't matter that Josh doesn't have access to the actual Gox coins in this case.

[tonyq]

Oh dear.....The Gox Twitter account has had all it's messages deleted.

https://twitter.com/mtgox

Welcome to yesterday. Or was it the day before that?

Sorry, I'm in the UK.
No internet access yesterday and after a long hard night I only fell out of bed an hour ago.
 

In fact, to show how long a hard night it was, I live in the UK but am currently in Spain.

[hdbuck]

goxcoins are still for sale. wtf

http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC?

its just the nature of financial speculation. cant change it. with bitcoin or any other asset, there will always be avidly retarded people to buy those "subprime-style" junks. 

[Davyd05]

goxcoins are still for sale. wtf

http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

How can they still trade without being able to move goxBTC between users or are they only trading imaginary goxBTC instead of realgoxBTC? Will there soon be yet another market on top of this where one can trade bitcoinbuilder account balances for BTC?

This is a question I have, I am surprised no 1 is talking more about the document in which they describe the most illegal tactic of buying coins at gox prices.. ergo buying coins off of their own exchange lol..

[bitcoinvest]

We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage.

An official statement is to be released tomorrow.



https://www.facebook.com/goxbitcoin


just read the above......

[JCviggen]

We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage.

An official statement is to be released tomorrow.



https://www.facebook.com/goxbitcoin


just read the above......

It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox.

Copied the (low res) logo from the "leaked" BS doc probably.

[bitcoinvest]

We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage.

An official statement is to be released tomorrow.



https://www.facebook.com/goxbitcoin


just read the above......

It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox.

Copied the (low res) logo from the "leaked" BS doc probably.

i think will agree with you. but just in case i found it and post it

[T.Stuart]

We are in a process of being acquired, at the current time I am not in the position to give you further information. I can only reassure you, that your funds are securely kept in our cold storage.

An official statement is to be released tomorrow.



https://www.facebook.com/goxbitcoin


just read the above......

It's just that it's highly unlikely that page is actually created and maintained by (formerly) Mt.Gox.

Copied the (low res) logo from the "leaked" BS doc probably.

There is also the telling sign that this page has actually released a statement!

[D05GTO]

They are being acquired to scam more people.  Whoever would trust that new rebranded entity needs their head examined.  Look at their assets listed, the lovely development of the pickpocket wallet errr bitpocket wallet.