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Author Topic: MtGox withdrawal delays [Gathering]  (Read 877234 times)
stompix
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February 10, 2014, 12:04:50 PM
 #3781

now it is time to buy litecoin !
 Grin

If the BTC foundation is not able to fix the maleability issue found by MtGox today within 1y, well it is a big opportunity for the LTC as it appears that the LTC dev team fixed plenty of bugs for bitcoin last year.

How about you name a few?

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aesma
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February 10, 2014, 12:05:42 PM
 #3782

According to Gox's statement the issue seems to be wider than I assumed - I.E it has potential of affecting other exchanges.. it might have already did - perhaps the hacker/s exploited other exchanges using this "bug" and MTGox is "just the first exchange to notice and take actions"... Hopefully that is not the case.

In any case, it seems to be fixable and it seems to me that users will get access to their Bitcoins on MTGox in a a week or maybe more. But who knows

Or they could be embellishing the truth, and be the last to update their wallet to solve this bug that has been known for a while, as they admit.
rpietila
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February 10, 2014, 12:26:54 PM
 #3783

How about you post a receipt for the BTC you sold to me! The buyer is Eesti Investeerimishobe OU regd in Estonia. I need seller's name, ssn and tax declaration that the btc was private property void of gst/vat, or in case of corporate seller, the relevant info. Failure to send the documents may lead to investigation. (We keep all our customer data proprietary, unlike the whore, MtGox).

Thank you so much for this information. We will keep the rest of this branch private.
igorr
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February 10, 2014, 12:50:48 PM
 #3784

LOL, the price on BTC-e 102 usd 

Check,
View Screen Captu

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
sturle
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February 10, 2014, 12:58:22 PM
 #3785

Ah you (sturle) were so smart as to have prioritized address to the trading system so that you can pull your orders in the middle of my market buy execution?
I don't have any faster or higher priority access than you do.  In fact my access is probably slower beacuse I rely on a somewhat outdated API over HTTP.

Orders are executed strictly in the order they come in (as opposed to e.g. Bitstamp where it is possible to sneak in orders in the middle of a market buy via an undocumented websocket API).  If there is a lag of 2 minutes when you enter your order, it means the engine will take care of every order which came in during those two minutes before it will execute your order.  2 minutes is well above my threshold, and my bot likely sent cancel orders for it's orders at least a minute before you issued your market buy order, and my bot's cancel orders where therefore executed before your market buy order as well.  I don't know if it was my bot, of course.  Could have been anyone.  If the lag is 2 minutes, you are looking at a 2 minute old order book.

Quote
How smart you are, congratulations. Listen now, asshole: I also operate a silverbank, and know what is an honest way to design such systems, and not by a frigging long-shot would there be such an exploit that you mentioned!!! You are so deep in your crime that you deny even realizing it, making you such a sad clown in everyone's eyes who have a shred of sense of justice left.
Thank you for your warning.  What do you think is a fair order of execution when there is a lag?  Randomized?  Put orders on a stack and execute the newest order first?

Quote
Quote
Why did you not follow my advice?
Because in my case your advice did not work!
What didn't work?  I had two alternatives, and you were in no hurry.  Which is an advantage if you want to get your money out cheaply.  Many people are reporting successful SEPA withdrawals here.  Why didn't your attempts work?

Quote
How about you post a receipt for the BTC you sold to me! The buyer is Eesti Investeerimishobe OU regd in Estonia. I need seller's name, ssn and tax declaration that the btc was private property void of gst/vat, or in case of corporate seller, the relevant info. Failure to send the documents may lead to investigation. (We keep all our customer data proprietary, unlike the whore, MtGox).
I don't need to provide any of that information, and I certainly won't to anyone calling me a liar, a bastard, a clown, an asshole or a criminal.  There is no [Norwegian] law forcing me to give any of this information to you for a private sale, and this was not mentioned as a condition for our trade.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
Lohoris
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February 10, 2014, 01:02:41 PM
 #3786

They were the first to market, but has been nothing but incompetent and dishonest since day 1.
Why "since day 1"?

I don't recall anything especially bad before the USD wires problems.

Sure, their customer service wasn't stellar even before, but this is a common problem shared with most big firms...

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
dave111223
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February 10, 2014, 01:06:04 PM
 #3787

They were the first to market, but has been nothing but incompetent and dishonest since day 1.
Why "since day 1"?

I don't recall anything especially bad before the USD wires problems.

Sure, their customer service wasn't stellar even before, but this is a common problem shared with most big firms...


Guess you forgot about "gox lag"...i think they are the only exchange that has a specific API just to show the amount of lag they are currently experiencing.
sturle
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February 10, 2014, 01:07:33 PM
 #3788

2) One of the retarded devs fucked up bitcoin with a transaction handling change some time in the last ... year or 2?
I would be VERY surprised if Satoshi made that mistake in the original design.
He did.  And bitcoin-qt is affected as well.  E.g. here and more about this problem here.

Anyway, TL;DR version of the press release is:
We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once [a workaround involving a different hash for transaction tracking purposes] has been approved and standardized.

No bug has to be fixed, nothing has to be implemented by anyone else yet, they just want a standard general solution to be approved before implementing this solution and resuming withdrawals.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
donk4u
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February 10, 2014, 01:13:48 PM
 #3789

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.  I had 1100 on jan 27 in usd for which i got 1.1 bitcoins at 25 perent markup now bitc now bitcoin on onmt gox is 550 but all mute anyway since they are obviously broke, thieves and liars.
stompix
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February 10, 2014, 01:17:46 PM
 #3790

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.

No , they are saying that the bitcoin protocol is broken and that it's not their fault for "losing" the customers coins.
Isn't this a nice way to say "we fucked up really good this time" ?  Smiley

raskul
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February 10, 2014, 01:22:00 PM
 #3791

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.

No , they are saying that the bitcoin protocol is broken and that it's not their fault for "losing" the customers coins.
Isn't this a nice way to say "we fucked up really good this time" ?  Smiley


a case of the worker blaming his tools for a shoddy job.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
stompix
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February 10, 2014, 01:26:52 PM
 #3792

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.

No , they are saying that the bitcoin protocol is broken and that it's not their fault for "losing" the customers coins.
Isn't this a nice way to say "we fucked up really good this time" ?  Smiley


a case of the worker blaming his tools for a shoddy job.

Not even their tools. They are not blaming their "custom" software. They are blaming the bitcoin protocol.



donk4u
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February 10, 2014, 01:30:03 PM
 #3793

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.

No , they are saying that the bitcoin protocol is broken and that it's not their fault for "losing" the customers coins.
Isn't this a nice way to say "we fucked up really good this time" ?  Smiley

Is that what they are saying that  our coins are gone? the people who tried to transfer and had transactions stuck?
guybrushthreepwood
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February 10, 2014, 01:36:32 PM
 #3794

In other words their release is basically saying mt gox is a thief and has stolen all our bitcoins if i read that correctly and i believe i did.

No , they are saying that the bitcoin protocol is broken and that it's not their fault for "losing" the customers coins.
Isn't this a nice way to say "we fucked up really good this time" ?  Smiley

It seems that way to me. They're just stalling and passing the blame.
yatsey87
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February 10, 2014, 01:38:49 PM
 #3795

Ok, so MtGox's press release claims that they are working with the core dev team to work through their issues, which are related to a hereto unnoticed bug in the bitcoin protocol. If this is the case, a member of the dev team should be in a position to confirm this - does anyone know if they have, and if so where?

One of the devs has made a statement. It was a problem that they were aware of abut the issue was with Gox's outdated programs they were continuing to use.
donk4u
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February 10, 2014, 01:41:20 PM
 #3796

So i can withdraw to bank account but since I am in USA I am not able to do this and i can't withdraw to wallet but my bitcoins are indeed safe. All scam, broke, ponzi, bankrupt companies use the same dealy tactics as gox when implementing this type of a con. Can expect nothing but excuses and misinformation from gox from here on in until they just slink away into oblivion.
stompix
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February 10, 2014, 01:44:15 PM
 #3797

Ok, so MtGox's press release claims that they are working with the core dev team to work through their issues, which are related to a hereto unnoticed bug in the bitcoin protocol. If this is the case, a member of the dev team should be in a position to confirm this - does anyone know if they have, and if so where?

One of the devs has made a statement. It was a problem that they were aware of abut the issue was with Gox's outdated programs they were continuing to use.

And the most important thing is the time frame for which this issue was known.

Gox is trying to cover up for their mess bringing in bugs from years ago.

donk4u
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February 10, 2014, 02:06:27 PM
 #3798

NOt even a new date from gox as to when can expect another bogus announcement.
sturle
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February 10, 2014, 02:08:57 PM
 #3799

Ok, so MtGox's press release claims that they are working with the core dev team to work through their issues, which are related to a hereto unnoticed bug in the bitcoin protocol. If this is the case, a member of the dev team should be in a position to confirm this - does anyone know if they have, and if so where?
From #bitcoin-dev (sipa is a core developer):
Quote from: #bitcoin-dev
13:05 < sipa> there are 3 different problems here: malleability as a whole (which we are slowly working towards fixing, but will take years), 2) wallets (like mtgox's) which don't deal well with malleability and 3) other services that rely on a constant txid to track transactions that do not confirm
13:05 < sipa> it is for 3) that they want a standard solution, and we're working on proposing one
I haven't seen anyone denying this (MagicalTux answered questions in #mtgox just after the press release):
Quote from: MagicalTux in #mtgox
11:44 <@MagicalTux> [19:43:16] <Blitzboom> where the fk is gavin andresen <- the only core dev I couldn't get a hold of so far
They do not claim the bug is "hereto unnoticed".  They even claim it is a known design issue.  From the press release:

Bitcoin transactions are subject to a design issue that has been largely ignored, while known to at least a part of the Bitcoin core developers and mentioned on the BitcoinTalk forums.

It was mentioned back in 2011 at least, but no steps were taken to mitigate the problem until last year.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
mmitech
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February 10, 2014, 02:49:44 PM
 #3800

At this point Mtgox should just die... I took huge loss because of their BS, an IT engineer cannot blame his programming fails on the whole protocol, I said this before and I will repeat it again, Gox engineers are a shame for IT and the whole Bitcoin community... and not trading at this shitty platform didn't save me from its effect, they effected the whole system and at this point I am so pissed that I wish if they shut down then we will all have a peaceful life after....
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