MtGox withdrawal delays [Gathering]

[itsunderstood]

Essentially the shithead DDOSers are forcing a wedge into the network, ongoing, based on how well each exchange has secured its transactions against corruption.

So it's a DDOS wedge, but it won't hold up, and when it stops, Gox will be fine or as fine as it ever was, LOL.

Arbitragers so sad, but just chill, BTC is a 30 year gameboard.

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[BreathOfZen]

Is it safe to say that if we assume that MtGox and the other exchanges are facing the same issue, if Bitstamp is able to fix the problem in their designated time frame (24-72 hours) and resume withdrawals, MtGox will be able to do the same?

[itsunderstood]

Is it safe to say that if we assume that MtGox and the other exchanges are facing the same issue, if Bitstamp is able to fix the problem in their designated time frame (24-72 hours) and resume withdrawals, MtGox will be able to do the same?

How long does it take an IT ticket to be resolved in your company where you work?

Each company has an IT department of good or bad worth, and far too much ego.

[mgroenouwe]

Well now that's a good 72 hour response.  DERP all round.

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

Why doesn't Gox allow BTC conversion into some crypto which can be sent to a functioning exchange with good IT people?  Why the snobbery as to BTC being immutable into other coins?  

My main reason for hating an exchange is limiting my freedom.  So my < 1 BTC at Gox is held hostage, yes, but it's not gone, just captured.  What now?  I would convert it to [censored]coin right at Gox, if they had anything other than BTC.

Maybe, but it's not like a light switch... Implementing something like that costs time. Currently they have other things to solve and don't have this time.

And guys, please stop yelling at Gox. I'm also thinking they must do better, are working very amateurish and are even more terrible in communication, but it's useless to run around panicking everybody (hope I didn't misspelled panicking, I'm from Holland ).

And look what happened: Gox was right after all... "Panic for nothing". Between quotes, cause there ARE things to solve, but the current problem is bigger than we can imagine and is not the problem of Gox only.

So please calm down, it's all gone be fixed within the couple of days, maybe even quicker.

[donk4u]

Essentially the shithead DDOSers are forcing a wedge into the network, ongoing, based on how well each exchange has secured its transactions against corruption.

So it's a DDOS wedge, but it won't hold up, and when it stops, Gox will be fine or as fine as it ever was, LOL.

Arbitragers so sad, but just chill, BTC is a 30 year gameboard.

in otherwords still broke the other exchanges didn't have 200 dollar markups nor a 6,000 transaction runs gox will still not release withdrawls and strudel and tcvx will sill be making profitable buisness ignored tvbc as well since i believe he offered .50 on the dollar as well as strudle.

[itsunderstood]

JP Morgan shows how stupid the top tiers are.  I am serious, they promote low IQ people to the top!

http://www.coindesk.com/jpmorgan-report-bitcoin-inferior-fiat-currency/

“Recall that currencies don’t become widely used spontaneously or through a grassroots campaign. They become widely used nationally because a government declares them legal tender, and they become widely used internationally because they are legal tender in a significant economic area with large, unrestricted capital markets.”

What a dumbshit!

[itsunderstood]

Essentially the shithead DDOSers are forcing a wedge into the network, ongoing, based on how well each exchange has secured its transactions against corruption.

So it's a DDOS wedge, but it won't hold up, and when it stops, Gox will be fine or as fine as it ever was, LOL.

Arbitragers so sad, but just chill, BTC is a 30 year gameboard.

in otherwords still broke the other exchanges didn't have 200 dollar markups nor a 6,000 transaction runs gox will still not release withdrawls and strudel and tcvx will sill be making profitable buisness ignored tvbc as well since i believe he offered .50 on the dollar as well as strudle.

No argument, but poor IT workers are the result of temp companies destroying IT as a sector, via temp employement.  Sure the shithead money stealers and penny stock scumbags sneak in but only on the coattails of shitty IT.

Ed Snowden is all temps.

[donk4u]

Is it safe to say that if we assume that MtGox and the other exchanges are facing the same issue, if Bitstamp is able to fix the problem in their designated time frame (24-72 hours) and resume withdrawals, MtGox will be able to do the same?

If bitstamp finds resolution and gox still refused to process withdrawls truth will be clear at least.

[sturle]

Well now that's a good 72 hour response.  DERP all round.

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

Why doesn't Gox allow BTC conversion into some crypto which can be sent to a functioning exchange with good IT people?

Is there any functioning exchange right now?  One where you can withdraw BTC?  I would be careful with other cryptocurrencies as well, since all are vulnerable to the same problem.

Do you want some salt on "users of the reference implementation do not need to be concerned", Gavin?

[igorr]

Master problem coming,
Now we need a lot money from MtGox and Bitstamp, but they will not have the money to make payments !

[itsunderstood]

Is it safe to say that if we assume that MtGox and the other exchanges are facing the same issue, if Bitstamp is able to fix the problem in their designated time frame (24-72 hours) and resume withdrawals, MtGox will be able to do the same?

If bitstamp finds resolution and gox still refused to process withdrawls truth will be clear at least.

Sure, but as mentioned, they do have the market cap, but you are right about their spread, any trader looks at that and wants a piece.

I have a good friend who is an engineer.  He will not accept any 9/11 conspiracy because his estimation of humanity is that "there is no way you could hide conspiracy like that"   ...So, he is essentially saying "nobody's that smart"  ...Which is what a lawyer would argue in court, "Nobody could have know [such and such]"  --SEE?  They appeal to the non-precedence of the event, kinda like planes hitting buildings as weapons, though it had been analyzed and fielded decades before, it was still able to be played as a "wow, where'd THAT come from?!"-type event.  Knowmsayin?

So, stupidity and laxness, are often fielded as accidental, yet, how would you ever find a lawyer, willing to admit that?  So, like the guy said earlier in this thread "Haha you Amricans always wanting to sue someone" ...As an American I have to kinda agree, because this guy knows: Court and lawyers, are mostly bullshit solutions in the final analysis of the lone plaintiff trying to get his cryptocoin back.

[sturle]

put strudle on ignore, when is gox next announcement on withdrawl issue?

He's the most valuable poster here imho.  The last of his breed.  I don't use ignore lists, but if I did, I certainly would not put him on it!

He's just disgruntled because I never answer him, because.. hrm..  I have him on ignore.   Seriously, I have never seen donk4u add anything of value to the discussion here, so he went pretty fast.  Could try to answer him once, and perhaps he will feel appreciated as well. 

[itsunderstood]

I am thinking of all the actual FRN USD traders a while back who just simply had their nut stolen.  [crocodile tears]

Well, the blockchain is actually a good thing, in terms of owning cryptocoin.  BUT, traders hang themselves out to dry.  Wolf of wall cryptostreet?  Fuckin puppies compared to real gangsters.

So, non traders like me just shrug.  I am not worried about my coins at Gox really.  The blockchain is what matters and it must be respected, and you must disallow all employees or "smart people" or money people, who debauch your party's implementation of the blockchain.

Just as the nature of all cryptocoin is to reject bad nodes, then yes, someone should lose their job, but who gives a fuck about jobs right?  I don't think there are any full time IT jobs left in the future, all temp workers.  Now, what does that bode for networks?

[itsunderstood]

Well now that's a good 72 hour response.  DERP all round.

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

Why doesn't Gox allow BTC conversion into some crypto which can be sent to a functioning exchange with good IT people?

Is there any functioning exchange right now?  One where you can withdraw BTC?  I would be careful with other cryptocurrencies as well, since all are vulnerable to the same problem.

Do you want some salt on "users of the reference implementation do not need to be concerned", Gavin?

sturle, when IT people sit down to build networks, they do not say "Okay now what about when dozens of transnational gangsters fire their DDOS lazors at us?..."

[rpietila]

put strudle on ignore, when is gox next announcement on withdrawl issue?

He's the most valuable poster here imho.  The last of his breed.  I don't use ignore lists, but if I did, I certainly would not put him on it!

He's just disgruntled because I never answer him, because.. hrm..  I have him on ignore.

You have seemingly ignored me also, because you have not addressed my legitimate concerns about the selective information and selective withdraw privileges of gox...  

I don't usually call someone a criminal, but when I do, I make sure they don't have a defence.

[itsunderstood]

So, SIMPLE POINT HERE: Why doesn't Gox just take up ONE ALTERNATE CURRENCY?

[...]

Maybe, but it's not like a light switch... Implementing something like that costs time. Currently they have other things to solve and don't have this time.

[...]

Oh they don't have time to notice the whole notion of cryptocoin evolving aound them?

[raskul]

I think MtGox may have a point after all.  And for the claim that other exchanges work fine:  I think not.

ahem...
RE: KRAKEN;

@ Dargo:
MtGox and Bitstamp have problems with this bitcoin bug transaction malleability.
https://www.bitstamp.net/article/bitcoin-withdraws-suspended/
Do you have to do the same like bitstamp or is your software good enough to avoid this?

We're not affected by this issue because we don't rely on transaction IDs for accounting the same way that these other exchanges do. 

read 'other exchanges' = AMATEURS.

[itsunderstood]

[...]

selective information and selective withdraw privileges of gox...

[...]

You make good points about 'some can and some can't'  ...That's not fair.

Yet, it's a different argument during fog of war, to hold court on the sidlelines of a battle. 

One thing I notice is how impatient my fellow Americans often are, in line at the store.  I mean, it is as if patience is a lost art!  Personally I blame cocaine and meth, I do not use either.

[kawkaw2013]

put strudle on ignore, when is gox next announcement on withdrawl issue?

He's the most valuable poster here imho.  The last of his breed.  I don't use ignore lists, but if I did, I certainly would not put him on it!

+1

I've been lurking in this forum for months, primarily to read what sturle has to say.

[donk4u]

people who support gox at this point are either ignorant or shills auto ignore imo