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Author Topic: MtGox withdrawal delays [Gathering]  (Read 876910 times)
itsunderstood
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February 11, 2014, 09:48:06 PM
 #3981

Lolz i have a hard time understanding you.

[...]

I'm sayin that since you still have enough dignity NOT to be a thief, then you're okay in my book.

Everyone should have "a book" in which people are either good or bad.  Like Santa, knowmsayin?

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
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rpietila
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February 11, 2014, 10:06:55 PM
 #3982

You have seemingly ignored me also, because you have not addressed my legitimate concerns about the selective information and selective withdraw privileges of gox...  Roll Eyes
I don't have any selective withdraw privileges.  Mine are the same as those of any other verified user.

Using what I have learned by experience and by filtering useful information from public fora over many years to have a greater chance to succeed when I try to withdraw is not the same as selective withdraw privileges.  Not all my attempts were successful, btw.  I made a number of 10 BTC withdrawals.  Some were successful, some not.  I did it at a time when I had reason to expect a higher success rate, based on public information and my own experience. 

In this case people came to #mtgox and complained about an error message which usually means the bitcoin address entered in the withdrawal form is invalid or indicates an empty hot wallet at MtGox.  This was at the middle of the night Tokyo time, and I knew they would fill up first thing in the morning.  After a couple hours the reports stopped coming, and this would be the sweet spot.  Hot wallet refreshed with old unspent inputs which most likely would be chosen first.  They don't keep dust in their cold wallets, so I could choose a reasonable withdrawal size as well.

No special privileges or access to restricted information needed.  Everything is out in the open for everyone to learn.  I am certainly not the only one unaffiliated with MtGox who used this trick.  The fresh inputs went very quickly.  My only fault here is telling you about it.

At least MtGox credited my failed withdrawals back to my account.  The 8 BTC withdrawal I made from Bitstamp this morning is still listed as "Finished", but nothing arrived, nothing credited back and support are quiet.  AFAIK Bitstamp has no IRC support either.

Thank you for information. I have a hard time believing that a Norwegian could be a liar. So I wait until Mt.Gox destiny is sealed, at which point it is evident if they have all the bitcoins or not. Even if they do have them, they are still criminals in my book based on their past actions, some of which I have divulged in this thread. If they don't, you will have to admit that you were wrong all the time, leading others to destruction. At that point there will certainly be investigation on your role also.

All I want is to root out the evil from Bitcoin. I am not accepting any compensation from anyone for my losses caused by Gox crimes, unless the widows and orphans share the same pool prorated. I also hope that you cease to call them "useful idiots" solely on the grounds that their trust on the Foundation-Endorsed Market Leader has been obscenely exploited.




zyk
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February 12, 2014, 12:38:45 AM
 #3983

Mt. Gox is paying out ?   to widows and orphans?   Mr. Bitcoin Market is an complete idiot as always !

first paying 27 % premium for Gox -BTC you couldn´t even withdraw and now he offers a 27 % discount

against Bitstamp Btc....even as they are not to be withdrawn  as well.........when counting their wallets

in the next 72 hours there might be nothing to count anymore Wink

Cheers
itsunderstood
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February 12, 2014, 01:18:19 AM
 #3984

Mt. Gox is paying out ?   to widows and orphans?   Mr. Bitcoin Market is an complete idiot as always !

first paying 27 % premium for Gox -BTC you couldn´t even withdraw and now he offers a 27 % discount

against Bitstamp Btc....even as they are not to be withdrawn  as well.........when counting their wallets

in the next 72 hours there might be nothing to count anymore Wink

Cheers

No, because its each exchanges' internal accounting which "strays" from the blockchain, so to speak.  So, they can adjust accordingly, and yes, as Goxies are saying, it takes time.  Many people are having success?  It's just limited for the moment like a dragster or a tank, on the lift, because it has a knock in the engine, but the guns are fine.

How does a carpenter sound a ship?  He hammers on it.  He finds the weak points.  So, the blockchain of BTC is being fixed in such terms.  So, as long as SOMEONE maintains the perfect step in regards to the blockchain and the principles of the satoshi spirit, then the machine rolls forward.

Even after nuke war, people will keep the blockchains going.  The only way to run a good exchange is to be honorable, but stealing the SR wallets was as shitty as in that film Pulp Fiction.  You do not steal wallets, that is bad form.  So, a lot of this recent bs is attached to afghan wars, etc, societies, etc, blah blah blah.  So, be patient.

https://www.youtube.com/watch?v=D5OHrQYwRac

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
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February 12, 2014, 02:35:18 AM
 #3985

What about those Fiat withdrawls out of the rolling honey -pot tank......?


Nobody got anything in the meantime not even after 6 weeks delay just as those guns work normal...as a

Gay-Boucherie surely implies.. Wink ?
itsunderstood
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February 12, 2014, 04:41:27 AM
 #3986

What about those Fiat withdrawls out of the rolling honey -pot tank......?


Nobody got anything in the meantime not even after 6 weeks delay just as those guns work normal...as a

Gay-Boucherie surely implies.. Wink ?

You are right, in that it is unfair that some get to trade, as others do not.  Myself, I use neither kraken nor gox, but kraken is looking good right about now.  But yeah, you are right of course.  Wink

Check out my prescient ATS thread from 2008: "Windows XP: End the Cyberwar, Open the Code Now!" http://www.abovetopsecret.com/forum/thread411978/pg1
Nagle
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February 12, 2014, 08:23:39 AM
 #3987

The official client is fixed already. https://github.com/bitcoin/bitcoin/commit/1bbca24
Yes, although "spend unconfirmed change" is ON by default, so the fix is ineffective by default. That probably should become OFF in a later release.
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February 12, 2014, 09:19:37 AM
 #3988

They do not claim the bug is "hereto unnoticed".  They even claim it is a known design issue.
Yes, I see that now. Even so, this looks to have been addressed in almost every other client/service, and the fact they left it until their withdrawals were crippled to do something about it just seems like laziness.
"Unanticipated bugs don’t come with year-old wiki pages fully documenting them. Gox is full of shit"
"There’s no “new bug". This has been known since 2011 and only incompetent bunch of clowns would based withdrawal refunds on it"
"If Bitcoin Foundation’s mission is to promote bitcoin, then Karpeles should resign or be kicked out for violating mission"

more gold at https://twitter.com/aantonop
"Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software."

"Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again."

"As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected."

More gold at https://bitcoinfoundation.org/blog/?p=422

I expect this joke under the alias "aantonop" to demand Gavin's resignation from the Bitcoin Foundation as well.  Because the only competent non-clown in Bitcoin is obviously aantonop!  ROFL!

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
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February 12, 2014, 09:35:48 AM
 #3989

But complaining at MtGox will make it get fixed faster.  Of course.

As long as MtGox was the only one affected by this, people spent their time complaining about MtGox.  Now when they finally see what he issue is, they finally start eating their words and fixing their s**t.  And I hear a lot less complaining about MtGox now that all major exchanges have halted BTC withdrawals.  Even those who previously claimed they were immune (e.g. BTC-E).

The official client is fixed already. https://github.com/bitcoin/bitcoin/commit/1bbca24
This is only a workaround for a part of the problem, it doesn't fix it.  Even with this option on the client will spend one-confirmation outputs, which will break again in case of a reorg of one block.  A fix would e.g. use another unique ID, independent of the txid, for internal accounting, notice when a txid has changed for a transaction, and resend transactions which depend on the changed txid.

Quote
This prevents the current DDOS which is currently affecting Bitstamp
No, it doesn't.  It is just some tape to hold it better together and make it happen less frequently.

Quote
- which is a DIFFERENT issue. MtGox's problem is that they get transactions rejected because they don't format them properly:
Mallable transactions is not their biggest problem, sending broken transactions is.
Nope.  Wouldn't make much difference.  Their problem is treating the txid as if the confirmed txid for a transaction will be identical to the txid of the transaction they sent.  And this, incidentally, is the cause of Bitcoin-Qt/bitcoind failure as well.  A broken transaction (in that the signature won't get accepted by clients version 0.8 and above) just make the exploit easier because the attacker has more time.

Quote
You are basically spreading FUD. Your story is that everyone else has mtgoxproblems.gif because someone decided to do a ddos on the bitcoin network today - except that's simply not true. There is a difference between a bug which displays your balance incorrectly until you rescan your wallet and sending someone withdraws twice.
The problem is the same (change of txid confuses clients), the consequences differs between implementations.

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.
happygeorge
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February 12, 2014, 10:07:32 AM
 #3990

Okay, all this cruddy crap and negative news because of MtGox... doesn't just make you want to start a contest to see who can make the best "Screw MtGox" video or something?

Perhaps something on Fiverr.... ? Smiley  Okay, I am not here to advertise Fiverr, I just noticed they are accepting bitcoins, and so I started a month long contest thread!

please take 30 seconds, and see if you agree, and perhaps try winning 10x your investment! 

https://bitcointalk.org/index.php?topic=461507

You can win $50 for a $5 fun "investment" Grin

donk4u
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February 12, 2014, 12:35:00 PM
 #3991

But complaining at MtGox will make it get fixed faster.  Of course.

As long as MtGox was the only one affected by this, people spent their time complaining about MtGox.  Now when they finally see what he issue is, they finally start eating their words and fixing their s**t.  And I hear a lot less complaining about MtGox now that all major exchanges have halted BTC withdrawals.  Even those who previously claimed they were immune (e.g. BTC-E).

The official client is fixed already. https://github.com/bitcoin/bitcoin/commit/1bbca24

This prevents the current DDOS which is currently affecting Bitstamp - which is a DIFFERENT issue. MtGox's problem is that they get transactions rejected because they don't format them properly:

http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/

Mallable transactions is not their biggest problem, sending broken transactions is.

You are basically spreading FUD. Your story is that everyone else has mtgoxproblems.gif because someone decided to do a ddos on the bitcoin network today - except that's simply not true. There is a difference between a bug which displays your balance incorrectly until you rescan your wallet and sending someone withdraws twice.

Everyone plus oneing the guy who is snapping up players funds at .50 on 1 dollar like a theif in the night because of how knowledgeable on gox he is meanwhile he dosen't know the difference between a denial of service attack and  gox reason for  trapping stealing its customers money.

So the problem of malleability remained at MtGox, while having been fixed in the rest of the world. This – the discrepancy itself – was the root cause of the problem, because it meant that MtGox started issuing invalid transaction records for bitcoin withdrawals. Obviously, they were rejected by the bitcoin network.

The above is what happened at gox no other legitamate site sent withdrawls that had invalid transaction records and would obviously get stuck.
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February 12, 2014, 01:24:14 PM
 #3992

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?

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February 12, 2014, 01:33:24 PM
 #3993

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?



if ever then weeks.

donk4u
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February 12, 2014, 01:34:40 PM
 #3994

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?



if ever then weeks.

Im guessing never and if gox opens withdrawls to wallets I am guessing they will do it only if bitcoin crashes to 50 or 100 usd. The good news is they will in the interim let people like plus one man trade at .50 on the dollar though for anyone that has large amounts of bitcoins stuck
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February 12, 2014, 01:36:57 PM
Last edit: February 12, 2014, 01:53:24 PM by pedro82
 #3995

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?



I would add withdraws in general ... are they processing any kind of withdraw Huh can any one confirm fiat transfers these days ?
sturle
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February 12, 2014, 02:22:01 PM
 #3996

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?
I don't like making guesses, so I'll let you all interpret this for yourselves:

Quote from: MagicalTux in #mtgox
04:05 <@MagicalTux> [12:05:05] <x> MagicalTux: would you consider a work around for manual bitcoin withdrawal if you can't get that consensus in a 'reasonable timeframe'   ie, the next week <- establishing a standard shouldn't take that long, but if indeed it takes longer we might just go on with the proposal we included in the announcement we did monday

Other news which may influence how you plan your BTC purchases when the BTC withdrawal floodgates open:
Quote from: SarahCoinBit in #mtgox
11:57 <@SarahCoinBit> Diabolicus_Work I've had more requests to cancel fiat withdrawals in the last two days than i have in the last two months
I.e: The amount of fiat on MtGox is increasing rapidly.

Think about this for a moment: If I made up a fake quote here where MagicalTux allegedly told me in private that MtGox would resume BTC withdrawals tomorrow morning, I could make a million by buying buckets of BTC on MtGox just before I posted it, and selling as soon as people start denouncing it as a fake.  Just by abusing your trust in me.  It will probably only work once, but that is all I need.  I can retire afterwards.  Always beware of market manipulation.  And note that my quotes above, which are correct, may be carefully selected and placed in a different context to manipulate the market.  Always be very critical to news and reports when you don't have the full story first hand, and take speculation for what it is: 100% made up, often for the purpose of manipulating the market.

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.
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February 12, 2014, 02:26:25 PM
 #3997

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?



if ever then weeks.

Im guessing never and if gox opens withdrawls to wallets I am guessing they will do it only if bitcoin crashes to 50 or 100 usd. The good news is they will in the interim let people like plus one man trade at .50 on the dollar though for anyone that has large amounts of bitcoins stuck

Is it possible for them to allow BTC withdraws once the price crashes to 50 or 100USD? how would that work?

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February 12, 2014, 02:30:10 PM
 #3998

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?



if ever then weeks.

Im guessing never and if gox opens withdrawls to wallets I am guessing they will do it only if bitcoin crashes to 50 or 100 usd. The good news is they will in the interim let people like plus one man trade at .50 on the dollar though for anyone that has large amounts of bitcoins stuck

Is it possible for them to allow BTC withdraws once the price crashes to 50 or 100USD? how would that work?

 They probably have that much to cover the bankrun and once hits that low would miraculesly find fix to problem that dosen't exist. Bitcoin will prob not drop that low though so doubt that will happen unless another bitcoin exchange tanks or few more bad news postings  like bitinstant owner arrest etc.
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February 12, 2014, 02:33:26 PM
 #3999

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?
I don't like making guesses, so I'll let you all interpret this for yourselves:

Quote from: MagicalTux in #mtgox
04:05 <@MagicalTux> [12:05:05] <x> MagicalTux: would you consider a work around for manual bitcoin withdrawal if you can't get that consensus in a 'reasonable timeframe'   ie, the next week <- establishing a standard shouldn't take that long, but if indeed it takes longer we might just go on with the proposal we included in the announcement we did monday

Other news which may influence how you plan your BTC purchases when the BTC withdrawal floodgates open:
Quote from: SarahCoinBit in #mtgox
11:57 <@SarahCoinBit> Diabolicus_Work I've had more requests to cancel fiat withdrawals in the last two days than i have in the last two months
I.e: The amount of fiat on MtGox is increasing rapidly.

Think about this for a moment: If I made up a fake quote here where MagicalTux allegedly told me in private that MtGox would resume BTC withdrawals tomorrow morning, I could make a million by buying buckets of BTC on MtGox just before I posted it, and selling as soon as people start denouncing it as a fake.  Just by abusing your trust in me.  It will probably only work once, but that is all I need.  I can retire afterwards.  Always beware of market manipulation.  And note that my quotes above, which are correct, may be carefully selected and placed in a different context to manipulate the market.  Always be very critical to news and reports when you don't have the full story first hand, and take speculation for what it is: 100% made up, often for the purpose of manipulating the market.

thanks for the info.

As indicated by the forum, I am a newbie (quite accurate), so this follow up question may seem obvious for many people but not to me:
where did you get this info? are you in direct contact with Gox (i.e. IRC or something similar)?

and if so, how can other people can contact Gox staff?
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February 12, 2014, 02:34:56 PM
 #4000

Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?
I don't like making guesses, so I'll let you all interpret this for yourselves:

Quote from: MagicalTux in #mtgox
04:05 <@MagicalTux> [12:05:05] <x> MagicalTux: would you consider a work around for manual bitcoin withdrawal if you can't get that consensus in a 'reasonable timeframe'   ie, the next week <- establishing a standard shouldn't take that long, but if indeed it takes longer we might just go on with the proposal we included in the announcement we did monday

Other news which may influence how you plan your BTC purchases when the BTC withdrawal floodgates open:
Quote from: SarahCoinBit in #mtgox
11:57 <@SarahCoinBit> Diabolicus_Work I've had more requests to cancel fiat withdrawals in the last two days than i have in the last two months
I.e: The amount of fiat on MtGox is increasing rapidly.

Think about this for a moment: If I made up a fake quote here where MagicalTux allegedly told me in private that MtGox would resume BTC withdrawals tomorrow morning, I could make a million by buying buckets of BTC on MtGox just before I posted it, and selling as soon as people start denouncing it as a fake.  Just by abusing your trust in me.  It will probably only work once, but that is all I need.  I can retire afterwards.  Always beware of market manipulation.  And note that my quotes above, which are correct, may be carefully selected and placed in a different context to manipulate the market.  Always be very critical to news and reports when you don't have the full story first hand, and take speculation for what it is: 100% made up, often for the purpose of manipulating the market.

Reality check: You are overestimating the influence of this forum/thread on the market. If you made up a fake quote by MagicalTux most people would look for an official/more reliable confirmation, and in the meanwhile the price wouldn't do shit.


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