MtGox withdrawal delays [Gathering]

[itsunderstood]

Well it was fine when they dropped a bit low, but this is kind of obvious, in terms of them being like

"well, we are honest people, but, we honestly are taking weeks to fix what is killing the bitcoins you've entrusted with us."

So, yeah, you are honest enough NOT to arb a market making position on a black market transfer vehicle at a 25% premium, but what about 300%?  What about if Gox coin is at 10 bucks and stamp at 600?  If someone has the exit, they can buy cheap coin all day, it's basically like when your tonsils go bad, in terms of integrity to your community.  This is like, poisonous stupidity or criminality I don't know which, but it is epic in scope.

Time does not heal all wounds it makes many of them WORSE.

[1713972528]

1713972528

[1713972528]

1713972528

[raskul]

Well it was fine when they dropped a bit low, but this is kind of obvious, in terms of them being like

"well, we are honest people, but, we honestly are taking weeks to fix what is killing the bitcoins you've entrusted with us."

So, yeah, you are honest enough NOT to arb a market making position on a black market transfer vehicle at a 25% premium, but what about 300%?  What about if Gox coin is at 10 bucks and stamp at 600?  If someone has the exit, they can buy cheap coin all day, it's basically like when your tonsils go bad, in terms of integrity to your community.  This is like, poisonous stupidity or criminality I don't know which, but it is epic in scope.

Time does not heal all wounds it makes many of them WORSE.

there is always an exit, regardless of what they try to tell you, if i were one of those protesters, i'd be digging like a little hackf*ck to try and find it, not just sitting there playing with a webcam. Mr robot face could be a real superhero!!!

[lucaing]

Let's see: Italy says now 20% tax on all inbound funds for everyone.

they are going to cancel that shit: so far it's been just postponed for a few months, but they probably realized they were crossing the line as they heard the approaching mob with pitchforks

i'm worried that they are not going to cancel that shit for now. that's really shit.

(btw, i'm italian)

yes they are:
http://www.ilsole24ore.com/art/notizie/2014-02-19/bonifici-estero-tesoro-sospende-ritenuta-20percento-191538.shtml?uuid=ABxlFjx

My apologies. You are right

[whave]

I'm pretty curious how today's promised uptade will affect the already weird prices.

[flound1129]

Where's our man sturle?

[raskul]

Where's our man sturle?

crickets.

[BitPaulo]

Where's our man sturle?

crickets.

yes, where?

[whave]

He's busy making sick profits!

[smoothie]

Where's our man sturle?

Lurking and going to jump in when there is any type of information he can twist to make something ridiculous sound rosy and filled with rainbows and unicorns and candy.

[whave]

Where's our man sturle?

Lurking and going to jump in when there is any type of information he can twist to make something ridiculous sound rosy and filled with rainbows and unicorns and candy.

Well, it would be boring if everyone would just spread fud/criminal/bankrupcy/insolvency/insidertrading theories (without presenting any actual facts) like you do all day, wouldn't it?

[solex]

Where's our man sturle?

Maybe wearing the silver mask at the MtGox Protest..?

[itsunderstood]

He's busy making sick profits!

For real yo.  Chep coin much profit! Great!

[severance26]

lol. my money is on "WTF its 6 o clock in japan and mark hasnt posted an update?! ITS BAD NEWS" みたいな感じ

[smoothie]

Where's our man sturle?

Lurking and going to jump in when there is any type of information he can twist to make something ridiculous sound rosy and filled with rainbows and unicorns and candy.

Well, it would be boring if everyone would just spread fud/criminal/bankrupcy/insolvency/insidertrading theories (without presenting any actual facts) like you do all day, wouldn't it?

Yes I "theorize" all day about the following right?

1. Not opening withdrawals of BTC yet.

2. Haven't proven they have all of their customer funds.

3. "Supposedly" going to re-open withdrawal with new limits (BTC).

4. Not defined "limits" for BTC withdrawals (could be anything). <------- Prevents a bank run.

5. Claimed they will have more info by Thursday of this week (more delays as expected).

6. Still failing at running an exchange at world-class level.

Oh wait, #1 thru #6 are all FACTS.

[itsunderstood]

I like how their idea was to test their fix live on the exchange.  Yeah, that's good process there.  I swear, sometimes it is hard not to be a thieving shit with all these dummies around.  [shrug]

[Rampion]

You've been goxxed... Again.

https://www.mtgox.com/img/pdf/20140220-Announcement.pdf

"
Tokyo, Japan, February 20th, 2014

Dear MtGox Customers,

Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress.

As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop.

We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support.
 
Best regards,

MtGox Team

[ebolivia]

Gox'ed again!

"Dear MtGox Customers,
 
Thank you for your patience this week while we are working on re-initiating bitcoin withdrawals. In addition to the technical issue, this week we have experienced some security problems, and as a result we had to relocate MtGox to our previous office building in Shibuya (details can be found here: https://support.mtgox.com/home). The move, combined with some other security and technical challenges, pushed back our progress.
 
As much as we didn’t want to only provide an “update on an update”, this is the current status. We are committed to solving this issue and will provide more information as soon as possible to keep everyone in the loop.
 
We are very sorry for the delays and deeply appreciate your kind understanding and continuous support.
 
Best regards,
 
MtGox Team"

[Hen0xyd]

Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress."
"
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop."
"
We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support."

Only one reaction :
LLLLLLLLOOOOOOOOOOOOLLLLLLLLLL

Edit : can't decide which part of this announcement I enjoy the most.

[itsunderstood]

security problems, no shit.

[jack0m]

security problems, no shit.

lol, they'd be better off relocating to the Mount Suribachi at Iwo Jima