MtGox withdrawal delays [Gathering]

[Bitnicity]

"the system needs to be in static state" to fix the technical problems they are having... So why income transfers are still working? Aren't deposits on the same system as withdrawals?

their problem is, that when withdrawing their system assigns one input to multiple outputs, thus doublespending. If they receive incoming transfers, that problem does obviously not occur.

and you could prove us wrong by depositing some btc and see if there is indeed no double spending issue  

[1714848703]

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[TwinWinNerD]

"the system needs to be in static state" to fix the technical problems they are having... So why income transfers are still working? Aren't deposits on the same system as withdrawals?

their problem is, that when withdrawing their system assigns one input to multiple outputs, thus doublespending. If they receive incoming transfers, that problem does obviously not occur.

and you could prove us wrong by depositing some btc and see if there is indeed no double spending issue  

You don't understand me obviously.

I said deposits of BTC INTO Gox do not cause problems FOR MTGOX.

I did not say you should deposit some, or did i?

[Bitnicity]

"the system needs to be in static state" to fix the technical problems they are having... So why income transfers are still working? Aren't deposits on the same system as withdrawals?

their problem is, that when withdrawing their system assigns one input to multiple outputs, thus doublespending. If they receive incoming transfers, that problem does obviously not occur.

and you could prove us wrong by depositing some btc and see if there is indeed no double spending issue  

You don't understand me obviously.

I said deposits of BTC INTO Gox do not cause problems FOR MTGOX.

I did not say you should deposit some, or did i?

in my context, you = Rampion.., not really you, coz i concur your points

[TwinWinNerD]

"the system needs to be in static state" to fix the technical problems they are having... So why income transfers are still working? Aren't deposits on the same system as withdrawals?

their problem is, that when withdrawing their system assigns one input to multiple outputs, thus doublespending. If they receive incoming transfers, that problem does obviously not occur.

and you could prove us wrong by depositing some btc and see if there is indeed no double spending issue  

You don't understand me obviously.

I said deposits of BTC INTO Gox do not cause problems FOR MTGOX.

I did not say you should deposit some, or did i?

in my context, you = Rampion.., not really you, coz i concur your points

aight, then i have to apologize

[Zarathustra]

look at all the panic sale over the past several days, that's astonishing slaughtering, think about those sellers who just bought goxbtc at $200 above market just a week ago and now screaming to fire sell at $50-100 below market; Gox is the only asshole that benefit from this stupidity;  They are taking advantage of the panic to pick up some cheap goxbtc at shit discount (they are the only guys that know all the gox$ plus goxbtc dark pool), then off load to the same guys selling today at huge mark-up tomorrow as people rush to withdraw - be rational guys, Gox is no way to be insolvent as they are just collecting all your btc at basement price- unexpectedly, Gox will announce "withdraw as usual" when they finally clean the floors , let's test my theory and prove me wrong over the next week.

I don t think they are insolvent at all. On the contrary. The huge delays even in JPY withdrawals can have been caused by only 2 reasons, imho:
1- technical incompetence
2- regulatory pressure which makes the whole process taking longer

The last post from coindesk -http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/- tends to confirm that.
Roger Ver and Antonopoulos don t think they are insolvent either.

Antonopoulos:

“They will keep causing crashes in the bitcoin network until everyone abandons them, so abandon them sooner rather than later. Not because they’re frauds, but because they are amateurish – clownish – in their operations.”

[rpietila]

What a vote of confidence 

[kano]

look at all the panic sale over the past several days, that's astonishing slaughtering, think about those sellers who just bought goxbtc at $200 above market just a week ago and now screaming to fire sell at $50-100 below market; Gox is the only asshole that benefit from this stupidity;  They are taking advantage of the panic to pick up some cheap goxbtc at shit discount (they are the only guys that know all the gox$ plus goxbtc dark pool), then off load to the same guys selling today at huge mark-up tomorrow as people rush to withdraw - be rational guys, Gox is no way to be insolvent as they are just collecting all your btc at basement price- unexpectedly, Gox will announce "withdraw as usual" when they finally clean the floors , let's test my theory and prove me wrong over the next week.

I don t think they are insolvent at all. On the contrary. The huge delays even in JPY withdrawals can have been caused by only 2 reasons, imho:
1- technical incompetence
2- regulatory pressure which makes the whole process taking longer

The last post from coindesk -http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/- tends to confirm that.
Roger Ver and Antonopoulos don t think they are insolvent either.

Well - of course the other obvious point is that if people can get $/BTC in but can't get $/BTC out, what are you stuck with doing with it?
... trading ... which makes Gox profits ...
It's all a show to make more money for them.

Of course there may be problems, but it has been to their advantage to drag these problems on for months.
Which is why they have done this.

Many of us have a list of BTC withdrawl requests that MtGox has now denied.
They've put the funds back into our balance rather than doing what we requested ... that they have a perfect log of also.
Yes that is illegal.

[mgroenouwe]

look at all the panic sale over the past several days, that's astonishing slaughtering, think about those sellers who just bought goxbtc at $200 above market just a week ago and now screaming to fire sell at $50-100 below market; Gox is the only asshole that benefit from this stupidity;  They are taking advantage of the panic to pick up some cheap goxbtc at shit discount (they are the only guys that know all the gox$ plus goxbtc dark pool), then off load to the same guys selling today at huge mark-up tomorrow as people rush to withdraw - be rational guys, Gox is no way to be insolvent as they are just collecting all your btc at basement price- unexpectedly, Gox will announce "withdraw as usual" when they finally clean the floors , let's test my theory and prove me wrong over the next week.

I don t think they are insolvent at all. On the contrary. The huge delays even in JPY withdrawals can have been caused by only 2 reasons, imho:
1- technical incompetence
2- regulatory pressure which makes the whole process taking longer

The last post from coindesk -http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/- tends to confirm that.
Roger Ver and Antonopoulos don t think they are insolvent either.

Antonopoulos:

“They will keep causing crashes in the bitcoin network until everyone abandons them, so abandon them sooner rather than later. Not because they’re frauds, but because they are amateurish – clownish – in their operations.”

What I don't get: How difficult is it to hire a manager who can run the company? Furthermore it seems they don't have a team of programmers who can build a decent BTC-exchange. Why don't they hire them? They make 0,6% fee so they must be solvent enough to hire some good programmers.

Antonopoulos:

"Mt. Gox has built an exchange based on a hodgepodge of technologies that are really not suitable for running an exchange. And it’s being run by people who don’t really have experience building and operating scalable systems."

Why for god's sake are they only putting Band-Aids to the system?

[igorr]

Countdown is begun,

Tokio/Japan GMT, 23:45
Peking/China  GMT, 22:45

[AFox]

They said "Update Monday" not "Update Monday at midnight"

[igorr]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon 

[alfabitcoin]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

[igorr]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

[alfabitcoin]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line. Many of us disagree so why to continue to argue? Maybe it your realisam but not mine and of majority of users.
I think you are from Russia and now barking on the wrong tree!

[igorr]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line.
I think you are from Russia and now barking on the wrong tree!

Remember, Russia = True

[alfabitcoin]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line.
I think you are from Russia and now barking on the wrong tree!

Remember, Russia = True

You just prove my point. Let me ask you a question and please be honest: would you have the same opinion of btc going to end if russia did not ban btc?

[igorr]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line.
I think you are from Russia and now barking on the wrong tree!

Remember, Russia = True

You just prove my point. Let me ask you a question and please be honest: would you have the same opinion of btc going to end if russia did not ban btc?

Of course, Bitcoin will definitely go to the bottom, with or without Russia,

This is all a big game by the rules of  manufacturer mining hardware, which is based on speculation,
and MtGox is ponzi scheme, now we see,
who is behind Mtgox, we will see soon.

[TwinWinNerD]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line.
I think you are from Russia and now barking on the wrong tree!

Remember, Russia = True

You just prove my point. Let me ask you a question and please be honest: would you have the same opinion of btc going to end if you were not a retarded troll?

FYP

[alfabitcoin]

They said "Update Monday" not "Update Monday at midnight"

LOL, bitcoin armageddon  

Igorr
If you so hate bitcoin and wish to go down what are you doing here? Go and leave btc world behind and let us alone with your fud.

I'm just realistic and this is true

Listen, that is your opinion and it does not mean a truth. You went to far with your fud, its different to post once your concerns or opinions but starting zilion thead and post with all the same fud is out of line.
I think you are from Russia and now barking on the wrong tree!

Remember, Russia = True

You just prove my point. Let me ask you a question and please be honest: would you have the same opinion of btc going to end if you were not a retarded troll?

FYP

Thank for fyp

[igorr]

I know that the truth really hurts.