MtGox withdrawal delays [Gathering]

[itsunderstood]

[TheFootMan]

The real fun part is when someone gets the email addresses of these Gox users and starts setting them up for some *real* fraud.

I suspect that's what http://www.mtgoxrecovery.com is doing. They're collecting email addresses of Gox users, and claiming to "assist" them in recovery. But they don't have a name, an address, or phone number. Their domain name is registered anonymously. They claim to have an attorney, but don't say who it is.

Do not give "mtgoxrecovery" any account or identity information.

Good call. You could always fake the data though, just to be kept in the loop.

[grifferz]

about the only thing that keeps pushing bitcoin prices up, is the cost of the hashpower to find each coin, and as more people keep adding more, it'll just keep going up.

So would you argue that if you spend $5mil creating a bronze bust of Mark Karpeles that you will be able to sell it for at least $5mil?

I don't think supply and demand works that way.

[Lohoris]

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

[Lohoris]

about the only thing that keeps pushing bitcoin prices up, is the cost of the hashpower to find each coin, and as more people keep adding more, it'll just keep going up.

So would you argue that if you spend $5mil creating a bronze bust of Mark Karpeles that you will be able to sell it for at least $5mil?

I don't think supply and demand works that way.

It "works that way" IF all the involved people are acting rationally.
i.e. if you know that you will be likely able to sell it, then you create it, and not the other way around.

[Rampion]

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public:

https://twitter.com/nejc_kodric
http://www.crunchbase.com/person/nejc-kodric
http://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299
http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmap

Plus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name...

And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric.

[zyk]

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public:

https://twitter.com/nejc_kodric
http://www.crunchbase.com/person/nejc-kodric
http://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299
http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmap

Plus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name...

And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric.

Only that it would be dump not to let some hack happen and run with that much money if you watch like Mark is coming out of this!

And if not doing fractional then why not keeping the trades in the blockchain ?  Nah..of course that would take tooooo long for speculating fucktards

[cAPSLOCK]

People confuse Bitstamp with BTC-e.

Because Slovania = Russia = Latvia = Czech Republic = Russia in many people minds.

[Totscha]

it's obvious that Bitstamp has a problem with its platform and it may sink soon.

I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.

Only... they are anonymous, so sueing them might be much more complicated.
Which also means they are more likely to just grab any funds they still have and run.

Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public:

https://twitter.com/nejc_kodric
http://www.crunchbase.com/person/nejc-kodric
http://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299
http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmap

Plus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name...

And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric.

He probably had them confused them with BTC-E...

[roslinpl]

maybe sue mybe not.
Depend on what we can have from it...


from MtGox for now you can have nothing.

[cafminer1]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

[theshazbot]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

yep – and in fact I actually wire transferred $15,000 the same day the website was shut down. Fuck me.

[WuttWutt]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

yep – and in fact I actually wire transferred $15,000 the same day the website was shut down. Fuck me.

ya right

[rcocchiararo]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

yep – and in fact I actually wire transferred $15,000 the same day the website was shut down. Fuck me.

ya right

I know a few guys that, like the one you quoted, gabled on gox comming back, so they transfered money on the last days when goxBTC was dirty cheap.

He might be telling the truth

[ilpirata79]

I have in fact bougth some bitcoins when they were cheap because I had already fiat trapped there. I wouldn't have done that had I known there were no real bitcoins to buy.
If they decide to value my gox btc 0 I will make that present...

Best regards,
ilpirata79

[donk4u]

Wtf is the point of a call center? Hi mt gox i have coin on your site.  Operator: we are bankrupt sorry for the inconvenience.    You: oh ok ty for your help

[newguy05]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

yep – and in fact I actually wire transferred $15,000 the same day the website was shut down. Fuck me.

ya right

I know a few guys that, like the one you quoted, gabled on gox comming back, so they transfered money on the last days when goxBTC was dirty cheap.

He might be telling the truth

Those are just pure speculators they know the counterparty risk very clearly and made a bet, nothing wrong with that but no need to cry about it afterwards for being on the wrong side. It's essentially buying a credit default swap on a c-rated company for $0.2 on the $1, not a bet i would personally made.

It's the clueless average joe who decided to invest some money in bitcoins, who doesnt read the forums, and thought mtgox is just like fidelity that are victims. And they will now stay away from bitcoins, most probably cant even tell the difference between mtgox and bitcoin, still thinking bitcoin went down.  

This is why bitcoin foundation is doing such a disservice by leaving gox on the gold list, not warning anyone, then act all surprised when gox broke the news.  

[cafminer1]

Of course the late coming money was gambling.

What makes MtGox absolutely not less criminal when allowing it to happen.

That, is not crime. This, yes, it is.

BTW: BTC is "sky rocketing" again right now, back to 700. Karpeles spending the "stolen" money? ;-)

[ex_trin]

I do not understand.
If they still have 60% percent of the funds, then let them by common agreement of all returned at the expense of 60%, the exact same return to its creditors by 60%. and will continue to work to eliminate vulnerabilities. Of course first and foremost should be investigated, and then do as I suggested. I think anyone would agree to return 60% instead of 0.

[donk4u]

A very simple point over all this, that I think sumarizes Karpeles and MtGox positions:

Once MtGox suspended all withdrawals due to missing BTC etc. they DID NOT suspend deposits or trading, that way attracting a whole lot of NEW money to sink into the bankruptcy.

If that is not a criminal, on purpose, act, I dont know what is.

Mt gox was taking new signups up until the eve of going dark freaking criminals.