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Author Topic: What's up with Mt Gox?  (Read 799 times)
elvis
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June 21, 2011, 03:57:34 AM
 #1

They aren't back as promised and they haven't updated their status... bad sign!
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inept
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June 21, 2011, 04:43:14 AM
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I would chalk up any money or bitcoins you had on there as a loss.
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June 21, 2011, 05:02:17 AM
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I would chalk up any money or bitcoins you had on there as a loss.

Anyone that has ever programmed will tell you that giving an accurate estimate of how long a large set of tasks will take is near impossible... and you always end up giving them the most optimistic estimate because you don't want to piss your customer/client/boss/etc off, then the job ends up taking 3 times as long as your worst imaginable estimate.
elvis
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June 21, 2011, 03:45:04 PM
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I have programmed before and I am in project management. There are ways of handling this more professionally. These guys are a bunch of yahoos and not a serious business. I am not convinced I will get my handful of BTC back given the lack of transparency of the whole process. I can't even figure out who and where these guys are! The problem is that BTC w/o a reliable exchange is pretty useless. Nobody else had nearly that traction.
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June 21, 2011, 03:54:14 PM
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In the end having no one big exchange is going to make things great for the people who really love the fun of the market.

To the topic, this is a pretty specific situation here, I don't think there is one way to go about this by the books, I like that they are earnestly trying to fix whatever the fuck happened.

For now, everyone enjoy the other exchanges, sign up everywhere, diversify.

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June 21, 2011, 04:10:52 PM
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They have now started the account recovery process. I do hope they thought it through a little better this time...
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