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Author Topic: MtGox btc price > 1.3 million per bitcoin  (Read 14295 times)
eyal
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July 31, 2011, 03:54:34 PM
 #81

it was probably some kind of a wormwhole bug which caused MtGox to display the USD exchange-rate from some day in the future. With the realistic possibility of a US default, we could actually see it happens sooner than later.

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evoorhees
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July 31, 2011, 04:31:55 PM
 #82

it was probably some kind of a wormwhole bug which caused MtGox to display the USD exchange-rate from some day in the future. With the realistic possibility of a US default, we could actually see it happens sooner than later.


LOL that's the best explanation yet.
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July 31, 2011, 04:33:50 PM
 #83

Now we can't contact the owner of Mtgox. that's the sad results of no phone number left on website.

260 people contacted the owner of mtgox on the official #mgox  support IRC channel and had immediate answers from MagicalTux

 If you had a phone number to contact us , you d have useless answers from an underpaid offshore call center employee ( and you would probably pay more fees to pay a useless call center in india ).

 mtgox support is by email and realtime on IRC , channel #mtgox, server chat.freenode.net

 this was a bug after a database upgrade to support multi-currencies soon.
 Eveything is back to normal now.

 an official communication will soon come.

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July 31, 2011, 05:16:59 PM
 #84

an official communication will soon come.


It came:

https://support.mtgox.com/entries/20323996-mt-gox-system-update-troubles

RandyMarsh
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July 31, 2011, 05:57:35 PM
 #85

Quote
As such, trades in the order book continued to execute during the upgrade.

Does this mean that you intended to freeze all trading during the upgrade?


Why not have scheduled downtime for this kind of upgrade and/or maintenance?

Stan?! STAN?!?!
Tasty Champa
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July 31, 2011, 10:42:05 PM
 #86

anyone think this means we might be able to purchase different currency?
...It gets interesting.  Cool
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July 31, 2011, 11:46:54 PM
 #87

human errors happen - was caught and repaired

communication was good in realtime and also afterwards more "official".

but for FSM sake - GET A PROPER TEST/STAGING SYSTEM *and test rollouts under load* before doing this in production
Cluster2k
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August 01, 2011, 12:37:57 AM
 #88

If nothing else, this Mt Gox bug allowed me to sell bitcoins at way above the recent average price.  The trades were not wound back.  Bots reacted to the erroneous price and raised their bids, allowing human traders to take advantage.  Just one of the dangers of letting bots roam free.

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caston
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August 01, 2011, 02:00:27 AM
 #89

anyone think this means we might be able to purchase different currency?
...It gets interesting.  Cool

NMC perhaps?

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TiagoTiago
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August 01, 2011, 02:20:35 AM
 #90

So this time people actually profited instead of loosing money?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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RandyMarsh
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August 01, 2011, 02:45:38 AM
 #91

Bots reacted to the erroneous price and raised their bids

ah that makes sense, and 19k bitcoins changed hands because of it  Shocked what a mess

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August 01, 2011, 09:29:14 AM
 #92

If nothing else, this Mt Gox bug allowed me to sell bitcoins at way above the recent average price.  The trades were not wound back.  Bots reacted to the erroneous price and raised their bids, allowing human traders to take advantage.  Just one of the dangers of letting bots roam free.
Of letting them roam free on an unregulated marketplace that can give completely bogus pricing information and has no rules on how to handle this, anyway.

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Chick
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August 01, 2011, 09:37:49 AM
 #93

Damn it, you guys are too slow! I would have cashed out to dwolla by now!

d.james
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August 01, 2011, 09:49:59 AM
 #94

It will take YEARS to withdraw 7million USD from Gox, with the $1000 daily withdraw limit.

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bigb159
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August 01, 2011, 02:21:46 PM
 #95

And yet another one who would rather exchange in any currency but the USD. It ain't looking good for the Uncle.

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Jack of Diamonds
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August 01, 2011, 02:23:55 PM
 #96

It will take YEARS to withdraw 7million USD from Gox, with the $1000 daily withdraw limit.

The $1k per day is not a hard limit.

It can be raised to 10k or more if you send in personal identification to Mark/Tibanne.

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August 03, 2011, 04:32:06 PM
 #97

Suspend trading during upgrades, for fucks sake.
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August 05, 2011, 09:39:01 PM
 #98

does anyone know how long it takes for your deposit to show up

make it rain haha
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