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Poll
Question: How much do you trust Mt. Gox?
Not at all:  Mt. Gox is a scammer trying to steal people's money - 3 (2.8%)
Not at all: I'm concerned about privacy and anonymity, so I make it a practice not to trust anyone.  No mark against Mt. Gox though. - 10 (9.4%)
As much or more than Paypal or similar institutions, whatever that says. - 24 (22.6%)
Quite a bit:  I think there are probably some details to work out and changes to make, but we're getting there. - 34 (32.1%)
I pretty much trust Mt. Gox hands down.  Money, identity, community respect, etc.  Go Mt. Gox!  We're behind you!! - 20 (18.9%)
Other:  This poll doesn't have an option which represents me well. - 15 (14.2%)
Total Voters: 104

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Author Topic: In Gox we trust  (Read 7920 times)
BitterTea
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March 02, 2011, 11:57:31 PM
 #21

Hmmmm.... Talking almost as if you knew him, you are.
Suspicious it is, indeed.
Shadow, please give up this witch hunt. There's no evidence to show that wb3 and Baron are related in any way, and I don't think constant accusations are going to do the Bitcoin community any good.

Please, please stop this behavior. It's not helping anybody.
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ShadowOfHarbringer
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March 02, 2011, 11:59:48 PM
 #22

Hmmmm.... Talking almost as if you knew him, you are.
Suspicious it is, indeed.
Shadow, please give up this witch hunt. There's no evidence to show that wb3 and Baron are related in any way, and I don't think constant accusations are going to do the Bitcoin community any good.

Please, please stop this behavior. It's not helping anybody.

Oh, don't worry i am just having some fun Smiley
OK, enough.

wb3
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March 03, 2011, 12:03:51 AM
 #23

Lets assume Baron stole the Money, why does MtGox care?
The money was stolen while placed in his care. His business's reputation is at stake. Let's say you had 9000 BTC in your mtgox account and it was stolen. Would you continue to do business with him if he just said "too bad" and let the thief get away with the money?


If someone robs your bank tomorrow and steals the money out of your account, does the bank take money from other customer's that were "suspected" in the crime.

No, they eat the loss and try to catch the criminal. If they can't oh, well.  They eat the loss and maybe install a better "vault".


Scammer I am not. Anonymity at times is important to me. At others it is not. In this case, anyone who can look at the logs at this site will find that I am not trying to hide my identity.  I am from the U.S.  and have some ideas for the BitCoin.

For example:  It looks like a double blind escrow service would look good. Each sends it in the funds, each agrees on trade, and send an OK for the xfer to occur.  With PGP this shouldn't be to hard. Looking into varying ideas.


Net Worth = 0.10    Hah, "Net" worth Smiley
kiba
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March 03, 2011, 12:05:15 AM
 #24

I used mtgox for a while when I was speculating on bitcoin. Now that career is over, I don't use mtgox.

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March 03, 2011, 12:06:36 AM
 #25

I'll stand up for wb3. His command of English is far too good to be Baron.

As for Gox, I trust him enough to do an occasional buy/sell of some bitcoins, but I do not trust him enough to keep any funds in his control for more than a few minutes. Let me point to one big Eve scam (there's probably more) as an example.

http://www.eveonline.com/ingameboard.asp?a=topic&threadID=381340

Gox could one day close all accounts and there would be absolutely nothing any of you could do about it.

Buy & Hold
ShadowOfHarbringer
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March 03, 2011, 12:10:56 AM
 #26

Scammer I am not.

Let's assume that you are not for now, but i will be watching you.

Closely.

wb3
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March 03, 2011, 12:22:17 AM
 #27

Scammer I am not.

Let's assume that you are not for now, but i will be watching you.

Closely.


Hopefully your a girl, then.  Hate to think some dude is "Watching" me. 


I must say at least this forum is pretty active and lively with a little paranoia tossed in to make it interesting.

Money for Nothing and your chicks for free,  whole new meaning.

Net Worth = 0.10    Hah, "Net" worth Smiley
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March 03, 2011, 12:28:34 AM
 #28

Scammer I am not.

Let's assume that you are not for now, but i will be watching you.

Closely.

Hopefully your a girl, then.  Hate to think some dude is "Watching" me.  

I must say at least this forum is pretty active and lively with a little paranoia tossed in to make it interesting.

Money for Nothing and your chicks for free,  whole new meaning.

Hahaha good, good :]
I am now certain that you are not Baron.

theymos
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March 03, 2011, 12:35:26 AM
 #29

I think Jed is a good, honest administrator. He's eaten a lot of costs, even though he probably makes very little money from the site. However, I have never trusted the software or concept of MtGox, and I will never store loads of money there.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
wb3
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March 03, 2011, 12:48:49 AM
 #30

I think Jed is a good, honest administrator. He's eaten a lot of costs, even though he probably makes very little money from the site. However, I have never trusted the software or concept of MtGox, and I will never store loads of money there.



That is a practical answer, without all the diatribe.

I don't think it would have been an issue except for the amounts he froze (or whatever).
 People don't forget those amounts and let it slide.

While I don't personally know him, I can't personally vouch for him.  It sounds like there might have been an exploit and he tried self help to resolve the issue.  If self help means he and friends get to keep the money, is where the issue lies.


Net Worth = 0.10    Hah, "Net" worth Smiley
ShadowOfHarbringer
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March 03, 2011, 01:01:53 AM
 #31

I think Jed is a good, honest administrator. He's eaten a lot of costs, even though he probably makes very little money from the site. However, I have never trusted the software or concept of MtGox, and I will never store loads of money there.

The only place i will ever store large number of Bitcoins are the encrypted hard drives of my built-from-source-Linux comp behind 2 firewalls, sandboxes & virtual machines.
I will not trust any exchanger or bank to keep my money for too long.

But merchants are useful for trading & mixing coins though.

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March 03, 2011, 01:03:44 AM
 #32

woah, so Jed is of the eDonkey fame? motherfucking hero. I remember that software being the centre piece of my life as a kid.
ShadowOfHarbringer
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March 03, 2011, 01:16:47 AM
 #33

woah, so Jed is of the eDonkey fame? motherfucking hero. I remember that software being the centre piece of my life as a kid.

Seriously ? I had no idea.
This is an awesome thing.

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March 03, 2011, 01:19:27 AM
 #34

The money was allegedly stolen from MtGox and MtGox accounts.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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March 03, 2011, 01:25:38 AM
 #35

Ive done a few transactions with mt gox with no problems and he is always responsive.

Its not mot gox I am worried about its the fear that bitcoin itself will be targeted and the exchanges will be the first target - egold is one example.

The trouble with legitimate businesses  is that  the state can play wedge politics by pitting tax paying ones against those who dont pay. Look for example at the current situation with amazon where they refuse to pay state sales taxes and in state companies are working with the government to make amazon pay the same when in reality its the government they should be blaming. So because amazon has a 10 per cent margin it creates envy and a bad incentive.
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March 03, 2011, 01:30:01 AM
 #36

Ive done a few transactions with mt gox with no problems and he is always responsive.

Its not mot gox I am worried about its the fear that bitcoin itself will be targeted and the exchanges will be the first target - egold is one example.

They tried to shut down P2P technologies (bittorrent) before and they failed.
If they start shutting down exchanges, we either move to other countries, or we will use web of trust - based exchanges.

P2P is the only thing that they cannot control at all (yet). It is like a hydra. When you cut one head, 3 new grow in its place.

Does anybody still doubt that we are witnessing an ongoing revolution thanks to the Internet ? Perhaps even the largest in the history of mankind.
We must not let Internet be harmed and controlled by governments, and we will be victorious.

I think that (in large part due to Bitcoin existence) free thinking & real, total personal freedom may rule the world soon.

Anonymous
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March 03, 2011, 01:44:56 AM
 #37

Ive done a few transactions with mt gox with no problems and he is always responsive.

Its not mot gox I am worried about its the fear that bitcoin itself will be targeted and the exchanges will be the first target - egold is one example.

They tried to shut down P2P technologies (bittorrent) before and they failed.
If they start shutting down exchanges, we either move to other countries, or we will use web of trust - based exchanges.

P2P is the only thing that they cannot control at all (yet). It is like a hydra. When you cut one head, 3 new grow in its place.

Does anybody still doubt that we are witnessing an ongoing revolution thanks to the Internet ? Perhaps even the largest in the history of mankind.
We must not let Internet be harmed and controlled by governments, and we will be victorious.

I think that (in large part due to Bitcoin existence) free thinking & real, total personal freedom may rule the world soon.

Im not worried about the protocol its the human factor which is vulnerable. Hopefully we can emerge through the fire without losing people.
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March 03, 2011, 04:16:23 AM
 #38

Despite having only transferred one test BTC in (and out) of mtgox, Jed has answered my emails from when I first heard about "that cryptocurrency thing" within 24 hours, despite my lack of jargon to use and the confusion that caused. I think there are some details that need to be worked out, but that's true with everything that is getting off the ground.

I'm excited to see where this goes, and I hope mtgox can stick around for the future.

Use my referral codes for Bitcoin faucets and I'll send you 25% of my referral bonus - Win/Win! PM for details on all sites available or use one of the links here.

FreeBitco.in | FreeDoge.co.in
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March 03, 2011, 05:54:46 PM
 #39


I would advise everybody to be VERY CAREFUL when discussing with wb3.
He registered just today, and many of his posts are in mtgox-related threads.

He is highly likely to be Baron's alter ego. If that is the case, he will be manipulating everybody to lower their trust in mtgox.


Witch! Witch! Burn the witch!

These are serious accusations in a community built on trust. I hope you have more to back that up than a half-assed hunch.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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March 03, 2011, 06:23:13 PM
 #40

Witch! Witch! Burn the witch!

These are serious accusations in a community built on trust. I hope you have more to back that up than a half-assed hunch.

+1
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