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Author Topic: Mtgox is changing owners  (Read 19476 times)
BioMike
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March 16, 2011, 10:08:19 PM
 #21

He might be restricted online due to the power quotas.
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March 16, 2011, 10:12:11 PM
 #22

In any case, Mtgox trading is very lame and prices are falling, potentially at least for another test of 0.8 $

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March 16, 2011, 10:26:15 PM
 #23

In any case, Mtgox trading is very lame and prices are falling, potentially at least for another test of 0.8 $

You know what, for what it's worth, I would leave money in MtGox if I weren't afraid of losing it there (getting shutdown, hackers, whatever).  That fear (to the extent of hackers) developed the moment I saw my MtGox password in my URL bar and discovered that the password change feature meant anyone who could read my e-mail could get into my account anytime, then heard about dictionary attacks and exploits of LRUSD.  While Jed has been highly responsive to me, I can't shake the feeling that the place is just that secure and that proper controls are in place.  Jed is a great guy, but he's only one guy, and (based on the litte things I mentioned) I can't assume he is experienced in being seriously attacked by financially motivated people.  I know I'm not, that's why my BTC stays offline.

If I had money in MtGox I would be helping to stabilize the buy side.  It can't be just me thinking this way.

I feel that if BTC were to drop a bunch, I'd wire something to MtGox and make a nice buy and then try to withdraw it quickly and stash it in an offline wallet.  Maybe others would too.  If it drops below 0.80, I doubt it'll stay there for long.  If my faith meter in MtGox were much higher, the money would already be there in the form of outstanding buy orders.

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March 16, 2011, 11:09:08 PM
 #24

In any case, Mtgox trading is very lame and prices are falling, potentially at least for another test of 0.8 $

You know what, for what it's worth, I would leave money in MtGox if I weren't afraid of losing it there (getting shutdown, hackers, whatever).  That fear (to the extent of hackers) developed the moment I saw my MtGox password in my URL bar and discovered that the password change feature meant anyone who could read my e-mail could get into my account anytime, then heard about dictionary attacks and exploits of LRUSD.  While Jed has been highly responsive to me, I can't shake the feeling that the place is just that secure and that proper controls are in place.  Jed is a great guy, but he's only one guy, and (based on the litte things I mentioned) I can't assume he is experienced in being seriously attacked by financially motivated people.  I know I'm not, that's why my BTC stays offline.

If I had money in MtGox I would be helping to stabilize the buy side.  It can't be just me thinking this way.

I feel that if BTC were to drop a bunch, I'd wire something to MtGox and make a nice buy and then try to withdraw it quickly and stash it in an offline wallet.  Maybe others would too.  If it drops below 0.80, I doubt it'll stay there for long.  If my faith meter in MtGox were much higher, the money would already be there in the form of outstanding buy orders.

basically we need a much more secure exchange.  We also need multiple exchanges to compete on features and provide more liquidty/access to the market.  I have been espousing BTC to financial types but they will require a much more secure trading platform.  Maybe magicaltux can do it.  Otherwise we'll have to count on open source community to invent something that a lot of people can run. 

https://bitcoinusa.com/ is not it but a good sign of things to come.   

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February 26, 2014, 01:24:05 AM
 #25

positive changes indeed.

Hello Everyone
I created mtgox on a lark after reading about bitcoins last summer. It has been interesting and fun to do. I’m still very confident that bitcoins have a bright future. But to really make mtgox what it has the potential to be would require more time than I have right now. So I’ve decided to pass the torch to someone better able to take the site to the next level.
MagicalTux has already contributed a lot to the bitcoin community and in many ways he will be better at running the site than I was. He has much more experience with web programming, system administration and integrating with banks and other payment processors than I do.

Everything will still work the same as always for the time being. But expect a lot of positive changes after he takes over including:
Automatic (and free) funding from Euro accounts.
Automatic ACH deposit and withdrawal.
Margin trading.
Interface redesign.
Lifting the $1000 a day withdrawal limit.

Thanks to everyone that has supported mtgox so far. Can’t wait to see BTC hit $10!

I can still be reached on the forum as "jed" or through fivegrinder.com

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March 05, 2014, 09:36:39 PM
 #26

Hello Everyone
I created mtgox on a lark after reading about bitcoins last summer. It has been interesting and fun to do. I’m still very confident that bitcoins have a bright future. But to really make mtgox what it has the potential to be would require more time than I have right now. So I’ve decided to pass the torch to someone better able to take the site to the next level.
MagicalTux has already contributed a lot to the bitcoin community and in many ways he will be better at running the site than I was. He has much more experience with web programming, system administration and integrating with banks and other payment processors than I do.

Everything will still work the same as always for the time being. But expect a lot of positive changes after he takes over including:
Automatic (and free) funding from Euro accounts.
Automatic ACH deposit and withdrawal.
Margin trading.
Interface redesign.
Lifting the $1000 a day withdrawal limit.

Thanks to everyone that has supported mtgox so far. Can’t wait to see BTC hit $10!

I can still be reached on the forum as "jed" or through fivegrinder.com

This post was created at 9:36:39 AM on a Sunday, local time in Japan.

Mt Gox's Twitter account was created on March 3, 2011: http://twopcharts.com/tweets/mtgox
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March 06, 2014, 03:02:33 PM
 #27

3 year old post guys!

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March 07, 2014, 11:38:33 AM
 #28

Man this post shouldn be deleted so that people wont have they hopes up.

Ah 3 years, man so many stuff has changed since then. For sure they are no longer so chatty to talk about they plans Wink

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March 07, 2014, 11:50:53 PM
 #29

I saw the title and I was like probably another theorist or another poor pump and dump attempt, then I started reading the OP post and just when I got to the word in the first sentence under the post date I saw that the thread/post is from 2011 how the hell can someone bump a thread this old without even noticing the date. lol!

But anyway RIP MT.Gox 2011-2014 you've goxed many people, and please don't come back and rise like a pheonix or rather use a revive magic card.....
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March 08, 2014, 12:01:45 AM
 #30

It's sad how, because of their actions, the term "goxxed" is a bad thing and how Mark K has ruined his reputation in the cryptocurrency community.  Nobody will trust that guy with their money again...  Especially when it's also been shown by a french news agency that Mark was accused of computer fraud back in France.  He mentions it in his own block post from February 2002: http://blog.magicaltux.net/2006/02/12/pensees-nocturnes/

Quote
Indeed, during my misspent youth, I made a huge, huge mistake. Enough silliness that I found myself locked into custody and brought temporarily placed in the "mousetrap" (souricière: possibly "n.f. (pol.): 'Baited trap' laid by the forces of law-and-order."). This was followed by an investigation of more than a year, which eventually ended in a trial.

I will not give too much detail about what I did wrong, just say it concerns payment systems on the Internet. I spent two years taking risks becoming larger, perhaps because it was an exciting side … whatever, I ended up getting arrested (in rather bizarre circumstances, noting that when I was arrested, I was just in a police station to file a complaint for something else). Anyway, I was released four days later and placed under "judicial review". Basically I did not have the right to leave France and I had to go regularly to the courthouse to speak to someone who was going to see if I lived in "the right way".

...

In the end, the trial was not concluded too bad for me (3 months suspended sentence disappearing after 5 years, and nothing in the criminal record).

 Embarrassed

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March 08, 2014, 12:24:28 AM
 #31

It's sad how, because of their actions, the term "goxxed" is a bad thing and how Mark K has ruined his reputation in the cryptocurrency community.  Nobody will trust that guy with their money again...  Especially when it's also been shown by a french news agency that Mark was accused of computer fraud back in France.  He mentions it in his own block post from February 2002: http://blog.magicaltux.net/2006/02/12/pensees-nocturnes/



That was a long read, you sure it's him? and if that the case, he does really have some psychological issues....
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March 09, 2014, 11:28:50 PM
 #32


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April 13, 2014, 11:00:39 AM
 #33

believe the new owner is in japan if he's the same guy running kalyhost

which is not good considering epic disaster

called it!!

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April 19, 2014, 04:22:38 PM
 #34

So Mt. Gox is changing hand again Wink

This time from MK to new group of investors led by an ex-JPM

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April 21, 2014, 01:12:26 AM
 #35

So Mt. Gox is changing hand again Wink

This time from MK to new group of investors led by an ex-JPM
its an old thread Wink   when gox purchased by MK

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April 21, 2014, 10:56:48 AM
 #36

So Mt. Gox is changing hand again Wink

This time from MK to new group of investors led by an ex-JPM
its an old thread Wink   when gox purchased by MK

Yup ...I know ...u probably missed the inner meaning of what I said.

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April 21, 2014, 05:26:57 PM
 #37

So Mt. Gox is changing hand again Wink

This time from MK to new group of investors led by an ex-JPM
its an old thread Wink   when gox purchased by MK

Yup ...I know ...u probably missed the inner meaning of what I said.
yeh got that Cheesy read  fast and missed that lol

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April 21, 2014, 09:32:01 PM
 #38

So Mt. Gox is changing hand again Wink

This time from MK to new group of investors led by an ex-JPM

if new investors show up then the people who lost their bitcoins at mtgox may get at least some partial returns!

Crypto world is on the way to eruption.
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April 21, 2014, 10:46:02 PM
 #39

Mark is such a piece of shit.

He also was contracted to develop a website for a guy in 2010.  He never did any of the work, but did take all of the guy's money (thousands of Euros). Which also fucked up the guy's business since it got delayed so long.

I wouldn't be surprised if Mark himself just plain stole everyone's money.

http://www.cryptocoinsnews.com/news/exclusive-tibanne-co-ltd-sentenced-2013-mark-karpeless-lies-new/2014/03/03

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