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Author Topic: New Bitcoin Exchange (mtgox.com)  (Read 25017 times)
kiba
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August 20, 2010, 05:14:20 PM
 #81

So, mtgox, are you're going to implement some of us' ideas? Which one are you going to implement in the future?

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jgarzik
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August 20, 2010, 06:57:24 PM
 #82


I think charging per-trade would be reasonable.  Most other markets have some sort of per-transaction charge.


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TTBit
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August 21, 2010, 01:14:59 PM
 #83

I'm basically shocked at how well this exchange is doing. Here it is, not even a month old, and the market is already tighter than 0.0005 with thousands up on each side. You have a great product here.

I hope you can make money from a source other than charging per transaction. I'm trying to keep bids & offers out there on both sides.

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August 21, 2010, 01:31:47 PM
 #84

I'm basically shocked at how well this exchange is doing. Here it is, not even a month old, and the market is already tighter than 0.0005 with thousands up on each side. You have a great product here.

I hope you can make money from a source other than charging per transaction. I'm trying to keep bids & offers out there on both sides.

Agreed, It's pretty much kickass awesome.

I donate whenever i have to cycle through PayPal. I must hit over 100 pages a day though, ads should be worth something over there. Not that I want to see ads, maybe I'd pay to get them taken off. Unless they were varied, useful bitcoin related ads.

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ribuck
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August 21, 2010, 02:14:23 PM
 #85

MtGox does seem to be working very well. I see they are listing over BTC 27000 as "asks". Therefore MtGox holds over 0.72% of all BTC generated so far, which is pretty impressive. At BTC1=$0.065 that's a nominal value of $1761 held by MtGox in bitcoins.

Actually the figure must be even higher, because the list doesn't show "asks" over $0.10, and I know there are some of those.

There must also be quite a sum held as dollars, of the order of $600 according to my very rough calculations. Maybe there's a possibility to pay the running costs of the site by earning some interest from this money?

Now might be a good time for MtGox to answer some of these questions:

1. What happens if PayPal reverses some payments in or payments out?
2. What happens if the operator of MtGox dies (or is kidnapped or imprisoned or whatever)?
3. What happens if someone hacks the website and finds a way to send themselves everyone's BTC balances?

Of course there is risk everywhere in life, and I don't imagine that it can be eliminated, but I would like to understand where the main risks lie.
mtgox
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August 21, 2010, 02:29:06 PM
 #86

Thanks for the support guys.

So, mtgox, are you're going to implement some of us' ideas? Which one are you going to implement in the future?
I'm actually right in the middle of moving so it will be a couple weeks before there are any big updates to the site.

> 1. What happens if PayPal reverses some payments in or payments out?
This has happened once now. I'm just eating the charge which sucks so please, please don't do this.

> 2. What happens if the operator of MtGox dies (or is kidnapped or imprisoned or whatever)?
The site will still be up so you can just withdraw your funds. Or just keep trading...

> 3. What happens if someone hacks the website and finds a way to send themselves everyone's BTC balances?
Not sure. If it is a bug in bitcoind you will probably have to take it up with satoshi :)

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August 21, 2010, 02:40:08 PM
 #87

Thanks for the support guys.

So, mtgox, are you're going to implement some of us' ideas? Which one are you going to implement in the future?
I'm actually right in the middle of moving so it will be a couple weeks before there are any big updates to the site.

> 1. What happens if PayPal reverses some payments in or payments out?
This has happened once now. I'm just eating the charge which sucks so please, please don't do this.

> 2. What happens if the operator of MtGox dies (or is kidnapped or imprisoned or whatever)?
The site will still be up so you can just withdraw your funds. Or just keep trading...

> 3. What happens if someone hacks the website and finds a way to send themselves everyone's BTC balances?
Not sure. If it is a bug in bitcoind you will probably have to take it up with satoshi Smiley

Thanks for you excellent site.Paypal are douchebags. Smiley
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August 21, 2010, 02:42:50 PM
 #88


> 1. What happens if PayPal reverses some payments in or payments out?
This has happened once now. I'm just eating the charge which sucks so please, please don't do this.


How much you stuck? I want to help.

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llama
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August 22, 2010, 12:09:05 PM
 #89

You should open source the market.  Maybe.

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August 22, 2010, 12:51:02 PM
 #90

You should open source the market.  Maybe.

It is a nice market. I definitely think he needs rewarded though. Maybe a bounty/gift to set the code free? If he's interested.

23k BTC traded in the last 24hrs!

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August 22, 2010, 10:32:20 PM
 #91

Quote from: Anonymous link=topic=444.msg10598#msg10598

Thanks for you excellent site.Paypal are douchebags. Smiley
[/quote


Paypal isn't the problem, it's all the douchbags on the Internet that do this crap just to turn a buck; or even just fail to do their due diligence as an informed consumer, because they know that Paypal will work it out for them.  It's the slippery slope of 'nannyism' applied to 'let the buyer beware'.  It's this very reason that Paypal has to charge as much as they do *even though* no credit has been extended, nor debt incurred as a result of the transaction.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
fresno
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August 23, 2010, 12:48:47 AM
 #92

Quote from: Anonymous link=topic=444.msg10598#msg10598

Thanks for you excellent site.Paypal are douchebags. Smiley
[/quote

Paypal isn't the problem, it's all the douchbags on the Internet that do this crap just to turn a buck; or even just fail to do their due diligence as an informed consumer, because they know that Paypal will work it out for them.  It's the slippery slope of 'nannyism' applied to 'let the buyer beware'.  It's this very reason that Paypal has to charge as much as they do *even though* no credit has been extended, nor debt incurred as a result of the transaction.

PayPal IS a problem. You can't use eBay any more without going thru PayPal. They've shut down several of my trades and my main account because they don't like the valid credit card that I use. And everything now must be done by credit card, so they can report your transactions.

I sure hope Meg Whitman doesn't become the new Governator of California. That state has enough problems without being run by the same management as PayPal.

PayPal sucks.

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November 20, 2013, 10:21:28 PM
 #93

I see:
Current Lowest Buy Price   0.1224
Current Highest Sell Price   0.05882

Meaning someone out there is wanting to sell BTC for 0.1224
And someone else is wanting to buy them for 0.05882

so if your buy price is below 0.05882 it wont show up until all the ones are sold at the better price. (better from the perspective of the seller)


BTC for 0.1224  I'm in  Grin
calian
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November 26, 2013, 10:28:20 PM
 #94

Hi Everyone,
I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com



Bumping this thread shows just how fast time moves in bitcoin land. It's unbelievable really. Here we are today on November 26, 2013 and mtgox is at $960 per coin.
tacoman71
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November 28, 2013, 03:37:31 AM
 #95

Hi Everyone,
I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com



Bumping this thread shows just how fast time moves in bitcoin land. It's unbelievable really. Here we are today on November 26, 2013 and mtgox is at $960 per coin.
Ah the good old days.

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zackron
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November 29, 2013, 04:00:30 AM
 #96

Hi Everyone,
I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com



Bumping this thread shows just how fast time moves in bitcoin land. It's unbelievable really. Here we are today on November 26, 2013 and mtgox is at $960 per coin.
Ah the good old days.

mtgox was once a great site.  it's a real shame how they have fallen to being second rate scam artists.  I'm still waiting for them to send me my USD withdraw that I requested four months ago, and they keep feeding me the same line of BS, that they are having to manually handle withdraws as they look for new 'partners'.   but I guess the line works for them, they keep getting people to send them money and are able to keep the people trying to withdraw money quiet.
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November 30, 2013, 10:19:01 PM
 #97

All you money on mtgox and btc-e is lost. You will never see a single penny of it. The goverment controls it.
You should cash out while you can, soon the sites will close and everything will be lost.

I have a way to cash out small amounts of bitcoins to usd above its current value. Pm me for more info.

reb0rn21
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November 30, 2013, 11:14:55 PM
 #98

All you money on mtgox and btc-e is lost. You will never see a single penny of it. The goverment controls it.
You should cash out while you can, soon the sites will close and everything will be lost.

I have a way to cash out small amounts of bitcoins to usd above its current value. Pm me for more info.

You are a SCAMMER!

So please just STFU

... PLAY SHARE EARN...
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November 30, 2013, 11:23:54 PM
 #99

All you money on mtgox and btc-e is lost. You will never see a single penny of it. The goverment controls it.
You should cash out while you can, soon the sites will close and everything will be lost.

I have a way to cash out small amounts of bitcoins to usd above its current value. Pm me for more info.

You are a SCAMMER!

So please just STFU

you got to love the scammers, don't yeah?  problem is lots of people fall for it *frown*.... "Yeah sure, I have a way to get you usd above mtgox prices, just send me your bit coins and your bank account information, and I'll send the money right over...".....  but then again, what room do I have to talk? I fell for the whole "mt gox is one of the largest exchanges of BTC on the net, so sure it's safe to try to withdraw money from.".
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February 10, 2014, 03:49:30 AM
 #100

All you money on mtgox and btc-e is lost. You will never see a single penny of it. The goverment controls it.
You should cash out while you can, soon the sites will close and everything will be lost.

I have a way to cash out small amounts of bitcoins to usd above its current value. Pm me for more info.

The original thread is enjoyable and interesting, the newer posts are tainted by people like you, or let's make that you.   Cheesy

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