Mt.Gox SCAM? $38million disappeared. Large sums affected.

[bryant.coleman]

BTC now $759 in Mt Gox, and $736 in Bitstamp....

[tvbcof]

BTC now $759 in Mt Gox, and $736 in Bitstamp....

I'd expect a massive dump if/when Mt. Gox finally starts delivering BTC.

I'll bet that a lot of people already had the money spent in their minds.  When Mt. Lox locked it up, I'll bet that a great many of them suddenly realized how at-risk and 'virtual' their winnings actually are and decided to cash out some when they got a chance.  They'll do so in a panic.

(ya, ya...belongs on speculation...I know...)

[disclaimer201]

Everything is looking so scammish lately, even projects that seem so legit. Cryptsy, scharmbeck, now gox. Seriously this kind of shit will kill crypto.

That's a little bit pessimistic. Most alt coins are pretty much scam land already. Crypsty hasn't scammed people to my knowledge, just a lot of problems with that website (remember when you could withdraw 10 btc or whatever that you didn't even have?). Gox never scammed people, their website just has some technical problems sometimes.

yes, Karpeles has never stolen from anyone.

in fact, he's covered ppl's losses from his own funds when he was responsible for destroyed coins from his coding errors.  he's always fixed the problems and security has been impeccable since 2011.

he'll get this one fixed too.

Don't forget tens of thousands of coins held hostage from the bitcoinica debacle and even resisting to make them available to a court appointed liquidator? I still hope Gox will be sued for this by the liquidators and big investors' funds. In my view Karpeles is a crook.

[gollum]

The rats are leaving the sinking bitcoin ship & the unreliable MtGox...
After all bitcoin is just a ponzi scheme, you profit as long as there are greater fools who buy your coins at a higher dollar-price.

From an idealist point of view a coin should be free and instead the coin should gain it's value as an IOU for the delivery of goods or services, for example gold.

[QuestionAuthority]

Has anyone thought about maybe Mark K is simply taking a vacation? I hear he's been trying to visit this pretty beach for some time now.



Da Da Dum Dum Dum - Another One Bites The Dust

[daserpent1]

New press release from gox https://www.mtgox.com/press_release_20140207.html

[Domich]

Sent with MtGox btc, none came, in blockchain can not see them, it took 9:00 that might be?

Used a translator

[tvbcof]

Has anyone thought about maybe Mark K is simply taking a vacation? I hear he's been trying to visit this pretty beach for some time now.



Da Da Dum Dum Dum - Another One Bites The Dust

Water skiing, surf boarding, oh boy what fun!

[disclaimer201]

The rats are leaving the sinking bitcoin ship & the unreliable MtGox...
After all bitcoin is just a ponzi scheme, you profit as long as there are greater fools who buy your coins at a higher dollar-price.

From an idealist point of view a coin should be free and instead the coin should gain it's value as an IOU for the delivery of goods or services, for example gold.

Wrong.. Bitcoin has nothing to do with Ponzis whatsoever. Read up on Ponzis and don't stop at the wikipedia headline. MtGox however could be much more similar to what you are talking about if accusations would prove to be true. Still wouldn't count as Ponzi though. But if they took traders' deposits to pay out withdrawals or traded on their own account (as a bank was doing in the mid 90s, true story - see the movie rogue trader with Ewan McGregor) and artifically helped to push up the bitcoin price, yeah it's close to a Ponzi.

None of this has to do with Bitcoin as such though. There are now lots of other big exchanges and if Gox should go away, Bitcoin will continue to prosper.

[QuestionAuthority]

New press release from gox https://www.mtgox.com/press_release_20140207.html

You got the address wrong. Here is the correct one. http://tinyurl.com/MtCocks

[Bit_Happy]

They are a Gold Member of the Bitcoin Foundation, how come people do not trust them?   

[cottoneyeJoe]

New press release from gox https://www.mtgox.com/press_release_20140207.html

Wait...what? I thought php could do anything? At least that's what Mark said once upon a time. Maybe they finally turned on their LTC support and it borked their homebrew BTC client?

Shocking incompetence but really just another in a long line of cock ups.

[disclaimer201]

They are a Gold Member of the Bitcoin Foundation, how come people do not trust them?  

Lol. Exactly.   Trust this guy! Gives great speeches for the BBC on behalf of Bitcoin. NOT https://bitcointalk.org/index.php?topic=451635.msg4989635#msg4989635

Also leaks sourcecodes for huge shorting platforms since 2012.

[User705]

How long is MtGox going to be a scab on the face of Bitcoin?

Stop using MtGox people. That was obvious in 2011...

for the truth.


use btc-e or bitsimple

why use gox? wtf?

Who's bitsimple?

[User705]

How long is MtGox going to be a scab on the face of Bitcoin?

Stop using MtGox people. That was obvious in 2011...

for the truth.


use btc-e or bitsimple

why use gox? wtf?

Who's bitsimple?

bitsimple.com they dont scam

used to be fastcash4bitcoin.com but that was before your time.

I think I saw tangible cryptography somewhere before.  US based scary a bit but I'll check em out.  Thanks.

[smoothie]

Dear MtGox Customers,

During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to get a better look at the process the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary to temporarily pause all withdrawal traffic to obtain a clear technical view of the current processes.

We apologize for the extremely short notice, but as of now all bitcoin withdrawals will be paused, and withdrawals in the queue will returned to your MtGox wallet and can be re-intiated once the issue is resolved. Customers can still use the trading platform as usual.

Our team will be working hard through the weekend and will provide an update on Monday, February 10, 2014 (JST).

Again, we apologize for the inconvenience, and ask for your continued patience and support while we work to resolve this issue.

Best regards,

The MtGox Team

As usual? lol

I guess in that sense they are consistently incompetent in keeping their customers unable to utilitze their "system's" functionality to its fullest.

1. Can't get fiat out in any meaningful way - CHECK

2. Can't get Bitcoin out in any meaningful way - CHECK

3. You can still buy and sell bitcoins using MTGOXUSD (and other fiat) and pay them trading fees - CHECK

4. All is well - CHECK

[User705]

How long is MtGox going to be a scab on the face of Bitcoin?

Stop using MtGox people. That was obvious in 2011...

for the truth.


use btc-e or bitsimple

why use gox? wtf?

Who's bitsimple?

bitsimple.com they dont scam

used to be fastcash4bitcoin.com but that was before your time.

I think I saw tangible cryptography somewhere before.  US based scary a bit but I'll check em out.  Thanks.

bitsimple.com is registed with the us govt, btc-e is registerd with the russian mob.

either one is good.

better than gox, lol

Damn now there you go making the decision harder.  Russian mob vs US govt.  Better flip a coin just to be on the safe side.

[bryant.coleman]

use btc-e or bitsimple

why use gox? wtf?

People use Mt Gox because the owners are known to everyone... unlike the BTC-E.

[smoothie]

Dear MtGox Customers,

During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to get a better look at the process the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary to temporarily pause all withdrawal traffic to obtain a clear technical view of the current processes.

We apologize for the extremely short notice, but as of now all bitcoin withdrawals will be paused, and withdrawals in the queue will returned to your MtGox wallet and can be re-intiated once the issue is resolved. Customers can still use the trading platform as usual.

Our team will be working hard through the weekend and will provide an update on Monday, February 10, 2014 (JST).

Again, we apologize for the inconvenience, and ask for your continued patience and support while we work to resolve this issue.

Best regards,

The MtGox Team

As usual? lol

I guess in that sense they are consistently incompetent in keeping their customers able to utilitze their "system's" functionality to its fullest.

i should call up mark and ask him when he is going to add litecoin.

Do ya really want to add a cancer like MTGOX to Litecoin's rep? I would think not.

But I know you are kidding. lol

[smoothie]

use btc-e or bitsimple

why use gox? wtf?

People use Mt Gox because the owners are known to everyone... unlike the BTC-E.

I guess they also use MTGOX because they will accept your USD wire but claim they can't send out USD wires in any meaningful timeframe right?

Functionality is 100% there...nothing to see here