Its a buyers market. Gox delay and prices plummeting. Whose buying now?

[sgbett]

Why is simple incompetence always blown up into nefarious conspiracy theory. Can't people just write crap code anymore?

'Crap Code' that benefits certain parties immensely at everyone else's expense?

The reason that everyone jumps to nefarious conclusions us because most of the time in the real world, such events are accompanied by nefarious deeds...

Oh c'mon, the money was just



resting in my account!

My question, then, is whether you think Karpeles is an idiot, or an evil genius?

I'm as cynical as the next man about a lot of stuff. I'm putting this one down to circumstances though. It was a trading site for an online card game... I'm guessing the standard of code for that wasn't too high

I think he just got too deep too quick. I'm a coder I wouldn't relish having to suddenly learn everything about high performance n-tier architecture because traffic to my site was increasing exponentially, and the consequences of failure suddenly becoming millions of dollars. I think he panicked and hoped for the best. A lot.

I reckon they are just a bit crap. Some have greatness thrust upon them; Karpales fumbled it

Just my $0.02 though

[GigaCoin]

price on stamp has hovered around $666 for far too long, be careful!

[GigaCoin]

Yes there are many on BTC-e who has orders in $100-$300 range that never got filled in, it happened so fast that i think only a limited amount of people actually got to buy it at those prices before it shot up to $500+

If someone had orders at $200 that went unfulfilled, then there is no good reason at all why the price should go below this. The fact that it did, proves that these trading platforms (BTC-e and Bitfinex) are hooky, with front running facilities clearly being provided to selected parties.

True.

and indeed it didn't execute many orders at that price level, i was having a discussion earlier with some traders whom i know confirmed the same.

[geri]

I'm buying, more than I should, but not on Mt. Gox, I love myself too much to do that.

[MatTheCat]

My question, then, is whether you think Karpeles is an idiot, or an evil genius?

I'm as cynical as the next man about a lot of stuff. I'm putting this one down to circumstances though. It was a trading site for an online card game... I'm guessing the standard of code for that wasn't too high

I think he just got too deep too quick. I'm a coder I wouldn't relish having to suddenly learn everything about high performance n-tier architecture because traffic to my site was increasing exponentially, and the consequences of failure suddenly becoming millions of dollars. I think he panicked and hoped for the best. A lot.

I reckon they are just a bit crap. Some have greatness thrust upon them; Karpales fumbled it

Just my $0.02 though

Way in over his head, liar, opportunistic thief, and in that order.