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Author Topic: Bitstampt suspend Bitcoin withdrawals  (Read 2485 times)
minerpart
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February 11, 2014, 07:16:56 PM
 #21


can someone explain to me, does this mean MtGox arent full of shit? ..... but hold on havent BTC-e already sorted the problem?

Gox are full of shit as this problem has been known by the industry for 2 years and they made out like they discovered a 'bug'. It's not a bug it's an exploitable aspect of transaction tagging.

Now that the wider hacker community have heard about it they are having a laugh with the BTC Network. They could have had this laugh at any point in the last 2 years but they weren't aware of the details.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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david_lebrand
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February 11, 2014, 07:21:36 PM
 #22


can someone explain to me, does this mean MtGox arent full of shit? ..... but hold on havent BTC-e already sorted the problem?

Gox are full of shit as this problem has been known by the industry for 2 years and they made out like they discovered a 'bug'. It's not a bug it's an exploitable aspect of transaction tagging.

Now that the wider hacker community have heard about it they are having a laugh with the BTC Network. They could have had this laugh at any point in the last 2 years but they weren't aware of the details.
remember Chinese exchange Okcoin also announced a system upgrade few hours ago. It's no surprise to me that no one would like to admit their fault, neither Mtgox/Bitstamp nor Bitcoin core dev team
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February 11, 2014, 11:33:33 PM
 #23

interesting how everything coincides. I think some insiders construct the last dip to load up on rockbottom before the moonrocket. I will use the time to get some other things done until this circus is resolved and everything is back to normal and 950$ by the weekend Wink
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February 11, 2014, 11:40:20 PM
 #24

all i know is i'm putting some $200 limit orders this weekend
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February 12, 2014, 12:02:33 AM
 #25

If i would own such exchange i would pretent to have problems and suspend withdraws to buy up bitcoins cheap and announce end of problems immidiatly after it Wink

BTW why bitcoin community can't code an open source bitcoin exchange engine? It would let people create more exchanges and by law of selection some would become successfull and more people would be interested in solving such technical problems because it would hit bitcoin valuation...

Seriously!  

We have so many skilled profesionals here who can do it. They also own bitcoins so it is in interest of all to prevent such stupid events to happen. Bitcoin family! Yes, we can't? Cheesy

P.S. I'm happy that so many problems happened at once... when bitcoin will recover there will be less bad info to affect it later Wink

BTW have you heard about Singapore's laws for bitcoin? It is accepted there. I hope someone legit will start selling physical gold for it. This would be huge event and game changer Wink

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February 12, 2014, 12:05:33 AM
 #26

If i would own such exchange i would pretent to have problems and suspend withdraws to buy up bitcoins cheap and announce end of problems immidiatly after it Wink

BTW why bitcoin community can't code an open source bitcoin exchange engine? It would let people create more exchanges and by law of selection some would become successfull and more people would be interested in solving such technical problems because it would hit bitcoin valuation...

Seriously! 

We have so many skilled profesionals here who can do it. They also own bitcoins so it is in interest of all to prevent such stupid events to happen. Bitcoin family! Yes, we can't? Cheesy

Because 99% of the people are not ready to put their asses on the line for btc

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February 12, 2014, 12:07:09 AM
 #27

I thought we are here that special 1% part of humanity! Cheesy
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February 12, 2014, 12:12:43 AM
 #28

The 'sheep' part of the population gets affected by this, even though they clearly said (and we are expecting) a fix before the weekend. Why would there be any reason to panic, consider it a smaller delay in the withdrawal.
Oh well, cheaper coins incoming.

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BTCisthefuture
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February 12, 2014, 12:16:51 AM
 #29

Should be resolved within a few days , I'm not too worried about it. Good time to buy coins in the meantime.

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