2014-02-14 BREAKING: Mark Karpeles posts to say MtGox is implementing a solution

[Barek]

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

Mark Karpeles just posted on GitHub at approximately midnight EST. Here’s the full quote:

Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.

We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.

We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn’t be very productive.

If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future.

And here’s a link to the full thread on GitHub.
https://github.com/bitcoin/bitcoin/pull/3656#issuecomment-35055553

[seriouscoin]

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

Mark Karpeles just posted on GitHub at approximately midnight EST. Here’s the full quote:

Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.

We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.

We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn’t be very productive.

If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future.

And here’s a link to the full thread on GitHub.
https://github.com/bitcoin/bitcoin/pull/3656#issuecomment-35055553

Great.... Mark is hacking thro a fix .... again  until it blows up. is he actually gonna test on his exchange? How many failed attempts we need to make him stop facking around and refund ppl's money?

[spartagates]

Still trying to tease over ltc, afraid that's not gonna save the stampede to leave gox now buddy....

[Cloud-Dice.com]

Good news. I hope to open again because i have 50 btc on mtgox

[bitlancr]

Is this the death of Gox? Price is almost down to 50% of other exchanges...

[naitwit]

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/

Mark Karpeles just posted on GitHub at approximately midnight EST. Here’s the full quote:

Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.

We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.

We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn’t be very productive.

If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future.

And here’s a link to the full thread on GitHub.
https://github.com/bitcoin/bitcoin/pull/3656#issuecomment-35055553

Something has happened at least. They now send an email when I log in.

[yatsey87]

Is this the death of Gox? Price is almost down to 50% of other exchanges...

Who would actually use this exchange now? Can peeps get coins out yet?

[btbrae]

MUST WATCH: Account Holder Flies To Japan And Confronts MtGox CEO https://bitcointalk.org/index.php?topic=465071.0

So why don't they just send the guy his bitcoins, he's stood out in the snow for goodness sake. He probably has ID with him, the guy he confronted just wasn't interested in helping him at all. This is looking bad.

[LiteCoinGuy]

Still trying to tease over ltc, afraid that's not gonna save the stampede to leave gox now buddy....

little late yes. i exspected to see Litecoin there in 2014 but with all the trouble its hard to say now.

[TraderTimm]

Gox is dead, Mark just doesn't know it yet.

His trust rating is through the floor.

[yatsey87]

Gox is dead, Mark just doesn't know it yet.

I'm sure he already does know. I can't see how he can pull his business back from this. Why would people go back to gox once they've got their money out of there?

[DeathAndTaxes]

Gox is dead, Mark just doesn't know it yet.

I'm sure he already does know. I can't see how he can pull his business back from this. Why would people go back to gox once they've got their money out of there?

Why do people still buy preorder rigs from BFL?

[superduh]

gox is still the oldest exchange that's STILL AROUND! that's a big feat all the naysayers..
maybe you should have traded with the other exchanges that closed up shop and disappeared or actually got hacked to death

[guybrushthreepwood]

gox is still the oldest exchange that's STILL AROUND! that's a big feat all the naysayers..
maybe you should have traded with the other exchanges that closed up shop and disappeared or actually got hacked to death

The phrases 'a sinking ship' or 'a dying giant' come to mind.

[zeetubes]

This situation is not so different from Cyprus and their bail in. Friday night people have money in the bank; Monday morning they can't access their funds. And later in the week they find out they will be taking an involuntary haircut in order to help out the bankers who caused the problem in the first place. But thankfully the important elites were given advance notice so they could withdraw ahead of time and not have to share the pain with the great unwashed.

I'm sure Mark didn't have any issues transferring his own funds out (and it would be interesting to know how many insiders did the same thing). Maybe he should go buy a nail gun.

[superduh]

This situation is not so different from Cyprus and their bail in. Friday night people have money in the bank; Monday morning they can't access their funds. And later in the week they find out they will be taking an involuntary haircut in order to help out the bankers who caused the problem in the first place. But thankfully the important elites were given advance notice so they could withdraw ahead of time and not have to share the pain with the great unwashed.

I'm sure Mark didn't have any issues transferring his own funds out (and it would be interesting to know how many insiders did the same thing). Maybe he should go buy a nail gun.

are you an orcale or just like spreading FUD 

[zeetubes]

are you an orcale or just like spreading FUD 
[/quote]

Not wise enough to be an oracle sadly. I certainly don't want gox to go under as a couple of my friends have coins in there. Incompetence I can understand - relate to even. But premeditated bs like this pisses me off as much as any banker could. I don't need to be spreading any more FUD than already exists. It was one thing for someone to deliberately chop the market off at its knees. But knowing what effect it would have on the reputation of the overall market makes it unforgivable.

[el_rlee]

we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update

People be aware! You might not be able to send your Bitcoins to Mt.Gox for selling them there!
How will the community survive this timespan?

[cdog]

http://theblogchain.com/2014/02/14/breaking-mark-karpeles-posts-to-say-mtgox-is-implementing-a-solution/
and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.

All aboard spaceship LTC!!! Last chance for cheap coins before takeoff!