Petition chart services to remove Gox

[nyanstu]

Just an idea at this stage.

Gox is still affecting the market. Why? Because people are watching the charts.

If Gox won't do the decent thing and stop everything including trading in order to prepare a definitive and honest announcement on their situation, then they should be cut out of the market by force as much as possible. Why let them do their best to drag Bitcoin down with them? This has to stop.

People with funds on Gox, would you prefer them to freeze everything or just keep rolling as they are now?

If you think the petition idea is stupid please let me know why. Otherwise who would support a petition sent to Bitcoin wisdom, Clark Moody. Bitcoincharts, etc. ?

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[nyanstu]

No ideas?

We are watching a company fail in real time, but the wider world may have a hard time differentiating between Gox and Bitcoin itself.

[Lohoris]

If you think the petition idea is stupid please let me know why. Otherwise who would support a petition sent to Bitcoin wisdom, Clark Moody. Bitcoincharts, etc. ?

Isn't bitcoincharts (partially?) owned by mtgox itself?
http://whois.net/whois/bitcoincharts.com

[bitcon]

little late.  damage is done

[Cluster2k]

Damage has been done.  Main stream media have picked up on the 'bitcoin is crashing' theme.  Trying to hide MtGox would just be icing on the cake.

[fonzie]

MtGox actually saved Bitcoind by dicovering the Bitcoin bug. Be thankful!

[nyanstu]

The data coming out of Gox now only reflects a company going bust.

It's the kind of thing you might be looking at if you were working on a company going into administration.

It is no longer in any way linked to the price of Bitcoin.

Looking at Gox on the charts you are really watching a company failing. But the charts are meant to show data for the Bitcoin market, not the Gox market.

[joehal]

If people wanna be stupid and sell their btc with 1 dollar, why should we do something to force them to stop ?

[Armis]

If people wanna be stupid and sell their btc with 1 dollar, why should we do something to force them to stop ?

because it's hard enough to get people involved with something as complex at bitcoin, if you remove the simple to understand see-price-up, then the price goes down for everyone

A low price is only good before it goes back up.   

But even a low price is too high if the only direction it is traveling is down -- btc low $220 at Mt.Gox, if I had any faith in them I would snatch them up forthwith, but instead I keep crunching popcorn.

[Armis]

The data coming out of Gox now only reflects a company going bust.

It's the kind of thing you might be looking at if you were working on a company going into administration.

It is no longer in any way linked to the price of Bitcoin.

Looking at Gox on the charts you are really watching a company failing. But the charts are meant to show data for the Bitcoin market, not the Gox market.

yes, yes, and yes.

But any calls for govt intervention only moves the situation from the frying pan into the fire. 


Receivership ("administration") is court ordered control

[nyanstu]

For what it's worth, here's a petition.

When we get up to one hundred signatures I'll get it to the attention of the charting services.

100 sigs might not be much but it will back up what they have been likely thinking about anyway.

https://www.change.org/petitions/bitcoin-wisdom-clark-moody-rtbtc-and-all-bitcoin-charting-and-market-data-reporting-services-please-suspend-reporting-market-data-from-mt-gox-pending-clarification-of-their-situation