No Gox bailout! Bitcoin threatens kleptocracy and through that saves capitalism

[pollen_bit]

No Gox bailout!
'Bitcoin threatens kleptocracy and through that saves free market' Andreas Antonopoulos
https://www.youtube.com/watch?v=jaHqtXvGxy4 …
IamSatoshi - project on startjoin.com https://www.startjoin.com/IamSatoshiFilm

[bomb7]

Well Andreas also made some very clear public statements in the past few days that he strongly believes Mtgox has no solvency problems. So at the moment I could a fuck what he thinks.

[justusranvier]

Well Andreas also made some very clear public statements in the past few days that he strongly believes Mtgox has no solvency problems. So at the moment I could a fuck what he thinks.

Should anyone give a fuck about what someone who's barely been on the forum for two months thinks?

[davidpbrown]

Well Andreas also made some very clear public statements in the past few days that he strongly believes Mtgox has no solvency problems. So at the moment I could a fuck what he thinks.

Should anyone give a fuck about what someone who's barely been on the forum for two months thinks?

Age on forum isn't relevant to the point being made. Be nice to noobs etc.

Don't shoot the messengers, critique the message content.

[Sheldor333]

And to the people at Gox... the level of incompetence is so breathtaking I just can't even comprehend.
I'll also say this: bitcoin isn't ready for primetime. It's ready for the techies, the security experts, the hackers, and programmers... We don't even have a hardware wallets yet, which would be the minimum expectation to get people to secure their coins.
The use of POW/Block chain is potentially revolutionary... I'm not sure if Bitcoin is going to flourish. Destroyed coins are one thing (and that part is well designed), coins in the hands of thieves is much worse to me. (I still think it will flourish, though - just my 95% confidence has dropped to 90%).

[arkintunde]

I don't see the problem. This video is great. Anyone who made any comments on Mt.Gox and their insolvency did not know and were guessing or even hoping. I wouldn't hold that against him.

[justusranvier]

Note the date.

You are obviously no ideas of what you are talking about, come and work with us you will see how things are done and what we have to deal with on a daily basis. As I write this we have two concurrent DDoS attack with NO lags and still online. Things always seems easy at the other end of the keyboard.

This really takes the price for EPIC FAIL followed by tone deaf attack on your own customers.

Wow, just wow!

Since you decided anyone calling your bullshit with you doesn't know how hard it is on your end of the keyboard, I'll offer you this:



That's me on the left. I'll give you three guesses as to the location and why I was invited to this by the CEO.

So as someone who does know what they're talking about, SCREW YOU Alex and your company. First you fail, then you insult your customers for having the audacity to call you on your BS.

Everyone reading this: Open an account on bitfloor, campbx, btc-e or any (ALL) of the other exchanges. Close your MTGOX account.

[shadyz]

The amount of scumbags in the exchanges and in the "community" is beyond comprehension. Its a tough thing to admit, but if the gox issues do not get solved, the entire community is dead, only an amateur marketer like vorhees could say this is just a big obstacle and that "together we'll get over it". BS.

Everyone of these marketers was defending mtgox ,saying they're solvent, because they have a VESTED INTEREST. And this antonop guy? His acting spiel in each video where he gets teary every time he mentions "the 6 billion" , what a bunch of shit.

Roger ver ,the bitcoin jesus , coming on here ,publicly buying goxbtc to show how much he "believes" they're solvent. "only 50k a piece" Now what? We don't hold these people accountable? Hell no.

Sarahcoinbit saying "the coins are safe" just yesterday in IRC.

And now they're all washing their hands ,all these popular figures, even bitstamp saying "Oh, its all fine with us, its just mtgox problem"

Yeah,we've heard that already ,and i don't doubt it... But i'm not trusting anyone in the community until this is cleared up. Mtgox should be bought out similar to how pokerstars bought full tilt ,because of THEIR internal fraud.

And all the people saying "oh, mark is just uber incompetent." Yeah right. He is running a 100 million dollar business or whatever , i dont care how many brain cells he has ,he knows to get more people on the job. Their support would have definitely seen people asking for their money pretty fast , not 1 year later. I don't believe that for a minute.

It is impossible that theres ANYONE on planet earth that is incompetent enough to lose 700k btc and 50 mil $ over a year or more that way. This is either blatant fraud or ? Something. But it better get fixed , bought for 20 cents on the dollar from bitstamp or whoever, but in the end ALL customers need to get their money back. The minute full tilt was taken over by pokerstars, full tilt poker was turned into a great place for players, and mtgox should be too.

I don't know much about startups ,but from what i do know , it is the first thing you learn - you need GOOD ACCOUNTING. And i am talking EVERY SINGLE BUSINESS , no matter if they're selling cookies or services. LET ALONE FOR AN EXCHANGE. It is a unprofessional joke to even think they can get away with saying they lost 700k+50mil. They have to be bought out. That's the only way.

[pollen_bit]

Well, at least we'll see a free market at work. Ie, no bailout for the losers..