Mt Gox thinks it's the Fed. Freezes acc based on "tainted" coins. (unlocked now)

[MPOE-PR]

Well, call it the Bitcoin Fire Department then, its exactly equally as good a name.

[1713568708]

1713568708

[1713568708]

1713568708

[rjk]

Well, call it the Bitcoin Fire Department then, its exactly equally as good a name.

I like that name actually! Maybe you should contact SomeoneWeird and tell him.

[Matthew N. Wright]

Well, call it the Bitcoin Fire Department then, its exactly equally as good a name.

Hey MPOE-PR, wanna found the first Bitcoin Fire Department?

[MPOE-PR]

Hey MPOE-PR, wanna found the first Bitcoin Fire Department?

I think I'm going to save myself for the First Bitcoin Wahmbulance Center.

[muyuu]

Bitcoin is so doomed long term. Oh well, there goes my time and money investment.

[Matthew N. Wright]

Bitcoin is so doomed long term. Oh well, there goes my time and money investment.

Bitcoin isn't doomed if it's used only as a debt settlement utility.

Think about it like this: You still use Paypal, but when it comes time to cash out, instead of getting money into your bank account, you withdraw it as Bitcoins. That's the ultimate direction of Bitcoin as I see it.

Right now people have the misconception that it should be used a large-scale micropayments solution across the world and that's it's highly scalable.  

[N12]

Bitcoin is so doomed long term. Oh well, there goes my time and money investment.

Why would Bitcoin be doomed? You forgot this is a free market? You forgot you can choose any exchange of your liking?

People are acting like MtGox is some kind of central bank while they themselves choose to use it, and then they bitch about it and proclaim the end of Bitcoin instead of boycotting it.

The fuck is wrong with you?

[muyuu]

Bitcoin is so doomed long term. Oh well, there goes my time and money investment.

Why would Bitcoin be doomed? You forgot this is a free market? You forgot you can choose any exchange of your liking?

People are acting like MtGox is some kind of central bank while they themselves choose to use it, and then they bitch about it and proclaim the end of Bitcoin instead of boycotting it.

The fuck is wrong with you?

I don't do any business with MtGox. However, the future of bitcoin doesn't depend exclusively on me.

It's not a matter of individual decisions. As a means of exchange it depends on group dynamics, and the truth of the matter is that MtGox has a stronghold powerful enough to steer practices and usage. And they're doing it.

Ever heard of the Tragedy of the Commons?

This is looking pretty bad IMO. Just my personal judgement in the matter. Looks like enough people just can't properly value the importance of fungibility. Enough for the whole project to implode by the looks of it.

[Matthew N. Wright]

Bitcoin is so doomed long term. Oh well, there goes my time and money investment.

Why would Bitcoin be doomed? You forgot this is a free market? You forgot you can choose any exchange of your liking?

People are acting like MtGox is some kind of central bank while they themselves choose to use it, and then they bitch about it and proclaim the end of Bitcoin instead of boycotting it.

The fuck is wrong with you?

Have you seen his other posts? As a fellow frothing retard, I don't typically judge people on their other claims in other threads, but Jesus. I'd be surprised to see that he thought Bitcoin was useful at all.

[muyuu]

Have you seen his other posts? As a fellow frothing retard, I don't typically judge people on their other claims in other threads, but Jesus. He's got a hard-on for Bitcoin and MtGox bashing.

Grow up.

I'm just giving my honest opinion in the matter.

I think MtGox is shady as fuck and an outright scam. Actually, so do you IIRC. So what?

[Matthew N. Wright]

Have you seen his other posts? As a fellow frothing retard, I don't typically judge people on their other claims in other threads, but Jesus. He's got a hard-on for Bitcoin and MtGox bashing.

Grow up.

I'm just giving my honest opinion in the matter.

I think MtGox is shady as fuck and an outright scam. Actually, so do you IIRC. So what?

Hehe. I had you confused with another more verbal person in that thread, I edited my OP immediately after realizing. And yes, I think MtGox IS Bitcoin at this point and it's fucking retarded and the definition of irony when a large group of spergy libertards create and support a decentralized currency only to quickly support the first centralization effort.

People will use it because it has more volume/traffic and maybe some conveniences. This is a social pattern and I really wish the retards in Bitcoin would wake up and realize that they can't change social norms by developing a new product. They'd need to develop a new society entirely.

The future of Bitcoin is more than likely indebted to the same rich asshole scumbag deceptive dictators that they work so hard to get away from. Oh the irony.

[MPOE-PR]

It's not a matter of individual decisions. As a means of exchange it depends on group dynamics, and the truth of the matter is that MtGox has a stronghold powerful enough to steer practices and usage. And they're doing it.

This is a joke at best. MtGox is about as important for bitcoin from this perspective as James Bowman Lindsay was for the electric industry. Ever even heard of him? Didn't think so.

MtGox has the simple choice to obey right now or disappear in a few years at a maximum. The impact of either choice to bitcoin itself is comparable to the impact of the Wright character on Global Warming. He gets agitated often and flails arms a lot but how much heat is that going to generate?

[muyuu]

It's not a matter of individual decisions. As a means of exchange it depends on group dynamics, and the truth of the matter is that MtGox has a stronghold powerful enough to steer practices and usage. And they're doing it.

This is a joke at best. MtGox is about as important for bitcoin from this perspective as James Bowman Lindsay was for the electric industry. Ever even heard of him? Didn't think so.

MtGox has the simple choice to obey right now or disappear in a few years at a maximum. The impact of either choice to bitcoin itself is comparable to the impact of the Wright character on Global Warming. He gets agitated often and flails arms a lot but how much heat is that going to generate?

Your analogy is flawed.

MtGox won't kill cryptocurrencies, but it can kill this "brand" for good as things stand right now. A couple more massive fiascos and very few people will trust in the system. Don't underestimate the importance of perception.

[Matthew N. Wright]

It's not a matter of individual decisions. As a means of exchange it depends on group dynamics, and the truth of the matter is that MtGox has a stronghold powerful enough to steer practices and usage. And they're doing it.

This is a joke at best. MtGox is about as important for bitcoin from this perspective as James Bowman Lindsay was for the electric industry. Ever even heard of him? Didn't think so.

MtGox has the simple choice to obey right now or disappear in a few years at a maximum. The impact of either choice to bitcoin itself is comparable to the impact of the Wright character on Global Warming. He gets agitated often and flails arms a lot but how much heat is that going to generate?

I generate quite a lot of heat but it's usual local warming that leads to localized wetness.

[556j]

update

Hello,

We have had the AML requirement lifted from your account as Bitcoinica no longer wishes to pursue this case. Our apologies for the inconvenience caused.

Thanks,

MtGox.com Team

I transfered the money through bitinstant without issue. Updating the first post as well so everyone can see but leaving the thread.

[muyuu]

update

Hello,

We have had the AML requirement lifted from your account as Bitcoinica no longer wishes to pursue this case. Our apologies for the inconvenience caused.

Thanks,

MtGox.com Team

I transfered the money through bitinstant without issue. Updating the first post as well so everyone can see but leaving the thread.

Good thing Zhoutong decided to drop it, or you'd be fucked.

I hope you don't do any more business with MtGox... "scam me once, shame on you."

[MPOE-PR]

 

Don't underestimate the importance of perception.

 I think to some degree you overestimate the importance of your perceptions. I guess time will tell either way.

 

Good thing Zhoutong decided to drop it, or you'd be fucked.

You might be a little... off in your perceptions of what exactly happened there.

[muyuu]

Don't underestimate the importance of perception.

 I think to some degree you overestimate the importance of your perceptions. I guess time will tell either way.

 

Good thing Zhoutong decided to drop it, or you'd be fucked.

You might be a little... off in your perceptions of what exactly happened there.

Wasn't talking about my perceptions, in case you didn't notice.

[zhoutong]

I'm happy that Mt. Gox has done some serious jobs to protect the benefits of their partners, and risk being misunderstood. They have been actively contacting us throughout the issue.

I apologize for those who accounts were placed on hold for AML because of their protection. We should have told them earlier our attitude that consumers and merchants shouldn't be responsible for tainted coins. We even accept the tainted coins ourselves.

At the same time, I really appreciate what Mt. Gox team has done.

[flower1024]

I'm happy that Mt. Gox has done some serious jobs to protect the benefits of their partners, and risk being misunderstood. They have been actively contacting us throughout the issue.

I apologize for those who accounts were placed on hold for AML because of their protection. We should have told them earlier our attitude that consumers and merchants shouldn't be responsible for tainted coins. We even accept the tainted coins ourselves.

At the same time, I really appreciate what Mt. Gox team has done.

just WOW and +1