Quote from: rpietila, the Vassal of the Mighty Goat on February 09, 2014, 08:48:09 PM

Quote from: sturle on February 09, 2014, 07:12:48 PM

Of course you will find manipulators like you spreading FUD and offering much worse rates in the same channel. (And useful idiots who are helping the manipulators spreding FUD, while stupid enough to not take the profit from people who run into their trap.)

Quote from: rpietila, the Vassal of the Mighty Goat on February 08, 2014, 09:15:43 PM

Quote from: binford on February 08, 2014, 08:50:15 PM

owners of gox.btc don't get ripped off. magical tux has the coins and will resume payouts as soon as he fixes his code.

Owners of goxBTC may for example:
- Believe that Gox has fallen victim of an unreported theft, hack, scam or seizure and do not have the full amount of coins
- Believe that ongoing investigations result in seizure which may take years and may result in BTC returned as fiat
- Need the money which Gox has kept hostage for weeks in case of many
- Prepare to sue Mt.Gox or do something damaging to them and just want to get the money out from retaliatory action by Gox
- Have insider information.

; all with certain probabilities.

In every scenario, the actions of Mt.Gox are most contemptible. The price of goxBTC, which has been around 83% lately, reflects the level-headed analysis by market participants, concerning what is the confidence that Gox will surrender the money. Prior to this, goxUSD has been trading at 80%. Even inside of Gox, the market has currently given up hope to get coins out, because they are trading at 5% discount even relative to goxUSD, which we have known for long, is a high-risk variable income paper, and nothing resembling a currency.

Mt.Gox inactions are below every standard, and it is 100% them who are to blame. The customers have every right to expect that the "market leader" functions at least as well as the fly-by-night exchanges. Instead of calling long-standing forum members like me "useful idiots", you do well to consider the above and following points.

I sent you PM several weeks ago asking what could be the best way to get money out of Gox. In Jan 26, full 14 days ago and after long time of useless correspondence with their customer service, I decided that enough is enough, and converted $800k to BTC at top markup, triggering the panic rally to >1,000. Then the withdrawals were already dysfunctional and I could get only about 55% out, the process being the main joy of my life 24/7 for more than a week. The rest I estimated that I better sell at an average price of 83% than leave them there.

Listen now, smartass: That people need their money that the service is obligated to give them upon request, does not make them idiots. I am fully aware that I have lost $150k in the debacle, am I an idiot? For every seller there is a buyer, and somebody is now enjoying my money. I have nothing against people who do honest arbitrage (I do, myself) but manufacturing (or: not fixing by criminal negligence) technical problems and causing unforeseen and unbearable difficulties to your customers, and then offering an extortionate solution, is despicable, loathsome, hateful, spiteful, detestable and abominable.

Quote

Dear Valued Bitcoin Exchange,

Thank you for your email and fuck you for unlawfully withholding my money.

I am willing to enter into the following compromise:

I eat my loss from ever believing I would get the fiat out from you, and the resulting 23% price premium which I paid to convert almost a million dollars to bitcoins, plus the fees for this and the fees for the unfunctioning and cancelled withdrawals.

In return you will transfer any bitcoins in my account (550 as we speak) plus the ones in limbo as a result of my ongoing attempts to receive at least something from you, to my bitcoin address of 1CWJPpv8ENiqzgeEAVknKUBpJXEkybaA51 which you can verify belongs to me, since you have sent 18 withdrawals requested by me to that address already, and you have every means available to further ensure that.

I am sure 7 days is well enough to do this considering your workload, and even leaves room for a positive surprise from your side. Failure to response to this in due time will naturally result in every adversity and negative publicity imaginable.

Yours truly,
Risto Pietilä; username "rpietila"

Now, I take a risk. I did not even wait 7 days to get my goods out, since I think the 83% odds were on my side. If Mt.Gox gets everything done so that everybody who wants (perhaps somebody has not heard about this or is dead or whatever and thus does not want) his coins out, he can get them, on Monday, then Mt.Gox and its principals are still despicable, loathsome, hateful, spiteful, detestable and abominable (old crimes are not forgiven just because switch has been turned ON for a time), but in addition I am a fool and an idiot. I should be better connected to know exactly every BTC bank where to keep even a tiny bit of my stash. (There is a reason why I own Silverbank.)

+1 Mr. Sturle lacks logic when it comes to customers being fucked over in all of MTGOX's short comings. And myself being also called an idiot by him shows his lack of understanding of what customers should be able to do.

Right now there is no excuse he can make for MTGOX that would legitimize the fact that they have fucked up. Sturle is obviously a shill who has an interest in MTGOX surviving otherwise he wouldn't spend quite so much time here trying to sprinkle surgar on all of the crap that MTGOX has made apparent due to their incompetent ability to run an exchange in a way that is USABLE in ALL ways an exchange should be. Yes I am referring to all of the withdrawal problems and now halting of them as well as past actions.

I will continue to call things how I see it in an unbias way as I have $0 and 0 BTC at risk if MTGOX goes belly up.

Such a great manipulator and idiot I am to have 0 at risk but having an agenda aside from exposing the truth and calling MTGOX for what it is (LOL), essentially a SHIT exchange.