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Showing 20 of 74 results by whave
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 26/02/2014, 16:43:46 UTC
No. it needs pointing out that just taking peoples funds is not acceptable and a lawsuit should be filed (last week)

Yeeeeeeaaaaaaah, proving a point is so much more important than having an actual chance to get your money back Smiley

if that's your take on it. so do nothing and have absolutely no chance of seeing your funds, the choice is your own.

A lawsuit won't help, and I personally don't care about proving points. Remember the tilt poker controversy? Another poker company bought it so the customers could get their funds. That won't happen with gox if lawsuits are going to hit, but I understand sueing is like the only and ultimate solution for most americans... Smiley
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 26/02/2014, 16:25:14 UTC
No. it needs pointing out that just taking peoples funds is not acceptable and a lawsuit should be filed (last week)

Yeeeeeeaaaaaaah, proving a point is so much more important than having an actual chance to get your money back Smiley
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 15:24:03 UTC
"announcement" on mtgox.com!

Dear MtGox Customers,

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 13:41:50 UTC
According to this: http://www.golem.de/news/bitcoin-geleakte-dokumente-belegen-massiven-diebstahl-bei-mtgox-1402-104774.html (its in german) rumors say MTGox has been stolen 744.408 Bitcoins and is also missing 55 Mio USD.

If that's true, they managed not only to loose their BTC, but also their USD. If that's true, it looks more like a planned scam.

Was the source of that rumor not found to be a faked document? Was that not mentioned in this very discussion thread?

It does sound a wee bit unlikely that Mt. Gox does not notice such a massive theft. I guess though that it does not make much sense to discuss this, because we would only trade guesses in the absence of any hard facts. I also guess and hope that Mt. Gox will have to say something soon.

Exactly. No use guessing. Either we'll get our BTC back, or some of it, or none of it. Guessing won't change the outcome.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 13:40:24 UTC
They say:
Quote
Über Jahre hinweg ist die Bitcoin-Börse Mtgox über die sogenannte Transaction Malleability bestohlen worden. Insgesamt seien es 744.408 Bitcoins

It means, that there was a bug over the last years and Mtgox does not realize it.
No, they don't say mtgox didn't realize it. On the contrary:
Quote
"Dokumente sollen belegen, dass Mtgox darüber Bescheid wusste und ein Ausstiegsszenario plante."
says, they knew about the bug and were planning an exit scenario.

...aaaand they know this for sure from...? And I guess they have proof as well? No? Hm.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 12:25:13 UTC
Calm down people it's all fine , Gox have been leading the market for several weeks without withdraws and now they prepare to resume  without a site ... see their volume here : http://bitcoincharts.com/markets/ . Grin

A bit more serious, as i told you some weeks ago , the end of MT.gox with this misinformation environment and lack of consideration for their costumers can mean the END of btc.

We will have other strong digital currencies in the future, but different rules are needed !

Good luck every one

P.S.:Sturles come back i will forgive you !!!  Grin

yyyyyyyyyyeaaaaaaaaaaaaaah 'cause when the banking system had it's last crash, it was the END OF MONEY, right? Pf. BTC is so much more than gox.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 12:14:14 UTC
So anyone who receive the fiat withdraw after today, please kindly leave a message here.



Especially anyone outside Japan

Some guy allegedly received SEPA today, but 1., no screenshot 2., that was initiated last week I suppose, not yesterday.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 11:38:30 UTC
Can anyone else check MtGox Android app? Is it really displaying some bogus balance, like for me? (1.3 instead of the actual 8.5)

So no one else can check the Android app?
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 11:07:50 UTC
it's the same if you put:

Access Denied

You don't have permission to access "http://www.mtgox.com/img/pdf/insolvency1-Announcement.backup" on this server.
Reference #18.721d434d.1393326101.7a50edc5

or this:

Access Denied

You don't have permission to access "http://www.mtgox.com/img/pdf/insolvency11000-Announcement.backup" on this server.
Reference #18.721d434d.1393326165.7a528caf

True dat:

https://www.mtgox.com/img/pdf/fukkenanything.backup

Same Access Denied... seems to work for *.backup
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 10:57:49 UTC
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 10:52:41 UTC
Ok and what does that code mean? I don't speak java.

Can anyone else check MtGox Android app? Is it really displaying some bogus balance, like for me? (1.3 instead of the actual 8.5)
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 10:32:27 UTC
you need to go to source of the page

right click and source

yeah I know but whenever I check, it's the simple html placeholder w/o any kind of javascript (yes I'm refreshing and no it's not from the cache)
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 10:31:09 UTC
Fun fact: just logged in to mtgox through the Android client. It lets me in, and it says my balance is 1.3 BTC. My actual balance was ~8.5 yesterday when the site was still up. I'm not sure if this is some kind of a cached value being displayed or what... (I don't remember when did I use the Android app for the last time, it was quite a few weeks ago).
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 25/02/2014, 09:56:45 UTC
There it is again, 10:44 AM UTC +1:


   
      MtGox.com
   
  
    
   
      
   


Must be gone again, I don't see it bro
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 16:45:10 UTC
It's amazing to see how this scenario is playing out exactly as described:
http://www.coindesk.com/mt-gox-may-headed-bankruptcy/

There's absolutely no reason for Mt.Gox to have these kinds of delays. I was really optimistic about Gox being able to recover but there is no going back now. Processing withdrawals will result in a bank run in which case they'll be out of business. Not opening btc withdrawals will result in the price going close to zero, in which case they are effectively dead as an exchange.

I have no stake in Gox, no money, no btc so i'm not loosing anything but i'm invested in Bitcoin. Up until a few days ago i was hoping for Gox to fix their issues so the markets would stabilize. Now i can't help but wish this company would close for good and let everything go back to normal. It will crash the price (temporarily, i hope). But at least we can then move on. This is like the Sword of Damocles hoovering over Bitcoin and it's hurting the comunity as a whole.


If we make the assumption that the BTC being sold at Mt.Gox is made up,  then it impossible for Mt.Gox to even allow BTC withdrawals.  That would create a massive short squeeze.

Meanwhile, Mt.Gox has exclusive ability to send BTC out and receive fiat in.  What this allows them to do is to acquire real BTC from panicking customers and sell them in another exchange for a 300% profit.   The fact Mt.Gox is still insolvent after having days of this arbitrage opportunity available to them tells us how badly their finances may acutally be.

If we make the assumption that the lizard people are combining the powers of HAARP and the chemtrails to induce foolish paranoias in people's minds, then they seem to be quite successful.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 12:15:53 UTC
oooh, this guys is very smart. renting in japan is expensive and requires huge down payments. also, you need to show your ability to pay (via solvency or a guarantor). that being said, unfortunately one must accept the possibility that its office space theyve had all along...


Well the new address they gave was a virtual office, and they have been using that address in the past, so it should be easy for them to swap regardless of their financial situation.

My guess is that the building management and other tenants of the multi-tenant office block that has a protest outside of it got upset and Tibanne thought it wise to no longer be there, though still paying rent. Meanwhile as you say, the previous (now current) address is merely a virtual office also with no one there.

So I do not believe that the move offers any reassurance with regard to Tibanne's solvency, in fact I think that:
  • Karpeles being asked point blank if he was solvent and him giving the answer that he was not permitted to discuss that
  • the obvious heightening of security stance (abandoning staffed office, using virtual office address)
indicates that Karpeles anticipates an almighty shitstorm coming, not any sort of good news.

Naturally this is all complete guesswork.

But at least it's guesswork based on some rational thinking, not on overwhelming AMAGADIMSCREWED emotions. I was not aware that address is for a virtual office.

Still, all we can do is hope for the best. SEPAs are still being sent out regularly which is a pretty good sign. After all, they could pause the SEPA queue without anyone noticing to try to use the funds covering the alleged insolvency, yet they're paying "on time" (I mean 4-6 weeks of course).
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 11:38:04 UTC
Is nobody familiar with the Japanese law? There must be a way to force a kind of solvency check, for instance if you are a supplier and not getting your money...
Did nobody sue Gox yet? That's so unbelievable considering the amount of money into play.

Forget that solvency check already.

If they were near bankrupcy, do you think they COULD go to another office?

Do you guys seriously think an office contract is a short-term, cheap thing to do, and these offices are being just handed out to anyone who wants to have a warm, cozy place?
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 11:00:28 UTC
wow. seems like this update on an update was already priced in. unless the americans start shitting themselves when they wake up....

i was hoping for an epic price drop to below 100.

Price is basically irrelevant. So far MTGOX has shown that they do not have the coins to pay out.

If they ever do payout expect it to be limits of 0.1 to 1 BTC per day and 1 BTC to 5 BTC per month per user.

Since they are not paying out...price is not the issue. Solvency is.

No, they had not shown this. You are guessing, speculating, without any facts.
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 10:41:03 UTC
If the CEO is in danger of spilling his frapuccino when faced by protestors while trying to enter the building, well that IS a security issue...

Yes, and it caused the loss of days of work  Roll Eyes.

If they were anywhere near to allowing withdrawals, even limited size, the protest would have faded away.

Because you guys are just 100% sure THIS is the security concern they're talking about.

How would moving back to the old, well-known office help these security concerns?

Are you sure there CAN'T be a different problem?

So eager to make assumptions and accusations. WE DON'T KNOW. GUESSING GAMES MAKE NO SENSE.

Believe me, I'd like to transfer my funds as well, but making up my own crap won't speed that up, so what's the point?
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Re: MtGox withdrawal delays [Gathering]
by
whave
on 20/02/2014, 09:29:53 UTC
Where's our man sturle?
Lurking and going to jump in when there is any type of information he can twist to make something ridiculous sound rosy and filled with rainbows and unicorns and candy.

Well, it would be boring if everyone would just spread fud/criminal/bankrupcy/insolvency/insidertrading theories (without presenting any actual facts) like you do all day, wouldn't it?