767700+ entries in 0.526s
ozbot: imgur:
the simple image sharer
jborkl_: Tat, I
think you are right on
ThickAsThieves: i don't
think it's got a strong enough signal in all
the altcoin noise
jborkl_: the price was getting knocked both ways very quickly due
to
the
thin order book
jborkl_: the price was getting hammered and volume was getting
thin, so
take what you want from
that
jborkl_: I was on RTBTC
trading when
they locked it - it was exactly 8:00 on
the dot my
time - roughly 15 minutes later
they
took down
the site (if you
tried
to
trade it said
trading disabled)
jayk: mtgox probably had been cashing out coins all along
til
they ran out
taub_: hope people get
their money out if
they still have some in it
Apocalyptic: but it's gox so anything is possible at
this point
mike_c: love
those days. bitcoincharts down yet?
cazalla: he doesn't look
the
type
to be willing or capable
to rough it out for a bit
Jere_Jones_: This whole
thing makes no sense unless Mark decided
to run and
the rest of
the
team is
trying
to pick up
the pieces.
ThickAsThieves: 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.
ThickAsThieves: people are so dumb, i have 3 voicemails from a webhosting client asking for my email address, my domain for
the business is literally just a logo and an email address
ozbot: SecondMarket
to launch first U.S.-based Bitcoin exchange -
The
Term Sheet: Fortune's deals blogTerm
MCM-Mike: did you have a look at
the sourcecode , of
the index page?
ThickAsThieves: one gox.com NS record points
to buy.internettraffic.com
ThickAsThieves: seems like now would also be a good
time for a new zhou
tong jam
jurov: you have seen
the gox
truck?
deadweasel: how can you
turn when you've smashed into
the pavement after a freefall?
BingoBoingo: Oh, looks like Russia is
taking back Crimea
azi`: full
tilt poker when it went down
azi`: al
this is giving me dejavu's about
deadweasel: azi`:
they are coming around again for another con.
azi`: i would assume
they'd had
to run at
this point already?
azi`: the last
time i spoke
they said
they are fixing it but have no ETA
jurov: like, what do
they say?
azi`: even karp appears
to be on
the chan
azi`: answering patiently
to querries
azi`: i am somehow fascinated
that
they still keep support on irc
jurov: i
took
the litecoin one
cazalla: glad i
took
the gox out of business 2014 bet now
jurov: oh
they were already doing it
cazalla: maybe
they'll do a bitinstant - we'll be back any moment
jurov: like
tradehill? i can see
them
trying, but dunno
cazalla: karpeles goes out
the back door, new outfit in
through
the front, relaunch on gox.com and play
the
typical we are not
taking on debts and only bought
the assets line
cazalla: maybe
they won't
take
the debts on
cazalla: i guess
the new investors assume
that whatever amount of goodwill is left in
the brand is valued at more
than what
they are paying
jurov: because
they are bitcoin
jurov: they must "save"
the bitcoin image at all costs
jurov: even if
the leaked plan is fake, it portraits
their mindset accurately
Mallstromm: deadweasel: don't underestimate
the general level of retardness
cazalla: deadweasel: people will line up
to use it,
that's
the sad
thing
deadweasel: are
they really going
to
try
this rebranding bullshit?
jurov: cazalla computer ability has no relation
to risk profile
Mallstromm: I mean... I also have like 0.0004 (or something like
that) left on Gox. Probably 500 coins feels
the same
to Erik :D
Mallstromm: chetty: probably 500 coins are nothing
to Erik. He got paid hundred of
thousands for SD
cazalla: jurov: in regards
to using a computer i should add
Mallstromm: jurov:
TheKoziTwo has wired $100k
to Gox just
two days ago
deadweasel: afaik,
this chan has
told people about
the fractional reserve system repeatedly.
cazalla: i would bet
the average bitcoiner is more intelligent
than
the average joe
Mallstromm: but as soon as I buy
the coins I'll
transfer directly
to cold storage. Daytrading is really not worth it IMO
jurov: we
tried
to
talk a friend out of it, he sent fiat
to gox anyway 2 weeks ago anyway
Mallstromm: or, when I want
to buy: just
today I wired quite an amount
to both Bitstamp and Kraken. I'm betting on a shitstorm happening in
the media, noobs panic selling and
thus I'm ready
to buy all
the sub-$500 coins I can
cazalla: i don't get it
though, it doesn't
take an intelligent person
to figure out
this was going
to happen sooner or later minus specific details
Mallstromm: I just send
the coins
to
the exchange when I reach my profit-taking
targets -
to sell
them for good and
to withdraw
the fiat immediately
jurov: many people do need
that
thrill
Mallstromm: jurov: well, daytrading is risky business indeed. I only daytraded during my "accumulation" phase. Now 90% my funds are in deep cold storage and 0% of
them are on
third-party services.-
Mallstromm: what I can
tell you is
that as soon as I had a +6 weeks delayed withdrawal I left for good. I didn't give
them a second chance.
There's really no point in risking your hard earned money when
the insolvency signals are so strong
jurov: also successfully used cryptoxchange,
tradehill, intersango...now all gone
Mallstromm: jurov: seame
thing about withdrawals, I had "trusted" status and everything went smooth (and by smooth I mean deposits
that arrived
to my bank in 2 days) until
they weren't
Mallstromm: jurov: fuck. I've done at least a dozen deposits
to Gox, a couple of
them 6 figures of EUR -> and
they arrived within one week
the20year1: when a company
takes 3 months
to process a withdraw, something is wrong
jurov: and
that was 2 years ago
jurov: my very first sepa deposit
took over 2 weeks
Mallstromm: but as soon as
the red flags are raised... Its just stupid
to risk your hard earned money.
Mallstromm: I meant, I was a VERY happy Gox customer. I've bought hundreds of coins on
there, sub $10. I have wonderful memories of Gox
the20year1: i asked
those questions 6 months ago and every sign was leading
to gox insolvency
the20year1: the idea
that maybe, just maybe
they would let you wire USD or some other currency
Mallstromm: Having funds on gox was like playing russian roulette.
The risk was huge, and what was
the reward?
Mallstromm: but I can understand some noob would just send
them
the money. But people
that has been around for months? How come
they have been caught with
their pants down?
cazalla: if
they didn't lose it
to gox,
they would've lost it
to some penny stock anyway
Mallstromm: cazalla: I do believe
that
there is a small amount of noobs/newcomers who probably just wired money
to Gox because it was
the best known exchange. I would have researched in forums, etc. as I did when I bought my first coins in 2012
cazalla: i really hope
they did get ganked for 750k coins
Mallstromm: if you need people
to wait 6 weeks before paying
them... Is because you have cash-flow problems and you need
to cash in before cashing out
cazalla: that's why i don't feel any sympathy for
those affected by
this
Mallstromm: if you have
the money, you can move it - full stop
Mallstromm: there's only a reason for
that in my book: fractional reserve. I work with banks and I know by hear
that
there are no "banking limits"
cazalla: sounds like you escaped just in
time
cazalla: only people who are making
those seem
to have coins
there
Mallstromm: of course I don't have coins of Gox. Only a retard or a poor clueless noob would have at
this
time
cazalla: assumed you were due
to ad hom