Doesn't read like an internal presentation from a company with a long established corporate culture perhaps. Mt. Gox was founded by a geek and is run by geeks. It's exactly the sort of presentation I'd expect to see a geek make, especially the "we can save it by re-branding" line coming from someone who can't bear to see the site die and be put out of it's misery.
Oh wow. At least it made the headlines over here: http://www.straitstimes.com/breakin...-website-down-after-halting-withdrawals-20140 Don't see how this can't happen on the other exchanges.
Anyone want to trade some Magic The Gathering cards? I've got a great idea for an Online eXchange :lol:
who could have seen this coming? oh that's right almost everyone... But some people won't learn, they will just move to another exchange like btc-e and then surprise surprise by the end of the year that will shut down too. Bitcoin math might be sound, but as soon as you mix it with humans it becomes flawed like everything else, foolish for anyone to think any different with bitcoin. People that like bitcoin love the idea of a free unregulated system and this is what happens in a free unregulated system.
yeah, though I did expect to see $500 prices again when buying my mining gear I was just hoping that they would be a little later than this however I am still profitable at this level but my after electricity profits are hovering at just under $50/day at the current prices so not exactly stellar but better than loosing money all the same.
hmmm.... wonder what's going to happen to all the ID records they've got... ... you know, copies of people's passports and stuff like that.....
How do the power companies distinguish the marijuana plantations in the suburban roofs from the coin mining electricity users in the spare rooms? LOL This fellow was howled down last time his view was posted. He feels vindicated it appears: See the link for his full reports if you're interested. http://www.marketoracle.co.uk/Article44562.html
I'm sure someone will have fun with them. Might get a call one day questioning involvement into a Mexican midget sex trade.
Well my paranoid mind is more inclined to think they might be worth something on the open black market - to the likes of hackers and identity thieves ... perhaps some employees losing their jobs that have access to records might help themselves before going.
Following some of this on Bitcointalk and Reddit at work today. It doesn't come as a total shock but I truly am surprised at the whimpy, teenage, punk like amateur hour tactics of Mt Gox. Seriously putting notices up saying your money is safe, we are just working through problems, bit coin protocol buggy, blah blah blah. How did they get away with that shit trading platform for so long? And then just pull the plug today and turn the website off? I can't believe it. Surely this has killed the viability of the currency, at the very least put it back years. How can you have faith in a currency when you need to constantly look over your back wondering who is going to hack it next. I know the numbers might be BS but some source says Gox lost 700,000 coins in a hack - that is over 6% of the entire available bit coin supply. I still am very interested in the concept and tech and future possibilities but right now gotta be kaput.
Interesting irony. NSA (and by default, every government in the world) knows everything we do on line which means they know when we scam but we have to prove to them that we didn't scam when someone steals our identities and uses a false identity to scam.
