brokenmusic

So I'm a little confused. You don't hold the bitcoins deposited into the question? Where do you they go?

So, let's leave out the insurance question and separate it from the taxi-licence issue. Provided that all cars are insured, how am I putting other people at risk by riding a cheaper unlicensed taxi?

Exactly, my house, not yours. That's why I'm responsible for choosing a reputable electrician, not you.

It works anywhere. Stupid state monopoly mafia trying to control how people are supposed to make money is scared. That's all there is to it. If I want to drive somebody and make money I don't need no licence. There's absolutely no justification for requiring a licence.

The problem with sanctions and manipulation of the oil prices by the US is that while trying to get rid of Putin, they're hurting average Russians, not Putin. And something tells me they know it very well.

In a game between politicians, average people are the real losers.

A failed state doesn't mean absence of government. Similarly to how if you burn a church, it wouldn't make all the people in the village atheists.

What people who dislike governments can realistically do is not comply and ask for no permission. Don't pay taxes, use Bitcoin, ignore stupid laws, don't send children to government schools. Peacefully disobey.

What I'm saying is, governments foster violent crime by criminalizing many peaceful things. The best thing you can do to dramatically decrease violent crime rates is get rid of governments.

Crime too. If you look at what are most of the crimes that are committed in any given country, it quickly becomes obvious that those are mostly victimless crimes or crimes that are invoked by governments declaring something to be illegal (while it harms no one): like drugs being illegal provokes a lot of violence, gang culture etc. The only true systematic source of evil in any country is its government. Without it, you'd still have bad things happening, but it won't be on the same level.

I'm always amazed at how people want to fight corruption not really understanding that corruption is inherent to politics and government. You can't fight it. It's like fighting aging with plastic surgery. Sure, it may look good on the surface and it may even make you feel good psychologically, for a while. But you're still aging. Best you can do is accept that and lead a healthy lifestyle.

So, if you try fight corruption, it simply becomes more obscure. Corruption exists purely because governments and institutions exist. If you didn't have those, you wouldn't need to bribe some third party in order to be able to establish a business relationship with someone else (e.g. get a licence, permit, etc).

The question people should be asking, how come in Eastern European countries internet access is so cheap and fast, yet barely regulated? It's so easy to argue for more regulation when things go wrong: trying to control businesses always sounds like a more noble idea than settings them free. And yet, in every possible example we see that where there's more freedom of enterprise, the customer always wins. And this is especially obvious with ISPs.

They should at least remove trading fees for a while, that's the least they can do to please the customers.

Sorry, I meant they're not even being broadcasted. It's all inside gox.

It's already over 55k BTC, added 5k in just a couple of hours. Probably gonna be 100k tomorrow.

1. At the very least take down the option from the website.

2. There are no transactions on the blockchain. All withdrawals are stuck within MtGox.

3. People who withdrew money don't care about the fix, they care about getting their money back. Start paying now or say goodbye to your business. This is no game.

In which case you provide a proof you have this other wallet.

This is BTC, not banks. If you hold BTC longer than an hour, you're a scammer.

He can also be the first to sell on another exchange and buy at the bottom. More profit, less risk.

Trading. Some people trade.

Why would that anyone holding a lot of coins need some incomparably small sum from MtGox while he can clearly make more selling it before the meltdown on other exchanges?

I personally would never give them my business ever. Many people won't either. I'm sorry, they already screwed me once last year holding withdrawal for 2 days, now again. They are going down in history. The only question, again, if they will return the coins. I doubt they will. Even if we assume incompetence, it doesn't mean they suddenly can't SPEAK, right? Go and tell your customers what's going on. When people are not open about things, it most likely means they want to screw you and you are safe to assume this to be the default version.

I think since they refuse to show evidence they have enough funds, it should be assumed it's a scam until proven otherwise. Really, they're making tons of money off fees, they are the most expensive exchange. Screwing customers like that is below acceptable. They're not just some paid app that can go down and customer won't be affected too much. It's money. Lot's of them. You can't refuse to pay and keep silence, otherwise you're a scammer.

It already is a bank run, look at the charts. 50k Bitcoins in limbo. Over 10k added just overnight.

I don't believe it's just "an issue" anymore. Not to spread FUD, as my coins are also stuck there, but MtGox is likely to go down now.

btc-e.com and Bitstamp, I guess.

In short what MtGox should've done if this was really just a technical issue:

1. Stop all deposits until the issue is resolved.

2. Stop all withdrawals and then process all those that were already made - manually.

3. Only then try and fix the bug.

4. Reopen with no fees and some other nice things for customers.

All steps should be accompanied by a statement explaining everything thoroughly. Even that course of action wouldn't necessarily restore confidence, but it wouldn't destroy their business.

If they're not doing this, it means something else is up and they are not to be trusted. At this point, their business is done anyway (unless they do the steps above like right now). The question is, will people see their BTC. My bet is not. But who knows.

Yes, and now they're not paying BTC either. 50k BTC (over 4k withdrawal attempts) are now stuck in limbo. MtGox claims it's a purely technical issue due to their custom implementation of Bitcoin protocol. People don't really believe that anymore, most (at this point) on IRC and Bitcointalk and Reddit think Gox doesn't have the money. Some haven't received their BTC after 13 days of waiting.

MtGox hasn't released any official statement except this one: https://support.mtgox.com/entries/26128504-Update-Statement-...

No proof of having enough funds, no explanation.