Bitcointalk mtgox wikipedia

Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. Excuse me if this is a stupid question, but does mtgox have an option to see market depth? Cryptoxchange seems to display this information on its trading page, but I can't seem to find it on mtgox. I can't seem to find it either, I'm pretty sure that they used to show it.

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WATCH RELATED VIDEO: The Rise and Fall of Mt. Gox: The World's Largest Bitcoin Exchange #Documentary

Collapse of Mt. Gox

It's really easy in all of this to pile a bunch of hatred on Mark Karpeles, but please, everybody remember that he is a human being, with real human emotions, and that those things really do hurt. The transaction malleability thing was poor programming on the part of gox.

Remember that we have ALL fucked up at some point, just luckily for most of us, "fucking up" doesn't mean losing than much of other peoples' money. Mark, I doubt you read hacker news, but if you do: it's alright, dude.

You bastard. There is no fucking way , BTC disappears with nobody noticing. This must have been building for a long time. Was there never any attempt to compare BTC in wallets to customer balances? Or did MtGox know about this problem, and hope to cover it up over time? Either case is at least gross negligence if not criminal fraud. Yes, we all fuck up at some point. But I don't pretend to be a surgeon and perforate a patient's aorta. Pretending to be competent to gain people's trust is fraud.

I sympathize with those who lost money in this clusterfuck. No sympathy for Karpeles. Most people who've been around bitcointalk and bitcoin-otc know not to use MtGox since circa when their stunning incompetence was at it's height. If you read MagicalTux's personal blog you'd know to never trust anything he's coded too. I clicked through and thought you were being too harsh. I mean, it can be fun to make toy implementations of things as an exercise.

You'd learn something. And then I read that his hacked-together-indays ssh server was for use in production.

In a hosting service. Just wow. That sounds like a brilliant technical guy, capable of running with a daft idea to completion unlike me, with my collection of at-best-half-built personal projects , who should have some layers of protection between him and Real World Production That reminds me: "Now, people who Get Things Done but are not Smart will do stupid things, seemingly without thinking about them, and somebody else will have to come clean up their mess later.

I think it's different. Inexperienced young programmers don't know what's been tried, and what's available. I've been dealing with this a lot at work recently, where we ended up doing poor reimplementations of off-the-shelf stuff due to a mix of ignorance, and honestly, a bit of hubris.

The type of ignorance Joel writes about see parent is different, it's more like "slavishly following design patterns" and "writing copy-and-pasted, improperly factored code".

Both are ignorance, but the first is better called "NIH", whereas Joel's is, "writing bad code". It's the "that you wrote" part. No matter what language you write it in, you are going to mess something up. The OpenSSH guys have messed up working a lot smarter and more diligently and with more time than you have.

This is so very true, OpenSSH is probably one of the most secure pieces of software around. It has extremely high value to attackers, yet has had extremely few remote security holes in its lifetime. They've invested years and many talented people in developing such a piece of software.

If you want to write your own ssh server in php, you should probably consider your motivation and how you can re-use their code or operate through it instead if your purpose if anything other than experimentation. MrBuddyCasino on Feb 25, root parent next [—].

You shouldn't be using OpenSSL unless you are an expert in crypto and software development. It's not easy to use and it shouldn't be. I can't say those difficulties he had in using the library were put there on purpose to keep people like him out, but it seems to be a good effect here.

MrBuddyCasino on Feb 26, root parent next [—]. Dang, guess that joke's on me. Wouldn't have realized it, thx for the correction. MrBuddyCasino on Feb 25, root parent prev next [—]. Omg, I nearly missed that: What did I create a ssh server for? I'm not sure "disbelief" is sufficient to describe how I feel right now. Yeah, I'm still trying to figure all that out myself. There was some allusion to needing some kind of database backend for the SSH server, but there are multiple solutions for that now like LDAP.

I'd love to have this guy work for me in a junior role because he can really crank out the code , but all his work would need to be reviewed, and I wouldn't want him to be making architectural decisions on his own.

I can tell you absolutely, without question, that when it comes to security and people's funds, there is nothing courageous about a hacked MVP in production. There's a difference between someone's to-do app one weekend, and this case. If you are handling people's money directly or indirectly, you need to care about that and take it seriously. Or don't ship. If I were going to create a trading platform, I'd probably start with one that only accepted Play Money.

Well when mtgox started off btc was play money, it was always play money until perhaps 12 months ago when it became serious money. Putting on my Lean Startup hat for a sec, I would even say that the M could allow for losing money. Certainly if you make them whole, but probably even without. That said, "flawless accounting" would be very high up on my feature list. I think the failure here isn't launching without perfection; it's operating at scale without perfection.

I've been wondering whether the "M" in "MVP" is for minimum quality, or minimum feature scope. I think minimum feature scope doesn't necessitate poor-quality software, just solutions that don't do everything for everybody. It's much better to ship a small feature set with very high quality, IMO, than a big feature set with low quality. Great thing to wonder about! In the Lean Startup sense, the M is about minimum effort, and the V is about viability with customers.

You're basically playing Battleship trying to discover where those two Venn circles overlap. Different aspects of quality map to both those circles. There's build quality, which relates to the sustainability of the code base.

There, you have to consider both short- and long-term quality. That varies widely by domain by market, and by how far you are along the adopter curve. My general answer is the same as yours: minimal features with highly sustainable code. But for experiments, I think you can get away with terrible code as long as you a throw it away quickly, and b you are on it so even if you have a bad MTBF, your MTTR is really good.

I also think that you can tactically discard certain kinds of user-side quality. But I'd be rigorous about accounting and about UI issues that might lead to mistaken trades. Minimum viability?

He did. It was called Bitcoin. Cute, but they also traded and held USD. Oh, that's easy. The best thing is to use the off-the-shelf SSH server, one that has been written by experts and carefully reviewed by a lot of people.

Or do you mean this as a metaphor for MtGox? In that case, I would say that I would rather miss the window than be the famous asshole who -- oopsie! The problem is less with a minimum viable product, and more with a far-from-viable product, in ways that aren't immediately obvious.

The security FFVP is especially dangerous. Depends on what the product itself is and from which perspective you're asking the question. At any rate, those are almost never the only two choices One way to look at ordering features in early products is as risk reduction. One of the biggest risks is, "nobody gives a fuck", which is why MVPs are so valuable.

It lets you test market hypotheses. But if you're building something handling real money, then a pretty obvious risk is, "The system will lose money beyond our capacity to absorb losses. But given the size of the loss, I don't think we should rule out fraud. The interesting question is, "When did they know they had a problem?

But when they persist over a long period of time in a way that just happens to cover up loss, embezzlement, or theft, then it's worth asking: did they keep the shitty accounting because better accounting would have forced them to admit something they were hoping to cover up? Would you want to fly in a hacked together MVP plane released to production?

A similarly made bike in a park? I wouldn't today, but the wright brothers did, because if they hadn't, someone else would've done it instead. If you wanted to be trail blazers like the wright brothers were, you might have to put up with a hacked together MVP. I m just saying that anyone who lost their money did so knowing the risks or should have known the risks. And still, even 2 weeks ago, tons of people defended MtGox in HN threads, and said how it's a temporary glitch and they are very good exchange and such.

What happened at MtGox? The Collapse of the World’s Largest Bitcoin Exchange

All Threads Previous Back Next. Giulio Prisco. They want to delete the Wikipedia article July 14, , AM. Please share your thoughts on the matter at this article's entry on the Articles for deletion page.

a connection between Google searches, Twitter mentions, and Wikipedia from the discussion site BitcoinTalk on November 29, Over the next six.

Talk:Mt. Gox

Virtual currency systems arguably have positive aspects if they contribute to financial innovation and provide payment alternatives to consumers. However, they also pose risks for users, especially due to the lack of regulation aimed at consumer protection. This eUpdate is the fourth part in a series of eUpdates on bitcoin-related topics and issues. The first part of the series described what bitcoin is. The second part explained the legal status of bitcoin and how it is approached in different countries. The third part analyzed the effects of the Chinese demand on bitcoin, as well as how bitcoin is defined in China. Virtual currencies are embroiled in controversies. They are often associated with being a monetary alternative for illegal activities, as well as with users claiming loss through cyberattacks or fraud. These are but a handful of many other recently reported cases involving virtual currencies.

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bitcointalk mtgox wikipedia

Bitcoin is a decentralized crypto-currency, which is based on the peer-to-peer network, and was introduced by Satoshi Nakamoto in Bitcoin transactions are written by using a scripting language. The hash value of a transaction's script is used to identify the transaction over the network. In February , a Bitcoin exchange company, Mt. Gox, claimed that they had lost hundreds of millions US dollars worth of Bitcoins in an attack known as transaction malleability.

Gox halted withdrawals on 7 February due to insolvency [1] after an apparently undetected theft that had been occurring since Gox would also suspend trading on 24 February.

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The exchange ground to a halt on February 7 when it was announced that all BTC withdrawals from customer accounts were indefinitely suspended. Left in the dark, thousands of Bitcoin owners found their assets frozen as the exchange shut down. The announcement was preceded by months of crippling delays and unfulfilled transfers. However, no one guessed the magnitude of the catastrophe that was about to surface. Each bitcoin transaction has certain metadata, including information on how much is being traded and the identities of the sender and receiver of the coin. However, not all of the metadata is secure.

A Look Back in Time: Bitcoin Price History and Events Timeline

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The very first Bitcoin exchange The site was proposed on the Bitcointalk forum by “dwdollar” on Jan. 15, "On March 17, , went.

The Annals of Bitcoin Twitter

Find centralized, trusted content and collaborate around the technologies you use most. Connect and share knowledge within a single location that is structured and easy to search. I was looking for bid ask data with higher granularity, preferably for more currencies than just btc to usd.

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Gox , called "Mount Gox" or simply "Gox", was the most widely used bitcoin currency exchange market from shortly after its inception in to its insolvency late The market was closed February 25, and has since filed for bankruptcy protection in Japan and the United States, after losing thousand bitcoins. A registrant on Mt. Gox had at least two sub-accounts: one for bitcoins BTC , and one for fiat currency.

One of the areas that interests him the most is t. There isn't just a bubble in the Bitcoin economy, there's a bubble in the number of posts about Bitcoin.

The Collapse of Mt Gox (The Final Goxxing)

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MtGox has become a byword for fraud, pain and loss in the bitcoin community. Since January , a theory has floated around the internet regarding MtGox's turbulent final days: that trading bots were manipulating the price of bitcoin on the exchange. On Jan. The same user later dubbed the bot Willy, and that May a dedicated WordPress blog called the Willy Report laid out the case for "massive fraudulent trading activity at Mt.

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