More importantly, given the repercussions (which will extend well beyond Mt.Gox itself) maybe this is why anything you'd like to use as a currency should be at least somewhat regulated by a stable and relatively trustworthy government.
Of course, that'll be a harder reality for the crypto-anarchist/libertarians to swallow.
That really doesn't have much if anything to do with it. The company changed hands since it's founding and there has been plenty of time to hire appropriate talent. The problem is incompetent management by it's current owner who was not the founder.
Somebody needs to build a plug-in that keeps track of which articles are linkbait. When a user clicks the link and arrives at the misleading article, he/she can downvote the page. Enough downvotes will flag the link as being untrustworthy, saving unsuspecting users from clicking through and generating revenue for the evil association of linkbaiters.
I know that someone recently created a similar extension - Downworthy - to combat the hyperbolic, asinine titles of articles that are designed to go viral, but I disabled it after having portions of useful, informative articles unintentionally disfigured.
> Hello all. We just want to reiterate that this is not a “stop” but a temporary pause so that we can implement a proper fix to the problem. To analogize, not pausing withdrawals would be like trying to fix a car while going 120mph down the highway. The issue merely compounds on itself. This pause is clearly not ideal, but it will lead to a better outcome than doing otherwise. We’re very sorry for the inconvenience.
It would be great if that were true but Mt.Gox has a habit of saying things like this as if they will have the situation resolved shortly and then never following up. Case and point after the seizure of their bank account in the US early last year they put out a press release saying they would update everyone on the situation on such and such a date. They never said anything about it ever again. Now we are here.
Hard to imagine how they can ignore this and survive as a business but their track record of follow though isn't great.
[+] [-] dewey|12 years ago|reply
[+] [-] zacharycohn|12 years ago|reply
[+] [-] georgemcbay|12 years ago|reply
Of course, that'll be a harder reality for the crypto-anarchist/libertarians to swallow.
[+] [-] pmorici|12 years ago|reply
http://en.wikipedia.org/wiki/Mt.Gox
[+] [-] m52go|12 years ago|reply
[+] [-] roymurdock|12 years ago|reply
I know that someone recently created a similar extension - Downworthy - to combat the hyperbolic, asinine titles of articles that are designed to go viral, but I disabled it after having portions of useful, informative articles unintentionally disfigured.
[+] [-] gk1|12 years ago|reply
[+] [-] thorum|12 years ago|reply
[+] [-] ye|12 years ago|reply
http://www.reddit.com/r/Bitcoin/comments/1x91xq/mtgox_announ...
> Hello all. We just want to reiterate that this is not a “stop” but a temporary pause so that we can implement a proper fix to the problem. To analogize, not pausing withdrawals would be like trying to fix a car while going 120mph down the highway. The issue merely compounds on itself. This pause is clearly not ideal, but it will lead to a better outcome than doing otherwise. We’re very sorry for the inconvenience.
[+] [-] pmorici|12 years ago|reply
[+] [-] maxerickson|12 years ago|reply
[+] [-] unknown|12 years ago|reply
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