Mt. Gox: Aufstieg und Fall der ersten Bitcoin-Börse

My protest at MtGox Offices - 5 to 7th February 2014, Tokyo, Japan.

Day 1 – Wednesday 5 February
After repeated and failed attempts to withdraw my BTC from MtGox, I decided to jump on a plane and pay them a visit in Tokyo.
After a 16 hr. flight from Australia I went straight to their offices, arriving at around 4pm. The receptionist in the lobby told me there was no one available to meet me and I should arrange an appointment.
I refused to leave and after about 15 mins or so, the receptionist handed me the telephone to speak with a member of MtGox support. The support person referred me to their website. After a ‘lively’ conversation I told him I wasn’t gong anywhere, I didn’t travel 16 hrs to read a website I could have read at home. I would wait for Mark Karpeles to come down.
Same thing happened 15 mins later, another call, more non-sense about technical issues, and a suggestion the authorities might have to be called. I told him great, I could lodge an official complaint against MtGox while they were here.
After some hours had passed, the building cleared out and the receptionists left for the night. I was alone in the lobby. Then at approximately 8 pm, I was suddenly greeted by Gonzague Gay-Bouchery, Manager Business Development, and Mark Karpeles right hand man.
I recognized him from some news articles. I thought great, and straight away put some burning questions to him:
Q1. What is causing the withdrawal delays?
• Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight.
• This has created problems with government agencies, and also with our banking partners.
• There are also some ongoing investigations, which we cannot talk about.
Q.2 Sure, and this would explain the FIAT delays, but what about the BTC delays; you can’t blame that on anyone else.
• The BTC withdrawal issue is a technical one, and one that has previously affected the MtGox system, our engineers are working hard to resolve the problem.
• As of now, some BTC withdrawals were going through
• For those transactions that remain broken for a week, the balance of BTC will be returned to a customers MtGox account.
Q3. A great way to buy time for a liquidity problem?
• No, it’s a technical issue.
Q4. So why are so many of the input addresses feeding into transactions in the queue coming up empty?
• This is a complex technical issue to which neither of us know the answer
Q5. Try to explain it to me.
• Its technical
Q6. There are over 40,000 BTC in the withdrawal queue, isn’t that the electronic equivalent of a bank run?
• The 40,000 figure is not correct, and the goxreport isn’t accurate.
Q.7 But I actually obtained this data from Delerium’s website who is a gox employee / contractor / associate.
• I will have to look into that.
Q8. Why doesn’t Gox prove they are solvent by transferring a large quantity of BTC between two internal wallets like Mark previously did. Then we can all check it out on the blockchain and be reassured?
• The overwhelming majority of BTC are held in cold storage. Logistically and legally in would be difficult to replicate the transfer “trick” Mark previously employed at Gox to prove their solvency.
Q9. Try me, how hard is it, what exactly is involved?
• Obviously I can’t go into too much detail for security reasons, but it would involve physically obtaining them from 6 or more locations.
Q10. Well, why don’t u do it, isn’t this a critical situation?
• It’s not that straight foreword.
Q11. You do realize no-one believes the technical excuses for the delay in BTC?
• Mt Gox has the coins, it is a technical issue and we need people to be patient.
Q12. What is you view on the poll recently published by Coindesk on Mt Gox?
• Coindesk have a vendetta against MtGox.
Q13. But they one of the most trusted sources of news in the Bitcoin community.
• Some people have it out for Mt Gox.
Q14. How do you explain the vastly different prices that appear on Gox compared with other exchanges? It recently went to 25%.
• Some traders were responsible for the manufacturing the differential in an attempt to financially benefit from arbitrage.
Q15. But people exploiting the arbitrage opportunity would actually reduce the price differential, not widen it.
[I can’t recall receiving a response to this particular point]
Q16. Is MtGox manipulating the price by directly purchasing Bitcoins on their own exchange?
• No, MtGox is not permitted to do this.
[coincidently, almost immediately after this meeting the price on MtGox tanked]
Q17. People have a lot of money tied up in your exchange, and they don’t believe your excuses. All the evidence suggests something more serious going on at gox. You are playing with people’s lives here.
• All the coins are safe; this is merely a technical issue.
When I left the office that night, I wanted to believe that everything was indeed fine, and these were indeed some temporary technical glitches, but this view was somewhat influenced by the fact I still have BTC on their exchange. All the evidence appears to suggest something more serious.
For the record, I gave Gonzague an advance copy of this transcript and offered him the opportunity to have any of his answers amended if he felt I misrepresented him in any way. A member of his support team replied by stating he did not have any comment on my version of the conversation.
Day 2 – Thursday 6 February 2014
I arrived at MtGox early, approximately 8am, and stood outside with a sign reading “MtGox, where has my money gone”. I got some curious looks, and a lot of questions from passersby about my protest.
Then at approximately 9.20 am, Mark Karpeles himself came along carrying a large, and very fancy coffee in his hand that could have passed as a dessert. I immediately confronted him and told him we needed a chat. So he stopped to hear me out.
I told him he was playing with people’s lives, and some people stood to lose their entire savings. Like Gonzague told me the night before, he mentioned technical issues, and that he would look into my case.
Then 20mins later at around 9.40am Gonzague arrived. “Good news” he said, we have sorted out your account, go and check it online. After I got Wi-Fi connection back the hotel I discovered my failed BTC withdrawal transactions had been cancelled and all my BTC were put back in the one place in the world I didn’t want them: The MtGox website. Back to joining the queue of 40,000 other BTCs.
I think this was some sort of ironic joke. I quickly tried to withdraw them again; but surprise, surprise, stuck again.
By late evening, the majority of the other workers in the MtGox building had heard of my protest and were bringing me out sandwiches and beer, and inviting me to lunch. As it turns out, Japan is probably one of the better countries in the world to protest. Everyone is so friendly; I can see why the Goxies choose to set up shop here.
As the evening drew on, it looked like I would have do a late one to catch Mark again on the way out. However, at around 7.30pm, I was approached by a law professor from a local university who has written widely on bitcoin legal issues. He was on his way to a bitcoin “meet-up” and asked me to come along to tell my story to the other bitcoin enthusiasts. I was reluctant to leave the protest but was interested in what other Tokyo resident’s thought of MtGox.
When I arrived, everyone was very interested in hearing my story. There was a general consensus amongst the participants that MtGox was finished as an exchange. They acknowledged that MtGox had played an important role in propelling Bitcoin to what it is today, but its decline and ultimate closure was inevitable.
However, there was some divergent views on the reason for this, most people, including myself are of the view that bad business decisions and incompetence were primarily to blame, while others held the view that government restriction, and secret investigations were hampering MtGox’s ability to function efficiently. Who knows what the truth is, maybe it is a bit of both.
At the end of the day 2, there was a very worrying development, the data feed for the goxreport, and delerium’s MtGox transaction failure website were cut. Perhaps a final act of MtGox’s desperation to hide the truth.
Day 3 – Friday 7 February
I started my protest a little later today in the knowledge that most of the Goxies don’t start work until after 9am. Then there was an unexpected twist; another person showed up looking for Mark. He was an emissary of an early adopter and well known member of the bitcoin community, and was there to collect an eye watering amount of money.
My emotions were mixed on seeing this person; on one hand I was glad to see another protester to fight the good cause. On the other hand, my heart sank in the knowledge that if Mark isn’t paying off his old friends in the bitcoin community then what chance do small fry like me have?
As the emissary and I chatted, Mark Karpeles arrived, and we both confronted him, the conversation went on for some time and most of it conducted in French which I had trouble understanding. However I did mange to record the whole thing on video.
The episode only came to a halt when Gonzague appeared in the lobby and rescued Mark. Very soon after this point, MtGox released a statement announcing that all BTC withdrawals were suspended.
In conclusion, I think i just witnessed MtGox die today. I didn’t get my bitcoin, but glad I came and tried.
submitted by CoinSearcher to Bitcoin [link] [comments]

Trying to get 40,000 BTC out of the MtGOX exchange... and failing.

Day 1 – Wednesday 5 February
After repeated and failed attempts to withdraw my BTC from MtGox, I decided to jump on a plane and pay them a visit in Tokyo.
After a 16 hr. flight from Australia I went straight to their offices, arriving at around 4pm. The receptionist in the lobby told me there was no one available to meet me and I should arrange an appointment.
I refused to leave and after about 15 mins or so, the receptionist handed me the telephone to speak with a member of MtGox support. The support person referred me to their website. After a ‘lively’ conversation I told him I wasn’t gong anywhere, I didn’t travel 16 hrs to read a website I could have read at home. I would wait for Mark Karpeles to come down.
Same thing happened 15 mins later, another call, more non-sense about technical issues, and a suggestion the authorities might have to be called. I told him great, I could lodge an official complaint against MtGox while they were here.
After some hours had passed, the building cleared out and the receptionists left for the night. I was alone in the lobby. Then at approximately 8 pm, I was suddenly greeted by Gonzague Gay-Bouchery, Manager Business Development, and Mark Karpeles right hand man.
I recognized him from some news articles. I thought great, and straight away put some burning questions to him:
Q1. What is causing the withdrawal delays?
• Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight.
• This has created problems with government agencies, and also with our banking partners.
• There are also some ongoing investigations, which we cannot talk about.
Q.2 Sure, and this would explain the FIAT delays, but what about the BTC delays; you can’t blame that on anyone else.
• The BTC withdrawal issue is a technical one, and one that has previously affected the MtGox system, our engineers are working hard to resolve the problem.
• As of now, some BTC withdrawals were going through
• For those transactions that remain broken for a week, the balance of BTC will be returned to a customers MtGox account.
Q3. A great way to buy time for a liquidity problem?
• No, it’s a technical issue.
Q4. So why are so many of the input addresses feeding into transactions in the queue coming up empty?
• This is a complex technical issue to which neither of us know the answer
Q5. Try to explain it to me.
• Its technical
Q6. There are over 40,000 BTC in the withdrawal queue, isn’t that the electronic equivalent of a bank run?
• The 40,000 figure is not correct, and the goxreport isn’t accurate.
Q.7 But I actually obtained this data from Delerium’s website who is a gox employee / contractor / associate.
• I will have to look into that.
Q8. Why doesn’t Gox prove they are solvent by transferring a large quantity of BTC between two internal wallets like Mark previously did. Then we can all check it out on the blockchain and be reassured?
• The overwhelming majority of BTC are held in cold storage. Logistically and legally in would be difficult to replicate the transfer “trick” Mark previously employed at Gox to prove their solvency.
Q9. Try me, how hard is it, what exactly is involved?
• Obviously I can’t go into too much detail for security reasons, but it would involve physically obtaining them from 6 or more locations.
Q10. Well, why don’t u do it, isn’t this a critical situation?
• It’s not that straight foreword.
Q11. You do realize no-one believes the technical excuses for the delay in BTC?
• Mt Gox has the coins, it is a technical issue and we need people to be patient.
Q12. What is you view on the poll recently published by Coindesk on Mt Gox?
• Coindesk have a vendetta against MtGox.
Q13. But they one of the most trusted sources of news in the Bitcoin community.
• Some people have it out for Mt Gox.
Q14. How do you explain the vastly different prices that appear on Gox compared with other exchanges? It recently went to 25%.
• Some traders were responsible for the manufacturing the differential in an attempt to financially benefit from arbitrage.
Q15. But people exploiting the arbitrage opportunity would actually reduce the price differential, not widen it.
[I can’t recall receiving a response to this particular point]
Q16. Is MtGox manipulating the price by directly purchasing Bitcoins on their own exchange?
• No, MtGox is not permitted to do this.
[coincidently, almost immediately after this meeting the price on MtGox tanked]
Q17. People have a lot of money tied up in your exchange, and they don’t believe your excuses. All the evidence suggests something more serious going on at gox. You are playing with people’s lives here.
• All the coins are safe; this is merely a technical issue.
When I left the office that night, I wanted to believe that everything was indeed fine, and these were indeed some temporary technical glitches, but this view was somewhat influenced by the fact I still have BTC on their exchange. All the evidence appears to suggest something more serious.
For the record, I gave Gonzague an advance copy of this transcript and offered him the opportunity to have any of his answers amended if he felt I misrepresented him in any way. A member of his support team replied by stating he did not have any comment on my version of the conversation.
Day 2 – Thursday 6 February 2014
I arrived at MtGox early, approximately 8am, and stood outside with a sign reading “MtGox, where has my money gone”. I got some curious looks, and a lot of questions from passersby about my protest.
Then at approximately 9.20 am, Mark Karpeles himself came along carrying a large, and very fancy coffee in his hand that could have passed as a dessert. I immediately confronted him and told him we needed a chat. So he stopped to hear me out.
I told him he was playing with people’s lives, and some people stood to lose their entire savings. Like Gonzague told me the night before, he mentioned technical issues, and that he would look into my case.
Then 20mins later at around 9.40am Gonzague arrived. “Good news” he said, we have sorted out your account, go and check it online. After I got Wi-Fi connection back the hotel I discovered my failed BTC withdrawal transactions had been cancelled and all my BTC were put back in the one place in the world I didn’t want them: The MtGox website. Back to joining the queue of 40,000 other BTCs.
I think this was some sort of ironic joke. I quickly tried to withdraw them again; but surprise, surprise, stuck again.
By late evening, the majority of the other workers in the MtGox building had heard of my protest and were bringing me out sandwiches and beer, and inviting me to lunch. As it turns out, Japan is probably one of the better countries in the world to protest. Everyone is so friendly; I can see why the Goxies choose to set up shop here.
As the evening drew on, it looked like I would have do a late one to catch Mark again on the way out. However, at around 7.30pm, I was approached by a law professor from a local university who has written widely on bitcoin legal issues. He was on his way to a bitcoin “meet-up” and asked me to come along to tell my story to the other bitcoin enthusiasts. I was reluctant to leave the protest but was interested in what other Tokyo resident’s thought of MtGox.
When I arrived, everyone was very interested in hearing my story. There was a general consensus amongst the participants that MtGox was finished as an exchange. They acknowledged that MtGox had played an important role in propelling Bitcoin to what it is today, but its decline and ultimate closure was inevitable.
However, there was some divergent views on the reason for this, most people, including myself are of the view that bad business decisions and incompetence were primarily to blame, while others held the view that government restriction, and secret investigations were hampering MtGox’s ability to function efficiently. Who knows what the truth is, maybe it is a bit of both.
At the end of the day 2, there was a very worrying development, the data feed for the goxreport, and delerium’s MtGox transaction failure website were cut. Perhaps a final act of MtGox’s desperation to hide the truth.
Day 3 – Friday 7 February
I started my protest a little later today in the knowledge that most of the Goxies don’t start work until after 9am. Then there was an unexpected twist; another person showed up looking for Mark. He was an emissary of an early adopter and well known member of the bitcoin community, and was there to collect an eye watering amount of money.
My emotions were mixed on seeing this person; on one hand I was glad to see another protester to fight the good cause. On the other hand, my heart sank in the knowledge that if Mark isn’t paying off his old friends in the bitcoin community then what chance do small fry like me have?
As the emissary and I chatted, Mark Karpeles arrived, and we both confronted him, the conversation went on for some time and most of it conducted in French which I had trouble understanding. However I did mange to record the whole thing on video.
The episode only came to a halt when Gonzague appeared in the lobby and rescued Mark. Very soon after this point, MtGox released a statement announcing that all BTC withdrawals were suspended.
In conclusion, I think i just witnessed MtGox die today. I didn’t get my bitcoin, but glad I came and tried.
submitted by kkodaxeroo to Bitcoin [link] [comments]

The CEO of MT.Gox, on of the largest Bitcoin exchanges, resigns from Bitcoin foundation. Tune it to see whether this is good news or not.

Ok, IT'S ACTUALLY GOOD NEWS.
To provide a little background, anyone following Bitcoin has probably heard about the problems Mt.Gox has been having with their site. Several days ago they halted all transactions. Apparently there is a problem with their code, but Mt.Gox has blamed problems in the Bitcoin protocol. This has led to some pretty hilarious protests.
Last night it was announced that the CEO of Mt.Gox is resigning from the Bitcoin foundation. Many suspect this is going to precede some bad news about Mt.Gox. It's 8:30am EST so that news might be coming soon.
Anyway, let's see what Reddit's reaction to this is:
This is actually good news. I applaud Mark and the MtGox team for making the right decision as I had to do the same. Speaking very lengthy to Mark and the team over the weekend, I see good news on the horizon for people who have funds stuck in MtGox (I also have funds in MtGox stuck) - Charlie +161
Last night I saw this thread and I left it open to maybe write a CB post this morning. At the time, several of the top posts were people saying "this is actually good news!" sarcastically. I was wondering if /bitcoin was becoming a little self aware! Well, I guess not, the 2nd top post is a genuine "this is actually good news" post.
What's also notable is that this post is from Charlie Shrem, who was recently arrested for being involved with Silk Road. He's also the "bitcoin gonna topple gubmits revolution is coming" types.
This is actually good news +61
In all seriousness, it is ... Remember: Bitcoin is a honey badger. This will not kill Bitcoin, it will make it stronger. The demise of poorly run institutions such as Gox will have a negative short term effect upon the economy, but such Darwinism will be good for us in the long term. +30
There's the sarcastic post I was talking about. What's notable is that the top reply to it is serious.
Once again, who had the bad news before the rest of us? Who knew to dump? +28
Inside trader worries are floating around. It's fun to watch Bitcoin invent financial regulation piece by piece, as they discover what each piece is for.
Thanks to everyone who signed the petition. Really pleased with the result today.
WE DID IT REDDIT!
The drama from this is spilling into different posts. Here's one about them deleting their tweets
How will MtGox removing a few thousand "Dear Customer blah blah" tweets in any way whatsoever help their legal defence?
...Someone in that cluster fck of a company said to underlings "SHRED IT, SHRED IT ALL!!! AND DELETE ALL THOSE FCKING TWEETS!" Or something like that, we don't know. We do know, however, that the tweets are gone. And I can think of very very few legit reasons to issue that order. So yeah, it raises some eyebrows. It's not sensationalism, it's deductive reasoning. It might be wrong, but you can bet there is some reason we are not aware of that they did this.
le genius redditor using le deductive reasoning :o)
I wonder if he considered that deleting tweets as an effort to get rid of evidence would be laughable, since it's pretty certain that twitter retains a copy that could be subpoenaed. Or, you know, since it's been publicly displayed it has certainly been archived elsewhere. And that plenty of users probably retweeted them...
Makes me think that they deleted the tweets to make it more difficult for anybody to mount a legal case against them when this shit hits the fan. By removing the public tweets, the only way to get them is by a court ordered request to twitter which takes time and resources. Time that Gox can use to build a defence or flee. This move was probably done on advice from a lawyer.
Bad law is all over this thread
They're absolute masters at market manipulation, just see the mad panic sells and buys every time Gox farts.
This is actually just an epic ruse to manipulate the market even further!
It'll be ok... unless you are so overexposed that short term price shocks can hurt you. (or if you had all your coins in MtGox... which is really silly). I feel like a war-torn veteran.
Since bitcoin is going to the moon in the longterm, this doesn't really matter.
Has anybody saved their tweets and public statements?
nsa did.
yawn
The is the WSJ article from the first post that was pirated
WSJ: TAKE BITCOIN ON YOUR PAYWALL!
Just google the first few lines - the resulting link has no paywall. [Gilded]
Guess it cool to steal WSJ articles because they don't take magic internet money.
This is good news. Less duty in the foundation allows for focusing on Mt.Gox - like Roger Ver said.
:)))
This is actually bad news. MTGox withdrawing from the bitcoin community? -11
How is this bad news? All they have done is shit on the Bitcoin protocol for weeks, and I can't think of any good they have done. +6
LOL, Jesus Christ /bitcoin. Anyone that thinks a piece of bad news is actually bad news gets downvoted into the fucking dirt. POSITIVE INTERPRETATIONS OF BITCOIN NEWS ONLY!
That's about it for now. Some big Mt.Gox news is sure to break soon. It's going to be catastrophic, so GOOD NEWS!
submitted by ONE_GUY_ONE_JAR to circlebroke [link] [comments]

Some light on the horizon for Gox

I've been watching the mtgox transaction stream for the last hour (https://data.mtgox.com/api/0/bitcoin_tx.php) and it seems transactions are going through. You can check for yourself, download a copy of the output on that link, check again 10-15 minutes later and you'll see that some transactions are missing. If you enter the missing transaction IDs on the blockchain, you can see they went through. Here are some I found:
https://blockchain.info/ntxid/2bf78fb8e8765ee8dc1224e74739f60c1a3e50515a41792fc6862aeeb95ab568 https://blockchain.info/ntxid/ad86f98e259314cf53eb242c18d92cc7aefcc73f36d824bfe96ca8ec0dd51317 https://blockchain.info/ntxid/057457615c3f1bd9adee741265e11b08041f0fdf768fb40000ad3dc7c0da4e80
Add to that the reports that some users have received their $5k - $10k withdrawals initiated in early January, I'd say that thing are looking up :-)
Edit: Proof part #1:
As idlestabilizer pointed out, the status of a transaction may be queried using the mtgox api like this: https://data.mtgox.com/api/1/generic/bitcoin/tx_details?hash=6a88f7d50024f6e1d27c803b0df5324d44c1889bcce7557b1f13c50712a1812b As you can verify on blockchain.info, hash "6a88f7d50024f6e1d27c803b0df5324d44c1889bcce7557b1f13c50712a1812b" belongs to transaction id with ntxid 2bf78fb8e8765ee8dc1224e74739f60c1a3e50515a41792fc6862aeeb95ab568, using the URL https://blockchain.info/ntxid/2bf78fb8e8765ee8dc1224e74739f60c1a3e50515a41792fc6862aeeb95ab568 .
This proves that this transaction is 1) confirmed and 2) originated from mtgox.
Update: as I just found out, this API URL returns info for all valid TX hashes (though a little delayed), not just the ones originating from mtgox. So, still waiting for one of the transactions to confirm which I uploaded into this pastebin (see below). New transactions have been added on the tx feed, this implies they are making progress on their announcement of testing their withdrawal queue. Some of those queued transactions have been confirmed, but, none of them have confirmed yet since my post. I'll update here as soon as that happens.
Request: Kometes_ kindly suggested this might show activity of internal withdrawals due to Bitcoinbuilder. Can anyone with a verified mtgox and bitcoinbuilder account please step forward to test this? :-) (If you have bought goxbtc, could you verify + post proof that there was a deposit on your mtgox deposit address as a result?). It seems an interesting theory to pursue, but I'm not sure what the outcome would be. Do internal balance changes actually show up on the block chain, or are these handled internally by mtgox' ledgers?
Update on request: two users have indicated bitcoinbuilder transactions do not show up on the block chain. Also, Ancercopes says bitcoinbuilder transactions occur at a different time and are executed manually.
Edit: Proof part #2:
Confirmed withdrawal is confirmed :-) In this pastebin I posted earlier as preparation for hard proof, this transaction was included, and that transaction is now gone from the mtgox tx feed, but it's sitting on the block chain as confirmed!
Edit: Proof part #3:
And another one just came through from the most recent pastebin: https://blockchain.info/ntxid/702e8e986d98267a8a11582311f0972aa742be001f41ccccc442a3d8122a1b7b
Edit: And another one https://blockchain.info/ntxid/e2d43be866549b424324d01f0ff17bd739d9d17dfea12b1b50393941b396c1c5
Edit: Please find nuance in Bitcoin core dev's thread http://www.reddit.com/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/cflxc0t .
Edit: Some more nuance: as nullc indicated, mtgox is still authoring transactions which will not be relayed by other nodes, but will confirm eventually with high probability. These transactions are not malformed, but generally frowned upon by the network because they contain immature coins. This is a known problem at mtgox. What we're seeing now is that there are also new (possibly test) withdrawals which did not get stuck. And at least fiat withdrawals still seem to be flowing out of mtgox. This is not a complete solution yet, but it is shred of hope as far as I'm concerned.
submitted by bcn00b to Bitcoin [link] [comments]

Let's get to the bottom of the alleged iOs ban

I'm curious to learn the real story behind the alleged Apple bitcoin ban.
Jon Matonis from Forbes wrote an article a year ago, which I think is a bit speculative. But more importantly it's not actionable. Just waiting for Apple to change their mind once Bitcoin becomes mainstream is boring. :-)
The Blockchain app update message from March 13 2012 (version 1.9) says "Removed wallet functionality". But now it seems the wallets are still there. Did they sneakily or accidentally reintroduce them? They also have a Cydia version for jail broken devices. From the source code it seems that it enables the "deposit" button and also tells the server that it's running Cydia so it can present different functionality.
Another wallet app was BitPak. It disappeared from the store and the author has moved on to other things.
In both cases they were rejected because Apple wasn't sure if it complied with all regulations in all countries. According to the author of BitPak, Apple refused to specify which regulations in which countries might be violated. It must be great when you have the power to decide who has the burden of proof :-(
MtGox has an Android client and refers users to Cydia to run their iPhone client on a jail broken device (which is a bad idea if you care about security). I don't know if they've attempted to go through the Apple review process, if they got rejected and if and how hard they tried to appeal.
The Coinbase iPhone app does not support payments. Again it's unclear if they tried and got rejected for the same reason.
Are there any other (would be) iOs apps that allow payments? I'm not talking about web apps.
It would great to get some clarity on this issue, in particular: * know if all 4 apps were rejected for the same reason and have at least tried to appeal the decision (and the relevant dates) * ask Apple if they are willing to specify which countries and which regulations they are worried about. At the very least get them to name 1 country and 1 regulation and a promise that they'll keep feeding us other regulations that they are worried about if we deal with that specific one. * compile our own list of potential legal issues, ideally supported by referring to any known (threat of) legal action that has taken place on Android
Coinbase, MtGox and Blockchain all have more functionality in their apps than just payment. If they push this issue further, it will at the very least delay their ability to ship regular updates for those features. This is because you can not ship another update to your app if you are in the middle of an appeal process.
A good way to tackle this issue is to try and submit a new Bitcoin wallet app with the all-or-nothing goal of getting the app approved with payment functionality included. I'm interested in doing that, but for the moment I don't have time to build it from scratch.
I'm based in The Netherlands, so after an initial rejection the first thing I might try is to release it in the Dutch App Store only, since I understand that legal system a lot better than the US and Apple knows that the Dutch government is unlikely to fine Apple without warning.
submitted by provoost to Bitcoin [link] [comments]

Dekker3D's neural network project: post #2

Hey all, I said I'd post more once I have my neural network verifying its output to protect against overfitting. That is what I have just achieved... or think I have. It's always possible there's still a bug in there somewhere.
Amusingly enough, after starting from a blank slate with the training/verification data split (2 chunks of training data for every 1 chunk of verification data, with each chunk being 30 1-hour candles), my network reported doing 49% better (annually) than buy-and-hold in training, and 67% better in verification, in only 40 generations of NEAT training.
I also said I'd share a few details that I'm comfortable sharing. I'll basically stick to stuff that's been tried-and-true. I do have one idea that's new, which I'm not willing to share right now.
My network works on 1-hour candles, based on BitFinex and Mtgox data (to cover btc/usd for most of Bitcoin's history). I do not sanitize my data beyond simply tossing out candles where I simply have no adequate data... candles where no transactions took place for a full hour would trigger this safeguard for the moment both before the hour starts, and after it ends.
Much like http://tradelight.eu/, I chose to feed my network an identical set of indicators over many timescales. Right now, it's getting closing-price, volume, MA10, MA21, and MA10-minus-MA21 for the timescales 1h, 2h, 4h, 6h, 12h, 1d, 3d, 1w. All of this data is normalized to the average closing price and volume of the past 24 1-hour candles.
The network has two outputs, one for dollars and one for crypto. I simply multiply them until the total of the two is equal to 100%, and then I simulate what this split would do for that hour. I've implemented a 0.3% fee for each transaction, which is generous as there's no slippage or spread simulated yet.
While writing this, my network got to generation 93, with 65% annual profits over buy-and-hold in training and 83% in verification. I guess the verification set simply covers moments where it's easier to make a profit, but I'm going to look into this. Either way, anyone capable of programming a neural network should be able to duplicate this work easily and find out whether I'm full of shit or not. That said, I do think I got lucky with the initial, randomized network for this particular attempt.
Edit 1: after 1094 generations, about an afternoon of training on a Ryzen 5 1600X, the network stalled out on a score of 4.042733 on the training set and 2.102874 on the verification set. Looks like it's a case of 4.04: further progress not found. That's about 110% annual profits on top of buy-and-hold, on the verification set. Fairly proud. Time to add some more indicators and see what it gets the next time, after backing all this up safely.
Edit 2: for those who were wondering: I consider https://www.reddit.com/BitcoinMarkets/comments/6nyenx/daily_discussion_tuesday_july_18_2017/dkdebhp/ to be post #1.
submitted by Dekker3D to BitcoinMarkets [link] [comments]

Suggest a mobile app you use related to bitcoin.

If you're looking for a good "market watch" app, look at "zero block" (iOS). It takes a little getting used to, but it allows you to instantly compare btcchina, mtgox, bitstamp, coinbase, and one other one maybe. It also features a rolling news feed from customizable BTC websites, including /bitcoin. I have no affiliation with this app at all. I do really like it though, and think others will too.
submitted by ISayWhatEvery1Thinks to Bitcoin [link] [comments]

Subreddit Stats: Bitcoin top posts from 2011-03-22 to 2013-04-10 14:21 PDT

Submissions % Comments %
Total 1000 71886
Unique Redditors 665 10259
Upvotes 195068 83% 417542 79%
Downvotes 39590 17% 110640 21%

Top Submitters' Top Submissions

  1. 7641 pts, 60 submissions: waspoza
    1. Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE (400 pts, 120 comments)
    2. After employees opt to be paid in Bitcoin, the Internet Archive asks for donations in the digital currency (329 pts, 62 comments)
    3. Al Gore at PYMNTS Innovation Project 2013: "I'm a big fan of BitCoin." (306 pts, 194 comments)
    4. Bitcoin ATM Founder: We Already Have Orders From 30+ Countries (303 pts, 59 comments)
    5. Bitcoin rises - Opinion - Al Jazeera English (253 pts, 55 comments)
  2. 4153 pts, 25 submissions: Julian702
    1. Cartoon: Control of Bitcoin (1144 pts, 164 comments)
    2. Reddit Considering Accepting Bitcoin as Payment for Subscriptions (328 pts, 40 comments)
    3. Las Vegas Property Management Company accepts Bitcoin For Payment Of Rent (~100 physical properties) (213 pts, 25 comments)
    4. Bitcoin Store : Removed $1000 limit, Grand Opening : Hundreds of thousands of products available for purchase and they ONLY accept Bitcoin (166 pts, 108 comments)
    5. Roger Ver: A Bitcoin Bad Ass (163 pts, 47 comments)
  3. 2124 pts, 7 submissions: DanielTaylor
    1. For the love of Bitcoin, Stop mining at BTC Guild! - They'll control the network if they reach +50% (998 pts, 340 comments)
    2. PSA to new users due to reddit gold announcement: This is how Bitcoin works [Guide] (285 pts, 137 comments)
    3. Merchants are the real Bitcoin "stars" an of utmost importance (278 pts, 120 comments)
    4. Now that it's over: The blockchain FORK explained for regular users. ELI5 Style! (215 pts, 95 comments)
    5. Important: Bitcoin users must decide on a new Transaction Fee (141 pts, 200 comments)
  4. 1616 pts, 4 submissions: SeansOutpost
    1. Meanwhile...Bitcoin still feeds people. (1094 pts, 168 comments)
    2. Bitcoin did this. Thank you so much. (279 pts, 55 comments)
    3. A Doctor Visit for 0.36 Bitcoins (151 pts, 84 comments)
    4. Today, Bitcoin FED 43 Homeless People (92 pts, 13 comments)
  5. 1543 pts, 1 submissions: rbitcoin-bot
    1. I'm /Bitcoin's new AutoModerator bot (1543 pts, 123 comments)
  6. 1533 pts, 1 submissions: tuzki
    1. My wife said this to me today (1533 pts, 318 comments)
  7. 1403 pts, 9 submissions: DTanner
    1. Bitcoin just broke the all-time high of 31.9099 (384 pts, 109 comments)
    2. "[Bitcoin] is an online form of money laundering used to disguise the source of money" -US Senator Charles Schumer. Shit just got real. (215 pts, 150 comments)
    3. The Economist covers Bitcoin: "Bits and bob" (205 pts, 49 comments)
    4. WikiLeaks endorses Bitcoin! (And Namecoin) (126 pts, 43 comments)
    5. Jeff Garzik (Bitcoin developer) responds to Adam Coen's "No. Bitcoin is a ludicrously bad idea. It is a scam. A Scam." (114 pts, 52 comments)
  8. 1271 pts, 5 submissions: m1nute
    1. ONE HUNDRED DOLLARS! (1/4/13 @ 1506 GMT) (844 pts, 437 comments)
    2. IT'S OVER $90.00! (128 pts, 243 comments)
    3. The Mt.Gox Verification Queue: 14,180 Users! (107 pts, 98 comments)
    4. DEFCAD.com Bitcoin Fundraiser (102 pts, 92 comments)
    5. Once @ $100 - Let's do a Press Release (90 pts, 74 comments)
  9. 1258 pts, 2 submissions: pierenjan
    1. OkCupid, one of the biggest dating sites just (manually) accepted Bitcoin! (796 pts, 141 comments)
    2. Important deadline: You must upgrade to 0.8.1 before 15 May 2013. (462 pts, 127 comments)
  10. 1235 pts, 9 submissions: ThePiachu
    1. A public service announcement to all newcomers about the changes in price of Bitcoin (299 pts, 126 comments)
    2. Valve wants to develop "a single currency across formats and countries" - potential space for Bitcoin? (160 pts, 166 comments)
    3. Indie dev hit hard by stolen credit card chargebacks through Humble Bundle Store. You think we should tell HB / Unknown Worlds that Bitcoin offers no chargebacks? (160 pts, 63 comments)
    4. You know who should start taking Bitcoin donations? TrueCrypt. Lets suggest it to them! (129 pts, 40 comments)
    5. This saddens me - I am running a free TestNet faucet that gives out coins to anyone and someone drains it and tries selling them for 0.1mBTC a piece (113 pts, 62 comments)

Top Commenters

  1. Anenome5 (2231 pts, 553 comments)
  2. Julian702 (2229 pts, 441 comments)
  3. bitcointip (2205 pts, 756 comments)
  4. ferroh (1777 pts, 381 comments)
  5. GSpotAssassin (1529 pts, 228 comments)
  6. throwaway-o (1497 pts, 428 comments)
  7. hardleft121 (1470 pts, 210 comments)
  8. TerinHD (1426 pts, 4 comments)
  9. Amanojack (1360 pts, 239 comments)
  10. anon_bitcoin_gambler (1283 pts, 52 comments)

Top Submissions

  1. I'm /Bitcoin's new AutoModerator bot by rbitcoin-bot (1543 pts, 123 comments)
  2. My wife said this to me today by tuzki (1533 pts, 318 comments)
  3. Cartoon: Control of Bitcoin by Julian702 (1144 pts, 164 comments)
  4. Meanwhile...Bitcoin still feeds people. by SeansOutpost (1094 pts, 168 comments)
  5. For the love of Bitcoin, Stop mining at BTC Guild! - They'll control the network if they reach +50% by DanielTaylor (998 pts, 340 comments)

Top Comments

  1. 1358 pts: TerinHD's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  2. 834 pts: anon_bitcoin_gambler's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  3. 806 pts: HarshlyThrownAway's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  4. 495 pts: aSimpleMan's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  5. 491 pts: phattsao's comment in HOLD SPARTANS!
Generated with BBoe's Subreddit Stats SRS Marker: 1365628860.0
submitted by phloating_man to Bitcoin [link] [comments]

[DE] Bitcoinupdate 31: der beste deutsche Bitcoin Podcast

Bitcoinupdate 31 - der beste deutsche Bitcoin Podcast liefert euch die wöchentlichen News!
Um uns zu hören, schaut auf http://bitcoinupdate.com/index.php?id=21 oder abboniert unseren RSS Feed! Diesmal Liveaufnahme im Metalab. Lautstärke top, Nebengeräusche gibts diesmal jedoch gratis dazu ;) Andreas+Andreas sprechen mit Ralf alias Trepex aus Deutschland als Gast über folgende Themen:
Feedback jeglicher Art bitte an [email protected]
submitted by phatsphere to Bitcoin [link] [comments]

Bitcoinupdate 31 - der beste deutsche Bitcoin Podcast liefert euch die wöchentlichen News!

Bitcoinupdate 31 - der beste deutsche Bitcoin Podcast liefert euch die wöchentlichen News!
Um uns zu hören, schaut auf http://bitcoinupdate.com/index.php?id=21 oder abboniert unseren RSS Feed! Diesmal Liveaufnahme im Metalab. Lautstärke top, Nebengeräusche gibts diesmal jedoch gratis dazu ;) Andreas+Andreas sprechen mit Ralf alias Trepex aus Deutschland als Gast über folgende Themen:
Feedback jeglicher Art bitte an [email protected]
submitted by phatsphere to BitcoinDE [link] [comments]

Subreddit Stats: Bitcoin top posts from 2011-03-22 to 2013-04-10 14:21 PDT

Submissions % Comments %
Total 1000 71886
Unique Redditors 665 10259
Upvotes 195068 83% 417542 79%
Downvotes 39590 17% 110640 21%

Top Submitters' Top Submissions

  1. 7641 pts, 60 submissions: waspoza
    1. Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE (400 pts, 120 comments)
    2. After employees opt to be paid in Bitcoin, the Internet Archive asks for donations in the digital currency (329 pts, 62 comments)
    3. Al Gore at PYMNTS Innovation Project 2013: "I'm a big fan of BitCoin." (306 pts, 194 comments)
    4. Bitcoin ATM Founder: We Already Have Orders From 30+ Countries (303 pts, 59 comments)
    5. Bitcoin rises - Opinion - Al Jazeera English (253 pts, 55 comments)
  2. 4153 pts, 25 submissions: Julian702
    1. Cartoon: Control of Bitcoin (1144 pts, 164 comments)
    2. Reddit Considering Accepting Bitcoin as Payment for Subscriptions (328 pts, 40 comments)
    3. Las Vegas Property Management Company accepts Bitcoin For Payment Of Rent (~100 physical properties) (213 pts, 25 comments)
    4. Bitcoin Store : Removed $1000 limit, Grand Opening : Hundreds of thousands of products available for purchase and they ONLY accept Bitcoin (166 pts, 108 comments)
    5. Roger Ver: A Bitcoin Bad Ass (163 pts, 47 comments)
  3. 2124 pts, 7 submissions: DanielTaylor
    1. For the love of Bitcoin, Stop mining at BTC Guild! - They'll control the network if they reach +50% (998 pts, 340 comments)
    2. PSA to new users due to reddit gold announcement: This is how Bitcoin works [Guide] (285 pts, 137 comments)
    3. Merchants are the real Bitcoin "stars" an of utmost importance (278 pts, 120 comments)
    4. Now that it's over: The blockchain FORK explained for regular users. ELI5 Style! (215 pts, 95 comments)
    5. Important: Bitcoin users must decide on a new Transaction Fee (141 pts, 200 comments)
  4. 1616 pts, 4 submissions: SeansOutpost
    1. Meanwhile...Bitcoin still feeds people. (1094 pts, 168 comments)
    2. Bitcoin did this. Thank you so much. (279 pts, 55 comments)
    3. A Doctor Visit for 0.36 Bitcoins (151 pts, 84 comments)
    4. Today, Bitcoin FED 43 Homeless People (92 pts, 13 comments)
  5. 1543 pts, 1 submissions: rbitcoin-bot
    1. I'm /Bitcoin's new AutoModerator bot (1543 pts, 123 comments)
  6. 1533 pts, 1 submissions: tuzki
    1. My wife said this to me today (1533 pts, 318 comments)
  7. 1403 pts, 9 submissions: DTanner
    1. Bitcoin just broke the all-time high of 31.9099 (384 pts, 109 comments)
    2. "[Bitcoin] is an online form of money laundering used to disguise the source of money" -US Senator Charles Schumer. Shit just got real. (215 pts, 150 comments)
    3. The Economist covers Bitcoin: "Bits and bob" (205 pts, 49 comments)
    4. WikiLeaks endorses Bitcoin! (And Namecoin) (126 pts, 43 comments)
    5. Jeff Garzik (Bitcoin developer) responds to Adam Coen's "No. Bitcoin is a ludicrously bad idea. It is a scam. A Scam." (114 pts, 52 comments)
  8. 1271 pts, 5 submissions: m1nute
    1. ONE HUNDRED DOLLARS! (1/4/13 @ 1506 GMT) (844 pts, 437 comments)
    2. IT'S OVER $90.00! (128 pts, 243 comments)
    3. The Mt.Gox Verification Queue: 14,180 Users! (107 pts, 98 comments)
    4. DEFCAD.com Bitcoin Fundraiser (102 pts, 92 comments)
    5. Once @ $100 - Let's do a Press Release (90 pts, 74 comments)
  9. 1258 pts, 2 submissions: pierenjan
    1. OkCupid, one of the biggest dating sites just (manually) accepted Bitcoin! (796 pts, 141 comments)
    2. Important deadline: You must upgrade to 0.8.1 before 15 May 2013. (462 pts, 127 comments)
  10. 1235 pts, 9 submissions: ThePiachu
    1. A public service announcement to all newcomers about the changes in price of Bitcoin (299 pts, 126 comments)
    2. Valve wants to develop "a single currency across formats and countries" - potential space for Bitcoin? (160 pts, 166 comments)
    3. Indie dev hit hard by stolen credit card chargebacks through Humble Bundle Store. You think we should tell HB / Unknown Worlds that Bitcoin offers no chargebacks? (160 pts, 63 comments)
    4. You know who should start taking Bitcoin donations? TrueCrypt. Lets suggest it to them! (129 pts, 40 comments)
    5. This saddens me - I am running a free TestNet faucet that gives out coins to anyone and someone drains it and tries selling them for 0.1mBTC a piece (113 pts, 62 comments)

Top Commenters

  1. Anenome5 (2231 pts, 553 comments)
  2. Julian702 (2229 pts, 441 comments)
  3. bitcointip (2205 pts, 756 comments)
  4. ferroh (1777 pts, 381 comments)
  5. GSpotAssassin (1529 pts, 228 comments)
  6. throwaway-o (1497 pts, 428 comments)
  7. hardleft121 (1470 pts, 210 comments)
  8. TerinHD (1426 pts, 4 comments)
  9. Amanojack (1360 pts, 239 comments)
  10. anon_bitcoin_gambler (1283 pts, 52 comments)

Top Submissions

  1. I'm /Bitcoin's new AutoModerator bot by rbitcoin-bot (1543 pts, 123 comments)
  2. My wife said this to me today by tuzki (1533 pts, 318 comments)
  3. Cartoon: Control of Bitcoin by Julian702 (1144 pts, 164 comments)
  4. Meanwhile...Bitcoin still feeds people. by SeansOutpost (1094 pts, 168 comments)
  5. For the love of Bitcoin, Stop mining at BTC Guild! - They'll control the network if they reach +50% by DanielTaylor (998 pts, 340 comments)

Top Comments

  1. 1358 pts: TerinHD's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  2. 834 pts: anon_bitcoin_gambler's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  3. 806 pts: HarshlyThrownAway's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  4. 495 pts: aSimpleMan's comment in I have my entire retirement and savings invested in Bitcoin. I will track its progress here over time.
  5. 491 pts: phattsao's comment in HOLD SPARTANS!
Generated with BBoe's Subreddit Stats SRS Marker: 1365628860.0
submitted by phloating_man to phloatingman [link] [comments]

Speculating Upcoming MtGox Developments and r/bitcoin Reactions

Mark Kerpeles resigns from Bitcoin foundation: "This was the right thing to do. He did this in order to keep the problems with his exchange isolated and not to taint the reputation of the foundation."
MtGox erases Twitter feed: "This is because there was too much junk in there, and they want to start a new polished look for their feeds. Just bad timing is all."
Japanese Police Raid MtGox Office "This must be because one of those mean protestors called in a bomb threat and the police had to come in and check it out."
Police carry out boxes of evidence. "This is just routine for bomb threats, no big deal."
MtGox Website Goes Down "Maybe they forgot to pay the bill for their hosting service? They've had a lot on their minds this month."
Site Remains Down One Week Later "I heard from someome on IRC that the site's still down because they're about to run an upgrade to their trade engine for Litecoin support and it's a lot of work, I'm sure we'll have an update from them soon."
When will people ackowledge that Gox is finished?
submitted by takenokokoko to Bitcoin [link] [comments]

Setting up Sierra Chart

Hi /Bitcoin,
I've gone ahead and downloaded Sierra Chart along with the MtGox feed, however I'm having a little difficulty setting it up.
Having installed the original client and opening the feed via 'New/Open Intraday Chart', I am left with this:
http://i.imgur.com/t5CUZPh.png
Any help in setting it up would be much appreciated, it's my last step before I'm ready to start buying those shiny bitcoins! :D
Thanks
submitted by FaultyTrigger to Bitcoin [link] [comments]

شرح الربح يوميا بيتكوين مدى الحياة والوصول الى اكثر من 150 دولار شهريا microbit: ZeroBlock - Real-Time Bitcoin Market Data and News Feed for iOS Bitcoin Mt. Gox FLASH CRASH! Bitcoins at $0.01 Each - YouTube GOV'T ATTACK ON CRYPTO! BREAKING: MT GOX TRANSFER NEWS ... G20 Day 1 / Mastercard Open To Crypto / MtGox Dump Debunked / Trump Bans Petro

Jed McCaleb, founder of early crypto exchange Mt. Gox, is currently being sued over his handling of the exchange during his time as its CEO. According to the complaint, two former traders on Mt. Gox have accused McCaleb of fraudulent handling of the exchange, with McCaleb allegedly leaving major security holes that led to future hack attempts.The Mt. Gox hack in 2014, when Mark Karpelès was ... Nachdem die ehemalige japanische Bitcoin-Börse Mt.Gox 2014 einem angeblichen Hack zum Opfer gefallen ist (Details stehen hier), hat sie kürzlich begonnen, ihren verprellten Kunden ein Online-Entschädigungssystem bereitzustellen. Nachdem dieses zunächst nur für Einzelnutzer galt, hat sie dieses nun auf Firmenkunden ausgeweitet. So verkündete Mt.Gox auf ihrer Einige spärliche Infos zu „21“, dem geheimnisvollsten und wertvollsten Startup der Bitcoin-Welt, eine neue, berauschende Akzeptanzstelle, die Technik und Zubehör aller Art weltweit ausliefert, neue Hinweise, was bei MtGox passiert ist, eine Entscheidung Spaniens zu Verumsatzsteuerung von Bitcoins und eine Rücknahme der Akzeptanz durch Netellers Mastercard-Ersatz – das sind die Zutaten ... Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. User account menu. MtGox Insolvency Discussion Sub r/ mtgoxinsolvency. Join. hot. hot new top rising. hot. new. top. rising. card. card classic compact. 22. Posted by 5 days ago. Stickied post. Announcement of Order to Change Submission Deadline for Rehabilitation Plan: 15 December ... The submission deadline for the Mt Gox civil rehabilitation plan has been extended once again, this time to December 15. The deadline has been pushed back at least three times before, including in the latest case, where submission was scheduled for October 15.

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شرح الربح يوميا بيتكوين مدى الحياة والوصول الى اكثر من 150 دولار شهريا

🚀 Join the BEST trading group on YouTube! 🚀 Info & Payment Instuctions: https://www.cryptorev.net 🚀 Crypto Payments Accepted! 6 month min. HUGE Crypto Discou... Falida MT.GOX vira investimento, Bitcoin SV com melhor performance e mais! Bitcoin News Brasil 2020, o resumo semanal das principais notícias no mundo das cr... This channel is videos on Bitcoin and other crypto-currencies. ... I take a look at why there is still a 100 dollar differance between MtGox and other exchanges. Patrick Likes Bitcoin uploaded a ... Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Be a Patreon: https://www.patreon.com/madbitcoins Subscribe to the WCN Audio Podcast on Itunes: https://it... If the Bitcoin’s of the world continue developing as free and open networks, Mastercard is eventually facing the fate of the dodo. 3:38 Story - Is The MtGox. Dump A Myth?

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