How the fuk would gox become insolvent... They're sitting on a goldmine of trading fees alone. You guys really need to stop thinking the worst possible scenarios, I personally think Gox isn't as bad as you guys make it seem. Yes, they have problems, but that's to be expected of an online exchange operating in a novelty area like bitcoin...
GOX is doomed. The sob stories are going to be classic, as millions evaporate to fund the retirement of Gox executives.
I wouldn't go that far but they certainly have lost a lot of customers and they were partly responsible for the big correction a few months ago.
You reap what you sow, so I think Gox will just lose market share. That is needed.
They have done a lot for BTC, being a leader is very difficult. At least they have been great with security.
It will be nice when the exchanges are more evenly distributed, % wise.
Didn't they lose everyone's password hashes recently? My friend had everything stolen.
If your "friend" did not use 2 step authentication he deserved it.
He did not deserve it. We all make mistakes.
I only found out about the password hashes from a post on here.
All gox had to do was send out and email informing customers what had happened and to advise them to change their password.
I'm not just gox bashing for the hell of it, they are not that bad, but this could have been avoided.
All your friend had to do was read his e-mail I guess. They sent multiple e-mails regarding this...
"Dear Mt.Gox user,
Our database has been compromised, including your email. We are working on a
quick resolution and to begin with, your password has been disabled as a
security measure (and you will need to reset it to login again on Mt.Gox).
If you were using the same password on Mt.Gox and other places (email, etc),
you should change this password as soon as possible.
For more details, please see this:
https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollbackThe informations there will be updated as our investigation progresses.
Please accept our apologies for the troubles caused, and be certain we will do
everything we can to keep the funds entrusted with us as secure as possible.
The leaked data includes the following:
- Account number
- Account login
- Email address
- Encrypted password
While the password is encrypted, it is possible to bruteforce most passwords
with time, and it is likely bad people are working on this right now.
Any unauthorized access done to any account you own (email, mtgox, etc) should
be reported to the appropriate authorities in your country.
Thanks,
The Mt.Gox team"
