HN user

redegg

762 karma

Bitcoin galore!

Posts14
Comments63
View on HN

You will likely receive more than you initially deposited into MtGox through the bankruptcy, but I do not know what you call "significant recompense."

I was one of those claimants who sold approximately the account value north of 1000 Bitcoins to bring myself in what I thought was a better position when all of your withdrawal methods were blocked. I attempted to withdraw BTC into BitcoinBuilder, but you guys had my account flagged for additional review from a previous TX I had made weeks ago. I had literally zero other options and you guys locked up all of my balance.

Some recompense could be given to now fiat claimants who sold all of their BTC holdings into USD _the day_ that Mt.Gox shut down. There were quite a handful of individuals who did with the same rationale this in the hours leading up to the website shutdown. I'm pretty sure they are the minority of claimant cases looking at /r/MtgoxInsolvency posts.

Today, the difference in market value those few hours for me would have been approximately been $7.9 MM vs. ~500k USD + penalties. There were zero guidance the days that you had your withdrawals blocked off, and any communication of what was going on especially in those few hours would have made such a difference in the 7 years that we/I had our money locked up.

Please look into these accounts that had this sort of activity _in the hours_ leading up to Mt. Gox's shutdown. If any group would be significantly impacted by any recompense, it would be us

You will likely receive more than you initially deposited into MtGox through the bankruptcy, but I do not know what you call "significant recompense."

I was one of those claimants who sold approximately the account value north of 1000 Bitcoins to bring myself in what I thought was a better position when all of your withdrawal methods were blocked. I attempted to withdraw BTC into BitcoinBuilder, but you guys had my account flagged for additional review from a previous TX I had made weeks ago. I had literally zero other options and you guys locked up all of my balance.

Some recompense could be given to now fiat claimants who sold all of their BTC holdings into USD _the day_ that Mt.Gox shut down. There were quite a handful of individuals who did with the same rationale this in the hours leading up to the website shutdown. I'm pretty sure they are the minority of claimant cases looking at /r/MtgoxInsolvency posts.

Today, the difference in market value those few hours for me would have been approximately been $7.9 MM vs. ~500k USD + penalties. There were zero guidance the days that you had your withdrawals blocked off, and any communication of what was going on especially in those few hours would have made such a difference in the 7 years that we/I had our money locked up.

Please look into these accounts that had this sort of activity _in the hours_ leading up to Mt. Gox's shutdown. If any group would be significantly impacted by any recompense, it would be us.

This happened in 2014, why the hell is this being brought up now? It should be noted that NextDesk changed their name to Xdesk after this debacle years ago.

Also NOT published and considered in this flame throwing is Wirecutter's response. There is a clear agenda. I only know this fiasco because I spent hours looking for a standing desk yesterday.

- In terms of durability: laminate > bamboo > powdercoat. Powdercoat feels EXTREMELY nice, but it's made of compacted shards so not really lasting.

- Most use Chinese motors but they're not really an issue.

- Just get whatever is the cheapest from a common brand. Fully (Jarvis), UPLIFT, VertDesk are all good. Jarvis and UPLIFT are similarly priced but UPLIFT's bamboo table is thicker. Xdesk is personally too expensive for something I would go to Herman Miller or Steelcase for a similarly priced desk.

- The wobble at high heights for the ones above ^ exists but is in practice not really an issue (at like the maximum height where your arms would be at an uncomfortable position then). Personally, I only want a standing desk so I can adjust to a good height for my chair, so I would never use it to stand at 5' for hours at a time. BTOD produces good reviews on YouTube and their site but keep in mind they create the VertDesk.

https://thewirecutter.com/our-response-to-nextdesk/

Why do you think it's necessary to reveal your age to those who hire you? Have a good portfolio and you're set.

The web provides you varying levels of anonymity; take advantage of it.

I made thousands of dollars before your age monetizing my Facebook apps with ads. Perhaps you should investigate doing stuff that doesn't rely on others who frankly care more about your age than your competence.

People are lazy. They want to see how much text is there for them to read before having the slightest intent.

Making text bigger makes that decision more difficult. It also creates the delusion that there is more to read than there actually is.

Brian, could you respond why Coinbase has shifted from a clusterfuck pay-a-withdrawal-with-the-global-pool-of-coins to pay-a-withdrawal-with-the-user's-coins?

I noticed Coinbase credits users even without transaction confirmations. Then I noticed withdrawals used the same inputs from the deposits the user receives.

This could be bad and good:

1) (good) User is immediately notified when Coinbase is breached. It's the moment when they notice their deposit address is sending coins to a address that is not their's.

2) (bad) There is one chance to protect the coins. If you even think the private keys are compromised, you would have to be safe and broadcast the move of coins to new addresses. This will be really messy.

3) (bad) Anonymity reduction. The user can't launder coins in the network. Withdrawing deposited coins will appear to be a direct transaction from:

A -> B (deposit) then B -> C (withdrawal)

instead of:

A -> B (deposit) then Z (other user's coins) -> C

Also, is Coinbase moving to a client-sided wallet approach?

There are dozens of exchanges. None of them have the liquidity to make my time there worthwhile.

Doing your best at security is not good enough. Bitcoinica is a good example of this. You'll need to make sure everything is locked down, or the day when you announce to your users their funds are gone awaits.

Ability for users to easily get funds in/out of your exchange is a must. If you choose to obey AML laws, your users will curse at you for making their lives miserable. You're going to be stuck with bank wires/LR because accepting ACH is a ton of risk.

I either go on Mt. Gox for day-trading or Coinbase for buying/selling.

I've been mining since July 2011 with a small operation of 17 ATI 5830s.

With the amount of ASIC preorders currently speculated, I don't think its worth my time to upgrade. I'll be selling my mining hardware off this year.

AdBrite was a great network. Their payout rates were by far the best of any network I've tried.

Full-page ads were a killer revenue source, I would get 4x the amount I would have gotten on Adsense.

I should have stated I don't trust my coins in the hands of others.

Bitcoin, unlike other currencies are irreversible. You have one, and only one chance to keep them safe.

I rather be content with the loss of Bitcoins in my possession, _knowing it was my fault_, than losing them to a thief holding Coinbase's staff at gunpoint for the offline wallet's private keys.

Even though I use Coinbase for buying/selling, I would not trust them to store my moderate balance of Bitcoins.

Their hot-wallet dependency and my storage of coins at a central location simply does not give me enough assurance my coins will be safe there for a significant amount of time.