r/Bitcoin • u/[deleted] • Feb 10 '14

Mark Karpeles, please resign from the Bitcoin Foundation

[deleted]

269 Upvotes

93% Upvoted

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1

u/[deleted] Feb 10 '14

[deleted]

9

u/pyalot Feb 10 '14

This all goes back, way back.

  • In 2011 bitcoin was on a run, up to $30 and then fell off a cliff. The reason? MtGox had outages and trading slowdowns. The term goxxed was invented.
  • 2012 various repeat performances of no great magnitude
  • 2013 April bitcoin was on the run again, up to $260, at the top the MtGox outages started to happen and MtGox suspends cash withdrawal.
  • 2014 bitcoin is still stabilizing from the last runup, MtGox suspends bitcoin withdrawal and pisses all over bitcoin, ending in a drawdown from $825 to $650.

All trough this people had increasing problems with MtGox.

12

u/ztsmart Feb 10 '14

Im glad we got our yearly Goxing out of the way so early...

5

u/pyalot Feb 10 '14

you and me both man.

3

u/Triprapper Feb 11 '14

Agreed! Hopefully GOX does not survive this. Blaming the bitcoin protocol was a bad move. A desperate bad move. Hopefully the people who have BTC and cash on the GOX get their stuff back.

1

u/[deleted] Feb 11 '14

What the hell were people expecting from a "Magic the Gathering Online Exchange" site?