7 February 2014

MtGox

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Today MtGox – one of the biggest exchanges – published a press release stating that they’re temporarily pausing Bitcoin withdrawals.



For more news you’ll probably have to wait until Monday, February 10, 2014:



Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).



I didn’t endorse MtGox in public, but that’s mainly because they’ve been in control of the vast majority of the Bitcoin market for a long time and this caused some trouble for them and the Bitcoin community.


However I do trust MtGox to do the right thing and I will definitely support them in case they are in trouble.



I have chatted with Mark Karpelès (current CEO of MtGox) online several times – even before he became the owner of MtGox and he’s definitely not the kind of person who wants to cause this kind of inconvenience.



MtGox is also a founding member and major supporter of the Bitcoin Foundation – and this foundation is paying Gavin Andresen to maintain the source code of the Bitcoin client*.



*I’m referring to the first Bitcoin client – developed by Satoshi Nakamoto.


February 07, 2014 at 10:23PM