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Bitcoin wallet keeps crashing ‹ Bitcoin wallet / Bitcoin trade

Bitcoin wallet keeps crashing

Screen Shot 2014 02 10 at 5.53.50 AMThe news comes as major trading exchange Mt buy litecoin europe.  Gox says in a new press release that bitcoin withdrawals remain halted. (On Friday, Mt. Gox issued a statement that amid the volume of withdrawals it was seeing, that it was suspending withdrawals until it could address a technical issue). Mt. Gox was at one point the foremost bitcoin market site, though its volume and share of bitcoin activity has declined considerably.

Withdrawals in actual currency are working, so traders can get cash out of the site, which is good news.

The bad news is that in addition to the direct matter of users not being able to withdraw bitcoins, they say the technical issue that they're dealing with is something that pertains to the broader Bitcoin community:

The problem we have identified is not limited to MtGox, and affects all transactions where Bitcoins are being sent to a third party. We believe that the changes required for addressing this issue will be positive over the long term for the whole community. As a result we took the necessary action of suspending bitcoin withdrawals until this technical issue has been resolved.

The letter is long, but here's the conclusion:

To put things in perspective, it's important to remember that Bitcoin is a very new technology and still very much in its early stages. What MtGox and the Bitcoin community have experienced in the past year has been an incredible and exciting challenge, and there is still much to do to further improve.

MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers. More information on the status of this issue will be released as soon as possible. We thank you for taking the time to read this, and especially for your patience.

And here's the full letter:

Dear MtGox Customers and Bitcoiners,

As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.

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