Just FYI, I made 6 bank withdrawals in Euro two months ago, and I still have only received 3 of them. They've used up all their goodwill with me.
Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
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Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#32Just FYI, I made 6 bank withdrawals in Euro two months ago, and I still have only received 3 of them. They've used up all their goodwill with me.
Currency of the future. I've also been waiting on my second withdrawal forever.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#33Just FYI, I made 6 bank withdrawals in Euro two months ago, and I still have only received 3 of them. They've used up all their goodwill with me.
The best way to withdraw money from mtgox is to post a sell ad on bitcointalk.org in the currency you wish to withdraw, set your price about 3-5% above daily average (as long as that is at or below the cost to buy coins immediately) then sell the coins to someone for a bank transfer in your local currency, saves having to wait weeks for your money.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#34Hate to quote myself, but see the P.S. here: http://news.ycombinator.com/item?id=5568610 If I were a gambling man, I'd say this is quite likely to be shoe #1.
Unfortunately true. I'd hate to tell everyone with money in mtgox that it is time for a bank run, but...
Luckily, everyone with deposits in Mt.Gox can convert them to bitcoins and send them to some other address. This is one of the benefits of Bitcoin.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#35Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#36Earlier quoted context omitted.
Is there any theoretical way to defeat these programs and ensure anonymity? I'm even suspect of SSL given private keys can probably be demanded through FISA court.
Use separate hardware on public wifi. Take the battery out when you're done.
Why taking the battery out? Are you talking about a smartphone or a laptop?
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#37Hate to quote myself, but see the P.S. here: http://news.ycombinator.com/item?id=5568610 If I were a gambling man, I'd say this is quite likely to be shoe #1.
I agree. I'd read this statement as: none of our partner banks will do USD withdrawals for us anymore. We think we might be able to find a new bank within two weeks.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#38A reminder: bitcoin, like tor, is useless if the government has a realtime analysis of the L3 network traffic of a majority of the participants, as we have learned they do in the US under NSA's MAINWAY and MARINA programs.
Not true: A new transaction in the bitcoin network isn't linked to any IP address, since transactions diffuse through the network haphazardly: There's nothing to distinguish between a transaction coming from elsewhere and a new transaction originating in the client. The only way to figure out the originating IP address would be to collect all data on close to 100% of the network and analyse the data in a sophisticate…
I'm pretty sure an eavesdropper can simply watch for outgoing transactions which you never recieved and deduce that they originated from you. No fancy network analysis needed.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#39Earlier quoted context omitted.
Is there any theoretical way to defeat these programs and ensure anonymity? I'm even suspect of SSL given private keys can probably be demanded through FISA court.
Use separate hardware on public wifi. Take the battery out when you're done.
Was that a joke?
What does public WiFi have to do with anything? We're talking about the NSA wiretapping Internet backbones and forging SSL certificates.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#40Hate to quote myself, but see the P.S. here: http://news.ycombinator.com/item?id=5568610 If I were a gambling man, I'd say this is quite likely to be shoe #1.
I don't know about US law, but in Europe if you're a financial institution and you suspect a customer transaction is involved in money laundering or a similar it's a criminal offence to inform the customer without first clearing it with the relevant legal authorities.
If there is some kind of investigation going on MtGox might be completely unaware of it, saying "there's a backlog" is a pretty common way to provide cover while such an investigation is on-going.
One of the reasons you get fully licensed as a financial institution by regulators is that you get some level of legal protection/ring-fencing from the activities of your own customers.
(IANAL but I used to work on real-world forex trading desk in a previous life, hence had to undergo the mandatory FSA training)