Hate 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.
Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
41–50 of 113 posts
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#42Earlier quoted context omitted.
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
#43Hate 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
#44Just 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
#45Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#46Hate 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.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#47Hate 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 c…
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#48Earlier quoted context omitted.
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
#49Earlier quoted context omitted.
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
#50Earlier quoted context omitted.
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 c…
In the UK, you can never inform the customer - that is the offence of "tipping off".