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.
I suppose you've talked to support about this? What's their excuse?
Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
61–70 of 113 posts
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#62FFS, the original title, something like "Mt. Gox suspends U.S. Dollar Withdrawls for two weeks", was FINE.
"Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals" makes NO SENSE out of context.
Mods: Please STOP rewriting titles to match the page! You're NOT doing it right!
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#63Earlier 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.
> Luckily, everyone with deposits in Mt.Gox can convert them to bitcoins and send them to some other address.
If you have US dollars on Mt.Gox, and no one can take US dollars out of Mt.Gox now and there is very low confidence that this will change in the future, its going to be very hard to find anyone give up any other currency or virtual currency for US dollars -- whether you want bitcoins, yen, slips of latinum, or triganic pu, no one is going to give you them for dollars on Mt.Gox if dollars deposited on Mt.Gox are trapped.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#64Earlier quoted context omitted.
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.
> Luckily, everyone with deposits in Mt.Gox can convert them to bitcoins and send them to some other address. If you have US dollars on Mt.Gox, and no one can take US dollars out of Mt.Gox now and there is very low confidence that this will change in the future, its going to be very hard to find anyone give up any other currency or virtual currency for US dollars -- whether you want bitcoins, yen, slips of latinum, o…
Sure they will, coinbase will quite happily turn them back into USD for you.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#65Earlier quoted context omitted.
> Luckily, everyone with deposits in Mt.Gox can convert them to bitcoins and send them to some other address. If you have US dollars on Mt.Gox, and no one can take US dollars out of Mt.Gox now and there is very low confidence that this will change in the future, its going to be very hard to find anyone give up any other currency or virtual currency for US dollars -- whether you want bitcoins, yen, slips of latinum, o…
Sure they will, coinbase will quite happily turn them back into USD for you.
If you have bitcoins on Mt.Gox, sure, you can get USD for them elsewhere.
The issue I was raising was that if you have USD on Mt.Gox and people don't think USD will be able to be extracted from Mt.Gox, you will have trouble converting your USD to bitcoin to get it off Mt.Gox, because people who have bitcoin on Mt.Gox will be reluctant to convert it to USD on Mt.Gox.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#66FFS, the original title, something like "Mt. Gox suspends U.S. Dollar Withdrawls for two weeks", was FINE. "Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals" makes NO SENSE out of context. Mods: Please STOP rewriting titles to match the page! You're NOT doing it right!
Another suggestion would be to add a little "title edited by: MOD_USERNAME" tag to any edited titles so we could at least keep track of the moderators who are doing it incorrectly.
As it stands, I have no idea if pg himself edited the title or if it was some random user who recently acquired the correct amount of karma.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#67Earlier quoted context omitted.
Currency of the future. I've also been waiting on my second withdrawal forever.
Your withdrawing in your local currency, right? The problem is with Mt. Gox and their ability to give you fiat, not Bitcoin.
Yeah, and what do you think would happen to Bitcoin if all the exchanges vanished? How long do you think the Bitcoin economy can survive on its own?
The reality is that for the majority of its users, Bitcoin is not a currency; it is just a way to make payments in other currencies.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#68FFS, the original title, something like "Mt. Gox suspends U.S. Dollar Withdrawls for two weeks", was FINE. "Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals" makes NO SENSE out of context. Mods: Please STOP rewriting titles to match the page! You're NOT doing it right!
I also hate how it makes it seem like a new post, but then you click through and see the same comments.
I hope it's automated, otherwise someone is wasting a lot of time on busywork. It's like that guy who reformats all your code just because.
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#69Any theories how this will fair for the market cost of Bitcoin?
Possibly raise the price on MtGox as people who want their cash will have to buy BTC with it and then sell them for USD elsewhere.
Buy it from whom? Who is going to sell BTC for USD without some confidence that they can actually receive the USD from MtGox?
Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
#70as well as debuting a dramatically improved trading engine which will be launching very soon They wedged that one in there at the last minute, but this tidbit could have more impact on the future of the company than the rest of the release. One of the main gripes of Mt. Gox has been the lag-prone trading engine and the spotty real-time data feed. Fixing those two things could help them keep customers they have and po…
imho they're just serving up a compliment sandwhich of sorts: http://www.urbandictionary.com/define.php?term=compliment%20...