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That's just on Gox. On BTC China it's touched over $1000 USD in Yuan and on Bitstamp it's only $675. The global average is over $800 already. The USD only average is quite a bit below that. https://bitcoinaverage.com/#USD
Is it actually possible to sell BTC held in a random wallet and withdraw the proceeds as USD? I'm not familiar with the intricacies of the various exchanges, and am wondering if it is truly a convertible currency. (Assume that selling ~500 BTC would not move the market.)
Yeah, you just register on an exchange, deposit your BTC, trade them into USD and withdraw USD. I just did this with BTC-E.com today.
Earlier quoted context omitted.
Yeah, you just register on an exchange, deposit your BTC, trade them into USD and withdraw USD. I just did this with BTC-E.com today.
How long did it take from the time you deposited the BTC to when you got the USD into your bank account?
Withdrawal to a bank - depends on the method you use (SEPA, wire, etc) and the country you're in. From a few hours to a few days.
Earlier quoted context omitted.
Could Amazon disallow that if they wanted?
No they could not, it's just OpenCL. Also: Why would they? They still get paid and the GPU is dedicated on those instances.