Post
Topic
Board Service Discussion
Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :)
by
zby
on 18/07/2013, 05:45:53 UTC
No, I don't find it odd that people wiring money out of Gox don't come report to you.  Their money is non of your business.  You guys are paranoid.

But, let's assume you are right for a second.  What are you going to do?  If I believed what you believe, I would cancel my withdrawal request, buy bitcoins, and get as far away from MtGox as possible.  If you still have money at MtGox with your beliefs you are an idiot.  If you don't have money with MtGox, then why the fuck are you trying to whip people into a panic instead of going about your business.  Or is trading on MtGox the only reason you are here?  If so, go find something productive to do to help develop the bitcoin economy or GTFO.

It is not about believing or not - it is about assigning probability to this event.  The probability grows and it makes me uncomfortable - I did move out most of my funds already and I am pretty happy with my overall profits, but this situation is still rather unnerving for me.

Then don't use Gox.... you've been around long enough to know their history.  This shouldn't surprise you.

At least it is still there - unlike Bitomat or bitcoinica or TradeHill or that german exchange (or Bitmarket - which is still around but does not return funds lost).  MtGox is incompetent - we know that - but if you think other exchages are any better - you are rather optimistic.  Also it is only recently that the volume on Bitstamp became practical.

Now I can move my funds out of MtGox with a 10% haircut - or I can wait and see if I don't lose them all - if the probability to lose them becomes greater than 10% the rational thing to do is move out, but even if it is less than 10% it still makes me nervous.