Post
Topic
Board Service Discussion
Re: THE TRUTH: Can someone withdraw fiat money from MTGOX?
by
OhShei8e
on 21/07/2013, 22:32:44 UTC
what is the reason you are so biased and protective about MtGox?

If I should decide to withdraw from Gox, then I withdraw entirely from bitcoin trading. On Bitstamp or other platforms I do not store permanently bigger sums in fiat. I have no Yubikey, the API is unsafe and so on. I'm a computer scientist and can not trade on platforms which sends me HTML emails and have the plaintext password in the API calls. Such things causes me physical pain.

So maybe I just buy bitcoins for my money on Gox and store them in my local and well encrypted wallet. Maybe in a few years or so they are worth something. Or I take the fiat money by selling them on Bitstamp but then I have to pay tax and must answer questions of the local tax office. So I think I take the Coins but trading is off for me without Gox.

Perhaps many people do so, and perhaps this explains the low trading volume.

Bitstamp is a funny joke. The trade engine is weak and there is nearly no trading software for Bitstamp while I have dozens ingenious projects for Gox. With what it is supposed to trade on Bitstamp? It takes a simple man in the middle attack to read the cleartext credentials from the API calls. It's impossible for me to use something like that. It's the stone age. And that should be the future? Just because they have fast withdrawals? What happens to the community?