Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
geetee
on 12/08/2013, 19:52:54 UTC
First; longtime reader, first-time caller, love the show.

I completely agree with the last statement about gox putting us in this condition by it's own actions, whether by being completely incompetent, or willfully trying to evade the multi-million-dollar cost of a Licensed-Money-Transmitter-Registration Requirements is a side note. It's done, and now we're all in a box. Is the year-long waiting period to be registered in all 50 states as a money transmitter a legitimate guess? Doesn't that also mean we could just get the money out *technically* after the first state has allowed them to operate? Cause in my case I would just drive to that state, get a bank account set up, and withdraw.

That idea seems... dubious... I would think you get access to all 50 states or none, if you were granted federal money-transmitter status. one state at a time? Arg, really?

What I would love, is if someone could ask ol' Mark Karp what the status of the Registered Money Transmitter License is. Has it been granted? Is it going to be granted? how long do these things take? Could it be that the Dept O HomelandSSec could just permanently invoke a 'you will never be registered' amount of red tape on Gox?

It's my understanding that they (mtgox/Karpeles) finally read some rules after the dwolla link got shut off, and realized you can't transfer a few million in and out of your dwolla acct each day without having to register somewhere with someone, and finally got the ball rolling. for heavens sake, my cat could run a company better.

But now, to the banks, it looks like you are running a fly-by-night operation, and no doubt to the EU banks too. Problem is, after the US and EU, there aren't really any global banks left... paypal? TD bank?(toronto dominion) [not really an option] Bank of the republic of congo?

Are they even looking? Also, i don't think anyone ever replied to the question of JPN withdrawals being delayed - or when a last successful withdrawal to a JPN account was made. This could be the smoking gun, since in Gox's cryptic Aug 5th statement they made some reference about the japanese government assuring them they could operate normally and they're not under suspicion - what the hell? Sooo the author's inferring that other governments ARE viewing gox with suspicion...? Can i haz elaborationz plz. [you can read that silly statement on their facebook update page along with their other nonsense] Anyway, it seems like if you can get Yen, gox can't be trusted with anything. Since the US has nothing to do with JPN banks. the US can't interfere with them. soooo - where the crap are the yen withdrawals.

Can we start a global thread similar to the bitcoin vs. country-GDP-parity-watch, but instead we can list when the hell the last time a withdrawal was actually completed to a country? 'Cause at this point, I WILL go to Canada/Mexico/screw it-Japan and set up a f*ing bank account to get this paper out. [and yes i know about localbitcoins and coinbase]
i also have a close childhood friend in Australia, who I may be able to ask the favor of a lifetime of, to get it out for me.

I can start;

USA
oldest known pending withdrawal: June 27th

Canada
oldest known pending withdrawal:

Japan
oldest known pending withdrawal:

Australia:
oldest known pending withdrawal:

Mexico:
oldest known pending withdrawal:

Thank you for all your attention in this regard.