Quote from: rpietila, the Vassal of the Mighty Goat on February 07, 2014, 03:35:08 PM

Quote from: sturle on February 07, 2014, 03:26:46 PM

Quote from: qxzn on February 07, 2014, 03:12:56 PM

Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?

You can transfer BTC between MtGox accounts. The sender can withdraw to the deposit address of the receiving account. The transaction will be handled internally, and the transfer will not enter the blockchain. (Unless you check "Open Transaction". Don't do that.)

Okay, my goxBTC is for sale then!

Wise decision Ristö.

The good old Sturle is either getting Goxxed or he is just a paid shill who is risking nothing. Given his post history in the last months (constant shilling on this thread since April despite the alarming insolvency sympthoms) I would say sturle is the latter (a shill), but given sturle's history/reputation as a reliable OTC later I have my doubts. I give 50/50 chances that he is a shill or just a guy who will get Goxxed because he doesn't want to admit that he may be wrong.

What surprises me is that you are still on Gox, Risto. I always thought (and I still think) Karpeles is mostly honest, not a thief, but the sympthoms have been too strong for too long to ignore them - you know how they say, "it walks like a duck, it smells like a duck, it looks like a duck...."

It might be for legal problems, or because fractional reserve, but the truth is it really doesn't matter, it's been since this summer that is clear that Gox is not safe nor reliable. I work with banks all day long in my business and the hard cold fact is that if you have the money, you can steadily transfer it unless something very BAD or very temporary happens. The "we are overwhelming the banking system with our huge volume" excuse is the most ridiculous thing I've ever heard (only for outgoing money but not for incoming, how convenient!), and it was just a matter of time for BTC withdrawals to start following the same path. Withdrawals do not work, incoming transfers work just fine. Sweet....

I left Gox for good in July after a couple of months defending them... But things just kept getting worst. Bitstamp doesn't feel as the most secure place in the world neither, while withdrawals work just well daytrading and keeping serious founds on third party services is still a high risk practice in the BTC world. I won't do it until a serious alternative is launched, for sure the opportunity is huge for those who manage to build a SERIOUS service.