If I want to sell my Gox coins to another Gox member how exactly does this work? Can someone guide me through the procedure. Here is my account:
http://imgur.com/a/MoufWI mean how do you transfer internally when the coins go through the blockchain? Are you telling me the transfer bypasses the blockchain? Is there a procedural loophole I don't know about?
With trade values hovering in the sub-$300 I'm losing my confidence in Tokyo and will probably offload them before their exchange crashes. Looking at 60 to 70% but slightly negotiable to some extent.
It's not a loophole but a feature(and my guess is, this feature is what made it more difficult for Gox to fix the ongoing problem).
When you withdraw you coins, if you input an internal bitcoin address (i.e. address with private key held by Gox), you will be presented with options: do "Open Transaction" or not. the "Open Transaction" is unchecked by default. if you choose to go with Open Transaction, you tx will go through the blockchain, but otherwise gox will handle it internally by just updating their DB.
And currently internal transaction is not affected as stated by Gox.