Post
Topic
Board Service Announcements
Re: [ANN] "GOX" BTC <=> "Real" BTC exchange at bitcoinbuilder.com!
by
Chang Hum
on 25/02/2014, 10:40:36 UTC
I've noticed there's no statement on your site, and trading seems to continue how is this possible when your service involves inter-account transfers on MTGox which has been taken down?

Edit: Should I expect a reply here? just noticed Josh last post 11 days ago although he was logged in 2 hours ago! something a little bit fishy here!

He's active on Twitter (https://twitter.com/BTCBLDR), but mostly discussing an upcoming site maintenance.

Cheers!

Got transferred realbtc out of bitcoinbuilder.com today, for a trade done saturday. Thanks.

The reason it is possible to still trade on bitcoin builder is because now you can trade with virtual gox coins. All this means is that Gox-coins previously transferred to bitcoinbuilder is listed as numbers in bitcoinbuilders database. So let's say they have 20000 goxcoins in their mtgox account. This is currently inaccessible to bitcoinbuilder, but traders at bitcoinbuilders can still sell and buy whatever gox coins they have stored with bitcoinbuilder. But bitcoinbuilder will not be able to send gox coins to any customer before MtGox reopens their system, which might never happen.

Thanks for explanation, interesting the price has rallied nearly 100% since todays low on such a flakey arrangement