Can someone also explain to me why they need to impose daily withdraw limits if they're not insolvent? Im not saying that they are but I can understand they want to avoid a bank run crashing their wallet software or whatever but that would only happen if everyone started to make lots of withdraw requests. Why do you need a btc limit for withdraw requests?? Why would you not limit people to one withdraw request per day. The transaction size itself doesnt matter? Whats the difference between 100,000 .05 btc withdrawals and 100,000 50 btc withdrawals? The only thing that can be different if they cant cover 100,000 50btc withdrawals similtaniously. Am I missing something...
+1
Many are blind here, and still have hope of a back to normal situation. MK is giving them this hope.
There is no legit reason to limit bitcoin AMOUNT. MK doesn't care about btc price on other exchanges!
Also, this announcement confirms to Billy & whales at gox, that they were right not being in btc, as withdrawals in btc will be severely limited in amount.Through legal avenues, fiat could be retrieved..
BTC in cold storage stored off premises.
security reasons may make it wise not to keep 100,000 bitcoin on hand
A customer with trusted status can withdraw 10,000 btc per day. This is per GOX rules. Now suddenly, its not possible due to overzealous security concerns? When It looks fishy, smells fishy..
not to defend gox's retarded writing, but they are implementing new protocol and it might be good to be safe. they also haven't said what that would be. < the real reason though is probably because they are hoping that the gox price will rise fast enough to cancel any arbitrage opportunity, and while people will still probably leave because goxsux, they at least wouldn't lose all their biz instantly.
Also the gox price will once again rise above everybody else's.....some fish will decide to stay.
New York is not that important. It's one state in 50. They can regulate themselves out of the real economy and it won't bother me. I'd rather enjoy watching them hang themselves. I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder. The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you. Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering. But of course you are just denying reality. Money is an enabler that way. It helps you live in a world of make-believe. Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.
