[ExI] Bitcoin - Mt.Gox
painlord2k at libero.it
Tue Sep 10 20:40:38 UTC 2013
Il 10/09/2013 17:18, Gordon ha scritto:
>> Albeit the seizures of Dwolla e WF accounts were serious they do not put
>> the solvency of MtGox in danger.
> Do we know this for a fact? Has Mt. Gox released any information about
> its finances? I haven't seen any.
This is my interpretation of the fact.
I do not know for sure, but MtGox have obtained at least 20K BTC just
around the april (1% of the total number of BTC exchanged go in fees).
And this is just for USD. Add € and likes.
>> Anyway, if people is in a hurry to get their fiat money, my
>> understanding is MtGox allow them to request a expedited withdrawal that
>> is manually processed by their bank and cost 5% of the sum transmitted.
> A 5% cost to get access to one's own USD in a timely fashion seems
> exorbitant to me. My experience with Coinbase has been much better, and
> I'm not even fully verified there.
They say this is what their bank ask. It is not their fee.
It is, probably, used by big whales (at least six figures) to arbitrage.
>> So I'm optimist with Bitcoin just because I see the previous system
> I'm optimistic, too, but staying away from Mt. Gox for now. Here is an
> interesting article about Mt. Gox, its problems, and the spread vs other
> How Bitcoin Spreads [at Mt. Gox] Violate a Fundamental Economic Law
The "law" they talk about could be true if there was no friction in the
USD movement and transfers. But there is a lot of frictions to move USD
to and from MTGox after the Feds seized the Dwolla's account, Liberty
Reserve was shut down and OKPay stopped accepting cash from MtGox for
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