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I'm also waiting on my withdrawel, that I triggered on 19. of April. Typically it takes about one week.
Perhaps many people have burned by the last bubble, and want to have the rest of their money back. In this case a 60000 EUR limit will delay the execution of course.
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Think a little more about it. You have a trading platform. Someone gives you 1000 Euro, anotherone 10 BTC. No trade yet.
Now the exchange rate is rising from 100 Euro/BTC to 500 Euro/BTC. Now a trade happens, 2 BTC for 500 Euro each.
There is also 1000 Euro and 10 BTC on your trading platform, as before, nothing really changed for the trading platform (but for the fee).
Offers are possible only for 1000 Euro. Your failure is the 2500 Euro, which does not exist for changing.
Correct me if I'm wrong but does that not just make Mt Gox a Ponzi scheme? Because they have to keep relying on new customers to buy Bitcoins to pay customers who are cashing out? ... No, has nothing to do with a Ponzi scheme. And yes, they relay on new customers. Think about having a trading platform, and one customer gives you 10 BTC. He now can offer this BTC for any price, 500 Euro/BTC for example. This will not matter as long as you do not find another customer, which gives you Euros. Without Euros no trade. Two customers have an agreement about the price of one bitcoin, and if they agree they swap the currencies. This has no influence on the assets of the exchange platform, they earn the fees only. And they have to keep the deposits of the customers save and separated from their own assets. |
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My best guesses:
#1. They have a daily limit on the account, so they can't pay more than €xxx a day to withdrawal requesters
#2. Their € account is empty and they need to wait till people fund their MtGox account with €'s so they can pay the withdrawal requesters.
To explain 2 a little better: Suppose you start an exchange and 10 people fund their account with in total €1000. They buy 10 bitcoins for €100 each. Next day the bitcoin price explodes and are worth €500 each. If 5 people want to cash their win, it would require €2500 to make this happen, but ... there is only €1000 available. Two withdrawals will take place, three will have to wait...
MtGox claims it's #1 that is causing the delays. You might have another idea.
Think a little more about it. You have a trading platform. Someone gives you 1000 Euro, anotherone 10 BTC. No trade yet. Now the exchange rate is rising from 100 Euro/BTC to 500 Euro/BTC. Now a trade happens, 2 BTC for 500 Euro each. There is also 1000 Euro and 10 BTC on your trading platform, as before, nothing really changed for the trading platform (but for the fee). Offers are possible only for 1000 Euro. Your failure is the 2500 Euro, which does not exist for changing. |
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PPC is just a good time. I could easy remember it and tell it from a bunch of other altcoins instantly. Don't change the name.
One question: I am currently holding PPC in my encrypted wallet since April. When will the 1% stake show up in my wallet?
See this doc: http://www.ppcoin.org/static/ppcoin-paper.pdfIn my words: The coins have to accumulate age first, as much as you want, but for at least 30 days. For aging they must not be spend. After waiting long enough your client can calculate/mint PoS blocks of it, with the PoS ( Proof-of-Stake) method. With these blocks the PPC network becomes secured, in an energy-efficient way, because PoS block generation performs with low load on your computer. With generating a new PoS block the time counter for consumed coinage is reset (by coinstake transaction). The more coinage (number of coins * age in days) you have, the higher the possibility to find PoS blocks. This way you can expect up to 1% interest a year, for securing the PPC network. It's sufficient to start your client from time to time. You do not loose your coin age after a long offline period. But as I understood it, one should have switched on his client as longer as more coins you have, for securing the network by consuming the coinage. I'm also waiting on my first PoS block, have to wait until end of May. |
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What hardware is appropriate for "Proof of Stake" minting?
At this time my coins are on a rather old laptop. For Bitcoin mining this is absolutely insufficient, and for PPC minting? Do I need a VGA card, or even an FPGA?
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PPC stand for power-protection-coin.
Good choice.
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rUTnSdyMRDkvE9jyxVCNHyh3pZuQhEFn2F
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This is the new message for today: Maintenance is ongoing.
We apologize for the delay in return of service.
- Team Intersango
This looks not good, because they do not mention a new time frame. I also have a lot of coins and Euro on this exchange. |
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Ask him and speak to him, perhaps he will tell you. Do not punish him.
The only thing I can say for sure is that such young kids have no responsibility for their doing, mostly the parents or their peripherals induce the problems.
The mysterious behavior of first playing and later smacking makes me advise you a professional for solving this.
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But nevertheless, the site has some potential because
b) the site has a quite good user base i assume
I'm one of them. As with all other Bitcoin services I've always made immediate transfers back to my own locally stored wallet, never keeping any funds on-site. I'm also an ex Bitmarket.eu user. I will, of course, never touch the site again. Scamming-by-ignorance is still scamming. (I'm awaiting the protocol solution to an otherwise unsolvable problem in Bitcoin-world) How large was your last fee on bitmarket.eu? And have your trades been successfully? |
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As a younger man I heard about a person shooting 3 other people and then himself at a day, here in Germany.
Some days later I heard he was a member of my own school class some years ago.
I remember him as a GOOD guy in our class, but later he decided to be a BAD one.
It became known he was in a shooting club, he shooted thousands of bullets in peace, but needed only 4 bullets for 4 people shooting them to death. He selected his victims arbitrarily. In his farewell letter he wrote: I didn't know how easy it is to shoot people to death.
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My suggestion for selling:
mtgoxUSD_ask * 0.54 + mtgoxUSD_high * 0.50
or Buying:
mtgoxUSD_bid * 0.45 + mtgoxUSD_low * 0.50
Same for Euro:
(mtgoxUSD_ask * 0.54 + mtgoxUSD_high * 0.50 ) * EUR_24h / USD_24h
(mtgoxUSD_bid * 0.45 + mtgoxUSD_low * 0.50 ) * EUR_24h / USD_24h
You can play a little bit with the positions after the decimal point. Since mtgoxUSD_high and mtgoxUSD_low are reset at midnight (I believe), there is a small singularity. Works well for me since months.
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NYAN.C 32
NYAN.A 40
YARR 9
CPA 103
You can liquidate all that for 1 BTC per every share. Send me 184 BTC, you have the address. Thank you. I have red the other discussion, until now I did not know which one to trust. But if you believe CPA or NYAN.C have a value of 1 BTC, you get noncredible to me. You simply want to quarrel with usagi, you can get these values only at the expense of other shareholders like me. |
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No private battle here on the back of your customers, you all will loose your rep just before your business has been launched.
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@usagi
So Oliver, please simply recall your messages, and make the necessary agreement with ONE of the platforms Bitfunder, btct.co, or CryptoXChange. Take your time, thank you.
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I had a total of 16 different shares on GLBSE. I traded with a robot, once every 10 minutes.
Until now I got 7 confirmations from share issuers, and the informations about the quantity of my shares have been correct always.
So from my view the lists from Nefario seem to be quite accurate.
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@Ukyo
I have some shares with BMF, and others have also. I'm sure you want to help us, isn't it?
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Please go on with finding the right owner, with a minimum of effort, of course.
The owner is not necessarily the one that did the mistake. I think of payments from glbse or bitmarket.eu. Help to keep up trust in Bitcoins.
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Wenn es ein Bitcoin-Bankensystem gäbe, könnte ich auch Bitcoins verleihen, die tatsächlich nicht existieren.
Eigentümer der Bitcoins kann nur einer sein, Besitzer könnte es viele geben. So ungefähr stelle ich mir das vor: Eigentümer verleiht > Bank 1 verleiht > Besitzer 1 verleiht > Bank 2 verleiht > Besitzer 2 verleiht > ... Ein Bankensystem ermöglicht allerdings auch Geldschöpfung aus dem Nichts. Wenn Bitcoin-Bankguthaben genauso gut wie Bitcoins sind (wie eben Euro-Bankguthaben genauso gut wie Euro-Bargeld sind), kann ich als Bank beliebige Zahlen aufschreiben, ohne tatsächlich die Bitcoins dafür zu besitzen. Ganz so willkürlich ist es wohl nicht, es muss ja eine bestimmte Quote (in diesem Beispiel 5%) einbehalten werden. Beispiel: Eigentümer verleiht 100% des Wertes > Bank 1 verleiht 95% davon > Besitzer 1 verleiht 100% davon > Bank 2 verleiht 95% davon > Besitzer 2 verleiht 100% davon > ... Wenn diese Quote hoch genug ist, kann das System stabil sein. Erfahrungsgemäß wird es jedoch immer weiter aufgeweicht. Ich habe mal gelesen, dass ab einer Verschuldung von ca. 500% zu den Einkünften Kredit-Systeme instabil werden, also zu kollabieren drohen. Diese Information bezog sich vor allem auf größere Systeme, wie Staaten oder Unternehmen. |
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Wenn es ein Bitcoin-Bankensystem gäbe, könnte ich auch Bitcoins verleihen, die tatsächlich nicht existieren.
Eigentümer der Bitcoins kann nur einer sein, Besitzer könnte es viele geben. So ungefähr stelle ich mir das vor: Eigentümer verleiht > Bank 1 verleiht > Besitzer 1 verleiht > Bank 2 verleiht > Besitzer 2 verleiht > ... Jeder, der sein Gut verleiht, muss damit rechnen, dass er es nicht wieder zurück bekommt, egal ob Euro, Gold, Bitcoin, ein Buch. Ich halte mich auch deshalb von ETF (Exchange Traded Fonds) fern, weil diese zwecks Gewinnmaximierung ihre erworbenen Werte weiter verleihen, bis zu 90% der enthaltenen Werte. Im Falle des großen Showdown keine gute Idee. Weiß jemand, ob auch gewöhnliche Aktienfonds ihre Aktien weiter verleihen? |
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