If it never opens again, that price is meaningless.  Similarly, when you can't actually get it out, it's not even Bitcoins you're buying, but a nominal Gox balance.  If they ever again start reliably processing withdrawals, the price will soon come into line with the other exchanges, but that's seeming pretty iffy right now.

I think a number of people are gambling that Gox will, in fact, come back up again at some point, and are purchasing people's Gox balances at a deep discount.  I've seen such offers floating around on BCT and elsewhere.

This is assuming there isn't more direct and deliberate price manipulation by insiders or others.

I think, attempting to translate the poster's original comments, that it means "I am really dumb." 

I could be wrong, though.

Sounds like you have a badly configured or even malicious (trojan) zip handler.

Good point.  People who have funds on Gox probably do have an interest in that number.  I have a name for those people.  I call them "fools."

Actually, Bitstamp did issue an announcement suspending withdrawals temporarily.  However, unlike Gox, which demanded everyone else clean up its poopies, it appears just to be fixing the problem with its own software and will probably resume withdrawals shortly.

Just encountered this message.  Bitstamp has resumed withdrawals basically just a bit ago.

We don't have this choice, though.  If something gets legalized, it is pretty much a matter of course that it will also be taxed, just like every other form of economic activity.  Now, perhaps this isn't the way it should be, but that's the way it is.  In any event, allowed but taxed is an incremental step in the right direction, and is preferable to prohibited.

So if we had prohibited, allowed but taxed, and allowed and untaxed on our menu of choices, the latter might be the best option.  But we don't.  In fact, it would be damn near a miracle if we even had "allowed but taxed" on our menu.

Propaganda is not argument.

Who cares?  I can get the Bitstamp price.  The Gox price has been fictional for well over a year.  It needs to be disregarded utterly.

It'd be nice if a mod would change this stupid subject line, which is a complete lie.  SR2 was not hacked.  You morons just got your money stolen, which was entirely predictable, you stupid dope fiends.

The price has already stabilized, so far as I can tell.

The problem, though, and I agree the "outside world" doesn't understand this and wouldn't without lengthy explanations they also probably wouldn't understand, is that on one side, you have the erring party, Gox, refusing to fix its own mistake.  The "other side," to the extent there even is an other side, is Gox's insane demand the entire rest of the Bitcoin world alter the way it does business in order to accommodate their mistake.

Clearly, this can't be done. 

This problem has been on the to-do list for some time, and using the temporary transaction ID has been deprecated for literally years.  But to fix this issue, basically every piece of software out there has to be replaced.  This isn't going to be done instantly.

Wake me up when a bug locks me out of my wallet.

Anyone who keeps their money on an exchange is an idiot.  Period.

Gox led with an attack.  The fact that their problem is their fault is just that, a fact.  It isn't an "attack" to point that out.  Their false claims that this is somehow the fault of the devs, though, are, well, false.  They had every opportunity to avoid making this mistake, and made it anyway.  Apparently, so did other exchanges, but Gox is unique in not rolling out a fix and instead blaming everyone else for their shoddy implementation.

Has any other exchange behaved in this atrocious manner?

I'll compare, for instance, Bitstamp.  Did they go around blaming everyone other than themselves?  No.  Their own press release was basically "Whoops.  Made a mistake, we're fixing it now."  And then they IMMEDIATELY fixed it.  That's how you do it if you're a professional.  Gox isn't unprofessional because they made a mistake.  Everyone makes mistakes.  They are unprofessional because of their pathetic and disgusting attempts at damage control, which involved trying to deflect blame to the entire world other than themselves.

You're seriously asking this?  Yes, of course it is.  18 U.S.C. § 1029 and a host of related statutes.  I'm not sure which is most commonly prosecuted, but seriously, you're asking if buying stolen credit numbers is a crime or not?  WTF?  Does it take a genius to realize it is?

You're basically asking "Why would someone run off with a couple million dollars?" 

Is it really that hard to understand?

While I am glad more and more sites are doing this, I have been perturbed for some time that the bogus prices on Gox have been taken seriously.  I hope more care is taken in the future as to which exchanges are included in indices.  Nobody seemed to have any problem with Gox's fictional prices when they were bringing up the average.

The wait is usually external to Coinbase.  It's a delay caused by the outmoded and primitive ACH (Automated Clearing House) system of electronic transfers used by U.S. banks.  To be fair, other countries use even more shitty systems.  Something like three business days is usually about right for how long these transfers take.  

I had one Coinbase transaction take one day longer than they said it was going to.  Every other transaction, though, came in earlier than they said it would.  In one case, I had it the next day.  The ETA they give you when you make the cashout is almost always accurate, in my experience, and usually faster than they said.

I speak only of BTC --> USD transactions.  I generally sell rather than buy BTC.

I got USD from a Coinbase withdrawal yesterday, but the ACH was already in the pipeline before this news.  Considering they use Bitstamp, which has in fact suspended withdrawals temporarily, I'm not sure what would happen now.

I'm certainly not selling at this depressed price like some Nervous Nellies.

I'm actually kind of bummed my cash flow situation is such I can't buy some right now.  My position is definitely long-term hold, though.

No shit.  And then tried to shave with it.  Is there seriously anyone here who believes this cock-and-bullshit story?

Also, there are still people out there stupid enough to treat an anonymous site exclusively operating for the purposes of criminal activity as a goddamn online wallet?  Are these people retarded?  How many times do they have to learn this lesson?