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On a side note I should note that while I have contracted people in bitcoins, I always add a condition stating that either party can request a re-evaluation of the paid amount should the bitcoin rate change too much (I usually define "too much" as +/- 10% BTC/USD rate). This is a fair condition, both for me (should the rate incrase too much I can buy additionnal bitcoins easily) and for the other party (should the rate get too low, they can request re-evaluation too, and not continue working for crap).
As for the DDoS itself, it seems that the now installed protections are doing their job as expected. The rate ended going quite high because of people hurrying to buy before the site goes down again instead of buying bits per bits to avoid too large impact on the market, so our russian guys had the exact reverse effect of what they wanted. I'd say it's sad for them, and the fact the rate doesn't seem to be dropping again means everyone trust bitcoins has - or will have - at least the value it has now.
Anyway may this serve as a lesson to everyone: do not make contracts based on a value that can buy a cake one day, and a car the next day.
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MagicalTux is very busy man. You may have a better chance of catching him on freenode #bitcoin-otc
Thank you. I'll try. Hi, It seems you sent your email just before the ddos problems, which caused a huge amount of emails coming here. I haven't answered all those emails and I apologize. You will eventually get a reply from me and your funds will be credited. Mark |
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Peu de chance d'aboutir amha. Si la BdF ne reconnait pas le bitcoin comme une devise, alors toutes tes transactionc sont assujetties à TVA, non? Ce qui ficherait en l'air tout l'intérêt du truc.
Demande conseil aux gars de MtGox, ils doivent s'y connaître. Et plusieurs d'entre eux sont français je crois.
A l'heure actuelle MtGox fonctionne sur la base d'un intermédiaire qui vend une prestation de contrôle (je reçoit les fonds de l'acheteur, je vérifie que tout est en order, puis j'envois les fonds au vendeur). Quand un retrait est fait via SEPA, une facture sur les 2% de frais est émise. Le fait que la société française ne fait pas que bêtement gérer des fonds mais a une prestation fait qu'elle n'agis pas en tant qu'intermédiaire bancaire, mais en tant que réel marchand (la collecte de fonds n'est qu'un effet de la prestation). Cela signifie également que les achats de bitcoin n'ont pas lieu auprès de la société française, mais au Japon~ Sinon je ne sais pas en France, au Japon le bitcoin est actuellement reconnu comme un bien, qui peut être acheté et revendu (comme une vielle console de jeux, par ex). |
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Who is the 2% fee for for Euro transfer ? MtGox or the Bank ?
The 2% fee is mostly for the bank. A small part is reserved for the guy in France who keeps filling customs declarations everyday. |
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First time I receive a bitcoin-related spam (at mtgox.com on top of that). Do me a favor (and yourself). Sign up at bit.ly/btcbonus you get a few
cents. Get more shopping online. don't want any? Just do it for me or a
charity. This is very different from paid to sign up sites that you've
seen. It uses something like paypal but with more potential. You can sent
to me at 1M2ykXxKaMwStGtn7N3zQTWixf3qLxYNGz get your address at
instawallet.org, or with software from bitcoin.org. please forward to your
friends. Take a look at bitcoin.org for more info, a video, and other sites
that use bitcoins. |
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I emailed support and they explained that they still have to manually import Dwolla transactions into MtGox since Dwolla only provides a CSV file for transactions. The money is in my MtGox account now, they should probably just put a note on the 'add funds' page to explain that it might take a few hours to do.
I try to do this as soon as I see the email from dwolla ("you got funds"), except I also take train, go on meetings, sleep, etc Thanks for all your help MagicalTux. I didn't really realize until now that it is mostly just you running everything, so I truly apologize for my past impatience and e-mailing you and stuff. I thought there were a few guys at least-- and in my normal dealings with website businesses, the only way I ever get a response is to e-mail all the different departments and hope one of them ever gets back to me. But from now on, I will be much more patient now that I realize how much you're doing. Thank you for all your hard work, and once more, I'm sorry for bothering you so much!!!! Don't worry, I'll be adding more people (especially to answer the constant flow of emails) |
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I emailed support and they explained that they still have to manually import Dwolla transactions into MtGox since Dwolla only provides a CSV file for transactions. The money is in my MtGox account now, they should probably just put a note on the 'add funds' page to explain that it might take a few hours to do.
I try to do this as soon as I see the email from dwolla ("you got funds"), except I also take train, go on meetings, sleep, etc |
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Is MtGox getting attacked again? I'm unable to access the site.
Attack pattern changed, we're changing settings accordingly. |
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Mt gox has a $50 receiving fee for international wire transfers.
Our receive fee for international wire transfers is 1500¥ (~US$18.57 at this time), not $50~ |
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I like the the low friction of mtgox but if libertyreserve.com is down, doesn't that mean that your dollars are stuck in a mtgox account?
I've seen a few sites that offer to convert small quantities (5 BTC) into online-only credit cards, but most of them have a lot of friction ($5 fee+%)
The bitcoin wiki lists quite a few exchanges, but many of them seem very very dodgy. Is there any reputational system that has emerged to know whether or not an exchange can be trusted?
Thanks,
gofasterplease
This is easy. Use MtGox and set up a Dwolla account. Send an email to info@mtgox.com asking to withdraw to Dwolla. It costs $0.25 per transaction, so you can get up to $1000 for that. Dwolla then can deposit into your checking account for you. The disadvantage of this is speed of the process. You can only do $1000/day, and at times like this when everyone is trying to get money into or out of Mt Gox, there usually is a delay of a few days, as Magical Tux has to wait for previous transactions to clear before he has the capital in the right place to accommodate your request. For info Dwolla withdraws can now be placed online  |
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Thats weird, transaction costs within SEPA zone should be absolutely minimal  Are you potentially considering taking down the Euro withdrawal service from mtGox in the future for any reason? [such as high costs] I hope not SEPA wires are =~free, it's the currency exchange part that is heavily charged Since we manage large amount of funds with a really high cash flow (funds gets in and out quite fast), we are charged 0.4% for any cash move (incoming SEPA, outgoing SEPA, etc). There is also processing fees for automated batch, and all the misc stuff (customs declaration fees, and more). I am evaluating possibilities to move this to something cheaper, and negociating with various banks so we can (hopefully) offer a cheaper service for our customers one day. |
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In Mt. Gox, just go to add funds, then type in how many coins you're going to send, then send the coins to the address it gives you.
Every time I send coins to MtGox, I wonder why MtGox makes me say how many coins I'm going to send. Why not just give me the address, and credit my account with however many coins arrive at that address? Haha, yeah, what is the deal. I like how bitcoin-central just has an address and you can cycle it if you want. Hi, We'll have this here too, soon  Mark |
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mtgox is working well for European people because they have an European bank account. The only problem is that they use dollars, which means that you will loose some money in the dollars->euro conversion.
But it could worth the trouble.
For the USD->EUR exchange we apply ECB's raw rate as published on [ecb euroxref]. It should be quite lossless. We do however have some troubles with the bank billing us incredible fees to get stuff working. |
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UPDATE: it seems we have finally fixed the problem that prevented people from accessing the site without using ssl.
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Transaction is sent as a standard euro transfer (SEPA). Most euro countries will receive those for free (your bank is not allowed to charge you more to receive our transfer than the price you'd pay if you received the same transfer from the same country).
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Interesting. I tried http just now (while you were editing your post!) and it redirected to https. Maybe MagicalTux was redirecting while you were editing and I was testing? :-) Nah, I added a header that says to your browser (if it's intelligent enough) that it shouldn't try to access the site without SSL. |
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Update for LR withdraw: it works again, but not in realtime.
If we have a lot of LR activity (like, about now), withdraws will be put on hold and executed later (ie. the next day) in the order they were received.
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If you want to withdraw large amounts, use international transfer (fee apply). Thank you, but I can't as i don't have a bank account. The only thing i found convenient for me is Western Union or Debit Cards. I'm from Egypt, if you know any other way, please tell me. Thanks. Hi, If you want we might be able to do Western Union, I'd have to ask them what kind of fee applies for your case. Anyway if you have specific needs, feel free to contact me at info@mtgox.com |
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Anybody know of an alternative for international users please?
If you're in Europe, use SEPA. If you want to withdraw large amounts, use international transfer (fee apply). If you're in Japan, we can do stuff too. Anyway, LR should be back by monday. |
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I'm interested in seeing if the solutions we are using are good enough while the market is still small. There is no doubt things are going to grow quite a lot in the future~ |
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