I am calling BS. My withdrawal (several thousands of dollars) has been pending since 16th february. All Bitstamp did was sending of KYC questions on 18th. Since then NOTHING. And no I canīt use the money for trades either, they are just floating in limbo right now.
The problem everyone is talking about is BTC not $ |
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Dunno why people are insinuating that people are trying to spread FUD saying that they have been stopped their btc withdrawals from stamp. How many people do you need to report the same thing before you beleive it. Oh here's my proof (check the date and time)  About 50% of the last few minutes of messages explain to you that it is not a problem, and yet you still don't read them.... |
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OK there is nothing wrong, I just contacted Bitstamp (I live near them) and they activated withdrawals for me right away, they told me it is a safety precaution, and they will make an annoucment and send e-mails with instructions to how withdraw..
so just be patient...
 Thank you for actually checking! At least Bitcoin's users still know how to talk to each other. |
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Verify Account
Customer ID:xxxxx
Status:Verified
Two-factor authentication
Enabled
Two-factor authentication is enabled.
Bitcoin Withdrawal
You are not allowed to withdraw bitcoins at the moment.
Is it country specific?, Are people 'not allowed' in the US? |
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I successfully withdrew coins a few hours ago, I have used Bitinstant and have 2FA and verified
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Did bitstamp ever support deposits through bitinstant?
Yes it did, you could use Bitinstant to arg between Gox and Stamp |
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sarcasm(sarcasm(x)) = x sarcasm(sarcasm(sarcasm(x))) =  I'm lost. Sarcasm.. whats that? |
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2 days news full of bullshit Say hello to my ignore list full of FUDer + i'll not coming to the 1K party... what are you talking about, dude ? this is obviously just fun. donīt take it personal. OK... but I'm pissed you made me work... I had to google translate it.  |
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Holy Macaroni Guys!
WTF!!
You n00bs need to step away from the SpamSell button.
Seriously, 10 more minutes until 7PM Gox Time?
But, will it yield result?
You'd think PR & Legal are hobbling *something* together... anything!
(2 weeks?)
Yes, we all know that '2 weeks' works, even if nobody believes it, it gives them something to hang on to |
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2 days news full of bullshit Say hello to my ignore list full of FUDer + i'll not coming to the 1K party since you no seem really trustworthy +1 |
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japanese police is investigating mtgox. thatīs why mk is talking strange stuff. they were forced to move out. japanese government will declare bitcoin illegal in japan. insiders know it, dump their coins for any price, since they know they get the dollars after investigation/dissolving of gox is over.
confirmed. confirmed. confirmed. confirmed. confirmed.confirmed.
FTFY... we need 6 to be sure |
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It is not dishonest if people know it is a zero-sum game with uncertain odds, before they join.
No that is wrong, the test for dishonesty is not dependant on the recipients understanding, it is dependant on the perpetrators intent. (or an objective test - by the 'man in the street') The Ponzi case has a very specific legal meaning, blurring this meaning, invalidates the comparison. |
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So, in that aspect bitcoin trading is indeed a classical Ponzi schema: the money invested by new members is used to pay the large profits of the early joiners -- if these are smart enough cash out while the price is higher than what they paid for their coins. The net effect of the game is to shift money from the late entrant' pockets to those of the early entrants.
A Ponzi scheme requires dishonesty (in the legal sense). Bitcoin is clearly not dishonest. A Ponzi scheme is centralised. Bitcoin has no centralised controlling person. It's the same as me calling someone who driving a car in a fatal road accident, a murderer. Even though the key element of the murder is not present (the intent) the rest of the offence is made out. Using the word Ponzi is misleading, manipulative and simply wrong. |
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Well, you don't usually move address if you are insolvent, so either downsizing or upsizing. From google maps this building appears to have an underground car park, with security. Perhaps now MK can drive into work and avoid any demonstrations at the door. |
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Yes. I have been posting to forums for some 35 years, and I still keep making the same mistake, over and over again: thinking that readers will recognize blatant sarcasm even without the "  " Wait a minute. I was a BBS user back in the time of 300bps modems. Emoticons were invented in the mid 80's, so your statement is technically false.  Doh! sarcasm... I expect only the British to use this I did consider that it was sarcasm, but to be honest after reading the first question * How many weeks does it take for the network to process a transfer of a few thousand bitcoins from MtGOX's cold wallet to MtGOX's hot wallet? The sarcasm was sort of lost on me, I assumed it was ignorance, because the issue is not how long it takes, but time and human effort involved, I guess it's my bad Based on your experience I should have know better. |
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Also, it makes sense to keep the hot wallet small to reduce the risk.
You already know that I am totally ignorant on how bitcoin works, and too old to learn; so forgive me for asking: 1* How many weeks does it take for the network to process a transfer of a few thousand bitcoins from MtGOX's cold wallet to MtGOX's hot wallet? 2* How many such transfers from the same wallet can the network handle per month? 3* If bitcoins were transferred into a wallet using certain custom software, can they be transferred out using a different software? 4* If so, how much would MtGOX have to pay for a software that they could use to process the pending withdrawals, while they fix theirs? 1) To transfer coins from a cold wallet to a hot wallet is instant. (approx 10mins, or 1 confirmation to be sure) 2) Unlimited transfers (within reason) per month 3) Yes, all software makes transactions on the blockchain 4) No idea, I'm guessing though trust is a major issue when it comes to wallet software. Would you really trust an unknown contractor who was indirectly given access $50million worth of BTC not to leave a back door? This is probably why Mark wants to control the whole process and why he is being thinly spread. Jorge you should really get some Bitcoins and play with some of the software and wallets a little, just so you understand what its like to use. |
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Actually - allowing limited withdrawals makes sense - they must fear a 'run' on BTC either crashing the exchange (with it's new software fix being untested, too) - or meaning they have so little liquidity that their business is finished.
Allowing 'some' withdrawals will mean people wish to hold BTC instead of Fiat, which will inflate the price on Gox, and at this point, some people might decide to stay.
If Gox is clever, it will still have a business left. Don't get me wrong - I will be the first in the queue to get out, but it is a logical solution.
I did think this was their only logical way out (assuming they really do intend to stay in the game).
Also, it makes sense to keep the hot wallet small to reduce the risk. With the huge pressure for a fix from the community, there must be a balance struck between thorough testing and going live untested. Limited withdrawals, and thus hot wallet size, allows that risk to be controlled if a flaw is discovered by a black hat. |
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Why do bitcoiners still refer to MtGOX as "the main bitcoin exchange", or even as a bitcoin exchange at all? For sentimentalism? For personal friendship? Because Mark is "one of us"?
Because they still have the nerve to say "Trade with confidence on the world's largest Bitcoin exchange!" on the front page |
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This is good news for Bitstamp holders, there will be no mass dump of the cheap coins bought up on Gox, because there is a withdrawal limit.
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