Was just in Vegas, took this pic:  |
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Here is what I think they will post: TOKYO - JAPAN February 10, 2014
Dear MtGox Customers,
Thank you for your patience regarding the temporary suspension of BTC withdrawals. All BTC withdraws were being processed, but not at the rate we want. The volume of pending BTC withdrawls and deposits overloaded our system, and code had to be re-written. We are working around the clock to fix this issue. We expect to begin testing the new software later this week, and resume full withdrawals in the next 7~10 days.
Despite this setback, our vision of becoming the best bitcoin exchange has not changed. Our team is focused on realizing this goal.
As a thank you for your continued patience and support, we are introducing a special 0.49% bonus on any BTC deposit (up to 0.50 btc per account) while we troubleshoot this issue.
Regards
Mt.Gox Co. Ltd Team.
* Look for a '7~10' days to give them some wiggle room. * Look for a trading fee discount / deposit bonus. A deposit bonus might be a giveaway of the severity of the issue, but its funnier to write. A trading discount is more likely. |
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I get the angle shoot  |
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I'd rather be the one enjoying your labor for popsicle sticks.
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Its about time we stop putting the dollar sign in front of mtgox quotes. It hit 1037, but certainly not $1037
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need help again
to trade nmc to xpr
i have to send it to the issue adress and then you'll send it to my ripple??
Sounds like you will need someone to trade xrp for nmc, which is not done by DR, but by others on the ripple network. If you send NMC to your personal nmc address in DR, DR will issue you a receipt for those NMC. DR doesn't make any markets in XRP. |
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This happened late April/May already.
There is a simple explanation: Stamp is liquid. It's the easier one of the lot if you want to get fiat out faster.
Gox wait times go much much worse when the herd heads for the door.
So I speculate that a part of the herd is heading for the door, choosing the fast lane*, which is Stamp. Hence the differential you see.
* That doesn't imply certainty of a short term drop. There are other forces at play.
I just hope bitstamp won't become illiquid if this continues for weeks/months. They may run out of money to back up volumes if Gox refugees and Chinamen keep cashing out there. Cheaper btc prices will attract fiat to bitstamp over other exchanges. |
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Mikcik, I have a question on gold manipulation, hope it is OK to ask in your thread, as this is where the eyes seem to be.
We all saw what happened when MtGox stopped paying out USD, or at least severely rationed USD. The result was the price of MtGox bitcoins (paper bitcoins if you will) rose substantially. If you do business with actual bitcoins, the price is now currently ~17.5% less.
As related to gold, the expectation seems to be that if the Comex runs dry (or stops paying out in real gold), the price of physical will rally to substantial levels above paper gold. But the MtGox episode explains the opposite - that it will be paper gold (comex futures) that explodes higher as it tries to lure physical gold into its coffers.
Conclusion: Physical gold will therefore trade at a significant *discount* to comex futures if there is a run at the comex. Yes?
Nope, Gox Dollars trade at a discount to Physical Dollars because there is significant difficulty in converting Gox Dollars to Real Dollars. Similarly, if there were difficulty in converting Comex Gold into Physical Gold, then the price of Physical Gold would shoot up in relation to the Comex price. Ok, makes sense |
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Mikcik, I have a question on gold manipulation, hope it is OK to ask in your thread, as this is where the eyes seem to be.
We all saw what happened when MtGox stopped paying out USD, or at least severely rationed USD. The result was the price of MtGox bitcoins (paper bitcoins if you will) rose substantially. If you do business with actual bitcoins, the price is now currently ~17.5% less.
As related to gold, the expectation seems to be that if the Comex runs dry (or stops paying out in real gold), the price of physical will rally to substantial levels above paper gold. But the MtGox episode explains the opposite - that it will be paper gold (comex futures) that explodes higher as it tries to lure physical gold into its coffers.
Conclusion: Physical gold will therefore trade at a significant *discount* to comex futures if there is a run at the comex. Yes?
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needing help im new to this, ive done all the above have put my btc adress on redemption and send 1xpr to confirm then my adress appears sayng transfer your ripple funds to rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX?dt=100033916 so ive send 420xpr to trade for btc but it doesnt appear anywere... how can i trade??? what happen to my 420xpr???  ripple adress: rJobBdfopnpnfoz6k12DiP8YhvWNjwCinV btc adress 1FaRvdDhM46R6jdGD8WYCjkWgtxthMnfk7 please reply and give a help proof of send DividendRippler is not an exchange, it does not hold XRP. The exchange is in ripple itself. DividendRippler can exchange BTC for an IOU of a BTC (and vise-versa). It looks like you sent 420 XRP directly to DividendRippler, not to a specific account (which would be automatically refunded). This is similar to writing a check made out to "Bank of America" when you really want to send it to an account holder at the Bank. I'll verify and send the XRP back. thanks so i should use the trade option on rippler with dividendrippler adress?? and what means IOU, sorry to ask im realy new to this  Yes, you'll use the trade option in ripple (warning: the order book was down for the past day or so in the default client). IOU = "I Owe You" - which makes more sense in english Ripple doesn't move any physical assets (such as gold, bitcoins, USD, CNY, etc), but rather a specific receipt for that asset held by a gateway. DividendRippler is one of the gateways. |
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needing help im new to this, ive done all the above have put my btc adress on redemption and send 1xpr to confirm then my adress appears sayng transfer your ripple funds to rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX?dt=100033916 so ive send 420xpr to trade for btc but it doesnt appear anywere... how can i trade??? what happen to my 420xpr??? ripple adress: rJobBdfopnpnfoz6k12DiP8YhvWNjwCinV btc adress 1FaRvdDhM46R6jdGD8WYCjkWgtxthMnfk7 please reply and give a help proof of send DividendRippler is not an exchange, it does not hold XRP. The exchange is in ripple itself. DividendRippler can exchange BTC for an IOU of a BTC (and vise-versa). It looks like you sent 420 XRP directly to DividendRippler, not to a specific account (which would be automatically refunded). This is similar to writing a check made out to "Bank of America" when you really want to send it to an account holder at the Bank. I'll verify and send the XRP back. |
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This is a handy service.. have you thought about adding support for NXT?
Yes, we have talked about it. Exciting times indeed! |
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Please excuse the bump.
An unexpected server issue is going to keep wager processing offline for all chains for the next 24 hours. Sorry for any inconvenience.
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Update 2014-01-17:
DividendRippler had a server issue that doesn't look like it will be fixed until tomorrow (17 January). I apologize for the inconvenience.
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Are there many reports of banks getting upset for receiving wires from bitstamp (for individuals not doing business type transactions)? The stories I hear are sending wires out of the country and those who are obviously engaging in business activity with a personal account.
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Has this idea progressed at all?
The idea I floated definitely has. We have had a website all set up for about a month now, but haven't posted it publicly yet. There are a few details that need addressing (redeeming, getting a PO box?, how long do I plan on doing this?, etc). Holiday downtime did not help, but it is not a forgotten project. |
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When people were connecting computers together in the 1980's, they didn't have the goal of the internet as we know it now, much less websites such as Facebook or Twitter. It was clear that the value of two computers connected together was greater than two computers not connected, so it was done. Protocols were written which are still in use today. Today, there appears to be a value in a public ledger, otherwise it wouldn't be done. The early adopters of the internet failed to see Facebook.com and Twitter.com, but that doesn't mean they didn't see value at the time.
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sometimes an IOU of a bitcoin is worth more than an actual bitcoin and you need services such as ripple or traditional banking system. If you don't currently have the need to keep assets in IOU form, don't do it.
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Last Christmas I gave out delayed bitcoins as a gift using LBAAT.net. The site can *never* know the private key, as it is a combination of something only you know (private key, under scratch off in picture) and secrets that LBAAT.net publishes on a timely manner. All LBAAT secrets are connected and provable, so there is no Tom Foolery. Here is an example of one of the 5 BTC cards I gave away to my nephew: I hope Uncle TTBit gets a decent christmas gift this year. Once the secret is published on christmas 2013, my nephew can combine the secrets and redeem the coins.  |
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* I get a lottery ticket as a birthday gift, but the dog eats it before the drawing. The numbers hit for $100 million, but I can never cash out. Taxable?
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