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1  Other / Beginners & Help / Re: MtGox Verification on: January 29, 2014, 07:20:32 PM
Ya mt gox is bad news, this account was already verified and info faxed before, now they want me to do it again. Just lame excuses to keep funds imo. When asking why i can't do a bank transfer I get this.... Glad i already took my assets out. Theres a reason mtgox is so high, and not because the demand in japan is magically higher...

Hello *****,

We regret to inform you that the Withdrawal Centre method you created for ******** on ****** was rejected by our validation system, for the following reason :

To have your bank account verified you should first fill in the identity form associated to your Mt.Gox account(write in your name, DOB, address etc).

In order you can do that, we have to downgrade your account. Once you filled the form, your account will be upgraded to "verified" status again.

When your account is downgraded you will not be able to complete trades or do any transactions, so we suggest you to finish all activities on your account, tell us that you are ready, we will downgrade your account, you will fill in the form and let us know asap that you are done so that your account can be returned to verified status quickly.

As a first step, let us know when you are ready to fill in the form.

If you would like further information or assistance in relation to this, please do not hesitate to contact support at support@mtgox.com.

Kind regards

MtGox Support Team
2  Other / Beginners & Help / Re: Problem with GigabyteFXA-UD3 with 6 GPU`s and Linux Bamt on: January 12, 2014, 04:58:46 PM
Try windows 8.1, at least then you'll know if its a hardware or software thing, then you can go back to bamt if you want.

I have 6 r9 290 running on that gigabyte mobo with 1x powered raisers if it helps.
3  Other / Beginners & Help / Re: How much will transaction fees eventually be? on: January 12, 2014, 04:47:57 PM
If bitcoin becomes worldwide accepted you will probably get a race to the bottom resulting to next to nothing percentage on you transactions.

If the current protocol isn't changed, then you will more likely get a race to the top resulting in very high transaction fees that result in bitcoin only being useful for large value transactions.


It'll be interesting to see how the transaction fees affect Bitcoin. Could it ultimately lead to its downfall if it becomes unprofitable to mine or too expensive to send?

I thought about this too. Since some places have really cheap power i don't see it becoming unprofitable to verify transactions. How could it get any more expensive then banks already charge. Also there might be a transaction fee but the currency will not be getting inflated like before either and this provides value and more tolerance for a bit higher fees imo.
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