In the second statement, they say USDs withdraws are not suspended, but that they are being processed slowly. After the term of the second week, they will just say that things are now almost normal, but because of all the withdraw requests their processing will take some time. That will give them two weeks more. In the end, the consequences will be dependent on the real cause of the delays. If Citibank is indeed blocking transfers to MtGox, other American banks might adopt the same policy...
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Since Ripple is a centralized anonymous system, it's an obvious target to be seized soon or later under money laundering accusations. It's curious how the liberty reserve case didn't affect XRP's price.
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I guess Ripple is acting like De Beers.
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It's impossible to guess the number of XRPs in circulation. Only a few developers know how much they received and how much they already sold on the market. But they promised to give away 50 billions (half of all XRPs) and it seems they decided to ignore that promise. The giving away thread has 5877 answers. Even if all of they were eligible and received on average 40,000 XRPs each, we would reach only about 235 million XRPs. That's nothing. But they kept limiting the number of XRPs for each given away. The recent given away to the subscribers of their mailing list was of 1000 XRPs? It seems clear that the 50 billion XRPs will never been given away, but probably kept in the developers deep pockets. Are they limiting the number to be given away in order to make the price of XRPs increase to get rich faster? Without a correct number about how many XRPs are in circulation, one can only use the 100 billion. In the end, they exist and can be sold by who ever controls Ripple. With this figure, Ripple is worth 2 billion USDs and that is a joke. All altcoins are loosing value (except novacoin), I doubt XRP can resist this (temporary) pessimism. I suspect we will be able to buy XRPs much cheaper than the current price. XRPs were once at 10,000 XRPs per bitcoin and then dropped to more than 130,000 per bitcoin: it might happen again.
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The new trust system didn't change these rules. Ratings and positive comments will create a more accessible reputation.
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Anyone can contact the owner using these emails: martin&cryptonit.net klinkigt&googlemail.com You know what to put instead of & Since cryptonit is an one man exchange, there have been some delays, but he always ended up answering me and solving my problems.
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Just a few days ago, but the matter is still unclear, they might start again trading normally. People that have there lindens, can still trade. They just don't accept new linden deposits.
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https://www.virwox.com/index.php (you have to be log off for this link to work) "2013-05-15: UPDATE regarding changes in Linden Lab's TOS Linden Lab has recently changed their Terms of Service. As a result, we are currently not able to offer our service to Second Life residents. This means that our in-world terminal can currently not accept Linden Dollars from Second Life and there can be no payouts of Linden Dollars to Second Life. Other currencies are not affected. If you have Linden Dollars on your VirWoX account, you may still exchange them to another currency and request a payout. Good News: Linden Lab has approached us with a potential solution that would allow us to serve our customers within the bounds of the updated Second Life Terms of Service. We are in discussions with them and look forward to being able to share more information very soon. Please refrain from sending us support messages about this issue, at the moment we will not be able to give you more information. Thank you for your patience and understanding."
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Yes, they are both legitimate, no doubt about it. I have money in both, never had a problem. However, Vircurex don't accept credit cards. Virwox is having problems because of a new Second Life policy interdicting other exchanges to trade lindens. So, better wait before doing anything.
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In his main page, Virwox is saying that there might be possible to reach and understanding about LL on exchanging lindens, therefore, wait some time.
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If he is a member of the forum, open a thread here with his nick on the subject: https://bitcointalk.org/index.php?board=83.0If he isn't a member, you can also open a thread with real life details or whatever data you have on him (maybe after warning him first). Post evidence, like scans of PM or emails, or the accusation will have little value.
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No need to adapt the escrow to each coin (except to start: bitcoin and litecoin), to make the parties identify each terms of the deal or to make both send the money to the escrow system. It's possible to use a system similar to bitmit: only the one paying with bitcoins/litecoins has to send to the escrow system. The other party only receives the bitcoins/litecoins after the sending bitcoins party confirms he received the thing paid. See better explanation here: https://bitcointalk.org/index.php?topic=199658.0After, it would be possible to adapt the system to other forms of payment. But, to check the reception of the marker, probably it would be enough a payment in bitcoins and litecoins, since most transactions involve them.
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Bumps will be certainly appreciated by newbies and might save them from a scam.
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