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When I do international wire transfers from MtGox they go from a New York bank.
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Where do you get MtGox international wire transfers from? I've got some from their Chase Morgan New York account - I am afraid that the US authorities could close this one as well after the Dwolla related one.
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Where does MtGox send international wire transfers from? Recently I got some from Chase Morgan in New York - has US authorities closed this one as well?
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Is it different this time? There are lots of things that are different from 2011 - the hype is much bigger - but so was the peak price. The hype was driving the price up and so it was factored in the peak price.
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And please don't say something stupid like "This is a good thing, it keeps people honest".
It's not stupid, it's the truth. Yes, irrationality can trigger a stampede, but that will only be a problem for those exchanges that practice fractional reserve banking. Then that is the problem, not the XRP exchange rate, and the offending exchanges will be quickly eliminated, thus solving the problem. I'm not going to hold large sums of money at an exchange, or in the form of IOUs until they have earned my trust, which may take a very long time. Unless of course the "Good" (non-fractional reserve) gateways had allowed people to redeem IOUs from other gateways before they realized there was run on; in which case their reserves (which includes IOUs from other gateways) are no longer sufficient to cover their own IOUs; despite being 100% funded. ... How about only letting people redeem IOUs that the gateway can immediately redeem itself? In a transaction - so that the gateway does not need to take risks - but still accept all kinds of IOUs (that are issued by nodes reachable from it). |
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Hmm - indeed pretty bad - but some claims are not true (OpenCoin is not hiding that the 100 billion coins are premined), some are speculative - like the fact that Ripple will not be OpenSource when it is released. I would agree that it it not worth a look if it is not 100% Open Source, and OpenCoin made a big mistake to declare it Open Source when it is only planned to be Open Source - but if you say that it is scam because it is not Open Source and they release it as Open Source then your argument is invalidated and you are left with an angry page with no true arguments. |
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If they don't release the source code of Ripple server, there is no guarantee that the network runs the way they told you, it could just be another centralized e-cash, opencoin can withdraw at anytime and the network will stop to function.
If they do release the source code, then the Ripple framework would be infinitely replicable, anyone can just go and create their own Ripple network and release their own XRP, this could potentially mean that XRP has no value at all because it doesn't require a backup by computational power.
If they don't release the source then there is not much to discuss - nobody will use it. |
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I am intrigued by the clearing house idea. Somehow it is not advertised or explained much on the Ripple.com site - but they claim to be an implementation of the original Ripple idea that was about a distributed clearing house. I believe that having trust factored into the system as a variable that is directly manipulated by users might lead to a system more robust against bubbles.
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Altcoins are not real competition for bitcoin. They don't provide any substantial advantage over bitcoin - it's all the same digital gold - but Ripple with the distributed clearing house idea is something quite a bit more complex and potentially enabling.
On the other hand OpenCoin declares to discourage XRP speculating and they have all 100 billion XRPs already created - so it might not gain such notoriety as Bitcoin.
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First they lost my physical mails and asked me for trucking number then they denied my application - reason "The submitted documentation was not uploaded correctly." - but I did not upload them at all - I mailed them as per the instructions. They have also emailed me with instructions to fill in the form for 'Verified' status (even though I was applying for 'Trusted' - but what ever) with 'Be aware that you can skip the "upload documents" part'.
I am not really surprised by the incompetence - but it is also very convenient for them to make it impossible for people to withdraw money from MtGox.
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...  ...  ... The 2011 bubble broke the long-term trend on the way down. I remember how S3052 was so sure that it would not - but it did and all hell broke lose. |
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I sent apostilled documents that should have reached them on about 2013-04-30 and got the trusted status yesterday, 2013-05-07, exactly a week later.
Not that it helps me much considering MtGox has been unable send out any significant amount of EUR for at least a month now.
Did they somehow acknowledged receiving the documents? |
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...Why are those impossible? Many companies ask for notarized translations of foreign documents.
I Googled You cannot notarize a document or ID... you can only notarize a SIGNATURE on a document. You must prove to the notary that you are the person named in the document and the notary must personally observe you sign... so..... it can't be done on a government issued ID that has been previously signed. Google's being terribly unreliable then. Translations are notarised all the time as being accurate. Perhaps the problem is that the term is used differently in different jurisdictions. The witnessing of signatures is only one function performed by authorised notaries. Translated documents must either be notarised by an Australian Notary Public, or have been translated and signed/stamped by the accredited translating service - the National Authority for Accredited Translators and Interpreters (NAATI). If you are dealing with a private translation company, please ensure the translator signs the document and that they include their NAATI details. http://www.smartraveller.gov.au/services/legalising-documents.htmlIn Poland notaries don't do translations - then can only confirm that a copy is identical with the original. But you can do a translation with a 'certified translator' and so 'certified translation' of a notarized copy (with apostille) is all you can get. |
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 EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right? Looks like a bearish pennant. |
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When you say verified - do you mean the 'Verified' level or the 'Trusted' level?
TBH I didn't realize there was a difference? Verified as in - Provided Passport Photo ID & Utility Bill approved by Mt Gox What is "Trusted" Level? Trusted is notarized copy of ID with apostille and translation plus UtilityBill and some other stuff. It is also described in very vague way - so you never know if you did all that is required, not to mention that somethings are impossible - like 'notarized translation' or adding 'notarized for MtGox verification' on the notarized copy of ID. |
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Someone should graph the the occurrences of this image in this forum - I am sure that can be used as a kind of indicator.
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Still waiting in line to be verified.  Do you mind if I ask what date you signed up and what number you are in the que currently? Just curious because it took me approximately 13 days to get verified When you say verified - do you mean the 'Verified' level or the 'Trusted' level? |
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Slow and steady? It went from 80 to 120 in two days!
Ha ha - I don't know what people are thinking here - 50% in two days is more then crazy even on bitcoin standards. |
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Still waiting in line to be verified. Did you get any information back from the AML team? Like your number in queue or something? |
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