myself (OP)
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chaos is fun...…damental :)
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November 22, 2012, 04:08:55 PM |
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 is this legit ?
via http://www.reddit.com/r/Bitcoin/comments/13mbhd/mtgox_says_theyre_out_of_funds_to_pay_my/if one user deposit 100 and mtgox keep a fee (total about 1%) and other user sell bitcoin and ask for 99 how on earth does mtgox dont have the money ? how come mtgox dont have the CAD for that user ?? |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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malevolent
can into space
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November 22, 2012, 04:14:00 PM |
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Signature space available for rent.
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AndrewBUD
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November 22, 2012, 04:16:04 PM |
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Weird.... Typed "We will not" twice in a row.
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365 |
TM | | | |
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malevolent
can into space
Legendary
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Activity: 3472
Merit: 1721
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November 22, 2012, 04:17:34 PM |
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Weird.... Typed "We will not" twice in a row.
Probably after rewriting a sentence the guy forgot to reread what he wrote. Happens to me quite often. |
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myself (OP)
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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November 22, 2012, 04:18:14 PM |
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MTGOX is not a bank is a exchange |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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malevolent
can into space
Legendary
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November 22, 2012, 04:35:00 PM |
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MTGOX is not a bank is a exchange That does not mean they don't/can't behave like a bank. |
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myself (OP)
Legendary
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Activity: 938
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chaos is fun...…damental :)
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November 22, 2012, 04:35:28 PM |
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MTGOX is not a bank is a exchange That does not mean they don't/can't behave like a bank. they dont have license for banking |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Jaw3bmasters
Full Member
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Activity: 196
Merit: 100
Another block in the wall
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November 22, 2012, 04:53:31 PM |
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Daily threshold perhaps.
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In Cryptography we trust.
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davout
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Activity: 1372
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1davout
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November 22, 2012, 04:59:52 PM |
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Daily threshold perhaps.
Read the OP before posting |
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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November 22, 2012, 05:10:51 PM |
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MTGOX is not a bank is a exchange That does not mean they don't/can't behave like a bank. Bitcoinica's assets supposedly residing on the side comes to mind. |
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malevolent
can into space
Legendary
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November 22, 2012, 06:51:39 PM |
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MTGOX is not a bank is a exchange That does not mean they don't/can't behave like a bank. they dont have license for banking /laɪk/ adjective, ( Poetic ) lik·er, lik·est, preposition, adverb, conjunction, noun, verb, liked, lik·ing, interjection in like manner with; similarly to; in the manner characteristic of: He works like a beaver. resembling (someone or something): He is just like his father. Your necklace is just like mine. |
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Stephen Gornick
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November 22, 2012, 07:03:07 PM |
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MTGOX is not a bank is a exchange Over a year ago, Mt. Gox started to support BTC exchange markets in addition to BTC/USD. If on the BTC/CAD market they were to only show the actual bids and asks just for buying and selling bitcoins with CAD, the depth would be real low and prices would be horrible for buying in any size. But look ... it has depth -- about as good at BTC/USD or any other currency market at Mt. Gox.  - http://bitcoincharts.com/markets/mtgoxCAD_depth.htmlSo what that depth includes are bids and asks from other markets at Mt. Gox, after adjusting for some fee amount to convert those funds to CAD. So Mt. Gox doesn't maintain CADs for each sell into a BTC/CAD bid. Sometimes they need to then convert USDs or EURs or whatever other currency into CADs to serve your withdrawal request. From another thread: Q.) Does [MtGox] maintain full reserve? (i.e., [MtGox] controls bank accounts with all customer USD funds and controls wallets with 100% of BTC funds. None of these amounts loaned out.)
As described in our Terms of Service, customer funds are kept in full, and none are loaned.
So though they do assert that they maintain all customer balances, the value of those funds may not be in the specific currency of which you are wishing to withdraw. So for each of your $1 CAD to be withdrawn Mt. Gox has $1 CAD worth of fiat, just not in CAD. They probably have an active forex account moving funds from the currency where they have excess inventory and filling in the currencies where inventory is low or out. |
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Raoul Duke
aka psy
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November 22, 2012, 07:24:20 PM |
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 Also, how will MtGox's developer solve their lack of funds problem? Code a script to print USD and EUR? lol So much fail on a reply with only 2 lines  |
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myself (OP)
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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November 22, 2012, 07:30:40 PM |
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Also, how will MtGox's developer solve their lack of funds problem? Code a script to print USD and EUR? lol So much fail on a reply with only 2 lines the only way for mtgox to dont have funds is fuckups some there was a fuckup and someone took more money out that they have sould took out and now they dont have the funds .... |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Jaw3bmasters
Full Member
Offline
Activity: 196
Merit: 100
Another block in the wall
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November 22, 2012, 07:32:58 PM |
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Daily threshold perhaps.
Read the OP before posting Daily thresholds automatically load funds whenever a target set by the dev is reached. Mt. Gox may or may not use such a system. |
In Cryptography we trust.
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Stephen Gornick
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November 22, 2012, 07:36:55 PM
Last edit: November 23, 2012, 01:57:32 AM by Stephen Gornick |
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the only way for mtgox to dont have funds is fuckups some there was a fuckup and someone took more money out that they have sould took out and now they dont have the funds ....
Um ... no. It happens because they don't hold CADs to back every bid on the BTC/CAD order book. When you sell into those bids, and Mt. Gox's estimate of how much selling into the BTC/CAD would occur was too little, they then need to convert funds from some other currency they hold. Scroll up. It's all explained for you. |
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myself (OP)
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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November 22, 2012, 08:07:22 PM |
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Scroll up. It's all explained for you.
i did not read ur post sry |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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rini17
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November 22, 2012, 09:53:46 PM |
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the only way for mtgox to dont have funds is fuckups some there was a fuckup and someone took more money out that they have sould took out and now they dont have the funds ....
Um ... no. It happens because they don't hold CADs to back every bid on the BTC/CAD order book. When you sell into those bids, and Mt. Gox's estimate of how much selling into the BTC/CAD would occur, they need to convert funds from some other currency they hold. Scroll up. It's all explained for you. Of course they don't back every bid in every supported currency. But they certainly are able to proceed with USD to CAD conversion in much shorter time than a month (see date of the ticket), instead of waiting and then issuing such a fucked up response, don't you think? EDIT: And how did this happen that we're accustomed to such a dismal customer service and even apologize for it? |
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Mt.Gox_Support_Natalie
Newbie
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November 23, 2012, 01:26:00 AM |
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Hello,
My name is Natalie and I am responsible for our customer support. Due to insufficient CAD on our account at the moment, we are unable to send CAD withdrawals and today is a public holiday in Japan. We will be working on having the conversion done after the long weekend to have enough CAD in order to process your withdrawal. Our apologies once again for the delay and inconvenience this has caused and thank you for your patience while we are working to resolve this matter.
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DoomDumas
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Merit: 1000
Bitcoin
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November 23, 2012, 03:29:50 AM |
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MTGOX is not a bank is a exchange They have multiple currency involved, maybe it's a lack of CAD, and there is a surplus in another currency, they must convert ! However, MtGox makes so much profit daily, I doubt they could run out of any currency, unless too much fiat have been withdrawn.. I would think it's BS, but MtGox made me few strange call, few orders that should have been executed and did not, and ticket where resolved with non-sense explanation.. Too many miss ! I simply removed all my fund almost a year ago, and I dont think I'll ever trade with them again. |
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