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Author Topic: Why no mass exodus from Mt Gox  (Read 3191 times)
Brushan
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April 04, 2013, 07:56:09 AM
 #41

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I really hope they are going to fix their lag soon.. Otherwise they should just close for new members. If they can't handle the volumes today, how will they do it tomorrow?
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April 04, 2013, 08:09:26 AM
 #42

I'm moving to BtcE
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April 04, 2013, 03:02:27 PM
 #43

I think MtGox is still the only exchange that takes the fiat side of the business seriously. Everyone else is so small that they don't have to worry about things as much, and so they're more susceptible to being taken down by law enforcement / losing their money transfer access.

I'm all for competition, but the competition is not yet there.
Bitfloor is registered with FinCEN and keeps their user money in a separate account, for whatever that's worth.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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April 04, 2013, 03:14:24 PM
 #44

The reasons for me to use Bitstamp are these:

1. No fees for depositing money through SEPA.
2. Requires only 3 confirmations when depositing bitcoins.

I understand that the situation is another if you are situated in the US of A.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
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