gog1
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August 12, 2013, 11:36:54 PM |
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Some believe the fund is frozen in some bank accounts and they just cannot meet the withdraw request as they are insolvent.
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prophetx
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August 13, 2013, 12:04:24 AM |
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However, there is no one in the US (that I know of) that currently has all the potential state registrations to take it on. There is at least one company in the process of obtaining those state registrations with the goal of taking over from Mt Gox in the US, which is something Coinlab apparently never even tried to do. Last I heard bitinstant had registered in over 30+ states as of a couple months ago, and anyway there are plenty of businesses who have 49 state msb reg that could buy out the business... this is what a normal company does... https://www.bitinstant.com/updatesbusiness is not rocket science...
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bkava
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August 13, 2013, 12:16:22 AM |
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I currently have an international wire GBP withdrawal from July 11 pending. 4+ weeks delay
The problem is not limited to USD.
If anyone can speak to magicaltux/mtgox ask why all international wires are being delayed if the problem is claimed to be US gov.
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solex
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100 satoshis -> ISO code
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August 13, 2013, 12:24:39 AM |
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I currently have an international wire GBP withdrawal from July 11 pending. 4+ weeks delay
The problem is not limited to USD.
If anyone can speak to magicaltux/mtgox ask why all international wires are being delayed if the problem is claimed to be US gov.
US Gov: Don't you have branches, agencies, corporate accounts and billions of USD in turnover each year, here in the US?UK Bank: Er. Yes. US Gov: Do you want to put all that business at risk for a poxy magical online card gathering account?UK Bank: Er. No.US Gov: Then downgrade that account to "glacial service status" for everythingUK Bank: Er. Yes.
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bkava
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August 13, 2013, 12:35:58 AM |
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I currently have an international wire GBP withdrawal from July 11 pending. 4+ weeks delay
The problem is not limited to USD.
If anyone can speak to magicaltux/mtgox ask why all international wires are being delayed if the problem is claimed to be US gov.
US Gov: Don't you have branches, agencies, corporate accounts and billions of USD in turnover each year, here in the US?UK Bank: Er. Yes. US Gov: Do you want to put all that business at risk for a poxy magical online card gathering account?UK Bank: Er. No.US Gov: Then downgrade that account to "glacial service status" for everythingUK Bank: Er. Yes.While such a scenario is possible it completely fails to explain why MtGox is not more transparent about the exact nature of the problem. If they gave some reasonable detail describing the types of hurdles they were facing the situation would be more manageable. As it is any reasonable person should suspect duplicitous behaviour. (e.g. merged customer/company accounts and liquidity problems)
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justusranvier
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August 13, 2013, 12:52:08 AM |
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While such a scenario is possible it completely fails to explain why MtGox is not more transparent about the exact nature of the problem. If they gave some reasonable detail describing the types of hurdles they were facing the situation would be more manageable. As it is any reasonable person should suspect duplicitous behaviour. (e.g. merged customer/company accounts and liquidity problems)
Supposedly because they are afraid of pissing off the regulators by making everything public, generating news stories, etc.
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lambo
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August 13, 2013, 01:03:18 AM |
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I have a pending withdraw from MtGox over 5 weeks old now(USD). I'm starting to think any money in MtGox is considered lost. I'm forced to buy bitcoins and sell them at 10% loss on other exchanges just to get money out of my cocks account.
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prophetx
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August 13, 2013, 01:05:11 AM |
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I have a pending withdraw from MtGox over 5 weeks old now(USD). I'm starting to think any money in MtGox is considered lost. I'm forced to buy bitcoins and sell them at 10% loss on other exchanges just to get money out of my cocks account.
just use localbitcoins.com you get better rates
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ArticMine
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August 13, 2013, 01:08:50 AM |
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I currently have an international wire GBP withdrawal from July 11 pending. 4+ weeks delay
The problem is not limited to USD.
If anyone can speak to magicaltux/mtgox ask why all international wires are being delayed if the problem is claimed to be US gov.
The real question now is a non US person with no relationship to the US withdrawing fiat other than USD (CAD, EUR, GBP, etc.,) to a bank outside the US. If this is also blocked then the problem is a lot more serious since this is totally outside the control of the US Government.
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justusranvier
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August 13, 2013, 01:10:16 AM |
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The real question now is a non US person with no relationship to the US withdrawing fiat other than USD (CAD, EUR, GBP, etc.,) to a bank outside the US. If this is also blocked then the problem is a lot more serious since this is totally outside the control of the US Government.
You really think the US Government doesn't have control over that?
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ArticMine
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August 13, 2013, 01:24:27 AM |
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The real question now is a non US person with no relationship to the US withdrawing fiat other than USD (CAD, EUR, GBP, etc.,) to a bank outside the US. If this is also blocked then the problem is a lot more serious since this is totally outside the control of the US Government.
You really think the US Government doesn't have control over that? Yes I do. For example Canadian Credit Cards denominated in CAD that have no affiliation with the US can be used in Cuba. 2.) Canadian Credit Cards: Any of the "Big Five" Canadian banks are fine. Royal Bank, TD/Canada Trust, Bank of Montreal, Bank of Nova Scotia and Canadian Imperial Bank of Commerce. No problems with PC Financial or Canadian Tire Mastercards as well. And for our friends in Quebec the National Bank Mastercard and Desjardins Visa also work too. http://www.tripadvisor.ca/Travel-g147270-c109329/Cuba:Caribbean:Money.Exchange.html
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Alpaca Bob
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August 13, 2013, 07:32:13 AM |
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AFAIK international wires go through the backbone of global banking, which consists of the big six (banks) aka the banking cartel. These are of course mostly American.
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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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Ente
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August 13, 2013, 12:22:49 PM |
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/r/bitcoin says: Mt.Gox denying BTC withdrawlshttp://www.reddit.com/r/Bitcoin/comments/1k81p5/mtgox_denying_btc_withdrawls/From what I see, it is several individual cases. Combined with weird user-interface effects (withdraw is accepted, funds deducted, shortly after funds reappear). Some individual(s) said they are asked to get verified. Whoops, nevermind, "service discussion" is full of this already! Ente
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sturle
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August 13, 2013, 12:25:31 PM |
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I don't get it. What is new here? The Dwolla seizure has been known for a while. Have you been living in a cave for the last three months?
No. What Karpeles is confirming is that the USD withdraws are being halted by the US gov. NOT due to problems with Mt.Gox's banking connections, which they have used as an excuse the last 2 months. This essentially means that USD withdraws will not resume for quite some time, if ever. This is pure speculation. From the context I assumed, and still assume, he was referring to the Dwolla case which significantly increased the load on USD bank wires. Why don't you ask him yourself? He is frequently active and answering questions in #mtgox on freenode. I'm sure he would have been there a lot more if it hadn't been for the zombies nagging about scamcoins they want on MtGox whenever he types something. It is early morning in Japan now. He'll be there soon. Here are some new IRC quotes for you, reordered for readability: 13:43 < sturles> SEPA has been delayed for as long as I can remember. I wish MtGox had more SEPA banks, but they generally don't like Bitcoin buisnesses. Perhaps the one in Slovenia which Bitstamp is using could be worth a try? Could be troubled with the same issue, of course. 13:48 <@MagicalTux> sturles, we already applied to that one 13:53 < sturles> MagicalTux: Great! Lower SEPA delays would do wonders! In fact all good news regarding delays would be wonderful at this time.. 13:54 <@MagicalTux> sturles, we've been reducing SEPA delay day by day 13:54 <@MagicalTux> things are much better than one month ago 13:54 < sturles> Have your limits increased? 13:54 <@MagicalTux> nope
This is great news! 13:50 < samson_> MagicalTux: Would you say we're facing a banking embargo on the entire Bitcoin business ? 13:51 <@MagicalTux> samson_, things are not easy, but it's far from what you could qualify as "embargo" 13:51 < samson_> ok thanks
Difficulties (we know that from many countries, e.g. UK), but no organized embargo. 13:58 < sturles> Btw, there are roumous now that USD withdrawals are somehow blocked entirely. Is there any truth to that? Some people intepret this as "US government are blocking all USD withdrawals": <@MagicalTux> cyro432: not much we can do right now because of US govt 13:59 <@MagicalTux> sturles, "blocked" is not the correct word 14:00 < sturles> What is the exact problem then? You can see here how the speculations go: https://bitcointalk.org/index.php?topic=179586.msg2918767#msg2918767 14:01 <@MagicalTux> sturles, we are not allowed to talk about the exact problem (doing so would only make things worse)
That's no explanation of the problem, but explains the lack of news. For other currencies: 13:58 < SleepersTide> MagicalTux: Are Australian bank transfer withdrawals being processed normally? 13:58 < SleepersTide> (also how long do those take?) 14:00 <@MagicalTux> SleepersTide, right now all SWIFT transfers are processed up to the limits of our current bank (up to 10 transfers per day - we should be able to increase that as soon as we have more banking partners ready - it's taking longer than expected because of the time required by the people at the bank to understand our business) 14:10 < sturles> MagicalTux: Why only 10 SWIFT transfers per day? Is that commonplace for customers in your bank? 14:12 <@MagicalTux> sturles, most companies in Japan will do one, maybe two SWIFT transfers a month to providers overseas (actually most will do zero)14:14 < Delerium> when you say transfers per day you mean 10 swift runs (containing LOADS of transfers within) or literally just 10 transfers 14:16 <@MagicalTux> Delerium, literal 14:17 <@MagicalTux> when we were in the second largest bank in Japan, we represented more than half of all the volume of SWIFT processed by that bank (almost overloading their systems a couple of times)
With only 10 withdrawals per day in all other currencies than JPY and EUR, it is going to take time. And he confirms again that MtGox are in fact overloading their bank. The discussion is still going on, btw. About ordering and more about transparency: 14:17 < rfish> MagicalTux: I think you owe it to customers to make the numbers of swift transfers you are doing per day more public and explain the reasons 14:18 <@MagicalTux> rfish, rather than spending time on this, fixing it is likely going to bring more on the long term 14:18 < rfish> MagicalTux: And you should be fair about which you do, like wires greater than X amount, in the order they are received 14:19 <@MagicalTux> those wires are processed in received order, nothing else
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Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010. I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.plWarning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
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Ban Curtain
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August 13, 2013, 12:32:52 PM |
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Seems that my experience is already outdated. I have problems with withdraw of bitcoins. Web site writes me that bitcoin address where I trying to send money to is invalid ("Invalid bitcoin address, please confirm your input"), I tried 3 addresses - the same error (I used the same address as used before ). No support in chat, i hope they'll response me by email. Very suspicious that they stopped to withdraw bitcoins... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) i have withdrawn 10 btcs today without any problems from gox Yeah, today everything works. Sorry for panic. Seems that was technical error
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samson
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August 13, 2013, 12:38:42 PM |
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10 outgoing wires per day is not many at all. I have no plans to withdraw any USD any time soon but I hope this gets sorted out as soon as possible.
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ivanb
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August 13, 2013, 12:48:13 PM |
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SEPA test withdraw of 101€ from 05.08.2013 arrived today! Larger EU withdrwas of 700 - 1000 € didnt arrive after 5 weeks of waiting, so I canceld it.
No more GOX for me!
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samson
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August 13, 2013, 01:04:15 PM |
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No more GOX for me!
Just a quick note to all the MtGox detractors out there : Whatever happens first to MtGox will surely happen to the rest of the exchanges at some point in the future. Any exchange that grows large enough to be useful will experience all sorts of problems - just like MtGox. This applies to things like trade engine lag as well as banking problems. Just try using cryptsy when it's really busy - it grinds to a halt.
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Rampion
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August 13, 2013, 01:38:55 PM |
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No more GOX for me!
Just a quick note to all the MtGox detractors out there : Whatever happens first to MtGox will surely happen to the rest of the exchanges at some point in the future. Any exchange that grows large enough to be useful will experience all sorts of problems - just like MtGox. This applies to things like trade engine lag as well as banking problems. Just try using cryptsy when it's really busy - it grinds to a halt. This.
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