MtGox withdrawal delays [Gathering]

[Taborresen]

When the bankruptcy is executed, the BTC IOU's are assigned fiat value according to the day of bankruptcy. So the cheaper they can push them, using all the methods available, the less they owe. Legally, Gox can pay all that is owed, but the 2 years the court process takes, makes all the difference on who holds the goodies in the end.

You make some good points, but there is no way a court will use the Gox price when they set the market value of the BTC. For this plan to work they will need to somehow crash the price at the other exchanges as well. If your theory is correct we will see someone dump huge amounts all over the place and then have Gox declare bankruptcy.

When I lift my eyes, this is all I see around me...

Former military. Intelligence, electonic warfare or something. Seems paranoid to me.

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[Chancellor]

They changed my 7 jan SEPA withdraw status to pending , i see this as a sign like: let us clean the house before opening the btc gates, and whoever ask for fiat should now deposit new fresh money if wants to buy our cheap btc !

My SEPA withdrawals from the 2nd, 3rd and 4th still have status "Confirmed". I had no withdrawals in the 20 days before that.
I think you're making up some positive story to get people to "deposit new fresh money" at MtGox.

To my surprise, my SEPA withdrawal from 28 Jan not only has changed status to pending, but also arrived to my bank account today . However it is just 100 EUR.

[Its About Sharing]

because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.

You guys should be honored that Jason stops by. He is sort of famous around here, probably a bit bitter as well.
https://bitcointalk.org/index.php?topic=169651.0 

[OhShei8e]

To my surprise, my SEPA withdrawal from 28 Jan not only has changed status to pending, but also arrived to my bank account today . However it is just 100 EUR.

There are now sure a lot of people in line now. Almost all have sold and must get out the FIAT. Coins are indeed locked. By the way: Something new from Gox?

[Hen0xyd]

There seems to be good news everywhere that Gox will resume BTC TX soonish. Any scenario where this could not happen? Unless Gox is developing a huge scam, TX should resume soon, right?

All winds blow to they will be back on track very soon  

Source for the good news?

They changed my 7 jan SEPA withdraw status to pending , i see this as a sign like: let us clean the house before opening the btc gates, and whoever ask for fiat should now deposit new fresh money if wants to buy our cheap btc !

I think you talk BS... my SEPA from 3 Jan. is still on 'confirmed'.

I also requested a small withdraw (160+€) on 27th Jan. and its status changed from 'confirmed' to 'pending', it's not bullshit. Still it's small amounts and only information, I guess queue is processing but it's definitly only some information, not a "MtGox is solvent and cool" statement. Plus this thread name is "MtGox withdrawal delays [Gathering]" so don't be mad if people are posting their story about their withdrawals...

Edit : btw, remember BTC withdrawals and Fiat ones are not related

[mitus-2]

There seems to be good news everywhere that Gox will resume BTC TX soonish. Any scenario where this could not happen? Unless Gox is developing a huge scam, TX should resume soon, right?

All winds blow to they will be back on track very soon  

Source for the good news?

They changed my 7 jan SEPA withdraw status to pending , i see this as a sign like: let us clean the house before opening the btc gates, and whoever ask for fiat should now deposit new fresh money if wants to buy our cheap btc !

I think you talk BS... my SEPA from 3 Jan. is still on 'confirmed'.

I also requested a small withdraw (160+€) on 27th Jan. and its status changed from 'confirmed' to 'pending', it's not bullshit. Still it's small amounts and only information, I guess queue is processing but it's definitly only some information, not a "MtGox is solvent and cool" statement. Plus this thread name is "MtGox withdrawal delays [Gathering]" so don't be mad if people are posting their story about their withdrawals...

Edit : btw, remember BTC withdrawals and Fiat ones are not related

wow! finally some improvements! i got one SEPA withdrawal since 29th, still confirmed, but the amount is larger.
i'll keep you posted

[smoothie]

VIDEO at MTGOX ...lol https://www.youtube.com/watch?feature=player_embedded&v=ob9Ak1t09Ao

[Petopas]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

[Bitsinmyhead]

There are now sure a lot of people in line now. Almost all have sold and must get out the FIAT. Coins are indeed locked. By the way: Something new from Gox?

If you have fiat waiting in line to cash out from Gox at this point you are doing it wrong. I bet a lot of big cash-outs have been canceled the last couple of days.

[smoothie]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

[raskul]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

still blaming the 'T-M' and not their own method of accounting I see.

[BitPaulo]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

"(...) Once the implementation is complete customers will again be able to deposit bitcoin, but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on Monday ."


Well something is happening, still no confirmation on BTC withdrawals though.

There seems to be 2 issues here:

1. Withdrawal of BTCs

2. Gox manipulated the market with this issue


It looks like the withdrawal of BTCs will be resolved soon (still speculative though).

For me personally, the second issue is pretty much irrelevant, bc I will get my BTCs out of there as soon as I can and never work with Gox again. And I will never be able to take Gox to court for the loss I incurred with this (my time and paying lawyers will be more expensive than the money I could get ever back).
As I can't fix that problem, it stops being a problem for me. Even if personally I am very pissed with them and I am sure many people are incredibly angry with them due to the large amount of financial losses.

I can sleep better tonight.

[kano]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

still blaming the 'T-M' and not their own method of accounting I see.

Of course, it's above their intelligence level to understand the full details - so they are expected to blame someone else for their own stupidity level.

[raskul]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

still blaming the 'T-M' and not their own method of accounting I see.

Of course, it's above their intelligence level to understand the full details - so they are expected to blame someone else for their own stupidity level.

but intelligent enough to commit a financial services crime;

2. Gox manipulated the market with this issue

mind you, it could also be put into the pigeon hole of 'complete and utter stupidity'

[cAPSLOCK]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
"Relax, " said the night man,
"We are programmed to receive.
You can check-out any time you like,
But you can never leave! "

[kano]

maintenance schedule @mtgox:
https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

Yup you can still deposit bitcoin but you can't withdraw.

Really not that surprising.

still blaming the 'T-M' and not their own method of accounting I see.

Of course, it's above their intelligence level to understand the full details - so they are expected to blame someone else for their own stupidity level.

but intelligent enough to commit a financial services crime;

2. Gox manipulated the market with this issue

mind you, it could also be put into the pigeon hole of 'complete and utter stupidity'

Well ... it's a known issue for almost 2 years, even on the Wiki for over a year ... and the longest standing BTC exchange still did it wrong ...
Certainly sounds like a bunch of morons to me.

No doubt once they came up with the excuse to stop people getting their BTC, they then played the financial scam to to advantage.
Clearly software design skills and financial scam skills are unrelated ... as MtGox has proven

[raskul]

but intelligent enough to commit a financial services crime;

2. Gox manipulated the market with this issue

mind you, it could also be put into the pigeon hole of 'complete and utter stupidity'

Well ... it's a known issue for almost 2 years, even on the Wiki for over a year ... and the longest standing BTC exchange still did it wrong ...
Certainly sounds like a bunch of morons to me.

No doubt once they came up with the excuse to stop people getting their BTC, they then played the financial scam to to advantage.
Clearly software design skills and financial scam skills are unrelated ... as MtGox has proven

indeed, where the incompetence of their software dev's was the first problem, and could be seen as simple human error, the events which have evolved over the past week or so (months - with regards to fiat withdrawals) are unforgivable.

[smoothie]

but intelligent enough to commit a financial services crime;

2. Gox manipulated the market with this issue

mind you, it could also be put into the pigeon hole of 'complete and utter stupidity'

Well ... it's a known issue for almost 2 years, even on the Wiki for over a year ... and the longest standing BTC exchange still did it wrong ...
Certainly sounds like a bunch of morons to me.

No doubt once they came up with the excuse to stop people getting their BTC, they then played the financial scam to to advantage.
Clearly software design skills and financial scam skills are unrelated ... as MtGox has proven

indeed, where the incompetence of their software dev's was the first problem, and could be seen as simple human error, the events which have evolved over the past week or so (months - with regards to fiat withdrawals) are unforgivable.

One look at the price disparity between MTGOX and all other Bitcoin exchanges and it becomes clear, the market has spoken and called MTGOX out on its BS.

[Zarathustra]

It is interesting the goxBTC is trading at only 50-60% of bsBTC. Have you thought about the following scenario:

I think they are just too stupid to fix the problem within the same timeframe as the other exchanges are able to.
As soon as they are, the price will jump onto the level of bitstamp or higher again. If I had FIAT there I would buy GOX-BTCs now.

[vints998]

Fresh statement posted at Gox, in case you have not seen it yet.