TraderTimm
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Activity: 2408
Merit: 1121
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May 17, 2013, 05:02:13 PM |
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Anyone who keeps a balance on any exchange, in the form of BTC or < insert currency >, should realize that these funds are at risk, and can be "ghosted" at any time. Don't have anything there that you wouldn't be comfortable losing. Given the history of Mt. Gox specifically, I'm amazed that anyone still does.
Dwolla is bad news, period. Using them for any transaction related to BTC carries the same risk. Perhaps this DHS incident will remind people of this fact.
I'd also extend this to the conventional banking system. Don't have anything in there beyond what you can afford to take a 'hit' on. The cold winds of "bail-ins" and other financial chicanery are blowing, and it is just a matter of time before they touch every banking system on the planet.
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fortitudinem multis - catenum regit omnia
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Bitcoinpro
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Activity: 1344
Merit: 1000
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May 18, 2013, 02:44:52 PM |
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I guess this is the fallout from the Coinlab lawsuit?
What does Department of Homeland Security has in common with the Coinlab lawsuit? its definitely for coinlab, could be illegal, unless you have seen the entire coinlab mtgox contract it would be difficult to tell |
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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phelix
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Activity: 1708
Merit: 1020
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May 18, 2013, 08:34:51 PM |
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Why have they removed the link on their home page? Also I can't see the post on facebook any more but it is still here: https://www.facebook.com/MtGox/posts/468895216528224I would like to know how much money was seized. MtGox please give some information. edit: Sent link to this message to magicaltux by pm. |
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sturle
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Activity: 1437
Merit: 1002
https://bitmynt.no
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May 19, 2013, 01:10:38 PM |
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MagicalTux answered this on IRC: 05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that
No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited. |
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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phelix
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Activity: 1708
Merit: 1020
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May 19, 2013, 07:28:10 PM |
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MagicalTux answered this on IRC: 05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that
No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited. Thanks. I hope they really can along with the law suits. Would be interesting to know what is really going on behind the scenes. |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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May 20, 2013, 06:17:36 PM |
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MagicalTux answered this on IRC: 05:41 < zivester> I'm asking, if I have USD in my mtgox account... is that money in Japan or USA (or somewhere else)
05:42 <@MagicalTux> zivester: mostly in Japan
05:42 <@MagicalTux> we had some funds in the US on Dwolla, but we can cover for that
No exact numbers, but that isn't our business. MtGox have often had delays in paying out Dwolla in the past because they never kept much money there. Dwolla has a limit of 5000 USD per transfer as well, so the need for funds on Dwolla is very limited. Thanks. I hope they really can along with the law suits. Would be interesting to know what is really going on behind the scenes. i know there is a limit per month a user can move anyone have a idea ? |
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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420
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June 15, 2013, 06:57:26 PM |
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Prices got real interesting after paypal stopped supporting MTGox, I expect something similar here.
when was that? |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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420
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June 15, 2013, 07:09:45 PM |
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Name: mtgox Posts: 185 Position: Full Member Date Registered: July 17, 2010, 01:00:58 AM Last Active: October 04, 2011, 04:10:27 AM |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Raoul Duke
aka psy
Legendary
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Activity: 1358
Merit: 1002
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June 15, 2013, 07:11:25 PM |
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Name: mtgox Posts: 185 Position: Full Member Date Registered: July 17, 2010, 01:00:58 AM Last Active: October 04, 2011, 04:10:27 AM Jed's account, which he didn't pass on to Mark when he sold the site to him, maybe? |
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