Blast from the past! Mtgox: Promises and Reality

[ineededausername]

Everything will still work the same as always for the time being. But expect a lot of positive changes after he takes over including:
Automatic (and free) funding from Euro accounts.
Automatic ACH deposit and withdrawal.
Margin trading.
Interface redesign.
Lifting the $1000 a day withdrawal limit.

I'll leave you to decide how Mtgox is doing.

[1714821157]

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[1714821157]

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[1714821157]

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[1714821157]

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[1714821157]

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[Drifter]

Everything will still work the same as always for the time being. But expect a lot of positive changes after he takes over including:
Automatic (and free) funding from Euro accounts.
Automatic ACH deposit and withdrawal.
Margin trading.
Interface redesign.
Lifting the $1000 a day withdrawal limit.

I'll leave you to decide how Mtgox is doing.

I'm guessing this was from Jed?
Well, MTG was a US only exchange then I believe. The interface has been redesigned and the $1000 limit can be lifted by verification. No margin trading. No automatic ACH but Dwolla has essentially taken charge of that. Furthermore it hasn't even been a year.

I think they're doing pretty good.

[plogank]

I'm guessing this was from Jed?
Well, MTG was a US only exchange then I believe. The interface has been redesigned and the $1000 limit can be lifted by verification. No margin trading. No automatic ACH but Dwolla has essentially taken charge of that. Furthermore it hasn't even been a year.

I think they're doing pretty good.

Interesting, I'm a verified MtGox customer and my limit is still $1000.  I just checked.  Not that I'm going to withdraw that amount any time soon.

[casascius]

Be thankful for the limits if you ever get hacked.

The limit gets raised if you ask.

[ineededausername]

it hasn't even been a year.

Please explain to me how something like margin trading takes more than a year.  In fact, mtgox was so slow that zhoutong went ahead and made Bitcoinica.

Now mtgox wants to reverse the effects of their incompetence by blocking Bitcoinica from timely withdrawals.

[zhoutong]

it hasn't even been a year.

Please explain to me how something like margin trading takes more than a year.  In fact, mtgox was so slow that zhoutong went ahead and made Bitcoinica.

Now mtgox wants to reverse the effects of their incompetence by blocking Bitcoinica from timely withdrawals.

Seriously, if I work at Mt. Gox, I wouldn't be able to finish margin trading in a year. Mt. Gox has a very professional trading engine and I don't know how to add margin trading facility effectively.

That's why Bitcoinica is not an exchange and will never be. I initially had the idea of Bitcoinica on September 3, shared with a few friends, and then launched on September 9.