Thankfully, fiat withdrawals aren't affected, although there still remains the issue that fiat takes a while (more than 4 weeks) to get out of MtGox.
EDIT: Thanks for updating the title appropriately.
Thankfully, fiat withdrawals aren't affected, although there still remains the issue that fiat takes a while (more than 4 weeks) to get out of MtGox.
EDIT: Thanks for updating the title appropriately.
I'm still sort of in shock. I allowed myself to believe it was a good idea to store all of my bitcoin in mtgox, due to their One Time Password protection features.
Once I realized something was up, and realized that only small withdraws of <0.05 BTC were being processed, I spent the last 24 hours salvaging as much as I could. I was able to withdraw 3.4 BTC of my 9.2 total. There are still 0.65 in my MtGox account. The remaining 5.15 are stuck in "withdraw limbo" due to the technical problems. MtGox has set up a system to automatically refund all stuck withdraws exactly 7 days after they get stuck. So, hopefully 7 days from now I'll be able to withdraw the rest, if MtGox allows it.
I hope their Monday update will bring good news...
Once again, sorry about the original title.
I know plenty of people who have BTC and fiat stuck in MtGox. Congrats on getting at least a third of your holdings out. A bunch of people are looking forward to the MtGox update on Monday.
https://bitcointalk.org/index.php?topic=50822.0
So many investors held out much longer that many might have expected, clinging to the belief that pirateat40 was true to his word, and that the Ponzi stench existed only in the minds of cynical observers.
In the end though, the last groups of investors lost almost everything.
The regulators will also keep track of their reserves, particularly if there seems to be a problem.
None of this applies to MtGox; it's an unregulated company running in a country with very different law to that of the countries most of its customers live in.
But he did also accidentally push a bad tx one time (6k BTC iirc), to an unspendable output.
It's a fascinating study in brand loyalty, but is also ultimately hurtful to the Bitcoin community. Customer acceptance of Gox's mediocrity will only ensure that these and even more egregious issues continue to occur.
To be honest, I wouldn't mind another big crash if it finally woke people up to the incompetence, greed, and customer contempt that is Mt. Gox.
Yet somehow, it never does...
Comes at a bad time though, with the latest $200 crash due to the war on Bitcoin apps.
It makes you wonder if it's really a bug if they are just using this an excuse to hide a more significant issue.
Yes, all that's happened is a bug that completely halted trading at a financial service managing millions and millions of dollars worth of assets.
At every point in the sad journey of Mt Gox -- from expertly storing passwords in plaintext (EDIT: actually it was unsalted MD5 hashes, but still, jesus christ) to this awful business of freezing the entire exchange -- the bitcoin community has fallen all over itself to forgive and excuse them.
How much is too much? You people should be calling for someone's head on a damn platter.