Blast from the past! Mtgox: Promises and Reality

zhoutong

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Quote from: ineededausername on December 18, 2011, 10:51:35 PM

Quote from: Drifter on December 18, 2011, 06:34:12 PM

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.

ineededausername

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Quote from: Drifter on December 18, 2011, 06:34:12 PM

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.

casascius

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The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Be thankful for the limits if you ever get hacked.

The limit gets raised if you ask.

plogank

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Quote from: Drifter on December 18, 2011, 06:34:12 PM

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.

Drifter

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Quote from: ineededausername on December 18, 2011, 06:18:04 PM

Quote from: mtgox on March 05, 2011, 08:23:19 PM

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.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: mtgox on March 05, 2011, 08:23:19 PM

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.

Topic: Blast from the past! Mtgox: Promises and Reality (Read 947 times)