MtGox fee to high? (0.65%) - page 2.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: Hawkix on June 02, 2011, 03:30:39 PM

Dude, you know what is the biggest problem? People like you who think they know how other people SHOULD (or later MUST) act.

If you think MtGox takes too much, use other exchange. Or, better, start your own new exchange taking just 0.05% as you proposed. You will be happy, maybe we, too. Better not ask how much robbery fee I had to shell out to my bank to accept EURO SEPA payment from MtGox and convert it to my local currency.

If you think some have too much Bitcoins, you should CPU-mined them last year. When the price of electricity was larger than what was their price.

Check Google Finance. You will see buying Apple stock in 2003 also could make a lot of people insanely rich nowadays. Should they now give a part to you?

you are wrong.

i have never said people MUST do something, and i never will. it their coins its them who decides what to do with them.
i DON'T want their coins.
i have never mined, and never will(except maybe try FPGA mining sometime, and then use is to do funny stuff on after)

madmaxx

newbie

Activity: 1

Merit: 0

A few is also handy to discourage speed trades, which would make the whole BTC/USD course more volatile.

Hawkix

hero member

Activity: 531

Merit: 505

Quote from: Nefario on June 02, 2011, 03:27:22 PM

Their money, they can do what they like with it. Burn it for all I care (can you burn bitcoins?).

Yeah, burning Bitcoins is easy and ecological (no CO2 emissions at all). Simply delete your wallet.dat.

Hawkix

hero member

Activity: 531

Merit: 505

Dude, you know what is the biggest problem? People like you who think they know how other people SHOULD (or later MUST) act.

If you think MtGox takes too much, use other exchange. Or, better, start your own new exchange taking just 0.05% as you proposed. You will be happy, maybe we, too. Better not ask how much robbery fee I had to shell out to my bank to accept EURO SEPA payment from MtGox and convert it to my local currency.

If you think some have too much Bitcoins, you should CPU-mined them last year. When the price of electricity was larger than what was their price.

Check Google Finance. You will see buying Apple stock in 2003 also could make a lot of people insanely rich nowadays. Should they now give a part to you?

Nefario

hero member

Activity: 602

Merit: 512

GLBSE Support [email protected]

Their money, they can do what they like with it. Burn it for all I care (can you burn bitcoins?).

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: MoonShadow on June 02, 2011, 03:12:19 PM

Quote from: kokjo on June 02, 2011, 03:10:29 PM

Quote from: stic.man on June 02, 2011, 02:56:02 PM

Next you'll be one of those guys pissed off about the early adopters sitting on tens of thousands of coins for having the foresight to participate in this program.

i already am. its not because of greed.
its because i don't think its good for the economy that 10 people is sitting on 90% of the money(over estimate).
i think they should have many coins, but not as much as they have now.

They won't after you offer them enough to sell. Problem solved!

I don't think they are buying. They are speculating.
im not socialist, but i think the people with the money, should also take the responsibility.
just like with the root account: "with great power, comes great responsibility"

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: kokjo on June 02, 2011, 03:10:29 PM

Quote from: stic.man on June 02, 2011, 02:56:02 PM

Next you'll be one of those guys pissed off about the early adopters sitting on tens of thousands of coins for having the foresight to participate in this program.

i already am. its not because of greed.
its because i don't think its good for the economy that 10 people is sitting on 90% of the money(over estimate).
i think they should have many coins, but not as much as they have now.

They won't after you offer them enough to sell. Problem solved!

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: stic.man on June 02, 2011, 02:56:02 PM

Next you'll be one of those guys pissed off about the early adopters sitting on tens of thousands of coins for having the foresight to participate in this program.

i already am. its not because of greed.
its because i don't think its good for the economy that 10 people is sitting on 90% of the money(over estimate).
i think they should have many coins, but not as much as they have now.

koin

legendary

Activity: 873

Merit: 1000

Quote from: kokjo on June 02, 2011, 01:13:53 PM

just asking if you think if the fee on MtGox is too high.

mtgox owner even thinks it is too high

from the #bitcoin-otc

> (05:24:10 PM) MagicalTux: Lor, one of the main reason why I haven't lowered fees it to help competition to materialize

stic.man

full member

Activity: 168

Merit: 100

Quote from: kokjo on June 02, 2011, 02:38:29 PM

Quote from: BitLex on June 02, 2011, 02:33:52 PM

so, if you all think, the fee is 100% earnings, you must also think, MtGox operates for free,
the owner works for free, support is free, servers are free, DDoS protection is free, that all doesnt cost a dime, huh?

like others said, if you don't like it, don't use it,
there's other exchanges with lower, or no fees at all, use those,
or create a new exchange with lower/no fees, try to compete.

good point. but still 626btc/2day is way to much.

who are you to say what's too much?

Next you'll be one of those guys pissed off about the early adopters sitting on tens of thousands of coins for having the foresight to participate in this program.

Maged

legendary

Activity: 1204

Merit: 1015

The reality is, there is not a single direct competitor to MtGox, at least for USD. The other markets only fill specific niches. I'd love to see someone make a DIRECT competitor to MtGox.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: BitLex on June 02, 2011, 02:33:52 PM

so, if you all think, the fee is 100% earnings, you must also think, MtGox operates for free,
the owner works for free, support is free, servers are free, DDoS protection is free, that all doesnt cost a dime, huh?

like others said, if you don't like it, don't use it,
there's other exchanges with lower, or no fees at all, use those,
or create a new exchange with lower/no fees, try to compete.

good point. but still 626btc/2day is way to much.

BitLex

hero member

Activity: 532

Merit: 505

so, if you all think, the fee is 100% earnings, you must also think, MtGox operates for free,
the owner works for free, support is free, servers are free, DDoS protection is free, that all doesnt cost a dime, huh?

like others said, if you don't like it, don't use it,
there's other exchanges with lower, or no fees at all, use those,
or create a new exchange with lower/no fees, try to compete.

TTBit

legendary

Activity: 1136

Merit: 1001

For what MtGox has done for bitcoin, they are underpaid.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: Jaime Frontero on June 02, 2011, 02:05:59 PM

Quote from: kokjo on June 02, 2011, 01:32:51 PM

Quote from: Dansker on June 02, 2011, 01:29:35 PM

The fee CANNOT be too high, because if it was, the market would react.

OR the market is stupid and didn't know and therefor didn't reacte.
that why i wrote this post to make people know how much MtGox is earning.

"earning" would be the operative word.

what's the fee for exchanging currency at the average airport?

currency exchange != airport

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: Bazil on June 02, 2011, 02:10:25 PM

Yeah I've calculated that mygox has made some 600,000 usd over the last year from fees

No, it has not. The fees didn't exist that entire time. The fees were instituted because the founder of Mtgox got burned by a scammer using a stolen paypal account. The fees were started just to recover that loss, which I'm sure has long since been repaid; but the current owner isn't that founder at all. If another market starts up with lower fees, some people will use it. This will force Mtgox to respond if the new market is comparable. There are other markets, I just don't use them because I don't like them.

Bazil

full member

Activity: 126

Merit: 100

Yeah I've calculated that mygox has made some 600,000 usd over the last year from fees

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: kokjo on June 02, 2011, 01:32:51 PM

Quote from: Dansker on June 02, 2011, 01:29:35 PM

The fee CANNOT be too high, because if it was, the market would react.

OR the market is stupid and didn't know and therefor didn't reacte.
that why i wrote this post to make people know how much MtGox is earning.

Start another exchange with lower fees then. The fees at Mtgox are there for a reason. It didn't start with fees.

Jaime Frontero

full member

Activity: 126

Merit: 100

Quote from: kokjo on June 02, 2011, 01:32:51 PM

Quote from: Dansker on June 02, 2011, 01:29:35 PM

The fee CANNOT be too high, because if it was, the market would react.

OR the market is stupid and didn't know and therefor didn't reacte.
that why i wrote this post to make people know how much MtGox is earning.

"earning" would be the operative word.

what's the fee for exchanging currency at the average airport?

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: SgtSpike on June 02, 2011, 01:32:36 PM

MtGox has a monopoly on the exchange market. Let's change that. Not because I don't like MtGox, but because competition is a very healthy thing for a market/industry/economy.

+1

Topic: MtGox fee to high? (0.65%) - page 2. (Read 8009 times)