Topic: MtGox wires ARE delayed (Read 14537 times)
The two week suspension is over tomorrow. This will be a major test.
Maybe they just Joshin.
Does anyone find a way to get the money out without paying a lot?
I have a sad update to make today.
Overloaded by MtGox' success, the island of Hokkaido sunk earlier today. The untold casualties are but a small price to pay for the greatness that is the largest lardass in history and his numerous contributions to the welfare of mankind.
RIP Hokkaido, you shall be remembered forever as MtGox Island.
Overloaded by MtGox' success, the island of Hokkaido sunk earlier today. The untold casualties are but a small price to pay for the greatness that is the largest lardass in history and his numerous contributions to the welfare of mankind.
RIP Hokkaido, you shall be remembered forever as MtGox Island.
There is a exchange called BitStamp that will solve all of your issues. Their customer support is far superior to Mt.Gox, wires take 1-2 days, getting verified is very easy and takes little time. So far I have yet to see their API go down. I would recommend trying them out as Mt.Gox seems to be spiraling downward.
Buying bitcoin at mtgox and then selling at bitstamp cost too much. Cost around 0.6% to buy at mtgox, around 0.5% to sell at bitstamp and the price difference between the two exchange is around 3-5%. Then there is a fee to wire the money out from bitstamp.
If anyone want to play save and get their money right away. Then this might be one of the only two routes (coinbase being the other. I don't mention campbx because of their low volume and even bigger price difference.)
I think we should all consider that this will be getting much worse in the near future. Mt.Gox is NOT licensed to move $USD. Neither are other exchanges, and I fear they will begin having their accounts frozen and wires denied soon. This should come as no surprise.
If you don't like it, you should call your political representatives and give them an ear full. Only they have the power to shape the applicable laws.
If you don't like it, you should call your political representatives and give them an ear full. Only they have the power to shape the applicable laws.
There is a exchange called BitStamp that will solve all of your issues. Their customer support is far superior to Mt.Gox, wires take 1-2 days, getting verified is very easy and takes little time. So far I have yet to see their API go down. I would recommend trying them out as Mt.Gox seems to be spiraling downward.
Had 2 of my 4 wires returned to MtGox today, minus about $70 per wire due to fees.
Called Citibank and asked for a trace on the wire and reason for refusal (as I have wired from MtGox to this account before I know for a fact all info is correct). Citi could not find any trace of the wires coming in and/or being refused, they also directed me to Mt Gox and Mizuho to find out reasons for return.
Contact MtGox several times, they always answered me within 24h but after one week and several emails they still refuse to show me the proof of the wires from Mizuho and keep telling me all wires were executed and refused by Citibank.
I am annoyed at the fact that I am losing $70 on 5 separate wires ($350) for a problem originating from MtGox - I understand paying fees if I had entered the information incorrectly but paying them because of MtGox internal problems with their banks or authorities is not acceptable, they should cover those fees IMHO.
Called Citibank and asked for a trace on the wire and reason for refusal (as I have wired from MtGox to this account before I know for a fact all info is correct). Citi could not find any trace of the wires coming in and/or being refused, they also directed me to Mt Gox and Mizuho to find out reasons for return.
Contact MtGox several times, they always answered me within 24h but after one week and several emails they still refuse to show me the proof of the wires from Mizuho and keep telling me all wires were executed and refused by Citibank.
I am annoyed at the fact that I am losing $70 on 5 separate wires ($350) for a problem originating from MtGox - I understand paying fees if I had entered the information incorrectly but paying them because of MtGox internal problems with their banks or authorities is not acceptable, they should cover those fees IMHO.
Alright so then likely they are processing 0 more wires for gox at this point.
They are calling NZ customers and telling them this.
They are calling NZ customers and telling them this.
I did call citi.
The request of wire trace is originated from citi support. But once I got the wire trace and contact the support again. They told me I should contact Mtgox and their bank.
The request of wire trace is originated from citi support. But once I got the wire trace and contact the support again. They told me I should contact Mtgox and their bank.
Give citi a call by chance?
Did u call the Japanese bank to confirm it went out? Or how did you get this info?
I have heard elsewhere tat citi is intermediary for chase and bofa for wires from the Japanese bank, and that's where the problem lies.
You can get the confirmation wire from Mtgox support. I contacted the wrong branch of Mizuho bank and they told me they don't do individual wire and told me to contact whoever that initiate the process (in this case, Mtgox).
This sounds like the start of a banking blockade based on bullshit to me.
Cool, fools that wish to be "legit" and "regulated" will now see with their own eyes why Bitcoin was created.
This experiment is now approaching "phase 2". The outcome will fundamental to its short term survival and its long term success.
This sounds like the start of a banking blockade based on bullshit to me.
Is it limited to wire to Citibank?
It has been 3 weeks since I requested the wires. I even have the wire confirmation from the Japanese Bank (Mizuho Bank, LTD)
On the Wire confirmation document, it shown Bank of America, New York as the intermediate bank. And Citibank support told me they never received the wire.
Is Bank of America in trouble? or is it blocking the wire for some reason?
I heard some rumor there is going to be another major bank on the verge of blowing up and there will be no bail out this time. Is this related to what is happening right now?
It has been 3 weeks since I requested the wires. I even have the wire confirmation from the Japanese Bank (Mizuho Bank, LTD)
On the Wire confirmation document, it shown Bank of America, New York as the intermediate bank. And Citibank support told me they never received the wire.
Is Bank of America in trouble? or is it blocking the wire for some reason?
I heard some rumor there is going to be another major bank on the verge of blowing up and there will be no bail out this time. Is this related to what is happening right now?
Did u call the Japanese bank to confirm it went out? Or how did you get this info?
I have heard elsewhere tat citi is intermediary for chase and bofa for wires from the Japanese bank, and that's where the problem lies.
Is it limited to wire to Citibank?
It has been 3 weeks since I requested the wires. I even have the wire confirmation from the Japanese Bank (Mizuho Bank, LTD)
On the Wire confirmation document, it shown Bank of America, New York as the intermediate bank. And Citibank support told me they never received the wire.
Is Bank of America in trouble? or is it blocking the wire for some reason?
I heard some rumor there is going to be another major bank on the verge of blowing up and there will be no bail out this time. Is this related to what is happening right now?
It has been 3 weeks since I requested the wires. I even have the wire confirmation from the Japanese Bank (Mizuho Bank, LTD)
On the Wire confirmation document, it shown Bank of America, New York as the intermediate bank. And Citibank support told me they never received the wire.
Is Bank of America in trouble? or is it blocking the wire for some reason?
I heard some rumor there is going to be another major bank on the verge of blowing up and there will be no bail out this time. Is this related to what is happening right now?
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[23:08]we broke their system due to the volume
[23:08]the bank's system?
[23:08]what do you mean broke?
[23:08]yep
[23:08]it's broken
[23:08]a technical problem?
[23:08]yep
[23:09]they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)
Mt. Gox claims they overloaded Mizuho Bank, the second largest bank in Japan, with 515 branches, 26 million customers, and revenue over one trillion yen. Yeah, right.
Nagle, is Bitcoin a Ponzi?
Should we get out now?
Quote
Code:
[23:08]we broke their system due to the volume
[23:08]the bank's system?
[23:08]what do you mean broke?
[23:08]yep
[23:08]it's broken
[23:08]a technical problem?
[23:08]yep
[23:09]they're working on fixing this, and we're opening new bank accounts in other banks as I speak to resume transfers (it takes 2 weeks)
Mt. Gox claims they overloaded Mizuho Bank, the second largest bank in Japan, with 515 branches, 26 million customers, and revenue over one trillion yen. Yeah, right.
So this goes to show that the US could interfere with many more USD transactions around the world if they wanted to.
And they have. In 2012 the US seized a USD wire from Denmark to Germany. It hs been reported that the US government has access to data on all international wires. See also http://www.coindesk.com/team-americas-dwolla-bashing-is-just-the-start/Let me guess. The USD wire from Denmark to Germany used a correspondent bank in the United States. So in reality the funds went from Denmark to the United States to Germany. I doubt very much the payment could have been seized if it had been made in Euros.
Routing a payment for Cuban cigars through the United States is just very dumb, and yes it did violate US law.
Coindesk is a source now. Because they got twenty people in a pub in London together, which is the pinnacle of accomplishment, and because they're too fucking clueless to know that wasn't the first time twenty people got together in a pub in London. This is their claim to fame, and they get quoted now.
Wake up already, Bitcoin retardom.
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