has anyone successfully got any funds onto gox in the past few days?
yes. sepa took about 48 hours excluding weekends (and I think monday was a holiday in US? maybe elsewhere).
just wondering... you wired money to gox to pick up coins cheap, which makes sense maybe economically, if the chance of total failure is outweighed by the chance of getting the coins out of gox and the possible profit you could make on that.
But you don't see any problem at all that, by doing so, you're lending gox legitimacy that they very much don't deserve anymore? I mean, I know, it's a market, morality has no place in here but... really?
I'm not a moral arbiter. Especially not given that I don't actually *know* what is going on at gox.
I'm amazed how many people claim that they do.
Here's just one scenario out of a hat.
Gox knows that by allowing BTC withdrawals, they could potentially double pay (yes due to their own flawed algorithm - but still a risk all the same), and this would threaten solvency/customer deposits.
What needs to happen is that the free market will decide. If people are happy to tolerate gox's way of doing things they will carry on, if they don't gox will die.
If people want to make it a moral crusade that's their call. To me its just business.
I could say something about the paradox of the self-interested actor, something along the lines of the dominant strategy not necessarily leading to the optimal result for the individual that chose that strategy, but I would sound like a self-righteous, hypocritical dick. Carry on then.
Tragedy of the commons? true enough.
Sorry if i sound callous I'm just taking the 4-1 odds against mtgox crashing. I don't really share the seemingly common belief that what gox are doing/not doing is inherently good or bad for bitcoin. I think its just all 'stuff' like pirate wasn't good or bad for bitcoin, he was just bad for the people that fell for it. Like Madoff wasn't 'bad' for the dollar etc i dunno what i really think, just kind of riding the waves.
A small part of me wonders if, not just in Bitcoin valuation, but other ventures as well, we hit a local maximum because of our choices without ever being aware of the possibility that, had we acted different, we would have reached a higher point... but that's idle speculation.
Hence: I have no good reason to complain from a moral point of view. Objection withdrawn.
But I don't need to tell you that you'll get zero sympathy if you get burned on there. I've read enough of your posts to know that you're well aware of the risks and such. Good luck though
