Author

Topic: [Please vote] Visualizing withdrawal queue on mtgox! (Read 1079 times)

hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Because nobody believes this feature request will ever be implemented.
Gox is a business not a no profit org.
Were I to be the most honest exchanger in the world I still would not release such information.
Because it attracts people with ill intentions for my business.

Mtgox's profit derives from the volume of trades, not from high prices. How that info can lower their volumes? Currently they have a problem with a trust. No information -> people getting out of Mtgox to bitstamp. Opening the queue info could only lead to building trust with their customers. So it is definitly in their interest to open queue info.

This is incorrect, they charge a percentage of each trade, so the higher the price, in fact, the higher their profit.

I do agree they need to be more open with this info though.
full member
Activity: 238
Merit: 100
Because nobody believes this feature request will ever be implemented.
Gox is a business not a no profit org.
Were I to be the most honest exchanger in the world I still would not release such information.
Because it attracts people with ill intentions for my business.

Mtgox's profit derives from the volume of trades, not from high prices. How that info can lower their volumes? Currently they have a problem with a trust. No information -> people getting out of Mtgox to bitstamp. Opening the queue info could only lead to building trust with their customers. So it is definitly in their interest to open queue info.

Well they can't build any trust if they won't disclose anything.   If disclosure brings negative consequences then you can conclude that they are using the lack of information for their advantage. 
newbie
Activity: 39
Merit: 0
Because nobody believes this feature request will ever be implemented.
Gox is a business not a no profit org.
Were I to be the most honest exchanger in the world I still would not release such information.
Because it attracts people with ill intentions for my business.

Mtgox's profit derives from the volume of trades, not from high prices. How that info can lower their volumes? Currently they have a problem with a trust. No information -> people getting out of Mtgox to bitstamp. Opening the queue info could only lead to building trust with their customers. So it is definitly in their interest to open queue info.
hero member
Activity: 728
Merit: 500
Just 13 people voted. I'm confused. Why so few people want to know the current progress with their widrawals?

Because nobody believes this feature request will ever be implemented.
Gox is a business not a no profit org.
Were I to be the most honest exchanger in the world I still would not release such information.
Because it attracts people with ill intentions for my business.
newbie
Activity: 39
Merit: 0
Just 13 people voted. I'm confused. Why so few people want to know the current progress with their widrawals?
full member
Activity: 238
Merit: 100
TLDR: Before the problem is solved, they wont do it.

If they really have unresolved issues with their withdrawals, then they will not introduce this feature till they feel comfortable it will work in their favour.


Exactly.  They wouldn't want to show their poor liquidity position.
legendary
Activity: 1022
Merit: 1000
TLDR: Before the problem is solved, they wont do it.

If they really have unresolved issues with their withdrawals, then they will not introduce this feature till they feel comfortable it will work in their favour.
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
not to mention we don't need a visual. HOw about 2 numbers

1) Total USD to be sent out (current queue)
2) Avg Per day USD wires sent.
legendary
Activity: 1284
Merit: 1001
Here you go:
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
I can't believe that only 7 people havea voted this in!
sr. member
Activity: 392
Merit: 250
That would create suicide Sad
People should better NOT know that.
full member
Activity: 238
Merit: 100
Yes, this is definitely what we all are longing for.
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