Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32268. (Read 26474124 times)
September 25, 2013, 10:44:43 AM
So people are still not able to withdraw from mtgox or is just it takes too long time to withdraw from them? Which one is it?
September 25, 2013, 10:43:54 AM
From what i heard the US was only interested in tracking USD going in and out of exchanges not BTC
I bet they're tracking blockchain transactions as we peruse through these boards.
September 25, 2013, 10:42:53 AM
It's not speculation which the liberty reserve case clearly shows. If you don't verify customers using "imaginary internet money" you are a target of the US. The reason is that users could be from the US using a VPN etc to access your service, if you don't verify customers you have no way of ensuring that. So you MUST, with no exception, verify all customers. All business must do this, and those who don't will risk ending up like liberty reserve.
liberty reserve was handling real life money
BTC is imaginary internet money
From what i heard the US was only interested in tracking USD going in and out of exchanges not BTC
September 25, 2013, 10:37:47 AM
It's not speculation which the liberty reserve case clearly shows. If you don't verify customers using "imaginary internet money" you are a target of the US. The reason is that users could be from the US using a VPN etc to access your service, if you don't verify customers you have no way of ensuring that. So you MUST, with no exception, verify all customers. All business must do this, and those who don't will risk ending up like liberty reserve.
edit: and if you don't deny all US customers you will also have to become licensed in the US. If you are fully licensed in the US (is mtgox?) you may be able to skip the legitimation requirement in a few cases, but I'm not sure about that.
edit: and if you don't deny all US customers you will also have to become licensed in the US. If you are fully licensed in the US (is mtgox?) you may be able to skip the legitimation requirement in a few cases, but I'm not sure about that.
September 25, 2013, 10:31:53 AM
Further shame on you MtGox.
The choice is simple. Either mtgox does this, or they can expect a "dotcom style" type of raid with extermination of their entire business, possible extradition to the US on very serious charges, terror/cp shaming in media etc. Technically, they still risk this, but at least they play it safer than those who don't (e.g liberty reserve).Is it right? No. Want to blame someone? Blame the US. Or better yet: blame the pathetic countries who surrender all their rights to satisfy US.
this is just speculation right?
would be nice if MtGox said something on the matter...
September 25, 2013, 10:27:39 AM
Further shame on you MtGox.
The choice is simple. Either mtgox does this, or they can expect a "dotcom style" type of raid with extermination of their entire business, possible extradition to the US on very serious charges, terror/cp shaming in media etc. Technically, they still risk this, but at least they play it safer than those who don't (e.g liberty reserve).Is it right? No. Want to blame someone? Blame the US. Or better yet: blame the pathetic countries who surrender all their rights to satisfy US.
September 25, 2013, 10:14:50 AM
Hi folks,
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.
After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.
Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.
I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?
Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.
Further shame on you MtGox.
Apply for a Wirtland ID? Will they accept that?
this is new? , i've used an unregistered MtGox account to redeem private key and such.
Any idea why they are doing this?
there doesn't seem to be any official announcement about this.
September 25, 2013, 09:32:24 AM
50 BTC are 50 BTC, maybe you can easily say "only" about that amount, but it's certainly more than I'd want to lose. Not to forget what it might be worth in a year or 2
you seem to be willing to let go of it entirely
you seem to be willing to let go of it entirely
Don't get me wrong. 50BTC is certainly more than I intend to lose. The reason I said "only" is that I'm glad the bulk of my coins are elsewhere.
What bugs me is the fact that I'll have to get a passport or provincial age-of-majority card (at the age of 65) just to get back what is mine. This is almost as ridiculous as being IDed at the Skydome to buy a beer when I was 60 years old. At that time I simply went to a different kiosk. This requires a lot more fuss and expense.
When MtGox announced back in May, following the Dwolla and Wells Fargo seizures and Liberty Reserve bust, that they were requiring identification for fiat transfers, they specifically stated that Bitcoin transfers were unaffected so I left my coins there.
Now it seems that they were lying all along. Shame, shame, shame.
I was about to link you the Ontario Photo ID card, but that is the 'age-of-majority' card anyway. That is what I would be getting under this situation. Yes it would be a hassle, but those 50btc have the potential to eventually be worth over anything from $50,000 - $500,000 - $5,000,000 depending on who you are listening to, haha.
http://www.ontario.ca/government/ontario-photo-card
September 25, 2013, 08:48:19 AM
Hi folks,
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.
After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.
Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.
I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?
Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.
Further shame on you MtGox.
Apply for a Wirtland ID? Will they accept that?
September 25, 2013, 08:42:19 AM
50 BTC are 50 BTC, maybe you can easily say "only" about that amount, but it's certainly more than I'd want to lose. Not to forget what it might be worth in a year or 2
you seem to be willing to let go of it entirely
you seem to be willing to let go of it entirely
Don't get me wrong. 50BTC is certainly more than I intend to lose. The reason I said "only" is that I'm glad the bulk of my coins are elsewhere.
What bugs me is the fact that I'll have to get a passport or provincial age-of-majority card (at the age of 65) just to get back what is mine. This is almost as ridiculous as being IDed at the Skydome to buy a beer when I was 60 years old. At that time I simply went to a different kiosk. This requires a lot more fuss and expense.
When MtGox announced back in May, following the Dwolla and Wells Fargo seizures and Liberty Reserve bust, that they were requiring identification for fiat transfers, they specifically stated that Bitcoin transfers were unaffected so I left my coins there.
Now it seems that they were lying all along. Shame, shame, shame.
September 25, 2013, 08:11:15 AM
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
[...]Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.
I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?
Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.
I'd be willing to help (as a registered Gox user), but as I'm a forum newbie, there's little to demonstrate my trustworthiness... But as you seem to be willing to let go of it entirely, it might be worth a try
Quote
Further shame on you MtGox.
Absolutely!
September 25, 2013, 07:49:17 AM
Hi folks,
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
OMG What a nightmare. I also thought that my anonymous MtGox account allowed non-verified Bitcoin withdrawals. I've never deposited or withdrawn fiat currency to or from this account and had no intention to do so. I used it for daytrading only.
After reading your post, I got worried that they were lying (once again) and immediately attempted to withdraw my remaining coins to a paper wallet.
Now they won't return my coins without identification and proof of residency. This is totally unacceptable. I feel like they are stealing from me.
I don't drive an automobile or use credit cards (just say no) so I don't have the usual photo ID. I'd rather not change my old red and white non-photo Ontario health card for a photo one because the new ones require renewal every few years. I don't generally carry ID and have no plans to start doing so. I live in a (sort of) free country. Do I have to get a passport just to get my money back?
Luckily there are only about 50 BTC in this account but I still feel like I'm being held for ransom. I also feel like I'm being treated like an American.
Further shame on you MtGox.
September 25, 2013, 06:04:30 AM
I know that you have to be verified to withdraw Bitcoins, however when i submitted them i didn't need to translate them. They accepted my Dutch documents without a problem, maybe because back then the verification queue at Mt.Gox had a record length.
September 25, 2013, 05:48:30 AM
Hi folks,
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
A question about Mt. Gox withdrawals.
I can't find the info on their website now, but I thought verification was only necessary to withdraw cash, not bitcoins.
Mt. Gox is telling me that, in order to withdraw bitcoins, I need to get my non-English language documents translated and notarized and mailed to Japan.
Does that fir with your understanding of their policy?
Thanks.
September 25, 2013, 04:53:42 AM
bucket shop?
Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.
Agree, reminds me of "boiler room".
I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.
Well considering that you have to earn over 200k a year or be a millionaire to touch those investments...
I don't think you need to worry.
Maybe they can team up with BFL and Bitcoinica to create a new startup called SecondScammer since that's what they specialize in. lol
September 25, 2013, 02:59:04 AM
bucket shop?
Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.
Agree, reminds me of "boiler room".
I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.
Well considering that you have to earn over 200k a year or be a millionaire to touch those investments...
I don't think you need to worry.
September 25, 2013, 02:40:15 AM
yea, already read that. I was more looking for any current figures.
that wikipedia article is quite old.
only found some interesting reviews of former employees:
http://www.glassdoor.com/Reviews/SecondMarket-Reviews-E432167.htm
and this article
http://techcrunch.com/2013/04/25/secondmarket-confirms-layoffs-to-have-leaner-cost-structure-become-break-even/
ehh...really sounds perfect for bitcoin
edit:
http://www.inc.com/eric-markowitz/second-market-second-act-sec-ruling.html
http://betabeat.com/2013/04/layoffs-at-secondmarket-barry-silbert/
that wikipedia article is quite old.
Quote
The firm's private-company transactions, which totaled $100 million in 2009, quadrupled by 2010 to $400 million. Based on first-quarter results, SecondMarket could broker $1 billion in private-company shares in 20118
only found some interesting reviews of former employees:
http://www.glassdoor.com/Reviews/SecondMarket-Reviews-E432167.htm
and this article
http://techcrunch.com/2013/04/25/secondmarket-confirms-layoffs-to-have-leaner-cost-structure-become-break-even/
ehh...really sounds perfect for bitcoin
edit:
http://www.inc.com/eric-markowitz/second-market-second-act-sec-ruling.html
http://betabeat.com/2013/04/layoffs-at-secondmarket-barry-silbert/
September 25, 2013, 02:36:10 AM
bucket shop?
Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.
Agree, reminds me of "boiler room".
I wouldn't touch any of those "investments" listed on wikipedia, guess they are on SecondMarket for a reason.
September 25, 2013, 02:20:38 AM
Bitcoin ETF maybe?
September 25, 2013, 01:22:23 AM
bucket shop?
Yes it's a bucket shop, a place where people go to make “side bets” on loans, scams and bankruptcy like a bookie for betting. It's perfect for Bitcoin.
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