thanks...
so the fastest way to get your dollars out of gox is...buying bitcoins and selling them on another exchange with faster withdrawal???.
didn't we have that problem with gox withdrawals already some weeks ago?
There was a problem with SEPA withdrawals, the option to avoid a lengthy queue was to pay 2000 Yen (only about $20) and send money via an international wire transfer which is usually very quick.
Previous to this there was the Dwolla issue - that wasn't such a big deal as it was mainly used by smaller traders and anyone could still fall back on wire transfers for urgent withdrawals.
Now international wires are suspended it affects everyone including the whales.
I suspect things are going to get interesting.
This press release by MtGox doesn't inspire any confidence for the future.
The phrase 'I will believe it when I see it' springs to mind.
i don't know what to think of this.
imo at some point gox has to figure out a solid way to handle these situations in the longterm as they are still the biggest exchange and
surely want to keep that position.
gox will soon have a better trading engine but they could f**k that up quite hard if they can't get their bank account problems under control.
by comparison every other exchange right now would surrender with trading higher volumes plus struggling with ddos-attacks.
if it takes such a drastic procedure to make fiat withdrawal/deposit more solid i hope gox will really run more smoothly afterwards.
but...it's still gox being the king of goxing after all.
edit: what really concerns me is the absence of cashflow of usd to gox for at least two weeks as deposits are affected in the same way as withdrawals right?
