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I stopped using Gox long ago because of the fiat withdrawal issues. Their reign as the king of the Bitcoin markets boggles my mind. Like Bitinstant, somehow t
by downandout 13y ago
I stopped using Gox long ago because of the fiat withdrawal issues. Their reign as the king of the Bitcoin markets boggles my mind. Like Bitinstant, somehow the fact that they were among the first in this space has engendered undying loyalty in the face of outrageous problems that would be instant business killers for any site other than themselves.
It's a fascinating study in brand loyalty, but is also ultimately hurtful to the Bitcoin community. Customer acceptance of Gox's mediocrity will only ensure that these and even more egregious issues continue to occur.
- jnbiche 13y agoI agree -- I stopped having anything to do with them after the debacles of 2011. Karpales is a pretty stunning mix of hubris and incompetence -- the kind that only happens in a very few people. To be honest, I wouldn't mind another big crash if it finally woke people up to the incompetence, greed, and customer contempt that is Mt. Gox. Yet somehow, it never does...