3 ms·
It's hard for me to understand why anyone would have kept any money in any form in Gox. The signs of a poorly run institution have been there for the better pa
by pmorici 13y ago
It's hard for me to understand why anyone would have kept any money in any form in Gox. The signs of a poorly run institution have been there for the better part of the past 10 months. As soon as I read about the US Government seizing their US Bank account last May and the suspension of Dwolla for USD transfers I got out of there ASAP and never contemplated going back. With the rise of Bitstamp and Coinbase plus the other players there was just no reason to go anywhere near Gox any more.
- jliptzin 13y agoThere's also no reason to keep BTC or USD at any exchange for more than the time it takes to make a trade, unless you're arbing between exchanges (in which case this type of event does suck but should have been priced into your whole strategy). Mt gox was an exchange not a bank.
- tlrobinson 13y agoI got out of Gox in 2011 when they were hacked the first time and never looked back...