Funny how nobody mentioned this about bitcoin...

Miscellaneous Current Events
1

https://mtgox.com/press_release_20130313.html#### Due to recent events in the Bitcoin community and the spike in the Bitcoin price

we at Mt.Gox are putting in place a new daily withdrawal limits.#### While our daily limits for traditional currencies will remain unchanged with a
maximum of $1,000 USD per 24 hrs, the Bitcoin daily withdrawal limit will change
from 200BTC to 100BTC per 24 hrs for unverified customers.#### Daily withdrawal limits. Who knew? What does that tell you?
I’ll tell you what it tells you.
In a word, scam, Ponzi scheme, watch out for your money.#### The largest bitcoin exchange, mtgox, [80% of the market!] does not have enough money to cover its obligations#### and is lamely trying to protect itself with withdrawal limits.####
If/when bitcoin starts dropping, all you can do is watch helplessly
as your money disappears down the drain.#### And look at the miserable amounts. 100 bitcoins. A thousand bucks.
So much for this toy ever becoming a serious money.
If you want to buy a new car for, say $20,000, the seller will have to wait
20 days to get his money. Any fluctuations in bitcoin prices in twenty days
will be on his head.#### I mean, what kind of money works like that, seriously?
And you’re bragging about how convenient it is?
A twenty day wait is convenient?
Pontificating about how it already is money?
For shame.#### I wonder what other interesting stuff will turn up in that mtgox news feed.#### P.S. Font and so on may be odd, not sure why.

2

OK, don’t use MtGox’ services.

How is a gold storage with daily withdrawal limits reflecting bad on gold in general?

3

  1. Mtgox has 80% of the market. So if they are crooked, it means eighty percent of the bitcoin market is controlled by crooks. Good luck with that.

  2. It would be very sad if an any real exchange started placing withdrawal limits on their customers for any commodity. In fact, it would mean the death of that exchange. Only with bitcoin, a nonexistent piece of nothing used only by the naive, can such a thing happen.

  3. If a gold storage place slaps a withdrawal limit on you, it would mean only one thing.

They are not storing your gold, but stealing it.

Otherwise why don’t they just give you your gold and be done with it?

4

My whole point is - if you are not happy with your dealer, drop him. Buy bitcoin from other people. Do not smear the medium with dirt of the specific dealer.

5

“…for unverified customers.”

“…for unverified customers.”

“…for unverified customers.”