Remember how Pete was bragging about transaction fees being the absolute best for bitcoin? All the castles in the air he constructed from that supposed fact?
Well, guess what? It's a lie, if you use Australian dollars.
It costs you 3.45 per cent just to let mtgox touch your money:
New AUD fee trial run saves you money on each deposit
TOKYO - JAPAN - March 15, 2013
Dear Australian Mt.Gox users,
We are happy to announce that for the next two months, we will be offering cheaper fees on each domestic deposit. Starting today, for a limited period of two months, our new deposit fee will be of 3.45% instead of 3.95%. If successful, this trial run will then become permanent.
Oops, I'm sorry. Did I say 3.45%? It's actually 3.95%. The lower rate is a big favor they are doing you for two months.
I wonder how much it costs if you use other currencies? But who cares, really. These guys can make up new rules on the fly, and nobody can stop them. Withdrawal limits. Deposit fees. Good luck trusting them to handle your money.
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer
Any real need not to use the previous thread for this?
Did Moses write one book or five?
Did you mean von Moses? :)
so what youre saying is that australian dollars arent money?
Do you somehow think that Mt Gox -IS- bitcoin?
Looks like that.
Dave, you are perfectly free to buy your bitcoins from whomever is willing to sell them, and to keep your bitcoins safe yourself. Some people may find this impractical, and trust/use Mt Gox or other service provider - very much like with physical gold. Some people buy their gold from random people and store it under their pillows. Some people trust/use specialized gold dealerships/storages. It's still their choice, and gold is still sound money - even if they make unsound decision with it (like storing physical gold with semigovernment agencies).