All I am asking is that people here be aware that there are many methods to stifle dissent, and that social media (Slashdot included) is now a powerful tool to both monitor and shape public opinion.
I first noticed that some subjects and opinions are silently removed from Slashdot back in 2004. Glad you're finally catching on. Using a site with a high number of visitors? Expect this sort of thing.
Hey other genius, you can. There are other currencies besides USD, or you can trade to BTC and withdraw it.
Guy needs money. Guy sends BTC to MtGox and sells them netting about $25.000. Guy tries to withdraw said $25.000 on June 6th. MtGox lists the withdraw as "Processed". Money doesn't show up. Guy contacts customer service. They give him the runaround and BS him. Guy asks for said $25.000 to be reinstated into his account so he can buy bitcoins and send them to another exchange sell them there. MtGox says they can't do that because the withdraw is listed as "Processed". What "Processed" means is unclear since they have not initiated any wire transfer. Guy is _still_ waiting for his money. Note that this withdraw was initiated well before they stopped withdraws. And he's not the only one waiting for five figure amounts out of MtGox. So NO, you can't trade to BTC and withdraw it in many cases. Yes, you can - in theory - but not in real life. And EUR out of MtGox? That has always cost a 1% fee on the amount transfered (!) and it's always taken two-three weeks - sometimes longer. EUR out of Bitstamp, on the other hand, takes 1-2 days and costs a fixed 1 EUR fee.
You can believe it's easy to get money out of MtGox if you want. But please actually try and see how well it works before you make such claims.
The reason no digital currency will ever be used to such an extent is that they are truly worthless.
The vast majority of USD and EUR are digital. Only a small percentage exist as cold hard cash. Bitcoin is just another digital currency, just like USD, EUR and JPY. Yes, USD and EUR and JPY also have non-digital versions - but the amount is insignificant.
Bitcoins are actually becoming more plentiful to the tune of 3600 more being created each day
^^^ THIS. People say that Bitcoin has deflation. This is currently NOT true, it is subject to inflation. If we assume that all new coins are sold then $388.800 new money needs to come in each and every day at current MtGox ticker price $108. Say $100 and that's still $360.000 new fiat money required each and every day.
Note that they're only stopping withdrawals from Mt. Gox, not inbound transfers
As said in another comment above: A typical sign of a ponzi is that they start to limit withdraws when they start to collapse. The problems with withdraws isn't new, btw. There are several people I know who are still waiting for five figure USD withdraws initiated in the beginning of this month. Do they have the money? You'd think so, but nobody really knows how much DHS took from their Dwolla account. And then there is the coinbase debacle
Radioactive cats have 18 half-lives.