Hacker News new | ask | show | jobs
by samolang 4511 days ago
For anyone that is interested there is now a market for trading "real" bitcoins for "gox" bitcoins.

https://bitcoinbuilder.com/

2 comments

Can you explain what is stuck at Gox? Is it peoples bitcoins or their cash? How can they get them out to trade to other people and if they can why are they valued lower than normal bitcoins?
My understanding is that both bitcoins and cash are stuck at Gox. But you are still able to do internal bitcoin transfers within Gox. Person A transfers their "gox" bitcoins to bitcoinbuilder.com's "gox" bitcoin address, person B transfers their "real" bitcoins to bitcoinbuilder.com's "real" bitcoin address, bitcoinsbuilder.com transfers the "gox" bitcoins to person B's "gox" bitcoin address, and bitcoinsbuilder.com transfers the "real" bitcoins to person A's "real" bitcoin address. No bitcoins enter or leave Gox, they just trade hands within Gox using bitcoinsbuilder.com as the intermediary.
Both are trapped, nothing goes in or out. They're valued lower because of that.
Why require verification? I don't want to give them all my info.
On reddit the site creator said that is what his lawyers advised.

http://www.reddit.com/r/BitcoinMarkets/comments/1xmfby/i_jus...

Thanks, I later saw there's a mention in the FAQ as well.