datguyian



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simply getting the job done







Sr. MemberActivity: 756Merit: 251simply getting the job done

Re: Your Position in the Verification Queue 15500 April 08, 2013, 04:44:14 AM #7 I honestly think mt.gox is doing alright given the circumstances. I'm sure many have speculated that BTC would become as big as it has, but I also think few would have imagined it happening as fast as it did. I think I read somewhere that their new signups jumped from 10,000 for february to 60,000 in March. Sure, if they would have had a plan in place to handle this better, they would look even more impressive right now. But no business is perfect and I would have to say that they're doing a decent job and can't be 100% blamed for the delays. I like how legitimate their business seems compared to other exchanges I've browsed around. Not to say they're the only legit one out there, but they seem to be the ahead of the pact in many ways. Just my $.02



That being said, the couple of weeks I've started watching bitcoin closer and even came close to investing, buying a bitcoin for USD is a PITA! It's all about waiting for verification or finding a location to transfer close by or else taking a serious risk with a shady seller. I looked at bitcoin OTC, but that looked to be a bit of a hassle as well (in the way of setup, anyway). I probably will get on there eventually, but I've been spending more time exploring the realms of mining than trying to buy a bitcoin. I say the first person that finds a legitimate way to provide a service which would allow you to buy a bitcoin in less than an hour (including any kind of sign up, verification, etc) will wind up sweeping the market. I know bitinstant and maybe others allow you to go make a deposit at various locations, but that still is not always practical and by the time you add up time spent online setting up the transaction, gas used for driving to the location and time spent at the location, you're spending more than an hour and more than 4% in fees. Any other way I've found has been an insane price for a bitcoin (IE the few sellers they have on ebay that seem to mark it up 50-100% the current value). Maybe there really is no legitimate way and that's why this hasn't happened yet, but it seems like there has to be something better than the current options.