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Title: So you think Gox is a fuckup.... Post by: oakpacific on April 24, 2013, 12:55:28 AM What about the Twitter account of a major news agency? :D
Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points? Title: Re: So you think Gox is a fuckup.... Post by: myrkul on April 24, 2013, 01:04:10 AM What about the Twitter account of a major news agency? :D Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points? http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s Title: Re: So you think Gox is a fuckup.... Post by: QuantPlus on April 24, 2013, 01:16:22 AM Gox and the NYSE are not even remotely comparable.
Since Gox and other BTC fiat exchanges are this massive clusterfock... Can someone please explain to me why BTC to gold/silver exchanges... Are rare and have ridiculous markups... Since that seems the obvious commodity to commodity way to trade... And provide some liquidity to BTC. Title: Re: So you think Gox is a fuckup.... Post by: jdbtracker on April 24, 2013, 03:09:14 PM Gox and the NYSE are not even remotely comparable. Since Gox and other BTC fiat exchanges are this massive clusterfock... Can someone please explain to me why BTC to gold/silver exchanges... Are rare and have ridiculous markups... Since that seems the obvious commodity to commodity way to trade... And provide some liquidity to BTC. how do we do this with Gold/Silver? How can we add liquidity to BTC through these markets? Title: Re: So you think Gox is a fuckup.... Post by: glendall on April 24, 2013, 07:35:44 PM The obvious awesome answer:
gold and silver plated physical BTC :) Casascius actually offers 100 BTC/gold bars for sale. Little excessive but certainly has some appeal. Title: Re: So you think Gox is a fuckup.... Post by: QuantPlus on April 24, 2013, 08:10:57 PM Gox and the NYSE are not even remotely comparable. Since Gox and other BTC fiat exchanges are this massive clusterfock... Can someone please explain to me why BTC to gold/silver exchanges... Are rare and have ridiculous markups... Since that seems the obvious commodity to commodity way to trade... And provide some liquidity to BTC. how do we do this with Gold/Silver? How can we add liquidity to BTC through these markets? For example, a BTC exchange... That accepts only gold/silver as deposits to buy/trade BTC... And all withdrawals are gold/silver. As long as you could maintain some kind of balance... You cut out the Fiat Banking System entirely... So a bank cannot shut down an exchange... Regulations for shipping precious metals in small amounts are not onerous. Plus an exchange like this could have fat margins. You would have to have Certfied Gemmologists be part of this... To make sure fake all gold/silver is appraised by a Pro. That's the way to go... commodity to commodity... You could expand this into other liquid commodities. YOU MUST BREAK THE GOX BOTTLENECK TO FREE BTC. Title: Re: So you think Gox is a fuckup.... Post by: glendall on April 24, 2013, 08:32:45 PM Yeah Gox holds way too much of the market for sure.
It's up to every dude to do their own part. I sell my BTC on other exchanges, myself. Title: Re: So you think Gox is a fuckup.... Post by: teodor87 on April 24, 2013, 09:27:19 PM What about the Twitter account of a major news agency? :D Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points? http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s You probably have never traded. So what. 140 pips is nothing. Dow Jones has fallen 7000$ - thats 70000 pips in a couple of months when the crysis began. Some people got billionaires (literally) off short positions. Title: Re: So you think Gox is a fuckup.... Post by: oakpacific on April 25, 2013, 06:46:18 AM What about the Twitter account of a major news agency? :D Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points? http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s You probably have never traded. So what. 140 pips is nothing. Dow Jones has fallen 7000$ - thats 70000 pips in a couple of months when the crysis began. Some people got billionaires (literally) off short positions. It is ridiculously easy to hack the Twitter account of a major news agency(probably only requires a trojan exploiting a unpatched IE), compared to predict the series of events before the subprime crisis and be in a position to go against the trend with enough funds, the input-ouptput ratio is just different. |