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Actually they make 500 coins on fees per day. How can they be insolvent without being either criminal or hacked?
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If I was testing a new withdrawl system I would put daily limits on it too.
Yes, but they promise monthly limits as well. |
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It is interesting the goxBTC is trading at only 50-60% of bsBTC. Have you thought about the following scenario:
I think they are just too stupid to fix the problem within the same timeframe as the other exchanges are able to. As soon as they are, the price will jump onto the level of bitstamp or higher again. If I had FIAT there I would buy GOX-BTCs now. |
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It's doing 200btc of volume per day...
No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only. My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins. how much of this is made by bots? Who knows. But at 200 coins of volume per day, it would take approximately 180 years to move all of the bitcoins. Localbitcoins can't possibly set the price. I'm not sure. Is paper-gold trading setting the price of Gold or is it the thin volume of real coin buying/selling? |
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It's doing 200btc of volume per day...
No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only. |
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 These are real coins. |
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48 hours. No BTC received, no BTC added back to balance, and support answered with a full quote of the news release.
No BTC added back to balance (well, not yet), IMO that's worse than MtGox. Why is the Bitstamp price still so high? Right now it seems stampBTC is not better than goxBTC... Worse? At least they answer. They answer even in this special situation where the support team probably is fully engaged. That's not worse than to not answer. Gox even doesn't answer in normal times. To quote the news release means, that they can't tell you more about dates at the moment. |
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Yes, and even more criminal is the statement: well functioning multi-currency exchange
Please explain which law this statement violates. On MtGox you can trade BTC against 17 different currencies through one order book. "well functioning multi-currency exchange" is an untrue statement that is misleading all potential customers. Therefore it's criminal. The same is true for the informations that this company spreads into the cyberspace. "Trade with confidence on the world's largest Bitcoin exchange! MtGox is the world's most established Bitcoin exchange. You can quickly and securely trade bitcoins with other people around the world with your local currency!" |
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Okay, and why do you use MtGox still.
Decent APIs, only well functioning multi-currency exchange, very good arbitrage vs other exchanges and a deep order book. To sum it up: Profit. , resulting from Mt.Gox discriminatory customer service practices. There is no legitimate arbitrage opportunity arising from market forces (regional money flows imbalance ie. remittances disparity) or even 3rd party actions (taxation, regulation). The only thing we are arbitraging is the severity of disparity of proprietary information among its users.Yes, and even more criminal is the statement: well functioning multi-currency exchangeHow is it possible that a 'bitcoiner' says such things? |
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Yes, in the bitcoin community there is a desire for the disappearing of the criminals ("trade with confidence!"). On the other side, there is enthusiastic defense, promotion and cheerleading of this criminal business behavior. That's sad, but true.
Mostly it is old debt-as-money style bankers who are the true 100 year criminals, so the BTC criminals will need to study Austrian theories to succeed in 20th century terms of large scale theft under cloak of war and then rehypothecation of world funds under money cartel to fix gold price at USD 35, and so forth. But I am not blaming any country, because bankers and debt-as-money cadre, infiltrate all nations. The Austrians are dreamers. Money has been debt from the very beginning. Gold and Gold 2.0 isn't money. It's a commodity. Debt as commodity? Haha, where's my talmud? Didn't you read? A commodity is a commodity and money is debt. No debt no money; this is the historic fact. The austrian barter stories are science fiction beyond historic reality. Fairy tales. |
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If you know how to use Gold 1.0/Gold 2.0 anonymously, it is anonymous. If you don't know, it is not.
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Yes, in the bitcoin community there is a desire for the disappearing of the criminals ("trade with confidence!"). On the other side, there is enthusiastic defense, promotion and cheerleading of this criminal business behavior. That's sad, but true.
Mostly it is old debt-as-money style bankers who are the true 100 year criminals, so the BTC criminals will need to study Austrian theories to succeed in 20th century terms of large scale theft under cloak of war and then rehypothecation of world funds under money cartel to fix gold price at USD 35, and so forth. But I am not blaming any country, because bankers and debt-as-money cadre, infiltrate all nations. The Austrians are dreamers. Money has been debt from the very beginning. Gold and Gold 2.0 isn't money. It's a commodity. |
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BitSimple is not affected. We are accepting trades right now. We aren't crazy enough to sell Bitcoins for PayPal but we will buy your Bitcoins for a paypal payment (or ACH or Bank Wire). We also never hold user's bitcoins so if we did need to suspend wallet operations your coins wouldn't be frozen.
Just head of your service, do you do International Wire transfer to Europe? BitSimple is available to US residents only at this time but we will be adding international support shortly. Great! |
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Even if all the BTC in stuck transactions were stolen (which is impossible, because most of the inputs were spent in three to six stuck transactions), it is still only a tenth of what MtGox has made in fees over the years. It is certainly not going to bankrupt them. You have to make up something more credible than that if you want to make people believe in your scam.
By the way: I really thanks for your comments here. There is so much scaremongering and desire for the escalation in these parts. So, is really enjoyable to read your posts. Yes, in the bitcoin community there is a desire for the disappearing of the criminals ("trade with confidence!"). On the other side, there is enthusiastic defense, promotion and cheerleading of this criminal business behavior. That's sad, but true. |
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Hi guys,
I've been looking at the malleability problem in my own custom wallet which sits on top of bitcoind.
The only way I found to distinguish change transactions from deposits (a fundamental requirement) is to look at any inputs which get spent in the same transaction (by ID) as an unspent output is created.
Now, if malleability means that this transaction ID match is no longer reliable for mempool transactions, what I am supposed to use to distinguish change transactions?
Does this mean that mempool can no longer be used, full stop? Would be great to get some official advice on this.
Cheers, Paul.
Bitcoin is not official. It is peer to peer. No masters, no rulers. |
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What you need to know about Transaction mutability even if you are running the QT (reference) client or another major client.
(..)
Great posts and structured informations in this thread. Thank you DeathAndTaxes! |
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