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Just got a message from Mark Karpeles over at Mt. Gox:
"We just said we'd be open June 25 at 3:00 GMT. We did not specify if that would be in 2011 so TECHNICALLY we are NOT late in opening."
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Does anyone have historical difficulty number and can someone explain what a difficulty number means?
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Does it really matter? Just post here.
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Please!!
1Msx7GVLrmh54TUPGEBmeBafs6cC6MinsX
I know I am Jr., but I am new and only have the .001 from the faucet cause I just got my funds transferred in today.
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Well I doubt bitcoin is a password cracking operation, but I was thinking that crackers probably soon will have their own p2p network to crack passwords.
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Regulation, no matter what some of you seem to think of it, exists for a reason, and it is to prevent things such as this.
Regulation, no matter what you naively believe, exists to get rid of annoying competition, concentrating market shares and income. Learn about "public choice", the first 20 seconds of this video might enlighten you a bit: http://www.youtube.com/watch?v=6uR4lqa7IK4Regulations cause that effect much more effectively and transparently ("disguisedly") than simple government spending. Anyway, you probably won't care, I'm probably losing my time here. Had there been accurate reporting, disclosure, meeting of capital requirements, self-regulatory structure and organization, safeguards against market manipulation, and so on, perhaps this all could have been avoided.
Yeah, pretty much like the much more serious hack of Sony was avoided, right? Go to school. Youtube is not an education. |
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Regulation is not needed.
Mt.Gox will be regulated by the market. As we'll see when it eventually opens.
Some will leave, some will stay. But it will be in exact proportion to the damage each individual feels, and the risk they are subsequently willing to take.
As we all learn lessons about risk in a bitcoin economy, those lessons will lead people to ask more difficult questions of their exchanges. The poor performance of Mt.Gox has left a huge market opportunity for an exchange that posts incredibly strong security policies, detailed descriptions of internal operations, and even publication of exchange source code.
The market will sort the problem out. Regulation would just destroy potential start ups. Non-creation because of regulation is an opportunity cost that is impossible to measure; but it is almost certainly a huge loss to economies.
However, I suspect that the OP is just a troll, and missed out the obligatory, "so you should all sell your bitcoins as quickly as possible when Mt.Gox opens."
This is hilarious. The market will regulate Mt. Gox?? Really? You must really assume everyone is benevolent then. Mt. Gox will surely be happy to steal all the bitcoins in the absence of regulation. I suspect that will be the next bitcoin crisis. No hacker next time. Just the exchange running off with the money and bitcoins. |
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Given the timing, could see an amendment forbidding bitcoin to be used as payment since the goal would be taxation. Probably require usage of standard currency. Would be interesting though.
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PM me if you are in the market for a bridge.
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I'd like to see a non-nerdy forum. Talk about the business and economics of bitcoin not gpus and hashes.
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Right now we are seeing sellers on Tradehill hang in there trying to get $13-$15. Once Mt. Gox opens, we're going to see a rush to Tradehill and vigorous selling will commence. I think we'll settle around $7-$8 after the dust has settled.
I wonder who is buying right now at ~$14? It's not like the sell orders are just sitting, they're being fulfilled. If anyone wants to snap up cheap coins, just wait until Mt.Gox opens back up. So why buy now? I've been wondering this as well, but we have to keep in mind many bitcoin holders are more versed in technology than investing. |
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Right now we are seeing sellers on Tradehill hang in there trying to get $13-$15. Once Mt. Gox opens, we're going to see a rush to Tradehill and vigorous selling will commence. I think we'll settle around $7-$8 after the dust has settled.
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I think if someone want to crash the market with his own money, he has the right to do so.
We do not need circuit breaker, we only need MtGox to have a system to figure things.
And also a system to ask confirmations for bizarre transactions, to avoid stuff like happened on Japan (one company intended to sell 1 share for 660k yen, and instead sold 660k shares for 1 yen, crashing the market and blaming the crap exchange interface... that resulted in a 40 billion USD loss by the way)
He would still be able to crash it if he wanted to. There would just be a pause after the market started to fall, exchange would verify the account was not hacked and was the actual user, then resume the crash. |
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Well, wage stickiness might make things a bit better for the employee, but employers would come up with some shenanigans.
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They were completely amateurish.
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There is a great deal of systemic risk and the community does not seem willing to address them as it may conflict with their libertarian agenda.
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I think bitcoin is way too high right now. Expect a lot of profit taking when Mt. Gox re-opens. I suspect we'll see $8 the day Mt. Gox re-opens.
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Seems like there was SQL injection...that's how all the hehehe accounts were entered I imagine. Auditor story is a crock.
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I don't know if you saw the interview, but given all the hesitating and mumbling on the interviews I'd say there is no auditor. It's complete crap. They were just trying to make it look like it wasn't security-related (which would have been impossible anyways).
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