Correct. This idea of blacklisting bitcoin addresses is the most stupid idea ever, including even the stupidest ideas in the stupid film Dumb and Dumber.

The $2,200 million valuation of Bitcoin would be flushed down the toilet if the stupid idea of blacklisting ever got any traction.

100 msc per btc, plus 10% extra per week before the deadline.

Bloody hell, gox is on a screamer. Is this the stampede for the door we have been thinking might happen over the last few months?
BTC-E is $26 adrift. Massive lag.

It is this type of crap which makes me an even bigger Bitcoin believer (which I didn't think was possible). Fiat is in its death throes - Bitcoin is the future!

Agreed. 166 might be the stop for bitstamp, but 180 is more likely the next stop for mtgox. The extra $14 being the gox-premium for degraded fiat, which wasn't the case when gox was last at 166

170,000 TONS of gold in vaults in Hawaii?  Is this the profits of the "superentity" which controls 60% of the biggest 43,000 companies??

Wild stuff, so might be more than 1 screw loose in her head.

Bitstamp volume today at 11.3k approaching double that of gox, and BTCE at 4.5k closing in too. This is a worrying sign for gox HQ. They really are circling the drain...

Agreed oyvinds.
CAD $4,500 fee for a single wire transfer is a painful eye-gouge.  Being happy with that makes me think of: http://en.wikipedia.org/wiki/Stockholm_syndrome

Consistent with the earlier explanation:


Now 2 months since Mt Gox's last official statement on the matter.

On topic. The rapid recovery from the SR news shows massive support in the market for the $130-140 level on mtgox ($120-125 on bitstamp).

Or you could do 1767 BTC at 92% re-staking the lot 10x over - and double your money.

Absolutely! As clearly the Japanese banking system still uses the abacus and carrier pigeons then why doesn't mtgox do exactly this ^^^ (unless they don't have the money  )

This thread answers this one: "What is all this computing power used for?" https://bitcointalk.org/index.php?topic=305182.0

Hmm. Is the FEC "shutdown" or "essential"?

Indeed. And then consider the investor bankroll is approximately the same as 37,735, and that JD has only been running a few months. So, is it reasonable for all the investors to expect a 100% profit after a few months?

Or is it more likely that there is not 37,735 of coins in gamblers hands which are prepared to be lost and the 3.7m total turnover is much higher than would be supported by organic growth because for some reason the 1% edge is not having the expected effect of draining the supply of gambler coins.

Each time the Fed prints a dollar it is producing a paper claim on a dollar worth of future taxes to be paid to the US Treasury by the US taxpayers. The Treasury has sub-contracted the monetizing of its tax income stream to the Fed. The "loaning" in this situation arises because the tax income does not yet exist, so is a Treasury debt to the dollar holder (since 1971 repayable only in printed dollars  )

The handle is ready to fire!

That QE printing is exactly the source of money for the 40% deficit spending which is what keeps the USG going. Basically the shutdown is the result of Congress finally ordering the Fed to stop printing.

The USG cannot go bankrupt because it has massive tax revenues which exceed bond obligations (at present). However it has so much committed to other spending plans that pruning those will be an austerity path of Grecian proportions (without any ECB "assistance").

IMHO, in a few days either Boehner or Obama will wimp out and deficit spending will continue as per normal. Dollar debasement to continue, Bitcoin UP.

Anyone who thinks "shutdown" = "default/bankruptcy" is drinking the kool-aid of the dumbed down mainstream news channels.

The USG is receiving tax receipts for 60% of its budget, and borrowing 40% to tick over. As long as they don't shut down the IRS then tax receipts will come in. It will not default on its bonds, it can pay those obligations. What is at stake is going cold turkey to a balanced budget. Ideally this should happen over a 10 year period. Not overnight. But doing this overnight is better than allowing the existing borrowing trajectory to continue until the point of systemic failure.

What is at risk of being cut is social security (which is unfunded), medicare (hugely wasteful), defense (currently 40% of the world total military spending), food stamps, continued bank and wall street bailouts, ongoing Fannie and Freddie and FHA bailouts, Frankensteins like the DHS and NSA.

It is the opposite.
This stalemate is good for the dollar because it shows that a number of politicians are serious about reining in spending. The USG will stop entitlement spending before it stops bond redemptions at maturity and interest payments.  The equity markets are high in recent years only because of money printing. People think that markets crashing because of the stalemate is "bad" whereas it is a pricing in of the necessary economic (painful) medicine which needs to be taken now instead of an (agonizing) Zimbabwe-like currency collapse taken later.