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so... what would NXT's next name be? and to what purpose was making the "unfair" distribution deliberate.
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I hope what is more important is that after the incident at least they know where the loopholes are and have taken the measures to upgrade their security. Also, what I'm interested is how the coins get lost to the attacker? SQL injection, I'm not sure... but certainly it's not that easy to get hacked in the first place.
hence making the inside job angle very very possible. |
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Gox should be thanked for manipulating the prices up to $1200. If it wasn't for them it still would have been floating between $50 and $200.
Its coming down to its correct level, but the rally created a lot of free publicity and it is several times more well known now.
So you mean 250-300$ is the correct level? I guess no, there are hundreds of newcomers joining the bitcoin world everyday and that is certainly increasing the demand of the coin. If dumpers(mining equipment manufacturers who mine a lot themselves) start to hold bitcoins as bit then I guess the price would increase drastically and then it would be correct bitcoin's price. that would be a nice scenario yes.  why you want BTC to go up so badly if you don't mind me asking? you bought high? |
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but think about where BTC was 2 years ago. still looking good despite all the bad shit happening imo.
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Ok, I'll give you a little something that might pique some people's interest... The first part of the title is a quote from BCNext. The second part is a quote for Come-from-Beyond. And no, I'm not making that up  Quotes from the same guy. BCNext and CFB are the same person, the former was created to give an air of mystery and make it seem larger than life and trying to create parallels with Satoshi. It also allowed CFB to get a big part of the share without allegations. proof? |
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blame is not the right word for it i think. anything traded in the open market are subject to certain economic laws and market manipulation. so naturally BTC will trend up, down, go sideways, go smooth, go choppy, etc, etc...
But running away with 100thousands of bitcoin wasn't a part of the "economic laws" and market manipulation,that's what I was talking about. It made the bitcoin to crash suddenly and there wasn't enough room for it so stand up. if that's the case then yes. just like the financial crisis of 2005, there were certain players to be blamed. |
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only a falling price will make them let go of their NXT.
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blame is not the right word for it i think. anything traded in the open market are subject to certain economic laws and market manipulation. so naturally BTC will trend up, down, go sideways, go smooth, go choppy, etc, etc...
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Bitstamp hack was an inside job, same as Mt gox
Everyone is way too optimistic, I don't think they will even re-launch
possible. most multi-million dollar heists in history are inside jobs. i'm not saying the bitstamp hack is, but it is something to consider and think about. edit: i'm pretty sure law enforcement officers are investigating bitstamp employees too. |
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i hope the slump continues for 2 more years, so we'd know which ones are legit.
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Not so easy I think
that reserve includes the bitcoins owned by users,not their bitcoins.
Some calculations say that 18k bitcoins are aproximately 8 months of fees.
And from now on they will have fewer volume for sure.
It will take many time to recover this
I think this is the key point. Stamp is not going to disappear and the poloniex analogy is good one. However, 18K coins is a lot to make up over time via fees. not going to disappear but is certainly a huge dent in their cash reserves and reputation. There are a few well backed western exchanges currently lacking customers that will try to soak up current bitstamp's customers. Other than their liquidity and reputation of being here for a long time, I don't see it has other advantages over other exchanges. what other exchanges are there? time to find a new home. |
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Yes, it is.  LOL |
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cause if it is. i think we should stop fighting. and use the US dollar instead..
yes. ok, we use dollar. |
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Just wondering what would be involved in founding a new bank that's friendly towards the interests of bitcoiners. Of course you'd still be dealing with the problems of having to trust a bank, but at least it would be better than trusting the big banks that are always closing bitcoin-related accounts. I'm just talking about a bank that would be willing to open business accounts for bitcoin traders, and where you wouldn't have to worry about telling them you're using your account for buying and/or selling cryptos.
How much capital would it take to start a small bank or credit union along these lines? Which country would it make sense to try it in, if any?
wasn't bitcoin started so that we wouldn't have a bank? I think the OP is talking about traditional fiat-based banks that are friendly towards the interests of Bitcoin traders but don't directly deal with Bitcoin itself. While Bitcoin is supposed to eliminate the need for banks (an idea which I disagree with if Bitcoin is ever to become mainstream), those traders and businesses that deal with both fiat and BTC will require a traditional bank to process fiat transactions. Many banks today are unfriendly towards Bitcoin traders and Bitcoin-based businesses and will shut down their accounts if they see the word "Bitcoin" being mentioned too much. For example, I know a very popular LocalBitcoins trader who lives in New Zealand. He buys BTC from exchanges and sells it to people via LocalBitcoins in exchange for fiat. He has had two bank accounts (BNZ and ANZ) shut down recently because of Bitcoin-related activity and he recommends those who deal with him from not mentioning the word "Bitcoin" when sending money. This is because the banks don't like Bitcoin and are scared of it. A Bitcoin-friendly bank would easily remedy this situation. what about creating a ripple gateway specifically made for that function? that could be viable, right? |
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Stopped reading the moment I see "IOU"  yeah, but thankfully got some BTC out of stamp thanks to ripple. wish i had all my bitstamp funds in ripple, so i could at least have control still. but it's hard trading in ripple from bitstamp to snapswap, not much liquidity, so it's a waiting game. edit: and just to be clear, those IOU's aren't IOU's anymore as the BTC is safe and sound in my bitcoin wallet. |
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Just wondering what would be involved in founding a new bank that's friendly towards the interests of bitcoiners. Of course you'd still be dealing with the problems of having to trust a bank, but at least it would be better than trusting the big banks that are always closing bitcoin-related accounts. I'm just talking about a bank that would be willing to open business accounts for bitcoin traders, and where you wouldn't have to worry about telling them you're using your account for buying and/or selling cryptos.
How much capital would it take to start a small bank or credit union along these lines? Which country would it make sense to try it in, if any?
wasn't bitcoin started so that we wouldn't have a bank? |
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Just get in touch with one of the currently running NXT clones like NAS, NFD or NTX.
They have running systems already, and because they are NXT-based, you can build whatever else you want on top of them, just as you can with NXT itself.
This approach will save a lot of time on building a new NXT clone from the ground up, and allow you to just work on the extra stuff that makes your plan unique.
Good luck....
The NAS dev ran away so it's pointless trying to contact him. So did the NTX dev. NFD's still around: https://bitcointalk.org/index.php?topic=603932.2560;topicseen i think Long_Duc_Dong is motivated to see it through if he does decide to start a NXT clone. |
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we are monotoring the situation, they look unprepared and all exchanges should have plan B ready for their customers in these events
unprepared? that's not good.  imo, the first thing they should do is at least make sure they have enough BTC for withdrawals just in case people panic withdraw. |
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it is rhetorical and doesn't need an answer. just trying to make a point that amid all the scams in crypto, there are real projects that aim to create something great.
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is asset to asset trading possible in counterparty? Yes I think that have been possible almost one year. i thought they weren't. i thought everything has to go through XCP first. NXT is also the same, but will soon change when instantDEX rolls out. and getting back to IOU's, i got 5 BTC worth of bitstamp IOU's by trading them for snapswap IOU's and sent the BTC to my wallet via the bitcoin bridge. |
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