Our offshore IT company pays bitcoin to some of our contractors abroad, especially to those who are located in countries with strict regulations and capital controls.
It's about $20k-$40k of USD value monthly.
Also our shareholders receive 50% of their dividends in bitcoin and keep it as savings. You are awesome! |
|
|
|
I hope it is. It's an ancient russian tradition to host servers anywhere but Russia. But governments still can freeze russian accounts for fiat currencies and we will have another gying MtGox. |
|
|
|
Are these governments schizophrenic?
Russian State media promotes bitcoin like crazy.... then bans it?
Chinese State media promotes bitcoin... then bans it? Then sort of un-bans it, without really saying so?
US federal hearing endorses bitcoin system... then arrests or bans everyone not part of the corporate establishment?
What's with the mixed messages, guys? Can't make up your mind?
Media promotion is like "hey, look at those freaks, haha". And when it becomes to "oh f@ck, everybody around started to use bitcoin insted of our crappy currency" — government comes out and takes measures. |
|
|
|
Well it is pretty catastrophic, Russian exchanges account for about .000000001 percent of volume last time it was reported  is an exchange from russian developers and it's one of two biggest stock exchanges in the world. |
|
|
|
Had a native russian friend check it out - this is a ban, folks.
But I'm sure reddit and elsewhere will say "this is actually good news".
This is not a new ban. "Money surrogates" was banned in Russian since nobody remembers when. This is just a warning from russian central bank. |
|
|
|
|
Yes, it's a warning, not a some new ban.
|
|
|
|
Great for what? You are a statistics guy. Would you say arb between gox and btc-e is happening right now? If it was, wouldn't the prices be converging not diverging? Great for dying, of course.  A big divergence between MtGox and other stocks means: - it's too hard to withdraw fiat currency;
- people are escaping from MtGox by buying BTC and withdrawing them.
And I think there is no arbitrage currently possible between MtGox and other exchanges due to MtGox withdraw problems. And this is the reason why we have 20% divergence already. |
|
|
|
|
Please don't bother this forum with google-traslated announces of shitcoins. Thanks.
|
|
|
|
And the price gap in % of price?  |
|
|
|
|
Sounds funny.
Fiat withdraw problems → BTC price rise → more people want to sell BTC and withdraw fiat → more fiat withdraws → more fiat withdraw problems → BTC price rise → ...
I think there's a parameter which limits this circle. Otherwise BTC price will skyrocket. Could it be withdraw time?
(everything you read above is a joke)
|
|
|
|
This is ridiculous. Who would even trust 3000btc to btce? I would just keep that shit in codl storage. Good morning. BTC-E is the largest bitcoin exchange now. Check it:  |
|
|
|
На MtGox’е до сих пор висит заголовок: «торгуй на крупнейшем в мире обменнике bitcoin!»  Но он уже не «крупнейший в мире». На http://bitcoincharts.com/markets/ можно увидеть, что объем торгов на нем меньше, чем на BTC-E или BitStamp: По-моему MtGox потерял свое единственное преимущество. Не знаю, что теперь сможет удержать его на рынке. Цена за биткоин на MtGox’е более чем на $100 выше, чем на BTC-E или BitStamp. Все знают, почему: с MtGox’а хрен выведешь фиат, и единственный способ забрать оттуда деньги — купить биткоины. Разница в $100 выглядит пугающей, поэтому я нарисовал график с относительной разницей:  Как видите, относительная разница пока не такая уж и большая — 15% как обычно. Итак, я что-нибудь пропустил? Что вы думаете по этому поводу? Или всем пофиг на MtGox?
|
|
|
|
MtGox header says: "Trade with confidence on the world's largest Bitcoin exchange!" But it's not "the world’s largest" anymore. You can see it on http://bitcoincharts.com/markets/: I think that means MtGox lose it's only advantage. Now I don't know what could save MtGox on market. MtGox bitcoin price is above $100 higher than on BTC-E or BitStamp. Everybody knows the reason: it's damn hard to withdraw fiat money from there and the only option is buying bitcoins and withdraw them. $100 difference looks scary so I drew a graph with relative difference between MtGox and BTC-E (I'm russian, you may be noticed :) As you can see the relative difference is not so high yet — about 15% as usual. So, what have I missed? What are you thinking guys? Or nobody cares about MtGox, huh?
|
|
|
|
The spread between Gox and Bitstamp is up to $170, and the spreads on Gox are through the roof at $10 difference between bid and ask, while Bitstamp's are at $.1 or less.
You guys inspired me to drawing: If you look at relative difference instead of absolute you realize it's not so bad. (sorry for that terrible saw instead of lines, I use bad data) |
|
|
|
|
Show Posts
