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It's trivial to filter through a list of newly registered website that contain the word "bitcoin" or "btc"
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mtgox makes much more than satoshidice, basically gox makes 1% of the monthly volume, the volume is usually at least 1M BTC per month, some times more than that,
I've seen several 2M months. so gox makes at least 10k BTC per month. satoshidice makes about 2k-3k BTC per month and they depend on luck, they almost went bankrupt at the start, and had to raise house edge significantly. mtgox has two employee though, also they pay for pretty good hosting.
1% of 1mn monthly volume is like 10k. Discounting their discounts, their expenses and so forth, MtGox is roughly in the ballpark of S.DICE. 2k BTC for employee and hosting would be more than enough. They still probably make 2-3 times satoshidice's profit. |
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mtgox makes much more than satoshidice, basically gox makes 1% of the monthly volume, the volume is usually at least 1M BTC per month, some times more than that,
I've seen several 2M months. so gox makes at least 10k BTC per month. satoshidice makes about 2k-3k BTC per month and they depend on luck, they almost went bankrupt at the start, and had to raise house edge significantly. mtgox has two employee though, also they pay for pretty good hosting.
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Look at this guy's history: http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=allimsellHe is able to consistently sell at least half of the listing of bitcoin for much more than $20 per coin. Why are people buying at $20+ when they could've gotten it for the market price everywhere else. I mean it's cheaper to just buy a casascius physical coin, and get the btc this way. I don't get it. That works something like this: The buyers buy, then reverse their transaction after the seller has left positive feedback. But this is the seller's profile, and apparently buyers left positive feedback for him. Once buyer leave positive feedback, paypal will not reverse the transaction. |
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I've been using Blockchain for a couple of months now. I've sent/received bitcoin on many occassions with no problems. All of sudden today I an unable to log in with my password. I am aware that Blockchain does not store your password locally so I wrote my password down on paper and put it in my safe. It is the same password I use on several of my banking sites, so I know the password well. For some reason I'm unable to log into my Blockchain account and there is no way they are able to help me!! I have this funny little feeling that they maybe have something to do with this. Since I'm unable to get to my money now and that account will just go stale I'm pretty sure that Blockchain will get that money eventually. Maybe they do this on purpose for random accounts? I'm %100 sure that I know my password. It is a little ironic that they don't store your password on their server and can't help me. Strange. So, if you have a lot of money tied up on Blockchain I would send it to your local wallet instead. I'm finding out that the best place to keep your bitcoin is your local wallet and NONE of these online places.
Sounds like your fault for not properly backing up your wallet, both on paper and in encrypted form (it's impossible for blockchain.info or anyone else to change your password on your backups). Plus since you re-use your password, how do you know if your password has not been compromised somewhere else, and the hacker simply went into your blockchain.info account. It can be pretty useless to hack into online banking, so you might not notice your online banking has been hacked. If your coin hasn't been moved, then if you have properly backed up, you would not have lost anything. |
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You are saying mtgox sold 8.08 BTC for you, while you only placed a sell order for 0.0205 BTC?
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Look at this guy's history: http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=allimsellHe is able to consistently sell at least half of the listing of bitcoin for much more than $20 per coin, and same thing happens with other bitcoin sellers too. Why are people buying at $20+ when they could've gotten it for the market price everywhere else. I mean it's cheaper to just buy a casascius physical coin, and get the btc this way. I don't get it. |
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Because they don't want Liberty and true Freedom at all. They are just a gaggle of collectivists looking for a red nickel, and only willing to pay a red cent. They whine and complain about the mega-banks meanwhile, most of them voted for mr. goldman (OBAMA) sachs (at least here in the US). They don't want to lift a finger they want the nanny state to wipe their behinds and dress them. Then they have the audacity to ask the upper middle class to give up what little remains of their bourgeoisie lifestyle. Whilst the ultra-rich benefit from the welfare schemes they demand.
Bitcoin doesn't fit Occupy.
Occupy doesn't fit Bitcoin.
All Occupy is likely to embrace is EBT cards that look like Visa cards and free services on their children's debt dime.
Pardon my rant.
Damn, you hit the nail on the head, this is exactly what's happening. |
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However, it all depends on the timeframe. As someone stated in his sig: "Long term up, short term rollercoaster!"
Everything dies, sooner or later.  But relevance depends on how soon. Something that dies 100 years later, is irrelevant to me. |
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Just want to say that the blockchain.info services kick ass. Definitely the best bitcoin related services out there (imho).
Yep, blockchain.info is hands down THE most secure and functional online wallet. I trust my coins with it entirely. |
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What is the IRC channel for trading discussions?
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You still can. All these "stores" are meant to make software as accesible as possible. Yes, they have veto power when it comes to what is allowed in their stores, but you can always download stuff the old fashioned way.
Android yes, Apple no. Though god knows, Google gives me an ominous sense of foreboding these days. fuuuuu, stop using words that I needed to look up in the dictionary, twice, to be sure what you meant. |
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Taxes are inherently bad, if it's not, then we should be paying 100% tax and have the government decide who gets what and how much.
Taxes are just a necessary evil, until we figure out a way for the free market to provide us with all the services we need while ensuring greed won't get in the way. Until that happens, we just have to deal with inefficient government funded services.
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The price has already crashed from $12 to $11,
Did you mean from near $13 to under $12?  Also, ... "crash"? A ten to fifteen percent dip over a weekend when no banks transfers can be made is not unheard of in these here parts. Near $13 is 12 under $12 is 11 |
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That depends on what you see as downward trend, you mean mid term?
for 3-4 months is what I see. Might go as low as $7-8 range, then stabilize to $10 level. |
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GLBSE was a huge part of bitcoin usage, tons of bitcoin were deposited with them. Now they are gone, and once
users get their coin back, they have no where to put them, there are currently no viable GLBSE alternative.
Many user will likely to sell their coins for cash. The price has already crashed from $12 to $11, even when no
user has gotten their coin back yet, now imagine the price crash when the users get their coins back.
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Most likely he thinks it'll be too messy to implement compared to CC payments.
I think he made a big mistake here, there are tons of people that has concerns to be personally associated with 4chan, an anonymous payment method like bitcoin would be perfect. |
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increase the reward 100X, and you might have success.
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dude you need to put in some more effort than a hastily written post with vague details.
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Now as I know believing a dream is not so rational. What do you think the chances are of this happening? Where do you see the exchange rate heading?
We hit $4 for a long time this year, actually we broke $3 for a while, why didn't you buy then? |
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