How is that a valid counterargument? can we please shut down Bank of America for 2wks since i think they should undergo a third party audit in light of the loads of evidence they're hiding all sorts of losses on their balance sheet, not to mention off balance sheets?
this will give everyone plenty of time to make USD withdrawals to find out if their money is really there.
it isn't. its actually as stupid a recommendation as his is for mtgox. how about that bet btw? |
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I don't understand the reasoning behind this. Why would I do this?
MtGox has been great for Bitcoin. Why would I punish them by using other exchanges?
In my opinion, this is a stupid stunt. Unless, of course, you work for another exchange and are trying to screw your main competition. Then it's an evil stunt.
If you think it is stupid, then please do not participate. No, I do not work for another exchange. I just want honest markets. We shouldn't just assume they are honest, but test them from time to time (Hold them accountable). If I was mtGox, I would fully embrace and encourage this audit and be glad it was happening. Sure, they would loose some short-term revenue, but the long term effect would ensure that they remain #1. if you truly were just concerned about transparency and open markets instead of trying to inflict harm on the main btc exchange, you would lobby Mark to undergo an audit thru more traditional means such as mobilizing a petition or contacting him directly to move in a more constructive direction. by recommending a full on bank run withdrawal you betray your true motivation which is to try and harm mtgox irreparably and to try and harm the btc community. |
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What on earth is Skype doing on that list?
it should be there as far as i'm concerned since it is a P2P technology that is putting pressure on the telecom industry. |
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What makes you think that MtGox will waive the withdrawal limits in order for people to do this? Expecting a business to forego two weeks of revenue is a pretty big ask.
That's why the proposed audit is a period of two weeks. Plenty of time for withdrawals. can we please shut down Bank of America for 2wks since i think they should undergo a third party audit in light of the loads of evidence they're hiding all sorts of losses on their balance sheet, not to mention off balance sheets? this will give everyone plenty of time to make USD withdrawals to find out if their money is really there. |
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I would like to hope that MtGox has been 100% trustworthy with the BitCoin market.
However, we bitcoiners should never assume, but hold every exchange accountable
from time to time.
I'm calling (proposing) all traders to take a break from mtGox starting Sept 25th
for a period of two weeks. In that time, withdraw all bitcoin and other money
depositing it into the next exchange of your choice. Or you could trade on various
exchanges which I do (not all eggs in one basket).
I will be withdrawing all my funds from mtgox during this period. If all funds are
available to all those who withdrew and there's no evidence of manipulation in
the mean-time then I will be happy to have the majority of my trading to
continue to occur on their platform.
Please join with me! For the long term health of bitcoin.
Please help announce this audit on all other forums and bitcoin related sites.
I have nothing against MtGox and I hope they succeed.
LOL! what a lame brained suggestion. the trolls are back in force precisely b/c they're panicking about the huge reversal UP in price today. your handlers are gonna fire you if you don't get the price back down. for your information, i've moved large amounts of money thru mtgox with NEVER a problem or a penny missing. Mark Karpeles is trustworthy and honest and has donated loads of bit coins to help the bit coin economy. you're just trying to start a run. lame. |
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since you are so pained then similarly you must be convicted. conviction should then mean you would be willing to put your money where your mouth is.
i bet you 100 BTC or $670 to be held in escrow that the USD denominated price of BTC will be higher 1 yr from now than it is today. how about it?
I've seen a lot of people trying to make these bets but no one taking them. its b/c many of the trolls here haven't taken the time to study the technology or the mathematics behind Bitcoin. they also don't understand how money works which is why i'm sure they'd be against gold as well. they're just paid shills for the banks and/or gov't propagandists. |
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It's painful to watch self-delusion as it happens. all the weak hands have been washed out now and the coins are now in the hands of the strong well healed pros who are prepared to take this thing to the next level. which is gonna be a lot higher than anyone here can imagine.
Shinobi: I can't hear you. He's offline, besides it's been all of 15 minutes, calm down. he's been online since i posted the bet. i'm perfectly calm waiting for him. |
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It's painful to watch self-delusion as it happens. all the weak hands have been washed out now and the coins are now in the hands of the strong well healed pros who are prepared to take this thing to the next level. which is gonna be a lot higher than anyone here can imagine.
Shinobi: I can't hear you. |
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It's painful to watch self-delusion as it happens. all the weak hands have been washed out now and the coins are now in the hands of the strong well healed pros who are prepared to take this thing to the next level. which is gonna be a lot higher than anyone here can imagine.
since you are so pained then similarly you must be convicted. conviction should then mean you would be willing to put your money where your mouth is. i bet you 100 BTC or $670 to be held in escrow that the USD denominated price of BTC will be higher 1 yr from now than it is today. how about it? |
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it IS inevitable. just like whats happening with Linux, Firefox, BitTorrent, email, Apache, Skype, Android, OpenOffice, Wikipedia.
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sorry, my preferred answer is not there:
it was never a bubble to begin with.
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the activity on mtgox is enormous today on buying volume.
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Al Qaeda just bought in
Irony from bitPLANE himself. |
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Wall Street loves ironies as in the 3/09 S&P stock market bottom of 666.
I predict we'll look back at 9/11/11 as the bottom in the Bitcoin price.
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all the weak hands have been washed out now and the coins are now in the hands of the strong well healed pros who are prepared to take this thing to the next level. which is gonna be a lot higher than anyone here can imagine.
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the bottom is in place guys. ALL ABOARD!
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fair enough, i'm heavily invested in pm's, personally i see silver hitting $250 at its top, and gold maybe $10k .... despite jpm's shorts. i dont think they have enough "physical" metal left to control the price like they did in the May smack-down!!!! they will lose out in the long run because of such strong public physical investment. the paper world will unfold and reach is true worth ....$0 ! "if you cant touch it you dont own it!"  good for you. that certainly seems to be the wisest play so far. since i haven't seen you on this thread before though, i'd just encourage you to go back and read thru my reasoning about why i'm concerned. i believe its logical and compelling altho ultimately could very well be wrong. don't just watch gold/silver; watch the USD! |
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you've been trading in gold for bitcoins !??! all i can say is you crazy fool ......................... so exactly how much money have you lost so far ?!?! haha  i'll also pt out that i made a quintuple gain on silver and more than a triple on gold so yeah, that means i own alot of bitcoins. |
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