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181  Economy / Trading Discussion / Re: How does Mt. gox sell the BTC's they've earned? on: August 29, 2011, 10:52:35 PM

Looks like they've made about 8k btc's in the last 30 days or somewhere around there.  If they're holding them thats great, but it would be nice to be more open about it.  If they sell they get to collect fees again from the unsuspecting buyer.  Not saying this is the case but you never know these days.


You write in a tone as if this would be something "wrong". Any why would you want to know what do they do with their money, be it BTC, or USD, or do they exchange one to the other. Does MtGox ask you how do you spend your money?

They can exchange their USD or BTC one way or the other on their own exchange like any other customer, and its nobody's else business. I bet they trade them back and forth whenever its convenient for them or they see opportunity for profit, be it for falling/rising exchange rate, or just for the extra 0.65%. The more they trade it, the better for the market because it gets more liquidity.

Anyone whining about them making an extra 0.65% out of the 0.65% fees they already made, should just mind his own business, instead of picking at perfectly legitimate trading.

I wasn't whining I am merely curious.   I did not complain once about the trade fees, I find them quite reasonable actually.  I don't even use them, but they do have an effect on the overall bitcoin market.
182  Bitcoin / Project Development / Re: Bitcoin Social Network on: August 29, 2011, 09:47:15 PM
I think its a great idea.  Could people have buyer and seller ratings in their profiles?
183  Other / Off-topic / Re: Pattaya on: August 29, 2011, 09:45:05 PM
This might be the deepest hole bruce ever had to pull himself out of.  No pun intended.
184  Economy / Trading Discussion / Re: How does Mt. gox sell the BTC's they've earned? on: August 29, 2011, 08:47:45 PM
If they sell they get to collect fees again from the unsuspecting buyer.

How are they any different than any other seller?


Guess they aren't much different.
185  Economy / Trading Discussion / Re: How does Mt. gox sell the BTC's they've earned? on: August 29, 2011, 08:24:43 PM
why would they sell?  Huh

Same reason you or me sell? to pay some bills? Hookers? Renting midgets for Bday parties?
they earn USD as well... it should be enough to pay the bills

Looks like they've made about 8k btc's in the last 30 days or somewhere around there.  If they're holding them thats great, but it would be nice to be more open about it.  If they sell they get to collect fees again from the unsuspecting buyer.  Not saying this is the case but you never know these days.
186  Economy / Trading Discussion / Re: How does Mt. gox sell the BTC's they've earned? on: August 29, 2011, 06:19:58 PM
why would they sell?  Huh

Same reason you or me sell? to pay some bills? Hookers? Renting midgets for Bday parties?
187  Economy / Trading Discussion / How does Mt. gox sell the BTC's they've earned? on: August 29, 2011, 06:12:53 PM
Don't they earn btc's from every trade as well as USD?

Are they the huge 25k dumps we always see or do they do it slowly in the background?

Just wondering.
188  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Show is a Failure on: August 29, 2011, 04:15:47 PM
I think people scared bruce away.  He posted on twitter that he wont be taking part in these forums anymore.
189  Bitcoin / Bitcoin Discussion / Re: TED discussion - Bitcoin - Commerce without Borders on: August 29, 2011, 05:55:10 AM
Thanks man.
190  Economy / Marketplace / Re: Smoky Mountain mining now offering daily dividends to GLBSE investors. on: August 29, 2011, 04:58:51 AM
Dividend payed,

please make sure you got it.  For now on they will go out daily.

Just want to clarify that I own 10200 shares but I'm only getting dividends on 5000 shares to cover my initial investment.  I don't feel right taking 51% of the dividends.

So for about 1881 shares have been sold.  I've purchased more mining equip and just waiting for more funds so i can buy a power supply and maybe a card or 2. Also bought 31 shares of LIF.A.

I've kept a pretty good log of income and expenses here.

https://docs.google.com/spreadsheet/ccc?key=0AvdHbho4OHt9dFVTVHFUNFVvNFZyc2E5eERPeFd2Y1E&hl=en_US#gid=0

191  Economy / Speculation / Re: R.I.P Bitcoin on: August 29, 2011, 01:07:11 AM
1994 Today show.  "What is the internet anyway?"

I believe this is the stage we're in.

http://youtu.be/JUs7iG1mNjI

I believe this is the stage we're in.

http://www.youtube.com/watch?v=ESaTREAAzww

Sweet, back in the 90's when all the other teens were out on the town I was on the BBS.  I used to use telemate cause I could script games. Wink
192  Economy / Services / Re: Bitcoin Mining Coop (GLBSE Investment Op) on: August 29, 2011, 12:10:53 AM
I'm having a hard time following this one.

4.  If the 51% is reflected in share allocation then all dividends payment etc will be somewhat opaque as you'd have to dividend off an amount larger than you actually intended to and then give back most of the dividend that went to yourself.

Can you elaborate?
193  Economy / Speculation / Re: R.I.P Bitcoin on: August 28, 2011, 11:54:49 PM
1994 Today show.  "What is the internet anyway?"

I believe this is the stage we're in.

http://youtu.be/JUs7iG1mNjI
194  Bitcoin / Bitcoin Discussion / Re: The Great Bitcoin Treasure Hunt on: August 28, 2011, 07:14:45 PM
I think its a good idea, I posted it a few months ago but got no replies. hehe.  I think it would generate lots of interest.
195  Bitcoin / Mining / 4 x 6870's Which Psu? on: August 28, 2011, 06:45:10 PM
I'm building a rig with 4 6870's which psu would be the best without going overboard? Also will it come with enough cords to connect to them or will I have to buy something extra? Thanks

Mike
196  Economy / Goods / Re: Wts: 3 card mining rig on: August 28, 2011, 05:49:38 PM
Is this the reference 6870?
197  Economy / Speculation / Re: Here we go again, another major price drop for bitcoins on: August 28, 2011, 02:35:27 PM
Are the methods for analyzing the charts made for something with this kind of inflation?



Yes, the charts work for very well for this. If you are interested, I can share some examples, but don't have time today.

Didn't you say we were in rally mode after we broke 11?
198  Economy / Services / Re: Bitcoin Mining Coop (GLBSE Investment Op) on: August 28, 2011, 01:56:03 AM
Sounds good, just don't grow faster than you can handle.  Seems like that happens alot round here. 

I'll be following your progress.  I say go with it.
199  Economy / Marketplace / Re: [SMM] Smoky Mountain Mining now offering daily dividends to GLBSE investors. on: August 28, 2011, 01:46:02 AM
Why not, expect my purchase. Now is this listed in the contract? The new dividend deal?

No its not, I can't edit the contract directly.  I already had nefario edit it once and I hate to keep bothering him really.  I figure if it says monthly and I pay everyone daily there shouldn't be a problem right? everyone happy?

If some craziness happens and I'm forced to go monthly again, then the contract wont need to be edited.  

Does this seem ok? Most companies on the GLBSE dont even put their dividend schedule in there, I don't know why I did.
200  Bitcoin / Project Development / Re: Bitcoin world changing developments at the Bitcoin Stock Exchange (GLBSE) on: August 28, 2011, 01:11:14 AM
Thanks Satoshi.

Is he? that would make alot of sense. 
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