I have to admit, that is a pretty obvious deer agent.

obviously - he will not go for it since he knows who pays him, and he know that they failed with gold.

obviously - he will not go for it since he knows who pays him, and he know that they failed with gold.

Lol, I can only hope to fathom how you dug up such an apropos example.

Kudos.

I sold all my bitcoins last week

im not out of money on any day

Write it. Send it to me. 

Then I'll see what I can do. 

MtGox is switching from their crappy old French bank which has been delaying and screwing up lots of people's transfers to a shiny new bank which may or may not provide better service.

Or, let Europeans transfer Euros to MtGox.   

Which has not been allowed this whole past week.

Plus, you are being paid well by you employer to do this (Thinktank group? Banking Cartel? CIA?) - so that  is clearly an excellent motivation..

But seriously, bitcoin nullify banks, which is the strongest power faction on this planet. NOT having paid sophist like you here - well, that would be a surprise. But since, like everyone else, you also need to make a living - I welcome you and support your hopeless effort to try to slow down, even by a small measure, the explosion of Bitcoin which is coming soon (just wait until every porn & non-governmen-approved-gambling site will discover it and implement it with zero effort using something like bit-pay.com...)

I am using the estimates of governments.  They use educated estimates based on things like how much they bust, the size of grow fields in South America, spies in the drug cartels, etc.  Even if they are off by a factor of 4 and the drug economy is 20% of the world economy (A very high number), it still won't allow for increases like the ones we have seen since the beginning of Bitcoin.

You are correct that most of the wealth is not tied up in paper.  But that isn't relevant to the discussion.  What matters is the amount of economic activity measured in existing currency and extrapolating that to bitcoins.  The results are very unlikely to be off by more than a factor of 10, so they are still relevant to fact that bitcoins will  almost certainly never grow larger than 10,000 times their current value.

I'm not frustrated by society. I'm quite content to use USD or any other fiat currency.  I'm not fretting about governmental fiscal policy or any other of the non-sense ailments that bitcoiners hope to cure with their evangelism.

My time would be better spent doing any number of other more productive things, but I have a compulsion to engage in cheap entertainment and this forum offers plenty of it. Additionally, when presented rarely, it gives a good opportunity to engage in meaningful debate. But rarely.

I'm curious about an answer to this question myself. I have not read any notification concerning the elimination of dark-pool trading, it just went poof after the crash.

It could be that instead of showing up and just not being usable for people with a sub-$10k balance in their accounts, it simply doesn't even show up for them at all anymore, while in the meantime still being a viable option for those who do have that kind of cash.

Plus, judging from Adams remark to that guy who placed an inquiry a few days back to sell 50-100k bitcoins on their platform, there could be an OTC dark pool option (as in, mail Adam or Mark and they place a dark pool order for you).

It would be nice if someone with knowledge said something about this.

Son, you have to realize that most of the people here are mouth-breathers who found a vehicle for their impotent societal frustrations.

I woudn't say they're shit, it just depends on your perspective.  I think there's enough profit potential in the exchanges that I created my bot.  That would imply I don't think they are shit.  I have to hold inventory of bitcoin and USD, so I'm unfortunately forced to be a speculator when I don't want to, but I've accepted that risk for now.

The TL;DR version would be that I'm astounded at the level of trust this forum has with the major exchanges.  They just assume they'll do the right thing in the face of tremendous temptation.  I mentioned frontrunning in my last post, but MtGox could fix price at it suits them and the rest of the exchanges would follow.  That makes frontrunning look mild.  They could also come up with clever ways to have market-mulligans by rolling back trades  .

If anything is shit, it's the mentality of this forum.  That you're a hater if you question the exchanges or point out obvious flaws.  I want bitcoin to work as much as the next guy, but that doesn't mean I'm just going to ignore obvious hurdles and opportunities for unethical behavior.  As they say, absolute power corrupts absolutely, and right now MtGox has that type of power until some other exchange can draw a large share of the market.

It was just an arbitrary number to use in the example.  You could be right.


I was not aware that the hackers prevented all access.  The 500k, fake or not, would be a market event in that it quantifies the amount of coin that it would take to move the price substantially.  However, if buyers were blocked by the hackers then obviously the data is corrupt.  But as I said, I wasn't aware of this, my understanding was they just flooded the market and ate up all the bids.

Providing for the unlucky also means providing for the irresponsible, and this reduces the incentive to behave responsibly, leading to less prosperity overall.