We now have a European bank account so can accept deposits cheaply from the EU. email for details.

I think to most people the benefit over other payment methods is:
no fee
ability to do micro transactions
anyone can use it

Most people won't care about the austrian economic/libertarian aspects.

I should be accepting euros sometime next week.

Why not just use mtgox? You can sell them there for that right now and get LR.

Also you can use the dark pool at mtgox which is a great way to get a large amount of BTC at current market prices.

So depending how the network routing works it might be vulnerable to this attack when the cartel has < 50% of the network.
It could maybe work something like this:
Cartel maintains as many connections to other nodes as it can.
When the cartel finds a block it only tells the other cartel members.
When a non-cartel block is found, the cartel publishes the previously found block.
Since the cartel has many connections chances are > 50% of the network will accept the cartel block over the non-cartel block and thus the cartel block would become part of the main chain.
repeat

The cartel's advantage would be that the rest of the network would essentially be doing nothing during the time the cartel found a block till the time someone else finds a block. So the cartel would get a much larger % of blocks than it should.

So you don't have to have anywhere near 50% of the processing power. You just have to be faster to get your saved block on the chain.

What happens when two people both transmit a different valid next block? How does the network determine which chain to keep growing?

Paypal is only holding $5,000 now.

> If we all withdraw money, can MtGox guarantee no bank run
If everyone withdraws their money that is the definition of a bank run so I suppose there would be one if there is one.
I think you are asking will I cover the missing $5k. Yes I am covering it.

Both options and margin trading are on the to do list.

> Is an order publicly visible if someone selects "dark pool and normal"?
Nope

Doesn't this just shift who is taking the risk?
A sends Item to B
B gets Item.
B claims he never got Item.
B gets his bitcoins back.

Am I missing something?

Ok I'm going to accept paxum manually right now and if there is any demand I'll automate it.
So send me an email letting me know you are adding funds this way. And send the funds to paxum@mtgox.com. They charge $0.25 to transfer funds.

BiddingPond: Sorry no sandbox. I'd just put it up on a non-public URL and try. There is no transaction fee so you aren't really losing anything.

Well. the market would have dropped to about .05 without darkpools.

I don't know if etrade runs a dark pool but there are dark pools for probably everything traded on etrade.
The dark pool seems to be working very well. It is allowing people to place big orders closer to the market price. The result is greater depth, tighter spreads and less wild swings of the market.

brocktice: Your proposal is there now. There was a bug that kept it from showing up.
btw each group has its own forum so you could post your proposal there since it is really a discussion.

Oh I see your group doesn't have a forum. The group admin needs to create the initial forum categories. He just needs to start some topics.

you are right it is just on the real time mega chart. Don't worry I'll post the entire order book soon.

LobsterMan: You should be able to? Can you send me an email explaining what is going wrong?

Freemoney: Mega Chart does have the entire order book. That is where he is getting it from

kiba:
2. There isn't a fee for sending funds
5. Like I said on IRC your notify_url wont be hit until the transaction has 6 confirmations. Are you sure it isn't being hit after that?

Yes email is the best way to tell me about bugs or feature requests.

No I won't drop LR

I have a paxum account so if anyone wants this let me know and I'll set up withdrawal to paxum.