I read Mircea's blog post but I don't see any argument on why he is against the fork other than that it is a fork of Bitcoin and he doesn't like it.
And that he hates Gavin.
I don't get it. Someone please explain the downside of the proposed fork.
I guess one argument could be that Bitcoin is too big to fork?
a 'bug' caused a fork in March 2013 - bitcoin has to update its protocol to keep up with times; nothing wrong with a fork what has Mircea done lately for bitcoin!? he can go screw himself. he's no longer relevant in BTC world. |
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what will a spam master brings that truly alter the fundamentals!?
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I did a withdraw of bitcoins 90 minutes ago and it still says "processing". Usually it's instant. I'll try not to panic.  I tried doing a 2nd withdrawal just to see if it was a fluke, but that one is stuck too. I lost an opportunity thanks to this, but that's my bad for assuming they broadcast withdrawals immediately like they usually do.  Maybe hot wallet ran out of BTC |
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Let's ask ourselves, who's buying the coins? The mining co-ops are dumping them like crazy.
If one is to believe the willy bot story, then the price ride up is completely fake and without much merit - fake buy generated by the bot causing Gox to go up which in turn leads other exchanges to go up as some try to arb the difference. Just as the bot is operating, the Chinese jump in which fuels the fire.
The Chinese are now quitting the market to play their own stock market, miners are still dumping; if the latest drop in price freaks out the VC - I don't think that would be case though, then you still got another shoe to drop and A LOT LOWER TO GO. Btw, you still have $15 million USD on BFX that is buying coins on leverage which represents 85k BTC at current level.
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interesting that while total swap amount has declined steadily - from $22 million to $15.5 in a month+ time, that 7 million doesn't look like it has made its way back to the swap offers side as there's only 1.7 million sitting on FRR and 2.6 million to 0.04%
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Prediction: Lost of mining equipment being sold off cheap, some of which will be purchased by bitcoin enthusiasts who will hold rather than sell.
I doubt it - the mining co-ops are just idling their equipment and trying to wait it out. |
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That ETF thing dragged on for 18 months. It is not moving forward at all.
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hash rate seems to have dropped off quite a bit.  Maybe that drop to 216 was it ? shook someone up. The more BTC tanks the less profitable mining becomes until at some point these big mining concerns close shop. At least I would assume so. But you never know in this crazy bitcoin world. Maybe they got the message and will level off this insane hashrate increase we have seen and preferably turn it down for a couple months at least. If they didnīt get a clue I recommend trying $170-180 next. They are sitting on all these equipment, which is sunk cost; unless they resell it and terminate their leases, they'll switch on the mining equipment as long as the $/hash exceed price of electricity. |
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Is it me or have these topics decreased in quality lately?
The poster didn't elaborate his position - but I guess he's meaning the latest entrants into the space is either the ultra-rich or just poor folks try to strike rich quick. |
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This doesnīt look very sustainable  market is irrational |
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This is ancient history - the Chinese exchanges brought fees back in long time ago; Can't believe people still buy into this fake volume theory. |
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I'm pretty sure that if the price was going the other way hard, there would be whines about the miners hoarding and not putting fresh coins in circulation.  I doubt it - this is certainly not true for the 'corporate' miner |
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No. False design. Inflation. Miners can't change the number of coins they mine, not their fault at all.
You are a god damn fool. These corporations are setting up shop pumping out more bitcoin than they even have a demand for. you are the fool for not knowing more hashrate doesn't produce more coins. The inflation of 3600 coins every 24hours is a hard number and does only change every 4 years. Hashrate has nothing to do with the emission. Bitcoins design is faulty from economic standpoint. Logical mistakes in it. Inflation kills it. While the coin generation is slower than before because of halving. I think he does have a point though - in the past, individual miners mine the coin - quite a lot of them keep the coins. Now, corporation is mining the coin, but they are dumping it. |
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I would think that any business that comes back from such a thing is ligit - The owners of that company decided to take it on the chin vs follow the mt. gox road.
To me they are a worthy company, and show their allegiance to the community.
Didn't gox got hacked once and moved like 424242 BTC years ago ..... eventually, they are gone fool me once, shame on you; fool me twice, shame on me when it comes to $$, sorry, you have only one chance to keep and earn that trust. |
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I do see this as a cash out attempt - but I don't necessarily think it is a bad thing; one more revenue for people to get exposure to bitcoin and an easier / more accessible avenue for common folks. Could be a win / win.
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Nagle?  I thought Blitz would be one as well |
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the price is down but the site is up for me!
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that's the only way they can retain majority of the their customers - do what the Chinese did - zero fees.
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This is a significant first step.
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stalling excuses then the inevidable.
even if they manage to avoid bankruptcy, they are done. Would you want to use that exchange again?! Back in 2011 with Gox, you don't have too many choices, now there are numerous alternatives. |
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