Anyone in this community looking to make a good point, is welcomed with open arms, and usually people are quick to come to the aide of any injustices in the community.
No, they aren't, more often they are treated with contempt and the person coming to their aid is some other noob. There are some genuine people of course but a lot of the hostility is just pathetic. Maybe it's because the people who have been here for 2 - 1/2 years - and truly understand the technology- are SICK AND TIRED of noobs/scammers/flamers/and trolls coming here talking out their ass with every single post. It smells like manure every time I open a thread. I was a noob just a month ago, but I got it immediately, and understood what this technology meant. And I gotta say after a month of being here I actually FEEL for all the developers and early supporters. The morons who peddle this as some type of HYIP or super investment are in for an ugly surprise. This is a system that cannot be destroyed, and the value of our currency is backed up by our faith in the system. The system is flawless, it has been thought through and through by people much smarter than me, you , or quite frankly anyone posting on these boards. The system is more powerful than the worlds top 500 super computers... Don't you think they saw this coming? Our job is to be above all of it, to grow up, and be mature. I bet the majority of the people on these forums are under that age of 30. That tells you something about the maturity level of everyone here including myself. Even if we don't see it in ourselves right now it's the time for us to act like adults, and truly start showing people why we think this is special, and how most importantly we think it will be able to help people change the world we live in today. |
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The world would be way worse if people like you ran it. Look outside your window. The only thing keeping another person/neanderthal from jumping into your house and killing you for your belongings is this society that you seem to despise so much. Once again I ask all you ULTRA-Libertines to LOOK OUT SIDE THE WINDOW.
Im no libertarian, but I can see the difference between free speech and murder. When people are coming in here and manipulating peoples lively-hoods with lies, I would call it just as bad as murder. Which is exactly what the moderators here are trying to prevent, scammers/spammers/thugs and overall liers. Anyone in this community looking to make a good point, is welcomed with open arms, and usually people are quick to come to the aide of any injustices in the community. |
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I hope the bitcoin community starts to see the true potential of bitcoins as a medium instead of an investment. Why trade bitcoins when you can build a business that literally PRINTS them. If you don't have the ideas, message me and I'll get you started...
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Write in this thread if you think, that moderators are deleting too much with the new rules. New forum rules discourage libertarians, developers and business people, basically anyone who contributes valuable content to the forum. New forum rules attract only kids fresh out of school. What they wrote in FAQs like "some users here have prickly shells, but we've grown to love them", this is not true anymore. Basically now unusual and insightful opinions can be deleted. And often are deleted, because mods are oversensitive. They promise free speech, but they aren't men of word. There is no free speech here, and no respect for user's time. If you want to have a forum for kids run by kids, go on and keep the current level of deleting posts. Bitcoin was advertised as libertarian currency. But for some undisclosed reason the owners of this forum changed their minds. Now we are heading towards bitcoin currency regulated by governments and have the bitcoin forum without free speech, which means the whole thing is not libertarian at all. The policy to not remove anything worked when the forum was small. Now that we have thousands of posts a day, we can't afford 50% of them being junk. The moderators are now instructed to be less tolerant of low-value posts.
Some guidelines:
1. Free speech - you can say anything as long as it is relevant and presented in a calm and polite manner. Swearing, SHOUTING etc. make your post more likely to be removed.
2. No zero value posts or threads, like "SELL SELL SELL"
3. No pointless or uninteresting threads.
4. No referral code spam
5. No NSFW content The world would be way worse if people like you ran it. Look outside your window. The only thing keeping another person/neanderthal from jumping into your house and killing you for your belongings is this society that you seem to despise so much. Once again I ask all you ULTRA-Libertines to LOOK OUT SIDE THE WINDOW. |
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mtgox can do what ever they want, they own the exchange, they alone have the authority.
BUT:
People who like it can reward them by staying and continuing to pay a commission on trades to them, people who don't can punish them by leaving and taking their commissions to some place else.
Let the free market decide.
Thats the best argument I have heard. Everyone needs to "Just Let The Markets Decide". The problem is that people think that even if an exchanger goes under all of a sudden all the coins that we have worked so hard for to legitimize/produce, are all of a sudden worthless, cause some clowns decided to go after mtgox? Are these people fucking crazy? Excuse my french.. |
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So here is an explanation of: 1) What has happened on Sunday 2) Why a rollback is the only right call I've decided to put this in a seperate topic so that this information can reach a slightly larger audience. Here is what happened on Sunday 19th of JuneAll of the following buy orders got executed on Sunday 19th of June, causing the price to crash from $ 17.51 to 0.01 $ in a minute http://pastebin.com/J0HXBjWuNow, it's simple. Count the amount of coins that people wanted to buy in the range from $ 0.01 up to $ 17.51 The only way that the market price can go down to $ 0.01 is that all these buy orders had to be cleared. In order to clear all these buy orders, a total of 51 million bitcoins had to be sold by someone. This is what happened on Sunday. Someone sold almost 51 million bitcoins at MtGox, causing the execution of all these buy orders, all the way down to $0.01But today only 6,6 million bitcoins truly exist. Nobody has 51 million bitcoins, and nobody will ever have 51 million BTC as you all must know... That explains the question:Was it a real trade? Where the trades real? Answer: no What was it then?Answer: A software exploit. This could have happened on many different levels. It could've been a SQL Database attack, it could've been an exploit in the website code itself, etc.... BanksThis happens in real banks as well, when a programmer has made an error in the code of transactions. A programmer could've written a bug in the software the causes money to get credited from account A, but not debited on account B. If such a bug occurs in banks, they will always perform a rollback. A rollback will undo all the incorrect transactions up untill before the bug. If they wouldn't do that, then money is being created out of nothing, or money is being deleted into nothing. In such a case, a rollback is always necessary. This is why MtGox needs to do a rollback. This is why MtGox's single correct answer on the situation is a rollback. "I did a great deal at $0.015 !! It's my right to keep them !!"For all those who think they have done awesome deals between $ 0.01 and $10.00 and are now being ripped off by MtGox because of the rollback. Sorry folks, but you bought something that didn't exist. Nobody was truly selling bitcoins at $ 0.01 So you didn't buy bitcoins at $ 0.01 MtGox doesn't rip you off. I hope this post helps. THIS |
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MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS
NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN
EVEN IF THEY COME BACK AND THE PRICE OF BITCOINS SKY ROCKET IT DOSEN'T CHANGE THE FACT THAT
MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT
BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN MT GOX IS NOT BITCOIN
This isn't some controllable pyrimid scheme,you need to do some god damn research before you post misleading information about a technology you know nothing about.
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We're not struggling, a CURRENCY EXCHANGER is .. I wish people would stop thinking of mtgox as BITCOIN. That is simply not the truth.. |
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Basically Bitcoin is Asperger's currency. "I don't have to make Bitcoin usable, marketable, media friendly or understandable to laypeople- it's just better so people of course people will use it. If the don't it's not my fault they are stupid."
Bitcins is a geek's currency. Geeks don't care for usability, marketability, media friendliness, or lay people. You gotta understand the geek mentality to understand bitcoin and other geek creations. I'm a geek, but I have to agree with Jessy. We have to make this user friendly for all the stupid people. It's true that geeks only care about facts, but you have to accept that not everyone thinks like we do. And if we want this to succeed we need a stable/predictable market with good solid backing from EVERYONE. Not just geeks... |
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Simplicity and a clean design is best. Facebook and google have proved that.
Design values are far from universal. Most people when they say "The Web" means "The English Web"- when that is only 42% and dropping quickly. Chinese and Japanese surfers prefer a much flatter site structure, instead of clicking to drill down sub-page after sub-page they like for the index page to serve as something akin to an index in a book. It looks pretty huge and cluttered to a Western eye, but our print graphic design is often similar. For the Chinese, this is the high conversion equivalent of Google's English-centric design: http://www.qq.com/http://www.sohu.com/http://www.163.com/http://www.tudou.com/http://www.youku.com/Japan: http://www.livedoor.com/Etc. Wow it's really funny looking at their sites. They don't look that advanced or intimidating at all.. |
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Simplicity and a clean design is best. Facebook and google have proved that.
Lets be honest and completely fair here. Google is a search engine, I keep hearing people bring it up like it's a website when in reality it's more like a tool. It would be retarded if it were anymore than what it is. Now I will get 1000 posts from you guys talking about how Yahoo and MSN have cluttered search pages. Well they only started adding content when they saw Google destroying them in the search engine rankings. Those sites all started off pretty simple as well.. And now you see Microsoft trying to move MSN and it's search into different sites e.g."bing.com" just so they can go for the simplicity factor, and be compete with Google. It's nut's where the industry has gone, considering thanose old ugly tiled backgrounds over crappy css and html that we used to see in every other website. The computer world has gotten so much better at computers as a hole and as a consequence quality is the new standard. People expect a fast product, that is reliable, and that isn't completely disappointing to the eyes (Orange and Red Layouts) |
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The goal is simplicity, and breath taking design. It can be done...
groupon did a really good job at this.
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Dude! We're talking about 9 million bucks here. Surely these last months MtGox made some money, but still isn't Microsoft or Google. Doubt they can cover the expenses.
I seriously believe that the only account being compromised is Mt.Gox's. See the psychological side here: ANYONE LOSING 500,000 BTC (more or less worth $8,500,000 USD) WOULD BE GOING APESHIT INSANE.Anyone would be twitting about it, shouting about it, ranting about it, talking to the press, talking shit about Mt.Gox, and blaming God, the Devil, the Archangels and cursing his own mother. This is the critical factor I consider since I am a psychology major I am way more attentive on behavioral cues. It is totally abnormal this silence from the account owner. Either this user doesn't exist or he is a Buddhist monk with the lowest neuroticism level in the history of mankind. According to Mt.Gox 500,000 BTC were stolen from ONE account, and that not only is highly implausible, but seeing the calmness of that supposed owner I rather believing that that owner is non-existent. The only one going bananas is Mt.Gox. Obviously you can claim Mt. Gox is simply protecting the credibility of his exchange site, but what is really interesting is that he insists on reverting back when actually there are other options. Why would an exchange protect the interests of only ONE user? When account got hacked in the past MtGox took some of the heavy lifting and reimbursed partially to the hacked user, never reverted back a whole history of transactions. Also why is MtGox so adamant in defending this single affected user? If that doesn't make sense then, we have three options left: 1) The REAL Account Owner: The hacked account "single user" account are Mt.Gox's or it belongs to someone closely related to Mt.Gox. 2) The PWNAGE Cover Up:The "single user account" is a cover story to hide the fact that actually the site got compromised much deeper than they are willing to admit. (loss of credibility would be the death of Mt.Gox) If the auditor/attacker got access to the passwd file, he could have cracked hundred of accounts in hours. I am currently testing that idea out, I've been trying to crack the hashes for 3 hours and I neared 600 accounts cracked, all of them from salted hashes and weak passwords. A simple script could have siphoned all the bitcoins out when the attack wasn't yet detected (maybe salami sliced, that's why nobody really noticed any thievery). The worst case scenario is that the attacker has been in control of the site from a long time and he actually didn't need to crack any password, he simply got them all in plaintext. 3) The STOOPID Cover Up: We can never leave out the most stupid causes, since stupid mistakes happens everytime, maybe it was a typing mistake, a new employee, a girlfriend playing with the admin panel, etc... These three possibilities makes Mt.Gox's claims understandable, it would be humilliating and his credibility would be completely stained forever. He wouldn't be able to admit such stupid mistakes. But one thing is definitive: The single hacked user account makes NO SENSE AT ALL.(Spin-off in a new thread) Lay off the weed bro. |
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I get 810 MH/s out of a water-cooled 6990 running at 950mhz using poclbm. For 250 BTC I can buy a nice 2 X 6990 fully water cooled rig that'll give me 1620 Mh/s. I suspect I must be missing something here and would appreciate some enlightenment  THIS |
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Don't sell your stuff, move to a cheaper state ! Electricity in florida is about .05 KWH, you can stay in the midwest to, some states are .03-.05KWH
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There will be differences in pricing no matter what. Look at Ebay,they are still trading at around $25 dollars there , which is amazing considering what just happened at MTGOX.. That point is irrelevant.
The high prices on Ebay are almost certainly due to the fraud risk that the sellers have. If they are, e.g., paid with Paypal, the buyer can reverse the transaction after receiving the Bitcoins. Therefore, every seller will charge a premium to cover that risk. On the other hand, the buyers also get an advantage for paying more: They don't need to trust platforms like MtGox, but can buy there coins on a more reputable platform. If the seller does not send them the Bitcoins they can be sure that they will get there money back. My point exactly, every medium of exchange will warrant its own value. If I started an exchange site right now, how serious do you think people would take me? And then to coincide with the point, I would have to offer the bitcoins at a much lower artificial rate just to get people to come in, and then that still doesn't measure the trust factor.There will always be fluctuations between exchangers for several varying reasons. But I guess ultimately the market will decide whats better or worse.. |
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i started out with 3 BTC for a coding job and did some more jobs for BTC.
i made a trading bot on mtgox and made over 2000 btc.
lucky me i sent 1000 coins into Tradehill just before mtgox crashed... so i still got some left
You still do, MTGOX is coming back.. |
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There are other solutions apart from shutting down the market, which can't be done anyhow. If one exchange closes during the weekend a competitor will happily step in and grab the customers who do want to trade while the other exchange is closed.
The most obvious solution is to hire a professional team of traders to do the trading for you while you are sleeping.
So investors who want to invest any serious amount of money, have to hire professional teams to manage their money 24/7 ? How can you consider this a serious option  |
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Yes - because right now there's a high volatility on individual markets and some of the listed markets only have a very low volume. This will change. You see arbitrage on all types of financial markets and Bitcoins are no exception. There will be differences in pricing no matter what. Look at Ebay,they are still trading at around $25 dollars there , which is amazing considering what just happened at MTGOX.. That point is irrelevant. The point at hand is: Will scheduled trading give investors a clearer, and more predictable future for their investments. The answer at this point in time is :Yes: |
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Doubt anyones going to post that here lol...
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