The Mt. Gox depth table has some asks below some bids. Something has gone wrong over there.
Rarely anything ever goes right over there. We really need to get the volume over to another exchange. I'm hoping this new BX exchange pans out. BX looks good. I wonder how much it will hurt their volume that they are US only? |
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EDIT: OK, wouldn't work as I wanted. They don't allow traders to set up temporary pitches or sell on the move like that in that area. Pity.
Bitcoin is not (yet) a currency. It's like having a sign that says " I'll give you money if you add me as a friend on Facebook", or " give me a dollar and I'll add you as a friend on Facebook". You wouldn't make or spend a huge lot of money anyways, so I think it's worth the try. I don't know the US, but at this stage I would say it's unlikely you have any legal issues, only practical ones. I think he means traders as in anyone selling something. Apples, trinkets, bitcoins, anything. |
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The order books are really crapped up right now. Hard to trade since a bunch of bids/asks aren't real.
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How are phantom bids artifically holding down prices? I'm assuming these phantom bids are using the exploit found yesterday and will not be executed. Is it preventing legit orders from being executed? If not, it's not holding down anything, just screwing up the bid/ask charts.
They are phantom asks, not bids, currently. And if people are using the mt gox interface they keep trying to buy at the price 16.75, when no one is selling that low. |
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Looking at the bid/ask lists at mt gox here: http://bitcoin.clarkmoody.com/order-book/There is overlap between the bids and asks. Bids 5.0 5.0000 16.851 7.4 2.3798 16.84 8.1 0.7600 16.83 Asks 16.75977 0.2000 0.2 16.75998 0.0500 0.3 16.83999 3.2600 3.5 and it isn't going away. While I'm trading (I'm the 15.851 bid) It seems that I can't pick up the first few asks. They all seem like phantom asks. Yet at mt gox, I'm told when placing an order that the lowest ask is 16.75, even though it doesn't seem be real. It seems like this could be artificially be holding prices down. |
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I think we are consolidating for a run up that will probably start next week or so. Google trends has actually seen the second major decrease this last month. The Last one was in may, and there was a price drop/consolidation at the same time. I think the best way to keep an eye on price potential is to watch google trends. http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=ytd&sort=0 |
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Currently 51646 generations are unspent out of 115881. That's 2.5 million BTC.
Wow... does that mean that one person holds that much of the total number to date? It could be a place like deepbit or mt gox. |
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I think you just found a inescapable vulnerability, what if someone sets up two accounts and they just send bitcoin back and forth. It would crash the system. I can see no fix.
This has been discussed. The fix is transaction fees. Knew there had to be a fix somewhere thanks. When do transaction fees kick in. Transaction fees have already kicked in. Right now, we still get a pretty quick response even if we don't pay transaction fees. But if the network ever started getting clogged, you could pay a small transaction fee to be given higher priority. In the future, it is possible that transactions without fees take days, while transactions with fees go much quicker. |
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There have been several threads about people who's money was sent to the same group of addresses. We are still trying to figure out how the computers are being compromised.
Could you give us a list of bitcoin related downloads you have made.
Do you feel like your computer is susceptible to traditional viruses?
Do you have your wallet online anywhere unencrypted?
Have you run any namecoin binaries?
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I think I'm looking forward to this exchange. The mt gox "delay" is getting annoying. And I've always wanted the ability to put in a fill-or-kill order.
I'd like to see call options. bitoption.org But, if a big site that could actually get some volume going that would be awesome. |
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I think I'm looking forward to this exchange. The mt gox "delay" is getting annoying. And I've always wanted the ability to put in a fill-or-kill order.
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Most of my money is already in bitcoins. But that is because I don't have much money.
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That is the mtgox account, slowly paying out as people withdraw. I think.
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This is merely a phishing email. NO DOT RESPOND TO IT. Your email address was leaked earlier, people are playing with you.
DO NOT FOLLOW ANY DIRECTIONS IN THE EMAIL.
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A sustained attack from a larger network, aimed at nothing but destroying the network. By the size of our current network, and the growth rate, I don't think this is ever going to happen.
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I didn't have any old account with MtGox and that what I told him - around 6 times. I am new! please credit a new account for me.
What do you mean you are new? You sent them money when you don't have an account? |
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Hash collision seems really unlikely to me. The odds should be microscopically small.
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@bji
Block always come about 10 minutes apart, now matter how many miners or transactions there are (see difficulty). It would be pretty hard to accidentally end up two blocks behind.
Yes, if you don't include a transaction fee, you may have to wait hours for your transaction to be confirmed, maybe days, maybe never. But, include a large transaction fee, and all the miners will put you at the top of their queue, because it is the miner who first confirms a transaction that gets the fee. Thus, a free market for transaction fees are created.
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I can verify that 7XiBKeJe5ochSqVW is in fact the correct password, he was unsalted, and using "simple" md5. I cannot verify the salted passwords, they seem to be a different type of md5 then I am using. Why are there two different types of md5, and what do I call the second one?
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