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I keep my IRC client permanently idling in #mtgox now, to keep an eye on the drama there.
Actually though, they are holding up better than in the spring.
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[17:13:13] <SarahCoinBit> The deposit issue is fixed now so everyone should have their coins. Please let me know if your deposit still hasn';t gone through |
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bitcoin doesnt care if its worth 100 USD, 10.000 USD or 100.000.000 USD. at every price bitcoin has (nearly) the same benefits.
Not really. Bitcoin needs large valuations in order to be able to handle larger transactions. Imagine international shipping companies wanted to use Bitcoin a replacement for letters of credit. How would you pay for a $100 million shipment if the exchange rate was $1 and there are only 21 million bitcoins? |
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I hereby want to apologize to all the permabulls I have been finger pointing, cypherdoc, rampion, justusranvier and many others here. Thanks. Based on our conversations I've learned to be a bit more careful about what is and is not sustainable in the short term. |
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Based on the chatter in #mtgox, they appear to have resolved their problem with BTC deposit delays.
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This has been happening since February.
Make sure you are level 2 verified, then contact their customer support to get your account whitelisted (to bypass their automated fraud checks) and you won't have that problem any more.
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30$ + on bitstamp vs mt gox. sorry i mean mt gox is at least 30 bucks more than stamp now. usually its like ten bucks. Hint: Think in percentage terms, not absolute dollar terms. Mt Gox is about 9% higher than Bitstamp, which is normal compared to the last few months. |
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A business partner which lies to you and didnt communicate when a problem occurs is more then useless. Smells like fraud.
This should be a lesson to everyone. Gox is a sinking ship. They will take the cash + the coins with them. By those standards they've been a sinking ship since 2011. They manage to stay above water though, somehow. |
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I have to admit I'm a bit worried of having gone parabolic so quick. As we all know parabolic growth is completely unsustainable mid term and preceeds panic sells and deep crashes (the wild euphoria turns into panic very quickly), so I would have been more comfortable with a few months of linear growth before the 3rd mania phase w/ exponential growth.
If this trend continues with stopping to consolidate and return to a sustainable path we would reaching five figures in just a month, honestly I don't think that will happen, is more likely that huge correction/pop happens before that unless there is a consolidation phase.
On the weekly chart we are just now starting to see the kind of growth that characterized mid to late March. (33% now vs 35%-46% then) If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic. |
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Historically, my ridiculous bearishness has cost me. Just ask adam.
But it gained you your own theme song. That's got to be worth something. |
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whoa.. is this real life?   No, this is Bitcoin. It's better than real life. |
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The one thing this rally is missing is some new Bitcoin songs...
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Mt Gox is now having problems with BTC deposits, not just withdrawals.
That at least partially explains why there are so few coins for sale there.
Once they get that straightened out, it's possible that a lot of coins will be sold all at once.
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Did you release the Bitcoins without getting paid, or did the buyer just cancel?
I mean, because the buyers in general are pretty flaky.
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Were you selling bitcoins, or buying bitcoins?
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Don't worry we should be receiving official information soon: [02:39:49] <@marionxd> justusranvier: The truth, they are working on today publication and that is why this communication is delayed I expect the eventual public explanation they offer on their web site to live up to their typical standards of helpfulness and timeliness, as they so often do. |
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How do the miners get the coins onto Gox in the first place if they can't be spent??
They are part of the coinbase transaction. Sorry I'm not following, how did CoinBase get into this? Not that Coinbase. This one: https://en.bitcoin.it/wiki/Coinbase |
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Freedom is incongruent with 100% consensus. Duh! (on me not you) Well yeah. Thanks.
So the only way you end up with 100% consensus is by state decree and then printing digits out-of-thin-air to gain the power and trickery to make that unnatural 100% consensus stick (with some percent of that 100% under duress). Did the government force everybody to standardize on HTTP for web sites, or did users freely choose to standardize on the most widely-deployed protocol exactly because the network effect made HTTP more valuable than its alternatives? |
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There has not yet been a conference announced in Austin, Texas on March 6th, 2014, but there will be.
If I can help, let me know! Much of the planning will happen at the Tuesday meetups. |
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