what about a fat finger trade?  Новости / Trade is stopped 16:04 31.07.12 from support Dear users of the Exchange Btc-e.com The exchange is not going to close. We will refund all losses from our reserves.Neither the servers nor the database were compromised. There were no SQL injections. At 04:07 MSK (GMT+4) our LR API Secret Key was compromised. It's 16 uppercase, lowercase letters and digits. They may have bruteforced it for long. Using the key the hacker imitated LR deposits from many accounts and bought up Bitcoins, Namecoins and Litecoins. We lost our daily volume, approx. 4500 BTC. The attacker couldn't withdraw more
as most BTC were distributed over several offline wallets.At 10:30 we restored the database to the state it was at 04:00, right before the attack. All trades after 4:00 are reverted. People who attempted withdrawals before 04:00 MSK will get their funds withdrawn later today. For people who deposited BTC, LTC and NMC after 04:00 MSK the funds will be put to their balances before market opens. We are working on the scripts for this. If you deposited USD after 04:00 MSK you should send us your login, amount and payment system used by email or PM. Our plan: 1. The trade will be disabled until we restore the balances to the point before market crash. 2. After that, the trade and deposit/withdrawal will be back on, approx. within 1-2 days. Icq - 610112128 Skype - btc-e.support E-mail - support@btc-e.comAnd that folks is how its done! |
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First 10 customers get a little bonus  Get your plex/isk and bet on the upcoming alliance tournament finals this coming weekend! For anyone who doesn't know, eve online is a mmorpg that has the most ridiculous meta gaming. Try it out today with a PLEX! (30 days game time) www.eveonline.comI would love to play! Was looking on how to get on this game from a while but my question is, do they have any Debian-Ubuntu clients? Btw, will buy ISK and whatever else you offer for bitcoins. if you want to test the game out you can start an account and do everything except learn some skills for 21 days if you get a game invite from a player. send me a pm and I can email you an invite for free 21 day play then you can use the plex to continue on from there. |
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Handled large transactions very well. My experience ++. BTC for Plex a win win. Prompt service. Hope you can get setup with bit-pay fyi  https://bit-pay.com/ |
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Hard to say how long this wall stay with us (the 40k one at 8.9$) but I think its supporting us to 10$, before someone wants to crash the market again, arrrrrr
F' crashing the market! Cash out 40,000BTC for 395,940$, and only move the price 5 cents Do it, do it now! 395,940$ come on. you WILL NOT get a better deal for a very long time, time is now why not wait till its at 11? |
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That makes more sense. So you believe that there is underground quantum computing. Cool. I believe in the Flying Spaghetti Monster, as do millions, if not thousands, of other devout followers. http://www.venganza.org/I'm going to ignore your beliefs and every belief-based argument if you don't mind. As for your "plausible scenarios," why do you think they are plausible? That is what needs support. It is now safe to say that his perspective is based on his belief that not everything related with quantum computing discoveries is made public. However given historic track records with other technologies being held back from public consumption makes it plausible even if you choose to ignore it. Even with the attempt to claim of fallacy by ambiguity, does not make it an unwise or foolish belief. Its also true that I hope the Bitcoin project will gain in relevance in today`s world. My perspective, my belief that it is an alternative to gold and other forums of exchange, and solves issues we faced today using the traditional methods. Is but that my belief-based perspective. On a side note I will use an example of fallacy of relevance. Say for instance I think July 7 CERN will make it official or at least let us know when they plan to make it official. That the The Higgs boson has likely been found already. It does not matter what raw data I may have had access to. The point is its still my belief-based perspective. If I wish to extend that for others to make their own belief-based assessments, then that is up to me. However time will tell. You're right, though, computers are only a tool, and weather those advanced tools are available in use today is irrelevant. edit: unless they come online and you are holding onto a dozen of BFL ASIC`s bad boy`s |
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If you don't want logic lectures, debate properly. "Burden of proof" is a valid requirement. Do I really need to give an example?
"There's a monster under my bed which poops cold fusion"
I want to chime in here for the layman Technology will be developed and held as a close guarded secret one way or another. Take apple's approach to secrecy for example, in Walter Isaacson's biography of Steve Jobs. He describes Ive's design studio as "shielded by tinted windows and a heavy clad, locked door. "Just inside is a glass-booth reception desk where two assistants guard access. Even the most high-level Apple employees are not allowed in without "special permission." In a wonderful bit of pot-kettle-black criticism, other Apple employees describe Ive's design team as "secretive". When you're accused of secrecy by people who work for the most secretive company in the world, you must be pretty good at keeping secrets." And thats just for what may end up being a public Retail product. If you are responsible for a National and Global security, technology implimentations and its present usable sate may be and should be shrowded in secrecy. OR ELSE! Take for example one way to safeguard votes is to limit access to them when they're being transferred from precincts to central polling stations where they're tallied. This is just what the Swiss are looking into. "The nation is on the cutting edge of research into quantum cryptography. But unlike traditional cryptology methods -- encoding and decoding information or messages -- quantum cryptology depends on physics, not mathematics." You can read more here http://swissquantum.idquantique.com/?-Quantum-Cryptography- |
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This perspective is not new to me. However I like the doodle |
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IMHO there isss BTC in Them thar ASIC hills  One can make money from mining or from selling equipment to the hardworking miners |
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Canada government last week adjusted the details associated with mortgages that will take effect July 9th thats two weeks from today. Therefore maybe they will be needing their own bailout. Here is an interesting article to read on one persons take of the situation. http://www.greaterfool.ca/ |
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IF your going to buy or sell. Putting up your own ask/bids rather than selling/buying into existing trading positions is far more rewarding.
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I cant wait for the day when you can pay BTC for
Basic life needs.
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I have bills to pay and lemons to buy sometimes.
Basic life needs for most. |
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This is a pay week for many. Will be interesting to see what happens this Friday - weekend.
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The biggest rally - the one cut off by Mt. Gox getting hacked - was from $1 to $30. That popped, but the lowest it ever went back to was $2; there was enormous resistance there, and $2 became the new bottom, and the price slowly began climbing back up from there. The most recent big rally was from $3.20 to $7. That eventually popped, but the lowest it ever went back to was $4; there was enormous resistance there, and $4 became the new bottom, and the price eventually stabilized at $5, where it sat rather comfortably for about three months. This rally was from $5 to $6.75. Why, this time, will we bottom out at lower than we began? With reward drop coming $10 is inevitable sometime this year or Jan 2013. I'm still unconvinced that the reward drop will have an effect like this. Block reward affects production rate, not supply, and the difficulty exists to insulate mining costs from the price. Two facts to remember. As blocks are found bitcoins are added to the pool. At the moment 50 BTC a block 6 times an hour. If all the solved blocks end up being sold on MTGox Exchange thats a big "IF". Then that exchange will need to absorb 7200 BTC a day. At the present market value $6.3 it is just over $45,000 USD a day. Once the reward is 25 BTC then the MTGox Exchange will only need to absorb 3600 BTC a day to keep the same price. IF the market value is the same at that time then it is just over $22,000 USD a day. As more users adopt Bitcoin and use its network. Demand will only increase, compound this fact with less bitcoin entering the market via the traditional means, Bitcoin value against USD will also increase. |
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As much as I like mem and his posts against BFL I can seriously call BS on this.
With reward drop coming $10 is inevitable sometime this year or Jan 2013.
This is all about speculation  It's the trinity of speculating. |
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BTC is not another currency it is a place that you can secure your net worth anonymously. Where else can this be done? Gold? Silver? I think not.
BTC value can spike up or down depending on simple factors, if it's going to be used in conjunction with fiat currencies to purchase goods/services.
What we are trying to do on this Forum is speculate on future events as news about them trickle in.
At the end of the day if someone wanted to secure their net worth in BTC the price fluctuation would just be further compounded by fellow speculators on the expected value of BTC
So just remember when everyone else is selling you should buy. And when everyone else is buying you should sell.
Now its up to each one of us to decide at what market volume is the best time to jump in.
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I also share this sentiment. These volatile price fluctuations do little to instill confidence in those that wish to use Bitcoins as a potential long term option for wealth preservation.
I don't think so, i think the bitcoin community need to expand, and last summer's price-rising helped alot. We need another one to reach the edge of "network effect". If we the community are big enough, the price will be more stable.I agree with the need for more people using bitcoin for their day to day purchasing needs. |
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Casascius, have you just dumped you coins?
I bet you've made a lot of money, so don't scare us with ( Micky dollar + Caculation ).
I think the rising is healthy, and i think it will go on.
I have not bought or sold any significant number of coins in several months, save for the person whose coins I mentioned I bought as a result of my ad. And I suppose in the process of selling Casascius Coins, I am effectively buying coins very slowly, since I am collecting my costs and markup and shipping charges in BTC, but paying for my supplies and shipping costs in USD. I do not have any funds in any exchanges, no USD, no BTC. I paid for my next two months of advertising in Bitcoin Magazine using a USD wire, so as to not smash the BTC piggybank. In fact, I've made my BTC very difficult to access (physically) so selling it is actually quite inconvenient for me. Forced savings strategy I guess. That should tell you how I feel about the long-term prospects of BTC. If I have an ulterior motive, it's to cool off the chances of there being an unwarranted spike and then a crash. I would like the coins I am holding to see an increase in their fundamental market value over time, rather than to see a bubble, a brief spike, followed by a crash that scares off merchants. Stability in the bitcoin price favors growth in the community. I agree rising is healthy, but I would prefer to see a slow rise, rather than a fast rise followed by wild oscillation. Now, if it suddenly rises to $30 and then oscillates between $10 and $20 and stays (and I'll eat my crow), I can't say I'll complain given my average BTC cost is under the current going rate. But what I don't want to see is a spike to $11 and then back down to $5. I also share this sentiment. These volatile price fluctuations do little to instill confidence in those that wish to use Bitcoins as a potential long term option for wealth preservation. |
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this time was at a downtrend from the 7.2 high, i think the situation now is totaly different. nothing to compare here Well its very similar considering the day of the month (payday) and weekday start end (trading trends) However you must factor in the role Bitcoinica's famed market indicator "*" played in that swing. but i digress.. |
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