They didn't disable it, they just moved it. All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com. Supposedly this will help the trading lag since a separate server is now handling data spewing.
I'm astounded that it wasn't separated onto multiple front end servers in the first place. Mtgox has a shitty setup from a technical perspective. They claim some big improvements are coming, but I will be surprised if they are able to keep up with bitcoin growth. In fact, I hope they won't so we can have a more distributed exchange scene. |
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Looks like Mt. Gox finally disabled the v0 API. Went back to look at my logs and they've been 403ing for the past two days or so.
What a shame. I'd like to have participated in this flash crash.
They didn't disable it, they just moved it. All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com. Supposedly this will help the trading lag since a separate server is now handling data spewing. |
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My main point was that the kind of "semi live" conversation that takes place here would be better to have on IRC. Especially during heavy action on the market.
IRC is awful. Than make something better, because it seems to work pretty well for it's hundreds of millions of users. |
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Switching exchanges is the correct solution. |
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+1
Where were you a month ago when I felt Bitcoin had peaked at $22 and I sold some to buy gold coins and invest in old world products.
I put equal amounts in a Education Savings Plan, Gold coins and Bitcoin paper wallets, for my kids, thinking gold would outperform Bitcoin and it wasn't a fair comparison because Bitcoin was about to crash. So a month has passed and Bitcoin is up over 300% so much for a Bitcoin correction?
I have always felt gold is old school, I changed my view when a friends' friend approaching retirement, has outperformed all competing investments, and all he did agenised everyone's advice was put his savings into Kruger Rands every month.
Needless to say I've changed my mind again. And it seems Bitcoins' the new gold.
Great for him. However, he just got lucky on timing. |
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I'm a believer of the Bitcoin,
but this chart shows something interesting, the bitcoin/dollar has grown by 3 times while the awareness of the coin risen only by 1 time.
although both of the graph don't have linear relationship, I'm afraid the price is a bit too high.
On the other hand I don't really care as I see my self as a long timer and not trying to make money out of speculations
Can you think of ANY reason why there may have been an unnatural amount of demand for BTC in the last month? Coinbase, coinlab, reddit, namecheap, etc. Ignore the world crisis because not enough people know about BTC. No, I will not ignore that because it has influenced my trading decisions. What about gold dropping? seems like btc and gold interest a similar group of people. what about the gold rush machines that you need BTC to buy?
What about it? Gold bubbled in response to the 2008 crisis. It is merely retracing a bit. I don't understand what your last question means. |
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There are 40k times as many ounces of silver above ground now as there will ever be bitcoins.
Nah, as for the facts, there is quite exactly 1000 ounces of silver above ground per 1 bitcoin, of which about 10% is identified. Most of the supply is hidden and not tradable, as with bitcoin. As you say yourself, much of the supply is hidden. My source says 840 billion ounces, yours apparently says 21 billion ounces. Either way, there is dramatically more silver than bitcoin, plus way more uncertainty regarding the actual amount of silver already mined. With bitcoin, we can calculate an exact number at any point. I did some research a while back and came up with 25 billion oz silver existing above-ground (not just investment silver). How do you come up with 840 billion ounces? Does that somehow include "minable silver" or something? I honestly don't remember, which is why I didn't include a link above. I read it somewhere and now I can't find it. Thanks for providing support for rpietilas figure. It is probably more accurate, although my points remain valid even with only 1000 times as many silver ounces as bitcoins. |
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There are 40k times as many ounces of silver above ground now as there will ever be bitcoins.
Nah, as for the facts, there is quite exactly 1000 ounces of silver above ground per 1 bitcoin, of which about 10% is identified. Most of the supply is hidden and not tradable, as with bitcoin. As you say yourself, much of the supply is hidden. My source says 840 billion ounces, yours apparently says 21 billion ounces. Either way, there is dramatically more silver than bitcoin, plus way more uncertainty regarding the actual amount of silver already mined. With bitcoin, we can calculate an exact number at any point. |
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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +1076%
Gold: -5%
GPL: -33% silverbox long
Diff: +1081% advantage Bitcoin and growing
that math right? should we not be over 1111? If you are looking at GPL as baseline, yes. If you are using gold spot price, he is correct. |
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I thought the main industrial use for silver was film photography which I'm pretty sure is a dying field.
The main industrial use is for electrical conductors. Billions of Ipads, Flat screen TVs and Cell-phones contain significant amount of silver. Solar PV panles are a massive silver sink and a rapidly emerging market. The large majority of this silver is considered irrecoverable (not the case with film). Additionally, the price for that silver is realtively inelastic. That is, if silver triples in price then a single Ipad may only nudge up $5-$10 but multiplied over the whole of the production it is significant yet people will happily pay it. the argument for industrial silver pushing the price up is valid. This is how you share actual information. Thank you. Sorry, your highness. The conversation I started wasn't titled "The Industrial Uses of Silver". I merely said what I said to make a point that silver is used in industry, as gold is, but to a greater extent. The conversation from the beginning was about the value of silver. That's exactly why I started it in the "Speculation" area. Go pick a fight with someone else. Sorry you're butthurt. I guess I won't thank people for sharing information anymore because it might make you sad since you only have marketing speak to fall back on.  |
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I thought the main industrial use for silver was film photography which I'm pretty sure is a dying field.
The main industrial use is for electrical conductors. Billions of Ipads, Flat screen TVs and Cell-phones contain significant amount of silver. Solar PV panles are a massive silver sink and a rapidly emerging market. The large majority of this silver is considered irrecoverable (not the case with film). Additionally, the price for that silver is realtively inelastic. That is, if silver triples in price then a single Ipad may only nudge up $5-$10 but multiplied over the whole of the production it is significant yet people will happily pay it. the argument for industrial silver pushing the price up is valid. This is how you share actual information. Thank you. |
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What? I can't say that "silver is used in industry"?
And "marketing terms"? I'm not trying to sell anything here lol.
Failed trolling attempt.
Pants are used in industry. Wood is used in industry. Lamps are used in industry. Air is used in industry. Sure you can say it. But it is meaningless marketing speak that can be said about nearly anything. If you want to talk about the changes in demand from a particular industry I might pay you some mind. |
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The poll has spoken!!
Let's hope the Bernankester's not reading this thread, or he might crash the Dollar (just in time for April Fools  ) just to prove 23 smug Bitcoiners wrong Crashing the dollar would prove them right. |
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Good point, although 40k unrelated chains would be wasteful when merged mining could secure them all with many fewer resources. But yes, bitcoin won't be the only use of this technology.
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Hopefully the recent BTC rally will earn Bitfloor enough volume to release some more of the held BTC..especially in today's market.
I spoke with Roman the other week and he pointed out that this actually has ups and downs. The rally has helped volume on bitfloor, but it's also raised the dollar cost of buying coin, which is exactly what bitfloor has to do each time he makes a payment. (fees are earned in dollars) Fuck. We'll never see them all if he holds fees in dollars and then converts when he pays out. Everyone seems to be talking like bitcoins will never go down again. Sounds a bit like folks were talking about houses a few years back.. :-P I guess on the bright side it's sorta like a hedge; if the price of bitcoins goes down, you get more of your bitfloor coins faster  . I would be willing to bet all my bitfloor coins that they will never again be as cheap as they were at the time of the hack. I can't really complain about him playing it safe though. I just don't think he'll ever be able to pay it all off unless he hedges at least some of it on the bitcoin side. Yes, price can go down, but we are still very early in the price discovery phase. |
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I'm aware. I was just pointing out your use of marketing terms. In my mind, such terms have no place in investment decision making. |
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"In industry"
What industries? Your post reads like a standard gold or silver ad. No details, just buy now before it is too late.
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Unlike bitcoin, it is easy to naked short sell metals. Demanding delivery for every international trade is only feasible with cryptocurrency. As for not demanding delivery, look what happened when France asked Nixon for their gold in 1971. Oops, dollars are no longer convertible.
Until the banking system is flushed of the actors selling what they don't have, metals won't make significant new highs.
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There are 40k times as many ounces of silver above ground now as there will ever be bitcoins. BTC is much easier to move up and harder to naked short sell since delivery is so easy to demand.
Silver has no chance.
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Hopefully the recent BTC rally will earn Bitfloor enough volume to release some more of the held BTC..especially in today's market.
I spoke with Roman the other week and he pointed out that this actually has ups and downs. The rally has helped volume on bitfloor, but it's also raised the dollar cost of buying coin, which is exactly what bitfloor has to do each time he makes a payment. (fees are earned in dollars) Fuck. We'll never see them all if he holds fees in dollars and then converts when he pays out. |
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