Anyhow, you can see how no coins rushed to the exchange after the Dwolla news. Fiat rushed out, but BTC did not rush in - which makes sense, if you use Dwolla there's no point in exchanging your un-seizable currency for seizable fiat.

$4M disappeared from the order book after the Dwolla news (one just came back)

There's people that really gets scared easily.

Well, so no other chance for Dwolla users than buying BTC with all their MtGox balance, to then transfer those BTC to their own wallets.

What has no meaning is to exchange BTC for fiat if you use Dwolla, that's for sure.

Made a 4.7% profit

And waiting to buy some at $100ish, and to buy big time sub $100

The Dwolla situation could scare the ass off some overinvested folks with trembling hands, anyhow this can improve a lot or get really worse depending on the next DHS move/explanation.

And from a practical point of view, you just do not convert an unseizable currency to one that will be likely be frozen. I never used Dwolla, but if I did last thing I would want is to get rid of my BTC for good at this moment, I guess people is just speculating that price will drop on these news and they want to buy back cheaper.

I guess the Dwolla situation is the type of FUD that could scare some overinvested folks. "First governamental action against Bitcoin" could be a headline soon (really don't know it, let's see how this unfolds).

EDIT: By the way, didn't the crash started as soon as the first users reported about Dwolla's email?

Well, I'm sure we have a little bit of both.

I can understand that we could use some fear to get cheaper coins... But man, your scare tactics are laughable

Huge drop in the bid sum

"How deep is your love"

Here we go

Man, the market reacted fast to the dwolla news, new guys in the game panic hard

CHEAP COINS FOR ALL

1 and 2: That will change? They may release the source code, but what are they doing with the XRP's they premined?

About debt: when you transfer your $ inside the Ripple system, your are just exchanging IOU's. And nothing stops a Ripple supernode (lol, I couldn't help myself) from issuing more IOU's than he can cover. It's just fake "paper" money again, in its digital form.

Personally I dislike Ripple and I hope it fails hard. I see it as an opportunistic way to profit from Bitcoin's genius idea, while spoiling it from its revolutionary proposals (one of them is mining, and there are many others).

I grant you that maybe I was overly optimistic we I said "neutral mid and long term". In other posts I also acknowledged that Ripple idea is clever, and it has the potential to undermine Bitcoin adoption. But frankly, I believe there will be a lot of people like you and me who will still see Ripples flaws, and will prefer to stay with Bitcoin - or with another superior cryptocurrency, which is not Ripple in any case.

Ripple may be good for BTC in the short term, but neutral mid and long term. It's a just a p2p expression of the old banking system, with all his flaws that Bitcoin was designed to address:

• Ripple is centralized
• Ripple is no store of value - XRP's are controlled (and premined) by OpenCoin
• Ripple is debt based (you are not transferring assets like in BTC, you are transferring debt)
• Ripple implies that you trust a series of gateways, which is totally contrary at the core value of Bitcoin (no need to trust any third party)

You will see that all these points can be summed up in only one word: trust; the very first thing mentioned in the Bitcoin wiki, and the very thing that Bitcoin addresses.

<Sticky: One word per post!>

Once upon a time, there was a Jesus. She walked out unadorned. Then, as bagpipes blared and didgeridoos fell, the star exploded.

Enter the vassals, creating comically obscene gestures with cryptocurrencies. Jesus cried!

Andy B. Casagrande immortalized the scene with photography. Space robots had been shoving corn vicariously into other crevices, hoping that Pneumonoultramicroscopicsilicovolcanoconiosis... perhaps silicosis, or QueerOsis, or trees could accomplish impossible synchronizations.

Fifteen wishes weren't exceptionally productive. She touched herself vigorously with tremendous pillows; creaming out butter flavored LiteCoins. Ironically, Bitcoins never lowered the dust limit so that Luke-Jr would be anally probed by martians invading us to steal our fish for little did we know, Fish is the solution to all our global problems! Seamen relentlessly fapped out the next generation of ASICS which actually works without any electricity at all. Powered by shipwrecks, signals meant that mermaids knew cryptographic encryption algorithms' weaknesses in theory but, in reality, Rpietila gave all.

Thursday passed without BFL taking the biggest shit, which when combined with their largest fanboy, Atlas, every miner stabbed Satoshi irregardless. Meanwhile, trolls eating crow poop, crow testicles, and God's vagina laughed.

Artichokes roasted sweetly over flaming gays, joyfully prepared numerously spiced blockchains sacrificing virgins disregarding matter. Therefore Jesus announced peasantry raping holidays. Upon reflection Jesus quixotically decided retroactively somewhere in Reptilia's bosom to fuck an ant hill and myrkul touched himself feverishly ravishing all pillows! Lophie touched  electrically his

Well, they did not "cash out" then - they just plaid the market to buy cheaper bitcoins, and that's great... If they bought more bitcoins they had when they sold, otherwise their are losing big time.

The ones really f**ked are the ones who "cashed out" for good

Hope you are smart enough to buy back more coins you had when you sold them.

There's a lesson to be learned from those who "cashed out" after the 2011 bubble collapse.

That's our good rpietila

I kinda feel sorry for him, there was a time in which his post had some interesting things in them, but he just went mad

The guy suffers from a textbook delusion of grandeur

Juha Mähönen

VS



Risto Pietilä

FIGHT!

Well, this is better than stable. In the last 7 days we went from $105ish to $119. That's going UP 14% in 7 days.

Cool story, bro