Bitstamp is down...  |
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No sane person is gonna throw some money in now because they know this.
Meet one such insane person.  Just bought a 2-digit amount of bitcoins and removed them from the order book. I wonder, if everyone reading this thread bought something between 0.5 and 1 BTC and moved it out of the exchange, would that give the price a nudge in the upward direction? |
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I am tired of this range. I'll just buy and hold, leaving only a very small portion in fiat in low bids to accomoda6te for an unexpected drop. The feeling I get now is the same I had during the long sideways in june-july-august...
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Do you have a good USB fan you recommend that could be used instead?? ***Important tip***
DO NOT use Swan necked fans directly into USB ports.
The Swan Neck will Destroy the sockets, this applies to any USB socket
Razorfishsl
Basically any fan that does not use the Socket for support, or 'Jerry rig' the arctics with an extension cable. I'm seeing a 'change in the USB power contact resistance' over time with the swan neck fans.(all sockets I have tested) *in English* The vibration from the fan travels down the swan neck and causes the contact between the fan and the USB socket to arc slightly, thereby increasing the resistance and causing 'self heating' of the socket, which in turn causes the contacts to break loose of the integral plastic assembly in the sockets. RF Interesting. Though your reasoning is sound, and should be taken into consideration, I have not noticed any adverse effect of such fans. I have two that are running 24/7 for half a year now in the same two sockets. |
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Breaking that 790-820 range feels impossible now
Not sure if serious. When someone starts airing such sentiments, expect a large market move, the question is, in which direction? I currently have both eventualities covered. The Chinese gamble may still get played out, if not tomorrow, then over the week-end. |
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Received the hub today: really nice piece of equipment. And I can confirm that it's compatible with Raspberry Pi. I posted the first part of my review in the hubs thread here. |
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I received the 19-porter in the post today. It's official thread is here: https://bitcointalk.org/index.php?topic=418087.msg4538611#msg4538611There are also a few packaging pictures there, which I am not going take myself. After unpacking, I noticed that the power cable was of the fused 3-pin variety (see the pics below), used in the UK. Luckily the connector on the hub is a standard PC power socket, and I have a few spare cables, which I could connect to the wall, so there was no problem for me there. The hub has been running for a few hours now with 18 BlockErupters and an Arctic fan. It is controlled by RaspberryPi, which has no problems in accepting this hub. The physical layout of the ports on the top surface is spacious, allowing (as can be seen from the pictures in the official thread) even for the wider BlueFuries. The three side contacts are spaced closer together, but still with ample clearance for BE's and (hopefully) U1's. It has a 20A internal power adapter, which powers all ports with juice to spare. Overclocked U1's may present a problem though, if fractalbc's response above is any guide. The hub might be able to handle 12-13 overclocked U1's. I'll try that once I have them in-hand. I also plan to try mixing U1's, BEs and BlueFuries to achieve the best power and space utilisation.    |
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ok well that was interesting
what i took away from all this is
you should go easy on regulating bitcoin because bitcoin is 100% bit and 100% coin
Nah, because its a technology in its infancy, so don't kill it before it's fully grown. |
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can somebody explain to me what the woman on the right of mr. Lee is talking about? Gold back uped system? Is this a alternativ system beside bitcoin that she is talking about?
USD or any other currency before until about mid 1900, when you could in theory walk into a bank and get physical gold in exchange for your bank notes at the rate, stated on the said bank notes.  |
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Why can't we put somebody like Andreas M. Antonopoulos into that hearing? The comments and opinions of these people are not so well elaborate, as far what I heared.
They answer questions to the point and clearly. I think they are doing a good job at not overwhelming the committee. |
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"It maybe currency...?" It's not currency or commodity, it's money!
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Bitstamp DDoS'ed?
I get a lot of Incapsula messages...
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Bitcoin Foundation should do some damage control. While their at it, kick out Karpeles' fat ass.
Especially, since I noticed one Russia news sites literally stating that "a creator of digital currency Bitcoin got arrested". News channels are on a new "bad news roll" and don't bother with the actual correctness of the information they impart. |
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While everyone is busy talking about Charlie Shrem's arrest, no one seems to notice the REAL reason for the market plunge. That is, 3 hours ago Bitcoin was officially banned in Russia.
From what I can understand of the Google translation they did not quite ban it, but declared it illegal for use as currency (like China did), forbade banks to handle it (like China did, and banks in most other countries prudently refrained on their own), warned citizens of its high investment risk, and finally scared everybody with "you may find yourself involved in nasty crimes if you try to work with it". My translation of a few key lines that I posted in the related thread: It does start a bit rough:
"The Central bank will deem any services concerning exchange of virtual currencies into Rubbles as a potential involvement in handling of suspicious activities in accordance to the law against money laundering of funds acquired by criminal means and finance of terrorist organisations. The following warning was issued by CB towards the Russian legal entities."
Further, a citation from CB:
"Virtual currencies lack in supporting and responsible for them legal bodies. Operations bear a speculative character, are processed on the so-called virtual exchanges and carry with them a high risk of loosing in value."
And a little bit further:
"CB warns citizens and legal entities, first and foremost the credit institutions and non-credit financial institutions from using virtual currencies for exchanging them into goods (work, services) and for monetary mediums as Russian, so foreign."
Too lazy to translate it in whole, but it does resemble the Chinese warning.
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Is BTC-e registered in Russia or elsewhere?
elsewhere Metabank.ru tho was registered in Russia and got closed today. Not permanently (yet), but until they clear up the situation. Better safe than sorry. Additionally, the article mentions concerns that Bitcoin is anonymous. Someone needs to educate the general public that Bitcoin is in effect less anonymous than fiat. You never know where that bank note was before it ended up in your hands, yet most Bitcoin transactions can be traced back and, with sufficient data analysis, grouped to be attributed to persons or organisations. Governments should love them... or not? |
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Yep. I can confirm this translation is more or less accurate. Except it's not "whitewashing of funds", it's "money laundering"
Fixed. Mixed up the term from another language...  |
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It does start a bit rough:
"The Central bank will deem any services concerning exchange of virtual currencies into Rubbles as a potential involvement in handling of suspicious activities in accordance to the law against money laundering of funds acquired by criminal means and finance of terrorist organisations. The following warning was issued by CB towards the Russian legal entities."
Further, a citation from CB:
"Virtual currencies lack in supporting and responsible for them legal bodies. Operations bear a speculative character, are processed on the so-called virtual exchanges and carry with them a high risk of loosing in value."
And a little bit further:
"CB warns citizens and legal entities, first and foremost the credit institutions and non-credit financial institutions from using virtual currencies for exchanging them into goods (work, services) and for monetary mediums as Russian, so foreign."
Too lazy to translate it in whole, but it does resemble the Chinese warning.
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And its snout seems to point up
