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This is much more sensible ... thank you!
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Holy sh-- I really wonder why Mt.Gox is the only major exchange with returns like this ... if they decide to sell that off we better brace ourselves for an impact, insider info folks will have serious advantage there if they tell anyone  That's some serious Bitcoin stash. |
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I really dislike the name "Namecoin" ... BitDNS was much better, I'm wondering why they chose one over the other, but well ... yeah, I do not plan to invest in Namecoin really but it may be because of the name only  so others who are more courageous to experiment, let us know how it goes if you do invest in it  |
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Seems to be moving again.
Seems so, finally! Anyway ... it's probably best to diversify and hedge your bets by having money on multiple exchanges, we need MOAR exchanges, c'mon codemonkeys, I know you're there |
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yea... I sent 200 btc to mtgox about 3 hours ago... I'm getting concerned.
That's quiet a volume at this price ... best of luck to you that it isn't lost, I haven't tried to withdraw my btc from Gox and probably won't unless somebody here can confirm that it works ... this weekend is cursed for sure  |
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waaat? This gets curiouser and curiouser ... maybe somebody is trying to corner the market?  Don't sell hold on to your Bitcoin as if your life depended on it folks FTW  |
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How do I get to the IRC channel where the situation is being discussed? It lasts for quite a long time already, I would like to know what is the problem exactly ... or do we switch to TradeHill now?  |
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Has anybody tried to withdraw bitcoins from Mt.Gox? Does that work or is it stuck too? thanks ...
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Yeah, it's stuck on $20.15/BTC for hours now, it's pretty frustrating ... I'm not aware of any official statement so far, it's probably deep night there so it may take a while  |
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I do not think it's going anywhere right now ... Mt.Gox still stuck at 20.15, arrgh |
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Perhaps such statements could promote more market stability? Market stability would ease new adopters. New adopters help BTC grow.
I fail to see how it could facilitate market stability, it may satisfy your curiosity but I do not think it is relevant from the point of view of adoption or any kind of stability (there are other guys doing some crazy stuff there already anyway) |
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Its weird..so far im missing 2 btc to mt gox and 1 btc from deepbit.
I would check blockchain for the associated addresses whether it got out and integrated into the main chain ... I do not have the link handy right now but I'm sure you can find it, or maybe someone can post it here |
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Early adopters obviously have mucho BTC. But I would be interested to hear how much the developers have and what their plans are. Have any of the developers discussed this?
unfortunately (or luckily perhaps) there is no way to tell unless they confess that to you ... all that pseudo-anonymous stuff which is making Bitcoin great getting in the way |
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A market would just start that is open 27/7
OMG! I want such a market ... I would have 3 more hours than everybody else!! |
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highly unlikely for 1 generator, but i could imagine a scenario where only 20 people are responsible for 95% of the difficulty. that seems like a shaky foundation.
Well, I wouldn't mind. Those people would just have a fair reward for their contribution to bitcoin security. It would be fine with me. That would also mean that 20 people own 95% of all bitcoins ... I do not think that would be so fine ... and what's worse it may be actually happening - the deciding factor then is, what are those 20 people going to do with their bitcoins. |
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Yeah, that's like complaining about dollars because you can't easily print some more whenever you want
Maybe it was a strategic mistake to advertise that property of the bitcoin system to newcomers as a way to obtain bitcoins, the truth is that the majority will not generate bitcoins nor is it desirable that they would. It's supposed to be a medium of exchange, not a mining game ...
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I'm not much of a money expert, but this guy seems like he has no idea what he's talking about. We talked alot about hoarding and why it isn't that bad for our bitcoin economy, as long as businesses see bitcoin as a (widely accepted) currency and not as a commodity. Yeah, the guy is clueless ... money as a medium of exchange exists exactly for the purpose of being exchanged for goods and services, that's its purpose, duh. If you hoard it that means you can not buy anything for it ... so tumblr can feel free to live in a cave with 1,000,000 bitcoins being happy that he has cool numbers on his account rather than real things like house, car, computer, food etc. If you do not plan to buy anything for it, what's the point of having it? It is clearly an oxymoron. So if you hoard it and never spend it, nobody cares ... if you do spend it, cool more liquidity into the market ... where is the danger again? tumblr is a blogging platform. haha ... I remembered someone posting here with some similar nick (if I'm not mistaken) so I thought it's his private blog, anyway ... he is still clueless whoever he is |
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I thought you need to create a new wallet if you do anything to it (like add money) because the old one them becomes invalid... ? I know people have lost bitcoins even though they had an only slightly older copy of their wallet.
No, that happens only when you send money AFAIK When money is sent to your account the sent balance is simply written into the block chain with the address associated with your public/private key (which is in the safe), so you can see that money was sent to you (as does anyone else who knows your address) but you can not manipulate it without your private key. |
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I'm not much of a money expert, but this guy seems like he has no idea what he's talking about. We talked alot about hoarding and why it isn't that bad for our bitcoin economy, as long as businesses see bitcoin as a (widely accepted) currency and not as a commodity. Yeah, the guy is clueless ... money as a medium of exchange exists exactly for the purpose of being exchanged for goods and services, that's its purpose, duh. If you hoard it that means you can not buy anything for it ... so tumblr can feel free to live in a cave with 1,000,000 bitcoins being happy that he has cool numbers on his account rather than real things like house, car, computer, food etc. If you do not plan to buy anything for it, what's the point of having it? It is clearly an oxymoron. So if you hoard it and never spend it, nobody cares ... if you do spend it, cool more liquidity into the market ... where is the danger again? |
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The best thing is that you can still receive bitcoins on the "bond" you have in your safe without having any other copy of it So you have nice safe "saving account" locked up you can still send money to, what a wonderful thing  You can also check its balance, the only thing you can not do without opening the safe is withdraw money from it ... |
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