Looks to me like a triangle forming with $124 as the close.  Time of convergence? |
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Strange how it's taken this long to discover Mt.Gox wasn't doing things by the books (according to local laws), as I am fully aware they operate out of Japan, However they do apparently have a US company, with connected US accounts.
Which also the US operations were suppose to been taken over by another company by now, which didn't happen, so they in trouble with that as well.
Their stack of cards seems to be falling apart. Ouch.
There has been a decent number of other exchanges doing the same things shutting every year, obviously not lasting very long, yet they only looked at one of the biggest out there now? Talk about odd. How expensive are the US money service licences anyway, surely Mt.Gox could of afforded them, as one of the largest exchanges out there, right?
It isn't about "affording" anything. Its about the regulations that are imposed and the requirements one must meet to get a license which essentially prevent many businesses from operating. |
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ask: 114.82001
bid: 114.82000
Nice spread you got there. |
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How does Gox need a US license to transfer money when they are in Japan.
How does anybody need a license to transfer money period. At this point you basically can't do business without transferring money.
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let us just hope btc never forks or breaks again! I'm not sure what you're trying to get at. Its not like Ltc somehow can never fork either. Second Best -> Worthless. And the hits just keep on coming. In the warrant, a special agent with Homeland Security Investigations (HSI), states that there's probable cause to believe Mt. Gox is engaging in "money transmitting" without a license, a crime punishable by a fine or up to five years in prison. The warrant goes on to demand that Dwolla hand over the keys to account number 812-649-1010, which is owned by Mt. Gox subsidiary Mutum Sigillum LLC. And this is the real killer: Homeland Security used a confidential informant, based in Maryland, to conduct the investigation. The informant simply created accounts with Dwolla and Mt. Gox, bought bitcoins, and then changed them back into dollars. Tracing that money, HSI was able to see that the money passed through a Wells Fargo account, number 7657841313, which was created by a single authorized singer: Mark Karpeles, the president and CEO of Mt. Gox. The account shows transfers to Dwolla going back to at least December 2011, according to the warrant. See ya at the bottom! http://arstechnica.com/tech-policy/2013/05/feds-reveal-the-search-warrant-that-seized-mt-gox-account/ What is this I don't even... |
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So I'm wondering where the 2K went. Any news?
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If/when the USG tries to shut down BTC related .coms... Just .onion/.bit?
*buys namecoins  namecoins are the only remotely viable altcoin. I have 10. |
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If/when the USG tries to shut down BTC related .coms... Just .onion/.bit?
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This chart is the definition of trolling (the lower one). |
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Could somebody quickly explain to me why it is bad that XRP are marketed as "stamps" or "credit." They aren't marketed as "money", that doesn't mean that they want them to be money... that might mean they just want them to be "stamps" or "credit."
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Thanks for bumping this. Yes the offer is still open.
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I don't see how ripples can be considered a bad thing. If people start moving USD -> Ripples, thats just 1 step closer to Bitcoin. USD -> Bitcoin is a huge pain. Anything that, even unintentionally, can make buying bitcoins easier will be a huge boon.
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I'm not guaranteeing anything, but falling below $100 for any nontrivial period of time would be bloody weird and I believe it won't happen unless something much, much more substantial happened (like Gox actually being shut down permanently).
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Isn't there any American citizen, lawyer, judge, or public employee or whatever with access to law requirement databases or similar that can provide some info on the reasons of MtGox seizure?
That should be documented somewhere?
on a second thought.. if someone has that info he would probably use it in his own benefit to buy or sell on a good price.
The law in america is some kind of joke. Essentially you can just randomly sue people and keep them locked up in court for eternity as long as the government likes you (i.e, keeps on accepting your appeals). |
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Of course its repayable, they just borrow some more from themselves and spend it and force people to deposit it back to themselves so they can borrow it again. They can't repay ALL of it at the same time (well, even then they could, by printing more) but they can repay the part that they must.
Also what is this nonsense of debt being wiped. If it was, there would first be massive deflation as everybody realized they don't have the money that they thought they had, then they'd all try to withdraw at the same time on the offchance they might lose more, then there'd be massive INFLATION as everybody realized that they are being paid in paper that just got printed causing a huge increase in money supply, and yea that'd be bad.
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It looks like were safely into "then they fight you" territory right now.
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Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?
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I've seen this too. This is like, the legit wedge. All the others are just wanabes. FWIW | date | red line | green line | | 5/8/2013 | 116.97 | 92.79 | | 5/9/2013 | 113.63 | 94.93 | | 5/10/2013 | 110.38 | 97.13 | | 5/11/2013 | 107.22 | 99.38 | | 5/12/2013 | 104.16 | 101.69 | | 5/13/2013 | 101.18 | 104.04 |
So the intersection happens just as bank wires arrive at Gox for next Monday? Seems legit. |
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I've seen this too. This is like, the legit wedge. All the others are just wanabes. |
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