Just one question: Why would Bitcoin go down with MtGox?
I'm into Bitcoin for more than 1 year and besides opening an account in MtGox I never really used them for anything else... And I bet a lot more people are like me and don't use exchanges.
I don't think it would go down the mtgox. I think it would hurt it. Bitcoin, due to its decentralization, could not be taken down by that. It just might hurt popularity. I think it's exactly the opposite: Bitcoin is being damaged by the existence of MtGox and the centralization on them. I think if MtGox went down Bitcoin would have more to gain than to lose. |
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BitInstant <--- That's what happened. They allowed for people with money to do arbitrage in a simple way, so they keep the market fairly stable.
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Just one question: Why would Bitcoin go down with MtGox?
I'm into Bitcoin for more than 1 year and besides opening an account in MtGox I never really used them for anything else... And I bet a lot more people are like me and don't use exchanges.
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Kinda confusing layout. So if I deposit lets say 1BTC I will get 1.1 BTC back (10%)?
You can earn even more, if you get your own referrals. |
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YES
bad username choice dude... |
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On my laptop oclvanitygen is 100x slower than vanitygen... and yes, the GPU is detected and selected...
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So, why did he locked the threads? And why didn't he explained it like you just did?
He locked the thread because the coordinated time to switch can't be subject to debate if it has any chance of working. (not that it has much chance anyway) No point on debating the schedule, but at least the validity of the request would need to be debated, no? |
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He's talking about moving the decimal to automatically and immediately increase relative BTC value. Right now there is a fledgling economy where real goods and services are bought for bitcoins. Because these are also bought in other currencies like the dollar there can be established an exchange rate between bitcoins and other currencies. Right now that exchange rate, according to Mt.Gox is about 1 BTC per 5 USD. However, there is no hard fast rule about what the exchange quantities should be. This is why the OP talks about "PUTCALL-SPLIT". Puts and calls are terms related to stock options, but the OP really means a "stock-split". Stock holders generally favor these with little reason to be against them because net worth doesn't go down (it often goes up). If I own 500 shares of GOOGLE and the company does a 2 for 1 stock split then I now own 1000 shares of GOOGLE. I don't own any more of the company because the company also doubles the amount of shares it has total. Meanwhile, in the stock market if the price was $500 per share it will likely drop immediately to $250 per share. I've lost no net worth, but the cool thing about stock splits is for strong companies (like Google) the price per share usually returns to its pre-split levels. The concept to take away from this is that subjective value can be changed by adjusting ownership quantities with no ill-effect to owners. Remembering goods and services are now traded for bitcoin: let's say it takes 1 BTC to buy 1 pack of socks, or 10 btc to secure the cheapest thing from Silk Road (I wouldn't know  ). If everyone, at least a good majority, decided to move the decimal 2 places to the left for every BTC transaction they would lose no value, and the sellers of these items would either refuse the change or go out of business, for BTC at least. The move would have to be coordinated where everybody switched at the same time to catch on. If they did sellers would likely lose no value either because the exchange rate between USD and BTC, like stock splits, would slowly return to the pre-shift level. The difference would be that every BTC holder would have 10 times the unit quantity value-wise (100 BTC would be equivalent to 10,000 BTC). The OP suggests 05/11/2012 12:00h Greenwich (UK.time) as the coordinated time to switch. Of course, if the move isn't coordinated it leads to much head scratching and many canceled transactions. So, why did he locked the threads? And why didn't he explained it like you just did? |
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I do it by accepting bitcoins :-)
By accepting Bitcoins ONLY :-) |
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is he asking that the decimal point be moved two zero's?
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one of the other languages says "05 / November / 2012 "
Yes, November 5th. He's editing the posts. One post was deleted... Please MODs, don't delete the posts, just unlock them. Entertainment ensues lol |
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Also in their signature Greenwich time (GMT) is not UK time at the moment it is only in the winter because of BST (British Summer Time)  So 12:00h GMT/UTC is 11:00 BST lets find out in twelve hours I don't think so... 05/11/2012 is November 5th where I live... Only americans write dates like that, and with that lousy english I really doubt he's from the USA... But I really don't know. None of the languages he posted in, 5 so far + the english in his signature are proper, so who the hell knows where he's from and how does he write dates lol Could a Moderator please unlock his threads and let hell fall on his head with people questioning him? lol |
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I can hold the Paypal money for you lol |
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Doesn't look like proper Russian to me. I don't understand it at all.
Doesn't look proper in any language. I couldn't understand the Portuguese post and it's my native language  +1 the spanish one sucks and what's up with the "amen" at the end ? Good question. Religious freaks? The catholic church is going to mess with Bitcoin? lol |
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Theres not a minute that goes by where I'm not under the influence of psychoactives.  I'm sure that will put at ease people who invest in your projects  |
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Doesn't look like proper Russian to me. I don't understand it at all.
Doesn't look proper in any language. I couldn't understand the Portuguese post and it's my native language |
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The fee is actually only 0.0001 BTC  But Gavin & Goons have decided to make set the default fee on their Standard Client to 0.0005 BTC The fee used to be 0.01, like 1 year ago. Where did you took that 0.0001 value from? Never heard of it before. Well SatoshiDice was already sending fees with every TX...
So, now they just need to start sending their transactions from older coins lol |
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If you have any problem with it being associated with your forum account don't post it, otherwise...
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Yeah, it went down a bit and I can tell you why. They send so much spam into the block chain that many transactions don't confirm for days, so people stop playing. Hopefully this madness will stop, or at least they should be paying the fee of 0.0005 for every transaction. Also, on May 8 someone posted some martingale scripts to play at SatoshiDice, so people were experimenting with them for sure For BTC to become popular the network needs to figure out how to deal with "this much spam"... They deal with it already. It's called a fee, in the value of 0.0005 BTC. If there is no fee, there is no guarantee the transaction will confirm, when it's low value and with inputs coming from recent outputs |
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