I traded my BTC down to 1 satoshi (for AuroraCoin!) so I guess you can't freeze 1/8th of that?  So far I like, and very much so, the transparent way that the Poloniex founder is dealing with this issue. Hoping for more good things from this site. Everyone has growing pains. Learn from them. |
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yesterday I sent 0.001 to ponzi.io and was recorded as transaction #4712.
Go to ponzi.io now and load the page and it says it's on "transaction #4711"
So someone sets up a bogus page that always loads with the same info and everyone who sends in a BTC is a just a sucker.
About right?
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If it's really 700k+ BTC ($350M or so) it'll be interesting to see how many years an investigation goes on for. Every txid is public so eventually someone somewhere will do something stupid, and so it will begin, one of the best episodes of non-fiction real-life drama you've seen yet.
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There is a pretty good chance that this person's post was single-handedly responsible for the 15% increase that just happened (and that began at roughly the same time as this person's post here). A single unsubstantiated comment by some anonymous person on a forum.
Didn't the severe uptrend start hours ago? Yeah, but then it went down again, then came up again, then down, then up and hovered around $220 for some time, and then at about the time of this post it went up again by about 15% no, it's how you juice bitcoinbuilder.com buy - put out a rumor - sell for 20/25% more. It would be a lucrative scam, BB has some good volume. http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC |
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I figure I lost 16.7 XCP at poloniex. It would be nice if it came back or whatever, but I doubt it.
how about my Gox??  |
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I figure I lost 16.7 XCP at poloniex. It would be nice if it came back or whatever, but I doubt it.
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want to create new crypto with only 1 little twist (portion of each block goes to a single address).
Just want to try something out. I bring a unique twist to the table (obviously, I'm not a developer...), I bet you will really like the idea. PM me if interested and we can start a dialog.
Seattle-based if anyone out there is nearby, this could be a lot of fun.
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USD stuck in gox currently worth ~75% over parity: 1) use cash stuck in gox to buy BTC at 241 2) sell goxcoin for BTC @ ~0.7 (or maybe more) at bitcoinbuilder.com. Despite what people are offering here, that exchange memorializes actual meaningful trade data: https://www.bitcoinbuilder.com/trades.php(note: unless people aren't getting BTC-builder withdrawals...) 3) sell coins at coinbase for 605 $100 gox dollars = 0.41 gox coins trade at 0.72 (less 0.02 fee) = 0.29 real coins = sell in coinbase for $173.82 (even factoring in CB's 1% fee and 15 cent checking transfer here) So at the very least, peeps can get USD out of gox this way. Now, if there's a way to currently get USD into gox would actually be very interesting... |
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what does "no more burning" mean. Can I still create an asset?
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Yeah, no hype. True, but we need to market to bring many people on board.
I want create a divisible asset from scratch (burning a small amount of BTC is fine). Can someone help me in PM? I have Windows 7 ATM... |
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Offering 66% BTC for MtGox BTC.
20 BTC worth.
Also can do wire transfer.
PM me.
I spoke at The North American Bitcoin Conference and am known in the community.
San Jose? |
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it's fucking gox who couldn;t get their shit together. They suck immeasurably. I mean 2-3 years as the world's biggest exchange. Come on!
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Unfortunately the price of Bitcoin on Gox is influenced by a lot of other factors like some people thinking $ will be easier to get out in a bankruptcy, people trading the money they can't do anything else with etc.
When you could move BTC and the price on Gox was 15% higher than Coinbase I am sure you would not make the conclusion that BTC on Mt. Gox was 15% safer than on Coinbase because you would get more coins on Coinbase for the same amount...
I would use the following method to price these deals: - MtGox was 15% higher when BTC worked and fiat worked as well as it supposedly does now (there is no evidence that any fiat has been sent out since long time but let's believe there is). Since coins had the same value as in Bitstamp, we must conclude that GoxBux were appraised at 1/1.15 = 0.87. - Now neither works. So we take the discount of GoxBTC relative to BitstampBTC (currently 570/642 = 0.89) and multiply it with the purchasing power of GoxBTC: 0.89*0.87 = 0.77. We can conclude that GoxBTC should have 77% of the value of BitstampBTC. Prior to DDOS, BitstampBTC was = blockchain BTC. If you believe that the DDOS causes BitstampBTC to be in a discount, apply this discount to the equation, which results in a slightly lower value. this is very close to actual price, so the theory does work well, at least in matching the conclusion. |
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it's kind of interesting that the open market price for BTC over the last 2+ days has been VERY volatile, and in the gox/BTC market, individuals in this forum have kept a pretty tight ask of roughly ~0.75 per gox coin. The former has millions of players and the latter has maybe 50 so conventional economic theory is it would be reversed.
Just interesting price theory, I'm not making a statement that I think it is low or high. The market is always right, after all!
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The parity you are trying to use does not work when you are not able to move either $ or BTC out of Gox. If you could move one of those out you could use your logic, like when you could move BTC out you could use the equilibrium to find that Mt gox $ was worth about 85% of real $. However when you can't get either out the ratios does really not say anything anymore.
I was thinking the other way if I had $690 to spend I could go to coinbase and own 1.0 btc or put it in gox and get 1.19 stipulating I don't have the ability to get it out and the price difference IS THE IMPLIED RISK. |
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Your 83.3% price is not correct because:
If you had $580 right now at Gox you could buy 1 BTC, sell it to someone for 0.833BTC and sell it at coinbase for $575, pretty much moving money out of Gox for free.
exactly, this is parity because the original thesis is that the price in Gox (580) is less than CB (690) due to this implied risk. |
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6 gox coins at the ready. Asking 5.
The market seems to have settled down and offered a true market price for gox coins. For me, this means what I could sell for at coinbase with 100% confidence as compared to the gox market price.
Current coinbase bid: 690
current gox 580
so that ratio yields ~5.031 for 6 coins.
I will entertain offers that remain close to this spread, otherwise, it is worth it for me to ride out the gox unknowns.
I recently had a successful exchange with johnscoin. This was the mechanism:
- Bitcointalk PM as the communication mechanism
- he sent over real BTC (fired the first shot across the bow, so to speak).
- After > 0 confirmation I sent a gox coin
- we continued until the exchange was done (6 real BTC), all at his comfort level (0.75 - 1.5 btc per shot)
- any snags, errors, late blockchain show-ups, you'll get requisite gox coins or BTC refund, your call (refund only once gox acct is 0 of course).
- be patient, you will not get screwed, and you can expect the same from me
Happy trading friends!
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Gox is such a huge market with some many players internally it has effectively created it's own private coin: GoxCoin. It currently trades at ~75% of bitcoin. |
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5 shiny wonderful mtgoxBTC  for sale. Make me an offer plz! I can give you BTC3.5 you can actually use TO clarify the mechanism: 1) you have a mtgox account 2) I send my gox coins to your gox account 3) you send me non-gox BTC? I'll wait for a few more offers before deciding. Thanks for the offer! |
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5 shiny wonderful mtgoxBTC for sale. Make me an offer plz! |
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