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5481  Economy / Trading Discussion / Re: I'm terrified, I lost all my savings in mtgox. on: June 15, 2012, 05:38:42 PM
Good luck... I am still missing $10,000 and it's coming up on a month now.  There's very strong evidence that MTGox does not have much in the way of USD and those with large withdrawals deposits are actually funding the smaller withdrawals.. the large withdrawers are going to end up shafted.



FTFY
that sounds pretty ponzi-like..

If true, yes.  However nobody has any real evidence, it's all just hearsay.
5482  Economy / Speculation / Re: +200k USD on mtgox on: June 15, 2012, 05:34:38 PM
darn it!  i still can't get mtgoxlive nor btccharts to work. Angry

btccharts is mostly working here... I have to refresh every half hour or so though
mtgoxlive won't load
5483  Economy / Economics / Re: What really sets bitcoin apart? on: June 15, 2012, 05:16:10 PM
There are tens of thousands of stakeholders in bitcoin.

Actually, the way I explained bitcoin to a couple of VCs about two years ago is that each bitcoin is like a share of bitcoin stock and Bitcoin has the opportunity to have a market cap larger than Facebook's. So not only does Bitcoin have thousands of stakeholders but also hundreds of thousands of 'shareholders'. Imagine if you could of had stock in Wordpress or Linux, Wikipedia, etc.

Truly fascinating.

I like the analogy, but I'd alter it slightly.  One satoshi is like a share of bitcoin.  1 bitcoin is divisible and shares are not.

For those who don't know, a satoshi is 0.00000001 BTC and is the smallest amount bitcoin can track at the moment.  However, if a satoshi ever becomes too valuable we can do a "stock split" and extend the number of decimals.
5484  Economy / Speculation / Re: Making my weekly purchase of bitcoins. Should I hold off a while? on: June 15, 2012, 05:05:46 PM
I hope you bought.
5485  Economy / Speculation / Re: [Daily Speculation Poll] :: Golden Opportunities slipping away? on: June 15, 2012, 05:02:40 PM
Quote
2SHA256 getting cracked open while Bitcoin is still using it as the hash function.

I don't much (anything) about whats "under the hood" of bitcoin, so how hard would it be to change the hash function should that come up?

Hard, but doable.  Technically it's not that hard, but gaining consensus on what to move to and ensuring a smooth transition may prove to be a challenge.
5486  Economy / Speculation / Re: Price just broke through weekly Bollinger Band on: June 15, 2012, 04:59:22 PM
In other words:... someone uncoupled the Heisenberg Compensators, which means the price will go up, unless it comes down.   Grin

Exactly.

Heisenberg Compensators just couldn't hold the 4.9-5.1 range anymore.  We're uncoupled until we start to form a new triangle.  Bet on volatility.
5487  Economy / Speculation / Re: Rally!!!!! on: June 15, 2012, 04:48:47 PM
Wait, I have a wage recollection of seeing somewhere the age of these orders.. is there such a site offering this stat?

btccharts.com shows it when you hover over the walls.
5488  Economy / Speculation / Re: Rally!!!!! on: June 15, 2012, 04:45:23 PM
Look at http://bitcoincharts.com/markets/mtgoxUSD_depth.html there's only any real depth between $6.88 and $7.

Which is exactly why it won't move up too much.  Buyers want volume close to their buy in price.  Slippage the enemy of the small cap investor.
5489  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: June 15, 2012, 04:44:03 PM
It's starting to feel like spring 2011 around here again.

yes, it's time to strip that Bear off your avatar. Wink

Agreed. That bear dances way too long now.  Tongue

Before long, here's how I imagine your avatar... I wish I had the artistic skills to make it


Dancing like now... red dot appears and centers on bears head... bear's head blown away... man looks around, smiles, takes all the bitcoins out of the bears pockets and walks away calmly.
5490  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 15, 2012, 04:37:45 PM
Grin

The range has been narrowing, and in a curved pattern far more likely to form a cup than a drop-off. Volume is staring you in the face as well. Thanks for giving us your money! Smiley



Way to ignore the "outliers" that happen to be high volume on downdrafts.  Roll Eyes
5491  Economy / Trading Discussion / Re: I'm terrified, I lost all my savings in mtgox. on: June 15, 2012, 05:45:13 AM
June 1 made a withdraw (international wire transfer) amount to nearly $ 9000.
So far, not received this amount at all, nor any response from mtgox on my query.

I am a teacher, I invested all my legal savings + a small% mined BTC on mtgox exchange.
Why I have no information when I get my last transfer?
Is it so hard to at least answer the simple question?

I do not know what to do. Mtgox not respond to my letters.

Panda Mouse.

Didn't anyone ever teach you not to place all your eggs in one basket??

even my measly $340 can't be paid by mtgox, so i think your fucked.

They got a cheap 8.5 grams of cocaine with that money, you aren't getting it back.

Ignore these idiots.  C'mon guys, there's no need to keep him from sleeping at night.

Dwolla is a PITA and has screwed over MtGox again.  You'll get your funds eventually, but they are really backed up.
5492  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 15, 2012, 04:21:15 AM
http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.

Seems like a lot of hassle to hold $100.83 worth of metal, unless you get more than $100 worth of nickles for $100.

Not to mention if you wanted to melt them down it be more expensive than the gain no matter what form of energy you use.  I suppose if you have enough land you could chop down a few trees, but you're still looking at significant labor.

Its been as high as 8-9 cents melt value per nickel..  Its gonna rise.. I don't ever plan on melting them.  How much is the melt value of a crisp 100 dollar FRN Wink.

In 1964 they thought silver dimes were only worth a dime, today they sell for 21x face Wink.  

I love to take down trees and buck em up,  hauling them around once you've done that part isn't so fun thu.. But I love to run my chainsaws Wink

Gas is pricey, try an axe Tongue.
5493  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 15, 2012, 03:28:59 AM
http://www.coinflation.com/

been harvesting nickels and pre 82 pennies for years here

I love coinflation Wink.  I sorted a bunch of pre 82 pennies by hand a few years back, but it gets old pretty fast, lol.  Its so much easier to just buy $100 boxes of nickels, lol.

Seems like a lot of hassle to hold $100.83 worth of metal, unless you get more than $100 worth of nickles for $100.

Not to mention if you wanted to melt them down it be more expensive than the gain no matter what form of energy you use.  I suppose if you have enough land you could chop down a few trees, but you're still looking at significant labor.
5494  Economy / Service Discussion / Re: BitFloor.com Rocks! on: June 15, 2012, 03:25:59 AM
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits

I've no idea how they are accommodating the risk ACH reversals with those.

ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.

As always, cash is the preferred and fastest method for those able to do so.

Right... it's hard to convince your bank to reverse it when you initiated it yourself.
What if your account gets hacked?

Then they have record that you logged in from an unusual IP, and record of the security questions they prompted the attacker with, and whether or not they had to try multiple times.

Sure, it's not impossible, but there is a lot more information to make a decision on than if dwolla pulls from your account.  In that case, they pretty much have to side with the customer.
5495  Economy / Service Discussion / Re: BitFloor.com Rocks! on: June 15, 2012, 03:12:41 AM
great ways for US residents to deposit and withdraw USD, namely ING Direct Bank's P2P service and PopMoney for deposits

I've no idea how they are accommodating the risk ACH reversals with those.

ING P2P and Popmoney are a different type of ACH service (not the same as Dwolla). These is still a chance of chargeback, but much less from fraudulent activity claimed on the account since they are not third party services which transfer on your behalf.

As always, cash is the preferred and fastest method for those able to do so.

Right... it's hard to convince your bank to reverse it when you initiated it yourself.
5496  Bitcoin / Bitcoin Technical Support / Re: Looking for a Free shipping calaculator that queries Fedex, USPS, UPS on: June 15, 2012, 02:52:51 AM
I have some perl code somewhere that does this I could probably dig up if you are interested.  I don't remember, but you probably need to register with FedEx and UPS to get API keys.

if you dig it up put it up on gist, I wouldn't mind looking at it.

https://gist.github.com/2934445
5497  Bitcoin / Bitcoin Discussion / Re: iPhone wallet, get it now, tomorrow might be too late on: June 15, 2012, 02:35:22 AM
Why would apple ban it?

Because they've banned every other bitcoin wallet people have tried to put up.
5498  Bitcoin / Bitcoin Technical Support / Re: Looking for a Free shipping calaculator that queries Fedex, USPS, UPS on: June 15, 2012, 02:31:59 AM
I have some perl code somewhere that does this I could probably dig up if you are interested.  I don't remember, but you probably need to register with FedEx and UPS to get API keys.
5499  Bitcoin / Bitcoin Discussion / Re: iPhone wallet, get it now, tomorrow might be too late on: June 15, 2012, 02:28:57 AM
Click wallet, click share, app crashes,  Sad
Repeat X3  Angry
Repeat once more  Cry
5500  Bitcoin / Bitcoin Discussion / Re: Is there a way to get multiple deposit addresses for MtGox or other exchanges on: June 15, 2012, 02:23:36 AM
Wasn't API v0 phased out? I thought the current API version was 1, but maybe you could run that command and see what happens.

API v0 is still supported, but the old method of authenticating was phased out.

I didn't see an equivalent method in v1, but I didn't look to hard.  My trading bot still uses v0 just fine (although he's off now since he just trades the spread, and I want to see where this is going).
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