Meanwhile, network hash rate accelerates upward  Someone must have fallen and hit their head. I can't believe that many are still making money mining. I think that well-positioned miners are still making very good money selling at this rate. Casual miners in the west -- not so much. But established miners with good access to new generation chips and cheap electricity (in China, etc), I believe can still be profitable. I remember seeing numbers thrown around, but cannot recall them now, though. Yes, but a hundred dollar drop from a month ago when it was already tight. And now they are increasing hashrate? If the price doesn't bounce back hashrate will have to flatten again, if not fall. Not all of the network is in China, yet. |
|
|
|
Meanwhile, network hash rate accelerates upward Someone must have fallen and hit their head. I can't believe that many are still making money mining. |
|
|
|
I would say that these thefts will happen again. What we need are ATMs that are hack proof like Trezors. Bitcoin needs to focus on being an impenetrable iron vault that fits in your pocket. Only licensed brokers should be allowed to trade bitcoins on the markets although you are free to use the ATMs as a convenience.
That sort of goes against everything Bitcoin is supposed to be. But if some exchanges start adopting a clear cut standard that can be checked by third parties, people can use those if they want the added security. Exchanges have little to do with trade. Fiat exchanges are robbed every day (fraud, HFT, more fraud), but we don't hear about it because they just print more money. Bitcoin doesn't need 24/7 exchanges, do you? Bitcoin needs to be known as indestructible. You can't do that with networked servers. Bitcoin is a global decentralized virtual currency, how are you going to enforce such restrictions? The one country that doesn't wanna, will be the hub for Bitcoin exchanges of all creeds. There will be massive, gaping loopholes. And as we see, there are plenty of people ready to take advantage of any weakness; to the detriment of the regular user. Most of the things we turn to regulation for in other systems can only be achieved with critical mass in Bitcoin. |
|
|
|
I would say that these thefts will happen again. What we need are ATMs that are hack proof like Trezors. Bitcoin needs to focus on being an impenetrable iron vault that fits in your pocket. Only licensed brokers should be allowed to trade bitcoins on the markets although you are free to use the ATMs as a convenience.
That sort of goes against everything Bitcoin is supposed to be. But if some exchanges start adopting a clear cut standard that can be checked by third parties, people can use those if they want the added security. |
|
|
|
i laugh to the face people who bought for +1000$  Well, you're clearly an asshole then. |
|
|
|
Need to say... I'm impresed there was no panic on other exchanges (yet)  If this means Bitstamp customers can't dump their coins then the market can get some time to stabilize before stamp is back. It might even rise. Unless the FUDsters get ahead with their message of course. |
|
|
|
Is this true ?
"ITSTAMP SERVICE TEMPORARILY SUSPENDED We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015. As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than....."
I saw it on their webpage so if it's not true then they are REALLY in a heap of shit. If this is a hack of 18k BTC, bitstamp is in a huge trouble.... I suggest those in bitstamp to spend their BTC and get out of there ASAP. Also, this can be an insider hack, like sending those customer's coins to an address and announce it as hacked and say sorry!!! In today's world, this is very possible.... Let's not get ahead of ourselves. Gox smelled fishy for almost a year before they burst. It would take people months to get fiat out of the exchange and they kept blaming regulatory obstacles that none of the other exchanges had heard of. This with Bitstamp looks like a precautionary measure to ensure that there will be no more Goxing. |
|
|
|
Is this true ?
"ITSTAMP SERVICE TEMPORARILY SUSPENDED We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015. As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than....."
I saw it on their webpage so if it's not true then they are REALLY in a heap of shit. |
|
|
|
I suffered a pretty bad cold the last 2-3 days.
Not sure if bitcoin price follows my health or the other way around.
I'm feeling a bit better today. Looking forward to tomorrow.
Did you have HIV for the whole of 2014? Whatever happens, make sure you don't get Ebola.  Well, you saw what happened. The second someone from a western country had got it, it turned out that they had vaccines and cures up the wazoo. So, make sure you're not black in Africa when you get Ebola. Otherwise you'll be fine. |
|
|
|
I suffered a pretty bad cold the last 2-3 days.
Not sure if bitcoin price follows my health or the other way around.
I'm feeling a bit better today. Looking forward to tomorrow.
Good enough for me. TO DA MOON!!! Some TA expert claimed the moon affected bitcoin traders and the price, which I thought was bullshit. I noticed it was a full moon last night. Bitcoin crashed to a new low and Bitstamp got hacked! It's just a coincidence, right? Superstition is very real. Especially now that chinese traders are such a big part of the Bitcoin economy. It is not that individual traders are superstitious, nor really that everyone thinks that everyone else is superstitious. But a lot of traders, especially in China, believes that other traders believes that most of the other traders are superstitious. It turns into a self-fulfilling prophecy. So keeping up with superstitions can pay off sometimes. |
|
|
|
I suffered a pretty bad cold the last 2-3 days.
Not sure if bitcoin price follows my health or the other way around.
I'm feeling a bit better today. Looking forward to tomorrow.
Good enough for me. TO DA MOON!!! |
|
|
|
prepare you for the incoming monster pump!!!!!!!!!!!!!!!  Melchett: 'If nothing else works, a total pig-headed unwillingness to look facts in the face will see us through.' |
|
|
|
bought back at 270 i think it is time da mooon kenji you so crazy And he had done so well |
|
|
|
Monday morning cheap china coins incoming
Or Bitcoin-hungry chinese people |
|
|
|
So, do you feel good about selling at $278? why not? Sorry, [sarcasm=off] There you go. So, do you feel good about selling at $278? a chinabearwhale is bound to come out soon And if it's a bullwhale you can just buy in again. No harm done. |
|
|
|
Will Monday be bullish ?
My 8-ball says this:  I only have two balls, and they have retracted into my body these last hours so I can't give you a confirmation on that one. |
|
|
|
So, do you feel good about selling at $278? why not? Sorry, [sarcasm=off] There you go. So, do you feel good about selling at $278? |
|
|
|
So, do you feel good about selling at $278? |
|
|
|
|
Show Posts
