you guys really should learn how bitcoin works, check the blockchain NO NEW BLOCKS YET - it happens.

90 minutes here without single confirmation.

I understood the Gox problems and the resulting Gox coin premium, however, can someone please explain to me why Bitstamp is 8% higher than the competition??

Thanks

Trying to introduce a cryptocoin  into a country where all cryptos are banned.

Wall just came back.

Well yeah, I noticed that.

But fuck me, it came on 3rd place on coinmarketcap. Out of the blue. 450M marketcap. I'd like to see that shit drop hard, fucking idiots.

What the fuck is this Auroracoin?

bears in denial are funny

Its official, chinese are panic buying! one or two bots run by the same pooled funds are panic buying!

Always on a monday at this time. Chinise are in full force.

In the wake of Bitcoin exchange Mt. Gox announcing that it lost $473 million worth of the virtual currency, many people who saw their money disappear have called for CEO Mark Karpeles to be imprisoned. Well, funny thing: it wouldn't necessarily be the first time Karpeles has been arrested for fraud.

As pointed out to Gawker by a tipster who wishes to remain anonymous, Karpeles seems to discuss a past arrest concerning "payment systems on the internet" in a 2006 post on his blog Magical Tux. The post, like all on the blog Karpeles links to in his Twitter bio, is in French, but the tipster translated the relevant section on his personal Tumblr:


A Google translate for the blog post returns the same story, albeit in less smooth English.

According to Karpeles' blog post, the fallout from this "huge, huge mistake" is why he eventually migrated to Japan, where he now lives. There is almost no evidence of Karpeles' possible past arrest on the internet, perhaps because, as the blog post claims, his sentence would have been wiped from records somewhere around two years ago.

But a recent story in the French paper Le Journal de Sâone et Loire, that includes quotes from Karpeles' mother Anne, says that after starting an IT company in Paris, Karpeles left the city after being caught committing "computer fraud." This small tidbit was noticed by Reddit's Bitcoin forum, but has not yet trickled up to the media until now.

If Karpeles does have a history of committing fraud, it doesn't necessarily mean that he did anything wrong legally or morally with Mt. Gox's Bitcoins. But it probably won't make the people out $473 million sleep any easier.

The Bitcoin community will surely learn a number of lessons from the Mt. Gox disaster, and here is a simple one: when investing in Bitcoin, make sure the guy you're trusting with your money doesn't have a secret past committing fraud. Even if that means finding someone who knows French.

But it's a collective action of large group of people and the end result of their activity happens to something deceptive when looked at. However, no one person actually has a malicious intent to do something deceptive. Each person is just running a bot trying to make a profit on their trades. Nobody is a criminal.

I don't think the volume there is neccessarily "fake" . I just think that, with the 0 fees there, there's this high frequency trading bot that's getting popular in China and more and more people keep piling in with this bot, which results in the same coins being traded back and forth 20 times per day. This makes the volume irrelevant, but not intentionally deceptive or criminal. So the government wouldn't have anything to do about it. It's just a misfortune that the public looks at this volume and makes more of it than it really is.