Yea it was me who brought it up 6 months ago. I was hoping something new had now come along or i had missed something. |
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Nice job getting that domain!
Hopefully MtGox doesnt try to get it from you since they own the bitcoin name trademark.
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Does anyone know if there is a phone APP (preferrably Android) for this forum from SMF or any third party developer?
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Pretty good video, not sure if this counts as press though.
Just goin to say the same thing. Do people who make homemade youtube videos qualify for the "press" section? |
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Because of the seized funds, Mtgox is now essentially running a pyramid business. New money coming in is used for paying customers waiting to withdraw.
you do know that mtgox ACTUALLY makes MONEY with it's trades. it's taken in more money off fees than has been "seized". it's not like they actually DONT MAKE MONEY Well duh superduh.  We all know they have transaction fees. But it nowhere totals the amounts of fiat & btc flowing in and out. The transaction fees only cover their operating costs and profits. There is no way their profits can cover big seizures. That is why they are "floating" withdrawls over time. As money comes in, they allow a small fraction out. If/when they get their funds back then things will return normal. If there is another large seizure it will probably sink them. |
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Mining has consumed a lot of my time. An argument can definitely be made that at least that part of it wastes time.
Oh...another one post troll. |
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Because of the seized funds, Mtgox is now essentially running a pyramid business. New money coming in is used for paying customers waiting to withdraw.
They are not paying interest out of deposits, so I think it is just Fractional Reserve, not a pyramid or ponzi scheme (although you could argue that they overlap). Good point. You post is more accurate. I wonder how "fractional" they are now after having 5 million seized. Its got to be tough on them having that much money tied up. |
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Because of the seized funds, Mtgox is now essentially running a pyramid business. New money coming in is used for paying customers waiting to withdraw.
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Take a chill pill.........
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No Way!.........unless sha256 is compromised.
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Looks like an interesting project. Best of luck with it. Did you annouce it in the service announcement thread? https://bitcointalk.org/index.php?board=84.0(I know this forum has more eyeballs, but I also review the other thread for new and interesting things coming out) |
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Did any consumers loose their money by the seizure or did MtGox loose it all and cover their clients deposits? I am suprised Mtgox is still survivng after having that much capital tied up! (And who knows if/when they will get it back)
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First off, just about all the alt coins are pure garbage. A few make money, but most get taken to the cleaners on these pump-N-dump pyramids. If you had invested in btc over the last month you would be up over 25% so far. And it is only going to keep increasing over time. http://bitcoincharts.com/charts/mtgoxUSD#rg30ztgCzm1g10zm2g25zi4gPerformancezvzpMy advice....stay away from all the script kiddies creating worthless garbage at this time. Allthough one or two might break out (like litecoin) you are risking a lot by gambling on them. I expect BTC to be back to $150 or more in the very near future. Investing makes sense when you do it wisely. Thats my 2 cents. |
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Having nearly 3 million seized definately put a crimp in their business. This had to be one of the reasons they put a 2 week freeze on withdrawals. Im sure it also stalled their other projects like upgading the web infrastucture and delays for implementing litecoin.
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I voted after seeing this thread! |
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