Blockchain just started using btc-e pricing or bitstamp or a combination. I dont know but bitcoin holders on mt gox are about to take a hair cut.
I've been seeking an answer for the past two days: https://bitcointalk.org/index.php?topic=274142.0Will there now be a mass exodus from Mt Gox due to this revelation? We can assume they're liquid, but if not they'll have the option of tapping Bitcoinica's funds. |
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Good answer! I still just don't see how I have never seen such a wide gap before yesterday after checking both several times a day for the past years.
It's not a mystery. Blockchain.info used to display prices based on Mtgox. A few days ago they started displaying prices based on Bitstamp. Thank you, Meni. That's what I was looking for. I seriously wasn't aware of this fact, hence starting this thread seeking an answer. I have no problem with what Blockchain.info bases their quotes on as long as I know what's being used. Is there a link to where I can read the memo I didn't get? Later, bud. EDIT: I found it: https://bitcointalk.org/index.php?topic=274564.0Ironically, it was only discovered an hour ago. I wonder if this thread had anything to do with that discovery. |
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A single of MtGOX losing it's monopoly as new exchanges such as Bitstamp start to emerge.
That's the only thing that makes sense, and it all started happening less than 48 hours ago. As of only a few minutes ago, I witnessed a $14.67 spread between Mt Gox and Blockchain's quotes. I'm guessing that blockchain.info's developer changed the weighted algorithm. If I were a rogue trader, I would buy on the street using Blockchain.info's quote and sell on Mt Gox. An easy task now that the word on the street is that Mt Gox's quotes are shit. There's is no fuckin' way I would have even thought of doing such two days ago. Somebody(s) is making a ton of money using this arbitrage. |
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Some loser just PM'ed me wanting to know if I was interested in buying next week's data from Kepler. After pacing around the room a few orbits, I declined the offer.
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Gox is the outlier, all other USD exchanges have a 24 hour average of $10-$12 less than Gox. And this is the normal state of affairs really, just that the disparity has been growing in the last few weeks. Possibly just a reflection of the withdrawal issues in the US, as it's easier to insist on a premium for buying at Gox as the withdrawals are affecting USD and not BTC, so those with alot of USD at Gox are getting stung for the ability to move their BTC to an exchange that has less significant USD withdrawal problems.
Good answer! I still just don't see how I have never seen such a wide gap before yesterday after checking both several times a day for the past years. Up to a day ago, I was able to buy or sell using Mt Gox's numbers rounding up or down, depending, to the nearest whole number and be damn close to what was reflected on Blockchain. Today, I can't do that. As of yesterday, I've never seen such a wide gap. Today, I honestly don't know what a single bitcoin should be bought or sold for now that this gap has widened. Prior to the penning of this post and before clicking, I just witnessed Mt Gox go down ~$2 and the price reflected on Blockchain go up $0.40. This is fuckin' madness! |
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Less than a minute ago, the following is what was reported at Mt Gox and Blockchain:
Mt Gox: Last price: $112.36926
Blockchain: $98.13.
That is over a $14 difference.
At this speaking, I don't have the foggiest idea at what 1 BTC should be bought or sold at if I were to do such online or in person.
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I don't think I've received an answer.
Up until yesterday, the price at Mt Gox was virtually reflected on BlockChain within pennies. Starting yesterday, and still today, there currently is a ~$11 USD difference in price, with the Mt Gox rate being the highest.
I have never seen this before. One or two dollars I may be able to shrug off, but a double digit discrepancy is mindblowing.
I understand weighted averages to this extent: If there were only two exchanges that were being weighed, and one is reflected as being $11 higher, than the other must be $11 lower to see what I'm seeing.
What exchanges are being weighed that's making the Blockchain show such a big difference, given that up to less than two days ago, we were talking pennies, not double digit dollars?
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Everybody is so joyous when they only trade with ToonCash.  |
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With ToonCash, the bad guys will always get what's coming to them.  |
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With ToonCash, refunds are cheerfully given.  |
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It wont be long until you hit 15,000 posts too.
I have a suspicion that psy is deleting some daily. |
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Why is there currently a price difference of ~$11 between the the exchange rate reported on Mt Gox and Blockchain, with BC showing the lesser amount? All the way up to earlier today, the prices were basically in footstep. Is one side or the other broken, or is there something else in play here?
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Activity Party at Brunos place. Starting 8:00 PM.
Bring Beer!
BYOG! |
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If BFL had shipped in November, difficulty would be in the same place it is now (actually, it would be much, much higher). Note the keyword "if". As in if the rabbit didn't stop to take a shit, it wouldn't have been attacked, killed, then eaten by a coyote. If BFL had shipped all pre-orders in November, they would have had mega more orders, thus difficulty would be in the same place it is now (actually, it would be much, much higher), and there probably would have been less competition. If BFL's product line is still so profitable to possess, then what's the big deal in not refunding to all those who ask as they've so gracefully done in the past, for they'll still be able to sell those units to non-monumental assholes? Surely, they're expecting to build more units after the backlog is shipped, otherwise why the hell are they paying 0.00000001+ BTC for advertising. They are doing so many things ass-backwards at Camp BFL, it boggles the mind. All they would have to do is snap a simple motherfuckin' pic each showing 200-400 shipping boxes on the dock and posting said pic on the their forum, then they wouldn't have to pay one more motherfuckin' dime for advertising because in this tightly niche market, action speaks louder than words (read advertising copy). Since they don't do that, there's only one--ONLY ONE--motherfuckin' conclusion to come to--THEY ARE IN THE MOTHERFUCKIN' SCAMMING BUSINESS! "Get your refund, refunds are fun, get it now, don't walk - run!" |
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Currently at 798, expecting 812 any day now.
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Dear PayPal,
I am formally requesting a refund for a product I ordered from BF Labs Inc.When I ordered, I was led to believe that the item would be FCC certified as stated by Josh Zerlan, BFL's COO, as shown below.When is the Jalapeno getting FCC approval?
Maybe two weeks? We are waiting for the test lab to issue the test report. With the bump in power requirements on the MR and the new screen, we had to make changes, although the new screen is already certified. We are doing all the devices at once, since they all share the same board. Haha this is so awesome. Quoting it so you can't go back and change it later.
PS - Why are you so obsessed with jizz?
According the FCC guidelines, it's illegal for Butterfly Labs to sell such devices, let alone me owning one. Unfortunately, it's forbidden according to my lease to have ANY electrical devices that are not FCC certified or UL approved, of which I just learnt that's another certification BFL hasn't provided.
I am so sorry that PayPal is caught up in this mess, acting as the liaison between two parties in the capacity of money transferring for products that are clearly illegal to ship via the USPS and owned by the public.
I look forward to your reply.
Regards,
Al Paca Bitcoiner.
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Joshua you are a sad sock puppet. What you don't realize is Sonny is setting you up for such a monumental fall. Your lack of intelligence makes you such an easy target. Your arrogance and condescension will be the end of you. I hope your mother is proud of the dirtbag she raised. What goes around comes around. Don't drop the soap.
BTW
Will you still make your September deadline?
Why are you intent on violating FTC regulations with your refund policy?
Are you shipping 400 units per day?
Yep! Joshua fell for the oldest confidence trick in the book. Sadly Luckily, he'll fail to heed your advice.  |
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Meanwhile, Josh goes to put in a bid for more advertising on these forums.
Don't go spending money until everyone gets a refund, Inaba.
Actually, they need new customers to pay for the refunds. |
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those cases will not survive shipment.
wtf is this lol.
it is ugly, not durable, looking cheap and disgusting.
terrible design.
it is such a shame...
LOL, go buy a BFL product. Decent Design but you'll never see it. I don't thing any sane person cares what the case looks like as long as the device hashes. I'd prefer mine to look like a trashcan, no one would ever steal it! Another option is Avalon: excellent design, but held up in customs. Once in hand, host them at Zhou Tong's data center until the relic collect take them. What coins you do gain mining, store them at Mt Gox where you can retrieve them 24/7, albeit which 24/7 is anybody's guess. |
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