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Looks like the service is not functioning.
The exchange made some changes as a result of the DDoS attacks -- perhaps one of those changes introduced the problem (e.g., need to now access the trade API using https:// ?)
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Most excellent!
Another data series that would be interesting to see charted would be the cost of electricity per-BTC (or better, per-USD based on market rate at the time.)
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But it looks like MtGox's only option for withdrawing funds is still only Liberty Reserve. To clarify, withdrawal methods include: Direct deposit - U.S. ACH (when withdrawing $800 or more) - Europe, bank wire, 2% fee Liberty Reserve Transfer to another Mt. Gox account (e.g., trade your MTGUSD with a buyer on #bitcoin-otc marketplace then deliver your MTGUSD within the site) - http://en.bitcoin.it/wiki/Mtgox#Withdrawing_Funds if MtGox were to allow adding AND withdrawing using a Dwolla account.
Any thoughts on when or if this might be implemented? Adding funds via Dwolla was something just added a couple days ago. Withdrawing through that method is something planned as well, if I remember correctly. There are multiple bids willing to trade 1:1 for your MTGUSD on #bitcoin-otc: http://bitcoin-otc.com/vieworderbook.php?type=BUY¬es=dwolla Just remember to follow Secure Trading recommendations: http://en.bitcoin.it/wiki/Secure_Trading (e.g. seek a trusted party, trade small amounts at a time, etc.) |
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Thursday, May 5th, 2011- Lingering site access problems for Mt. Gox (Service mostly restored)
Fine tuning actions continue to keep the site operational after it was moved to a network which provides DDoS defenses. Sporadic problems accessing the site were reported though heavy trading on the site returned.
- http://www.mtgox.com - U.K. Money Transmitter - TransferWise (GBP to EUR)
Person-to-person transfer from U.K. to EUR recipient. Currency converts at mid-market rate.
- http://transferwise.com
- http://en.bitcoin.it/wiki/TransferWise - LinuxCoin - Bootable flash media image with client and miner
A lightweight Debian-based OS which includes in the image everything that is necessary to run as a Bitcoin client and everything needed to get started mining on ATI hardware.
- http://en.bitcoin.it/wiki/LinuxCoin - Recent additions to Bitcoin Merchant Directory / Trade wiki article:
- Free Software Foundation (FSF) (donations):
- http://my.fsf.org/donate
]There are numerous other recent additions
- http://en.bitcoin.it/wiki/Trade - s3052’s Bitcoin Market Technical Analysis
“Prices are in nomansland after the big rally to $4.15.”
Long term: “Rally”
Short term: “Pausing. Correction down seems more likely.”
- http://bit.ly/kPH8Ix - Fixed-rate exchange BitLex resumes with new website address
The exchange enables trades between bitcoins and Linden dollars (L$). L$ are used in the Second Life virtual world. When BitLex first started trading less than a year ago, 1 BTC would only buy L$0.667. Today 1 BTC buys about L$900.
- http://www.bitlex.org
The ability to buy using bitcoins has been helpful as Linden Labs, Second Life’s operator, has found it difficult to integrate with various payment systems globally:
- http://bit.ly/kTh4jt
Wednesday, May 4th, 2011]Wednesday, May 4th, 2011- New software: Zen Cart Bitcoin Payment Module
A payment module that interacts with bitcoind for Zen Cart ecommerce.
- http://github.com/jalder/Zen-Cart-Bitcoin-Payment-Module
- http://en.bitcoin.it/wiki/Zen_Cart_Bitcoin_Payment_Module - DDoS protections in place at Mt. Gox
The service is now running on a network that has defenses that protect the exchange from distributed denial-of-service attacks — something that has disrupted service for the previous four days. The attacks have continued in the hours since the service went live under the new protections, however the attack no longer was having any noticable impact on the service. - Mt. Gox exchange says “Dwolla Accepted Here”
Instant funding method. $0.25 per transaction. Per-transaction amounts up to $5K USD for personal accounts and $10K USD for business accounts. Dwolla is an ACH based payment network.
- http://www.bitcoinmoney.com/post/5185875167
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews[/list]
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Not sure which of the categories this would fall under: - http://transferwise.com/ Send money and convert between GBP and EUR. Flat £1 transfer fee |
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Also, why so much text all on the front page? I think it would be better with less text and instead
There's one characteristic of this lottery that makes it different from other sites ... winnings are returned only to the exact same bitcoin address from which they were sent. This means that if you were to send your wager using an eWallet service, such as MyBitcoin, and then won -- someone else will get your winnings. - http://en.bitcoin.it/wiki/EWalletAdditionally, ... you want to make sure your wallet.dat is backed up because if before the draw occurs you were to lose your wallet and then won BitLotto, you couldn't spend your winnings. That said, if you are going to wager, I know of no other Bitcoin-related gaming that provides better odds than BitLotto. BitLotto pays 99% and the operator keeps 1% -- a payout that is better than any other Bitcoin-related wagering service that I know of. And because all wagers and payouts are visible in the block chain, there's no cheating. That's why BitLotto doesn't provide the ability for each wager to provide a separate bitcoin address for payouts. There might be one area where I might be concerned. The amount BitLotto takes in isn't placed in escrow before the draw or as part of the payout. At just 128 BTC wagered, I wouldn't be terribly concerned but at some point the total for a BitLotto draw will possibly be enormous much larger and well before that point security will become paramount. As a for-instance, the site does not yet operate with an SSL certificate ( https:// ). And to be clear -- the laws regarding participation in an online lottery vary based on jurisdiction. |
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The convention I hold to quite carefully is to call the technology "BitCoin" and the money itself "bitcoins". This is largely so that even at the beginning of a sentence it can be clear whether I am referring to specific coins or the technology as a whole. It is an arbitrary choice, but I feel it improves communication of the concepts.
Related thread: http://bitcointalk.org/index.php?topic=2200.0 |
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There might be some people who will sell us data that will tell us what kind of credit card transactions or private transactions that a Californian may have made in purchasing something out of state. Under the plan, California could generate up to $1.1 billion in uncollected taxes by monitoring what you buy online. Anyone purchasing more than $5,000 a year would be fair game.
“This item was pulled from the calendar for further review. It was pulled from the agenda and is not ready for discussion at this time. - http://sacramento.cbslocal.com/2011/05/03/on-the-money-internet-police/ |
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Tuesday, May 3rd, 2011- Article / Blog post:
PayPal Freezes Accounts of Two Bitcoin Exchangers by Jon Matonis in The Monetary Future
“The real surprise here is that, at least according to PayPal, bitcoin is now a currency.”
“What I find most difficult to believe is how so many people continue to support a system that has repeatedly demonstrated that it knows better than you do when it comes to how to spend your own money.”
- http://bit.ly/kufMst - Article / Blog post:
The Dark Side of Emerging Payments, and What to Do About It by JJ Hornblass in the Bank Innovation blog
“Increasingly, people are using virtual dollars to pay for things.”
“These purveyors require no registration with the government, no license, are free to set whatever terms they want. [This] is of concern as the population of ventures ‘printing’ digital dollars expands.”
- http://www.bankinnovation.net/profiles/blogs/the-dark-side-of-emerging
- http://bitcointalk.org/index.php?topic=7134.0 - Another Bitcoin exchange gets attacked: Bitmarket.eu
The operator of the BitMarket.eu exchange has had taken the site offline, temporarily, following a network attack. [Update: the service was restored after a few hours.]
- http://bitcointalk.org/index.php?topic=7126.0 - Mt. Gox’s DDoS Day 4: Access to Bitcoin’s leading exchange remains intermittent at best
The Mt. Gox exchange has not yet completed the move to a network that has DDoS defenses and as a result has been getting pummeled by network attacks, according to the service’s operator. The distributed denial-of-service attacks began on Saturday, though they have proceeded at differing levels since. There are periods of time where access is acceptable while other times there is no service. The BTC/USD exchange rate has stayed within a relatively narrow range on Mt. Gox and on other exchanges — currently around $3.40 USD.
[Update: Service fully restored.]
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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