10am in Japan, wire xfers have time to be processed, wall goes away, market goes BOING!  


IMHO Loaded is conditioning us for when he needs to sell...

LOL... make a fake group, send out invites... schedule a crash... sell... place low bids... flash crash....  profit!!!

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.

Almost certainly a joke, but actually BULLISH if real... because their self-admitted MO is to cause the flash crashes & then buy back.  Not to pump...

  a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

We need to create a P2P network that reposts the gox stream...

If I meant NEW ATH I would have said NEW 

It may be a risk reduction strategy between a client and broker for example.  when client says sell (or buy) above/below XXX that is what you do not really caring about the extra little bit; you'd rather move the volume above below the limit specified.



PS:  ALL TIME HIGH!!!

I think mBTC and uBTC are here to stay because a lot of consensus has appeared around them.  But how about using the acronyms MBC and UBC, to keep them the as standard 3 letter acronyms?

Why?  There likely will be a psychological dampening effect if people think of buying a thousandth or millionth of something... these acronyms start the process of thinking of MBC as a unit in itself.  Especially if a few vowels could be thrown in there make something pronounceable -- "Mibic" for example. This should emerge naturally but it would be better if it was guided so it did not sound diminutive.  "Mibbies" would be bad for example because it sounds to me like some kind of plastic toy coin used in tiddily-winks


For newbies: no name that even refers to a colloquial name for USD should be used to ensure that there is no possible probable cause to create a (trumped up) counterfeiting case.  There's lots of discussion on this, search around.

casascius:  Doesn't work for me or a lot of other ppl I think.  Because the "internet" already IS something.  You'd have better luck with something like intercoin or netcoin I think... but unfortunately all those (and everything without bitcoin in it) sounds more like an alt-coin to today's ears.

looks like quite a bit of fiat left mt gox before the coinlabs transition... if coinlabs goes smoothly, this thing may really pop :-)

Krabby, there are lots of pros in bitcoin; its an esoteric area with lots of econ ppl and traders.  Don't try to beat ppl who do it 40hrs a week.  Or plan to lose $. 

Best strategy for an amateur in a security with strong fundamentals.  Buy on the dips and hold... hold hold!  Hold no matter what! :-)

It didn't go deep.  Look at the graph, it barely touched the top of the average trendline that has been set over the past few months, due to the massive upwards breakout that started on monday.  This market is still driven buy buyers...

http://www.bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgSzm1g10zm2g25zv

Boys place your bids!!!  Gox may not be responsive soon so you've gotta call the bottom NOW!  

Yes, of course, if by "everybody" you meant depositors.  So this is the stakeholder's (depositors, stock/bondholder's) decision, not the nation's.  

If by "everybody" you mean losses due to the general economic malaise... sometimes you must feel sick before you get better.  I think economic "losses" are often massively overstated by those who have a great interest in keeping the status quo going.  The region either never had it in the first place (market capitalizations that can't handle selling volume for example), or wealth was simply transferred from those who sold at the top to those who bought at the bottom.

Cypress is a searchlight illuminating the system.  
Fundamental assumptions that underlie the media's reporting show why the Euro is breaking down.

First: The idea that if Cyprus "leaves" the Euro -- that is, if the government can't pay its bills in Euros -- then all of its banks depositor's money is magically transformed into "Cybucks".

Second: That a government should be involved in negotiating a loan for a few banks.

Third: That the general population should care how and whether a bank saves itself.  Instead the stakeholders of the bank should be the ones voting on a deposit reduction, chapter 11 or other options.


Bailouts keep "things" smooth and orderly.  But unfortunately they do not cause the social transformation in power structure and methodology required to effect the internal changes required to protect the system from similar subsequent events.  

Bitcoin is that transformation.  The only way for savers in the PIIGS nations to win is to refuse to play :-).

Its better than that; its a double whammy of good bitcoin news and bad central banking news... 

"...no power to tax.  Right, that in theory is the point of a currency, right?"

A glimpse into the financial industry's mindset that created the Cyprus situation.  Its not "over there", its everywhere.

Note I don't disagree with reasonable taxation to support public services.  But the POINT of a currency is not taxation...

Edit:  Holy Sh*t I glance away for 3 minutes to write this and the wall is destroyed!!

2013-03-21 11:52:27 to 2013-03-21 12:02:27:  Avg price: 69.182 (68.600 to 70.000) Total volume: 8537.14760, Cumulative cost: 588560.00000  Buy volume: 8438.59687 (581775.47 USD), Sell volume: 98.55073 (6785.50 USD)  Ratio: 85.62694 ( 85.74)

Yes, going down (but so are the bids)

>>> btcstats.positionSummary(db,90*btcstats.Minutes,0,[0],[68.911,100])
2013-03-21 10:10:22.847393:
  3916 bids of 40533505 btc (7456004.00) above   0. 
    17 asks of   9224 btc (634929.00) below  68.     464 asks of  33716 btc (2686916.00) below 100. 
2013-03-21 10:30:29.660514:
  3904 bids of 40533341 btc (7446380.00) above   0. 
    17 asks of   9521 btc (655473.00) below  68.     463 asks of  34223 btc (2726097.00) below 100. 
2013-03-21 10:50:39.402368:
  3928 bids of 40532782 btc (7445549.00) above   0. 
    18 asks of   9789 btc (673944.00) below  68.     465 asks of  34390 btc (2736411.00) below 100. 
2013-03-21 11:10:42.174014:
  3941 bids of 40530908 btc (7412532.00) above   0. 
     2 asks of   8109 btc (558757.00) below  68.     448 asks of  32359 btc (2596895.00) below 100. 
2013-03-21 11:30:50.480346:
  3954 bids of 40528407 btc (7376291.00) above   0. 
     3 asks of   7657 btc (527472.00) below  68.     452 asks of  32000 btc (2571633.00) below 100. 

Essentially no fees.  By looking into my logs, I can't tell if they add a txn fee for miners but if they do its bitdust.

Nope!  Do more research & try again!  Hint: the difficulty changes to create a constant average block creation rate as more (or less) transaction processing capacity (aka mining) comes online.