 Show Posts
|
|
Pages: [1] 2 3 4 5 »
|
|
2
|
Economy / Exchanges / Cryptsy.com is down
|
on: January 16, 2016, 08:11:15 PM
|
The Cryptsy site is down. Maybe forever. (Their blog, "blog.cryptsy.com", is still up, but that's hosted by Tumblr.) If you had money in there, it's time to file a criminal complaint and get an arrest warrant issued for Paul Vernon.  WANTED for Grand Theft |
|
|
|
|
3
|
Economy / Speculation / Is the runup being driven by the MMM Global Ponzi?
|
on: November 01, 2015, 07:08:51 PM
|
The runup is definitely coming from China; look at the exchange volumes. The MMM Global Ponzi scheme may be driving this. They claim "100% per month" returns. That never ends well. If you're not familiar with the MMM Ponzi, see the Wikipedia article.. The guy behind this did it in the 1990s, it collapsed like all Ponzi schemes, he went to jail, did his time, got out, and now he's back. Using the same MMM name and logo, no less. But this time, it uses Bitcoin. Sergey Mavrodi, the guy behind it. |
|
|
|
|
4
|
Bitcoin / Mining speculation / So who drops out at the halving?
|
on: September 18, 2015, 08:00:21 PM
|
|
Any miner who isn't making a big return now starts to lose money at the next halving. Who's dropping out at that point?
Are the big players buying new hardware, or just getting the last revenue out of the old stuff?
|
|
|
|
|
5
|
Bitcoin / Press / [2015-09-14] Mark Karpeles, Mt. Gox founder, charged with embezzlement.
|
on: September 14, 2015, 10:55:47 PM
|
Mt Gox founder Mark Karpelès charged with embezzlement (Financial Times) "The founder of Mt Gox, the exchange that once handled 80 per cent of global bitcoin trading, has been charged with embezzlement and data manipulation as mystery continues to swirl around the massive digital burglary at the company. Japanese prosecutors on Friday accused Mark Karpelès, 30, of misappropriating Y315m ($2.6m) deposited by bitcoin investors at Mt Gox about six months before its collapse in early 2014. The money, they claim, was moved from Mt Gox’s deposit account into the account of another company controlled by Mr Karpelès."
|
|
|
|
|
7
|
Economy / Speculation / Back to $225
|
on: August 19, 2015, 04:52:13 AM
|
|
Well, Bitcoin has returned to its trading range of $225 ± 25, which was where it was for most of the first half of 2015.
|
|
|
|
|
9
|
Economy / Speculation / $225 is the new normal.
|
on: June 07, 2015, 09:53:43 PM
|
|
$225, ± 25, is the new normal. For the last 5 months, the price has been in that range except for two brief bubbles and one brief crash.
|
|
|
|
|
11
|
Economy / Economics / Bitcoin usage is flat
|
on: April 27, 2015, 08:05:29 AM
|
Bitcoin estimated transaction volume, USDBitcoin transaction volume in US dollars is surprisingly flat, and has been for the last year. Occasionally there's a day with a transaction volume spike, but that's frantic trading, not usage. While the number of Bitcoins involved in transactions is up, that's because the price of Bitcoins is going down.
|
|
|
|
|
16
|
Economy / Speculation / The Coinbase pump is over
|
on: February 04, 2015, 06:56:06 PM
|
Well, it looks like Coinbase did a pump and dump backed by heavy publicity.  Timeline - Jan 20 - Coinbase announces new VC funding and runs "To The Moon" promotion.
- Jan 27 - First reports that Coinbase is operating without licenses
- Jan 28 - New York Times covers lack of licenses.
Post-Coinbase, Bitcoin is back where it was pre-Coinbase. |
|
|
|
|
17
|
Other / New forum software / Shrinking quoted pictures
|
on: January 31, 2015, 07:44:26 AM
|
|
How about having the forum system shrink pictures to thumbnail size when they appear within quotes? That way, each image appears in full size once in the original post, then in miniature in each post that quotes the original. That would eliminate walls of giant repeated images.
|
|
|
|
|
18
|
Bitcoin / Legal / Class action against Coinbase
|
on: January 31, 2015, 07:39:07 AM
|
"Coinbase runs into trouble over New York and California regulatory status""Coinbase is being sized up for a class action suit by securities litigators Tripp Levy for allegedly making false and misleading statements relating to the regulatory status of its new bitcoin exchange in New York and California. Earlier this week, Coinbase launched what it called America's first regulated bitcoin exchange, promising that the platform would immediately be available to users in 24 US states and territories.
However, Matthew Anderson, a spokesman for Benjamin Lawsky, the superintendent of the state’s Department of Financial Services, has told the New York Times that the regulator has not issued Coinbase was a license. Bitcoin firms in New York currently need a money transmission license but will soon have to get a dedicated 'BitLicense'. In addition, the California Department of Business Oversight has issued a statement to "correct erroneous reports that Coinbase Exchange has received regulatory approval from the State".
When news broke of the Coinbase exchange, bitcoin's price saw a sharp rise, hitting $263. Law firm Tripp Levy says that the company's initial statement may have "artificially inflated" the cryptocurrency's price, which later fell as the New York and California news emerged."
|
|
|
|
|
19
|
Economy / Service Discussion / "The Coinbase Vault has Zero Fees"
|
on: January 21, 2015, 02:24:42 AM
|
|
Coinbase says that "the Coinbase vault has zero fees".
Uh oh. If they don't charge a fee, how do they make money?
The traditional Bitcoin wallet ways of making money were speculating with customer funds and stealing them.
|
|
|
|
|
