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1  Economy / Speculation / Gox Exit/Entrance Speculation on: February 25, 2014, 07:52:33 PM
What if this draft is some type of ploy that Karpeles released to make it look like a third party is involved for a potential purchase. This explains why it was knowledgeable yet poorly written. Maybe he is actually planning to sell the functional Mt Gox assets to a company that he owns in a different jurisdiction for pennies (so he can back out of the liability and start fresh) then install a figurehead or partner to run the new 'Gox' while he silently owns shares in the background through a nominee shareholder. He can then train the new CEO, etc.

Maybe that's their plan.....and they released the 'leak' draft on purpose. Conspiratorial but very possible.

Please give me a little street cred and humor me before you start dismissing this outright. I've been correct up until this point (see below).

https://bitcointalk.org/index.php?topic=476340.msg5353565#msg5353565
https://bitcointalk.org/index.php?topic=484430.msg5353489#msg5353489

Original crisis draft -- http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
2  Other / Off-topic / Mr. Gox Captured by Albanian 'Grey Ops' & handed over to the Illumin....... on: February 21, 2014, 02:55:50 AM

Illuminati......well, they're trying to hand him over to the Illuminati. There's been a little confusion. They initially sent him to European Black Nobility only to get kicked over to the Fabian Society. Fabian sent him over to the Jesuits, who refused to even look at him. Let's see....we've visited the Volker Fund, The John Birch Society, Gary North, The Warburg Family, and, finally, Milton Friedman. Milton wasn't there but his wife told us to look for BitcoinSteve and handed me a pyramidal organizational chart that is actually more confusing than the chart we were using previously (see below).

So, if anyone can put me in touch with BitcoinSteve that'd be great. The Knights of the Pelican & Eagle acted as though they'd never heard of him and Skull & Bones wouldn't give me any information unless I could confirm that I was the 'keymaster'.




3  Economy / Speculation / BitPay is not Bitcoin....persistent foreign exchange risk costlier than CC. on: April 24, 2013, 02:36:39 PM
Main point...

You guys are missing the point here.

It's a tall order to make someone become an investor by exposing them to large foreign exchange risk (currency fluctuation risk) simply because they want to save money on wire fees and credit card fees, which seems to be what many champion when discussing Bitcoin. There is no point in highlighting the fact that BTC can save any money on fees because it likely can't.

It is simply a tool for investors to make purchases with their investment. It doesn't offer the public a cheaper transactional fee structure. It forces them to become investors by making them take on enormous currency exchange risk (USD/BTC) in order to, under perfect circumstances, save maybe 1% in various transactional fees because:

A) 99.9% of online purchases are through BitPay and their 1% charge
B) Spread is 0.5% - 1% (or 5%+ during high volatility) and must be accounted into sale price through BitPay
C) Foreign exchange risk (USD/BTC fluctuations) are greater than any CC or wire fee
D) Paypal offers free intra-border money transfer, so this does not help people who aren't already invested in BTC
E) Paypal offers low cost international money transfer, ditto.

So champion it for what it is, an investment that allows investors to make purchases with their investment. Only with a great deal of luck will it save anyone else anything on transaction fees.

Because only investors are incentivized to make purchases with BTC, and because there is an incentive for investors to hoard, I see this as something that limits BTC online transactions (and BitPay because 99.9% of merchants will only accept through them).

And If people begin making substantial online purchases with BTC, because these purchases will likely be made by investors who already hold substantial coins, the market will likely trend lower because there will be no off-setting transaction for the BTC to USD (or whichever currency) conversion that happens through BitPay.....again, because almost all merchants accept Bitcoin through BitPay.

Lower fees....debatable. We just moved from from $166+ to $157 in no time. That transaction just became 5%+ more expensive if I purchased @ $166, not including spread and BitPay transaction fees. Actually, while I'm writing this we are now at $153.....so much more expensive than any CC fee. This is the foreign exchange risk I'm talking about. $166 - $153 is almost 8% in a matter of minutes.....plus 1% for BitPay and 1% for the spread (now at 1.5% due to volatility).

So if I had bought a few minutes ago at $166 BTC for a transaction that just occurred, it would have cost 10%.......way higher than any credit card fee.


All of these merchants that are 'accepting Bitcoin' are really accepting USD through BitPay. 99.9% of Merchants will likely never accept Bitcoin directly due to extreme foreign exchange risk.

Other than for very niche privacy related applications that are likely international, there is no reason to go USD-BTC-USD by converting USD to BTC to purchase something with bitcoins that will be converted immediately back into USD.....unless one already holds BTC as an investment.

And the people that invest are hoarding, for the most part, so I see this as something that will stunt BitPay's growth. And if BitPay does grow tremendously, the market would likely trend down because A) USD-BTC-USD (mainly for gambling and niche privacy related uses) would be an offsetting transaction that should not move the market and B) investors that have been holding bitcoins are very likely the main consumers transacting, so if they began making a huge number of online purchases the market would, if anything, trend lower because 99.9% of merchants must use BitPay and immediately convert to USD.

I see Bitcoin's utility in transnational transactions, albeit with high foreign exchange risk. For intra-border (within the US) transactions, the only reason to transact is if you are already an investor. It's a tall order to ask the general public to invest in Bitcoin or for merchants to accept it directly simply to save, at best, 1% on transaction fees. BitPay charges 1% and the BTC spread is usually 0.5% - 1% (or 5%+ during high volatility), and merchants must account for the spread when pricing through BitPay, so at a minimum the fees are still 1.5% - 2% split by the purchaser and the merchant. This doesn't include the extreme foreign exchange risk assumed by the purchaser (or merchant if they chose to accept Bitcoin and not BitPay), which can easily dwarf CC fees in a very short time.

And as much as I dislike Paypal, they offer completely free money transfers (non-purchase related, free for sender & receiver) that are certainly as easy if not easier than purchasing Bitcoin. They also offer very low international transfer rates (0.5% - 2%).
4  Bitcoin / Press / 2013-04-24 TechCrunch "Obama’s Fmr. Chief Economic Advisor On Bitcoin’s Use" on: April 24, 2013, 02:05:57 PM
2013-04-24 TechCrunch "Obama’s Fmr. Chief Economic Advisor On Bitcoin’s Usefulness: “Hahahaha. ROTFL”"
http://techcrunch.com/2013/04/24/austan_goolsbee-on-bitcoins-usefulness-hahahaha-rotfl/
5  Economy / Speculation / This person completely called it...... on: April 11, 2013, 04:27:32 PM
Lucif bailed the morning of the drop.

This is so perfect -- https://bitcointalk.org/index.php?topic=131065.msg1792764#msg1792764

His precision and charting were spot on. He sold at the very top.

BrightAnarchist was making excellent calls as well.

Funny how people choose to believe mythology while discounting these EW guys. During intense periods of speculation, these are they guys to which you should be paying attention.



6  Economy / Speculation / What does this do to BitPay? on: April 11, 2013, 03:07:37 PM
Does BitPay freeze for 12 hours? Do they accept coins at a rate which may change dramatically when we resume trading?

7  Economy / Speculation / More bot bids...to simulate interest. on: April 11, 2013, 02:08:13 PM
To simulate interest....look at all these 0.02 bids. If we drop to these levels and lag, they will support the bid/ask.

EDIT: Always at key support levels.....we have a lag, then these bot bids appear. Bid/ask shoot up to the level of these tiny bids even though the stream of sells is much much lower. The slow motion of the lag make these bid/ask jumps much more pronounced, stemming the psychology of the sell-off. This is why we always jump back up so quickly after a minor sell-off (bizarre how bid/ask jump based on tiny 0.02 bids in spite of large 100s or 1000s of coin dumps). It's happened during the past 4 minor sell-offs and yesterday, although the selling was too strong for it to work yesterday.

https://bitcointalk.org/index.php?topic=172540
https://i.imgur.com/umRmL7b.png
https://bitcointalk.org/index.php?topic=170483

In real-time they would have no effect whatsoever. The reason they work is because of the lag.....in slow motion, they inflate the bid/ask. This affects the way people trade because, during a lag, the bid/ask keep shooting up well above the stream of sells, simulating a bounce. In real-time, the bids would be crushed. But in slow motion it helps stem the psychology of the panic because the inflated bid/ask stick for quite some time, giving everyone ample time to see it.


390.8   0.0200   111.98500
390.8   0.0200   111.94500
390.8   0.0200   111.90500

391.9   1.0926   111.90000
391.9   0.0200   111.86500
391.9   0.0200   111.82500
392.0   0.0200   111.78500
392.0   0.0200   111.74500
392.0   0.0200   111.70500
392.0   0.0200   111.66500

393.6   1.5498   111.63000
393.6   0.0200   111.62500
393.6   0.0200   111.58500
393.6   0.0200   111.54500
393.6   0.0200   111.50500

394.7   1.0500   111.50000
394.7   0.0200   111.46500
394.7   0.0200   111.42500
394.8   0.0200   111.38500
394.8   0.0200   111.34500
394.8   0.0200   111.30500
394.8   0.0200   111.26500

395.8   1.0000   111.23000
395.8   0.0200   111.22500
440.3   44.4567   111.21000
443.3   3.0000   111.20000
444.3   1.0000   111.19000
444.3   0.0200   111.18500
444.3   0.0200   111.14500

445.2   0.8345   111.12000
447.5   2.3512   111.11111
448.6   1.1000   111.11100
683.6   234.9418   111.11000
683.6   0.0200   111.10500
690.6   7.0000   111.10000
691.6   1.0000   111.09121
691.6   0.0200   111.06500
707.2   15.5658   111.04851
707.2   0.0200   111.02500
710.0   2.8000   111.02151
720.0   10.0000   111.02000
1135.4   415.4003   111.00000
1135.4   0.0200   110.98500
1135.4   0.0200   110.94500
1135.4   0.0200   110.90500
1135.5   0.0200   110.86500
1135.5   0.0200   110.82500
1135.5   0.0200   110.78500
1135.5   0.0200   110.74500
1135.5   0.0200   110.70500

1137.6   2.0200   110.70000
1137.6   0.0200   110.66500
1137.8   0.2500   110.62501
1137.9   0.0200   110.62500
1137.9   0.0200   110.58500
1137.9   0.0200   110.54500

1138.9   1.0000   110.51000
1138.9   0.0200   110.50500
1141.7   2.7548   110.50009
1143.0   1.3165   110.50000
1155.6   12.6087   110.47294
1155.6   0.0200   110.46500
1155.6   0.0200   110.42500
1155.7   0.0200   110.38500
1155.7   0.0200   110.34500

1205.7   50.0000   110.33000
1205.7   0.0200   110.30500
1210.7   5.0000   110.30000
1210.7   0.0200   110.26500
1210.9   0.2268   110.25000
1211.0   0.0200   110.22500
1215.0   4.0000   110.21110
2394.6   1179.6730   110.20003
3252.7   858.0232   110.20002
4252.7   1000.0000   110.20000
4252.7   0.0200   110.18500
4253.5   0.8366   110.15000
4253.5   0.0200   110.14500
4263.5   10.0000   110.13272
4263.6   0.0200   110.10500
4363.6   100.0000   110.10000
4373.1   9.5367   110.09000
4373.1   0.0200   110.06500
4374.1   1.0000   110.06325
4374.2   0.1371   110.03177
4374.3   0.0200   110.02500
4379.3   5.0000   110.02000
4382.1   2.8000   110.01251
5425.8   1043.7740   110.01000
5425.9   0.1000   110.00230
5525.9   100.0000   110.00100
7092.4   1566.5042   110.00000
7092.5   0.0200   109.98500
7092.5   0.0200   109.94500
7092.5   0.0200   109.90500

7093.8   1.2500   109.89998
7128.8   35.0000   109.87600
7128.8   0.0200   109.86500
7128.8   0.0200   109.82500

7165.2   36.4246   109.81600
7165.2   0.0200   109.78500
7165.3   0.0200   109.74500
7165.3   0.0200   109.70500
7165.3   0.0200   109.66500
7165.3   0.0200   109.62500
7165.3   0.0200   109.58500
7165.4   0.0200   109.54500
7165.4   0.0200   109.50500

7166.4   1.0500   109.50000
7166.5   0.0200   109.46500
7166.5   0.0200   109.42500
7166.5   0.0200   109.38500
7166.5   0.0200   109.34500
7166.5   0.0200   109.30500
7166.6   0.0200   109.26500
7166.6   0.0200   109.22500
7166.6   0.0200   109.18500
7166.6   0.0200   109.14500

7166.9   0.3000   109.14000
7168.9   1.9500   109.11900
7168.9   0.0200   109.10500
7171.1   2.2100   109.09440
7171.1   0.0200   109.06500
7171.1   0.0100   109.02884
7171.1   0.0200   109.02500
7276.6   105.4127   109.00000
7280.6   4.0300   108.99000
7280.9   0.3080   108.81766
7297.3   16.4454   108.56147
7445.6   148.2702   108.51805
7450.5   4.8930   108.51200
7451.6   1.0500   108.50000
7451.6   0.0200   108.46500
7451.6   0.0200   108.42500
7451.6   0.0200   108.38500
7451.6   0.0200   108.34500
7451.7   0.0200   108.30500

7461.7   10.0000   108.29508
7462.7   1.0000   108.28524
7462.7   0.0200   108.26500
7469.1   6.4665   108.25100
7469.2   0.0200   108.22500
7469.2   0.0100   108.20000
7469.2   0.0200   108.18500
7469.2   0.0200   108.14500
8  Economy / Speculation / Let me guess, they will blame this correction on a DDoS...... on: April 10, 2013, 06:09:24 PM
This was headed down well before any lag.....Gox simply cannot handle sell-offs. It jams up their system. The lag helps stem the sell-off, in fact; it doesn't make it worse. It acts as a circuit breaker. The lag slows the sell-off and then gives them something to blame the correction on.



9  Economy / Speculation / Doing all they can to hold it above $200..... on: April 10, 2013, 05:45:30 PM
The usual small systematic bot fills (0.02 BTC) much higher than previous trades to keep the bid/ask up and stem the panic sell-off.


17:39:58   200.00000   2.0000
17:39:57   200.00000   1.7034
17:39:55   200.00000   0.9400
17:39:50   200.00000   0.1798


17:39:32   207.10440   0.0100


17:39:30   200.00000   0.2822


17:39:29   207.10440   0.0100


17:39:28   200.00000   155.5402
17:39:28   205.00000   5.0000
17:39:21   200.00000   5.2321
17:39:10   200.00000   9.9400
17:39:09   200.00000   778.5880


17:39:07   210.00000   0.0200
17:39:07   210.00000   0.0200
17:39:07   210.00000   0.0200
17:39:06   210.00000   0.0200
17:39:01   210.00000   0.0200
17:39:00   210.00000   0.0200
17:38:56   210.00000   0.0200
17:38:56   210.00000   0.0200
17:38:54   210.00000   0.0200
17:38:53   210.00000   0.0200
17:38:51   210.00000   0.0200
17:38:46   210.00000   0.0200
17:38:45   210.00000   0.0200
17:38:44   210.00000   0.0200
17:38:42   210.00000   0.0200


17:38:41   200.00000   35.0000


17:38:39   210.00000   0.0200
17:38:38   210.00000   0.0200
17:38:38   210.00000   0.0200
17:38:34   210.00000   0.0200


17:38:30   200.00000   12.0000
17:38:27   200.00000   74.8098
17:38:26   200.10000   0.0100
17:38:19   201.10000   0.0100
10  Economy / Speculation / Gox bizarrity.... on: April 08, 2013, 03:46:06 PM
EDIT - Better if you start from the bottom.


15:23:10   180.53000   0.5142
15:23:09   180.53001   0.2820
15:23:09   180.58459   0.2037


15:23:08   190.00000   0.2042
15:23:08   189.99000   2.1958


15:23:00   180.58459   10.0000
15:22:49   180.58459   0.9526
15:22:48   180.58459   7.8437
15:22:48   180.58459   0.2573
15:22:48   180.58460   0.3770
15:22:48   180.72608   0.4313
15:22:48   180.72942   1.0287
15:22:46   180.73062   0.0621
15:22:43   180.73062   0.2325
15:22:43   186.00000   0.1000


15:22:38   189.99000   0.1015


15:22:37   180.73062   0.2054
15:22:36   180.77700   17.1482
15:22:36   180.91236   1.1236
15:22:33   181.00000   1.0000
15:22:33   181.00000   0.1000
15:22:32   181.00000   0.0250
15:22:32   181.00000   0.1000
15:22:32   181.00000   1.0000
15:22:27   181.00000   4.9445


15:22:27   187.00000   0.1000


15:22:23   181.00000   15.0555
15:22:23   181.00001   0.5021
15:22:22   181.03982   0.4040
15:22:22   181.04150   1.0000
15:22:22   181.07079   3.0029
15:22:22   181.09000   10.0000
15:22:21   181.10000   2.0000
15:22:21   181.10000   1.1044
15:22:21   181.11283   0.0440
15:22:21   181.20000   3.5813
15:22:21   185.00000   1.0000
15:22:21   185.10500   25.0000
15:22:20   185.12093   0.2058
15:22:10   185.12093   0.0955
15:22:10   185.76282   0.3014
15:22:10   186.40470   0.3014
15:22:10   187.04658   0.3014
15:22:10   187.68847   0.3014
15:22:10   188.00000   0.1000
15:22:10   188.33035   0.3014
15:22:10   188.97223   0.3014
15:22:10   189.00000   0.1000
15:22:09   189.61411   0.3014


15:21:51   189.99000   0.3014
15:21:51   189.99000   0.3014


15:21:39   181.20000   1.4800
15:21:39   181.23000   0.5518
15:21:39   181.24996   0.0200
15:21:38   181.33823   0.4313
15:21:37   181.44526   1.0000
15:21:37   181.50000   19.3162
15:21:32   181.50000   0.0100
15:21:29   181.53662   1.0000
15:21:29   181.53662   0.0881
15:21:29   181.57799   5.0000
15:21:28   181.60001   0.5764
15:21:28   181.62000   0.5200
15:21:26   181.76398   0.4040
15:21:26   181.81001   0.7658
15:21:26   181.90000   12.0000
15:21:25   181.96497   0.5588
15:21:23   181.96589   0.2855
15:21:15   181.98194   0.5495
15:21:12   181.99002   0.0549
15:21:12   182.00000   5.3208
15:21:05   185.42845   0.4040
15:21:04   186.06000   10.0000
15:20:59   186.17017   0.4040
15:20:58   188.70000   1.2189


15:20:57   189.21271   0.4000
15:20:30   189.99000   0.1000
15:20:30   189.99000   1.0000


15:20:26   182.00000   2.7701
15:20:23   182.00000   0.0495
15:20:22   182.00000   0.5495
15:20:22   182.00000   2.0000
15:20:22   182.00000   0.1000
15:20:22   182.00000   49.8944
15:20:22   182.17000   2.5328
15:20:22   186.70000   3.0180
15:20:22   186.76034   0.5118
15:20:22   187.02501   1.7938
15:20:22   188.87550   0.4900


15:20:22   189.21271   0.4000
15:20:22   189.21271   0.4000
15:20:21   189.21281   0.4000


15:19:58   182.00000   51.6248
15:19:56   187.00000   1.2752


15:19:55   191.20001   1.1000


15:19:54   182.00000   11.4204
15:19:54   182.00000   0.1700
15:19:54   182.00000   0.1099
15:19:54   182.00000   5.0000
15:19:53   182.00000   25.0000
15:19:53   182.00000   0.0100
15:19:52   182.00001   0.6554
15:19:51   182.00110   0.2116
15:19:46   182.01000   3.0000
15:19:46   182.04150   1.0000
15:19:46   182.10000   0.2321
15:19:44   182.17000   0.0439
15:19:44   184.89273   0.5409
15:19:44   185.60000   0.4726
15:19:43   187.49616   0.5333


15:19:43   190.00000   3.0000
15:19:38   191.20001   1.6349

15:19:35   182.10000   49.7679
15:19:34   182.10001   0.8723
15:19:34   182.11101   162.2243
15:19:34   182.13000   9.2182
15:19:34   182.15011   0.4907
15:19:34   182.16000   8.0000
15:19:33   182.18889   0.5000
15:19:32   182.18889   0.5000
15:19:32   182.20000   0.5000
15:19:31   182.20000   2.4956
15:19:31   182.20001   0.1386
15:19:31   182.22000   2.7439
15:19:31   182.22000   2.7439
15:19:30   182.23400   6.0000
15:19:30   182.26000   21.9467
15:19:30   182.33000   2.0000
15:19:30   182.49104   0.4040
15:19:30   182.50000   0.0200
15:19:30   182.52335   0.6102
15:19:30   182.58000   10.0272
15:19:30   182.59161   0.5588
15:19:29   182.59239   1.0000
15:19:29   182.61569   0.0440
15:19:29   182.68430   1.0000
15:19:29   182.68430   1.3158
15:19:29   182.70001   1.6429
15:19:29   182.74836   0.0107
15:19:29   182.74836   0.3761
15:19:28   182.74836   0.3761
15:19:28   182.78771   0.7167
15:19:28   182.80001   0.5151
15:19:28   182.80001   0.3859
15:19:28   182.84345   0.0190
15:19:28   182.93252   1.0000
15:19:28   182.94509   1.1111
15:19:28   182.94509   0.5000
15:19:28   182.94509   0.5000
15:19:28   183.00000   34.8000
15:19:27   183.00000   40.0000
15:19:26   183.00000   0.0250
15:19:25   183.00000   0.1000
15:19:25   183.00000   0.0000
15:19:25   183.00002   0.6102
15:19:25   183.00110   0.1813
15:19:25   183.01000   1.0000
15:19:25   183.04150   1.0000
15:19:25   183.08124   0.5000
15:19:24   183.09611   10.0000
15:19:24   183.09768   0.2579
15:19:24   183.11000   1.3008
15:19:24   183.21000   20.0000
15:19:24   183.21825   0.5588
15:19:24   183.22100   0.4040
15:19:24   183.35914   1.0000
15:19:24   183.44528   1.0000
15:19:22   183.45690   0.7873
15:19:22   183.68590   1.0000
15:19:21   183.78000   20.0000
15:19:21   183.80175   0.5441
15:19:21   183.84865   0.4630
15:19:21   183.94810   0.1511
15:19:21   183.95388   0.4040
15:19:21   183.96145   0.0050
15:19:21   183.96145   4.5199
15:19:21   183.99252   0.0430
15:19:21   184.00000   10.0000
15:19:21   184.00000   0.1000
15:19:21   184.00000   2.0000
15:19:21   184.00000   0.0057
15:19:21   184.00000   0.0250
15:19:21   184.00000   0.1000
15:19:21   184.00000   0.2228
15:19:20   184.00001   0.9247
15:19:20   184.04150   1.0000
15:19:20   184.10000   2.0000
15:19:19   184.11000   1.3579
15:19:19   184.16000   4.0000
15:19:19   184.25001   0.5202
15:19:19   184.26015   0.2002
15:19:19   184.26015   0.1989
15:19:18   184.26016   0.5000
15:19:18   184.26016   0.5000
15:19:17   184.40000   0.0049
15:19:17   184.40001   0.6929
15:19:17   184.41977   6.1742
15:19:17   184.45001   0.3884
15:19:16   184.46456   1.3000
15:19:16   184.47895   0.4630
15:19:16   184.50000   0.0048
15:19:16   184.56223   44.9974
15:19:14   184.68969   0.4040
15:19:13   184.83454   1.4377
15:19:13   184.83784   0.5000
15:19:11   184.89000   0.1020
15:19:08   184.92468   0.5000
15:19:08   184.94031   0.5000
15:19:08   184.94220   3.6000
15:19:08   184.94220   2.0000
15:19:08   185.00000   63.0000
15:19:08   185.00000   0.5445
15:19:07   185.00000   15.0000
15:19:07   185.00000   10.0000
15:19:06   185.00000   5.0000
15:19:05   185.00000   18.0439
15:19:04   185.00000   5.4054
15:19:03   185.00000   0.1342
15:19:03   185.00000   23.2859
15:19:03   185.00000   1.0000
15:19:03   185.00000   0.1000
15:19:03   185.00000   6.0000
15:19:03   185.00000   0.0378
15:19:02   185.00000   2.7027
15:19:02   185.00000   1.0000
15:19:01   185.00000   1.1000
15:19:00   185.00000   0.3000
15:19:00   185.00000   0.0043
15:19:00   185.00000   1.0000
15:19:00   185.00000   1.0000
15:19:00   185.00000   6.3220
15:19:00   185.00000   0.0250
15:19:00   185.00000   0.1000
15:18:58   185.00000   0.0200
15:18:58   185.00000   40.0000
15:18:55   185.00000   0.9100
15:18:55   185.00000   10.0000
15:18:55   185.00449   0.3500
15:18:55   185.01000   2.0000
15:18:51   185.01000   1.0000
11  Bitcoin / Press / 2013-04-05 GQ 'When the Bitcoin Bubble will burst' on: April 05, 2013, 04:10:21 PM
2013-04-05 GQ 'When the Bitcoin Bubble will burst'
http://www.gq-magazine.co.uk/comment/articles/2013-04/05/bitcoin-bubble-exchange-rate-crash
12  Bitcoin / Press / 2013-04-05 Co.EXIST 'Listen To The Sounds Of The Bitcoin Bubble—Before It Pops' on: April 05, 2013, 03:38:38 PM
2013-04-05 Co.EXIST Fast Company 'Listen To The Sounds Of The Bitcoin Bubble—Before It Pops'
http://www.fastcoexist.com/1681758/listen-to-the-sounds-of-the-bitcoin-bubble-before-it-pops
13  Bitcoin / Press / 2013-04-05 CNN Money 'Bitcoins are a bubble' on: April 05, 2013, 03:34:48 PM
2013-04-05 CNN Money 'Bitcoins are a bubble'
http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble/?section=money_topstories
14  Bitcoin / Press / 2013-04-04 Daily Beast 'My Bitcoin (Mis)adventure' They’re creepy....... on: April 04, 2013, 07:34:00 PM
2013-04-04 Daily Beast 'My Bitcoin (Mis)adventure'   
http://www.thedailybeast.com/articles/2013/04/04/my-bitcoin-mis-adventure.html

They’re creepy......
15  Economy / Speculation / Mt Gox.....ineptness or competence (controlled lag). on: April 04, 2013, 05:44:31 PM
Does anyone else find it interesting that these large lags only happen on the way down?? AFAIK (correct me if I'm wrong) recently lags never occur on higher volume during upward momentum. The market looked as though it was about to drop a few seconds ago and PRESTO, the lag magically appears. Lately, why does the lag always appear after the price starts dropping (not before) and never when the price is rising on even higher volume??

I'm probably alone here, but I'm not convinced by the Mt. Gox DDoS attack excuse that supposedly drove down prices yesterday. Sure, there may have been a DDoS attack. But I've watched the last two Gox malfunctions fairly closely and the only things I saw, in both cases, were the beginnings of natural, orderly sell-offs (although the previous instance on March 28th was more dramatic) followed by a trading lag (DDoS attack?) and cancellations that actually stemmed the sell-off.

If these 'DDoS attacks' were meant to drive down the price substantially, clearly it's not working. It looks more like planned lags that act as trading curbs. Trading curbs are meant to halt sell-offs, giving everyone time to regain a clearer head and trade with less emotion. These 'DDoS attacks' have become the perfect excuse on which to blame any natural sell-off and subsequent trade curbing mechanism, IMO. The problem is that these last two lags occurred only after the sell-offs began, not before.

Pair this with the bizarre pricing action on Mt Gox, where minuscule sub-coin buys above the ask move the bid/ask up several dollars and counteract 100's of coins being dumped......no, I think Mt Gox is doing everyone a favor in doing everything it can to keep the price up. I have no evidence (only empirical); this is unfounded conjecture.....

Of course, there is an argument that a mysterious, nefarious group of Bitcoin bandits who hold enough coins to create simulated sell-offs are then DDoSing the system in an effort to buy cheaper coins (at risk of destroying the value of the coins they hold). And Gox is so competent that they have caught and resolved the situation before they became larger problems in both instances. But, I simply did not see anything remotely resembling this yesterday. On March 28th? Perhaps.

Gox has a vested interested in keeping this propped at the expense of angering current customers.....because they have many new customers with which to replace you all. Either they have an ridiculously inept system or they are extremely competent at quelling panic selling. I'm not sure if they are idiots or geniuses.....
16  Bitcoin / Press / 2013-04-04 RT 'Is Bitcoin a novelty or a revolution?' on: April 04, 2013, 04:48:33 PM
2013-04-04 RT 'Is Bitcoin a novelty or a revolution?'
http://rt.com/op-edge/bitcoin-novelty-revolution-markets-326/
17  Bitcoin / Press / 2013-04-04 ZDNet 'Bitcoin: More ideology than trustworthy currency' on: April 04, 2013, 04:46:58 PM
2013-04-04 ZDNet 'Bitcoin: More ideology than trustworthy currency'
http://www.zdnet.com/bitcoin-more-ideology-than-trustworthy-currency-7000013500/
18  Bitcoin / Press / 2013-04-03 Mashable 'Bitcoin Plunges By Nearly $30 As Largest Market Suffers...' on: April 04, 2013, 04:38:47 PM
2013-04-03 Mashable 'Bitcoin Plunges By Nearly $30 As Largest Market Suffers...'
http://mashable.com/2013/04/03/bitcoin-value-plunges/
19  Bitcoin / Press / 2013-04-03 Benzinga 'The Lines in the Bitcoin Bubble Battle Are Drawn....' on: April 04, 2013, 04:34:44 PM
2013-04-03 Benzinga 'The Lines in the Bitcoin Bubble Battle Are Drawn. What Side Are You On?'
http://www.benzinga.com/news/13/04/3468700/the-lines-in-the-bitcoin-bubble-battle-are-drawn-what-side-are-you-on
20  Bitcoin / Press / 2013-04-03 The Atlantic Wire 'Bitcoin Blogging Bubble Is Bursting' on: April 04, 2013, 04:24:56 PM
2013-04-03 The Atlantic Wire 'Bitcoin Blogging Bubble Is Bursting'
http://www.theatlanticwire.com/technology/2013/04/bitcoin-blogging-bubble-bursting/63858/
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