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481  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 18, 2013, 02:33:09 PM
These people who have pulled out may or may not have used Dwolla in the past and probably don't realise that it's mainly used by pennyless noobs gambling with their day to day living expenses instead of well funded traders.

Interesting logic. I'd argue that the people who pulled out probably realize the importance of minimizing their risk, and Dwolla's transaction volume is irrelevant to that analysis.

What is relevant is that the company holding our funds is facing an adversary that can seize those funds at will, including offshore funds via the Mutual Legal Assistance Treaty. Whether or not that's likely to happen is up for debate, but in the real world, managing risk is the way people with money keep it.
482  Bitcoin / Bitcoin Discussion / Re: The First Political Zone to Officially Recognize Cryptocoins on: May 17, 2013, 08:10:50 PM
San Lorenzo is a tiny, rocky island nation located in the Caribbean Sea

Stay away from the ice nine.
483  Bitcoin / Bitcoin Discussion / Re: The First Political Zone to Officially Recognize Cryptocoins on: May 17, 2013, 07:59:13 PM
Or was that swapping not steading....

Either way, unattached females always welcome. Wink
484  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 07:03:09 PM
He probably means they don't physically exist like paper and metal.

The CFTC regulates derivatives. You'd think he'd be comfortable with things that don't exist. LOL
485  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 06:10:37 PM
Quote
Two years ago, EFF decided to stop taking Bitcoins for a number of reasons and returned the coins to the community via the Bitcoin faucet and promised to investigate further.

Damn. They probably could have funded 1000 lawsuits against Big Brother had they taken a shot back then.
486  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 06:05:39 PM
Can't wait until i get my sub $90 coins back. Should be soon!

Arb is certainly tempting. My balls are still sore from the Bitfloor kick so I'm staying away for now.
487  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 06:01:49 PM
Can't wait until i get my sub $90 coins back. Should be soon!

What channel are you watching?
488  Alternate cryptocurrencies / Altcoin Discussion / Re: You Know Ripple is Good When Someone Pays for This on: May 17, 2013, 05:55:54 PM
Go ahead and ignore me. You will shame yourself and shame humanity. You will ruin your reputation because you have no vision, have no ability to extrapolate patterns today into profitable outcomes. You are too definite and only live in the moment.

What a type you must consort with to not expect a beating after making a comment like that.  Wink
489  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 05:36:48 PM
Here we go! Afternoon delight (EDT).

Perhaps I've overlooked the increase in Coinseeker's post count as a bullish indicator.
490  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 05:27:45 PM
The chance of Gox being shut down today is pretty much the same of Gox being shut down two weeks ago.

I appreciate your point and I do think it's unlikely that Gox will face anything other than a fine, but sometimes where there's smoke, there really is fire. I would hesitate to say that it's an overreaction for people to move their assets until things are cleared up.

To my knowledge, Gox hasn't even released a real statement addressing recent events.
491  Bitcoin / Bitcoin Discussion / Re: The First Political Zone to Officially Recognize Cryptocoins on: May 17, 2013, 04:30:32 PM
a new autonomous region that is going to come into existence by the end of this year.

I didn't think SeaSteading was far enough along to come into existence by the end of this year. Perhaps that points to a terrestrial "free enterprise zone" agreement with an existing nation?
492  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 17, 2013, 12:47:51 AM


This is Bitcoin, there are no facts.  Only speculations.

There are a few facts. One of which is that your Ignore indicator is looking more and more jaundiced. Wink
493  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 11:09:02 PM
It's pure Gox-comedy that this was ever possible in the first place  Cheesy ...
 "Until now you could just pretend you had money or coins and place orders ..."

Bitstamp (rightly) won't let you do this. I'd be surprised if there are many exchanges on which this was ever possible. OK ... you can list something on Ebay that you don't have, but that's a bit different ...

Amazingly my E-Trade account doesn't offer that feature either. ;-)
494  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:52:18 PM
Either Bitcoin will die or the Dollar will die.

This probably isn't the place for an in depth philosophical discussion, so I'll just say that I don't at all believe those are the only two possibilities. Party on.  Smiley
495  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:46:46 PM
I was actually referring to comments about lag being caused by the trading engine having to check funds. I don't know at which stage of the process this was occurring and am not trying to spread any FUD. It was discussed here and someone probably knows the answer better than me

Yeah, I think that's what the announcement dexX7 posted is saying.

If I'm reading it right, prior to April 17th you could place an order without the funds to clear it in your account, and Gox would queue the order and check the funds later, just prior to execution, I'm guessing. Now, they are checking funds on order submission, which they they say will help with system performance.

Edit: crazy spelling
496  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:37:08 PM
If he's right about never seeing sub $100 again then he's also right about seeing $300k.

I'm not sure your maths are solid there.
497  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:30:58 PM
I am speculating, I know, but it seems like a pretty rational strategy for anyone who is at all concerned about their fiat (and to a lesser extent their BTC) on Gox

I think you're right. Gox hasn't exactly been communicative about these recent events, and anytime a company's name appears on a seizure warrant it takes uncertainty to a whole new level. It's a bit reckless to leave money there until things become clearer.

I'm relieved that Bitfinex is reducing their Gox exposure as I have funds with them, but it's been killing me that I can't trade these spreads.
498  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:18:45 PM
probably bitfinex will have a rooting to another exchange like bitstamp..  it's only a guess though..

Bitfinex is already routing through Bitstamp, but maybe there's another exchange coming online.
499  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 09:09:36 PM
So now I will take a rest and mind my own business in calm quietness for days, weeks or months.


I don't care if your "rpietila" persona is real or not. Our identities are mostly just stories we tell ourselves anyway, and yours is comedy gold. We may all be worms, but you sir, are a glow worm (borrowed from Churchill, I think).

Get some rest and come back soon.
500  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 04:11:40 PM

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."


I thought you made that up at first. Damn

I've seen fictitious personalties shine bright and burn out on other boards, but reptile might have the record for flamboyance and melodrama. Good show!

Edit: Do psych wards have wifi?  Smiley
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