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41  Bitcoin / Bitcoin Discussion / Re: "I need BTC to X" on: July 06, 2011, 01:50:01 PM
Immanentize the eschaton

42  Bitcoin / Bitcoin Discussion / Re: At what price do you think Bitcoins will begin to rebound? on: July 05, 2011, 07:58:40 PM
I'm hoping the rebound is now Smiley
43  Bitcoin / Bitcoin Discussion / Re: CampBX Launch - Free Trades for All Bxlievers! on: July 05, 2011, 07:58:02 PM

As to two-factor authentication,  a very basic way to prevent thefts from an account would be by offering two-factor auth through a confirmation email when the user tries to withdraw funds anywhere. A slightly better (but although cheap, not free) option would be sending out texts. A slightly more expensive but still fairly cheap option would be offering a digital one-time pad dongle (much like the dongles and calculators provided by other online banks).

In my opinion the optimal solution would be automatic (free) two-factor authentication for all users using e-mail or SMS (this is likely cheap enough to be covered by transaction fees), and an optional 'upgrade' to a hardware dongle for a one-time fee/purchase.

EDIT: Almost forgot to mention this. In my opinion two-factor authentication is absolutely essential for any serious exchange that acts like a bank to some degree - and from a business perspective of view it would give you an immediate headstart in the Bitcoin exchange market, it being a more-or-less "exclusive feature".

I agree that two-factor needs to be... well... a factor. Due to the digital nature of Bitcoins and the fledgling economy that currently exists, it is going to be a target.
44  Bitcoin / Bitcoin Discussion / Re: CampBX Launch - Free Trades for All Bxlievers! on: July 05, 2011, 04:55:38 PM
I had to create a new account using the same info I had for the testnet version. It did not carry over.
45  Other / Meta / Re: Tapatalk on this Forum on: July 05, 2011, 01:38:36 AM
+1 for Tapatalk
46  Bitcoin / Bitcoin Discussion / Re: good bitcoin article on Gizmodo on: July 04, 2011, 11:59:52 PM
I think it's huge that a Howard Johnson hotel is taking Bitcoins.
47  Bitcoin / Bitcoin Discussion / Re: bitcoin economy on fire on: July 04, 2011, 11:37:14 PM
While this is indeed a somewhat positive indicator, keep in mind that different entries have different amounts of text explaining what their service or good they are selling for BTC.

Just going off of the filesize growth in terms of actual economic growth is going to be very misleading. However, it DOES mean that there has been growth in general, and that is a very good thing Smiley
48  Bitcoin / Mining software (miners) / Re: 3% faster mining with phoenix+phatk, diablo, or poclbm for everyone on: July 04, 2011, 08:47:45 PM
382 to 395, awesome.
49  Bitcoin / Bitcoin Discussion / Re: Near match with market cap on: July 04, 2011, 08:14:01 PM
I think you don't understand. That is precisely how market caps are calculated.

And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail.
50  Bitcoin / Mining software (miners) / Re: hashkill - testing bitcoin miner plugin on: July 04, 2011, 08:09:29 PM
Has anyone tried this with either a 6950 or 6970, and if so, are they getting any gains over using poclbm or phoenix?
51  Bitcoin / Bitcoin Discussion / Near match with market cap on: July 04, 2011, 08:01:58 PM
The current market cap, according to


The current number of bitcoins in existence:


96631106/6738350 = 14.34 (roughly)

Current price on Mt. Gox = $14.39

Have we reached equilibrium for now? Or should those numbers always come out that way? I'm just curious if it's coincidence or normal behavior.
52  Bitcoin / Bitcoin Discussion / Re: Vouchers - QR Codes - Mobile - Android/iOS/Open Source - MtGox Live on: July 02, 2011, 07:40:17 PM
This is something that was desperately needed in the Bitcoin community.

I'm not sure how I feel about an exchange, any exchange not just Mt. Gox, handling central processing and essentially banking duties in addition to it's normal line of work.

I think a lot of people would be happier to see this integrated with an online wallet that is essentially the same as a checking or savings account but not tied to the exchange. However, since MagicalTux and Mt. Gox is currently the only one, that I know of anyway, to offer this type of a service via their API, I applaud the efforts to get this up and running and out the door.

Great job guys!
53  Economy / Trading Discussion / Re: Gox order queueing times - SUCK !! on: July 01, 2011, 09:10:10 PM
Mt. Gox is currently having difficulty placing Bid/Ask orders in the range from $16.00 to $16.05. If your offer is below or above this range, it will typically go through in a matter of seconds.

Still waiting on MagicalTux to wake up over in Japan and confirm the possible existence of a bug of some sort.

Sit in #mtgox on IRC for more info.
54  Economy / Speculation / Re: CRASH! on: July 01, 2011, 08:14:08 PM

Umm, yes. 1: buy on mt gox. 2: get BTC deposit address from Tradehill. 3: withdraw BTC from Mt. Gox to that address. 4: sell on Tradehill.

I was kind of wondering if that would work, thanks for answering the question for me.
55  Bitcoin / Bitcoin Discussion / Re: Gizmodo on: July 01, 2011, 02:53:20 AM
one of the comments

...I know it sounds crazy, but if the people who make a living by exploiting the insecure way we currently make electronic transactions trust Bitcoin, then Bitcoin must be on to something.

I would be much more skeptical if Bitcoin was exclusively used by a group of idealistic academics. If it can survive as the currency of the underworld, then there's no reason honest people can't use it too.   

+10 for that comment
56  Bitcoin / Bitcoin Discussion / Re: MT Gox... You Can Not Control The Exchange Market. on: July 01, 2011, 02:05:52 AM
Are we sure that something didn't crash? Looking at the charts, it doesn't seem like the "halting" lasted very long.
57  Bitcoin / Bitcoin Discussion / Re: Mt. Gox - Trading Halted - How Long Can this Nonsense Carry On? on: July 01, 2011, 02:04:47 AM
Are you guys sure something didn't crash? It doesn't seem like the market was "halted" very long.
58  Economy / Trading Discussion / Re: - live mtgox & tradehill charts on: June 30, 2011, 09:04:50 PM
First off, love your site. Leave it open at work all day Wink

Another user suggested closing the window of the depth chart. I'd like to ask instead of that couldn't be changed to allow certain ranges from the current price. For example, maybe $0.50 in either direction, then $1, $2, and finally $5.

Also, agree, the more options the better, and a collapsed or scrolling view of the recent trades beyond 20 would be nice.

Keep up the awesome work!
59  Bitcoin / Bitcoin Discussion / Re: Google Trends vs Mt Gox USD: Graphs on: June 30, 2011, 06:20:00 PM
Correlation is not causation
60  Economy / Trading Discussion / Re: Sellers' Poll on: June 30, 2011, 06:05:20 PM
I did provide a reason... my gut instinct. If you don't like it, follow your own.  Wink
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