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Basically a perpetuation of fraud, and completely unsurprising.
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Haha, maybe in the future, but have you looked at a chart for bitcoin lately?
I was talking about inflation and the devaluation of currency. And Bitcoin is not affected by inflation. If we check the Bitcoin charts, all that we will get to see is deflation, instead of inflation. Yeah, I was talking more about the general volatility. However I would completely disagree that BTC is not affected by inflation. Any time your buying power decreases, you have inflation. Can any of us say that has never happened to our personal buying power? Of course, over the long-term BTC does deflate. |
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It's a peak, there will be another valley before we go up again. But what do I know?
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Of anyone is wondering why Bitcoin would become a huge success... here is the reason:  Haha, maybe in the future, but have you looked at a chart for bitcoin lately? |
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Looks good for the most part. You should give more info about the service on the home page. Also, the alignment is a little off.
Overall, nice job so far!
Thanks, the guy who was going to help me out with some of the copy flaked on me, but I decided not to let it hold me back on making at least a soft announcement. Definitely appreciate any input and advice, I'll put a little more overview content on the front page. |
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I built a trading platform for Coinbase using in part the data I've collected so far. You can log into my platform here: https://daybittrader.com/login/coinbase/ (Requires a Coinbase account). I'm looking for early adopters only, no big announcement yet. |
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Just because he converted it into a bitcoin exchange, doesn't mean he is responsible for the aftermath.
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[...] Tokyo District Court recognized [...] and dismissed the application for the
commencement of the civil rehabilitation proceedings, and at the same time, issued an order for
provisional administration by which I was appointed the provisional administrator."
Sounds like court ordered.
So the media is wrong again?
The application for civil rehabilitation it's my understanding has been pending for some time now. The court may have recognized, but it doesn't say which party if any was advocating for this recognition. So from a legal verbiage point of view, there's no clear reason that the court wasn't simply recognizing it because of arguments put forth. That's usually what courts do, right, recognize an argument? By dismissing the application, it was just removing a prior motion that was in conflict with the court's recognition. So Mt. Gox could have easily asked for this at some point in the proceedings, due to changing evaluation... |
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I might be interested depending on the compensation. Send me a message and I'll show you some of my example work. I'm a full-stack developer that specializes in front end web clients. I'm also comfortable with either PHP or Python on the back-end (prefer Python).
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Most software patents are absurd, but I would say this is really positive news, because it means they are potentially positioning themselves to get involved in bitcoin, or to make an official single way to purchase bitcoins with Paypal without relying on a third party, which is riddled with problems. Companies like Paypal are forced to play this absurd patent war game to protect their corporate asses, it's an unfortunate circumstance but it's the only way to level the playing field and protect against unscrupulous patent trolls. Wow, the U.S. patent system is completely dysfunctional up if that patent is accepted. They are basically patenting the act of selling digital goods and currencies online. It's already well-established that the U.S. patent system is completely dysfunctional. This is not unique to the U.S. though, patent laws in general around the world have been very slow to adapt to the reality of contemporary technology, and how best to be innovative, especially when it involves software. Where once it protected innovation, now it is actually stifling it! |
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I nominate this the most overlooked story of the week.
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They undoubtably had a huge impact on the early history of Bitcoins. RIP
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I just started to notice this the other day as well. I figured since they were a BTC/USD exchange they would just establish a market rate themselves. The only thing I don't like about coinbase is you can't put in reserve buy/sell orders at a given market price. Meh, other than that I like coinbase a lot, very stable and reliable.
I've developed my own tool that does buy/sell/stop loss orders through Coinbase, it works completely for me so far, but is only prepared for small scale deployment. Anyone want to help me beta test it? |
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I updated my charts, cutting MtGox out of the equation completely for now. And, I made a new chart, comparing the sell price on Coinbase with the bid price on Bitstamp. My theory is that Coinbase is doing a heavy buy themselves at today's prices, but they began buying less aggressively about 12 hours ago, when as you can see the spread between the two tightened somewhat. All times in UTC:  |
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Now the question in the back of many folk's mind is, "I wonder if anyone is going to jail because of this?"
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Finally, certainty in the market  Here's their updated message on the home page, instead of just the blank white page: Dear MtGox Customers,
In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards,
MtGox Team |
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From mtgox.com: Dear MtGox Customers,
In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards,
MtGox Team |
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Quck update: Coinbase no longer seems tied to Bitstamp, at least not this very moment. Both the buy and sell prices are above Bitstamp's. They're either making a hard buy themselves, or are tracking to another system. Any ideas?
Will try to back my findings up with new charts, soon.
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Well, they turned the lights out. Game over, for the forseeable future  |
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