1221
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Bitcoin / Mining speculation / Re: I think the Bitcoin difficulty will go down around October 10, 2014
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on: September 29, 2014, 12:47:09 PM
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I give it a 50/50 to go down/up. But if there is an increase it will very likely be a small single digit increase...
Similar to what happened on June 29th. Diff went up almost 25% and on the first few days it looked like it will drop. And on July 12th it went up 3%...
It's very likely that some old hardware was disconnected. But new hardware will probably compensate for that in the next week or so...
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1222
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 26, 2014, 06:43:43 AM
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it means the mission to infest bitcointalk and sway it into a bitcoin-negative site is working ... Jorge and the team will get their bonuses from Uncle Sam
I wonder why it turns out this way. Initially it was such a quality forum. People meant what they say and you can see that they actually think before they say. Right now, there are so many troll accounts with so many sub-quality posts. Trolls and newcomers that got burned cause they invested on the ATH in December. Now they come here and vent...
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1223
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 24, 2014, 08:02:52 AM
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So Paypal accepts Bitcoin, we go up a little bit,
I am still not convined that PayPal's announcement was the cause of this rally. The news should have had a positive effect, sure; but the rally started suddenly, rose steadily for less than one hour, then stopped suddenly, oscillated a bit and then stagnated at the current level. Those news must have taken a lot more than one hour to reach all traders and be assimilated by them; therefore I would have expected a slower rise over several hours. Ditto for the theory that the rally was caused by people taking profit on the AliBaba IPO and investing it in bitcoin. That "Back to BTC" migration (if real) should have spread out over several days. Coin buying by GABI (or some other single rich investor) would be a better fit to the chart, IMHO. So a random event that just happened to coincide with the PayPal news? That makes perfect sense... A BTC trader sees a small spike and hits the F5 key on the Coindesk tab. Stuff like this gets around in 30 minutes among big traders. I personally called 3 guys to inform them of the spike. It was all over news sites and social media well within 1 hour. And let's not forget the BTC-E trollbox. There was no possible way for anyone actively trading there to miss the news. Just remember the LTC on MtGox Facebook comment. LTC went +50% in one hour. The traders are assimilating the news today, yesterday was just a reflex reaction
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1224
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Economy / Speculation / Re: What is Value of 1 BTC in end of Year ?
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on: September 18, 2014, 02:44:39 PM
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Around $400-$350.
I think we're still in the decline that will go on for at least until end of this year.
After that I expect a very slow rebound... No rally in sight for at least 6 months.
Of course this is based on the premise that there will be no exceptionally good/bad news...
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1232
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Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange Now Open with USD, EUR, BTC, LTC, XRP, NMC, XDG
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on: September 01, 2014, 01:20:58 PM
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XBT withdrawal stuck. Ticket #31541
Was very suprised, because nothing like this ever happened to me. Until today all deposits/withdrawals were timely (I could see an unconfirmed transaction seconds after the status changed to 'sending'). Now it's been a few hours...
Hope you fix the bug soon, it really is annoying.
UPDATE:
The transaction got unstuck by your support staff. Was stuck for over 3 hours ... But not a bad response time from your support.
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1234
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Economy / Service Discussion / Re: Why MTGOX CEO Mark Karpeles doesn't get charged or jailed
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on: March 04, 2014, 12:45:18 PM
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1. Charlie Shrem is in house arrest the last time I heard. Not jailed.
2. He was arrested almost 4 months after the closure of Silk Road. It took the investigators this long to link Silk Road funds to him and prepare a case against him. Not too long if I come to think about it.
3. Mt.Gox and Karpeles are under investigation in 3 countries US, Japan and Poland.
4. Investigations take time. You can't throw people in jail for suspicion.
5. Does throwing him in jail help the users to recoup their loss? Confiscating his assets and maybe a hefty fine on top seems a more apropriate action IMHO.
All the lost BTC is a combination of 3 things IMO: 1. US Govt seizure in association w SilkRoad (it was the only exchange really used at that time after all) 2. "lost" private keys (be it incompetence or stolen by employees, or both) 3. Transaction malleability bug slowly chipping away - highly likely since MtGox used a txid as their receipt for trades I don't disagree with you in any point. These are all likely causes of their losses. But I don't see the point you were trying to make. Maybe that Mark is not to blame? He surely is to blame. He may not be an outright thief. But there is such a thing as criminal/gross negligence. So he may not be prosecuted in a criminal court and jailed. But he can most certainly be sued in a civil court and forced to pay the loses from his pocket.
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1235
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Economy / Service Discussion / Re: Why MTGOX CEO Mark Karpeles doesn't get charged or jailed
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on: March 04, 2014, 12:25:26 PM
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1. Charlie Shrem is in house arrest the last time I heard. Not jailed.
2. He was arrested almost 4 months after the closure of Silk Road. It took the investigators this long to link Silk Road funds to him and prepare a case against him. Not too long if I come to think about it.
3. Mt.Gox and Karpeles are under investigation in 3 countries US, Japan and Poland.
4. Investigations take time. You can't throw people in jail for suspicion.
5. Does throwing him in jail help the users to recoup their loss? Confiscating his assets and maybe a hefty fine on top seems a more apropriate action IMHO.
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1236
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Economy / Exchanges / Re: MtGox withdrawal delays [Gathering]
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on: March 03, 2014, 01:06:26 PM
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it's obvious that Bitstamp has a problem with its platform and it may sink soon.
I don't think the problems are coming from their bank. Their account is OK but their system is sinking...It may be the next MtGox.
Only... they are anonymous, so sueing them might be much more complicated. Which also means they are more likely to just grab any funds they still have and run. Excuse me, who is anonymous? Are you talking about Bitstamp? Their management has always been very public: https://twitter.com/nejc_kodrichttp://www.crunchbase.com/person/nejc-kodrichttp://si.linkedin.com/pub/nejc-kodri%C4%8D/47/227/299http://si.linkedin.com/pub/damijan-merlak/16/667/4a9?trk=pub-pbmapPlus you can find other Bitstamp employees on Linkedin just by searching "Bitstamp" with no problem. I really don't know where does this myth about Bitstamp being "anonymous" comes from, Coindesk always mentions Nejc when writes about Stamp, Nejc has a btctalk account under his real name which he used to post about his company when he founded it, when you open a ticket on Stamp the support agent always signs the reply with his first+last name... And for Christ sake you just need to google "Bitstamp CEO" to find dozens (if not hundreds) of links about Nejc Kodric. He probably had them confused them with BTC-E...
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1237
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Economy / Service Discussion / Re: Mark's latest message
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on: February 28, 2014, 09:20:31 AM
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http://www.mtgox.com => "Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information" Q1: By whom? Q2: Was he really worried about his staff may otherwise say something or answering questions and believing ppl would stop inquiring if he asked not to? Boy, was he really that stupid or not. 1. He said that 2 days ago. But you are right, it is his latest public message. 2. The message is basicaly saying: "Stop hammering my staff with questions they are not allowed to answer. It puts them in an awkward position." It's classic Mark. He won't say anything, but doesn't want you to get the information from someone else. Because it's very likely nobody else knows the whole story. Imagine you were an employee at Mt.Gox. But you know little about the businness details. And people keep calling you, and asking you about insolvency. You have your hands full finding yourself a new job, but the press keeps bugging you. You have also a signed NDA, and you actually legaly cannot say anything unless you get a court order. Awkward... That's why that that message from Mark makes perfect sense. It's actualy the only fully honest thing he said in a long while. 3. We know enough. They are completely insolvent. People can expect getting cents to the dollar when/if they liquidate their assets.
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1238
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Economy / Service Discussion / Re: Support a Bailout for (MT)Gox.com
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on: February 27, 2014, 09:38:40 AM
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You are talking about MtGox needs to die, but what if tomorrow same situation happens to bitstamp? btc-e?
You guys don't have any bitcoins at exchange? You guys never trade online?
Sure, i've got coins all over the interwebs (Kraken, BTC-E, Cryptsy, ...). But not enough to cry myself to sleep if I lose them all. Never more than 1/3, much less if possible. Any business that is so irresponsible should be shut down and liquidated. And the owners/operators never trusted again. I never did put any on Mt.Gox. I was late in the game and by then there were a lot more reliable/faster/cheaper exchanges around. I mean in October 2013 i got my EUR withdrawal from Kraken faster (5 hours) than a lot of people got their BTC from Mt.Gox. I just couldn't understand why people put up with them. One week for a money transfer is NOT fast. Maybe in the 80s... And if constant two-three month delays are not a big enough warning sign for you to see that the company might be in trouble. And that it might not be a good idea to keep more than you can afford to lose over there. Than, I'm very sorry, but I can't help you.
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