The argument, I suppose, is that the bots are ultra-stabilizing the markets by buying and selling with intent to only make a micro sliver of profit with no worry of fees. Their volume is so high that normal traders can't move the market. I think this view is silly. Bots can only do so much, and volume is low. This clearly isn't what is happening. Things are just slow.

I have not met anyone, IRL, that knows about bitcoin unless they heard it from me. I think that the number of people who know of bitcoin is still very low in every population besides the tech crowd.

Lower fees should increase liquidity and volume. The current action isn't completely due to the fees. Things are just slow.

I think that because they are on the edge of technology, they actually have several more realized alternatives. In the long run, bitcoin is a better system. In the short run, they have simpler methods of doing similar things. Like simple bank account to bank account transfers, and phone payment systems. I think bitcoin will beat these alternatives, but only when more fully formed.

I don't see why you are waiting for the 10th. July 28th has fees at .3%. There is nothing special about .65%.

I find it very bizarre that people are _asking_ mt gox to charge a fee. Very, very weird.

Hmm... it is interesting that they use the term "hackcrash", because a quick forum search show that I am pretty much the only person that has used it, and I definitely have first use. I just going to go ahead and say I coined the term because it makes me sound cool.

July 27th isn't that much longer than expected.

They often have embedded php 'images', too small to see. When you load the email, you call the php page with your email as a variable. This shows that the email address is active, and that the person who owns the email opens stuff from random people. This makes the address very valuable. They can then send their first waves of real spam to that address knowing that it will have the maximum effect at good addresses before it starts getting filtered. It also makes their lists more valuable for sale.

This is why places like google block images by default -- they can be used against you.

But that is only some of them. I'm pretty sure I've gotten those random emails without an embedded image too. No idea what the purpose is. To check if it bounces?

Really? Can I get a link?

Yeah. I'm sure mt gox is pretty sick of working for free. They'll make it as soon as possible.

Collectively, yes. Which is my point. The price is $14 because many of us think it should be. If a lot more were willing to buy the prices would move up, bots be damned. Same with selling.

In any case, I don't think bots are completely to blame for the price stability. A big buy, or a big sell, could still move the market.

LOL, I see now.

I don't see the problem. If you think 14.02 is a low price, buy. If you think it is a high price, sell. Never mind the bots, the market will sort it all out.

What is the problem? The price stability? Isn't that what everyone was saying bitcoin needed? Two days and you've had enough? Plus, I'm not sure bots and low fees are 100% behind the price stability.

Anyway, the fees will be coming back soon.

Well, that might also be how large markets work.

I thought stability was desired. Two days and you're already complaining?

Any client lets you make free transactions, as long as it larger than 0.01 bitcoins.

No, that's an Irish name if I ever heard one.

Liquidity is not currently their strong point. But hopefully that will change. Their order options are really great. Good enough for me to make them my primary exchange when the liquidity picks up.

Indeed. I actually am already a member, and have deposited 5 BTC.

Let's hope for $1? I think not.