is somthing wrong with mt gox live? buy and sell orders are over 5$ but i see buys at 4.99ish  ... i had to refresh |
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is somthing wrong with mt gox live? buy and sell orders are over 5$ but i see buys at 4.99ish |
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the walls are GONE 5$ is seconds away!Its my fucking b-day  |
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where did all the asks go?  are we finally going to break up? |
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The designers finally released some more data on limitations The maximum number of Credit transactions allowed before Reset: 500
The maximum number of Debit transactions allowed before Reset: 500
The maximum cumulative Credit value allowed before Reset: 50000.00
The maximum cumulative Debit value allowed before Reset: 50000.00
The maximum value allowed in a single Credit transaction: 100.00
The maximum value allowed in a single Debit transaction: 100.00
The maximum balance allowed: 500.00
Heh, thanks D&T i read the mintchip thread and this is starting to look more like a joke to me. I'm really out of comparing points between mintchip and bitcoin, the later is the obvious winner.
their api ref. said the limit for a tx was about 16,000$ not 100$ agreed these limits are ridiculous ... now building a decentralized exchange using mint-chip seems pointless |
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It's for very small transactions, as in that's one of it's main benefits over say Paypal or Visa. It's not limited to small transactions. Obviously even if it was limited you could easily make a big transaction as the sum of many small transactions.
The design docs seem to indicate the chips will enforce a hard limit on the amount of funds which can be stored on each chip. Of course the chips aren't free either. So yeah I guess if you decide to buy 100 mintchips (at what $10 ea?) then pay a broker a fee for 100 loads on your 100 chips (will you even be able to do that, will broker's ask for detailed ID and limit one person to 1 active chip?) and hook them into a rats nets of usb cables and hub and use them to process 100x the enforced limit. I doubt many people will do that. What is the limit? Well it is closed source and the specs don't state but I guarantee a limit will be enforced if no other reason than AML. Also remember if a chip is hacked the amount of funds the central bank loses is directly related to the size of the chip (and # of tx that can be completed before blocking the hack) so there is another reason to limit both the max value on the chip and the max tx size. I never paid for a debit card or lost visa card replacements. you can speculate that mintchip will be a totally useless and costly if you want .... i think its more useful to think mintchip will be an improvement on "Chipped money", and will have some degree of success. and then we can have some fun it with it. |
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look the 5$ wall has been replaced below 5$
selling pressure is growing,
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If you wana use Mint Chip for transactions over 10,000$, go ahead. what Ya, that's right If you wana to use a cloud cluster merchant payment gateway instead of using a decentralized p2p exchange, go head. mintchip is not decentralized so what? because its like cash you can exchange it in a decentralized manner you have to stop thinking the government is out to get you... it's not out to get me, just currently incompetent. it is specifically designed for future forced updates. If you hack it to hold BTC, then your hack is gone once it force updates and coins lost unless you back up all the keys. ok, i have to agree with you, absolute power corrupts absolutely. so thank Canada, they are working WITH us! lol. they completely shit talked bitcoin claiming it was basically doomed while stealing a lot of it's innovations, making it closed source and centralized, claiming they invented something totally awesome which is in reality, a mundane portable wallet to buy a $2 coffee with, secured with questionable cert authority 1990s technology and most likely visa paywave chip junk. you mean people on their forum picking at some "flaws" of bitcoin? (this goes both way) did the mint itself directly shit talked bitcoin? all I'm saying is "COOL digital money! " this makes the bitcoin world and the fiat world come closer, this is a good thing. we all know bitcion is better,but we can't live without money... so ill take want i can get MintChip is cool end of story. |
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Pretty much the "WallMaker" wanted to push the market in one direction or the other. When pushing up didn't yield results the WallMaker took it down and apparently added added a 6000BTC ask to contribute to the already massive wall leading up to 5. If he can't push it up, help push it down.
On second thought, I think Mr. M flashing the bid wall before switching to an ask might've been a signal that he's been accumulating below $5.. Remember when he flashed a big ask wall around the $2 bottom while he had the bid walls up? yes he is playing mind games, you all confused now? fuck the walls and the greed, buy some bitcoins and send them to a girl on a webcam  |
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honestly i think we are going sideways for a very long time.
5$ wall is bigger then it seams, support under 4.5 is stronger then anyone thinks.
this will hold true for months!
and when it finally breaks, it wont be going down.
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No, no, no. Hell no. Down?  lots of asks and yet it it seems nobody is selling. I wonder where it'll go when those asks get removed? the ask simply wont be removed they are real! (unless the some crazy good news comes out) |
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any merchants that accepts mintchip can easily accept bitcoin too, because exchanging bitcoins for mintchip's USD or CAD can be automated and FREE! 0.00% exchange fee! how? P2P irreversible transactions Biatches  ! Yeah if that merchant doesn't sell anything over $5-10 Mintchip is for "very small transactions" which is still not a bad idea. Also you are assuming (lol) no fees. I doubt all these supposed cloud cluster merchant payment gateway ideas floated on their site will do free transactions. Canadian Mint provides the hardware and infrastructure, then all the middle men vultures descend and take fees performing transactions on their network to credit/debit your mintchip. They will contract this out to huge corporations for the most money possible. There's also the issue of the fine print where they can disable your chip whenever they want and make you replace it, arbitrarily reflash the firmware, ect. Oops there goes all your bitcoins, we're not liable because the mintchip was never designed for it. Sorry Still a good idea, but yeah I'd rather just find somebody on the street and trade bitcoins for cash with an open source Cryptostick with AES-256 instead of using banks, centralization, tracking, IDs.. Who is paying for all those chips that are going to be placed in smartphones? I'm sure they're not cheap. ~Bruno~ chips are cheep if they are mass produced, question is will Apple want to support it? why not just us the chips in the cloud? |
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/facepalm
Its a little early for that. one of us will be disappointed yet. In case you haven't figured it out yet, myself is the manipulator.  looks like the manipulator, got manipulated |
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any merchants that accepts mintchip can easily accept bitcoin too, because exchanging bitcoins for mintchip's USD or CAD can be automated and FREE! 0.00% exchange fee! how? P2P irreversible transactions Biatches ! Yeah if that merchant doesn't sell anything over $5-10 Mintchip is for "very small transactions" which is still not a bad idea. Also you are assuming (lol) no fees. I doubt all these supposed cloud cluster merchant payment gateway ideas floated on their site will do free transactions. Canadian Mint provides the hardware and infrastructure, then all the middle men vultures descend and take fees performing transactions on their network to credit/debit your mintchip. They will contract this out to huge corporations for the most money possible. There's also the issue of the fine print where they can disable your chip whenever they want and make you replace it, arbitrarily reflash the firmware, ect. Oops there goes all your bitcoins, we're not liable because the mintchip was never designed for it. Sorry Still a good idea, but yeah I'd rather just find somebody on the street and trade bitcoins for cash instead of using banks, centralization, tracking, IDs.. If you wana use Mint Chip for transactions over 10,000$, go ahead. If you wana to use a cloud cluster merchant payment gateway instead of using a decentralized p2p exchange, go head. If you wana microwave your mintchip with money on it... go ahead. If you wana trade 100BTC on the street for cash, go ahead! There's also the issue of the fine print where they can disable your chip whenever they want and make you replace it, arbitrarily reflash the firmware, ect. Oops there goes all your bitcoins, we're not liable because the mintchip was never designed for it. Sorry but the money in my bank account is safe right? you have to stop thinking the government is out to get you... |
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Probably, we should dip back to below $0.50, I think. No?
should I find a nice lil gif Dude you CrAzY! 8 million... not 80 million, bitcoin is right where it should be i didn't even know about bitcoin b4 it was 0.75$ how many people would have to liquidated their long term investments until we get below 0.50$ |
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Probably, we should dip back to below $0.50, I think. No?
3.5 No, no. Definitely not low enough. something like this  right and if you apply that to the bitcoin chart, we just entered the beta quadrant (top right) |
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I'm going to assume it's exactly like the Visa/MC chips where it generates a unique handshake per transaction and somebody standing 10ft from you holding a RF reader bought from ebay can steal your coins and spend them without you ever knowing.
assuming makes and ass out of you and me. ...
When a government takes control of something it tends to stop working well. Why would I want cryptocurrency issued (and regulated) by a government anyway? Isn't the whole point of Bitcoin that it is decentralized? Doesn't this remove one of the defining features of P2P cryptocurrency?
The reason i got interested in Bitcoin in the first place was that it circumvented the usual government-run banking systems.
right but who cares, MintChip isn't going to revolutionize money(it doesn't even have the potential for that), its only going to make buying bitcoins easier(which has the potential revolutionize money!) any merchants that accepts mintchip can easily accept bitcoin too, because exchanging bitcoins for mintchip's USD or CAD can be automated and FREE! 0.00% exchange fee! how? P2P irreversible transactions Biatches ! so thank Canada, they are working WITH us! |
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holy shit I'm going to record this! we can all have a nice instant replay all the way up to 8$ You got enough HDD for that? It might take a while. i found a setting 1 frame pre second |
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holy shit I'm going to record this! we can all have a nice instant replay all the way up to 8$ |
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