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Damn, that's a big red candle..
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Well that's not very subt- ALL GLORY TO THE HYPNOJORGE!
I refuse to partake in such nons- ALL GLORY HYPNOJORGE!  Haha excellent, exactly what I imagined  |
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Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.
Can we move on... Please ?!
While I agree Jorge with you in Jorge Stolfi principle, it is Jorge Jorge Jorge important to reme Jorge Stolfimber that we are morally obliged to JORGE JORGE JORGE Well that's not very subt- ALL GLORY TO THE HYPNOJORGE! |
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From bitstamp FB: Bitstamp BTC Proof of Reserves, May 2014 Dear Bitstamp clients, To reassure clients, Bitstamp regularly performs a procedure to prove its BTC reserves. On May 24th, 2014, Mike Hearn of Vinumeris GmbH, bitcoin core developer and prominent member of bitcoin community observed Bitstamps proof of reserves procedure. Reserves were proven by conducting a Bitcoin send-to-self transfer. Details of the procedure are provided in the PDF linked here: https://www.bitstamp.net/s/documents/Bitstamp_proof_of_reserves_statement.pdfIn summary, Bitstamp held 183,497 BTC its cold wallet fully covering both the clients funds held at Bitstamp and the clients funds on the Ripple network. Additionally, a financial statement audit is in progress. Best regards, Bitstamp team Cool  Yawn. Another "audit" that proves nothing, but reassures those who want to believe. At least we know the sum of the balances of all Bitstamp client accounts (if we trust Bitstamp, that is). A useful datum, although useful to what I can't say at the moment. Jorge, this is another example of you discarding information that doesn't meet your starting criterion of bitcoin = scam. Confirmation bias doesn't do you any favours. Actually, Jorge has a point - although the audit proves that they held X amount of BTC when this was carried out, the total being compared against is taken from their database, so may be incorrect, and would definitely be one of the first things to alter if someone was stealing BTC.. I'll be much happier when they implement a full (user verifiable) merkle tree proof of solvency as described here: https://iwilcox.me.uk/2014/proving-bitcoin-reserves#merkle_top |
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It's so odd how many of you waited for the price to reach 500 or so to buy back in.
I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat |
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Does anyone know where I can find videos/livestream from the Amsterdam Bitcoin 2014 conference?
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MFW I check the price for the second time today and it's still climbing slowly:  |
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This is pretty big news guys; CEX (computer exchange) are now accepting bitcoin. They are a pretty big deal here in the UK. http://blog.webuy.com/Not only that though but you can also GET bitcoin instead of cash for your old phones games etc. Most merchant adoption we see has a depressive action on the market but with this if they pay out more in Bitcoin than they get in they will actually have to buy BTC! Even if they dont they wont be selling all the BTC they get like other places. Theoretically the majority of the business could be done in BTC. EDIT: on top of that they are also trialing a store in Scotland as a pound free store and it will have Scotlands first bitcoin atm. Wow, that's great news! I was wondering when they would accept BTC as payments, once they added the option to sell goods for it I figured it was only a matter of time. I'm interested to see if it attracts customers who wouldn't normally buy BTC through Localbitcoins (due to not having a bank account, or other reasons), but may feel tempted if they can sell their (or other peoples  ) gadgets for it. |
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Bitstamp have updated their minimum order amount to $5: Dear Bitstamp clients,
On May 15th, 2014 the minimum trade amount will be changed to $5.00.
Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.
The $5.00 trade minimum will apply to both our web interface and our API.
Best regards,
Bitstamp team https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/LOL, rather than do the correct fix. Depends on your perspective. You probably have the fee escrow method in mind, right? I'm not a big fan of high frequency, low volume automated trading in Bitcoin, so the $5 min trade size is a solution for 2 problems in my view. Agreed, I think this is the solution I would have preferred - although I can see why many people would not! |
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Bitstamp have updated their minimum order amount to $5: Dear Bitstamp clients,
On May 15th, 2014 the minimum trade amount will be changed to $5.00.
Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.
The $5.00 trade minimum will apply to both our web interface and our API.
Best regards,
Bitstamp team https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/ |
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From this thread on Reddit, it doesn't sound like OK Coin will be shutting down - instead focusing more on international trade: We won't move off-shore. We have our Beijing office and plan on keeping it. However, we are currently working on our international website as well as getting everything ready to open an international exchange. An important thing to note here is that we aren't doing this out of fear of what is going to happen in China, we're doing this because we see a market that we think we can capitalize on and that we can offer otherwise non-existent services to, e.g. P2P Margin Trading. http://www.reddit.com/r/Bitcoin/comments/24rtkj/an_explanation_of_okcoins_volume/cha5zciAs with anything from "non-official" sources, take it as you will.. |
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Looks like someone tried to hack LocalBitcoins: LocalBitcoins received a very dangerous attack against the site infrastructure on Saturday 3.5.2014. For now - All user data and Bitcoins are safe;
- The site will be down for a while as the system is being rebuilt
DetailsLocalBitcoins hosting provided received a request to restart the LocalBitcoins.com website server and give access to the server console (root) on Sat May 3 13:32:27. LocalBitcoins team did not initiate this request. For now, it looks like the request was made using spoofed email addresses and other weakness in the hosting provider support system. - LocalBitcoins team was alerted about the abnormal activity when the hosting provider restarted the server.
- The attacker gained a root access to the server for ~40 minutes before the attacker was kicked out and the server shutdown.
- All data on the website server is encrypted. Manual actions are needed to make this data readable, so the attacker could not gain access to the data even when having a server console access.
It is very unlikely that the attacker gained access to any data; LocalBitcoins is still performing full investigation on the matter. - Bitcoins in hot wallet and cold wallet are safe, as LocalBitcoins runs its bitcoind and wallets on a separate server.
- LocalBitcoins team has started to rebuild the website server on fresh hardware.
LocalBitcoins team will make further announcements when the investigation proceeds and the site becomes available again. We expect to spend at least 24 hours on this. LocalBitcoins team apologizes the issues the downtime may cause to the users. |
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Bitcoin is banned by the federal government and if you are caught owning bitcoin, you pay a fine of 2,500 per coin.
So knowledge of a private key becomes illegal. Memory crime. I feel like we've been through this before.. 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0 |
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Hello guys,
I'm french, ( french forum talk about everything except coins...)
-I placed an order at 448 this morning on Kraken, and I realised that it passed while I was eating at restaurant...I would have canceled it when I see how it's going down, but it's done, my first BTC !
So what would you do if you had about 950 dollars to buy BTC? Buy now ? Wait ?
Buy. There is a high chance BTC will be priced 7000 USD by the end of this year. When the rise starts, it will be tremendous based on previous rises. I want to buy ! But when? NOW ? Because when I read your post since few hours, It seem that some of you think it could going down...around 7 am ( european time...I will sleep ;-) ) *sigh* nobody knows when the best time to buy is, and anyone who tells you otherwise is deluded or a liar - if we did, we would all be millionaires by now  If you are unsure, split up your buys to hedge some of the risk.. there's no need to buy a whole coin at once! Just remember not to put in any more money than you can afford to lose. |
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Since when did you start spreading bs talk? Have you been shorting on the last rally, butthurt right now? Jesus. Actually, from the comments on that thread and the LBC forums, it looks like there is some kind of issue. But the talk of single digits is what I would expect of Fonzie... I wonder if someones account has been compromised? |
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Does anyone know where I can find videos from the Toronto Bitcoin Expo (if there are any online)?
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It settling quicker cause of the PBoC statement...sadly I am redeemed after all the money has been made by those predicating fear and uncertainty
Just wait until the PBoC opens a wallet address of its own. Ka-boom. I can't wait to see the transaction spam they will get - "TIANANMEN SQUARE TIANANMEN SQUARE TIANANMEN SQUARE" etc |
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