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Also the network provides more than transactions. It acts like a nearly unlimited number of secure vaults.
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I did this again and this time I got the bonus, but it went back to the address I sent from! That needs a warning for sure.
To be clear, only the bonus went back, the principle is landing in the destination address now.
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Mathematicians overlook that computation is bounded by Physics. Computer Scientists lament it. Cryptographers depend on it. -- Nyhm
(Is it pretentious to quote my own proverbs? Is it tactless to jingle my proverbial tip jar?) 1NYhM2pzT6PDfZyXbyFm3dVcoob4phrGc5
Usually yes, but that one is ok. |
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Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??
Makes a little sense. He hears about bitcoin, super excited, excited enough to realize he should open his goddamn mouth until he has all he wants. Timing works for that. Did he get his funds unfrozen in a first place? I don't know, but we're talking 1 million. Maybe he found it in the cushions of a really big comfortable couch. |
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Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??
Makes a little sense. He hears about bitcoin, super excited, excited enough to realize he should open his goddamn mouth until he has all he wants. Timing works for that. |
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Do you think taking out the gambling aspect (e.g. Bitcoinica) has to do with the soaring prices?
BINGO! Bitcoinica if it was done well, and worked as was intended would have been a nice stabilizing factor in the bitcoin world.. But it wasnt.. clearly, and all it was, was an indicator and a tool to be abused, and abused it was.... heavily, suppressing the price artificially, and having mad mad mad algorithm failures, which in turn caused mass panic selling. I for one am thankful its toast.. but I feel for all the people waiting on coins that Bitcoinica has stolen. Yes.. I said STOLEN.. Right, because a bucket shop was going to suppress the value of the best money ever created. |
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It is very encouraging that this is not media-fueled.
Yeah, maybe the media will pick it up when we top the old high. |
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Slowing down is difficult due to the momentum but remember that this is still nothing compared to what happened last year. I feel there won't be a bubble of those proportions again.
The price might rise to those proportions and beyond of course but it isn't necessarily a bubble when it does.
I do agree that stability > price getting heavily overvalued. I don't think that it is overvalued yet though.
Yeah, it was truly insane last summer. I like to look at the all time Gox logarithmic chart for perspective. The slope (on a log chart!) is really steep. Compare to how flat this current liftoff from $5 looks. http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zvzl |
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Not to be a conspiritard, but maybe they are actually telling the truth and only a few percent of withdrawals got delayed?
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Myriad has been getting Martingaled!
With the current limits and starting at .01 there is room for 10 doublings.
For the small wagers the fee is just 1%.
I am willing to temporarily raise the limits too, I just don't want to leave too much exposed permanently since the site is only lightly tested.
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On July 4th (America day, lol) you could buy around $6.50, now a million dollars is willing to sit at gox trying to get coins for $7+. It's on imo.
Good thing you bought coins right?  What would I buy them with? I only have coins. |
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I wish someone rich sold 30k BTC into his walls.
So do those walls imo. That's like a big flashing message that he'll make it worth your time to dig those keys out of storage. What would you do if you wanted to buy a half mil worth of coins right now? Gotta get the word out. |
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On July 4th (America day, lol) you could buy around $6.50, now a million dollars is willing to sit at gox trying to get coins for $7+. It's on imo.
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users ~= [days since block 0]^1.6
More precisely it's [days since block 0]^1.6180339887  Lol, I'm such a dummy, how'd I miss that. It's so obvious. |
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I played around with "bc", the arbitrary accuracy calculator command-line app often used from shell scripts to do calculations, to try to figure out how much a certain percent per day would be if implemented as compounding per second so that I could use unix dates (seconds since the epoch) conveniently to compute interest to the second. It turns out that calculator seems to maybe use a loop; 1.01 ^ 86400 is not a swift calculation.
I wonder if it would suffice to use hours, with any loan period being taken to be at least one full hour even if paid back before the hour is up?
Using hours and eight decimal rates (though 16 decimal calculations) I found I can get pretty close to one percent per day by setting the rate per hour, compounded hourly, to 1.00041469.
100 * (1.00041469 ^ 24) = 101.0000167764657900
One percent per day seems to be pretty much the common ceiling on interest rates lately when compounding is per whole day rather than per hour, minute or second so I am not sure whether it would be better to just use whole days, or maybe min (1, seconds div 86400), as the compounding period.
It seems offhand though that for loans that might last only a few days compounding in days instead of hours might be too "chunky" (insufficiently "granular").
-MarkM-
I don't know if it helps for what you are doing but you can approximate compounding by the second with the continuous compounding compounding formula. http://en.wikipedia.org/wiki/Compound_interest#Continuous_compounding |
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How much interest are people likely to want on loans when they know the loan is going to be used to try to drive down the value of that which is loaned?
-MarkM-
That doesn't seem right. The borrower will have to buy back just as much as they sell. |
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Is anyone else getting to a point where the speed is negatively effecting there usage of the website and thinking about switching to API only or switching exchanges completely?
Every task is taking 10+ secs and I find myself not doing trades because of the amount of time required to do what I want to do.
I'm worried he is sacrificing the performance of the site and the "user experience" by allowing the use of the API right now.
I know the big guy is behind the great firewall right now, but this really needs to be addressed with a timeline of possible fixes.
Also I really hope someone has told the big guy about current security SOP for bringing laptops and phone in and out of china.
I have to click and go do something else and come back later to see if it accepted my request to do something or see another page. This can't be caused by legitimate usage of the current userbase, it is constant and way beyond what a few thousand people should be causing. I'm a total noob, but I think it's loading up and even calculating data that it doesn't need to on every page load. Why does it flash me a huge list of previous trades(?) all the time and then not even show that after the load is finished? I hope it gets fixed soon, I don't see an alternative. |
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I did get the bonus 11 confirmations later on the 3BTC, but when I did 120BTC I haven't gotten the extra .5% after 60 confirmations.
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I have been in touch with MTGOX and they claim that the address that my withdrawal request was paid from was not one from mtgox's wallet. I find it hard to understand how that is possible.
It's possible the coins they sent you were 'change' from a previous withdrawal they made to someone else, and so they don't see the address in their wallet. That doesn't mean they don't control the address however. And so now they claim the coins that were returned is not in their possession. Is that possible ? What are your views guys ?
The coins they sent on your behalf probably either came from a change address or somebody else's deposit address. In the first case they should still have your coins, but in the second case they will have been seen as a deposit by this other mtgox account holder, and may well have already been withdrawn by him. I don't see how mtgox can claim that they don't control the address from which they made your withdrawal however. That sounds impossible to me. I don't see why Gox would do this but you could conceivably have a third party handle your hot wallet and in that case the coins would go to the hot wallet handler. As annoying as it is it doesn't seem like Gox' responsibility to sort that sort of thing out. Ohh, I just saw it was 17 coins, good luck. |
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