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Will this pump up the price of Bitcoins? Probably.
Is it any sort of shift out of the shady venture corner which eventually blow up spectacularly? Hell no.
Secondmarket - a company who makes a living providing gray market trading of dead stocks, now into Bitcoin... you can't make this stuff up.
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Besides the 50.000 ripples? I don't think there is need for anything else in that category.
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If you have Bitcoins for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.
Then you would see them in the order books... Nope. If I just have the Bitcoins in the account balance they don't show up, how should they if there is no price given for the sale? |
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If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.
Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems Well, I think not everybody who had Bitcoins on mtgox had a reason to do so. People are also lazy/reckless/stupid whatever you want to call it. |
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If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.
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Mark Karpeles
I loled, no idea why I still find it funny. |
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It's called cognitive dissonance.
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At this point in time MtGox has negative value to anyone with more than a passing familiarity of bitcoins. I seriously doubt the brand/domain/site/etc will be purchased by someone who has looked at MtGox's history and thought 'this is a high quality asset'. Then again, dotcom bubble 2.0 is on so you never know...
One word: Winkledouches. |
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What would be the motivation for the acquiring company to take on a crapload of debt/liabilities instead of just writing their own exchange and starting new?
Exactly! and taking on a load of potential lawsuits too... Nobody would acquire Gox at any price. If only it would be possible to buy them without the liabilities.  |
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Reuters: Alabama securities regulator to issue bitcoin warningThe vast majority of the complaints were about Mt. Gox, a Tokyo-based bitcoin exchange that suspended withdrawals indefinitely on Feb. 7 after it detected "unusual activity." The company is having both "security and technical challenges," according to an update on its website dated Feb. 20.
Some consumers, however, have been trying to get their money out for as long as four months, Borg said. Their initial deposits ranged from a few hundred dollars to $100,000, he said. muahahaha |
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Max Kaiser is the same kind of sociopath as Bruce Wagner, I've said this when he first popped up and this is still my assessment.
But then the Bitcoin community is full of sociopaths, of different kind and each time one of them does their thing the resulting clusterfuck is priceless to watch.
says the biggest sociopath of them all At least I'm not in the position to spread havoc. |
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Max Kaiser is the same kind of sociopath as Bruce Wagner, I've said this when he first popped up and this is still my assessment.
But then the Bitcoin community is full of sociopaths, of different kind and each time one of them does their thing the resulting clusterfuck is priceless to watch.
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It is the same data, it fits perfectly. And it uses the public misunderstanding of how quantitative easing works, purposefully ignoring excess reserves for scaremongering.
Oh and that the Bullshit chart doesn't cite any references doesn't strengthen your argument either.
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Big whoop, in a world where many people don't even live longer than 70. But most do live long than 35. This is rather unprecidented so to pass it off as routine is disingenuous. Please point to a period of time prior to 1980 where then money supply expanded 10x in any 35 year period. Please point to any time period prior to 1980 where most people could afford computers, Money in circulation =/= monetary base.
It would be like someone saying apples are red and you saying "bullshit" and posting a photo of an orange as proof.
johnyj's chart uses the same data as the st.louis fed monetary base chart including excess reserves and for all practical purposes it is bullshit. To match your analogy, it shows an apple and writes "This is a banana" on top of it. Well seeing as the charts don't even peak at the same value or point .... that seems unlikely. Maybe you assumed the chart was for the monetary base when in fact it could be for M0, or M1. It's the same data, are you blind? |
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Big whoop, in a world where many people don't even live longer than 70. Oh and nevermind the population growth and economic growth during that period. |
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Money in circulation =/= monetary base.
It would be like someone saying apples are red and you saying "bullshit" and posting a photo of an orange as proof.
johnyj's chart uses the same data as the st.louis fed monetary base chart including excess reserves and for all practical purposes it is bullshit. To match your analogy, it shows an apple and writes "This is a banana" on top of it. |
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