I am shocked, SHOCKED to hear that people are having their money seized by Bitfloor once again.
What money seized? bitfloor has paid out BTC withdraw requests and has paid out ACH withdraw requests yesterday. We will see in 48 hours if they are paying out current ACH withdraw requests. So what seized money are you talking about? How about the money you gained at my expense by getting a preferential payout from the last 'hack'? When I tried to sell to a third party Roman specifically intervened and said that BTC owed were not transferable. Yet you were able to sell your bad debt off. No wonder you are such a fan of this failed business. Stop spreading lies. I transferred rights to the debt but the balance is still on my account. Roman didn't help, he told me the exact smae thing (a mistake IMHO). When bitfloor makes a payment, it posts to my account, I contact the buyer and forward the funds to him. You could have done the exact same thing, nothing prevented you. The fact that you lack imagination falls on you nobody else. Keep your slander to yourself. Of course this has nothing to do with your current lie/FUD. Nothing has been seized by bitfloor. BTC withdrawals have been paid. ACH withdrawals are in progress. |
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I am shocked, SHOCKED to hear that people are having their money seized by Bitfloor once again.
What money seized? bitfloor has paid out BTC withdraw requests and has paid out ACH withdraw requests yesterday. We will see in 48 hours if they are paying out current ACH withdraw requests. So what seized money are you talking about? |
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The risk for chargebacks is the same after 100 days and after 10 days
There are different reasons allowed for chargebacks depending upon the time that goes by. There are some that are allowed within 7 days, some within 75 days. Um nope. Under federal law all credit cards must provide AT LEAST 90 days from the date of the STATEMENT (which is effectively 120 days from purchase because store has no idea when customer's statement is) to dispute a transaction. A credit card issuer which doesn't is criminally non-compliant with federal law. There are some (rarer) situations where disputes can be made even LONGER after the transaction but none where the customers has less than 90 days from the date of their statement. Not sure where you get 7 days and 75 days from. |
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Where your plan fails is ...
use credit card. If price goes up collect risk free profit. If price goes down report the transaction as fraudulent.
As long as the price keeps rising the exchange likely would do fine. However imagine this exchange existed right now. When the price plummeted from $266 to $50 over the last 120 days the weighted average price of coins might be $130. The exchange will lose if those customers charge off. Not a 100% loss but a loss regardless.
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Everyone who has USD in their account is fucked. THe only withdraw option is direct bank deposit which will never work.
Why? |
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Dirtcoins don't really undermine gold ones.
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I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term. Longer term, yes, I think we're headed more solidly back over $100.
This is the 2nd time I've seen Proudhon bullish... good signs to come Proundhon continually predicted single digits for 6+ months (from about $12 onward) while bitcoin exchange rates moved in the other direction 2000%. I doubt his random predictions are either bullish or bearish but if you believe in that sort of thing well it is about the most ultra-quantum-super-bearish signal possible. His track record to date has been about -2000%. |
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ASICs have always existed.
The "good guys" not using them doesn't somehow prohibit the bad guys from using them.
Today to attack the network with GPUs would probably take $50M+. Is someone going to spend $50M on warehouses of GPUs? No of course not they will spend maybe $1M or so on ASICs and 99.9% the network.
Not using ASICs makes about as much sense as "a criminal with a gun could hurt me, so I won't carry a gun I will carry a knife that way if someone robs me, he can't have a gun and I will be safe"
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I think Rassah is correct. If it has a pilot, whether he be onboard or on the ground, it's not a drone. Though I may be missing the definition. I should look it up. Then there are no drones anywhere in active service and ever use of the definition from the media to the Pentagon is incorrect. For example this drone ...  Has a 2 man operating team on the ground (actually 6 man so they can take shifts for continual operation)  |
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i don't know what is more annoying
1) my money(i am referring to fiat) is locked with a chance not to see them for the next 3months to infinity
2)BTClooking ready to take off and my capital is locked
3)Simon doesn't bother to make a daily announcement even in his bad English.
I think you are missing the forrest from the trees. How about 4) The only possible reason for not allowing you to withdraw the BTC is he has no intention of ever giving you the BTC back. Worrying about missing a price move seems kinda silly if you never get anything (at any price) back. |
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bitfloor has already supported a maker taker model for a long time.
-0.1% fee for adding liquidity
+0.4% fee for taking liquidity
People can vote with their wallets.
If people don't and MtGox continues to rake in record profits day after day ... why would they change? People are by their actions (or inactions) saying "Yes I like this please continue".
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I don't want to be the cause of any marital problems so I will keep my hard earned Bitcoins.
(no seriously guy WTF? why should someone give you money because your wife doesn't believe in money. I mean did it make sense to you when you wrote it)
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But he made a clear exit before disappearing. So if he died shortly after its coincidental. Most people don't plan on getting hit by a bus so yes it was implied it was coincidental. Now when someone exception dies it is generally a big deal but in Satoshi case who would know. I doubt he walked around wearing a "My name is Satoshi, and I invented Bitcoin" t-shirt. |
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Hmm no coins have been released to depositors ....
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1) Roughly 30% of the first year coins have moved. Maybe he did sell a good chunk of his coins, enough to cover his expenses. If he is trying to live below the radar I doubt he is looking to buy 200 ft super yachts and trips to space.
2) IMHO Satoshi is almost certainly a group of people.
3) How do you know "he" (as in one or more of the individuals that made up Satoshi) isn't here right now just working under his/her real name.
4) People die. Not even talking about CIA black team stuff. Maybe bad luck he walked out in front of a bus and since nobody from his "real life" knew the connection to Bitcoin and nobody from Bitcoin world knew his real identity we will just see that as a founder who simply never communicates ... ever.
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Don't forget what the taxman would says. A physical store selling physical goods means respecting all the regulations that the Silk Road ignores. Is it only legal in your country to sell goods in a currency which is not the legal tender?
Legal tender does not mean what you think it means. |
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anyone tried the site yet? I'm too uneducated to click on in case my computer blows up (I do have adblocker, is that enough?) I didn't see anything malicious. It is a very basic site. Has some info on the situation but not much. If you are paranoid you should get the chrome extension "noscript" and "flashblock". Run chrome in incognito mode, with adblock plus, noscript, and flashblock. If you don't have java installed there isn't much chance of an attack vector. Still doubt you need it for this site just don't do anything foolish like give them your username. |
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I think that it probably won't go down to single digit. With the current mining difficulty, it will cost more for miner's electricity to mine them. So, miners will not sell below their electricity cost.
Well no that isn't true. Miners will stop mining, difficulty falls and eventually the cost of production can number. Price drives difficulty. Difficult never has and never will drive price. |
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Why does it have to be anything catastrophic? If it can go up 10 times in a few months, no reason why it could not go down 10 times into single digits.
Bitcoin still has no real demand other than hoarding....
I beg to differ. SR is a real marketplace, maybe not the best for PR but it is real commerce. Bitpay announced $5M in sales last month. Satoshi Dice does some significant volume. Other gambling sites have taken a look at Bitcoin, CC fraud on gambling sites is a huge revenue drain. Our small company sold almost $600K in bullion in the first quarter of this year, I have no hard numbers but I would guesstimate that all Bitcoin bullion sales combined are at least a million a month. Sure it doesn't warrant $260 valuations but Bitcoin (the protocol itself) has proven it works. VC companies have put money into companies like BitInstant and BitPay. Better companies = more demand for Bitcoins. I would find it hard to believe that the same VC dumping millions into companies wouldn't buy the crashes. It is a way to gain additional exposure at potentially better valuations. Still all the above is just my opinion. I guess anything is possible but I just don't see it happening (outside of major events like the ones listed above). I think even without the media hype, and speculative bubble (both times) Bitcoin would be valued >$10 right now. I mean that is only $110M which when you think about it for an entire planet is a pretty trivial sum. The gold in world of warcraft is probably worth almost that much (despite Blizzards rampant gold inflation). |
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Today ... they likely wouldn't. Good thing the world doesn't end today. Seriously Bitcoin today is like the personal computer in 1982. People can see the fundamental value (no I am not talking about price/exchange rates) but it is clunky and has a lot of shortcomings.  Those that want a perfect user experience, high security, large well capitalized and run companies, insurance, seamless integration into finance/forex, etc ... just wait 10 years. Bitcoin will either have that and more or be gone. I am not sure of many things but I am sure that ten years from now, Bitcoin's money supply won't be valued at ~$1 billion USD. It will be many magnitudes larger or it will be gone (and "gone" includes scenarios where it has been go marginalized into a niche most people don't even know it still exists). So the Bitcoin* can get busy busy building or get busy dying. * the developers, companies, advocates, service providers, merchants, etc that collectively give the protocol value/utility. |
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