GLBSE2.0 is nothing close to solid. All you need now to get access to someone’s account is their e-mail address and password. That is it!
What is not solid about that? Take care of your passwords and make them secure enough with something like KeePass. Most users on most Bitcoin exchanges have the same kind of protection. You can take your password and encrypt it exactly like you encrypted your private key if you want. I agree though that a 2nd auth with your phone would be preferable here, but I don’t think your topic’s title is appropriate, because yes, having a PW is safe if you can take care of it. Much more concerning is the question whether GLBSE now has any exploitable vulnerabilities etc., I would really like to see Patrick Strateman (from Intersango, where Nefario works too) do some penetration testing like he did with other exchanges if it hasn’t yet happened. |
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The bottom line is that owners want to hear how Bitcoin will benefit their bottom line--more customers.
It won’t. End of story. I would much rather focus on the sectors that have no other choice than Bitcoin, like Silk Road for example. |
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This is not their fault, this is our fault.
Clearly there are not enough people who pay with Bitcoin to make it profitable for the restaurant to accept the currency. Too much hassle for close to zero benefit.
I agree. Regular merchants aren’t the way to go anyway, Bitcoin doesn’t offer much to them without a strong network effect. There are people who benefit from or applications that CANNOT work without Bitcoin, we should look out for those. Agree with BubbleBoy too. It’s wasted energy. |
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At the amount of risk I was suggesting, BTC would have to drop to almost in half to liquidate a position. That'd be a hell of a dip! (I don't understand why people try to max out the account on a position, it's asking for trouble)
Funding account w/ 2K @ 10:1 = 20K Tradable, use 2K/BTC-ask=risk amount. You can handle much more than a 6% drop this way. Then you simply wouldn’t be leveraged 10:1. It’s just the ratio of your reserves and the margin you use for your position, nothing else. You can’t use margin as a reserve on your account. The leverage setting only determines your maximum allowed leverage. Correct me if I understood something horribly wrong. |
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I sense an incoming rally.
with your psychic powers? the rally has been happening for awhile now... i'm expecting it to top off soon actually. the push to $4.95 and then subsequent retracing back to the support at $4.84 is kind of scary. scary with all that bid on book? lol, you sissy. Well, he is "highly leveraged". I would always be scared if I was a Bitcoinica gambler. |
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The 10:1 leverage option doesn't allow for the size account you'd need ($2k max)
Yes it does, you can create as many accounts anonymously as you like. The problem is that there is a near 100% chance he will get zhoutonged and lose all his funds on a dip down (you get liquidated at maybe 6% down from your base price). I think taking a big very long-term loan in Bitcoins is a bad idea too, I can’t imagine there being any way to hedge against a price rise efficiently. |
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I get paid $70 a day to ride a waxing machine around the store in addition to sweeping floors. Yawn. Combining this funding with my Bitcoinica speculation -- life is looking far too easy.
Because your parents still pay for your rent and most expenses? How about you answer, Atlas? I would still say "Atlas has no life experience" and "is a lazy, spoiled brat" if that is the case. |
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Why? Are you a gold bug?  |
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Not completely, you can divide it by 10 and see which capital the owners at least have on Bitcoinica, unless this is caused by some kind of bug.
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zhou, I hope the huge askwalls are fake.
Yay leverage! Short sell all the Bitcoins x10! HAHAHA. It’s on the bids now too. |
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I thought this was a bad idea at first because you’ll get downvoted, but I actually like the idea of internet prostitutes now. |
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The thread was a good idea to discuss leverage when it was made, but I guess I should not have underestimated Atlas’s stupidity. Now it turned into a contrarian indicator. My guess is that Jon is shorted with high leverage to around 4.20 and is just goading people to attack his fake bull position.
The bid curve is so flat immediately down-side of the monster wall that I don't see how anyone can take this as a genuinely bullish state of affairs.
You really believe in Atlas’s sanity? I’m pretty sure he doesn’t have the ability to be sarcastic or use reverse psychology. He believes what he just said. He also is probably fully aware of what he is doing when he posts such a position. His long looks too small to me for anyone to bother stop hunting though. If he shopped it, wouldn’t he make it so much that it was worthwhile? |
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I bet you this is because of the image damage they are suffering due to https://bitcointalk.org/index.php?topic=73385.0 Now they are trying to lure people in with cheap fees like zhoutong did with a zero spread. IMO it won’t make the market more volatile but less volatile because market maker bots can trade smaller fluctuations. |
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Bitcoin is so doomed long term. Oh well, there goes my time and money investment.
Why would Bitcoin be doomed? You forgot this is a free market? You forgot you can choose any exchange of your liking? People are acting like MtGox is some kind of central bank while they themselves choose to use it, and then they bitch about it and proclaim the end of Bitcoin instead of boycotting it. The fuck is wrong with you? |
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^ No, they do. Also they are not even rules. arepo, is this the secret rocket thing again?  It didn’t work out so well the last five or ten times. |
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Matthew, is it not obvious? If he were to admit, he would be permabanned, although I guess there is already more than enough evidence.
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Honestly, I would not take him seriously at all. It is impossible to create such a trading racket in a way that everyone trusts the other, and no serious investors would take part in it to gather enough funds to set up a 40k bid wall. It is also too risky to profit off such a method longer term (market doesn’t fall for walls eventually). So, S3052, I guess your update was bullish? |
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WINNING.
If by "WINNING" you mean retarded, yes, you are Please don’t insult retards like this. |
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Here is my final statement on this matter: Let me provide the history of moderation on this forum and Speculation as I experienced it: Until summer and the Forum moderation policy (which ironically many objected against in the beginning, too), there was hardly any moderation at all by the few Admins. One year ago, even Silk Road could post on this forum and advertise its business. Now as the market went parabolic and the forum became crowded with spammers and trolls, the situation was hardly sustainable anymore, so finally, volunteer mods were promoted and instructed to take care of it. It was also an effort to combat the image it gave to people (for example businessmen) who were repelled from Bitcoin due to its community. The image damage went so far that the Bitcoin Forum was removed from the bitcoin.org domain and on the frontpage it now links to a Google search to distance the project from this forum. Most often, the spam and trolls consisted of people who liked to create threads consisting of "CRASH SELL SELL SELL"; this is indicated in sirius’s second point. As a reaction to the crap that persisted to plague the forums, the Speculation section was created in July to contain it. Here is one of the oldest threads exemplifying this well: https://bitcointalk.org/index.php?topic=28317.0So, here we are now, with me appointed to take care of the recently neglected Speculation forum. As I have stated, I fully intend to keep intact the lax and laissez faire style of this subforum, and having you (Mushoz, I’m looking at you) judge it after two days and hardly any moderation at all is inadequate. If you think threads such as "dont buy a damn single bitcoin few days" are of necessity for free speech, there are plenty of other Bitcoin forums in competition. In case enough people deem the policy bad, discussion will move there. |
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