> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

No it doesn't. they can trade immediately. they just can't withdraw.

Just curious, why not use mtgox? You can sell 25k on there right now for more than .04

or mtgox does this also.

It wasn't neogold or whatever that guys name is. I thought it was fraud at first but it is actually someone with some trading strategy that I don't quite understand yet.

Thanks for the support guys.

I'm actually right in the middle of moving so it will be a couple weeks before there are any big updates to the site.

> 1. What happens if PayPal reverses some payments in or payments out?
This has happened once now. I'm just eating the charge which sucks so please, please don't do this.

> 2. What happens if the operator of MtGox dies (or is kidnapped or imprisoned or whatever)?
The site will still be up so you can just withdraw your funds. Or just keep trading...

> 3. What happens if someone hacks the website and finds a way to send themselves everyone's BTC balances?
Not sure. If it is a bug in bitcoind you will probably have to take it up with satoshi :)

Are you based in the US?
(I'll play when it is up)

gridecon: Yeah I'm looking into it. I'm pretty sure I know how it happened so it should be fixed soon.

The depth of market table is there now. I wanted to do something cooler but haven't had time so I went ahead and just put the table there.

Poker sites aren't illegal in a lot of places. In fact they aren't illegal in the US. It is just illegal to fund the site with a credit card and even that is about to be repealed it looks like:
http://en.wikipedia.org/wiki/Online_gambling

I think bitcoin poker will really establish the BTC.

Ok we dropped our commission. So the site is complete free now except for paypal fees.

Nice! I was going to try to get someone to do some sort of market review for mtgox.
Where is the market headed next week?

Weird I guess fopen() in php dies if the response is 500?

It seems like errors such as invalid address should just be normal replies just not "sent" so we can just check the reply string. I think of 500 errors as the server itself having an error.

I also get it anytime I send an invalid bitcoin address. Which is weird since it doesn't seem like that would effect the connecting.

Well it works 95% of the time which is what is weird

You are right I'll switch to using decimal arithmetic.

Withdrawing BTC is automated now.
Depth of market chart is a bit more useful.
Added Payment processing for web merchants: http://mtgox.com/merch/about

Occasionally bitcoind will not respond to RPC I'm calling it from php and I get this error:

Warning: fopen(http://127.0.0.1:8332) [function.fopen]: failed to open stream: HTTP request failed! HTTP/1.1 500 Internal Server Error

It happens a lot locally on my windows machine and less frequently on my linux server.

Anyone else have this problem?

Why not just keep generating them and sell them? you should be making a profit still at the higher difficulty.

oh thanks. fixed.