I found this post offensive tbh.
He grew a business, and sold it for a profit, I fail to see the crime in that. He even chose to pay shareholders much more than required.
The bit about abusing the blockchain is ridiculous as well. If bitcoin can't handle one gambling site, then we are all wasting our time. I would be very surprised if he chose to convert a large amount of the profits to fiat. Erik strikes me as a long-term bitcoin believer.
agreed We'll see how much in agreement you both are when we're trading lower. The irresponsible nature of this whole undertaking is simply mind-boggling. What part of free market don't you understand? I fail to see the lack of responsibility here. You are reacting quite emotionally, so I am assuming this has caused you a loss, or you believe it will cause you a loss in the future. That doesn't change the fact that nothing wrong is being done here. |
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I found this post offensive tbh.
He grew a business, and sold it for a profit, I fail to see the crime in that. He even chose to pay shareholders much more than required.
The bit about abusing the blockchain is ridiculous as well. If bitcoin can't handle one gambling site, then we are all wasting our time. I would be very surprised if he chose to convert a large amount of the profits to fiat. Erik strikes me as a long-term bitcoin believer.
agreed |
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Even 126k BTC is crazy for such a simple piece of software which has gone nowhere for months.
It seems we think alike  . |
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350k BTC seems to be an insanely huge number.  Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy |
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Yeah that makes no sense whatsoever to me. If the company gets bought for 120k BTC, then he won't pay 350k BTC to shareholders, it should be 120k BTC max. It should follow then that less than a third of all shares is owned by the other shareholders, right? |
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Any news on the London Bitcoin exchange which has been mentioned by Max Keiser and others?
A fully professional exchange is sorely needed.
Indeed, trustworthy exchanges are essential if we want to build a decent infrastructure in which normal businesses can add bitcoin as a payment mechanism and reliably get their fiat through bitpay-like intermediaries. |
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Is this why BTCUSD is higher on Gox than on Stamp/Btce?
In all likelihood, yes. |
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I have the impression the background is blurred intentionally..One can't be certain if its filmed from Gox headquarters or this guy's workplace.
And where is Karpeles? No word from him on this issues for more than 10 days!
You call this "focus" SOMEONE ON THE INTERNET WAS WRONG, MUST CORRECT THEM..... You dont actually, you call it "depth of field" (at least in the photography world...)  His comment is actually relevant to the situation, yours is nitpicking over something that isn't even wrong. |
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I'm not going to get into this in another thread. Their press releases explain the situation clearly.
The July 4 one in which they say that operations are being resumed, but still almost nobody receives any payment whatsover? Yeah, very believable  . Whatever, we don't need to further discuss this here, believe what you want. It's not like I am totally convinced they are broke, but I don't like the way this is being handled. |
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Having money at MtGox I'm as worried as much as the last time this came up, not at all.
Finally, someone with some sense. It seems like this has become the "MtGox Speculation" forum lately. So many chickens without heads running around. Are you surprised people are worried? Bitcoin services don't have a fantastic track record of being "safe and sound", and Gox is bullshitting their customers. For me, it would be much nicer to have an official statement in which they come clean (for example saying: we can hardly process any payments right now, and we don't know when the business deals or infrastructure to provide payments will come back online. But to prove we don't have liquidity/solvency issues, we will undergo an audit). I really don't mind if the majority of my money can't be withdrawn to a bank any time soon, it's there for longterm investment/trading anyway. But a company that in all likelyhood lies to customers in order to manage perceptions, that doesn't sit right with me.. |
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Does anybody else think it would be a good idea to make this change to the lending page: display 'lending time' from combined offers as "Minimum to Maximum" instead of "Minimum"?
So for example; if Joe and Pete both offer money at 100%, and Joe offers it for 2 days, while Pete offers 60 days, then display the lending time of the offer as "2-60 days"
Or perhaps make the combined offers expandable so you can see the individual ones.
These are of course only minor things, I completely get it if they are not on top of the "to do" list.
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We have the new downtrend, guys.
3 connections
It's not down yet... (might well be so in the near future), but you shouldnt sell your chickens before they hatch. |
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Yeah, I think at the moment a price between gox and other exchanges is the most correct way to interpret the BTC price. Ideally, you would do some sort of a volume weighted average (but over which time period?).
I think that would be a mistake. A thought experiment: imagine that tomorrow an exchange announces that they are no longer allowing fiat withdrawals, though you can still do bitcoin withdrawals. The bitcoin price on that exchange would then tend to infinity, as fiat in your account there becomes worthless. Should such an exchange have any influence on the weighted average? I don't think so, not even if they have massive volume. Their weight in the bitcoin price should be exactly zero as they aren't a real exchange anymore. Ok, when the situation gets more extreme, my suggestion is not a decent model anymore. |
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Given that last week, they still hadn't processed my EUR withdrawal from early May, I call BS.
Of course, perhaps the last week was a super-efficient one, but I doubt it.
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I beg to differ -- When I was a newbie I disregarded the Gox price and only went by local exchange price. On short timescales I got burned quite badly doing that. Later I learned from my mistakes and started to pay more attention to Gox.
Right now though, things do seem to be changing -- but it's not clear yet. Bears will happily tell you to follow Bitstamp, because conveniently it is lower right now. I believe this is due to Bitfinex tying their shorts against the Bitstamp price. BTC-E has always been lower, and BTC-China has always been a follower of Gox price -- waiting for clarity on direction now.
I think right now for general purposes, the most useful would be to follow a basket of Gox, Bitstamp, BTC-E and and BTC China, with Gox making up about 80 - 85% of the basket and the others accounting for the remainder.
And as usual, trend over a few days is more important than any one price on a particular exchange at a point in time.
Yeah, I think at the moment a price between gox and other exchanges is the most correct way to interpret the BTC price. Ideally, you would do some sort of a volume weighted average (but over which time period?). The difference in price is obviously due to the lack of fiat withdrawals from gox, people are buying btc at gox to sell at other exchanges, and withdraw their fiat from the other exchanges. So this causes a positive distortion at gox, and a negative one on other exchanges, which should be averaged. |
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I've seen several reports of funds being received in the past few days.
Where? |
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How did you get them cancelled? I can't get any response other than the standard "we are working on it" template.
Just filed a support ticket with question about state of withdrawal first (had been waiting for over 2 months and my patience was running out). Then I replied to the email I got, with the question to cancel them. It was for euros though, not sure if it will work the same way for USD. |
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"mbit" will win  Sure, if bitcoin becomes popular and pricey enough, I hope some incarnation of 'mbit', 'mBTC', 'millie' or whatever gets used. USD seems to be more popular the Bitcoin, but that isn't a valid reason to use it.
That's a different thing. I just mean: if everybody uses "USD", I wouldn't use "DXUS" or something like that to describe dollars. Anyway, I am not trying to be obnoxious, just want to streamline/standardize things. |
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Why do you keep saying XBT when almost everyone uses BTC?
XBT, BTC, Ƀ, these are all the same thing and you should understand them. The one that gets used most, will win in every day life. Yeah, honestly, I think it's pretty clear which one is used the most, so having all kinds of alternatives only helps to confuse newcomers. And bitcoin is confusing enough already if you are new to it... |
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Why do you keep saying XBT when almost everyone uses BTC?
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