OP, you're absolutely right, extremist Islam is trending. From the sectarian violence in Iraq, to AQAP (Yemen), to AQIM (Algeria), Islamist extremist in on the rise.
Even when the United States faced the combined threat of Nazi Germany and Imperial Japan it did not find it necessary to introduce a Big Brother surveillance state spying on the intimate details of the lives of every one of its own citizens. Radical Islam is nothing compared to these earlier threats, so why tear up the Bill of Rights this time? |
|
|
|
It's much more likely that they're simply broke.
How can you become broke when you were handling 80% of all Bitcoin transaction? They were making millions in profit. I don't think they are broke, I think they are being blacklisted by the fiat banking system because of US regulatory pressure due to the FinCen investigation (which was probably from a tip-off because of the failed merger and $75m lawsuit). Some banks are still begrudgingly doing business with them on a low-volume basis treating MtGox with the caution normally reserved for Iranian mullahs, Nigerian finance houses and Colombian plantation owners. |
|
|
|
|
Thanks etotheipi for the fast response. All solved now. (dc81, good info, might be useful another time).
Comment about OSX. I know little about macs as I have always used other OSs. I am just recently using a mac for Armory. I conclude that finder and spotlight are pieces of junk. No wonder there are loads of threads on the web about these two apps failing to find files (even after selecting invisible and system files and all similar obscurities). Tempelmann's findanyfile is fantastic and did the trick!
|
|
|
|
Makes me wonder if they are aware of the fact that MtGox does not let people withdraw their money from the exchange and the price there is a total fantasy.
Hey, this is Bitcoin. They will expect any amount of monkey-business to be going on! Hopefully some of their tech people will find out about Bitstamp and BTC-E and use a composite weighted average. This is commonly done in the fx world for floating currencies. |
|
|
|
|
Hmm. Reminds me of Bitstamp eating MtGox...
|
|
|
|
Looks very nice. Clean and uncluttered. But can I suggest adding a pause button to the rotating banner on the front page?
Agreed. Moving graphics like that are ok for about 5 seconds but after that I want to leave the site as it is too annoying. |
|
|
|
|
Bloody hell, fiat problems with both the biggest exchanges!
I am really looking forward to 2020 when the fiat system is being crushed underfoot by a worldwide stampede to cryptocurrency. We need the p2p fiat/btc transfer system up and running sooner than later...
|
|
|
|
What exactly does "professional" even mean these days?
In the internet age having a LinkedIn account means you are a "professional" |
|
|
|
I seriously doubt that even his detractors believe he would run off with bitcoins meant for Wikimedia.
Fully agree. Congratulations to Meni on getting this new initiative off and running. Wikipedia is number 6 in the top websites by traffic and it would be a major milestone for bitcoin to be seen there (apart from as an encyclopedia entry!) |
|
|
|
I have a feeling MtGox will soon burn to the ground...
this thread will be irrelevant,
I vote that chartbuddy move the Stamps thread now.
Why not just change the title to "Wall Observer - BTC/USD wall movement tracker - Hardcore" |
|
|
|
In theory, Bitcoin can still operate even if every copy of the old parts of the chain are destroyed. It means that to start a new node, you have to copy the directory of an existing node that you trust to be correct. This is obviously a problem if you don't have a node that you trust, and it weakens the "trust nobody" aspect of Bitcoin somewhat, but payments would still flow.
In practice, yes, if the chain became absolutely gigantic then you'd get a small number of large organisations that commit to keeping it around as a kind of public service I'm sure. Or they could sell copies of it on stacks of BluRays or magnetic tapes. Look at it this way. Several organisations keep entire histories of the web (google, archive.org, probably microsoft as well). That's a titanic amount of data too. Somehow it happens anyway.
Such a data storage storage scenario seems highly unlikely, with this kind of tech emerging: "The [nanostructured glass] allows unprecedented parameters including 360 TB/disc data capacity, thermal stability up to 1000°C and practically unlimited lifetime."http://www.southampton.ac.uk/mediacentre/news/2013/jul/13_131.shtmlIt really is transmission bandwidth, and the in-memory (RAM) requirements, for handling the blockchain which are the limiting factors. |
|
|
|
|
Got a problem with send transaction. I tried sending some BTC from Armory while the laptop was connected to a cafe wifi. Armory considers the transaction sent, but the BTC network never got it. Presumably the port needed was blocked. Any ideas are very welcome on how to get rid of the unsent transaction so the wallet shows the correct balance...
|
|
|
|
Okay, please don't cry, it was false alarm.  How about amending the thread title to not solved? Until loads of people report transfers taking less than 1 week, then the red warning flags should keep flying around MtGox. Their recent press release did not properly discuss the severe withdrawal delays which is by far the major concern for most of their customers. |
|
|
|
|
I'm looking forward to seeing these changes in action. Hope they make the 0.9 version.
|
|
|
|
Such irony. Located in the building that used to be offices for the Inland Revenue.  |
|
|
|
So think about it: You get a 400Gh/s HashFast chip @ $14/Gh That comes out to $5,600. Let's assume this magical 28nm efficiency lets it run at 100W.
At 2.5 billion difficulty, you only make $8/day, and it would take almost two years to earn back your investment
At 5 billion difficulty, you only make $4/day and it takes you almost 4 years to earn back your investment!
See the problem? While it's true that IceDrill might need to use less electricity then LabCoin today, that power cost is going to be far lower then the money they'll make though mining in the short run.
And on top of that, the money they'll make in the long run is hardly anything, compared to what they'll make in the short run.
The way things are going, I actually wouldn't be surprised to see a few TH difficulty in the early part of next year.
Correct me if I am wrong but the "Conversion rate (USD/BTC)" value which is used in this site is a constant? http://www.bitcoinx.com/profit/Since difficulty is projected to increase, and price has done the same for 4.5 years, then surely there should be a month-by-month projection of conversion rate too. A lot of mining might be unprofitable at $100 but profitable at $1000 which could easily be the case when difficulty is 2.5 billion! |
|
|
|
|
Show Posts
