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521  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2014, 08:01:16 PM
Now that Gox BTC are soon to be as valuable as Gox Dollars, we may see the gox/stamp difference narrow even more.
522  Economy / Service Discussion / Re: MtGox might be own by the NSA on: February 03, 2014, 01:20:35 PM
MtGox security feature ask you to use Google Authentication.
We all know that Google is the NSA in disguised.

There is a high chance that MtGox is own by the NSA as well.
Need volunteers to check on this.

MtGox is currently playing games with me right now. My account with them is already verified, they want me to do another verification process known as an Apostille. Not sure if their team is incompetence or just stupid.


Wow... OP is a clueless jerk. Just because you randomly think something, it doesn't make it true.

Look at RFC6238, but perhaps you won't because facts just cloud your opinions.

http://en.wikipedia.org/wiki/Time-based_One-time_Password_Algorithm

I agree that you should stay well clear of Gox, but not for this reason.

Ignored
523  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2014, 09:04:58 AM
I can't believe people now actually start dumping. Wtf? There is nothing but positive news. Day after day. And what do they do? They start selling.

Perhaps the people who helped create the support at $770-$800 are now selling to stop rally, they want to hold the price in this range to remove the Bitcoins perceived volatility weakness.

You can already see in the press articles about it.
http://www.businessinsider.com/bitcoin-volatility-slows-2014-1

Perhaps another objective is to let the fear subside and avoid a capitulation, several million dollars dumped would damage the market considerably and take us back to a few hundred dollars, but this dwarfs the holding of many people (there is several billion $ of bitcoins out there).
I think many large holders now have a real desire to prop the price up.

524  Bitcoin / Bitcoin Technical Support / Re: wtf? i woke up and it says my bitcoin got sent to some one's address on: February 03, 2014, 08:14:14 AM
I'm sorry for the OP's loss.

I would say if you have more than 5 Bitcoins, buy a cheap laptop (second hand if you like) and dedicate it to storing your Bitcoins, and nothing else.
You can use Armory for signing your transactions with an offline computer that never touches the internet.
Every online Bitcoin service should be using 2FA, if they don't have that facility, then don't use them.

Holding 5 bitcoins, your cheap laptop is only going to be 10% of your Bitcoin worth, and you will be almost guaranteed security (unless someone breaks into your house whilst you have your wallet unlocked).

Until something like Trezor comes along people need to take serious precautions.
I wouldn't walk around with the equivalent of 10bitcoins in the leather wallet in my back pocket, and people shouldn't put Bitcoins in a internet connected computer that you do lots of other things on.

Come on people,  it may be virtual money, but its not virtual pain when you lose it. 100's of people on this forum can help you with securing your Bitcoins, pull you finger out and do it properly.


525  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2014, 11:56:07 AM
this is crashing


Every one of your posts is anti-bitcoin or pro-ripple, you don't even say anything funny... ignored.
526  Economy / Speculation / Re: Another MatTheCat Near Term Price Prediction. on: February 01, 2014, 03:43:03 PM
If Mat's rampers hold the price in a channel until we are ready for the next rally, (based on the next chunk of very good news) the bears are screwed.
If they ensure we never get cheaper coins, bears will have no choice but to re buy at a loss.
It really depends on how deep the pockets of these rampers are, and if they are deep, now that they are committed to this course of action, they can't let the price fail and give the bears a chance to avoid their capitulation.
Several million dollars is probably enough to hold this price, they support a level, say $780, and on days like today offload some of those cheaper buys for a little profit. Thus holding the price in a channel. They are probably even making money.
527  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2014, 03:19:05 PM
http://thegoxreport.com/

Lines are going down... is this good? Thoughts?

4 days here, still no sight of my munie  Cry

Mine was 6 days.... hang in there Smiley
528  Economy / Speculation / Re: We might not see cheap Coins anytime soon thanks to BTC China on: January 31, 2014, 08:20:40 AM
As usual people who probably can't read Chinese are making interpretations of the statement using the the google translation.
Thats just crazy, the exact meaning is lost in the translation. And thinking you can use the subtle differences in English words to extract the underlying meaning of the PROC, when those are not the words they used, is foolish. Smiley

http://www.chinatranslations.com/risks-of-machine-translation-in-Chinese-to-English-and-English-to-Chinese-translation.html
529  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 06:36:51 PM
faking the volume still means collecting fees for BTC China if that is what they are doing.  In my opinion faking the volume is still not nearly as bad as not being able to get your money out, like at Gox.

Funny how all this is occurring 1 day before the Jan 31st doomsday that everyone was talking about
Not really. This asshole is paying the fee to himself.
Quote
Maker-Taker fee structure. This new innovative fee structure will maintain a small 0.3% commission for traders, while rewarding market makers with a rebate. (The reward is effectively a “negative” commission, for market makers.) In summary, our company will still not be making money in commission revenue, giving all the benefits to our customers.

It is jan31st in China.
530  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2014, 04:17:49 PM
And todays word of the day is "apophenia"

Apophenia /ćpɵˈfiːniə/ is the experience of seeing patterns or connections in random or meaningless data.

This thread clearly teaches us things beyond locomotive journeys to celestial satellites and mammals of the family Ursidae. (bears)
531  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 28, 2014, 11:58:22 AM
I must be missing something here about risk, amongst other things reward should be based on risk.
Can someone explain to me what risk the developers/founders are taking?
Or is their reward simply based on the cool idea they have had.
532  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2014, 08:31:49 PM
http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR/Faiella,%20Robert%20M.%20and%20Charlie%20Shrem%20Complaint.pdf

Its a long read but looks like they have a number of what shrem thought were secret emails. Also worth noting they had search warrants back in Feb 2013.
533  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2014, 05:04:25 PM
Lesson learnt.... always have some fiat ready Sad
534  Bitcoin / Bitcoin Discussion / Re: would you accept stolen bitcoins? on: January 27, 2014, 04:26:47 PM
Lets say I have 1 bitcoin that the 'system' recognises as stolen, I then send 1 satoshi of that bitcoin to every known bitcoin address that contains any coins. Then the whole black listing system breaks down.

The intention is good, like a benevolent dictator, but it breaks one of the core principles of bitcoin, it centralises control with some authority. That authority is vulnerable to corruption.

It must never be allowed to happen.


535  Economy / Speculation / Re: January 31st, the Downfall of Bitcoin on: January 26, 2014, 09:52:43 PM
A little more rope... He's nearly there Smiley
536  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2014, 04:27:13 PM
If you have a failed BTC withdrawal from gox check here
http://skanner.net/MtGox/mtgox_tx.php

There are a number of reasons for the delays.
 I had a 6 day delay on a farily large withdrawal just after christmas, but in the end the transaction gets deliberately double spent and a new transaction is created.

Apparently it works more reliably if you keep withdrawals below 50btc.
Very annoying but BTC withdrawals do eventually get completed.
537  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2014, 05:04:59 PM
DIE mining is possible using A-SEX miners, after you turn it on it takes 9 months to mine a block, you can cash it in straight away if you are a bastard, or get let it mature for a number of years.
538  Economy / Economics / Re: HSBC restricting cash withdrawals in UK on: January 25, 2014, 04:19:31 PM
Legally... Legally... None of this is legal, there is no case law, there is little statute. even if sued, banks rarely go to court they get very good lawyers and tie you up in knots and possibly, much later, offer a settlement.

Ownership doesnt change when you put money in a bank, 'posession' changes.
All you armchair lawyers make me laugh.

Like everything now its just safest to stay under the radar, withdraw amonts below trigger values and behave yourself... Just like they want you to do.
539  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 25, 2014, 01:32:52 PM


I made my first purchase of gold and silver recently. With crypto earnings, lol. Got a good price just before it went up a bit. My question to you all is how likely do you think it is that gold will go to 1000 or 800? I want to pickup some more but at cheap prices...

800: Not happening.

1000: Very unlikely.

If you want to pick up some at cheap prices, you have the perfect time right now - calculated against the amount of fiat available, gold was probably never cheaper in the history of mankind. Also, it's rare you get the opportunity of buying an asset below/at its cost of production.

The opportunities on the upside are immense, the risks on the downside are relatively low by now.

Can you let us 'in' on your calculations?  or was it an overstatement. Smiley



540  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 06:08:51 PM
sequence of higher highs and higher lows today.  this is called an upward trending channel
Chart please

Look at a 15m chart of stamp on bitcoinwisdom

http://bitcoinwisdom.com/markets/bitstamp/btcusd
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