Piper67
Legendary
 Offline
Activity: 1106
Merit: 1001
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February 27, 2013, 08:14:21 PM |
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one thing is for sure, people are thinking about these things and want to see bitcoin as a regulated commodity. and a large part of this community disagrees with this philosophy. ( it sometimes feels like 'they' are trying to do this to push adoption... its no longer about making sound money, its about making money period. ) so I think a hard-fork or something similar is coming, and it will have very little to do with block size limit.
Sigh. Oh no, people are using bitcoins in was they want and not they way I want to whaaaaaaaaaaa whaaaaa. You know what would happen if a fork occurred and whatever the forkees had becomes at all successful? The same damn thing. And you know damn well that you can try to regulate a bitcoin site, but you can't regulate bitcoin. Adam, your posts have gone from amusingly inaccurate to flat-out loony bin FUD spreading. Heh, well, it IS that time of the month  |
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evolve
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February 27, 2013, 08:30:32 PM |
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IF this news is accurate (and not just a baseless rumor), I think the major effect it is going to have is increasing volatility...which is good for the speculators (like me), but probably doesn't bode well for the BTC economy as a whole (which IMO would be better served by slow growth or a steady price). If wall street gets involved, BTC will likely be traded like a penny stock resulting in more frequent booms and busts.
Really, I see this development as being bad for those with a "buy and hold" mentality...a higher number of speculators in the market means that the only ones who will profit are those who jump in and out of the market.
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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February 27, 2013, 08:31:52 PM |
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Coinlab is just a flailing failure.
They raised venture capital to do the gpu thing then got smashed by news of asic development.
All of a sudden those VC's get scared and send their MBA type suit monkeys to hold some meetings and drill the word "pivot" into the team.
They have switched around what the company actually does a handful of times now and still have not really done anything.
No trust.
I won't be using them. Gox just lost my business.
this move also look strange to me because i did knew that coinlab was for mining and stuff like that |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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February 27, 2013, 08:50:37 PM |
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Ok, so MtGox has proven itself to be fairly secure with our funds since June 2011.
And now a company is buying the US accounts to help secure them and this is supposed to be an advance?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 27, 2013, 08:51:41 PM |
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Coinlab is just a flailing failure.
They raised venture capital to do the gpu thing then got smashed by news of asic development.
source? I have been following them for quite some time and never heard of them being involved with anything related to mining... |
Bro, do you even blockchain?
-E Voorhees
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mccorvic
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February 27, 2013, 08:56:21 PM |
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Coinlab is just a flailing failure.
They raised venture capital to do the gpu thing then got smashed by news of asic development.
source? I have been following them for quite some time and never heard of them being involved with anything related to mining... The original goal was to use idle gpu power of players to mine. I don't really see a problem of a company trying to change direction once their original business model was outdated. What, do people prefer they just go ahead and stick with the idea that won't work anymore? I think that's a bit silly if someone decides to use that as a criticism. I don't know anyone at coinlab nor have anything to do with them, but I think it's in BTCs best interest that these "major" startups are more successful than not. |
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lakeluke
Member
Offline
Activity: 64
Merit: 10
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February 27, 2013, 09:04:32 PM |
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One would of thought that the advantage to using mtgox was precisely that it was not based in the USA and hence could not easily be subject to 3am arbitrary laws; I see nothing to gain from this deal other than reduced wire fees, which can be mitigated with other avenues.
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labestiol
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February 27, 2013, 09:26:42 PM |
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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evolve
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February 27, 2013, 09:35:53 PM |
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Some highlights from the link above: What, exactly is happening?
Right now Mt. Gox keeps US and Canadian customer funds in Japan and Europe, mostly. CoinLab is going to take over servicing those accounts, and move them to Silicon Valley Bank in the US.
When that happens, if your'e a Mt. Gox customer, you will be transitioned to CoinLab as your primary exchange relationship. We'll provide the liquidity for your US or Canadian-based business.
What if I don't want to be a CoinLab customer? Can I stay with Mt. Gox if I'm in the US or Canada?
We'll miss you, but you can always leave us. If you are in the US/Canada, you can't stick with Mt. Gox, though. Part of our agreement with Mt. Gox is super-strict about locale: Mt. Gox really wants to be 100% out of the US/Canada market. So as a US customer of MT.Gox, I'm no longer going to be allowed to use mtgox directly? I dont like this at all. I have used mtgox exclusively for 2 years, and I'm not interested in using some company I have never heard of, and don't have a relationship with (and that's ignoring my security and liquidity concerns). Frankly, this is bullshit. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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February 27, 2013, 09:49:57 PM |
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Some highlights from the link above: What, exactly is happening?
Right now Mt. Gox keeps US and Canadian customer funds in Japan and Europe, mostly. CoinLab is going to take over servicing those accounts, and move them to Silicon Valley Bank in the US.
When that happens, if your'e a Mt. Gox customer, you will be transitioned to CoinLab as your primary exchange relationship. We'll provide the liquidity for your US or Canadian-based business.
What if I don't want to be a CoinLab customer? Can I stay with Mt. Gox if I'm in the US or Canada?
We'll miss you, but you can always leave us. If you are in the US/Canada, you can't stick with Mt. Gox, though. Part of our agreement with Mt. Gox is super-strict about locale: Mt. Gox really wants to be 100% out of the US/Canada market. So as a US customer of MT.Gox, I'm no longer going to be allowed to use mtgox directly? I dont like this at all. I have used mtgox exclusively for 2 years, and I'm not interested in using some company I have never heard of, and don't have a relationship with (and that's ignoring my security and liquidity concerns). Frankly, this is bullshit. so mtgox is shifting the risk on coinlab ?? |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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evolve
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February 27, 2013, 09:55:03 PM |
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Looks that way.
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Odalv (OP)
Legendary
Offline
Activity: 1414
Merit: 1000
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February 27, 2013, 09:55:20 PM |
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Ok, so MtGox has proven itself to be fairly secure with our funds since June 2011.
And now a company is buying the US accounts to help secure them and this is supposed to be an advance?
You do not have to use Wall Street. You can buy directly on MtGox or .... Wall Street is for ordinary people what do not know how to secure their wallet, do not know how to buy coins. ... They will use professionals for investing their money. (to buy BTC and hold them safe) |
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Nemesis
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February 27, 2013, 09:55:56 PM |
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Some highlights from the link above: What, exactly is happening?
Right now Mt. Gox keeps US and Canadian customer funds in Japan and Europe, mostly. CoinLab is going to take over servicing those accounts, and move them to Silicon Valley Bank in the US.
When that happens, if your'e a Mt. Gox customer, you will be transitioned to CoinLab as your primary exchange relationship. We'll provide the liquidity for your US or Canadian-based business.
What if I don't want to be a CoinLab customer? Can I stay with Mt. Gox if I'm in the US or Canada?
We'll miss you, but you can always leave us. If you are in the US/Canada, you can't stick with Mt. Gox, though. Part of our agreement with Mt. Gox is super-strict about locale: Mt. Gox really wants to be 100% out of the US/Canada market. So as a US customer of MT.Gox, I'm no longer going to be allowed to use mtgox directly? I dont like this at all. I have used mtgox exclusively for 2 years, and I'm not interested in using some company I have never heard of, and don't have a relationship with (and that's ignoring my security and liquidity concerns). Frankly, this is bullshit. Totally agree. Not only that, how do they determine i'm from US/Canada? Just by USD funds? Please dont tell me IP because plenty ppl oversea use VPN for proxy/privacy. |
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evolve
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February 27, 2013, 09:58:37 PM |
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I was wondering the same thing, I joined MtGox pre-hack, so I'm pretty sure they dont have any of my identifying info (besides email). I think they started requiring passports or other ID for new and large accounts after the hack, so those people are fucked.
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evolve
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February 27, 2013, 10:07:33 PM |
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No, never really tried. I've put money in and traded constantly for two years without an ID though.
If it comes down to it, I'll just withdraw BTC and cash out in silver or gold with coinabul or similar service if MtGox requires an ID to withdraw in USD.
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evolve
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February 27, 2013, 10:12:33 PM |
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I've definitely withdrawn BTC from MtGox with no issue (or ID) on multiple occasions.
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