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leemar (OP)
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April 16, 2013, 10:11:53 PM |
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600K coins x $60 x 0.5 % = $180,000 today, just in dollar denominated trade.
…… I say good luck to them
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Anonymouss
Newbie
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Activity: 28
Merit: 0
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April 17, 2013, 12:47:00 AM |
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Saw somewhere it said a number a little more than that. Need more options!
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leemar (OP)
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April 17, 2013, 01:11:46 AM |
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I least they bought a few more servers :-)
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farfiman
Legendary
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Activity: 1449
Merit: 1001
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April 17, 2013, 06:50:57 AM |
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this month over 2.5M btc x 0.6 % =15,000 btc... the value depends if and when they sell...
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"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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ManBearPig
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April 17, 2013, 07:11:32 AM |
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x2 - they take commission twice on a trade - one from the buyer, another from the seller?
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yeemartin
Member
Offline
Activity: 95
Merit: 10
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April 17, 2013, 07:41:20 AM |
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x2 - they take commission twice on a trade - one from the buyer, another from the seller?
of course! |
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porcupine87
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April 17, 2013, 07:49:20 AM |
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How much costs do they have?
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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leemar (OP)
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April 17, 2013, 11:25:26 AM |
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In one of the Reddit posts it said that they had 12 core employees, plus 22 support staff to approve accounts, almost all of whom had been taken on in the last month.
Nice business model !
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Elokane
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April 17, 2013, 07:52:59 PM |
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Does anyone know how many daily users they actually have?
I'm wondering how much of this money is just money moving back and forth.
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solomon
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April 17, 2013, 10:39:54 PM |
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So does mtgox use mtgox to sell their bitcoins?
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myrkul
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April 17, 2013, 10:52:12 PM |
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So does mtgox use mtgox to sell their bitcoins?
It would make sense. They could then make a profit on their profit. |
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leemar (OP)
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April 18, 2013, 09:15:39 AM |
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It makes sense that if they are accruing massive deposits in Bitcoins they would sell them back into the market to hedge their risk and fund the business. But unless they are very stupid indeed they will not want to risk their reputation.
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myrkul
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April 18, 2013, 03:03:42 PM |
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But unless they are very stupid indeed....
I'll let you decide on that one, you just have to look over their previous decisions. |
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