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rezurect
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June 28, 2013, 07:05:06 PM |
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remember seeing some fake bitcoin news in cnn ireporter or something. The Full Story links at he end of the article goes to Snowdens extradition request story. No court order image. |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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ardana123
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June 28, 2013, 07:05:17 PM |
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is this for real? it's on cnn... |
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derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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June 28, 2013, 07:08:37 PM |
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is this for real? it's on cnn... Dont intent to be an ass, but l2internet BLOGS.cnn.com Not a real article. Its fake. |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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June 28, 2013, 07:10:34 PM |
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is this for real? it's on cnn... Dont intent to be an ass, but l2internet BLOGS.cnn.com Not a real article. Its fake. Yeah, but fun though. lol |
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Cablez
Legendary
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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June 28, 2013, 07:13:08 PM |
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is this for real? it's on cnn... BTCe is not in California, not even close. Yikes what people try to pull. |
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nmersulypnem
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June 28, 2013, 07:13:33 PM |
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is this for real? it's on cnn... Dont intent to be an ass, but l2internet BLOGS.cnn.com Not a real article. Its fake. Yeah, but fun though. lol It is obviously not written by a native English speaker. There's no way it's real. But question, how did it get up on CNN Blogs? Is there spyware also on the page? |
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ardana123
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June 28, 2013, 07:14:29 PM |
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i'd be really suprised for any of the 3 biggest exchanges to go out of business...the profitability of running a popular bitcoin exchange must be enormous considering the steep trading fees they charge.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 28, 2013, 07:19:56 PM |
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I cant believe there is no panic after the walls were eaten.
But a 1.5k wall from 93 just got pulled :/
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niothor
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June 28, 2013, 07:22:07 PM |
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I cant believe there is no panic after the walls were eaten.
But a 1.5k wall from 93 just got pulled :/
No panic means that people take this fall as something normal. Which might be even a scarier scenario for the 300k guys  |
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nagnagnag2
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June 28, 2013, 07:23:16 PM |
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I cant believe there is no panic after the walls were eaten.
But a 1.5k wall from 93 just got pulled :/
EURO: 19:16:38 73.00000 1505.50000000 |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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June 28, 2013, 07:23:48 PM |
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I cant believe there is no panic after the walls were eaten.
But a 1.5k wall from 93 just got pulled :/
No panic means that people take this fall as something normal. Which might be even a scarier scenario for the 300k guys Of course is normal. It's just following the current trend - > down. |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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June 28, 2013, 07:28:21 PM |
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Choo choo, everybody liquidate his dirty fiat millions now while the bids are juicy!  |
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nmersulypnem
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June 28, 2013, 07:29:55 PM |
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i'd be really suprised for any of the 3 biggest exchanges to go out of business...the profitability of running a popular bitcoin exchange must be enormous considering the steep trading fees they charge.
You're assuming they maintain 100% capital reserves. All that money.... It's hard to imagine they would just leave it in customer accounts and not "invest" any of it in new servers, hosting, employees, software, security consulting, DDOS protection, legal services, physical security, or hell, even 30 day t-bills. The costs of running a major BTC exchange have skyrocketed along with the price & volume. High on their own success it's not hard to imagine they aren't thinking really big and trying to scale faster than their commissions can drive them. It's a race the top, after all. No one wants to trade on the #2 exchange. It would take an organization with considerable discipline and integrity to resist the temptation to borrow customer funds to scale the business when the alternative is failure. I mean hell, it's LEGAL for banks to do it - why shouldn't a BTC exchange, right? ...then boom, 50% price drop, and oops, customers try to pull out their USD/EUR, and hmm.... well, we're a little short on fiat today... Let's just put a hold on fiat transfers and let the market calm down for a couple weeks, and we'll pay everybody then. We're not bankrupt, we're just low on cash TODAY, after all. ...Then the volatility continues, some more bills come in, a few more customers cash out, and BAM liquidity crunch - Bankruptcy. ...and the first 21st century crypto-currency "run-on-the-bank" happens. Standard banks went through this in the 17/1800's and now they must PROVE their capital reserves every night to the Fed. With BTC, this is just waiting to happen. |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 28, 2013, 07:30:33 PM |
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Theres the panic! Woohoo, $92.5
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ShroomsKit
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June 28, 2013, 07:32:33 PM |
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Theres the panic! Woohoo, $92.5
I see it makes you extremely happy to see Bitcoin goes down? Kinda odd. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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June 28, 2013, 07:33:24 PM |
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Below 88.14, this market is going to be priced below a billion dollars again.
This isn't a billion dollar market and it never has been. People are painfully beginning to realize.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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June 28, 2013, 07:33:32 PM |
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Theres the panic! Woohoo, $92.5
I see it makes you extremely happy to see Bitcoin goes down? Kinda odd. Its called - this makes me money!  |
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klee
Legendary
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Activity: 1498
Merit: 1000
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June 28, 2013, 07:35:00 PM |
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klee
Legendary
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Activity: 1498
Merit: 1000
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June 28, 2013, 07:35:59 PM |
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Below 88.14, this market is going to be priced below a billion dollars again.
This isn't a billion dollar market and it never has been. People are painfully beginning to realize.
So we expect resistance there then...or no? |
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