crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 14, 2013, 07:06:30 PM |
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Coinseeker
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May 14, 2013, 07:07:14 PM |
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We're in a severely overbought position. Odds say, it's coming back down. The longer it stays here, the harder that fall could be.
Overbought? What the fuck are you talking about. What odds? My cat could shit on some graph paper and provide more accurate TA. Pretty sure you have no clue what that word means. What's that? Sorry I couldn't hear you from all the sell...BING, BING, BINGS, coming through my speakers. Guess even the cat couldn't make your emotional rant, hold water huh? Next time, less talking and more listening and learning. Or at minimum...try not to be such a dick. BTC addy below to pay for this lesson.  |
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Coinseeker
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May 14, 2013, 07:18:23 PM |
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Great news for Bitcoin because Ripple is good for Bitcoin. |
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dexX7
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May 14, 2013, 07:20:34 PM |
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I'd really love to see that. Please do an announcement in this thread, if you start publishing somewhere else. Anyway, what's your data source? I assume you keep ChartBuddy's information.
I am currently archiving it but my /home is running out of space quickly so I need to work something out. Unfortunately, Gox returns a lot of data, most of which I don't use. I'm thinking of finding a way to strip that out (this would also speed up the generation of the chart since JSON-> Perl hash is fairly slow. Though even with that, I don't actually retain enough data. Simply having the bids and asks isn't enough, I need the actual trades also. I think I'd best work out how to do socket.io for that though. All time historical trading data is available from Gox directly. I also found this useful thread for depth data from december 2011 till june 2012. Compression/zipping does wonders. Maybe you could generate chucks of data, i.e. jan2013, feb2013 etc. I'd be very thankful, if you try to conserve your mined data in any way. There will be some day in the future, where I'll come back at you.  |
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N12
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May 14, 2013, 07:20:45 PM |
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I agree, any Ripple adoption will threaten Bitcoin because the Ripple currency is the only one without counterparty risk within the Ripple system. All other currencies have to be held with gateways. Furthermore, Ripples are required for opening accounts and performing transactions. In the longer term, there is absolutely no reason to prefer Bitcoins to Ripples if used within Ripple. Shocked by this news. At least it is not even 200k USD invested by them, so it appears to be nothing really. comes courtesy of Google Ventures (who we hear put in less than $200,000) |
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 14, 2013, 07:24:23 PM |
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All time historical trading data is available from Gox directly. I also found this useful thread for depth data from december 2011 till june 2012. Compression/zipping does wonders. Maybe you could generate chucks of data, i.e. jan2013, feb2013 etc. I'd be very thankful, if you try to conserve your mined data in any way. There will be some day in the future, where I'll come back at you. I'm gzipping everything. Mostly it's just time to add more space. |
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EuroTrash
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May 14, 2013, 07:26:01 PM |
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oh, shit. Quick, let's all go pump and dump XRPs! ok ok apart from the jokes: thanks for pointing this out. I think short term such news is bullish for both BTCs and XRPs. In fact I was trying to understand how come XRP/BTC exchange rate had gone from ca. 10000 to ca. 8500 today. |
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Quantum_Negatum
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May 14, 2013, 07:28:51 PM |
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Expect other US-based companies to make similar announcements soon. |
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Newscastix
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May 14, 2013, 07:32:57 PM |
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Expect other US-based companies to make similar announcements soon. And so it begins... |
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Rampion
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May 14, 2013, 07:33:42 PM |
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Ripple may be good for BTC in the short term, but neutral mid and long term. It's a just a p2p expression of the old banking system, with all his flaws that Bitcoin was designed to address: - Ripple is centralized
- Ripple is no store of value - XRP's are controlled (and premined) by OpenCoin
- Ripple is debt based (you are not transferring assets like in BTC, you are transferring debt)
- Ripple implies that you trust a series of gateways, which is totally contrary at the core value of Bitcoin (no need to trust any third party)
You will see that all these points can be summed up in only one word: trust; the very first thing mentioned in the Bitcoin wiki, and the very thing that Bitcoin addresses. |
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Quantum_Negatum
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May 14, 2013, 07:33:46 PM |
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Expect other US-based companies to make similar announcements soon. And so it begins... Panic time. |
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Ultraviolet
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May 14, 2013, 07:36:24 PM |
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I wonder what the Court Orders from DHS and the District Court of Maryland actually consist of.
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N12
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May 14, 2013, 07:36:30 PM |
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- Ripple is centralized
- Ripple is no store of value - XRP's are controlled (and premined) by OpenCoin
- Ripple is debt based (you are not transferring assets like in BTC, you are transferring debt)
- Ripple implies that you trust a series of gateways, which is totally contrary at the core value of Bitcoin (no need to trust any third party)
1 and 2: They claim to change this soon. 3: Wrong, Ripples are the same as Bitcoins in that respect. They are not subject to any counterparty, and they have no underlying value besides a Ripple denomination with floating exchange rates. 4: This is only the case for any other currency except for Ripples within the Ripple system, and that includes Bitcoins same as Dollars. Which is why Ripple will kill Bitcoin if it is adopted significantly. You guys need to learn a thing or two before teaching others, I keep reading all these misconceptions. |
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 14, 2013, 07:38:01 PM |
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Expect other US-based companies to make similar announcements soon. And so it begins... Panic time. I don't think so. Dwolla isn't *that* important. |
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EuroTrash
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May 14, 2013, 07:39:17 PM |
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- Ripple is centralized
- Ripple is no store of value - XRP's are controlled (and premined) by OpenCoin
- Ripple is debt based (you are not transferring assets like in BTC, you are transferring debt)
- Ripple implies that you trust a series of gateways, which is totally contrary at the core value of Bitcoin (no need to trust any third party)
1 and 2: They claim to change this soon. 3: Wrong, Ripples are the same as Bitcoins in that respect. They are not subject to any counterparty, and they have no underlying value besides a Ripple denomination with floating exchange rates. 4: This is only the case for any other currency except for Ripples within the Ripple system, and that includes Bitcoins same as Dollars. Which is why Ripple will kill Bitcoin if it is adopted significantly. You guys need to learn a thing or two before teaching others, I keep reading all these misconceptions. +1 but short term I think the Google Ventures news is bullish for both BTC and XRP. While the Dwolla news is short term bearish. We might see some action after all |
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Ultraviolet
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May 14, 2013, 07:39:36 PM |
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I don't think so. Dwolla isn't *that* important.
Dwolla isn't important, but if there's a Court Order that prevents Dwolla from interacting with Gox to US customers you can bet it will affect more than Dwolla. |
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 14, 2013, 07:41:49 PM |
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I don't think so. Dwolla isn't *that* important.
Dwolla isn't important, but if there's a Court Order that prevents Dwolla from interacting with Gox to US customers you can bet it will affect more than Dwolla. There is probably something behind this that we aren't aware of. If it was an attempt to cut GOX off from the US they would do something on the banking level. More likely someone has found a way to launder money via a Dwolla connection. |
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dexX7
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Activity: 1106
Merit: 1024
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May 14, 2013, 07:44:13 PM |
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I don't think so. Dwolla isn't *that* important.
Dwolla isn't important, but if there's a Court Order that prevents Dwolla from interacting with Gox to US customers you can bet it will affect more than Dwolla. There is probably something behind this that we aren't aware of. If it was an attempt to cut GOX off from the US they would do something on the banking level. More likely someone has found a way to launder money via a Dwolla connection. Wait all. It's not Dwolla who got shut down, but MtGox in the US:Due to recent court orders by the Department of Homeland Security and U.S. District Court for the District of Maryland seizing the account of Mutum Sigillum LLC (“Mt. Gox”), Dwolla is immediately no longer legally able to service Mutum Sigillum LLC’s account.
Edit: the email in the post mentioned on last page seems to be manipulated. Edit2: Reducing OT. |
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