Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[podyx]

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/

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[Holliday]

I will be happy, and count it as a success, if bitcoin becomes a viable and attractive alternative to credit cards for legal international payments via internet.

I can agree with that statement if you omit legal. Legal isn't equivalent to moral and in many cases is the opposite. I'm not sure why we should judge anything by whether or not it is legal.

I agree that "legal" is not "moral" and often opposite to it.

But I am not a libertarian -- I believe that government, laws, taxes, etc. are necessary, we must fight to improve them, not to abolish them.

So what I meant is: if bitcoin will only (or mostly) be used for illegal activities, I wiill not consider it as being a success.

Not that I think that to be very likely, though. Given Silk Road and all that, I would say that bitcoin is worse than banks for those purposes...

"Balaji Srinivasan at Startup School 2013" is a glimpse of the future, in my opinion. This is relevant to your post. I hope you take the time to watch.

http://www.youtube.com/watch?v=cOubCHLXT6A

[jonoiv]

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/

it's a hoax isn't it?

[Holliday]

it's a hoax isn't it?

Gox? Yes. Gox itself is a hoax.

[medialab101]

So a huge green candle on Gox, uptick on all the other exchanges, and a few unsubstantiated claims that withdrawals have resumed. Can anyone confirm withdrawals?

[derpinheimer]

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/

it's a hoax isn't it?

Rally started before the reddit post AFAICT

[jonoiv]

it's a hoax isn't it?

Gox? Yes. Gox itself is a hoax.

:p

can people cash out or not?

[medialab101]

it's a hoax isn't it?

Gox? Yes. Gox itself is a hoax.

+1

[hdbuck]

it's a hoax isn't it?

Gox? Yes. Gox itself is a hoax.

:p

can people cash out or not?

no you can't.

[podyx]

this train done crashed already  lol

[jonoiv]

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/

it's a hoax isn't it?

Rally started before the reddit post AFAICT

if true.. are you sure it's good news?   the problem with the malleability is still there to be abused.

won't they will move their coins to bitstamp and btce to dump?

[derpinheimer]

http://www.reddit.com/r/Bitcoin/comments/1y116j/mtgox_bitcoin_withdrawals_working_again/

it's a hoax isn't it?

Rally started before the reddit post AFAICT

if true.. are you sure it's good news?   the problem with the malleability is still there to be abused.

won't they will move their coins to bitstamp and btce to dump?

No I know nothing more than you, but yes it is highly likely coins will be dumped on the other exchanges and boguht on Gox.

It seems odd for that large of a buy to be from anything but someone in the know...but, hey, look at mr 5k dump the other day.

[KFR]

are you sure it's good news?   the problem with the malleability is still there to be abused.

I don't think you understand that problem.  

Now the exchanges have all updated their custom wallets to work the way they should have worked there's no major problems facing Bitcoin.  Some exchanges e.g. Kraken were not directly affected the whole time.

[BTC5OOO]

Marks' like fuckit i tried bashing and it didn't work ...~ better just cover my short position lmfao!!! =) weeeeee

[TERA]

Did anyone actually confirm that that transaction on reddit is real (from gox), or is it just a random blockchain transaction?

[BTC5OOO]

are you sure it's good news?   the problem with the malleability is still there to be abused.

I don't think you understand that problem.  

Now the exchanges have all updated their custom wallets to work the way they should have worked there's no major problems facing Bitcoin.  Some exchanges e.g. Kraken were not directly affected the whole time.

ya fuck mining alts i'm back hashing BTC!!! =) *awesome you can still mine bitcoins!!!!

[JorgeStolfi]

[Bitcoin] may work better with "permission" from government, banks, but it doesn't need permission.

That was the common belief before China showed how easily it can be done.

I do not see how the blockchain could be maintained if the US government decided to stop Bitcoin.

Having trouble believing you're who you say you are yet don't remember how the internet grew, or more importantly what it grew from? It didn't just spring to life as we know it today.

Not like to brag, but I first used the internet in the fall of 1979, which meant telnet, ftp, e-mail and mailing-lists; and by 1993 I was already an unwelcome presence on the first prototypes of internet forums.    Mosaic was my first browser and Altavista my first search engine.  I used Google when it was still a student's project based at Stanford; I did not consider it a "risk" then, but now I see it as a huge risk for all mankind. 

( But I am not THAT old either.  The first computer that I used already had transistors, not vacuum tubes. Except for a dozen of these on the front panel: http://en.wikipedia.org/wiki/Nixie_tube )

[derpinheimer]

Did anyone actually confirm that that transaction on reddit is real (from gox), or is it just a random blockchain transaction?

Its confirmed fake. So, what the fuck did that whale just enter for?

[fonzie]

Did anyone actually confirm that that transaction on reddit is real (from gox), or is it just a random blockchain transaction?

"Freenode ##mtgox-chat ops verified it's not true and reaffirmed the Monday update."

[TERA]

Did anyone actually confirm that that transaction on reddit is real (from gox), or is it just a random blockchain transaction?

Its confirmed fake. So, what the fuck did that whale just enter for?

Itchy trigger finger - saw news and did not confirm, feared getting left behind on further price rise.