LMGTFY
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March 16, 2014, 05:01:33 PM |
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As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think.
But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved?
That's not really a "fact", more your opinion of what other people may think. I'm interested, just mindful that there's likely going to be a long wait before before we have any news.
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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 16, 2014, 05:25:52 PM |
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Is it my impression, or has there been a general clamp-down on discussion and analysis of the MtGOX heist and its leaked database? It's just your impression and, more generally, the impression of Bitcoin bears. People who have a predisposed opinion that Bitcoin is a bound-to-fail concept thought that the failure of Mt.Gox was proof that they were right. They assumed that Bitcoin would have gone to zero by now and that we would all be constantly talking about it. People who are optimistic about Bitcoin's future don't find the Mt.Gox drama that interesting. As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think. But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, to me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved? I would NOT let what some bitcoin users say signify the whole of the bitcoin community. Surely, there is NO consensus concerning the impact of Gox and the extent to which the GOX findings are going to continue to influence bitcoin beyond GOX... surely some bitcoiners are wishing that GOX would go away... but so what? There are going to continue to be aspect s of the Gox matter that will ripple into the bitcoin space b/c of the extent of it and b/c the story is still lacking in clarity... and accordingly evolving. NONETHELESS, I have the sense that a lot of the major and uncertainty aspects of the GOX situation is contained, and the worst of the GOX situation has already been absorbed into bitcoin prices.... and maybe that is why we are getting stagnation and seemingly slow upward movement rather than getting an upward spike in BTC prices.
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FullLife
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March 16, 2014, 05:26:40 PM |
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News of overall positive changes from Bitfinex today: Dear Customers, In our ongoing effort to deliver the very best in cryptocurrency trading, Bitfinex is pleased to announce several changes and enhancements that will be effective on March 15th 2014 at 24:00:00 UTC. New Commission Structure: We have decided to adjust the commission structure to reward traders that “add liquidity” to the order book. This so-called “maker/taker” pricing strategy is a common feature in capital markets around the world and we believe that implementing such a strategy is in the interests of Bitfinex and its traders. We consider this change to be somewhat experimental and we will act quickly to make any necessary adjustments should it prove to be disruptive. The new fee structure will be as follows: BTC/LTC Executed in Last 30 Days ******** Current Fee **** New Add Fee ***** New Remove Fee Less than 500 *************************** 0.15% ********* 0.10% ************ 0.20% 500 or more, but less than 2,000 ************ 0.14% ********* 0.08% ************ 0.20% 2,000 or more, but less than 5,000 ********** 0.13% ********* 0.06% ************ 0.20% 5,000 or more, but less than 15,000 ********* 0.12% ********* 0.04% ************ 0.20% 15,000 or more, but less than 25,000 ******** 0.11% ********* 0.02% ************ 0.20% 25,000 or more ************************* 0.10% ********* 0.00% ************* 0.20% Please note the following: Our highest applied fee (0.2% for liquidity removers) is the lowest in the market. Traders in the top tier trade commission free when adding liquidity. This change in pricing structure is designed to be revenue neutral to Bitfinex on an average per BTC basis. We will be revisiting the 30 day volume brackets in the coming weeks in an effort to create a smoother tier system. New Banking Fees: We have resisted making changes to our fiat banking policy, but we can no longer continue to absorb the increasing costs of maintaining multiple banking relationships around the world. As such, we are imposing a 0.10% fee on all withdrawals and deposits, subject to a $20 minimum. These fees are still amongst the lowest in the industry and we believe that this new fee structure represents a sustainable fiat banking model as we continue to grow. We are also proud to be one of the fastest platforms in withdrawals, with an average waiting time of 2.37 working days for our customers. This will remain unchanged. Express withdrawals fees (within 24 hours) will stay at 1%. Removal of Notify Option: The “notify” feature available when placing orders or liquidity offers is being removed as it is almost never used and doesn’t actually work very well in certain circumstances. We are, in general, always looking to simplify our interface and prune features that no one uses or may no longer be relevant, paving the way for us to add new features to a clean and uncluttered interface. Removal of Swap Insurance Option: We are eliminating the swap insurance options for traders offering liquidity. The model of an insurance “pool” only works if the pool size is significant relative the size of the swap market itself, which, at ~$54k it is not. Change in Swap Policy: Another reason for removing swap insurance is that we have decided to effectively insure all swaps on the platform. Our order book depth and increased volume over the last several months has created an environment where we are comfortable in managing the risks associated with forced liquidations. Although we have a greater comfort level, it does not mean that such insurance is not without risks to the firm’s reserves. As such we are increasing our fee on the swaps from 10% to 15%. We believe that this is a small price for liquidity providers (instead of the previous 30% insurance option) to have greater certainty and comfort during times of increased volatility. Change in Claim Position Feature: In an effort to create greater interoperability between swap and cash positions, we will be allowing greater flexibility in the “Claim Position” feature for open swap positions. Previously, this feature allowed a trader to convert an open swap position into the underlying cash position only if the open P&L in the position was in excess of the swap balance, which essentially limited the use of this feature to positions with enormous positive open P&L. Going forward, this feature will also check for any excess balance in the trading wallet, effectively allowing a trader to “de-lever” their swap into the underlying fiat and cryptocurrency balances, provided, of course, that the trading wallet has sufficient funds to allow for this. This change will be particularly useful for traders would normally prefer to trade on the cash exchange, but are waiting for additional funds (wire transfer) to credit before they can trade. Now that same trader has the ability to temporarily trade on a leveraged basis and subsequently “de-lever” the position when the funds are credited to the account. This change will also allow traders to “fix” their positions, who may have inadvertently opened a position in the trading wallet instead of the exchange wallet. Please note that cost of using this feature (trade commission on underlying position) remains unchanged. Best regards The Bitfinex team Regards, The Bitfinex Team https://www.bitfinex.com/
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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March 16, 2014, 05:39:18 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute
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octaft
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March 16, 2014, 05:46:26 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute He likes beer so much, he even drinks beer-flavored water. That's hardcore, man.
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billyjoeallen
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Hide your women
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March 16, 2014, 05:49:29 PM |
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Is it my impression, or has there been a general clamp-down on discussion and analysis of the MtGOX heist and its leaked database? It's just your impression and, more generally, the impression of Bitcoin bears. People who have a predisposed opinion that Bitcoin is a bound-to-fail concept thought that the failure of Mt.Gox was proof that they were right. They assumed that Bitcoin would have gone to zero by now and that we would all be constantly talking about it. People who are optimistic about Bitcoin's future don't find the Mt.Gox drama that interesting. As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think. But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, to me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved? What is wrong with you? I think your cynical view of people is psychological projection. Yes, there are bad actors and yes the scandal may implicate other players. We do want to know what happened but we're burnt out on this story. You on the other hand can barely conceal your glee that this tragedy happened and your hope that the damage spreads as wide as possible. You dwell on the negative always. You are a sorry little man. Does anybody like you?
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billyjoeallen
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Hide your women
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March 16, 2014, 05:52:01 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute He likes beer so much, he even drinks beer-flavored water. That's hardcore, man. LOL.
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aminorex
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Sine secretum non libertas
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March 16, 2014, 06:02:00 PM |
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The most interesting information coming out of the Mt. Gox affair was the leaked DB dump. It is an absolute goldmine for anyone who wants to understand the dynamics of bitcoin movements, label address with transacting parties, and who knows what else. To get that info, you flog the data. That takes time and effort.
I don't expect any useful information out of the bankruptcy process or PR from reorganized Gox, at least not for a long while. Discovery in lawsuits might yield interesting tidbits, however. All of that takes time and will out in its natural course, and very little will come of flapping and twittering about it.
When there's a reasonable possibility that one can scrounge useful data from the forums, then it is reasonable to expend energy in that direction. Contrariwise contrapositively.
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ChartBuddy
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Online
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 16, 2014, 06:02:14 PM |
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mb300sd
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Drunk Posts
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March 16, 2014, 06:03:28 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute He likes beer so much, he even drinks beer-flavored water. That's hardcore, man. LOL. its colege quantity is all that matters drink da frat water!
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JorgeStolfi
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March 16, 2014, 06:29:47 PM |
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As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think.
But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, [ ... ]
That's not really a "fact", more your opinion of what other people may think. I'm interested, just mindful that there's likely going to be a long wait before before we have any news. Well, I belive it is a "google fact", in that I can't find any new analyses; and at least this site, which had the database on line and seemed to have made some interesting discoveries, has shut down.
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adamstgBit
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Trusted Bitcoiner
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March 16, 2014, 06:37:50 PM |
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wait dose this mean poeple are going to get some dollars back?
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LMGTFY
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March 16, 2014, 06:47:09 PM |
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As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think.
But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, [ ... ]
That's not really a "fact", more your opinion of what other people may think. I'm interested, just mindful that there's likely going to be a long wait before before we have any news. Well, I belive it is a "google fact", in that I can't find any new analyses; and at least this site, which had the database on line and seemed to have made some interesting discoveries, has shut down. I guess I don't understand "Google fact" - it still seems a massive jump from "I couldn't find any new analyses on Google" to "the 'bitcoin community' does not want to know what happened".
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spooderman
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March 16, 2014, 06:52:30 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute He likes beer so much, he even drinks beer-flavored water. That's hardcore, man. Excellent.
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PoolMinor
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XXXVII Fnord is toast without bread
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March 16, 2014, 06:54:53 PM |
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Sometimes it is best to look at the big picture.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 16, 2014, 07:01:51 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
You have my condolences.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 16, 2014, 07:02:17 PM |
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Nicholas-Carraway
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March 16, 2014, 07:03:57 PM |
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ltc looking perky whilst btc meanders aimlessly. Anyone else jumping into ltc? This university takes no spring breaks. Wishing all you's well.
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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March 16, 2014, 07:06:25 PM |
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I love beer, its the last day of spring break, and i'm already 10 deep into killing 48 bud lights today.
does not compute He likes beer so much, he even drinks beer-flavored water. That's hardcore, man. LOL. its colege quantity is all that matters drink da frat water! I still need to go to the US one day and go see for myself if these ridiculous cliches are actually true. I've heard you guys don't actually like beer, you just like to pee a lot
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