julz
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Activity: 1092
Merit: 1001
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June 28, 2011, 10:39:55 AM |
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http://www.thinq.co.uk/2011/6/28/mt-gox-flaw-opens-door-free-bitcoins/I know mtgox allows you to put in orders without having the funds yet (which is very useful when putting in a sell-buy combo) .. not sure how that would allow someone to game it for free bitcoins though.
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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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cbeast
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Let's talk governance, lipstick, and pigs.
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June 28, 2011, 10:54:00 AM |
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http://www.youtube.com/watch?v=3yoduTFjZW4&#t=1143sWeb based smartphone app announced. Will work on standard browser on IPhone.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Piper67
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June 28, 2011, 11:44:23 AM |
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This has the potential for being some of the greatest news yet! Can't wait for it to come out. |
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Longmarch
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June 28, 2011, 03:35:53 PM |
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http://howestreet.com/2011/06/releasing-oil-reserves/Doug Casey... starts off with a few words about the "angry" emails he's received re: Bitcoin. This guy is pretty adept with the fallacious argumentation... 2. Bitcoin can be secretly transported across international borders. OK, sure, that seems like an advantage. There’s just one problem: I have no need to transfer large amounts of cash across international borders. Though this feature is often praised by Bitcoin supporters, how many have actually utilized it to circumvent international laws? Yeah, probably close to zero. 1.) You are not a representative sample. Leave yourself out of it. 2.) independent international money transfers != circumvention of international laws. 3.) there is a population segment that can benefit greatly from independent international money transfers. Just because you can't imagine that this feature would be useful doesn't mean that the feature isn't useful. Reminds me of all the people who can't figure out what Twitter could be used for. "What are you gonna do with that? That's stupid." I guess this guy's financial cred is getting the best of him. He's taken up technological and sociological issues with no understanding of the subject matter. I doubt his readership will see this, though. Too bad.
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Piper67
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June 28, 2011, 03:39:09 PM |
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This is being discussed in another thread. First, and foremost, a search of the US courts website found not even a passing mention of bitcoin. Secondly, in the US, Congress makes laws, not the courts. There is no law in the US against trading in currencies other than the US dollar, contrary to what the trolls may suggest. Thirdly, and this has also been discussed ad infinitum, how exactly would the US propose to make bitcoin illegal anyway? Shut down the internet perhaps? Right now, I for one don't give three hoots what the US wants to do about bitcoins... I'm MUCH more interested in the approach the Chinese government will take. This could be a godsend for a country that wishes to trade with the world, yet wants its own currency to be artificially devalued. Cheers, everyone |
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david19801
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June 28, 2011, 04:00:06 PM |
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This is being discussed in another thread. First, and foremost, a search of the US courts website found not even a passing mention of bitcoin. Secondly, in the US, Congress makes laws, not the courts. There is no law in the US against trading in currencies other than the US dollar, contrary to what the trolls may suggest. Thirdly, and this has also been discussed ad infinitum, how exactly would the US propose to make bitcoin illegal anyway? Shut down the internet perhaps? Right now, I for one don't give three hoots what the US wants to do about bitcoins... I'm MUCH more interested in the approach the Chinese government will take. This could be a godsend for a country that wishes to trade with the world, yet wants its own currency to be artificially devalued. Cheers, everyone Could they ban all crypto currencies? Do you have a link with more info on the Chinese? Sounds cool! |
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molecular
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June 28, 2011, 05:47:40 PM |
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This is being discussed in another thread. sorry, can't seem to find it. Could you point out the thread for me? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Piper67
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June 28, 2011, 06:00:05 PM |
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This is being discussed in another thread. sorry, can't seem to find it. Could you point out the thread for me? Bitcoin Laws Imminent |
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em3rgentOrdr
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June 28, 2011, 06:20:44 PM |
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"How I spent a coin with bitcoin (and liked it) - How I bought lunch with bitcoins" http://nymag.com/daily/intel/2011/06/i_spent_a_coin_and_i_liked_it.html |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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LightRider
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I advocate the Zeitgeist Movement & Venus Project.
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June 28, 2011, 09:04:21 PM |
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Bitcoin related twitter traffic has gone nuts in the past few minutes. It seems someone is spamming a crazy amount of bitcoin information.
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peach
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June 28, 2011, 09:29:51 PM |
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Vladimir
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June 28, 2011, 10:01:41 PM |
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Looks like yet another hit piece. Shills just cannot wrap their tiny brains around decentralised concept and again calling beenz flooz cards. |
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em3rgentOrdr
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June 28, 2011, 10:12:47 PM |
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Looks like yet another hit piece. Shills just cannot wrap their tiny brains around decentralised concept and again calling beenz flooz cards. |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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SgtSpike
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Activity: 1400
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June 28, 2011, 10:15:38 PM |
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We need to create an "associated press" for bitcoins. Something that is filled up with concise facts about bitcoins, that reporters and journalists can use as a reference to get their facts straight.
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BitterTea
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June 28, 2011, 10:42:15 PM |
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I just wanted to dissect this a little bit. the online currency used to buy Alpaca wool socks and illegal drugs Among hundreds (thousands?) of other things. whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox The value did not drop, just one of many exchange rates. It's also back up to $17.50 a week later. Solving that small change problem has made credit cards very popular since they made it much easier to buy and sell with precise amounts while cutting down on the transaction costs. Nevertheless, credit cards do cost consumers — in the form of fees, interest, and penalties — and merchants — as annoying merchant fees. Bitcoin might survive as a currency if it can find a way to make consumers and merchants better off. Maybe more precise pricing with fewer transaction costs? one lucky fellow paid $20,000 for Bitcoin in February 2010, only to turn around and sell his holdings in early June 2011 for about $3 million I call bullshit. Mann notes that Bitcoin’s ultimate ambition well might be illegal in any event. After all, he points out, there are federal statutes that make it illegal to produce a separate currency. Whether Bitcoin violates those statutes depends on how far it can go along the lines of becoming a true medium for exchange. This guy is so full of shit. likely to go the way of Flooz (bankrupt in August 2001) Oh noes! Bitcoin is going to go bankrupt! |
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nosfera2
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Activity: 42
Merit: 1
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June 28, 2011, 10:42:53 PM |
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Looks like yet another hit piece. Shills just cannot wrap their tiny brains around decentralised concept and again calling beenz flooz cards. They don't even realize that there is a whole world beyond the US and that even if bitcoin turned out to be illegal in the US, it would only affect a small proportion of bitcoin's userbase anyway. |
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