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MAbtc
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May 16, 2013, 07:11:46 PM |
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Lots of big assumptions ITT  |
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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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bozak
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May 16, 2013, 07:16:47 PM |
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This Dwolla seizure happened only because MtGox CEO screwed up and stupidly filled out his banking forms incorrectly. Lying or otherwise that is the reason. This isn't a war on bitcoin. Homeland security could have just torn down mtgox.com, coinlab, all of them, and be done with it. It isn't crashing because many people have read the news stories properly and aren't panicing weak hands.
It seems like more of an issue than just filling out the forms incorrectly. I don't think any of the other exchanges are registered either. However, I don't blame them. Since the US has not officially established bitcoin as money, it doesn't make sense to register as a money transfer business. |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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May 16, 2013, 07:18:15 PM |
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This Dwolla seizure happened only because MtGox CEO screwed up and stupidly filled out his banking forms incorrectly. Lying or otherwise that is the reason. This isn't a war on bitcoin. Homeland security could have just torn down mtgox.com, coinlab, all of them, and be done with it. It isn't crashing because many people have read the news stories properly and aren't panicing weak hands.
[/quote
It seems like more of an issue than just filling out the forms incorrectly. I don't think any of the other exchanges are registered either. However, I don't blame them. Since the US has not officially established bitcoin as money, it doesn't make sense to register as a money transfer business.
But they still do convert USD and that counts in the government eyes. |
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gogxmagog
Legendary
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Activity: 1456
Merit: 1009
Ad maiora!
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May 16, 2013, 11:22:23 PM |
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Ladies and gentlemen, Elmer FUD has left the building.  |
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Razick
Legendary
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Activity: 1330
Merit: 1003
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May 17, 2013, 02:01:45 AM |
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Based on the details of the recent Homeland Security actions, it appears that EVERY entity that associates or has associated with MtGox is subject to seizure of their money.
With that said.. Why hasn't the price of BTC's crashed today?
People are buying BTC in MtGox and transferring to wallets and other exchanges. Note the large price gap between Gox and Bitstamp. |
ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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relm9
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May 17, 2013, 02:09:51 AM |
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Based on the details of the recent Homeland Security actions, it appears that EVERY entity that associates or has associated with MtGox is subject to seizure of their money.
With that said.. Why hasn't the price of BTC's crashed today?
People are buying BTC in MtGox and transferring to wallets and other exchanges. Note the large price gap between Gox and Bitstamp. On that note, has anyone withdrawled recently? Sent BTC to my wallet address from Gox and it's not even showing on Blockchain.info, hour has passed since. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 17, 2013, 02:21:02 AM |
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If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?
If you are holding a currency that can not be debased, why would you sell it for a currency that can be debased after the government starts debasing currency? If you are holding a currency that can transfer anywhere in the world anonymously, why would you trade it for a currency that can't? |
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Bitcopia
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May 17, 2013, 03:10:12 AM |
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Based on the details of the recent Homeland Security actions, it appears that EVERY entity that associates or has associated with MtGox is subject to seizure of their money.
With that said.. Why hasn't the price of BTC's crashed today?
People are buying BTC in MtGox and transferring to wallets and other exchanges. Note the large price gap between Gox and Bitstamp. On that note, has anyone withdrawled recently? Sent BTC to my wallet address from Gox and it's not even showing on Blockchain.info, hour has passed since. Withdrew last night... took about 5 hours to get my first confirmation. |
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blackreplica
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May 17, 2013, 03:32:28 AM |
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I withdrew some yesterday, it went through in about an hour. Just give it some time. There are probably hordes withdrawing right now and it will take a little longer
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www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
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naphto
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May 17, 2013, 08:08:02 AM |
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If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?
A currency is only a currency if people think it is. Every one knows / accepts euro and dollar as a currency, not bitcoin. |
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Zaih
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May 17, 2013, 09:56:47 AM |
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If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?
So perfect. So so perfect. |
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