gizmoh
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Activity: 1428
Merit: 1000
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August 05, 2013, 08:00:47 AM |
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I call this a Bluff!
Every 2 years they get $200 million funding, same crap recycled again, Avalon & manipulators can spit whatever they want to get btc prices up so they can unload their stash.
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How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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Tzupy
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Activity: 2128
Merit: 1074
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August 05, 2013, 08:00:54 AM |
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Right now it may look overpaid, but if they get the latest process technology for new ASICs, then in the future
they will have a significant competitive advantage. Meaning that after ROI, they'll be able to hoard BTC
and manipulate the market as well as the early adopters / large whales. They could make a couple billions of $.
Anyway, it looks like small ASIC miners are not going to survive long.
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Sometimes, if it looks too bullish, it's actually bearish
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umaOuma
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August 05, 2013, 08:18:11 AM |
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Right now it may look overpaid, but if they get the latest process technology for new ASICs, then in the future
they will have a significant competitive advantage. Meaning that after ROI, they'll be able to hoard BTC
and manipulate the market as well as the early adopters / large whales. They could make a couple billions of $.
Anyway, it looks like small ASIC miners are not going to survive long.
But i guess they will sell the 20nm miners. Thats where the money are right now |
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vokain (OP)
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Activity: 1834
Merit: 1019
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August 05, 2013, 02:02:01 PM |
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Either way, false or not, this should bring very interesting discussion to the table for monied people as to what is possible. There is a very serious first-mover advantage for the first big group investing in bitcoin that takes it seriously. |
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N12
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Activity: 1610
Merit: 1010
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August 05, 2013, 02:17:51 PM |
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The media is completely ridiculous, WTF is so difficult about doing some research before printing your shit?
It's like they aren't even here to inform anymore, only to spread bullshit.
I do wonder how this false information could have happened.
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thezerg
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Activity: 1246
Merit: 1010
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August 05, 2013, 02:20:21 PM |
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The media is completely ridiculous, WTF is so difficult about doing some research before printing your shit?
It's like they aren't even here to inform anymore, only to spread bullshit.
I do wonder how this false information could have happened.
A strangely detailed article for FUD... could be only one detail (the investor perhaps) is incorrect. On the other hand, the person spreading the Paypal rumor seemed a cut above the average liar. Could be there's a high stakes pump operation going on... |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 05, 2013, 02:26:32 PM |
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Either way, false or not, this should bring very interesting discussion to the table for monied people as to what is possible. There is a very serious first-mover advantage for the first big group investing in bitcoin that takes it seriously.
As in the other, now deleted thread: They could also just get pissed off by this. |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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August 05, 2013, 02:34:14 PM |
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one word: overpaid
with your narrow vision maybe. LOL |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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vokain (OP)
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Activity: 1834
Merit: 1019
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August 05, 2013, 02:47:49 PM
Last edit: August 05, 2013, 03:32:28 PM by vokain |
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one word: overpaid
with your narrow vision maybe. LOL If I had billions, with that clout I would choose to do so many things, one of which would be to do what this article theorized. $200M could be multiplied rather quickly if invested in various avenues provided by Bitcoin. ROI would be in the time frame of a few years. |
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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August 05, 2013, 03:45:40 PM |
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one word: overpaid
with your narrow vision maybe. LOL If I had billions, with that clout I would choose to do so many things, one of which would be to do what this article theorized. $200M could be multiplied rather quickly if invested in various avenues provided by Bitcoin. ROI would be in the time frame of a few years. thats not the point the point is fair price |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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vokain (OP)
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Activity: 1834
Merit: 1019
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August 05, 2013, 04:02:16 PM
Last edit: August 05, 2013, 04:31:09 PM by vokain |
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one word: overpaid
with your narrow vision maybe. LOL If I had billions, with that clout I would choose to do so many things, one of which would be to do what this article theorized. $200M could be multiplied rather quickly if invested in various avenues provided by Bitcoin. ROI would be in the time frame of a few years. thats not the point the point is fair price $200M set aside for a 10+ year grand scheme that might not have fiat returns and progressive fiat expenses for awhile isn't unreasonable. |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 05, 2013, 04:19:28 PM |
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I get the strange suspicion that Avalon tried to leverage their way into a larger Bitcoin stash, (payed for expenses on credit) and now are looking for the easy way out.
That they fake something like this could mean that it isn't going to well for them.
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vokain (OP)
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Activity: 1834
Merit: 1019
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August 05, 2013, 04:32:22 PM |
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I get the strange suspicion that Avalon tried to leverage their way into a larger Bitcoin stash, (payed for expenses on credit) and now are looking for the easy way out.
That they fake something like this could mean that it isn't going to well for them.
hasn't bitcoin increased in worth since they first started taking payments? |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 05, 2013, 04:43:06 PM |
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I get the strange suspicion that Avalon tried to leverage their way into a larger Bitcoin stash, (payed for expenses on credit) and now are looking for the easy way out.
That they fake something like this could mean that it isn't going to well for them.
hasn't bitcoin increased in worth since they first started taking payments? That doesn't stop them from trying. Who knows what their real expenses are. And the price increase is much less pronounced in these quantities. There are only a little over 20 mil dollars on mtgox. (at least according to the order book) |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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August 05, 2013, 04:58:20 PM |
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There are only a little over 20 mil dollars on mtgox. (at least according to the order book)
maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.html |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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humanitee
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August 05, 2013, 05:04:39 PM |
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maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.htmlLiterally, the next sentence "The risk is now too high for us to credit accounts prematurely." Your reading skills = terrible. |
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
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Medium
Reddit
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vokain (OP)
Legendary
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Activity: 1834
Merit: 1019
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August 05, 2013, 05:06:15 PM |
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maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.htmlLiterally, the next sentence "The risk is now too high for us to credit accounts prematurely." Your reading skills = terrible. he isn't a native English speaker. but still |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 05, 2013, 05:06:25 PM |
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There are only a little over 20 mil dollars on mtgox. (at least according to the order book)
maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.htmlMy rationale behind this is that almost everybody had their USD somewhere in a bid during the rally. It might go as high as about the double of that overall, which I doubt, but for sake of the argument lets assume it is true. 40mil wouldn't change anything in that regard. |
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humanitee
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August 05, 2013, 05:31:30 PM |
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he isn't a native English speaker. but still
If they are adequate enough to comprehend that paragraph surely they are adequate enough to comprehend that minuscule sentence! I didn't really mean anything by it anyway, just giving him a hard time. |
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
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| Whitepaper
Medium
Reddit
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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August 05, 2013, 05:55:53 PM |
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maybe not ? For example it currently takes up to 10 days to process a deposit because our bank, upon receiving deposits, notifies us of the deposit but holds them for 7~10 days before transferring them to our account. This has always been the case, and we were still crediting customer accounts before receiving the funds ourselves, but some cases in which the bank subsequently rejected the deposits meant that we incurred significant losses. https://www.mtgox.com/press_release_20130805.htmlLiterally, the next sentence "The risk is now too high for us to credit accounts prematurely." Your reading skills = terrible. more explication for you since you dont get it, the usd automatic credit on mtgox got stopped on june nobody knows how much the loss for mtgox was and if they manage to cover that from fees 1) send wire 2) get the fiat credited 3) buy bitcoin 4) take bitcoin out 5) wire denied 6) ops mtgox got a loss 7) wee free bitcoin 8 ) some one has the usd but this never got wired 9 ) the someone use said USD to place a bid |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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