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the founder
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July 31, 2011, 01:53:17 PM
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Look I am not some conspiracy buff... but mybitcoin and mtgox both going nuts at the same minute?

Right now you can sell your Bitcoins for 1.3 million at Mt.Gox ,  only if you get get them from mybitcoin (which is down). .. 


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July 31, 2011, 02:05:47 PM
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NO WAY is the price 14.2 all of a sudden! who is BUYING them in this crisis?!

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Andris
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July 31, 2011, 02:07:21 PM
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Crisis?

This could just have been some stupid bug that got pushed to the live server for no good reason.
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July 31, 2011, 02:07:54 PM
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Sigh. Not a crisis, most likely a bug. You are all trying to talk the market down. "SELL SELL SELL" is kinda old now.
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July 31, 2011, 02:13:17 PM
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umm...there were some standing buy orders put in for like US$200M worth around $13.25-13.5. Those seem to have since been removed from the table.
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July 31, 2011, 02:20:36 PM
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+ Bitomat.pl "lost" its wallet
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July 31, 2011, 02:28:50 PM
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I'll get you a full translation of this my fiancee was born in Poland,  she's going to translate it for us.

https://bitomat.pl/Home/Statement



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July 31, 2011, 02:33:50 PM
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I wonder how many coins will be lost in the bitcoin voids in the next 5 years.

Unlike physical objects they arent refindable.


This is also sorta of a big negative with bitcoin, accidents.

Sure people get robbed in any technology.

But only with bitcoin, do you lose if for good, if you have completely lost it... well yeah dollars but someone can "find" that and still use it, not with bitcoin

mooo for rent
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July 31, 2011, 02:38:49 PM
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I wonder how many coins will be lost in the bitcoin voids in the next 5 years.

Unlike physical objects they arent refindable.


This is also sorta of a big negative with bitcoin, accidents.

Sure people get robbed in any technology.

But only with bitcoin, do you lose if for good, if you have completely lost it... well yeah dollars but someone can "find" that and still use it, not with bitcoin

It takes time for the bitcoin community to learn how to secure bitcoin. This is new technologies and many people will lose their bitcoin from here to the future.

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July 31, 2011, 03:13:37 PM
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 Sad BUMMER cos I was in a buying phase at the time...

However, having said that, artificial price is now coming down....we're quickly heading for the 13.00 again...hahaha

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July 31, 2011, 04:03:40 PM
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Quote
It takes time for the bitcoin community to learn how to secure bitcoin. This is new technologies and many people will lose their bitcoin from here to the future.

true enough but people will still lose them security or not.

People will leave bitcents on wallets and not care if they reformat.

people will back up their wallets and keep the backups inhouse on another machine and lose them all to fire.

there are also paper bitcoins out there. That people sell on college campuses, that are basically the keys to a wallet.. I'm sure these get lost now and then before the college kid figures out bitcoin and transfers them over.

People will leave them on sites all over the place.. i know I have bitcents on more sites than I care to look for.

I guess it isnt a real issue or anything but it is interesting and makes me wonder how many will actually be in circulation in 10 years

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July 31, 2011, 04:07:28 PM
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it's increasing at 50 BTC per every 10 minutes... trust me the market is flooded with bitcoins now...  perhaps more than what can be absorbed due to the fact that it's too hard for people to use them still...    yea companies like mine are trying to fix that.. but until we (and others like me) fix it.. it will be limited to us geeks that can use them...

I'm sure grandma knows how to use bitcoins to get stuff at the grill in new york right?


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MagicalTux
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July 31, 2011, 04:17:47 PM
 #13

Look I am not some conspiracy buff... but mybitcoin and mtgox both going nuts at the same minute?

Right now you can sell your Bitcoins for 1.3 million at Mt.Gox ,  only if you get get them from mybitcoin (which is down). .. 

We'll make a public announce tomorrow morning (Japan time), basically during a planned maintenance, system upgrade didn't go as planned. This is not related to MyBitcoin.

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July 31, 2011, 04:21:45 PM
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I love when things like this happen, because of the way Bitcoin works, it is in front of all our eyes, and all everyone can do is speculate.    Honestly amazing as all hell the smart people behind some of the ventures and random things creating value to Bitcoin, and yet security, the thing we all talk about the most, is the last thing people seem to care about.

They just put in in third party sites (insert the millionth FlexCoin commercial post this week here) rather than educating themselves it seems.

Also, MagicalTux post's of system upgrading not going as planned plus MyBitcoin shit CONFIRMS CRAZY SHIT IS GOING ON SELL SELL SELL EVERYONE NOW FEAAAR.

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