Today, We all saw how weak bitcoin is

[banaltcoin]

A single exchanger effected & played & scammed all bitcoin exchangers, all bitcoin users so much within one single day, how much money on bitcoin has been lost in 24 hours?

Imagine what will happen when BTC-E run away or crashed for whatever reasons?
Imagine what will happen when Bitstamp run away or crashed for whatever reasons?
I am sure these are all going to happen sooner or later,BTC-E & BITSTAMP get caught for Money Laundering is just a time question

A private company so called Bitcoin Foundation, having such a evil man Mark Karpeles being a board member, does control Bitcoin Client QT, Bitcoind still advertising MTGOX, allowing Transaction malleability Bug exist which has been known about since 2011 - https://bitcoinfoundation.org/blog/

Do you still think Bitcoin will be the world currency?

In case you don't know yet, Mark Karpeles is the ceo of Mtgox and This isn't the first time he hurt us

The Bitcoin Foundation pays Gavin to maintain the reference Bitcoin client.
Peter Vessenes is the Chairman of the Bitcoin Foundation, and the Founder of CoinLab.
MtGox (Mark Karpeles) is also a member of the Bitcoin Foundation.
Over the past 18 months or so, Gavin made a lot of changes to the Bitcoin protocol in a relatively short amount of time, including forcing a hard fork.  Many observers noted at the time that this was unwise.
CoinLab and MtGox are involved in some sort of lawsuit involving an agreement to transfer customers from MtGox to CoinLab.
MtGox appears to have been unable to keep up with the changes to the Bitcoin protocol.

Anything inaccurate about this assessment?  I'm trying to maintain a relatively neutral view of the facts, but that's difficult as a Foundation non-member, since the Foundation does everything in secret.  So if anything is mistaken please let me know.

But, beyond just the obvious facts, would anyone like to discuss the obvious clusterfuck of interests going on here?  Should I even mention BitInstant?
https://bitcointalk.org/index.php?topic=458575.msg5059553#msg5059553

[silenstorm]

Imagine China refusing to use the US dollar. How much will it collapse?

[rat]

you new?

[Lauda]

Imagine China refusing to use the US dollar. How much will it collapse?

It would probably crash.
@OP Enough with the FUD spreading already.

[smoothie]

I disagree with your TITLE of this thread.

BITCOIN =/= MTGOX

BITCOIN > MTGOX

[gentlemand]

Bitcoin is fine. It's the minority of squealing pussies who hold it and the scum who inhabit the ecosystem who are the weak players. They'll get shaken out eventually.

[Caiapfas]

A single exchanger played & scammed all bitcoin exchangers, all bitcoin users within one single day, how much money on bitcoin has been lost in 24 hours?

Imagine what will happen when BTC-E run away or crashed for whatever reasons?
Imagine what will happen when Bitstamp run away or crashed for whatever reasons?
I am sure these are all going to happen sooner or later just like TradeHill and Mtgox

A private company so called Bitcoin Foundation, having such a evil man Mark Karpeles being a board member, does control Bitcoin Client QT, Bitcoind.exe still advertising MTGOX, allowing Transaction malleability Bug exist which has been known about since 2011 - https://bitcoinfoundation.org/blog/

Do you still think Bitcoin will be the world currency?

In case you don't know yet, Mark Karpeles is the ceo of Mtgox

The Bitcoin Foundation pays Gavin to maintain the reference Bitcoin client.
Peter Vessenes is the Chairman of the Bitcoin Foundation, and the Founder of CoinLab.
MtGox (Mark Karpeles) is also a member of the Bitcoin Foundation.
Over the past 18 months or so, Gavin made a lot of changes to the Bitcoin protocol in a relatively short amount of time, including forcing a hard fork.  Many observers noted at the time that this was unwise.
CoinLab and MtGox are involved in some sort of lawsuit involving an agreement to transfer customers from MtGox to CoinLab.
MtGox appears to have been unable to keep up with the changes to the Bitcoin protocol.

Anything inaccurate about this assessment?  I'm trying to maintain a relatively neutral view of the facts, but that's difficult as a Foundation non-member, since the Foundation does everything in secret.  So if anything is mistaken please let me know.

But, beyond just the obvious facts, would anyone like to discuss the obvious clusterfuck of interests going on here?  Should I even mention BitInstant?
https://bitcointalk.org/index.php?topic=458575.msg5059553#msg5059553

Never thought bitcoin or any  crypto will be a world currency until the day it offers the same protection as the USD

[Lauda]

I disagree with your TITLE of this thread.

BITCOIN =/= MTGOX

BITCOIN > MTGOX

Random people spreading FUD --> 'sheep' population starts panicking. We don't need FUD, and above all we don't need Gox.

[rat]

FUD makes me money. be quiet.

[Meuh6879]

[BitcoinSniper]

[franky1]

OP spreading propaganda

bitcoin has not lost anything.............

for every panic seller there is a buyer who gets cheap coins. it all balances itself out. if anyone feels a crash is bad, that is purely because they sold at a loss and panicked. never sell at a loss.

when a crash happens. you dont sell... you buy, and youbuy as much as you can (without risk) so that you can sell later for profit. why would any normal person sell at a loss.

i do not have a glass half empty mindset
i do not have a glass half full mindset
i do have a glass with something always inside mindset

[BitcoinSniper]

I disagree with your TITLE of this thread.

BITCOIN =/= MTGOX

BITCOIN > MTGOX

Random people spreading FUD --> 'sheep' population starts panicking. We don't need FUD, and above all we don't need Gox.

I agree.

[Minefield4]

OP spreading propaganda

bitcoin has not lost anything.............

for every panic seller there is a buyer who gets cheap coins. it all balances itself out. if anyone feels a crash is bad, that is purely because they sold at a loss and panicked. never sell at a loss.

when a crash happens. you dont sell... you buy, and youbuy as much as you can (without risk) so that you can sell later for profit. why would any normal person sell at a loss.

Probably people who invested more then they could 'afford' to lose. So rather then lose everything, they choose to just loose most of it...
I expect that is their logic.

Ah well, for some to rise others must fall.

[franky1]

Ah well, for some to rise others must fall.

but if everyone sold at profit, then those buying in would keep the price going up by eating up the sell wall.. thats my logic.

but the logic of sheep people infuriates me, its like they have all been taught the false rules of trading that banks like to teach.

EG when a bank tells you to buy, its because they already have and they want you to buy their sells.
EG when gold speculators tell you to buy gold, its because their ready to sell

[corebob]

I disagree.
Its one of bitcoins strength that the price reflects the market immidiately, and nobody can change it happening.
In fact, this particular property of bitcoin is the closest you will ever get to devine intervention

[Newmine]

I disagree.
Its one of bitcoins strength that the price reflects the market immidiately, and nobody can change it happening.
In fact, this particular property of bitcoin is the closest you will ever get to devine intervention

The stock markets do this as well. At least in today's age.

[banaltcoin]

things like this will happen again and again until every one gone

[DeathAndTaxes]

I disagree.
Its one of bitcoins strength that the price reflects the market immidiately, and nobody can change it happening.
In fact, this particular property of bitcoin is the closest you will ever get to devine intervention

The stock markets do this as well. At least in today's age.

Not always.  News after hours isn't reflected immediately.  "Circuit breakers" will halt trading for a "cool off period".  Exchange regulators will often freeze trading if there are unsubstantiated rumors.

Bitcoin markets are probably the closest thing to a "free" market in the world.  That might not last long though but you can tell your grandkids about how you traded when the exchange rate was set solely by supply and demand.

[Tripjammer]

It looks like bitcoin survived today. It could have been much worse. I feel good for tomorrow. Mt GOX needs to go the way of the dinosaurs though.


Bitcoin will be back up over $1200 by summer...if not earlier.