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Author Topic: Slashdot again today. Prepare for onslaught & Rally mode !  (Read 1470 times)
ShadowOfHarbringer
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March 23, 2011, 01:43:29 PM
 #1

We hit slashdot again today, prepare for the worst Tongue (best) :

http://news.slashdot.org/story/11/03/23/0210207/Google-Engineer-Releases-Open-Source-Bitcoin-Client

It also contains link to a nice interview with Gavin Andresen:

http://www.cio.com.au/article/380394/open_source_identity_bitcoin_technical_lead_gavin_andresen/

I guess another rally is ahead of us (looking at MtGox's charts - I would say it already started).

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rebuilder
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March 23, 2011, 09:49:22 PM
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There may be another spike coming up, but whether that's just because people already invested in Bitcoins expect a further rise remains to be sen. I doubt many, if any, of the buys that have pushed the price on Mt Gox up now are from people new to Bitcoins. It takes time to get funds into Mt Gox...

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March 23, 2011, 10:06:24 PM
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I doubt many, if any, of the buys that have pushed the price on Mt Gox up now are from people new to Bitcoins. It takes time to get funds into Mt Gox...

Buying Bitcoins at CoinPal can push the Mt Gox price up since all CoinPal sales are immediately balanced by corresponding purchases on Mt Gox
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March 23, 2011, 10:10:05 PM
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Buying Bitcoins at CoinPal can push the Mt Gox price up since all CoinPal sales are immediately balanced by corresponding purchases on Mt Gox

Good point. Hmm, I wonder who to ask if there's been a spike in CoinPal buys recently... Wink
But seriously, as fine as your service is, I (my ass, anyway) doubt it's contributed that much to the spike at this point. The volume at Mt Gox was somewhere around 13000 last I checked, and a new user could buy 40 BTC on CoinPal.

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Michael Hendricks
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March 23, 2011, 10:28:24 PM
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The volume at Mt Gox was somewhere around 13000 last I checked, and a new user could buy 40 BTC on CoinPal.

Some quick calculations suggest that CoinPal trades account for roughly 13% of Mt Gox market volume in the last 24 hours.  So it's definitely not the largest contributor.
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March 28, 2011, 08:38:28 PM
 #6

I'm part of that crowd.  I had heard of bitcoin before, but this is what really got me interested.

I decided I liked the original client better than the one that Google made.  I haven't bought anything on the exchange yet though.  I prefer to offer my services in exchange for bitcoins, and then spend the bitcoins on other services.

I'm an avid tor user, and was hoping that bitcoin could provide me with a bit of anon money.  After reading the thread on anonymous use of bitcoin, I am a bit worried.  I can see services like bitlaunder fixing my problem though.

Anyhow, I am a PHP developer, and as soon as I have my own computer again (mine was stolen), I am willing to offer my services to the cause.

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