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Technomage
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February 13, 2012, 11:45:02 PM
 #1

in the land of the bulls.

Network transaction count continues to look very healthy. It seems to be on a solid uptrend. It's just one indicator but it's definitely one of the best. We have recovered to transaction levels of late August / early September.

Raw: http://blockchain.info/charts/n-transactions
7 day avg: http://blockchain.info/charts/n-transactions?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Just a few days ago we had one of the biggest merchant announcements in the history of Bitcoin, which just might spark a new wave of real merchants that start to accept Bitcoin: http://www.thebitcointrader.com/2012/02/spend-your-bitcoins-at-16-st-louis.html

As far as the exchanges are concerned, it certainly looks worse than it is. Paxum isn't as relevant as some think it is and Tradehill shutting down was not surprising at all. From my perspective as a European citizen it's actually better these days than it was a few months ago. Mt. Gox works fine for SEPA deposits, Intersango SEPA works both ways and Cryptoxchange's cheap international transfers work both ways as well.

I'm not happy with some of the news lately but honestly the glass looks half full to me. Smiley

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February 13, 2012, 11:46:47 PM
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And we're still going down, to a bottom that has yet to come.

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Technomage
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February 13, 2012, 11:47:58 PM
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My post, as usual, has more to do with the long term picture. I'm not taking any sides in the current short term battle that's going on. It could definitely go down, I don't disagree with that.

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February 13, 2012, 11:56:18 PM
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I'm secretly hoping that this MasterCard/Paxum stuff will generate a lot of media interest. Streisand effect anyone?

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February 14, 2012, 12:36:06 AM
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Technomage, do you still applaud us guys?
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February 14, 2012, 01:06:36 AM
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While we are all a little uncertain exactly of the long term nature of the US market. Intersango.com has not had any problems at all operating in the US thus far.

We did have some problems in the UK (not with regulations but with banks). These are all sorted now and we feel that the our UK and SEPA side of Intersango.com is not going anywhere.

Our support is very fast at responding to tickets so if you have any questions just email support@intersango.com

Support@Intersango.com
Intersango.com - The only exchange owned and operated by core bitcoin developers. We have NO hidden fees and do not deceptively advertise. We offer the safest exchange with a proven track record.
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