Bitcoin Forum
November 16, 2024, 05:18:08 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
Author Topic: decentralized Bitcoin are highly centralized to mtgox!11  (Read 28389 times)
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
April 30, 2011, 02:45:57 PM
 #1

Do not you think that a decentralized currency Bitcoin a highly centralized to mtgox? So that users are more profitable to move all his bitcoins into mtgox.

Yes, dammit, I resent, because paying for the work with bitcoins!

Confess that you simply draw exchange rates!

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
Nefario
Hero Member
*****
Offline Offline

Activity: 602
Merit: 513


GLBSE Support support@glbse.com


View Profile WWW
April 30, 2011, 03:12:33 PM
 #2

Yes it's a weakpoint of bitcoin, as are all the exchanges.

Until someone implements the anonymous exchange idea found here http://bitcoinweekly.com/articles/anonymous-money-needs-an-anonymous-exchange it will remain so.

Also the arrival of OTC exchanges.


PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
Prze_koles
Full Member
***
Offline Offline

Activity: 156
Merit: 100



View Profile
April 30, 2011, 03:16:20 PM
 #3

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

1FzTJh1C58m1gqnNzxLTt2ryNYkuk1YdfN
kiba
Legendary
*
Offline Offline

Activity: 980
Merit: 1020


View Profile
April 30, 2011, 03:25:04 PM
 #4


Digital hawala network. Somebody is working on it.

bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
April 30, 2011, 03:38:03 PM
 #5

In Russia was such thing.

This company states daily declaratively prices for their shares. I think that mtgox stands as such company now. (Is not charge. just someone who has an opportunity cost manipulate widely in their interests for a long time. I do not know how.)  Bitcoin turned into a pyramid?

No, I'm certainly interested as bitcoiny used to pay for and now I will have to pay 3 times more.

Yes, I resent is the second time since the previous race. Such jumps put a cross on the distribution of bitcoin as a means of payment. I will not use them as such in the near future. Sad

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
gigi
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 30, 2011, 06:43:46 PM
 #6

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

Moreover, if all such exchanges implement free transfers between accounts on the exchange than it would be possible to transfer/convert fiat money to any country in the world.

1. Transfer fiat money to your local exchange.
2. Convert to BTC.
3. Transfer to an exchange local to payee.
4. Convert BTC into payee's currency.
5 Transfer money in payee's currency to payee account.
6. Payee withdraws fiat currency to his local bank account.
7. Banks and other middle men do not profit. (some fees to exchanges would apply, though)

Transacting in BTC still seems to be so much easier.






That wouldn't be as easy as you said. You would need to create an account on two different exchanges (one in each country), and you would be exposed to bitcoin value fluctuations between steps 2-4.

BTW, it won't be long before exchanges will start requiring ID.
jkminkov
Hero Member
*****
Offline Offline

Activity: 698
Merit: 500


View Profile
April 30, 2011, 10:33:32 PM
 #7

seems that you are helping mtgox with introducing stupid fees to btcex...

.:31211457:. 100 dollars in one place talking - Dudes, hooray, Bitcoin against us just one, but we are growing in numbers!
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
April 30, 2011, 10:41:45 PM
 #8

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
April 30, 2011, 11:09:13 PM
 #9

Patience!

Ne-a.

Without external influence young economy would collapse, since it dominates the positive feedback.

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
MagicalTux
VIP
Hero Member
*
Offline Offline

Activity: 608
Merit: 501


-


View Profile
May 01, 2011, 01:05:23 AM
 #10

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

I like how this DDoS comes right in time to prove your point~
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
May 01, 2011, 01:31:49 AM
 #11

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

I like how this DDoS comes right in time to prove your point~

Yes, I really do not like mtgox. (But you're a new owner - you have a chance to change it)

mtgox really builds a pyramid!

I put a lot of effort is to make a good exchanger and another starts to actually paint rate and turn it all into the game.

The day before yesterday I was owed 100 BTC = $160 but today it $320 and it is too much for me. And it continues to grow simply because everyone is looking for people who cabal draw their own exchange rate on mtgox.

Perhaps that centralization is a basic property of commerce and then bitcoin are doomed. Instead of the central bank to manage the rates will mtgox.

mtgox took on greater responsibility and must stop trades when the exchange rate changes dramatically. Just because some people sometimes sleep, for example.

mtgox must do so at least 4 times for past half year. I and my friends who enjoyed bitcoin very badly affected.

I welcome this attack or slashdot! It is 'assassination politics' where the victim is the monopolistic exchange site, not human.

(we're a little familiar - there is no personal animosity)

huh, now I relax and feel good.

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
MagicalTux
VIP
Hero Member
*
Offline Offline

Activity: 608
Merit: 501


-


View Profile
May 01, 2011, 01:35:46 AM
 #12

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

I like how this DDoS comes right in time to prove your point~

Yes, I really do not like mtgox. (But you're a new owner - you have a chance to change it)

mtgox really builds a pyramid!

I put a lot of effort is to make a good exchanger and another starts to actually paint rate and turn it all into the game.

The day before yesterday I was owed 100 BTC = $160 but today it $320 and it is too much for me. And it continues to grow simply because everyone is looking for people who cabal draw their own exchange rate on mtgox.

Perhaps that centralization is a basic property of commerce and then bitcoin are doomed. Instead of the central bank to manage the rates will mtgox.

mtgox took on greater responsibility and must stop trades when the exchange rate changes dramatically. Just because some people sometimes sleep, for example.

mtgox must do so at least 4 times for past half year. I and my friends who enjoyed bitcoin very badly affected.

I welcome this attack or slashdot! It is 'assassination politics' where the victim is the monopolistic exchange site, not human.

(we're a little familiar - there is no personal animosity)

huh, now I relax and feel good.

Well, as long as someone somewhere wants to buy bitcoins, the price will increase, would it be on mtgox or anywhere else. People who mine bitcoin want to sell at the best price, and if there is enough demand, would it be on mtgox or anywhere else, the price will increase anyway.

On the contrary, unavailability of mtgox may make bitcoins harder to obtain, and cause an extra increase of the bitcoin value...
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
May 01, 2011, 01:46:31 AM
Last edit: May 01, 2011, 02:12:59 AM by bitcoinex
 #13

We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

I like how this DDoS comes right in time to prove your point~

Yes, I really do not like mtgox. (But you're a new owner - you have a chance to change it)

mtgox really builds a pyramid!

I put a lot of effort is to make a good exchanger and another starts to actually paint rate and turn it all into the game.

The day before yesterday I was owed 100 BTC = $160 but today it $320 and it is too much for me. And it continues to grow simply because everyone is looking for people who cabal draw their own exchange rate on mtgox.

Perhaps that centralization is a basic property of commerce and then bitcoin are doomed. Instead of the central bank to manage the rates will mtgox.

mtgox took on greater responsibility and must stop trades when the exchange rate changes dramatically. Just because some people sometimes sleep, for example.

mtgox must do so at least 4 times for past half year. I and my friends who enjoyed bitcoin very badly affected.

I welcome this attack or slashdot! It is 'assassination politics' where the victim is the monopolistic exchange site, not human.

(we're a little familiar - there is no personal animosity)

huh, now I relax and feel good.

Well, as long as someone somewhere wants to buy bitcoins, the price will increase, would it be on mtgox or anywhere else. People who mine bitcoin want to sell at the best price, and if there is enough demand, would it be on mtgox or anywhere else, the price will increase anyway.

On the contrary, unavailability of mtgox may make bitcoins harder to obtain, and cause an extra increase of the bitcoin value...

You're an idealist.

Real exchanges (from wallstreets) halt trading when the rate jumps dramatically. This is because exchange is a most good way of purchase of goods which are sold. (As I know, this technique has worked for centuries.)

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
May 01, 2011, 01:57:08 AM
Last edit: May 01, 2011, 03:09:06 AM by bitcoinex
 #14

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AvGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
Stefan Thomas
Full Member
***
Offline Offline

Activity: 234
Merit: 100


AKA: Justmoon


View Profile WWW
May 01, 2011, 02:14:15 AM
 #15

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AwGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

If this is a joke, it's a bad one. Angry

It sounds credible enough to be serious (with bitcoin address and email) for me to remove btcex from WeUseCoins until this is cleared up.

Twitter: @justmoon
PGP: D16E 7B04 42B9 F02E 0660  C094 C947 3700 A4B0 8BF3
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
May 01, 2011, 02:22:01 AM
 #16

i don't really mind the fees mtgox charges; what i do mind is the lack of service.  i've emailed Mag Tux a half a dozen times this week to do something for me but he has yet to perform.  i think its either too much work for him alone or he doesn't care.  i don't know which.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
May 01, 2011, 02:23:55 AM
 #17

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AwGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

If this is a joke, it's a bad one. Angry

It sounds credible enough to be serious (with bitcoin address and email) for me to remove btcex from WeUseCoins until this is cleared up.

so bitcoinex owns btcex.com?  not to professional to advocate DDoS against a competitor...
bitcoinex (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 252


probiwon.com


View Profile WWW
May 01, 2011, 02:41:02 AM
 #18

By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AwGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

If this is a joke, it's a bad one. Angry

It sounds credible enough to be serious (with bitcoin address and email) for me to remove btcex from WeUseCoins until this is cleared up.

I'm sorry but I'm afraid so is serious. It would cost less than to be owed +$100 every day.

Maybe I even feel sorry about it. But we want anarchy and autoregulation? This is it is.

Just in case, say goodbye in advance. With you it was good, bitcoiners is a great community!

New bitcoin lottery: probiwon.com
- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
Luke-Jr
Legendary
*
Offline Offline

Activity: 2576
Merit: 1186



View Profile
May 01, 2011, 02:53:40 AM
 #19

But we want anarchy and autoregulation? This is it is.
Don't assume everyone has the same goals for Bitcoin that you do. I am a monarchist, and accept that regulation is good and necessary.

Also, your DDoS may be anarchy, but you will soon see the effects of autoregulation: it seems everyone is going to boycott BTCex over this.

PLATO
Sr. Member
****
Offline Offline

Activity: 493
Merit: 250


Don't trust "BBOD The Best Futures Exchange"


View Profile
May 01, 2011, 02:56:26 AM
 #20

Also, your DDoS may be anarchy, but you will soon see the effects of autoregulation: it seems everyone is going to boycott BTCex over this.

God, I love free markets

All posts by me after 2012 were a compromised account. Probably by "BBOD The Best Futures Exchange". SORRY Y'ALL
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!