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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649317 times)
Bitobsessed
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March 12, 2013, 05:56:35 AM
 #13361

http://blockchain.info/blocks/1363065731715

This race is also entertaining to watch.

it appears the main chain has overtaken the orphaned chain. doesn't that mean the problem is solved?
No, its the orphaned chain that needs to take over the main chain.
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oakpacific
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March 12, 2013, 06:10:14 AM
 #13362

Reorg counting down....

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 12, 2013, 06:13:59 AM
 #13363

Reorg counting down....
1 more...
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March 12, 2013, 06:16:17 AM
 #13364

http://blockchain.info/
or
http://blockchain.info/orphaned-blocks
solex
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March 12, 2013, 06:22:42 AM
 #13365

it's done. more fireworks now...

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March 12, 2013, 06:25:10 AM
 #13366

it's done. more fireworks now...

idk but i think the Orphaned chain has to surpass the Main Chain

so its not done? 2 more blocks now  ?

http://blockchain.info/blocks/1363065731715

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March 12, 2013, 06:26:45 AM
 #13367

it's done. more fireworks now...

idk but i think the Orphaned chain has to surpass the Main Chain

so its not done? 2 more blocks now  ?

http://blockchain.info/blocks/1363065731715

After taking it over, the main chain is the right one now...

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 12, 2013, 06:29:08 AM
 #13368


zyphus
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March 12, 2013, 06:34:26 AM
 #13369

Any speculation to why people are rushing to sell their bitcoins now?

@43.65 and quickly dropping...  : /
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March 12, 2013, 06:37:29 AM
 #13370

Any speculation to why people are rushing to sell their bitcoins now?

Because the market is smarter than anyone and knows that if this problem happens once it can happen again and worse.
Black day for Bitcoin, but time will heal.

SlaveInDebt
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March 12, 2013, 06:37:56 AM
 #13371

Any speculation to why people are rushing to sell their bitcoins now?

Awaiting in route delayed btc stored off Gox to be dumped.

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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March 12, 2013, 06:39:24 AM
 #13372

Any speculation to why people are rushing to sell their bitcoins now?


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 12, 2013, 06:44:37 AM
 #13373

I agree with you sole, I lost quite a bit today. The bigger question is what if bitcoin does go further mainstream and more and more merchants depend on it, our global economy is very frail as it is and I don't think we can afford to overlook the possibility of something like this happening again. : /
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March 12, 2013, 06:48:23 AM
 #13374

Any speculation to why people are rushing to sell their bitcoins now?



at least he's a slowpoke at it

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March 12, 2013, 06:49:44 AM
 #13375

Any speculation to why people are rushing to sell their bitcoins now?

Because the market is smarter than anyone and knows that if this problem happens once it can happen again and worse.
Black day for Bitcoin, but time will heal.

The market will regain confidence once it figures out how awesome it is to be able to really aware of the problem, if it were a bank the investors would have no knowledge until it stinks.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 12, 2013, 06:57:50 AM
 #13376

mtgox has not been very transparent recently (same as any other fiat bank), especially since the drop in value today, if mtgox and other trading co. continue to act this way bitcoin will not be able to recover since its value comes directly from people believing in it.
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March 12, 2013, 06:59:08 AM
 #13377

Any speculation to why people are rushing to sell their bitcoins now?

Because the market is smarter than anyone and knows that if this problem happens once it can happen again and worse.
Black day for Bitcoin, but time will heal.

The market will regain confidence once it figures out how awesome it is to be able to really aware of the problem, if it were a bank the investors would have no knowledge until it stinks.

and also how quickly it was fixed. pretty damn amazing.

Yep. And if the fx rate stabilizes and begins its normal behavior from $45 then it would seem to have taken only a 5% hit from this experience or $25m off the "market cap". Not too bad...

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March 12, 2013, 06:59:15 AM
 #13378

The market will regain confidence once it figures out how awesome it is to be able to really aware of the problem, if it were a bank the investors would have no knowledge until it stinks.

What investors and "the market" make out of it will depend largely on the media. And i doubt that they will see it the way you and i do.

They're gonna have field day calling this a "hack", "crash", "broken system", whatever sounds most dramatic for the actual writers' article. And why wouldn't they? It's a good story, after all. Not necessarily true, but just too good to be wasted.

And yes, that will have an impact on the confidence of investors. They may be smart people, but they're also smart enough to not waste their time on really understanding the technicals of their investments.

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
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March 12, 2013, 07:00:43 AM
 #13379

blockchain fork didn't hit the news yet, there may be massive sell off soon. What was the all time high again?  Cool
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March 12, 2013, 07:00:51 AM
 #13380

recently
This is based on your vast and extensive month of experience since registering?
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