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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1805440 times)
ManBearPig
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April 10, 2013, 04:08:37 PM
 #20441

Nice support at $230.

Loving the lag Mt Gox really loving it...


I tweet crypto nonsense: https://twitter.com/DunningKruger_
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crazy_rabbit
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April 10, 2013, 04:11:48 PM
 #20442

Nice support at $230.

Loving the lag Mt Gox really loving it...



Gox Lag. I call it, "time to get a beer".

more or less retired.
qwk
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April 10, 2013, 04:12:04 PM
 #20443

Who did you think were the early adopters/programmers/activists of Bitcoin? Kids born with silver spoon in their mouth?

Exactly. US and EU white, male, middle- to upperclass, high school kids.
Not necessarily silver spoon, but shiny metal spoon at least.

Wow. Welcome to early adopters in the 1990's. Things have changed since then. You know, the rest of the world dooz haz komputuhs.

I must have missed all those sexy African girls on btctalk, sorry.

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
deathcode
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April 10, 2013, 04:12:12 PM
 #20444

Nice support at $230.

Loving the lag Mt Gox really loving it...



It's a chance to buy Smiley

elux
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April 10, 2013, 04:12:37 PM
 #20445

It's a chance to buy Smiley

{"result":"success","return":{"lag":1117805451,"lag_secs":1117.805451,"lag_text":"18 minutes"}}
mccorvic
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April 10, 2013, 04:13:57 PM
 #20446

Gox, I know you love being greedy idiots and all, but it's time to hit the pause button to let your crappy server catch up to itself.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
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April 10, 2013, 04:14:02 PM
 #20447

Nice support at $230.

Loving the lag Mt Gox really loving it...

It's one broken system.

Trading should be suspended while all orders are processed once the lag hits some pre determined number of seconds.

Once it catches up if a pre defined movement in price of say 20% either way has happened during the lag processing some kind of timeout should be initiated.
ManBearPig
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April 10, 2013, 04:15:57 PM
 #20448



I think this sums up the market and my brain at the moment.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
humanitee
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April 10, 2013, 04:17:38 PM
 #20449



I think this sums up the market and my brain at the moment.

Looks like a lucif chart  Cheesy

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qwk
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April 10, 2013, 04:17:53 PM
 #20450



I think this sums up the market and my brain at the moment.

Reminds me of:


Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
mestar
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April 10, 2013, 04:20:31 PM
 #20451

The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price.  So just try to estimate those two numbers and compare them.

That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin.

Can you be more specific at what exactly is not true.

The cost of running the network is not dependent on the cost of creating early bitcoins.  Those were very cheap.  The cost is dependent on the current market price.

That myth is debunked here:

https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them

Ah, yes, but I didn't say that.  

I said that the cost of running the network is dependent on the market price. Let me draw it for you:

(electricity to generate)  --->  bitcoin value           NOT THIS ONE

bitcon price --->  cost of running the network       THIS ONE


See, those two are not the same statements.  Your link is debunking the fist one, quite correctly.  I said the second one.

From the link:

"In fact the causality is the reverse of that (this applies to the labor theory of value in general). The cost to mine bitcoins is based on how much they are worth. If bitcoins go up in value, more people will mine (because mining is profitable), thus difficulty will go up, thus the cost of mining will go up. The inverse happens if bitcoins go down in value. These effects balance out to cause mining to always cost an amount proportional to the value of bitcoins it produces."


The "cost to mine" is probably a major part of cost of running the whole network.










DougTanner
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April 10, 2013, 04:20:51 PM
 #20452

Still 15 minutes lag  Angry


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
ManBearPig
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April 10, 2013, 04:21:20 PM
 #20453


I think this sums up the market and my brain at the moment.

Reminds me of:


Yeah Kandinsky is a fan of mine :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 10, 2013, 04:30:05 PM
 #20454

The forum is barely surviving, with connection errors coming up someone trying another DDOS + manipulation?

BTW, you just lost 12% of your BTC wealth in 4 hours (+ whatever the mystery bids are from 20 minutes ago).
DougTanner
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April 10, 2013, 04:34:21 PM
 #20455

Just broke $230, still lagging like fuck.

Also these forums are under DDOS, shall we move this thread to /r/Bitcoin  Cool


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
humanitee
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April 10, 2013, 04:50:10 PM
 #20456

China @ $287, lol.

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mestar
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April 10, 2013, 04:50:27 PM
 #20457

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April 10, 2013, 04:51:04 PM
 #20458

222, wtf?  Huh
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April 10, 2013, 04:52:20 PM
 #20459

Those weak hands keep sneaking back in.

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 10, 2013, 04:53:38 PM
 #20460

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