and all will be well in the bitcoin economy. Frankly I HOPE Mt. Gox stays online because it represents another source of competition which is good for the bitcoin economy. Without it what would happen is One of the exchanges would get cozy in their spot and start ripping people off.
Topic: Gox BTC hitting TH Auction Block (Read 7517 times)
When Mt. Gox finally comes back online the price will fluxuate a bit and then stablilize and all will be well in the bitcoin economy. Frankly I HOPE Mt. Gox stays online because it represents another source of competition which is good for the bitcoin economy. Without it what would happen is One of the exchanges would get cozy in their spot and start ripping people off.
and all will be well in the bitcoin economy. Frankly I HOPE Mt. Gox stays online because it represents another source of competition which is good for the bitcoin economy. Without it what would happen is One of the exchanges would get cozy in their spot and start ripping people off.
This is old news, shutting this baby down.
If sticking with mtgox makes me a sucker, than I'm a sucker. I'd rather trust someone who has dealt with a compromise than someone who is just hoping their security is good enough. They cockiness of newer users is starting to get very annoying. They all know how stupid everyone else is, and they ignore reason. I'm not targeting anyone in particular in this thread with these comments, but I'll be surprised if nobody jumps in to start the name calling. Obviously, not all new users are part of the problem, but these forums have become much less enjoyable over the past few months. Let's spend less time insulting each other and try to have a constructive discussion. Like I said, shit happens and I'd rather put my money with those who know how to use a shovel.
It's hard to have a constructive discussion when so many people here just blindly believe bitcoins will keep going up and up and away!!
I never made that claim. I have some modest savings, but I'm prepared to lose it all. I prefer to use bitcoins for transactions. I do see a lot of upside potential, but I'm not blind to the inevitable downswings. I do see your point though. But after a few more months all the new users will either be burnt or just a bit more rational. Unfortunately, most of the old hats have retreated from this forum because it has become such a repetitive shitstorm.
Just for the record, I don't think bitcoin is going to zero. There's some figuring out that's got to go on over the next days and weeks about exactly how risky bitcoin is. There's money to be made here.
If sticking with mtgox makes me a sucker, than I'm a sucker. I'd rather trust someone who has dealt with a compromise than someone who is just hoping their security is good enough. They cockiness of newer users is starting to get very annoying. They all know how stupid everyone else is, and they ignore reason. I'm not targeting anyone in particular in this thread with these comments, but I'll be surprised if nobody jumps in to start the name calling. Obviously, not all new users are part of the problem, but these forums have become much less enjoyable over the past few months. Let's spend less time insulting each other and try to have a constructive discussion. Like I said, shit happens and I'd rather put my money with those who know how to use a shovel.
It's hard to have a constructive discussion when so many people here just blindly believe bitcoins will keep going up and up and away!!
I never made that claim. I have some modest savings, but I'm prepared to lose it all. I prefer to use bitcoins for transactions. I do see a lot of upside potential, but I'm not blind to the inevitable downswings. I do see your point though. But after a few more months all the new users will either be burnt or just a bit more rational. Unfortunately, most of the old hats have retreated from this forum because it has become such a repetitive shitstorm.
It's hard to have a constructive discussion when so many people here just blindly believe bitcoins will keep going up and up and away!!
And yet money is based on the belief of its value.....
Oh the irony.
If sticking with mtgox makes me a sucker, than I'm a sucker. I'd rather trust someone who has dealt with a compromise than someone who is just hoping their security is good enough. They cockiness of newer users is starting to get very annoying. They all know how stupid everyone else is, and they ignore reason. I'm not targeting anyone in particular in this thread with these comments, but I'll be surprised if nobody jumps in to start the name calling. Obviously, not all new users are part of the problem, but these forums have become much less enjoyable over the past few months. Let's spend less time insulting each other and try to have a constructive discussion. Like I said, shit happens and I'd rather put my money with those who know how to use a shovel.
It's hard to have a constructive discussion when so many people here just blindly believe bitcoins will keep going up and up and away!!
Also just because YOU chodpaba took all your bitcoins out of mtgox dosen't mean everyone did.
That is most likely true.
But shortly after Mt. Gox opened the gates some 2.42 million BTC moved from somewhere to somewhere else.
http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3
Much less than 2.42 million. That's the change from MtGox's 48,480.94 BTC being counted multiple times as it moves from address to address. At the end of the block 46,391.666 BTC remains, so its closer to 2,000 BTC (plus) that actually changed hands in that block.
If sticking with mtgox makes me a sucker, than I'm a sucker. I'd rather trust someone who has dealt with a compromise than someone who is just hoping their security is good enough. They cockiness of newer users is starting to get very annoying. They all know how stupid everyone else is, and they ignore reason. I'm not targeting anyone in particular in this thread with these comments, but I'll be surprised if nobody jumps in to start the name calling. Obviously, not all new users are part of the problem, but these forums have become much less enjoyable over the past few months. Let's spend less time insulting each other and try to have a constructive discussion. Like I said, shit happens and I'd rather put my money with those who know how to use a shovel.
Also just because YOU chodpaba took all your bitcoins out of mtgox dosen't mean everyone did.
And yet the 24hour volume keeps getting lower from yesterday...
does anyone know how many bitcoins are still in MtGox?
is there some kind of updated volume sheet/chart?
is there some kind of updated volume sheet/chart?
No exchange that I know of in existence posts how much money and trade item they store.
All you tradehill monkey spammers are pathetic to put it mildly. If i was admin here Id ban it by now. Other than that, bitcoin is trading well within its usual daily swings.
does anyone know how many bitcoins are still in MtGox?
is there some kind of updated volume sheet/chart?
is there some kind of updated volume sheet/chart?
paypal freezes assets whenever they feel like it, hasn't seemed to slow them down
Thx 3 bmp
paypal freezes assets whenever they feel like it, hasn't seemed to slow them down
The plummet continues... >10% fall from today's high since Mt. Gox opened. No news to break the trend in sight, many holders traumatized by the hack.
No one will fall for your trolling.
Just stating the facts mam.
Oh, I guess facts is facts.
Riddle me this DrYe5... What happens to the exchange rate when one side of the orderbook is empty???
What do you think will happen when Mt. Gox opens with no BTC on the orderbook because everybody withdrew it?
Mt. Gox will be shortly irrelevant so I'm not sure the point of your question. Only a fool would trust their money to Mt. Gox.
I love how everyone is calling the demise of Mt Gox. Too bad none of them are man enough to eat the humble pie when it's time.
If Mt Gox does not become irrelevant, it only speaks to the stupidity of its users.
Yeah, because no corporation, bank, or any other institution has ever been compromised or done anything to lose the trust of their users and successfully recovered to come back and be stronger than they were before. Good point.
Could you point out a bank that has had all of its clients' usernames and passwords released to the public?
Same lame apples to oranges arguments. Mt Gox is not a bank, quit trying to pick a nuclear option out of a list of generalized examples.
If all that was compromised at my bank was my password, I'd be ecstatic. Who the hell is going to post a password file when they break into a bank? They steal account info, personal info, everything they need to get credit. Just like Citi.
Some of you have pointed out some fairly good examples. I suppose the situation would be recoverable..............if only the place wasn't just run by 2 kids in Japan!!
Stolen data is one thing. Frozen assets is quite another.
Some of you have pointed out some fairly good examples. I suppose the situation would be recoverable..............if only the place wasn't just run by 2 kids in Japan!!
Could you point out a bank that has had all of its clients' usernames and passwords released to the public?
Probably not a perfect example, but how about
Stolen Fidelity Laptop Contained Info on 196,000 HP Staffers
bank of america and wachovia had like a million accounts compromised about 5 years ago
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