Topic: It feels like we are on a new rocketship - page 2. (Read 2206 times)
The albatross has been thrown down. CCMF!
Very sad what happened at Gox. Can't believe Karpeles thinks he can continue with rebranding - so out of touch with reality.
Regardless, as I watch btc prices recover from $430 to $500 and now to $550 - I feel the worse is behind us.
Gox is bust. They have no coins to make good as Karpeles has confirmed a deficit of 700k plus coins via IRC.
This feels like a new rocketship to me. I don't mean to make light of what has happened and to spread unnecessary optimism.
I'm just stating that the market is forward looking - and right now, the future looks pretty good.
BTW - number one lesson of Gox: stay away from exchanges that do not provide segregated verifiable accounts. Especially BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet.
Exchanges need to be more transparent: allow users to switch between segregated versus pooled wallet. Re: pooled wallet - exchanges should report total funds held on behalf of customers and reserves to back those liabilities on the blockchain itself. Weekly or monthly signing of the public address would also be good.
Regardless, as I watch btc prices recover from $430 to $500 and now to $550 - I feel the worse is behind us.
Gox is bust. They have no coins to make good as Karpeles has confirmed a deficit of 700k plus coins via IRC.
This feels like a new rocketship to me. I don't mean to make light of what has happened and to spread unnecessary optimism.
I'm just stating that the market is forward looking - and right now, the future looks pretty good.
BTW - number one lesson of Gox: stay away from exchanges that do not provide segregated verifiable accounts. Especially BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet.
Exchanges need to be more transparent: allow users to switch between segregated versus pooled wallet. Re: pooled wallet - exchanges should report total funds held on behalf of customers and reserves to back those liabilities on the blockchain itself. Weekly or monthly signing of the public address would also be good.
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