MtGox & Litecoin - Its all a rumor gone out of control - page 2.

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: kokojie on April 24, 2013, 11:05:26 AM

Even IF (a big IF), mtgox opens LTC trading, that's nothing new, it only takes the business from BTC-E. Anyone who wanted to buy/sell LTC, could already do it before. I bought 6 figures in LTC by buying Bitcoin on gox, send to BTC-E, obtain LTC. I don't see why should LTC value rise due to such stupid reason. Still need massive amount of merchant support, otherwise the value should be at $0.06 where it belongs.

Nobody with money knows what BTC-E is.

kokojie

legendary

Activity: 1806

Merit: 1003

Even IF (a big IF), mtgox opens LTC trading, that's nothing new, it only takes the business from BTC-E. Anyone who wanted to buy/sell LTC, could already do it before. I bought 6 figures in LTC by buying Bitcoin on gox, send to BTC-E, obtain LTC. I don't see why should LTC value rise due to such stupid reason. Still need massive amount of merchant support, otherwise the value should be at $0.06 where it belongs.

milazi

newbie

Activity: 43

Merit: 0

Quote from: bitcoiners on April 09, 2013, 05:36:02 PM

Someone has been hanging in the troll box way to much thinking this is the troll box.

Sorry dude... Gox has confirmed it's adding LTC and it's also confirmed it's adding LTC this month. WAKE UP.

Oh and ignore for spreading more bullshit.

Now the end of Apr, where is my lovely gox OTC?

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: CoinHoarder on April 23, 2013, 10:19:08 PM

Quote from: RandyFolds on April 23, 2013, 08:47:36 PM

Quote from: CoinHoarder on April 20, 2013, 03:08:40 AM

They have a pretty good rep in the Bitcoin community,

Hahaha...you're joking with this, right? They are a plague on the bitcoin community.

Well... they do handle 80% of all Bitcoin trading, the Bitcoin market cap is about 1.5 Billion dollars right now.

I'd say if they didn't have a good rep, then they would not be the most popular exchange because people wouldn't want to use their service.

Whether that is a good or a bad thing they control 80%... I agree its a bad thing. Price can be affected by the exchange's uptime/downtime/ddos rate/getting hacked/etc... I am a big fan of decentralization, so we need more good exchanges.

We are talking about Magic the Gathering Online Exchange.

They came to control the market because they had no competition for quite a while, and any blossoming competitors suffered enormous breaches. I agree that we need good exchanges. There isn't a single one right now.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: RandyFolds on April 23, 2013, 08:47:36 PM

Quote from: CoinHoarder on April 20, 2013, 03:08:40 AM

They have a pretty good rep in the Bitcoin community,

Hahaha...you're joking with this, right? They are a plague on the bitcoin community.

Well... they do handle 80% of all Bitcoin trading, the Bitcoin market cap is about 1.5 Billion dollars right now.

I'd say if they didn't have a good rep, then they would not be the most popular exchange because people wouldn't want to use their service.

Whether that is a good or a bad thing they control 80%... I agree its a bad thing. Price can be affected by the exchange's uptime/downtime/ddos rate/getting hacked/etc... I am a big fan of decentralization, so we need more good exchanges.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: CoinHoarder on April 20, 2013, 03:08:40 AM

They have a pretty good rep in the Bitcoin community,

Quote from: CoinHoarder on April 20, 2013, 03:08:40 AM

good rep in the Bitcoin community,

Quote from: CoinHoarder on April 20, 2013, 03:08:40 AM

good rep

Hahaha...you're joking with this, right? They are a plague on the bitcoin community.

mr_random

legendary

Activity: 1344

Merit: 1001

Why doesn't someone send magictux a tweet on twitter? He seems to like replying to them Cheesy

Maybe if a few guys ask him he will give an update?

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: matauc12 on April 10, 2013, 09:43:18 AM

Quote from: Wolf0 on April 10, 2013, 01:43:37 AM

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

Its not because someone doesn't comply to law that the law doesn't exist.

They have 2 options. Comply in the coming months (regulation was released the 18th of march 2013 by fincen). Or deny service to US citizens.

"If selling drugs was illegal, no one would be selling them"

But hey, think whatever you want.

I figured they would have to ALREADY deny service to US citizens. Oh, well, yet another reason to expatriate.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

I think MtGox staff has been busy.

They said they will implement LTC soon, and I believe them.

They have a pretty good rep in the Bitcoin community, I don't think they'd risk it over a practical joke that could cause people to lose a lot of money. (IE. someone hearing the news and investing a lot into Litecoin and them not actually ever planning on implementing it.)

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

looks like they haven't released the fix they planed for April 17th. I can still place orders with no fund, I guess it will be a while for LTC support.

cosurgi

sr. member

Activity: 298

Merit: 250

Quote from: Tittiez on April 09, 2013, 06:18:27 PM

MagicalTux said to expect a public statement about alt-coins this week.

11 days passed. Did we have some public statement last week?

matauc12

hero member

Activity: 658

Merit: 500

Quote from: Wolf0 on April 10, 2013, 10:36:41 AM

Quote from: matauc12 on April 10, 2013, 09:43:18 AM

Quote from: Wolf0 on April 10, 2013, 01:43:37 AM

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

Its not because someone doesn't comply to law that the law doesn't exist.

They have 2 options. Comply in the coming months (regulation was released the 18th of march 2013 by fincen). Or deny service to US citizens.

"If selling drugs was illegal, no one would be selling them"

But hey, think whatever you want.

I figured they would have to ALREADY deny service to US citizens. Oh, well, yet another reason to expatriate.

When a new regulation is released, you have a grand father father grace period. They are not gonna pursue legal avenues if a business doesn't comply the next day. I do not know if btc-e plans to comply or not, but it certainly does not mean it is legal.

Also that grace period is usually very objective and can be limited to "within a reasonable amount of time" unless it explicitly states "must comply by xxxx"

matauc12

hero member

Activity: 658

Merit: 500

Quote from: Wolf0 on April 10, 2013, 01:43:37 AM

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

Its not because someone doesn't comply to law that the law doesn't exist.

They have 2 options. Comply in the coming months (regulation was released the 18th of march 2013 by fincen). Or deny service to US citizens.

"If selling drugs was illegal, no one would be selling them"

But hey, think whatever you want.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: crazy_rabbit on April 10, 2013, 02:14:41 AM

Quote from: Wolf0 on April 10, 2013, 01:43:37 AM

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

BTC-E would be forced to do it, if anyone knew who they were. :-) BTC-E isn't legal without a large amount of paperwork in any modern country as far as I know. Not that it dissuades any of us from using it. Just it keeps me from keeping too much money there for too long. :-)

I can only see this as a good thing. AML is bullshit.

The Koolio

hero member

Activity: 560

Merit: 500

Minds are like parachutes they work best when open

Just out of interest who here thinks that gox is manipulating the markets not only with their own stash but with the lag. I believe they create the lag to get people out of the market... a company that size would have sorted it by now but no... clearly making them suspicious

Radacoin

sr. member

Activity: 255

Merit: 250

Quote from: The Koolio on April 09, 2013, 05:30:37 PM

MtGox have lag issues anyway with Bitcoin traffic, often I see upto 8 minutes lag which aside being shoddy service considering how much they make, does make me feel they manipulate markets and prevent trading when it suits them. The addition of LTC would simply over load their already slow system.

MtGox makes shitloads of money at the moment. They invest a fraction of this shitload in new infrastructure and their problems are solved. Plus they make even more money because now they trace BTC and LTC.

According to your logic things like NASDAQ wouldn't be possible. Those system handle 1.000.000 times more transactions than MtGox system does at the moment.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Wolf0 on April 10, 2013, 01:43:37 AM

Quote from: matauc12 on April 09, 2013, 08:46:13 PM

Quote from: Wolf0 on April 09, 2013, 08:33:24 PM

Quote from: matauc12 on April 09, 2013, 06:45:51 PM

If you guys have so much shit to say about a company that honestly didn't really do anything wrong

Didn't really do anything wrong? How about profiting off Bitcoin while throwing one of it's core values down the toilet? They want your name, address, phone number, a recent bill, and a stool sample or they'll lock your funds up tight with no recourse.

That's is AML verification which is required by law...........

If it was, BTC-E would be forced to do it too. Yet they don't.

BTC-E would be forced to do it, if anyone knew who they were. :-) BTC-E isn't legal without a large amount of paperwork in any modern country as far as I know. Not that it dissuades any of us from using it. Just it keeps me from keeping too much money there for too long. :-)

ruggedman_dan

legendary

Activity: 1012

Merit: 1000