MtGox & Litecoin - Its all a rumor gone out of control - page 3.

ruggedman_dan

legendary

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We on P. Sherman 42 Wallaby Way, Sydney

Quote from: bitcoiners on April 09, 2013, 09:38:23 PM

Quote from: ruggedman_dan on April 09, 2013, 09:34:36 PM

Quote from: bitcoiners on April 09, 2013, 09:22:24 PM

Quote from: ruggedman_dan on April 09, 2013, 09:02:34 PM

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

Whoo, 20 ltc... I'd be willing to bet it it was more like 1 or 2k ltc.

If you are willing to bet that much then what's 20 LTC? LTC will probably rise in value between now and then anyway.

What's 20 LTC? Not worth my time no matter how much they go up.

Ok buddy.

Anyone game? Bet still stands.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: ruggedman_dan on April 09, 2013, 09:34:36 PM

Quote from: bitcoiners on April 09, 2013, 09:22:24 PM

Quote from: ruggedman_dan on April 09, 2013, 09:02:34 PM

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

Whoo, 20 ltc... I'd be willing to bet it it was more like 1 or 2k ltc.

If you are willing to bet that much then what's 20 LTC? LTC will probably rise in value between now and then anyway.

What's 20 LTC? Not worth my time no matter how much they go up. That's what 20 LTC is. Now let's see if lips has the courage to back up his wager.

ruggedman_dan

legendary

Activity: 1012

Merit: 1000

We on P. Sherman 42 Wallaby Way, Sydney

Quote from: bitcoiners on April 09, 2013, 09:22:24 PM

Quote from: ruggedman_dan on April 09, 2013, 09:02:34 PM

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

Whoo, 20 ltc... I'd be willing to bet it it was more like 1 or 2k ltc.

If you are willing to bet that much then what's 20 LTC? LTC will probably rise in value between now and then anyway.

elvisrene

sr. member

Activity: 252

Merit: 250

yea litecoin is going threw the roof and so is its difficulty becoming harder and harder to mine only profitable to those that have 2 or more years mining and that have capital ..

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: ruggedman_dan on April 09, 2013, 09:02:34 PM

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

Whoo, 20 ltc... I'd be willing to bet it it was more like 1 or 2k ltc.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

I'll add it after 17th when the lag issue is addressed.

matauc12

hero member

Activity: 658

Merit: 500

Quote from: ruggedman_dan on April 09, 2013, 09:02:34 PM

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

When they add it is pretty irrelevant. Its if they add it or not.

Its not the day it will hit mtgox that the big spike will occur, but the day its on their news feed.

ruggedman_dan

legendary

Activity: 1012

Merit: 1000

We on P. Sherman 42 Wallaby Way, Sydney

I will take bets that MtGox will NOT be trading LTC in the next two weeks.

I got 20 LTC to back up my bet. Who wants to take it?

matauc12

hero member

Activity: 658

Merit: 500

Quote from: freequant on April 09, 2013, 07:57:51 PM

Quote from: matauc12 on April 09, 2013, 05:55:36 PM

Those "meaningless" tweet you are talking about would be enough to put them under trouble for market manipulation. Regulated or not, that is not an avenue that seems likely.

Cryptocurrencies aren't regulated. There aren't any laws forbidding market manipulation in non-regulated instruments.
Beside, announcing support for a commodity / instrument is hardly market manipulation.

Did you read, or just write?

No its not regulated. But as the leader, they gain a lot of trust and protect themselves, and consequently you by following common regulations even if they don't apply (yet).

And announcing wouldn't be manipulation. Leading to believe and then retracting would be.

matauc12

hero member

Activity: 658

Merit: 500

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...........

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Tweet is in no way confirmation that MTGox CEO confirmed anything unless you know the guy personally and he tweeted something you ask him to do when you had a coffee the other day.

API link is definitely confirmation that they have plan to do it. When? We'll see.

btbrae

hero member

Activity: 680

Merit: 500

Like them or not btc-e.com have a 50,000 BTC volume/day and growing fast and a lot of it is from alt trades. They seem to handle things pretty well considering, I've been using them for 2 weeks and despite the DDOS their site is up for me 99% of the time, and things get executed pretty quickly.

Mtgox struggle just with handling 150,000 BTC volume and will soon have to up their game which they have dominated for long enough. Competition is healthy.

They will begin to trade the alts or they will (eventually) fall to the competition.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

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.

freequant

hero member

Activity: 770

Merit: 500

Quote from: VforVictory on April 09, 2013, 08:01:39 PM

Quote from: freequant on April 09, 2013, 08:00:52 PM

Quote from: VforVictory on April 09, 2013, 07:56:04 PM

Quote from: freequant on April 09, 2013, 07:53:06 PM

Quote from: VforVictory on April 09, 2013, 05:38:05 PM

By confirmed you mean some twitter message? Get real. -_-

Alright, MagicalTux confirmed in his official twitter that MtGox is adding LTC but this shouldn't be considered as a positive clue?
Of course, every company CEO loves spreading hoaxes about their firm on Twitter!
Or maybe *you* get real?

If I ran an official company twitter I probably wouldn't name it "Magical Tux".

Whatever you would do is irrelevant.

Whatever some dude tweets is irrelevant*

Moving on...

You are irrelevant (and on ignore from now)

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: freequant on April 09, 2013, 08:00:52 PM

Quote from: VforVictory on April 09, 2013, 07:56:04 PM

Quote from: freequant on April 09, 2013, 07:53:06 PM

Quote from: VforVictory on April 09, 2013, 05:38:05 PM

By confirmed you mean some twitter message? Get real. -_-

Alright, MagicalTux confirmed in his official twitter that MtGox is adding LTC but this shouldn't be considered as a positive clue?
Of course, every company CEO loves spreading hoaxes about their firm on Twitter!
Or maybe *you* get real?

If I ran an official company twitter I probably wouldn't name it "Magical Tux".

Whatever you would do is irrelevant.

Whatever some dude tweets is irrelevant*

Moving on...

freequant

hero member

Activity: 770

Merit: 500

Quote from: VforVictory on April 09, 2013, 07:56:04 PM

Quote from: freequant on April 09, 2013, 07:53:06 PM

Quote from: VforVictory on April 09, 2013, 05:38:05 PM

By confirmed you mean some twitter message? Get real. -_-

Alright, MagicalTux confirmed in his official twitter that MtGox is adding LTC but this shouldn't be considered as a positive clue?
Of course, every company CEO loves spreading hoaxes about their firm on Twitter!
Or maybe *you* get real?

If I ran an official company twitter I probably wouldn't name it "Magical Tux".

Whatever you would do is irrelevant.

freequant

hero member

Activity: 770

Merit: 500

Quote from: matauc12 on April 09, 2013, 05:55:36 PM

Those "meaningless" tweet you are talking about would be enough to put them under trouble for market manipulation. Regulated or not, that is not an avenue that seems likely.

Cryptocurrencies aren't regulated. There aren't any laws forbidding market manipulation in non-regulated instruments.
Beside, announcing support for a commodity / instrument is hardly market manipulation.

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: freequant on April 09, 2013, 07:53:06 PM

Quote from: VforVictory on April 09, 2013, 05:38:05 PM

By confirmed you mean some twitter message? Get real. -_-

Alright, MagicalTux confirmed in his official twitter that MtGox is adding LTC but this shouldn't be considered as a positive clue?
Of course, every company CEO loves spreading hoaxes about their firm on Twitter!
Or maybe *you* get real?

If I ran an official company twitter I probably wouldn't name it "Magical Tux".

freequant

hero member

Activity: 770

Merit: 500

Quote from: VforVictory on April 09, 2013, 05:38:05 PM

By confirmed you mean some twitter message? Get real. -_-

Alright, MagicalTux confirmed in his official twitter that MtGox is adding LTC but this shouldn't be considered as a positive clue?
Of course, every company CEO loves spreading hoaxes about their firm on Twitter!
Or maybe *you* get real?

VforVictory

sr. member

Activity: 280

Merit: 250

V for Victory or Rather JustV8

Quote from: matauc12 on April 09, 2013, 06:59:24 PM

Quote from: VforVictory on April 09, 2013, 06:56:36 PM

Quote from: matauc12 on April 09, 2013, 06:55:52 PM

Quote from: VforVictory on April 09, 2013, 06:52:36 PM

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

Quote from: VforVictory on April 09, 2013, 06:35:57 PM

Quote from: Tomatocage on April 09, 2013, 06:34:53 PM

Quote from: VforVictory on April 09, 2013, 06:32:56 PM

It's also going to expose MtGox to even *more* DDoS. Because, you know, why go after LTC pools when you can stick it to the man.

That's a risk that I'm sure the folks at MtGox have taken into consideration, and apparently they've deemed the juice worthy of the squeeze.

I can only imagine how many people will end up in the hospital due to massive hand to face trauma when that happens...

When they say things like "we are going to reinforce DDOS and working closely with one of the best DDOS protection company".... Well its probably not only PR. At one point, when the protection is big enough, it profoundly discourages even attempts...

If you guys have so much shit to say about a company that honestly didn't really do anything wrong and has been adjusting to its environment pretty well and also held itself accountable the one time it got hacked. I'm not a fanboi, I don't even have an account there. I just hear people bitch bitch and bitch for not many reasons honestly.

Uhhh, Coinotron says it has protection too...but that doesn't stop attackers. Gox has been down plenty enough too, so whatever claims of protection are probably not working/going to work. Especially once all the DDoSers see that they can earn more attacking MtGox for LTC than the LTC Pools.

DDOS protection is quantitative, not yes/no. You can adapt to it, and also can have a dynamic package once you are a that big client. I am quite positive this was a peak and adjustments aren't hard to make. I just see it getting better, not worse.

But hey, you aren't the first pessimist in this world.

Skepticism is quite healthy, especially in this market.

I agree better safe than sorry, but in what were talking about right now, I don't necessarily the benefit...

If you ran MtGox would you be skeptical of your DDoS protection. especially when you add a new currency far more associated with attacks? THat's the general gist of the past few posts, I think.

I mean, you're free to believe it will all go smoothly, but eh...

Topic: MtGox & Litecoin - Its all a rumor gone out of control - page 3. (Read 13733 times)