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Topic: So you think Gox is a fuckup.... (Read 1304 times)

oakpacific
hero member
Activity: 784
Merit: 1000
So you think Gox is a fuckup....
April 25, 2013, 01:46:18 AM
#9
Quote from: teodor87 on April 24, 2013, 04:27:19 PM
Quote from: myrkul on April 23, 2013, 08:04:10 PM
Quote from: oakpacific on April 23, 2013, 07:55:28 PM
What about the Twitter account of a major news agency? Cheesy

Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points?

http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s

You probably have never traded. So what. 140 pips is nothing. Dow Jones has fallen 7000$ - thats 70000 pips in a couple of months when the crysis began. Some people got billionaires (literally) off short positions.

It is ridiculously easy to hack the Twitter account of a major news agency(probably only requires a trojan exploiting a unpatched IE), compared to predict the series of events before the subprime crisis and be in a position to go against the trend with enough funds, the input-ouptput ratio is just different.
teodor87
full member
Activity: 154
Merit: 100
Man is King!
Re: So you think Gox is a fuckup....
April 24, 2013, 04:27:19 PM
#8
Quote from: myrkul on April 23, 2013, 08:04:10 PM
Quote from: oakpacific on April 23, 2013, 07:55:28 PM
What about the Twitter account of a major news agency? Cheesy

Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points?

http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s

You probably have never traded. So what. 140 pips is nothing. Dow Jones has fallen 7000$ - thats 70000 pips in a couple of months when the crysis began. Some people got billionaires (literally) off short positions.
glendall
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Re: So you think Gox is a fuckup....
April 24, 2013, 03:32:45 PM
#7
Yeah Gox holds way too much of the market for sure.

It's up to every dude to do their own part.

I sell my BTC on other exchanges, myself.
QuantPlus
sr. member
Activity: 280
Merit: 250
Re: So you think Gox is a fuckup....
April 24, 2013, 03:10:57 PM
#6
Quote from: jdbtracker on April 24, 2013, 10:09:14 AM
Quote from: QuantPlus on April 23, 2013, 08:16:22 PM
Gox and the NYSE are not even remotely comparable.

Since Gox and other BTC fiat exchanges are this massive clusterfock...

Can someone please explain to me why BTC to gold/silver exchanges...
Are rare and have ridiculous markups...
Since that seems the obvious commodity to commodity way to trade...
And provide some liquidity to BTC.

how do we do this with Gold/Silver?  How can we add liquidity to BTC through these markets?

For example, a BTC exchange...
That accepts only gold/silver as deposits to buy/trade BTC...
And all withdrawals are gold/silver.

As long as you could maintain some kind of balance...
You cut out the Fiat Banking System entirely...
So a bank cannot shut down an exchange...
Regulations for shipping precious metals in small amounts are not onerous.

Plus an exchange like this could have fat margins.

You would have to have Certfied Gemmologists be part of this...
To make sure fake all gold/silver is appraised by a Pro.

That's the way to go... commodity to commodity...
You could expand this into other liquid commodities.

YOU  MUST  BREAK  THE  GOX  BOTTLENECK  TO  FREE  BTC.

glendall
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Re: So you think Gox is a fuckup....
April 24, 2013, 02:35:44 PM
#5
The obvious awesome answer:

gold and silver plated physical BTC Smiley

Casascius actually offers 100 BTC/gold bars for sale. Little excessive but certainly has some appeal.
jdbtracker
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
Re: So you think Gox is a fuckup....
April 24, 2013, 10:09:14 AM
#4
Quote from: QuantPlus on April 23, 2013, 08:16:22 PM
Gox and the NYSE are not even remotely comparable.

Since Gox and other BTC fiat exchanges are this massive clusterfock...

Can someone please explain to me why BTC to gold/silver exchanges...
Are rare and have ridiculous markups...
Since that seems the obvious commodity to commodity way to trade...
And provide some liquidity to BTC.

how do we do this with Gold/Silver?  How can we add liquidity to BTC through these markets?
QuantPlus
sr. member
Activity: 280
Merit: 250
Re: So you think Gox is a fuckup....
April 23, 2013, 08:16:22 PM
#3
Gox and the NYSE are not even remotely comparable.

Since Gox and other BTC fiat exchanges are this massive clusterfock...

Can someone please explain to me why BTC to gold/silver exchanges...
Are rare and have ridiculous markups...
Since that seems the obvious commodity to commodity way to trade...
And provide some liquidity to BTC.
myrkul
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
Re: So you think Gox is a fuckup....
April 23, 2013, 08:04:10 PM
#2
Quote from: oakpacific on April 23, 2013, 07:55:28 PM
What about the Twitter account of a major news agency? Cheesy

Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points?

http://www.youtube.com/watch?feature=player_detailpage&v=kkCwFkOZoOY#t=12s
oakpacific
hero member
Activity: 784
Merit: 1000
Re: So you think Gox is a fuckup....
April 23, 2013, 07:55:28 PM
#1
What about the Twitter account of a major news agency? Cheesy

Seriously, is that all it takes for the world's biggest stock market's index to drop 143 points?
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