Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29534.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: adamstgBit on February 18, 2014, 01:24:18 PM

Quote from: fonzie on February 18, 2014, 01:23:39 PM

Quote from: JayJuanGee on February 18, 2014, 01:15:25 PM

Quote from: KeyserSoze on February 18, 2014, 01:08:25 PM

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

Seems like we are going to continue to see these kinds of regulation pressures from governments that are forcing banks to shut off these kinds of profitable services. Though sometimes the banks are likely NOT very excited about Bitcoin - anyhow, and they probably feel as if they can make more money by sticking with fiat.....

"
"basically that means if you have bitcoins and live in canada, you will be unable to sell them on any exchange, even ones outside of the country as the [fiat] funds will be blocked from entering canada."

Shocked

shitty i live in canada.

SELL AS LONG AS IT´s POSSIBLE ADAM. NOW!!!! RUN FOR YOUR FIAT!

magicmexican

hero member

Activity: 812

Merit: 1000

What if Gox is actually broke and all that selling is just them selling imaginary coins that they dont have to get the last bit of money they can get?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: dreamspark on February 18, 2014, 12:59:34 PM

Plus what would make you believe [Mark has the BTC]? Screenshot of bitcoinqt?

Someone suggested that he could tell the addresses and move the bitcoins among his addresses so prove that they are his.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: fonzie on February 18, 2014, 01:23:39 PM

Quote from: JayJuanGee on February 18, 2014, 01:15:25 PM

Quote from: KeyserSoze on February 18, 2014, 01:08:25 PM

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

Seems like we are going to continue to see these kinds of regulation pressures from governments that are forcing banks to shut off these kinds of profitable services. Though sometimes the banks are likely NOT very excited about Bitcoin - anyhow, and they probably feel as if they can make more money by sticking with fiat.....

"
"basically that means if you have bitcoins and live in canada, you will be unable to sell them on any exchange, even ones outside of the country as the [fiat] funds will be blocked from entering canada."

Shocked

shitty i live in canada.

cdooer

member

Activity: 106

Merit: 10

Quote from: KeyserSoze on February 18, 2014, 01:08:25 PM

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

It doesn't sound like its as cut and dry as the article makes it sound. I haven't heard anything from cavirtex yet, and here's another version http://www.reddit.com/r/Bitcoin/comments/1y9dkq/rumour_bank_of_montreal_closing_bitcoinrelated/

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: JayJuanGee on February 18, 2014, 01:15:25 PM

Quote from: KeyserSoze on February 18, 2014, 01:08:25 PM

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

Seems like we are going to continue to see these kinds of regulation pressures from governments that are forcing banks to shut off these kinds of profitable services. Though sometimes the banks are likely NOT very excited about Bitcoin - anyhow, and they probably feel as if they can make more money by sticking with fiat.....

"
"basically that means if you have bitcoins and live in canada, you will be unable to sell them on any exchange, even ones outside of the country as the [fiat] funds will be blocked from entering canada."

Shocked

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: KeyserSoze on February 18, 2014, 01:08:25 PM

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

Seems like we are going to continue to see these kinds of regulation pressures from governments that are forcing banks to shut off these kinds of profitable services. Though sometimes the banks are likely NOT very excited about Bitcoin - anyhow, and they probably feel as if they can make more money by sticking with fiat.....

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: KeyserSoze on February 18, 2014, 12:54:47 PM

the ones in Canada seemingly abide by the required laws as far as I have read.

I just saw that apparently Canadian banks have taken a turn for the worse...
http://www.reddit.com/r/Bitcoin/comments/1y7ln2/cointradernet_canadas_last_bitcoinfriendly_bank/

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: runam0k on February 18, 2014, 12:37:42 PM

Is it possible to transfer USD between MtGox users?

It might be worth buying some MtGox USD (for real world BTC), converting to MtGox BTC and if all goes well and MtGox hasn't lost all the BTC, withdrawing the BTC at a later date.

Anyone brave enough?

It does NOT make any sense to convert real BTC for Mt. Gox BTC. But it could make sense to put real dollars into Mt. Gox to buy Mt. Gox BTC on the bet that Mt. Gox BTC will be converted to real BTC at a future date.

Quote from: Arcas on February 18, 2014, 12:40:15 PM

Quote from: runam0k on February 18, 2014, 12:37:42 PM

Is it possible to transfer USD between MtGox users?

It might be worth buying some MtGox USD (for real world BTC), converting to MtGox BTC and if all goes well and MtGox hasn't lost all the BTC, withdrawing the BTC at a later date.

Anyone brave enough?

Some people have been trying to buy Gox-bucks on the forum in the past few days. I'm not sure how they facilitate the trade, because I've never used MtGox, but some people like to live dangerously.

It seems that you would get Mt. Gox bux by giving real bux for them, and then hoping that some day your Mt Gox bux will materialize into real bux.... thus, currently, you would probably get at least twice as many Mt. Gox speculative bux for giving the real buck and the bet that Mt Gox bux will materialize into real bux.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: Arcas on February 18, 2014, 12:38:40 PM

I don't understand why Bitcoin ATMs are such a big deal. It's almost like a kiosk for paying a credit card bill or something. Why would I pay a ridiculous premium for something I can do for so much cheaper at my own home?

Because it takes FOUR days minimum to buy from home if you are not already set up to do so. If price is changing rapidly, that can cost you far more than a 10-20% fee.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: billyjoeallen on February 18, 2014, 11:28:52 AM

Quote from: magicmexican on February 18, 2014, 11:26:16 AM

What i mean is that price going from the ~300 to 412 after the update, and then down to 250 without any new info, just somewhat illogical.

I would be thinking that if there are people who think that their coins are gone - they should've sold their coins days ago, not now

I agree with you, but you know the old saying: markets can stay irrational longer than you can stay solvent.

Yeah, but the guy who first said that was a tit.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: adamstgBit on February 18, 2014, 12:54:07 PM

Quote from: molecular on February 18, 2014, 12:45:02 PM

It would be trivial to prove he has the BTC. Why doesn't he do it?

Mark is saying its not trivial because of the intense security measures in place for the cold storage.

Plus what would make you believe he had it? Screenshot of bitcoinqt?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: KeyserSoze on February 18, 2014, 12:36:14 PM

Quote from: JorgeStolfi on February 18, 2014, 10:33:41 AM

Do you know what fees they will charge?

Likely outrageous like other Bitcoin ATMs. I imagine it'll stay this way (though to a lesser extent once the machines are ubiquitous) because the user is paying for convenience, just like the $2-$5 fee at a cash ATM.

Don't confuse Bitcoin's "nearly free" nature with the businesses surrounding it. A business wouldn't stay in business if it didn't make money. The market will decide if it wants Bitcoin ATMs enough to pay the fee.

If Canada is an example then the market appears to be OK with it. Last I read a coffee shop ("Waves" I think) ATM could barely keep stocked with Bitcoin even though the fee was high.

I get your point about demand being high.. despite a high fee; however, your description is a bit off, here. There is NO reason to stock Bitcoin b/c it is NOT physical. Maybe they ran out of stock of something else? Or limitations on transactions?

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: Arcas on February 18, 2014, 12:48:42 PM

Quote from: KeyserSoze on February 18, 2014, 12:45:53 PM

I imagine that not only do some folks not trust any exchange, there's often a bunch of time and paperwork involved to get one's account setup. ATM is seemingly less hassle. The palm print thing adds an interesting twist to it however...

That paperwork exists for a reason. Those ATM's won't avoid federal regulation forever if they don't collect user data and accept cash.

Well, the ones in Canada seemingly abide by the required laws as far as I have read. The U.S. doesn't have any because of regs however apparently some are coming:
http://www.theverge.com/2014/2/18/5421708/robocoin-bitcoin-atm-seattle-austin-launch
(i haven't read this article yet...)

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: molecular on February 18, 2014, 12:45:02 PM

It would be trivial to prove he has the BTC. Why doesn't he do it?

Mark is saying its not trivial because of the intense security measures in place for the cold storage.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: molecular on February 18, 2014, 12:45:02 PM

It would be trivial to prove he has the BTC. Why doesn't he do it?

An interesting question. I have to admit as much as think Gox is taking more heat than it deserves, the situation does look bad. Mark has come through in bad times before though, so I hold out hope.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: wpalczynski on February 18, 2014, 12:43:20 PM

+++++ 1

Quote from: marcus_of_augustus on February 18, 2014, 03:29:40 AM

Quote from: Mythul on February 18, 2014, 03:13:35 AM

Quote from: kkaspar on February 18, 2014, 02:53:49 AM

Take a team of good 100 python coders and give them a year and there would be a coin that would surpass bitcoin in every quality aspect.

I strongly disagree with this statement. I'm not sure if you know how to code but in Computer Science you can't brute force yourself to innovation.

If that were true than Microsoft, Apple and Google would be the only successful tech companies and we all know that is not the truth and they buy small companies like crazy.

1 genius computer scientist can do more that 1000 good computer scientists. Did you even look at the Bitcoin code ? It is pretty light. You could write some 1000 lines of code that could change the world forever if you have the skill. And usually in IT, bigger teams are always worst that smaller teams. At least that is my point of view.

hahaha, kkapser's a blowhard ... he's not writing 1000 lines of anything except pure unadulterated FUD.

1) every communist regime known has had rampant monetary inflation

2) the most prosperous nation and period known in economic history is the free market capitalism under the deflationary gold standard period of the 1800's in USA.

yeah, the good ol´times...

Arcas

hero member

Activity: 1036

Merit: 524

Quote from: KeyserSoze on February 18, 2014, 12:45:53 PM

Quote from: Arcas on February 18, 2014, 12:38:40 PM

I don't understand why Bitcoin ATMs are such a big deal. It's almost like a kiosk for paying a credit card bill or something. Why would I pay a ridiculous premium for something I can do for so much cheaper at my own home?

I imagine that not only do some folks not trust any exchange, there's often a bunch of time and paperwork involved to get one's account setup. ATM is seemingly less hassle. The palm print thing adds an interesting twist to it however...

That paperwork exists for a reason. Those ATM's won't avoid federal regulation forever if they don't collect user data and accept cash.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: Arcas on February 18, 2014, 12:38:40 PM

I don't understand why Bitcoin ATMs are such a big deal. It's almost like a kiosk for paying a credit card bill or something. Why would I pay a ridiculous premium for something I can do for so much cheaper at my own home?

I imagine that not only do some folks not trust any exchange, there's often a bunch of time and paperwork involved to get one's account setup. ATM is seemingly less hassle. The palm print thing adds an interesting twist to it however...

molecular

donator

Activity: 2772

Merit: 1019

Quote from: bambou on February 18, 2014, 11:45:49 AM

Quote from: adamstgBit on February 18, 2014, 10:59:13 AM

Quote from: magicmexican on February 18, 2014, 10:55:37 AM

Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

What i dont understand is why Gox isnt comuunicating clearly on the fact that they still have all the BTC from its customers.

It would be trivial to prove he has the BTC.

Why doesn't he do it?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29534. (Read 26609250 times)