I've noticed this over past few weeks. I also saw a message at top of Bitcoinity earlier that said something like, "Crazy lag times are coming directly from Gox's API. You can disable them in preferences." White text on green background. The message was only on-screen for maybe 15 seconds or so.

Surely you read at least 2 story paragraphs...?
"...(DFS) said Mitsubishi-UFJ moved billions of dollars through its New York branch between 2002 and 2007..."

Even before our current "age of information" it has been a known quantity that astrology and all of these psychic games of foreknowledge, including all religion, are just wholesale invention grown on top of ignorance. It does become tough to tolerate when one sees a person over the age of 12 being tricked into believing, spending money on, and putting resources into such fraud.

When passing a 3-card monte table on the street in New York a few people will gather and watch as the scam unfolds. A couple will participate. Eventually someone calls the cops. This person who calls the cops doesn't do it because they can't "tolerate a card game." They understand it is a con and doing something to help prevent idiots from losing money, and maybe to help stop a little bit of danger in the world.

When you're 8, Bigfoot is intriguing, Loch Ness Monster is a possibility and maybe you wonder if you might find an actual Genie in a bottle. Once you grow up, if you still believe in reading chicken entrails, or that a magical undead sky wizard created you, other folks may not be as tolerant of it for the same reasons as the street monte game. Ignorance and zealotry for "mysterious forces" are detrimental to the progression of mankind.
http://youtu.be/N7rR8stuQfk

It's one thing to sit in here and tolerate speculation on the mysterious forces affecting the price of bitcoin -- we signed up for that when we entered the Speculation area, more specifically this Wall Tracker thread. It's another to have to tolerate ignorant religious propaganda and/or endless fraudulent psychic promotion. Please start your own "I Don't Understand Everything About The Universe Yet Therefore Gawd Musta Dun It Tracker" thread or "Mysterious Psychic Stuff That 'Man May Never Fully Understand,' So It Must Be Magically Real" thread.

This is what Full Tilt Poker was doing with credit cards before they were seized by U.S. Gov.

For my part, I had previously put in a few good words about CampBX however I've pretty much stopped using them since it has become nearly impossible to trade on there during price swings. There was a time when one could trade on CampBX when Gox was down from trade lag, however in recent months I've seen several instances of Cloudflare on CampBX and just plain no response even during times when demand WASN'T spiking in general. It's simply become next to unusable for me. The last couple times I used it I basically had to wait until like 3AM EST when no one was using it, just to get money in and buy so I could transfer the BTC elsewhere.

Not exactly government but how will this affect Bitcoin?
http://www.wired.com/opinion/2013/11/so-the-internets-about-to-lose-its-net-neutrality/
Probably should be its own thread if one doesn't exist...

Maybe we should let rich folks know where to park their dough?
http://www.cnbc.com/id/101157290

Under "top stories" on CNN.com home page, "What is bitcoin?":
http://money.cnn.com/infographic/technology/what-is-bitcoin/?hpt=hp_t3

Thank goodness Coinbase has been down for 45 minutes. I very nearly paid them a percentage to use their service but they wisely kept me from doing so.

I just paid Overstock.com in bitcoin using @Coinbase! http://www.overstock.com/bitcoin

Pillows, shower rack.
https://bitcointalk.org/index.php?topic=407448.msg4416027#msg4416027

Maybe we can get McDonald's and Toys "R" Us on board once the price gets back to $1200?
http://www.palmbeachdailynews.com/news/news/local/pb-group-invests-in-one-bitcoin/nckPS/

Did you see how excited Zabel was to announce his office owned $30 million in BTC? He lit up. Seemed giddy to be a part of it all.

I don't have any specific knowledge of the process but here are some answers as I see it....



The hearings are for the New York state government's regulating body to learn more about (virtual) crypto-currency so they may understand it better as a whole before deciding whether it specifically needs more law/regulations concerning it. This government body asked "representatives" from law enforcement, commerce, and academia to publically testify and answer questions to this end.



New York state is an important financial center for the Unites States and arguably the world.



Well, theoretically it's for New York residents, however because NY is so important understandably the world may be curious. How New York decides financial regulations is understood to possibly affect how other states may act, and even possibly federal actions.



Washington DC is important federally (for the country); New York is important regionally (state). However since this is financial regulation within New York state it could be construed as important not only federally but globally since arguably some other countries may look to the U.S. regarding financial regulation.



The output is uncertain. It could lead to new law, amended law, or nothing. If nothing else it certainly is serving to help government better understand how important Bitcoin is.



I would assume there is a 100% likelihood some document would result from this hearing however conclusions may come as proposed laws/amendments. I would guess it's possible if they decide not to act at all they may issue a statement to that effect.

I think the regulators just got the picture on the effect Bitcoin could have on banks. Interesting to see the light bulb go on.

Poor fellow sitting in between Ripple Shill and Bear Troll...

My first thought was, "maybe this is Nagle or Proudhon who somehow got past security and are trolling away."

The U.S. government confiscated DPR's Bitcoins.

So should it come to your stash you'd be much smarter and more secure, eh? And you're impervious to a $5 wrench?

Why would you state this as fact having no knowledge of its veracity, the same way you assert he had poor security?

I find this part about the family a little odd in that implies one's family would care more about the Bitcoins than dad's/husband's life. I guess it varies from family to family. Surely most of us want to provide for our family however if someone were being tortured I imagine the animal instinct of self-preservation would kick in whether we feel warm and fuzzy about it or not.

If you have a stash and you are the only one with the password but even you "can't access it" and you are killed, who will be able to get the stash? If the stash requires multiple signatures and one of the parties dies with the password, who gets the stash?

Wouldn't this be a sweet use for BTC? Like stepping into the future...
http://www.youtube.com/watch?feature=player_embedded&v=qmHwXf8JUOw

Too bad dinosaurs are still braying at meteors...
http://www.breitbart.com/InstaBlog/2014/01/30/FAA-Stops-Beer-Drone-Delivery

Oh yeah, look at that price. Will it go up, down or sideways?

Sorry, New York! Shoulda used Bitcoin instead of that dirty cash!
http://www.dnainfo.com/new-york/20140130/midtown/millions-of-dollars-phony-100-bllls-flooding-big-apple

LOL... u guessed 20 numbers between 725-991, added "-ish" to those numbers, called this a "channel" and now claim victory that the price hovered around one of your "-ish" guesses for 3 hours. On top of that you said "i expect it to go up but it could go sideways and here are some lower prices in case it falls."

Quick, sign me up for your newsletter, Nostradamus. Care to give us another $250 range guess in quatrain?

A fundamentals guy. Got it. This must be why you're defensive about charts you took such effort to create. I may be in the market for bone divination if you accept Bitcoin.


Except the Bitchslap price *hasn't* been stuck at 817 for 24 hours. It hasn't been anywhere near stuck at any price except during their maintenance period. You'd have been better off telling me it would be stuck at 824.4 during maintenance, but you couldn't even guess that correctly even though they announced the maintenance ahead of time. Unfortunately not only can't you tell the future but you seem to have trouble faking it even when given a leg up. But don't feel bad, no human can see the future with better odds than luck provides.


I thought we were stuck at 817?


Careful, you're heading toward intellectual honesty. "It could go up, down or sideways."


FTFY


So you'd like a month for your fortune telling to come to fruition? That's some mad solid skillz you gotz. I would think if you're so into fundamentals plus TA you might be able to narrow the time frame down to some specific times and dates. Silly me.


Except it didn't. You've deluded yourself into thinking it did. Are you sure you don't believe in this stuff as you claim? You're just posting it for fun, right? You're a fundamentals guy, right?


The price, which is anything but magical, did trade at various price in the last 24 hours. If you can tell the future you should be able to help Bitcoinity out by providing them with all their charts into next year.


What's happening here is that you're human and you think you saw some pattern in the chaos. The intellectual side of you understands it is bullshit, but yet, you saw a pattern and being intellectually curious want to understand why. So you learn a little about TA fortune telling and it seems to make some sense, strengthening the bias toward the patterns you see. Now you see even MORE patterns: confirmation bias.

In an effort to gain some confidence and seek approval from peers you posted your confirmed nonsense "just for fun". A bit concerned about posting your brave new astrology TA discoveries, you were sure to tell us up front you're just kidding around, you still believe in "fundamentals." Yet you vigorously defend your star price data even though it is plainly vague and downright wrong approximately 50% of the time. I guess I should say 66% since the price can always go up, down or sideway, making any guess @33% correct.


And many times not, though I'm sure you don't count the losses.


If these old timers knew the future why have they been trading for an entire career only to retire with less money than Bill Gates? Surely if their voodoo worked they would all be the wealthiest people on the planet solely from trading precognition. They could publish their precognition rules and any human would be able to follow these rules and become the wealthiest people on the planet. Strangely this hasn't happened.


As annoying as that all can be at least it has the honesty of emotion, hopes, dreams, without trying to call it "science" which is what TA proposes (always with a hedge of course). The hedge is necessary because it's all horse pucks. Go ahead, give us another "channel" that might go up, down or sideway within a few weeks.


I haven't even seen you post a lot of this TA gibberish, I've just been watching many folks post this nonsense for so long and you happened to catch me at a bad time I guess. I've watched America be mired in superstition for so long, I just feel like enough is enough even in this international forum. Anyway, onward with your TA and buzzword usage, or CCMF and all that. I'll leave you alone now.

This is practical dating advice as well.

No worries. We've recently learned price does not go up or down, it merely pivots around $817.

Boy: The BTC price does not bend. That's impossible. Instead only try to realize the truth.
Neo: What truth?
Boy: There are no price changes.
Neo: No price changes?!?
Boy: Then you'll see that it is not the price that bends but only eternally pivots around $817.

For a while this ballpark scenario seemed plausible but now I don't think a continuation of it accounts for S-curve adoption, should that happen. Would be interesting if the U.S. kept DPR's coins instead of auctioning so they could bootstrap U.S. gov exchanges: http://www.bloomberg.com/video/can-bitcoin-save-the-post-office-iQx5kWnzQI~iWL2ZmNNm0A.html

Cool graphic. Reminds me of Spirograph.

There are definitely bots inflating the post volume as well. I wonder what the ACTUAL post amount is, and whether this thread is over-valued.

I think many understand the exchanges are run by folks who do not know how to properly run exchanges and are therefore unsurprised. The surprise for me was they apparently admitted it to you.

"I did NOT have sexual relations with that woman!" (USA joke)
http://www.youtube.com/watch?v=KiIP_KDQmXs

Your mythology can be interesting but it's hardly awesome.

A confirmed source has revealed CampBX only has dark puddles.

+1. Usully a bit of price lag at Coinbase. Seems to me the faster/farther the fall, the wider the spread. One can almost count on never catching Bitstamp's bottom at Coinbase, however if one is a "glass is half full" kind of person he may be mildly happy to occasionally catch Coinbase lower than Bitstamp because Bitstamp has started climbing again before Coinbase catches up.  

Would be hilarious if he made a deal, U.S. gov sent coins then Mark said, "Sorry, I can't send funds to U.S. and BTC withdrawals have been suspended. But you can keep trading just like normal!"

This is news to you? The FAQ is clear:
https://bitcoin.org/en/faq#is-bitcoin-anonymous


Like a credit card (except it often requires ponderous resources to find out the name on the card)?


Of course you mean "this fork" and not Bitcoin or cryptocurrency in general. You are welcome to create your own fork or coin and explore this project's decentralized nature.


You must have heard by now Bitcoin is in Beta. Developers can't help it if people heaped tons of value onto it before it was finished baking. This is your fault, not Bitcoin or the developers' fault.

I don't agree Bitcoin "the project" has security issues. Exchanges, wallets, and some developers have not handled THEIR security well. Some participants have not practiced care and have lost coins and money.

In addition, if you haven't learned this lesson in life yet then maybe you will thank me: software is an arms race. Nothing is safe. It is only hardened by putting up roadblacks which nefarious types eventually work around; to which more roadblocks are added.



Absurd. You're disgruntled because you feel entitled to huge monetary gains and Bitcoin isn't giving it to you fast enough (of all things)? Please, put your money elsewhere. Oh, and nice timing coming into Bitcoin so late, and now wondering if Tesla would be better since they too already exploded in profit. Maybe consider GE, I hear electricity will be big.

This is, you know, like, just your opinion, man. My opinion, being an owner of an electric car since 2010, is that it is much better for my daily use than the gas-powered truck I have sitting collecting dust next to it.


3 fires resulting from collision and/or road debris.
http://www.bloomberg.com/news/2014-01-27/musk-s-fire-numbers-are-a-stretch-but-teslas-are-safe.html
"By this comparison, gasoline cars is still a striking four times more likely to catch fire than Teslas."

Since billyjoeallen has now confirmed that the number of fires in an automobile should determine what we drive, I demand all use of gas powered vehicles to cease. Thank you for your cooperation.

The range of my Nissan Leaf is laughable except it's all I need for 360/365 days a year. @77 miles depending on situation. There are EVs that go more or less. Tesla is @204-306 depending on model.

It's a good thing the average U.S. mileage per day is 37 so that even the Leaf has the average person's daily mileage covered:
https://www.fhwa.dot.gov/ohim/onh00/bar8.htm


Ah, OK, so to be clear your problem with EVs is "power density" and not the "exploding battery" FUD you spewed? Today's Tesla goes half the miles of a gas car so you shouldn't need to wait much longer. As a bonus, Tesla just finished their cross-country supercharger network and you can now drive US. coast to coast for free.
http://www.teslamotors.com/supercharger



The only comment I have is that I can't recall the actual name for this axiom: it is much easier for a doofus to spread FUD than it is for some conscientious person to debunk it. So mostly I ignore what you have to say because I can't take all day every day to continually point out where you're wrong. The problem is you seem to have about 20% interesting stuff to say so I can't just click the ignore button.


I don't know. Could you find out the exact amount and let me know? It's a Ford Escape Hybrid, if that helps you. I forget the year at the moment so this will make your exact calculations tougher. Word of warning before you begin your math and interviews with all involved parties: I don't care.


What's interesting here is you are the one who went off topic to attack, then when one responds you ask them to get back on topic. It's akin to a criminal who once persecuted asks, "can't we just forgive and move on?" You poked the hornet nest now suffer the sting.

If I am your junior then, old man, you'd likely lose at pecker flexing. No cheating with your little blue pills either.

Please show me where I claimed electric cars save the environment or money. Hint: I wouldn't bother wasting your time.

But since you brought it up, a quick Google search shows many more articles confirming that green cars are better for the environment. But I don't know since I haven't really looked into any science behind it. I'm sure since you seem to be a global warming denier (in other words you choose to ignore the facts inconvenient to your conspiracy-laden worldview) that you'd find just as many links supporting your argument at lunatic fringe sites.

The point, as with religion, is neither one of us has time to do detailed research so you choose either to live in a world of science or fantasy. When it comes to conspiracies we can't always know the machinations behind everything we do. It is fun to go down the rabbit hole and not as easy to climb back out. One either climbs back out or, to his detriment, gets mired in it.

But, you know, spend your life as you please. If that's as an angry, old, toothless, shut-in cooter sitting in a rocking chair facing the front door, with one hand on a stack of gold coins and the other on a shotgun, keeping an eye on your jug of moonshine close by, then so be it.


Eekgad... you don't really want to go down this path do you? I mean, adding in calculations for all conceivable ecological/shipping costs for combustion versus electric cars? What's the point? Too tedious. All autos take money to produce and ship. All autos take money to produce the energy/storage upon which they feed. There are pros and cons.


Hyperbole much? Conspiracy fueled, consistently misspelled, mindless hillbilly ranting. Bitcoin is perfect for you!

My vote for world's biggest con is organized deity worship mythology, i.e., religion. You wouldn't happen to also be one'a dem dere Jesus dimwits, would you?

You're assuming no other exchange lost coins. Gox transparently admitted there were fraud attempts due to the malleability issue and then other exchanges made software changes. Who's to say whether a less transparent exchange would admit as much? So is Gox to be lauded or lambasted for this transparency?

You'd have to excuse creekbore since I think he's in Australia (or maybe he said UK...) and the U.S. barely exported more than it imported, for the first time since 1995, last November 2013 (7.7 import vs. 7.6 export). It may be news to him and if he's under 19 it may the first time within his lifetime.
http://america.aljazeera.com/articles/2013/11/14/us-exports-more-oilthanitimports.html

Apparently the slip into "net exporter" is due to fracking. To put it simply, liquid oil reserves and gas pockets are gone so America is valiantly wringing the last drops from the earth by injecting high pressure chemical fluids into the crust to crack it open for more of the precious "high power density" stuff. You know, like a bear breaks open bones for the marrow after all the meat is gone. It's like dessert.

I guess the real question is: will dessert or fracking be responsible for more tainted wells and earthquakes? And can we learn to live without consuming so much dessert, oil and gas?

Oh, and look at that wall get eaten on Bitstamp!

For that I apologize.

Maybe it's time to spawn SunCoin. All SunCoin miners must be registered to ensure rigs run only on solar power. SunCoinLicense registration takes place, of course, in New York, USA. All mining transactions go toward burying cloned dinosaurs deep underground to replenish oil reserves.

How about just over 3 days?
"Tesla Motors Team Completes 76-Hour, Cross-Country Trip"
http://www.pcmag.com/article2/0,2817,2430243,00.asp

thx. I was tempted to look to see if a real "SunCoin" existed before I made the joke but I got lazy.

No "may" about it. Right now it is a viable alternative.


Huh? How do you suggest we factor in your mysterious non-existent tax? And anyway what *isn't* taxed? I'll tell you what isn't taxed after installation: solar power juicing up your EV is about as close as it gets.

I'm also curious for you to explain to me how the "charging price" of the sun goes up? Perhaps if Mr. Burns installs that sun dome over America, I guess. The parts of an independent solar array (panels, batteries, yadda) could be taxed but not the energy or its transmission.

If you're talking about people charging from their homes or other stations then it depends. Electric sources, taxes and such vary widely from town to town across the globe. The Tesla chargers are free. A home solar charger may be "free" after initial costs. Charging stations provided by stores may be free or may charge a fee (tax?) you don't care to pay.



Bravo! However I was simply disputing that it'd take a month to do it in a Tesla go-cart, not trying to win a race. I bow to your superior cross-country trailer laden non-go-cart truck driving skills.

Of course, except now one's pump can be at home. After materials it is free-ish. I suppose it's only fair to include the cost to replace batteries (if used), panels, etc. in one's own solar charger at whatever interval required. This is the "ish" part. Maybe $2000 every 20 years...? $100 a year?

By comparison it is a rare individual who has his own oil rig and gas refinery in his backyard producing free-ish energy for himself.

You, sir, are awesome. Unfortunately I must tell you that I noticed from over here in the U.S. that you smell a bit like french fries (perhaps you know them as chips). I will not let that come between our friendship however, mostly because I smell like sweaty bum nuts so I have trouble making friends.

Years ago I recall the conversations about how safe zero conf transactions were for small amounts because "who would want to race attack for a soda from a vending machine?" While actual race attacks and double spends and all this are different attack vectors from this malleability issue, I remember thinking, "if there's a vulnerability someone will attack it." Because... humans.

But I figure Bitcoin is in beta. Bitcoin *is* high risk, still, and for some time yet. Folks much smarter than me are working to keep it strong. I'm confident devs'll work it out. And as "smart phones" became "just phones," the "smart wallets" you talked about in your post will just be regular wallets that account for all the security silliness. Eventually.

Usability is almost always sacrificed at the beginning stages of development. It's a can that keeps getting kicked down the road. The issue is that most developers seem to have a preternatural disdain for usability. They "just want it to work." This is rightly important, at first.

Seeing both sides of the code vs. art world, I believe it is usually because backend deveoplers work incredibly hard at the magic it takes to make highly functional software. Then, once it works smoothly, someone comes along and says, "yeah, interesting, but i won't use it because it looks like a child made it. It could use some panache. The buttons are too square. How about some gradients and such?"

The truth is that people can get by without an overly usable product, sometimes for a long while. Amazon was horrid for a while and even now isn't much to look at. If someone comes along with the same functionality plus better usability then the first to market may not survive. MySpace was a neat idea but a gargantuan mess, then Facebook came along which was a step up (and continues to improve). Awesome usability plus great functionality can change a marketplace.

The wind changed direction.

Wait a minute. Strike that. Reverse it. Thank you.
http://www.youtube.com/watch?v=G_rKWdH-ox8

hilarious!

This is quite obviously street art. It is a beautiful butterfly. I believe it means "BUY!"

AKA: confirmed sources

If I only had a bitcoin for every time I've heard this...

How did you fair in last week's high school football game? Are you going to the prom this year?

You have no argument from me that Gox doesn't provide good PR or that Mark may not be best suited as the public face of Gox however he bought an unwanted exchange (from a person who went on to build another one which failed) and turned it into an honest money gushing enterprise. It very simply was the economic backbone of the Bitcoin universe for a number of years. Gox helped make the Bitcoin economy what it is today.

Mark had challenges that caused him to close his doors for days/weeks but he always re-opened. He was (and may still be) a beacon of trustworthiness in a community nearly bereft of it.

He's guilty of the sin of being nerdy in a world that loves to point and laugh. He may have been quick to rush to judgment against some in order to protect his business. And now he's earned the ire of the ADHD children of the Bitcoin community by blaming his bad judgement on the protocol's weakness. Yet how many exchanges have now "adjusted their software" since Mark spoke out?

I haven't quite counted him out yet. If he manages to guide Gox back from the brink he will have *the* exchange to trust. If he absconds with the treasure it would surprise me, and I'm pretty jaded.

Just joshing with you. I don't care how old you are. I'm over the hill myself. I didn't really think you were 19, I was trying to clarify my point that it had been a long time since the US was a net exporter. I don't even think 19 year olds are in high school unless they'd been held back.

I hear you. I have a love/hate relationship with this forum but I've been using forums since 1600 baud modems were all the rage and it's tough for a zebra to change its stripes.


I kinda prefer "school disco." Sounds more fun. BTW, thank you for all the great rock and roll you blokes exported over the years!

Eggs, scrambled. Side of bacon, please. Prefer English Muffins over toast if you have them. Grape jelly. Thanks.

Betting dollars to donuts if the dancing woman in that video is alive today she has a problem with seizures. Thx for tunes though!

Looks like meat's back on the menu, boys!
http://www.youtube.com/watch?v=lco9Ki-5qfQ

Bitcoin is built with sunshine and rainbows, with a bit of ground unicorn for good measure.

too early to start the party?

You mean N.S., or do you suffer confirmation bias?

Good thing he's not writing in Kana but has instead anglicized the glyphs.

Obviously they want to take Bitcoin "to the moon."
Edit: you beat me to it! 

Life is insider trading and crony capitalism. We all want to help ourselves, family and friends thrive and to take advantage of opportunities to get ahead; it's just survival instinct. I guess when we become public figures/traders we're expected to curtail it to seem fair. Tough to override survival instincts though.

I guess none of the officers were into risk management?

Except you didn't call the bottom for any exchange since the bottom was 2 days later. You've mysteriously disqualified what you believe is a "ddos attack" from being the bottom? Are we certain a few hours ago was even the bottom; you don't want to wait a day or so to declare that?

Of course then you are quick to tell us you bought the "ddos bottom" as well even though you seem convinced you're correct about the earlier dip being the "real" bottom. You're a true Scotsman. Kudos for being in the ballpark though, you deluded thing, you.

Maybe he has Tourette's syndrome?

In his previous 2 posts Jorge said Bitcoin is a bad investment and to survive it would need to get rid of all altcoins. Are you sure you want to attach the "voice of sanity" to him?

To date Bitcoin has for many been one of the best investments in human history, monetarily. It could still be an incredible monetary investment -- how many investments offered 800% return in 6 months? 12,500% in the last 1-2 years? As a social investment it's possible it could become nearly unparalleled. Sure it could go bust. Every investment offers a downside. Calling Bitcoin risky is fair but writing it off as simply bad shows no foresight or possibly is simply revealing Jorge for a pleasant bear (if you couldn't already tell). Sure, he isn't invested himself and he's here for academic reasons only...  

Bitcoin has also survived altcoins since around the Oct. 7, 2011 launch of LiteCoin. There will probably be thousands of altcoins in the future. Whether Bitcoin will stand the test of time no one knows however more and more groovy stuff is being built on top of Bitcoin so that it gets harder and harder for alts to have any significance beyond niche currency level.

If you don't like Gox don't use them and move on with your life.

... Maybe he will share with you if you share with us what "substantial" and "for a while" and "something major" means ...

This wouldn't be much different than Frequent Flier Miles. If each corp wants a coin they'd then also have to deal with all the computer processing necessary to secure its blockchain. What corp wants to put such resources into essentially an internal "points" program? Why not use Bitcoin whose "points" might be spendable everywhere by then?



No crypto coin is as good as Bitcoin until a people trusts one as a currency outside its niche. This requires network effect plus massive computing power for security. Only the top dog will have the most security of processing power, which may be fine for Sally's GerbilCoin to risk but wouldn't be fine for SearsCoin.

Yes, for those who bought for the 4-5 years before 11/2013, it's good. For those who bought in the 4 months since 11/2013 it has been bad. Maybe I don't understand why you're going on and on about an investment of 4 months that hasn't paid off yet. Anyway, don't feel bad about your bad buy timing, the price seems likely to increase from here and there are few reasons to believe it will decrease.

His argument boils down to "crypto will fail because there's lots of crypto." And he wants us to respect his opinion because he's a teacher. Appeal to authority fallacy doesn't work well around here.

Having trouble believing you're who you say you are yet don't remember how the internet grew, or more importantly what it grew from? It didn't just spring to life as we know it today. Your trouble understanding how Bitcoin could (not necessarily will) survive all this shows you still need to do research into how/why it works. It may work better with "permission" from government, banks, but it doesn't need permission.



Again, a professor of computer science and you're not aware of how technology grows? Fledgling technologies are rife with just the type of participants you mention above. Don't forget drugs, porn and pedophiles while you're trying to besmirch crypto. By the way, it weren't for those awful greedy speculators Bitcoin wouldn't be worth anything.

Dang man, have you done zero research? This has all been covered. I would expect more from a teacher, which is why I believe you're here to spread bear FUD under the guise of "academic purposes."  Again, I'm sorry your purchase at $1200 didn't pan out in a few months as you expected. Just hold tight. It'll rise again.

+1

bingo!

A government can ban Bitcoin but that doesn't mean it stops. This honey badger doesn't need your permission.



I see why you say your students ignore you. Perhaps they too see a dinosaur braying at a meteor shower.

I am Bill Gates.

Since you and several others continually butcher this, let's give this a shot...
withdraw: verb. Use: "I wish I could withdraw from Gox."
withdrawal: noun. Use: "I wish Gox would enable withdrawals."

Next week we'll work on "cow." The cow goes mooooooo.

I haven't heard that fiat withdrawals have stopped for anyone outside the U.S. So if someone in the vast world believes Gox will not resume BTC withdrawals then perhaps he is selling his BTC for any amount he can to get out. It's panic at the disco.

I wouldn't rule out something shady either, however, though it'd be pretty disappointing. While over the years it has been oddly run, it has been one of the few relatively safe havens in the Bitcoin realm.

It is a tantalizing thought especially if you've been in Bitcoin a while and have realized gains over initial investment.

MP is a professional scoundrel who even calls Coinbase a scam without having any conceivable way of proving what he alleges.
https://bitcointalk.org/index.php?topic=140484.0
Note he took icbit.se off his scam list because they paid him.

His nebulous operation works in the same sphere as the scams and some allege he runs one himself:
https://bitcointalk.org/index.php?topic=350103.0
https://bitcointalk.org/index.php?topic=216280.0

There have been plenty of scams in Bitcoin and there will continue to be. This is why some in the U.S. push for regulations because even though regs won't stop crime it will create more reliable and accountable services. Pro tip: this is essentially why strict Libertarianism doesn't work.

Yes. His brain and his heart have both confirmed the findings.

This message approved by: KeyserSoze

Exactly. Capitulation turns into despair. People like to say "buy when there's blood in the streets" as if it is an everyday occurrence but the thing is that in a real dive the blood in the street is also yours. It's no longer "where is the bottom" but "will there even be a bottom?" People get afraid to buy. It tests one's will to even hold, let alone buy.

I gave up on my OS a while ago and use OSX. The money keeps rolling in. What do I care? Shhh...

Yes, English (U.S.), sorry. This is actually interesting. Can folks in other countries maybe post what cow sounds are in their language/country. Kinda neat, I think.

Agreed. I wonder if in this case if size has anything to do with it. Dogs go "bow wow" in English in US too but it's usually the small noisy ones. Maybe this is my own bias since mine says "rowlf" when loud outside, and a low "woof" when she is inside saying "hey, i think i heard something..."

awesome, thx for sharing.

*snicker*

Maybe his next venture to help out the Bit-o-sphere is to start a Libertarian paradise called Frappachino Island. No regulations. All trade is in GoxBux and GoxBTC. There will be an obligatory Filipino/French dwarf named Tattoo in white tuxedo to announce arrivals of planes to the island.

Isn't this the time-honoured tradition of closing a Bitcoin business? Claim a hack and offer apologies that "someone" made off with all assets?

I feel fine. I realized my investment last year. My interest leans more toward the protocol not price, which growth I find fascinating to watch.

I'm in spec thread for entertainment. It also occasionally in the past was good for early trading news. Now things break on Reddit it seems.

I stopped reading your posts as closely once I determined you were mired not only in the same old beginner's misunderstandings but also lacked the will to research some basic things before spreading FUD. It's one thing to be skeptical, and many of us go through that initial phase with Bitcoin (and remain skeptical about many of the "services" around "Bitcoin, the protocol"), but it's another to supposedly be a computer science teacher who won't research this landmark computer science event before commenting. It's so egregious a flaw in character that it makes me confident you have some other agenda, like the rest of the redonkulous bears here.

Invaders from Mars.

thx!

Yep!

pretty close to English. Thx!

No offense. I very well could be wrong. i just don't think one shady person calling others shady (which is the thrust of the link) is the compelling evidence Jorge thought it was when he linked to MP.

I've been pulling for Gox through this silliness but Mark could easily be on the run as well. I'm as likely to be wrong as anyone else. The signs are certainly there that Gox is in trouble. Mark doesn't seem shady to me, he seems to have "risen to the level of his incompetence." That doesn't mean he's incompetent altogether, he's just bitten off more than he can chew it seems. This was OK when we had only one exchange.

MP seems shady to me and that is completely different from incompetent. The troubles come from a different place.

Suit myself, will I. That's my Yoda impersonation just for you.
I'll make ya a deal: I will stop commenting on your posts if you stop posting. Otherwise let's both just keep on truckin'.

You seem to have a short memory coupled with the fact Mark has yet to have done anything to warrant hate. He pointed out a flaw that nearly every exchange had to fix in their software. Perhaps he put the blame where it was not warranted.... perhaps.

I see that things at Gox look odd but just imagine this:
- Mark doesn't have special trading accounts or no-fee bots, etc.
- Mark believes that malleability is a flaw in the protocol and stated his opinion
- the crazy market at Gox is simply that, a free market, not internally manipulated
- banks have been very strict with him after the US froze his Dwolla account causing all the reported fiat transfer issues. Stopping USD withdrawals is necessitated by the US not Mark.

People are losing money and looking for someone to blame. Instead they should be thanking Mark for offering them the ability to trade BTC for the last @4 years.

I thought someone had slipped some acid into my soda when this guy started yapping at the NY hearings. It suddenly got very surreal. I thought someone like Proudhon or Fonzie had managed to sneak in.

You hate him because he's fat and drinks coffee? Wow.

+1 to full post

Mircea Popescu (and arguable alter-ego user MPOE-PR).

People complain when he freezes trading. People complain when he doesn't.
People complain when he stops deposits/withdrawals. People complain when he doesn't.

PoopCoins, anyone?
https://bitcointalk.org/index.php?topic=216068.60

Oh... you said full of beer. I misheard you.

Even Stamp knows Gox is still the King.

Perhaps they've been storing the blockchain on a series of 1.44MB floppy diskettes. It is taking a team of people to continually swap them and unwrap the cellophane from new boxes of diskettes. Then they have to label them: 1 of 5,555, etc.

I've heard this exact argument about today's banks. Funny...

I believe they have a patent on that "2 weeks" response.

That is, if "well" equals flipping a coin over time.

Gox is dead? It looks like they could be #1 again soon in volume. They also have the best price:
http://bitcoincharts.com/markets/

Hey, great idea here: Mark should do a cheesy used car sale TV commercial for Gox. "Mt. Gox is blowing Bitcoins outta the door with our special members-only pricing!"

Then the mile-a-minute disclaimer at the end: "Subject to availability. Offer not valid in some countries. Purchased Bitcoins should be available in 2 weeks."

You could be on to something here.

"In the parlance of our times" she used it correctly, dude, at least as far as I've heard it. I seem to recall it's in the movie Valley Girl. Also some surfer acquaintances of mine used it in college often.

My offhand etymology guess on the surfer/valley girl usage would be: I'm excited -> I'm all fired up -> I'm stoked.
Looking online it appears to have entered surfer slang @1963.

Interesting article, thx for sharing.

imprisoned by gox
the coins of binary birth
hold your breath "two weeks"

I'm tempted to email Mr. Stolfi at his University address and let him know there's someone here impersonating him who can't perform high school level research. The imposter is tarnishing what reputation Stolfi might have had outside this forum.

I wouldn't rely on me for sense. I just call bullshit when I see it. It makes me a bit of a contrarian because the world is 87.08% bullshit. That includes Jorge's proposal for an Investment Club which sounds more like the birth cry of a brand spanking new scam. But such a thing could never happen here, of course.



i find this kind of stuff neato. Thx for sharing!

There exists a Bitcoin Foundation which supposedly promotes/supports the Bitcoin project with regard to some legal issues, paying Gavin and such. If this isn't what you want, go ahead and start something else. Are you talking about more of a marketing type of organization? I think Stolfi was talking about an Investment Club but maybe his idea is more fleshed out than that, or maybe I am just wrong.



LOL.... not sure about that.



I'm gonna go out on a limb and say maybe you're not aware Bitcoin has some pretty Libertarian roots? That's a political party in the U.S. but it's also a philosophical lifestyle choice. I'm not a Libertarian politically so I could be wrong but I think from a business standpoint the gist is, "let me run my business literally any way I choose and if the market doesn't like it they can get service from someone else."

Apart from business, the lifestyle choices are very "Don't Tread on Me" (anti-regulation, anti-tax) aligned. (see Gadsden flag http://en.wikipedia.org/wiki/Gadsden_flag). The Free State Project, a political migration of Libertarians into New Hampshire, U.S., sometimes uses the Tread motto.
http://freestateproject.org/store/product/dont-tread-me-shirt
http://en.wikipedia.org/wiki/Free_State_Project

About Libertarianism Wikipedia says, "This includes emphasis on the primacy of individual liberty, political freedom, and voluntary association." The community is simply not composed of people who want to be told what to do. They do not want mandates, rules or guidelines. There was a loud row during the time that the Bitcoin Foundation started up because so many were against it. You have an uphill climb if you want to start any sort of centralized movement since the entire affair is about DEcentralization.

It's an Eternal September topic.
http://en.wikipedia.org/wiki/Eternal_September

This requires a Duke Nukem link.
http://www.youtube.com/watch?v=2rAjily7rME

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 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...

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.

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...)

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/

good find!

Isn't this the classic next move after a Bitcoin scam? Apologize, maybe pay some people back "out of your own coins," wait 6 months and start a new scam with integrity intact. I thought the SR2 guy blamed the loss of entire funds on malleability which we know is impossible. Did that change or did I get it wrong?

Glad to hear it.

They morphed into bloggers with insufficient budget to investigate anything.

Brisket?

Jorge, by the look of your Twitter account you seem fairly obsessed with demonizing Bitcoin and diminishing those involved. Charming. You seem to be relishing the price drop. Is that part of your purely academic reasoning for being here?

"Trading or mining bitcoins produces zero real wealth. Those who made money with it, did so by swindling someone else."
"Anyone who has invested in Bitcoin more than he has got out of it is a sucker,who exchanged something of value for something of no value,"
"The only hope such a sucker has to make up for his loss is to find an even bugger sucker who will buy his coins at a hight enough price."
"As in any Ponzi scheme, the profit of the smart ones who leave the bitcoin system early is the loss of those who remain in it,"
"Bitcoin is now back at ~800 US$. P. T. Barnum was right it seems 8-). Or at least many people believe he his. 8-) 8-)"
"It is just to show that investing in Bitcoin is playing the lottery" (translated)
"it has speculators who try to convince unwary BTC to invest in promising huge profits ..." (translated)

In a couple tweets Stolfi equates Bitcoin with Telexfree, a Brazilian ponzi.
http://en.wikipedia.org/wiki/Telexfree
"É por isso que acho Bitcoin uam Telexfree. Porque dinheiro comum sumiria? Porque *bitcoin* seria única cripto usada?"

-------
Jorge's plan to make money (a satire on Jorge's view about the Bitcoin ponzi):
http://www.ic.unicamp.br/~stolfi/bitcoin/2014-02-17-HowToMakeSomeEasyMoney.html

"I ask ten people to form a circle, each holding a 50 dollar bill. I tell each person to pass his bill to the next guy at his right, slowly at first but gradually quickening.

I show them mathematically that, at any moment, the sum that each one had, plus everything that he received from his Left neighbor, is always more than what he gave to his Right neighbor; so that everybody will win in the end.

I give the example by taking the bill from my Left neighbor and giving it to my Right neighbor, "like this, see." Soon the eleven of us are smoothly passing the ten bills around.

A passer-by asks, "may I join too?" "Sure, get a 50 dollar bill and enter the circle." "If I contribute two bills, will I get twice the profit?" "Of course!" He calls two of his friends, who call others, and so on.

Soon we are twenty-one people circulating thirty bills. Everybody notices that the method is working: each one now must grab another bill from Left before he has a chance to give his bill to Right.

A few minutes later, I stop for a moment to pick up the pen that I dropped on the floor. While doing so I discreetly pocket the bill that Left just handed me, and I immediately resume the play. With the bills in motion, no one can count them and notice that now there are only twenty nine going around.

No, wait, that guy across the circle is angrily staring at my pocket, he noticed my trick! I am done! But, instead of blowing the whistle, the scoundrel winks at me, pauses for a moment to blow his nose, discreetly pockets the bill from Left too, and goes on playing. Phew!

But I'd better play safe. I tell everybody, "sorry folks, I must pick up my turtle at the gym, you carry on without me." And I walk out holding high "my" bill, that I just got from Left. That scoundrel does the same. The other nineteeen guys thank me for the great opportunity and keep on passing the remaining twenty-six bills around, already thinking on how they will spend their profit."

He probably thinks he is a good person, and I'm sure some others think it as well. He seems polite enough. From his viewpoint he's doing a nice thing, trying to save the world from losing our shirts in this "ponzi." But I already have one mom, thanks.

I can't say I care for his gleefully typing smiley emoticons pointed at investors who are underwater. I don't think his demeanor while posting here has been the same as on Twitter which makes me wonder if he thought he was concealing his disdain.

Getting tougher to see a good end here. This is basically skipping town. I mean, if they were going to pull through would they not realize that moving their office address in the middle of this fiasco is a horrible PR move? I guess if we want to make an excuse, they have been getting "near death threats" and people are beginning to go to their office to challenge them. But.... shutting down operations and moving doesn't look good at all.

Edit: I see fluidjax's post about underground car park and security. All good reasons to move with all the hate swirling about.

All I hope for is honesty. Thanks for that.



I believe your tone has been different. I haven't seen you here call anyone a scammer, fool or sucker yet but maybe I missed it. I haven't seen you gloat over an investor's loss here yet but maybe I missed it. I do however see consistency in your pointing out the negative aspects.



Saw it but others have posted before. It is clever until one quickly realizes that USD, Rubles, Yuan, etc. will all also be worth zero one day.

The UK used to use sticks as money. Native American Indians used shells. Just as oddly "pre-Information Age" currencies use paper and bits of near-worthless metals. The Information Age uses encrypted bytes and they'll, just as strangely, be worth as much as sticks, shells, and paper were. Today those bytes are worth @624 times USD.



They're extremely valuable *now* so you've lost that bit of your argument already. I sometimes wonder if Bitcoin has staying power myself but I believe that code changes can be made to it as necessitated to keep it healthy, as have already been done. I watch as more tech gets added on top of it. Though the heart of it solves and old problem with virtual currencies, it does seem a bit creaky to base a worldwide currency on. I wonder if something more solid (seemingly, to me) will come along but in any case I am aware the project is in Beta and as Gavin has claimed many times, it's an experiment.

From my point of view a part of it has already succeeded. I bought some. Not only did I make some money (investment paid off) but I was lucky enough to purchase many gifts last year for the holidays with it (using as a currency). With new developments I wonder if I will write my Final Will with it (using it as legal documentation) or vote for a President of my country with it (using as voting mechanism).

Can you see you need to separate your views about Bitcoin's "fiat worth" from its "technology worth" -- the potential to drastically change things worlwide?



I imagine other forces are at work on the price aside from the back and forth of current investors. That is the economy growing up around Bitcoin.

Anyway even if Bitcoin exchange speculation is nothing but pure gambling you said you weren't against folks gambling so why do you complain about it? because you think the house is rigged? You know the house always wins, right, even in Vegas? This is why it's called gambling. Sounds like gambling is OK with you as long as it doesn't happen in your backyard. NIMBY?



Honestly, I think many of us go through this phase because in the beginning we do not see how bytes can be worth money. But then if we come back and do some research we learn about money. We learn about the Two Generals. We test the currency and it works. It's cool and fun and easy to use (not necessarily to obtain but that will improve). It's a bit rickety around the edges; it has its flaws but it is new. The internet was rickety in the beginning. We see potential.

Bitcoin isn't a project which concerns itself only with exchange rate. It is being used for currency, store of value, legal contracts, voting mechanisms; the potential is a bit mind boggling.

A ponzi is created from the beginning with intent to fraud investors. Bitcoin is an innovation that solved a very real problem in the crypto community and an exchange price arose from that, along with more innovation on top of the protocol.



What you call "luring new players" I personally think of as excitement to share this awesome new technology, with an added bonus of potential monetary gain. I tried to get a brother of mine interested around $140 because it looked pretty certain to go up and he could use the help. But he was afraid and I didn't badger him. I did give some to my family last Xmas and told them to just hold it, but that if they got interested in Bitcoin to talk to me first because there is quite a bit of shadiness in the culture at the moment.

I do have my concerns that if Bitcoin is infinitely divisible why would it be worth anything? I feel it has to do with the psychology of someone wanting to own a whole coin, or really, "more" of anything. Some people always want more. They can pay and so they do. When the UK used sticks for currency I'm sure there was always some fellow who wanted one more notch on his stick than anyone else. In other words, most volume knobs only go to 10 but some folks will eventually get amplifiers that go to 11... because more is better.



Funny thing is it is pretty good at being anonymous until one begins using 3rd parties, or until law enforcement gets access to someone's records/diary, or decides they have the budget to prosecute and issue search warrants to providers for IPs, etc. Once they correlate a name with a BTC address, and have access to records where one has recorded a payment to another's address (tied to a name), then they can easily unravel all the addresses in that chain of transactions. So it is basically near useless at anonymity for the people who'd need it most.

Now if criminals were to encrypt their data and stay vigilant with PGP communications.... but most people in this world are too lazy or complacent for all that.



You see growing legal barriers, I see growing legal acceptance. There has been fraud, surely, as in any currency. You've likely heard of Wall Street in the U.S. (also known as "business Harlem")? This clip is funny because it's true.  
http://www.thedailyshow.com/watch/tue-august-13-2013/frisky-business---jessica-williams



You mean proselytizing, like a religion? Or do you mean it's like telling one's friends about the Walking Dead on AMC because it is a frigging awesome TV show? Or perhaps telling friends to go to Disney World if they've never been because it is a wonderful experience? Or "try the Grape Meatballs, they're delicious!" We enjoy something, we share it.



I don't see suckers. I see people continuing to come into the market from all over the world as they go through the learning process and begin to see why Bitcoin is more than the sum of its parts, mostly because the parts are so exciting and we can't see them all even now.

None of us knows if China was the reason for the lift, or which exchanges may use fraudulent transaction/price data. I personally assume most of Gox and Huobi transactions are internal bot price fixing. Plan accordingly.



Haven't heard this but I better understand your sentiment. "Gambling is OK with me except NIMBY. And even as a computer scientist I'm too short-sighted to see the massive digital potential, which grows as we speak, aside from price gambling."

Is why I mentioned Eternal September earlier. The forum will continually replenish the newish folks who are going through the process of learning about Bitcoin. Many of these folks don't bother looking at past threads or using Google to help them learn. Bringing up ponzi is a first step on their road to learning, however some get stuck there...

Satoshi invested NOTHING? He only invested his/their lifetime to learning to code, learning about currency and cryptography. He invested his intelligence, reputation, time and money into creating software for the entire world to use freely. If he invested nothing into Bitcoin then you invested nothing in becoming a University Professor.

Once he created the software he mined <4000 coins (80 blocks @ 50BTC reward, basically testing the software) before releasing it to the world. Note this was several years before 10,000 coins would even buy a pizza. Satoshi risked the cost of his electricity to mine worthless "ledger coins."

"When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them." - Hal Finney, on block number
https://bitcointalk.org/index.php?topic=155054.0

I'm generously using 80 since Hal's "70-something" could be 79. Other sources claim blocks as early as 12 may have been mined by others: http://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/

Original block reward was 50 coins:
http://en.wikipedia.org/wiki/History_of_Bitcoin

And of course Satoshi continued mining after that. It was his project afterall. In the beginning if he didn't use it, who would? The rewards came fast back then and he accumulated many before apparent stopping. It is believed his stash is unspent but who knows for sure, and why would it matter? He deserves every penny for his innovation.

FTFY


FTFY



Whether Bitcoin is truly fixed is arguable. The point is that the issuance of the currency is fixed, however the total amount at any given time may not be known because some will be lost over time. What you call "moving around money and bitcoins" would be equal to me saying "moving around money and stocks" yet you don't have any problem seeing that investing in a stock can produce more wealth by growing services.

Investing in Bitcoin is growing services. There's no 2 ways about it. Interesting that you don't see this even as the economy around Bitcoin grows. Every day on reddit 5-10 businesses announce they now accept Bitcoin, plus some new companies announce they are opening solely around the Bitcoin technology.

Me likey Bitcoin. Bitcoin show promise. Jorge think Bitcoin is ponzi. He newbie. He see tree and not the Satoshi Forest.

Love magic, thx for sharing!

Perhaps a prostitution ring? Sorry, it's the speculation forum...

This is what I'm thinking now.

lol

Is this a Rolling Stones reference?  
"Please allow me to introduce myself
I'm a man of wealth and taste"

+1

Eventual cartel transaction fees is something I wonder about. It is a wonderful experiment though! I guess in the end as long as there remains competing currencies/payment systems, this would have to be kept in check by the market.

There appears to be @$260 worth of hope at Gox.

I think we determined this wasn't so bad overall:
https://bitcointalk.org/index.php?topic=178336.msg5225744#msg5225744

Depends on what you think early means. Early to mid-2011 for me. It didn't feel early to me. It felt very late, especially since users were just beginning to bemoan the death of CPU mining. To be clear that quote in my post referring to a conversation with Satoshi was not me, that was Hal Finney.

lol

...waiting for price to rocket around like a pinball on the Gox announcement...
Edit: with Guinness beer in hand.

More legal acceptance for crypto in California, USA:
http://www.reddit.com/r/Bitcoin/comments/1yd726/this_is_big_news_for_bitcoin_way_to_go_california/
http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB129
http://www.youtube.com/watch?v=4iGIcN4UFEA

I'm hoping Gox waits until the end of Thursday to announce so I have an excuse to drink for 24 hours!

Trade local bitcoins in the streets
With our children at our feet
And the fiat that they worship will be gone
And the crooks who spurred us on
Sit in judgment of all wrong
They decide and regulation sings the song

I'll tip my hat to the new constitution
Take a bow for currency revolution
Smile and grin at the changes all around
Pay with my bitcoins today
Just like yesterday
And I'll get on my knees and pray
We don't get Goxxed again
Don't get Goxxed again

Change it had to come
We knew it all along
We were liberated from the fiat that's all
But the world looks just the same
Except recorded on blockchain
'Cause transactions, they're all kept in the software

I'll tip my hat to the new constitution
Take a bow for currency revolution
Smile and grin at the changes all around
Pay with my bitcoins today
Just like yesterday
And I'll get on my knees and pray
We don't get Goxxed again
No, no!

I'll move myself and my rigs outside
If the CPU is left half alive
I'll solar all my juice and hash at the sky
For I know that the blockchain never dies

Do ya?


There's nothing in the street
Looks any different to me
And the exchanges are replaced, by-the-bye
Politicians on the left
And regulators on the right
Either try to understand or control our plight

I'll tip my hat to the new constitution
Take a bow for currency revolution
Smile and grin at the changes all around
Pay with my bitcoins today
Just like yesterday
And I'll get on my knees and pray
We don't get Goxxed again
No, no!

YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

Meet the new Gox
Same as the old Gox

Winklevii price index:
http://winkdex.com/#/

lol. You gotta love The Who, right?

Today I think.
http://dealbook.nytimes.com/2014/02/19/before-a-bitcoin-fund-comes-a-price-index/

seen from deep space, the Bitcoin price is a smooth straight line up...

Feeding the hamsters so they will continue running the servers.

I found bad news of you, oh oh oh oh
And hijacked a thread that night
Dig up dirt from the past
We've done grown out of? oh oh oh oh
Now I'm back in the fight
I'm back on the train
Oh, back on the FUD Chain

Disintegration beyond our control, oh oh oh oh
The price, the scams and the news of Gox
Got in your minds like a pigeon from hell, oh oh oh oh
Threw sand in our eyes and descended like flies
I'm back on the train
Oh, back on the FUD Chain

The powers that be
That force the price down like it do
Brings chart APIs to their knees
When I see what I've done to you
But I'll die as I stand here today
Knowing that deep in my heart
I'll bring you to ruin one day
Cuz you're not so smart

I found bad news of you, oh oh oh oh
Those were the priciest coins of my life
Like a break in the joy was your part, oh oh oh oh
In the wretched life of a lonely heart
I'm back on the train
Oh, back on the FUD Chain

I think he just got it a little confused. In reality "Mtgox seized japanese police's BTC"
Source: me
Confirmed: by both my heart and mind.

We must be careful to avoid news malleability.

One person posted that Cerulean Tower has a helipad. Very James Bond.

It made me think that one of the few things missing from this whole debacle that would really help make it into a bad Hollywood movie is that we have yet to see the Super Villain nestled deep inside Mt. Gox, with a cat on his lap, addressing the United Nations on large video screen, threatening to use nuclear weapons for some reason unless his demands are met in one hour.

It's all just a silly misunderstanding. I imagine the next announcement will be something like:
"Mt. Gox has had slow processing of fiat and BTC in the past but we're happy to announce we're lifting any restrictions on your BTC and fiat deposits! You can now deposit to us any amount of BTC and cash from any currency in the world. In addition we also now accept traveler's checks, real estate titles/deeds, jewelry and precious metals. Send all you've got and get started trading right away on the world's best Bitcoin trading platform."

+1

Gox mess is disturbing for many. Don't want to scare you but if you can't stand the heat, get out of the kitchen. Investment is risk. If you want a more sure thing then try the interest rate at a local bank or maybe government bonds.

Another option is to not buy more BTC than you need. Buy it, use it quickly, then your risk is next to nothing. Whatever you do, keep your investment at a level that doesn't impact you if lost. The cold feet you're feeling is a good indication you shouldn't be investing in anything at all.

very interesting, thx for sharing

I didn't follow the whole story but I played there and when I would add funds with a credit card the charges would always be for some random dummy company like Frank's Florist or something. I guess they did this because it was known credit companies didn't want to work with gambling houses. Then they went through a period where even that trick didn't work. Then they were shut down altogether but I had little in there at the time, maybe $100.

Not too many months ago I got an email that in order to get my money back I had to abode by some settlement, go to a web site, enter all my deets including Social Security. I wrote back to them and said, "you gotta be kidding. You closed them down for being a scam and now you want me to go to their site and give them my social security number and deets? Either just send me a check or keep the $100 and fuck you by the way." I suppose I don't have to say I haven't received anything yet.

So maybe there's something to this. Law enforcement likes to fry the biggest fish. Peopl have been joking that maybe Mark is cooperating but that isn't how it works usually, right? They arrest someone first then force them to work with them so maybe Shrem flipped on Mark in some way because the US gov was after Gox's golden goose all along.

wait... you think it's a good idea an exchange close down all withdrawals each time a set of phishing emails goes out?

Is it me or has Walsoraj gotten a bit tame and reasonable?

Of course, the obvious answer I overlooked!

Maybe it's the banana you talk into?

Keep your chin up.

Is this a bad time for a disco song? Don't answer that. There's never a bad time for disco.
http://www.youtube.com/watch?v=mABuS9eSWnQ
(this isn't a commentary on anything, just trying to lift spirits with a goofy, happy dance tune)

Thanks, mom!

Obviously he's smart enough to change cups several times during his walk home in order to lose anyone tailing him.

With this whole fiasco all I want to know is why billyjoeallen isn't still shouting he called the bubble bottom correctly?

You suggest punishing Mark for others' bad choices? Seems odd to me.

Ahhh... you were conveniently excluding Gox I see.

If you didn't know it will take you a month to get up to speed there, if I recall. I think you're restricted to 1-2 BTC a day until 30 days goes by. It is a part of verification to simply wait.
Edit: maybe it's 10?

excellent!

I wonder if any scams that might have been in progress will have accelerated endings with the rapid price drop.

For me, his desperate attention grabs finally outweighed his entertainment value. More and more when he spoke I would envision he was this:

+1

The nightmare of the loss of Net Neutrality has begun. Could bitcoin be targeted?
http://money.cnn.com/2014/02/21/technology/verizon-netflix/index.html?hpt=hp_t2

It must be a semantics issue which you're hung up on with regard to this issue. Governments cannot stop Bitcoin. They can ban it or otherwise criminalize it but that won't stop it from being used. I guess the only way we'd know is to give it a whirl.

I read this argument somewhere else and while I don't understand it, apparently it could simply adapt to a certain port or some such.

Very convenient for you. If I define success as "being used on the moon" then Bitcoin has failed already. If I define success as "being used at all anywhere by anyone for any purpose" then it has already succeeded. I suppose this rests in one's narrow redefinition of success.

How about instead of using attempts to redefine reality to suit your agenda you simply, you know, for "academic purposes," use the friggin' dictionary to define success.
"the favorable or prosperous termination of attempts or endeavors; the accomplishment of one's goals"
"The achievement of something desired, planned, or attempted"
Look at that. According to our shared reality Bitcoin is a success right now.

Not to mention Jorge has zero idea whether someone may indeed be using/accepting Bitcoin for those very things unbeknownst to the government. Isn't Huobi a Chinese exchange?

One has to wonder...  maybe he was so embarrassed about his ponzi agenda that he'll now use the classic, "I was just pulling your leg the whole time." And he should be embarrassed with his claims of "academic purposes" when he does little to no research, redefines common words like "success" to suit his goals. He's giving a lesson on how NOT to approach Bitcoin academically.

If he does buy you know it'll be at the top of the next bubble so he call scream "ponzi" all the way down.

You're not alone in this.

Mine is UNchecked but still get warning. Edit: oops, i see I need to check it.

article linked a few posts ago said some people have received old withdrawals.

Gox remains the #1 exchange. It has recently moved from #4 back to where it belongs, crushing others on volume and great prices! I suspect the reason for the move back to #1 is that it rekindled some Bitcoin nostalgia amongst old timers. But it's always been #1 in our hearts, right?
http://bitcoincharts.com/markets/

Yes, and Gox may not be #1 in many hearts now either. I may not have laid the bullshit on thick enough for you.

You're correct, sir. Finally! 

Fear.

The only conclusions I can come up with as to why Mark wouldn't hire more knowledgeable help are:
1) paralyzing paranoia
2) paralyzing thriftiness
3) fear of discovery of some misdeed

#1 seems unlikely but reasonable. His company has his hands on untold treasures. Bitcoin is still a treacherous community.
I'd rule out #2 in all seriousness because there are cheaper coffee brands.
#3 seems frighteningly the most possible to me.

I say the exchanges should get together and just decide to set their price minimum at $2000 and be done with the waiting. Agreed?

Even Adam has said this thread has become more of a lounge for whatever conversations and he's fine with it apparently.

My friend, fear is the prime motivator of all things in life. The greatest fear of which is generally death. In this case probably the whale's notice that Gox might have been fixed and that someone would buy before him, then others buying for fear of being left behind. Whn price goes down its fear of of the currency's worthlessness.

Must be bullish for Bitcoin. He will need to hide assets, yes?
Edit: upon 3 seconds of reflection I say Bearish instead. Ukraine is near neighbors with Serbia. Regional instability means Bitstamp could close at any moment. My goodness, I am spreading FUD. Someone stop me!

I'd like to announce my new web site: Fleeing-Ex-Leader-Tracking.info. It uses Bitcoin only. Members are provided news and info as I track fleeing ex-leaders. Simple really. Whether its Viktor F. Yanukovych, Francisco Flores or General Pervez Musharraf you'll never need to worry about where your favorite ex-leader might have gone. This month only: 10% off!

Definitely shady however there appears to be actual evidence Gox is attempting to fix their problems; gmax's blockchain analysis appears to show this. While we can speculate scam, and should pay heed, actual evidence seems to show otherwise. Scam claims seems to be circumstantial still.



I believe he'll fix the issues but I'm not sure the market will be there for him if he does. It's just based on history. He's been sloppy forever but honest, as far as I know, to this point. I don't trade there anymore but use Coinbase to buy and sell now, and am testing Bitfinex with a small amount. Bitfinex seems shady to me but I guess we'll see. So you can see, people who want to trade Bitcoin don't have a ton of options. This is why some may stick with Mark if he comes back from the brink.



It's bad enough to trust an exchange when trading. It's doubly bad to trust a man in the middle. It's a story played over and over with any investment scenario. Bernie Madoff crushed the dreams of a lot of folks.



I'm not certain why people seem so easily scammed but I don't believe it's just this community. My opinion is that it may have a tiny bit to do with Libertarianism because their philosophy is that regulation shouldn't come from The State but from the community instead. Correct me where I'm wrong, Libertarians, I believe the hardcore among them prefer the community to "regulate" rogue companies/people. Caveat Emptor reigns. If someone rips you off then you don't do business there again and make sure your neighbors know. So they're willing to show more trust up front often if they haven't heard a reason not to, and that is a scammer's paradise. Shout out to the Bitcoin scammer's go-to ploy: the Pre-Order. Also the community is popular with younger folks who can be more naive concerning the nature of their fellow man.

The nature of Bitcoin as currency sorta flips commerce on its head. Normally we get service first then pay, or we have an intermediary like a credit card company agree to pay if a service provider needs payment first. With Bitcoin service providers want payment first and there is no safety net. It's not common to use escrow with Bitcoin. This leaves a wide window for scams.

This is why I personally don't yet believe Bitcoin will become "the internet's currency" though it is great for face-to-face services where one is unlikely to need reimbursement, like haircuts, restaurants, yadda. It may get used online at places with already established trust, like Overstock or Amazon.

I don't believe stupid people deserve to lose money but there are a lot of wounded birds and only so much gauze and tape. At some point people need to be responsible for their own actions. For example I half expect Bitfinex to abscond at any time so if I lose what I have there you won't hear a complaint from me because I know they look shady. You'll get an earful from lots of others if it happens though because people want some one to blame other than themselves. That's Bitcoin or anything else in this world.

OK, there's three more possibilities I missed... We may be able to rule out retarded as there is video of him speaking cogently I presume?

I'd personally rather wait until Gox actually defaults, disappears or gets sued into jail before I call it a scam. Perhaps you're not familiar with the Butterfly Labs rigmarole?

I wonder if I can hop a free ride in the wheel well? It's all I can afford, and I would love to see the moon this time of year.
http://www.cnn.com/2014/02/15/us/dulles-body-found-airplane/

From their FAQ, is this strictly true?
"Bitcoin is a free software project with no central authority, with no entry fees and no gain from anyone."

Miners by definition keep fees. Gavin gets a salary to develop Bitcoin.

Cheer up, sad Bitcoin. PayPal's software doesn't get anything either.

Jorge, please tell all your friends especially in Latin America (Bitcoin's final frontier) to sell all they own and put it into Bitcoin. I just learned it's going to go up 1000X. Just between us, buddy. Shhh....
http://www.bit-sky.com/index.php/english/370-chinese-corrupted-officers-will-push-bitcoin-price-up-1000-times

The already converted likely don't have much desire for a Bitcoin bank. And you don't need to keep air-quoting fiat. Government decreed currencies are fiat money.

crazy is as crazy does

this is "old school" Bitcoin trading. The trick is, the price will move in the direction of the huge wall. He's getting people to set their sells lower and lower. He inches his wall down, then BOOM, he'll put the wall much lower and buy up everything in between for cheap, raising the price, catching bears off guard. At least, that's one way the game was played at lower prices on Gox.

It's easier if you send coins to an experienced trader like me. I'll let you know your results in 2 weeks.

This is the polite way to kick him out. Offer him the chance to resign so it looks better for him.

it appears all their issues will be remedied shortly

is that the gentle sound of paper shredders I hear thrumming in the distance?

Yars Revenge
Pitfall Harry
Tutankham
I once played a single game of Pacman (flipping the high score a number of times) on Atari from the time I got up until my parents got home. I was afraid they'd get mad I had played the whole day so I shut it off as they pulled in. My eyes still hurt.

BJ Allen's purse for holding his "big pile" of fiat...

whatever the case let's not forget Gox is the victim here. They are the victim of their own success!

lol... for non-"old timers" who may not be in on the "victim" joke...
https://www.mtgox.com/press_release_20130411.html

I think you forgot to add that Mark is also Illuminati.

Your warning is better late than never.

My guess as well. I also had a low bid that didn't fire when Bitstamp dipped.

Only in the movie. In real life they're still alive.

happens often on decent drops

not buying it. if this is internal there simply isn't enough broken English to be from Gox. And they're launching on April Fool's Day?

zoiks!

Not in the statement. You have other news?

I wonder if Coinbase put this article up about "weeding out bad actors" because windjc just took his toys and left this thread?

I like how they talk about how professional they are and then release a blog post to the world how Gox is insolvent, either without actually knowing or ahead of schedule perhaps.

it's not a secret, right? He is known to be "twobitidiot" apparently. Also in Bitcoin Foundation. Google "ryan selkis bitcoin" and find some articles that identify him.

and he's finally settling JPY withdrawals! he'll be back in business in no time. Just a wrinkle, that's all.
http://www.reddit.com/r/Bitcoin/comments/1yuozv/mtgox_just_proceeded_a_bunch_of_jpy_withdrawal/

What if...
           ....if....
                     ....Fonzie *is* Selkis?!?

Wow, 700K Bitcoins was a lot to pay for it! 

I think we can count on him to have already sold them to the highest bidder.

SecondMarket was not listed in the "Gox Stinks But We Swear We're Honest" Coinbase blog post last night?

Unfortunately you missed the recent low of @95 on Gox. That was the time to buy. Now you'll have to wait until price goes astronomically high, then for Coinbase to go insolvent. Then it should plummet back down below $100 again for you to jump on board. Keep your fiat handy!

I wonder if all Gox emails, support tickets, PR statements and other communications will be added to the Karpeles Manuscript Library?
http://www.rain.org/~karpeles/

Agenda? That's outrageous! Innocent Jorge is here for purely academic reasons, and to post Chinese Slumber Party updates. His negative posts should only be construed as a sign he was severely wedgied by peers in school.

Andreas Antonopoulos statement:
http://antonopoulos.com/2014/02/25/statement-on-mt-gox/

lol, maybe. I think he has a perma-smile except when Lisa noted the exact moment his heart broke during Valentine's Day. Martin's always been a little odd.

On a good note he apparently worked *with* competitor Coinbase on security/funds review (audit?) measures recently.

Yes, I can help you. Please send me 10BTC first.

Because I post some negative comments as well. I just wish I could stop having noghtmares about those days of yore when I myself was constantly wedgied from the playground monkey bars.

I wonder if he might "opt out" in coming weeks/months. I don't wish it on him of course but computer developers are mostly social misfits, many with emotional issues, and he's going to be receiving verbal (if not other) abuse for the remainder of his life. That's heavy. Once it sinks in, having tons of money may not make a difference.

I wonder if he had some other grand plan that just got surreally derailed. Or perhaps he is one of the best long con operators the world has known; it's just he's been so incompetent that I have to assume even he was actively trying a long con he would just fuck that up as well.

Thx, sorry.

Sorry to hear of your loss.

thx, sorry. My younger brother (43) would be ashamed of me for the mistake.

Someone get me in touch with Karpeles. I have an idea...

As your personal Lord and Saviour I would just like you to know I have a reason for everything that happens to you. It was not a mistake of mine to make that happen. I have a grand scheme just for you and that episode was a part of it. Keep the faith.

Odd... the lesson *I* learned from all this is "don't leave the car top down when expecting rain."

...otherwise known as "a speculation thread."

This video with Andreas Antonopoulos and Stefan Molyneux goes into the Bitcoin community's attachment to Gox.
https://www.youtube.com/watch?v=wzwWIDIVSTo

Is it as obvious to everyone as it is to me? He is beginning to question his conclusion Bitcoin is a ponzi. He already softened his stance by admitting he now feels "pyramid" may be more appropriate than "ponzi". A part of him is concerned he could soften further, and using the currency may suck him in. He's in an intellectual battle with himself. He's fighting valiantly. It's natural. We train ourselves "if it's too good to be true it usually is" yet here is Bitcoin which is just about too good to be true and yet it is true. It is revolutionary. It is a ground shaking paradigm shift. It will change the world.

You agree completely that someone else is highly confident in a 3rd person's speculation?

Jorge is just this decade's housewife testifying before the U.S. congress that playing a Led Zeppelin album backward produces Satanic lyrics. He's a dinosaur braying at meteors. He is scared and doesn't understand, so he lashes out blindly.

We've done much more than point and laugh. He's not up for learning. At some point there isn't much more that can be done but get a good laugh and move on while he stands there braying.

Agreed!

- Jared still owns 12%

One of the reasons people trusted Gox. Some lawyer trademark poacher tried to grab the trademark but Gox took it to hold for "safe keeping."

Oh, there's a storm headed your way for sure, Mark...
https://www.youtube.com/watch?v=VzmrWONvxck

We get it already, you want to gay bash him. Certainly there are enough actual crimes he's committed for you to pursue him down those avenues.

Also:
http://www.businessinsider.com/yellen-on-bitcoin-2014-2

I don't see this as much of a legitimate "forking of Bitcoin" as I do a creation of another alt coin which someone has the intent of pumping until explosion. Either way, always fun in Bitcoinland.

+1

Like this?

Wow... volume nearly non-existent

I'm not sure Bitcoin can be said to have reached a figurative crossroads until Ralph Macchio has bought in.
http://youtu.be/NPB2qbxuiLM

5 years of this same bullshit. You're wrong now on all accounts, and I will speculate you'll be wrong for another 5 years.

3, 4, 5 years, whatever it is, same debates over and over. Seems like 10 years. Knuckleheads who can't seem to do their own research or bother to read the forums claiming Bitcoin is dead or dying soon yet it goes on, outliving its own obituaries, currently worth a mere 575 times USD.

Whew, that's good news. I was afraid it was a million coins stolen. 

Isn't this like the fifth time you've posted something to the effect of "i just woke up and don't want to waste my time reading this thread or bothering to Google the info so could someone else waste his time feeding me a recap?"

So it would be perfect if Gonzague Gay-Bouchery pulled the heist then.

Hookers, blow and Pez.

shhhh...  let us sell quietly before then.

I don't envision this a reality but it can be filed under "could explain bullishness":
http://rt.com/usa/us-postal-service-bitcoin-780/

BTC is a currency, as the U.S. gov has admitted. They can keep seized money and/or spend it:
http://www.npr.org/templates/story/story.php?storyId=91490480

In the U.S. there are various types of bankruptcy ("Chapters") some of which protect assets while a company reorganizes. Of course Japan is likely different but may be similar. I am under the impression Gox may be under an "asset protection" type of bankruptcy which could explain why he continues to say there is hope he can restore things. I have been trying not to be obsessive about Gox news though because so much crap swirling around it.
http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter7.aspx

My thought as well. They'd know this is the perfect time to fold.

<!-- put 100% bullshit marketing copy here -->

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books.

Legally, lol, but in real life how does it work? There's a Youtube video of a kid who was tired of being harassed for "looking suspicious" so he records his next stop.
http://www.thenation.com/article/170413/stopped-and-frisked-being-fking-mutt-video

There's plenty of other violations of this ridiculous law, which is why there shouldn't be a fucking "stop and frisk" law. Stop and frisk AFTER a crime has been committed. You know, that crazy "innocent until proven guilty" thing. Troubling, I know. We do not arrest for thought crimes, or at least we're supposed to have grown beyond that.

If you have to ask then PT Barnum was correct.

Edit: sorry, for international folks this post is very US-centric...

It's an interesting topic, the shrinking middle class. It was easier once upon a time to just say, "hey auto workers, sorry but develop some other skill." But more and more industries are falling into this pit of either "industry sent overseas" or "industry has been automated."

Today, what industry can an autoworker retrain for? We don't make much of anything here anymore. And we keep giving away newer industries like green tech. And now we're taking our sweet time on Bitcoin tech while other nations more quickly allow for growth in this industry.

I believe America will fall on very hard times for quite a long time because we simply have been making too much money for too long. We're accustomed to it; many feel entitled to it. Unions have made us believe we're worth more than the market wants to pay. Hubris has made us believe we are worth more than the world wants to pay. Couple this with disappearing/automated industries and it spells trouble.

An example of this is a web development company I worked for some time ago. They decided if they couldn't charge at least $50,000 for a web site then they didn't want the contract. Needless to say, web sites came down in price since then and this company went out of business for lack of being "hungry."

So I think America will have some hard times coming, perhaps rightfully so. Great place to live but everyone needs to relearn lessons now and again. The pendulum swings. Fortunately I am over the hill and could kick the bucket before it gets too bad. I'm not a "stockpile beans and guns" kind of person so I wouldn't last long anyway.

It would be nothing but endless Goxings. And as with any utopia, who would clean the toilets?

More cowbell!
(Walken talks erratically. You type erratically)

I read an IRC convo where apparently Tux says they filed for the Japanese equivalent of U.S.' Chapter 11. I don't have any idea how much validity that convo holds.
http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code

Every event is bullish for Bitcoin. Imagine all the arms deals that will be paid for with it! Soldiers from either side will be ransomed with it! Perhaps even the following armistice agreement would be entered into the blockchain! OK... maybe my exuberance is unlikely.

No need for speculation. It is nearly worthless. The price is simply catching up with that fact.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

Is that rocket fuel I smell? Perhaps I need a bath.

I ordered a large pepperoni pizza and a bottle of soda.

More slumber posts?

Space Shuttle Karpeles is ready for take off on its mission to the Moon.  Its payload? Bitcoin. Bears remaining on the launch pad may suffer burns on blast off.
"I am pretty confident we are the new wealthy elite, gentlemen." -- Atlas

Ground Control to Shuttle Karpeles. Uhhh... we just got an O-ring alert on rocket #3. Launch has been delayed. We're gonna have Hal open the pod bay doors and take a look. Sit tight and we'll see if it's just a delay or a postpone.

Due to my highly respected influence in the community, the Bitcoin Foundation has wisely begun UNfounding.
http://www.reddit.com/r/Bitcoin/comments/1zepdf/peter_vessenes_and_jon_matonis_to_resign_at_the/

Poor Atlas really took a lot of grief.

TheKoziTwo?

Space Shuttle Karpeles is leaving the atmosphere headed for the moon...

Couldn't handle the heat. They have Gox tech.

Bitcoin price is primed for another burst up to 800?

Most people make the Joker reference here but I prefer Mike Goldberg, UFC announcer.
https://www.youtube.com/watch?v=y4sdZN7blfE

Don't feel too guilty, Jorge. Some folks did try to send you free coin before the blast off... You also had plenty of time to help your Latin American friends get coin before it took off again.

DJ Jazzy Jeff and the Fresh Prince or some other as solo?

Which retarded bear here is Nikolay Kolev? That fucker is on every Bitcoin blog on the internet talking down Bitcoin. It must be a group of people. No singular retard could cover that much ground and have that many horrible conversations by himself.

The world is in love with Bitcoin and most realize it is a great value?

Yes, him. I have nightmares of that guy's avatar.

Sounds good to me, partner. You sound oddly sane in this post.

My favorite title is "futurist." Evidently in the future everyone is a bunglecunt like this dude.

Bitcoin pheromones.

This is why you can rest assured there is no 21 million Bitcoin cap on BTC. People buy; the coins get stolen from them and dumped in the market for the victims to rebuy ad infinitum.

Hopefully there will be lots of Oscar coverage. I just can't gets me enough actor worship.

lol. I wonder if they'll have Nick back in the future for more "huge announcements."

Good stuff. Mid-to-late 80's was a great time for rap. Not so much anymore, IMHO. Used to be fun, now it's just criminal.

I'm waiting for "the team's" Bitcoins to be stored on a laptop in an unattended hotel sauna. Another accident is bound to happen, immediately followed by another vacation of a couple months. It really is awful (and beautiful in a weird way) to see the pattern repeated over and over in different ways, and how there is an endless supply of folks willing to be taken.

Loose "investment" formula:
1) gain some reputation, deservedly or not
2) gain a following by manufacturing (or simply promising) a high return in some fashion
3) have followers entrust BTC with you
4) claim theft, incompetence, etc.
5) engender sympathy (sometimes 4 and 5 are coupled) OR assume another identity
6) start again at #1 or #2 in 6-12 months. I imagine this phase may be shrinking.

It's been fine for me so far but I expect to lose everything on there at some point via some sort of Goxxing. My only goal is to double what I have on there then pull out my original deposit before the event. But it's going slowly because I don't trade heavily.

Time to arrest everyone in the United States except for the 6 states which do not have a lottery.

Just when you thought you might have seen it all, you meet a Luddite professor with a computer science degree. It's these little surprises that keep life interesting.

bingo.

Pretty much right on target. We also have a "no child left behind" policy which penalizes schools when children fail. So, of course, what do schools do? Pass each child no matter what. Failure? No such thing.

Thx. I was going to google it but I kept misspelling Chaina.

I would consider unignoring him if he provided dinosaur charts.

Hyperbolic headline grab, nothing more.

I had this happen around the holidays once. I had already made quite a few purchases with no issues. Weeks later I tried to make a large purchase at Gyft and it timed out. It was kinda scary. "Did I just lose $1000?" I contacted Gyft and they replied quickly however it took a few days to get refunded. So, loss for Gyft (in that they lost my business since I didn't rebuy), loss for me (since I was trying to get Gyft's extra % discount only available for 24 hours).

It definitely made me wonder how practical it was. It certainly made me realize it couldn't be "the currency of the internet" if it had this many problems being used on the internet. I hold out hope the tools to use it will improve.

Gyft took care of it and refunded.

I'm sure they uncorked some champagne and had a helluva party when BJ left.

I believe I paid from Coinbase which I've since read has this problem (sometimes when paying BitPay invoices apparently, but this could all be speculative). On the other hand, another purchase via Coinbase was undoubtedly the fastest I've ever had processed. I've tried using Blockchain.info via phone but that seems to be even slower than my average payment from Coinbase.

I haven't quite had enough transactions to come to a personal consensus on any of this just yet. A month before Xmas (black friday) I did have a lot of transactions via Coinbase (to BitPay invoice) and they mostly went fine until BitPay apparently started bogging down toward end of that day. So up until my timed-out $1000 transaction I was feeling really good about using Bitcoin for purchases.

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I believe he's in the Jurassic time zone.

TRAIN!!!

Fuck... now I have to unignore him.  *sigh*

Not sure if this is completely resolved or still developing for other transactons, but kinda interesting...
http://www.reddit.com/r/Bitcoin/comments/1znnmr/warning_something_wrong_with_blockchaininfo_wallet/