Bitcoin deals in Russia may fall afoul of anti-terrorism laws, the central bank warned after virtual currencies were championed last week by the head of state-controlled OAO Sberbank.

Has this been mentioned yet?
Apologies for reposting if it has

http://www.bloomberg.com/news/2014-01-27/russia-backs-bitcoin-curbs-as-central-bank-snubs-sberbank-plan.html

Issuing “money surrogates” is illegal in Russia, the regulator said.

I follow this thread by just checking the most recent posts every now and then and I can see nobody replied so I will do my best !
(some ppl in this gossip column/mothers meeting are just rude though the thread moves quickly)

Anyway I'm interested in the same thing since I'm UK based and while I've not yet tried withdrawing anything from Gox I understand GBP/EUR withdrawals work just fine via their bank in Poland though I would advise small amounts say no more than £1000 at a time. At that level I'm sure I've seen people post they it's taken a few days to a week to have the money land in their account. 
It's USD withdrawals that are still broken and I understand there is no way to get USD out.

I would also recommend trying BTC-E if you can suffer the price difference and a euro withdrawal. I've had no problems at all with moving money in with them via SEPA though their verification process is a little odd. You submit your documents via a support ticket referencing your first transfer so there was a delay of a few days the first time but after that I made multiple deposits with just 2 to 3 days from HSBC to cash showing to spend in BTC-E

Hope this helps !

Well at the time I had fiat to pay in and I was feeling impatient so after getting scans of my documents sorted I submitted verifications with bitstamp and mtgox.  At the same time I did the same with btc-e with a test deposit.

By the time bitstamp verified me (3 weeks I think) I'd made many deposits with btc-e and I think the mtgox verification took 2 or 3 months I think by which time I was fully paid in via btc-e. The multiple deposits were simply because HSBC limit how much I can pay out via SEPA and I wasn't going to make my next transfer till the last one cleared.
I can understand your caution and I was the same but the step by step approach worked for me and I figured bitcoin isn't for the faint-hearted anyway so what's a little extra risk to get cheaper coins  Stamp is level with btce now but it was about $50 higher at the time (pre-china).

My only complaint with btce is the volume is low and a "wall" is 30 bitcoins lol

Edit : Also I want to see the full bid depth and I've found that available anywhere yet

Ok im going to sell for now but will deposit more money for some possible cheap coins. Advance happy Chinese new year guys!

Are you guys aware that there are over 32k BTC stuck in MtGox withdrawals?

http://thegoxreport.com/

We will see. Gox has been claimed to be dead many times before. They make so much from fees, Karpales would have to drink about 40000 frappachinos a day to burn through that much money.

If you guys at all care to read anything factual on the matters of MtGox's Bitcoin problem, try this writeup (by gmaxwell I believe, who is a core dev) http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac

I think people who think MtGox is insolvent are wrong. I'd like to see what they have done not only with their currency profits (far in excess of any losses incurred by DHS/Coinlab) as well as Bitcoin profits which are likely to be in the 6 digits.

Here is something out of MtGox's last "transparency report", even if it was a long time ago:

Here is something out of MtGox's last "transparency report", even if it was a long time ago:

Yes and if you read down a few comments in that thread you will see someone talking about how they interviewed for Gox a couple of weeks ago. Which means they are hiring. Also, he said they don't test changes on a test server, meaning they do direct into protocol. If true, however insane that would be, would go a long way to explain how a problem like this occurred.

I will give 60% on the dollar up to 100 BTC. For every 1 Gox BTC and I will give you .6 non-Gox BTC.

Willing to use escrow.

Sure.

I have an account there. I have never traded there as I think its a poorly run business and I am not really a day trader who thrives on volatility. I am a long term investor who trades from time to time when I have extra time and the timing is perfect.

However, I don't run around like a chicken with my head cut off creating FUD like some (i.e. seriouscoin) just to try and take advantage of others. So if someone genuinely wants full insurance on their coins, I will give it to them for a 40% premium.

I will take all the risk of GOX insolvency.

 any company of MtGOX's size has a financial manager,

... a multistage bulltrap.

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

Yeah dude that's sick.

lulz no html allowed 

Us oldsters need to stick together.  If you gorra post images, then you gunna need to use the BB codes.  Like this [ and that ].

had to delete the post because the countdown was removed for some reason by bitcointalk.org software. Downloaded from source, upload to imgur, post img tag with direct link to imgur gif 

It's just that normal for Gox means 'not at all'.

Should be here when it's posted:

https://www.mtgox.com/press_release_20140210.html

Where are the bulls today? 

 

DISCLAIMER: under normal circumstances I am a bull 

This could be the biggest dip on the pure fud that we had yet. Maybe it could be avoided if Gox worded it better, but who knows, maybe it was intentional?

The challenge for me in offering something here is that this isn’t news to me – for years – and it’s never been a particularly large concern. This wouldn’t make the top ten list of dangers in the Bitcoin technology.

It was 1:00 PM here in germany... The more worse thing is, I thought we´ll go back to deep 600´s again and sold 40 coins @689 (bought them at 680 3 days ago) and now we go up... I hate speculating, was wrong each time...

How could you actually fail that hard?

there was no DOS, i proved that by sending 1mBTC to three poeple in the mist of the "DOS" all three TX got confirmed in a timely manner.

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

woohoo CCMF

.... the Wild West of Fiat (also known as London) where AIG's traders ran that company into a bankrupt state and JP Morgan's whale trader lost them billions too.

Of course. I'm trying to drive down the price. Cheap coins ftw!

FUD will do that but whatever, people with money are going to absorb all those coins, good riddance to those who are afraid.

Still BTC is trading well above $600 everywhere but Gox. This is a sign of strength in my book. Be prepared to buy, guys, because the network will come out MUCH stronger after this issue is solved.

I have ignored him and Walsoraj

Its an independent entity from the italian group, but that's not really an issue.
Also their UK address, is a mail drop. Go figure what EU laws they want to evade?  But their real office are still in slovenia.

I'm not sure If you guys are now trolling me pretending you don't understand contrarian indicators and sarcasm.

Invest in tech that makes life better for the user,  not for the climate or whatever.

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.

It seems like people are now able to withdraw BTC from both Bitstamp and Btc-e, multiple posters now confirming that they have done so.

Is this officially confirmed now?

lol.  Mine is printed on celluloid, or Parkesine if you prefer.

So BTCe bitcoin withdrawals currently are working, when is the last TX you have made?, if you don't mind me asking

You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic.

I suppose that the case of MtGOX (and Bitstamp and BTC-e to a lesser extent) alerted many investors of the risk of leaving all of one's bitcoins stored at the exchange, and/or of using outdated versions of the wallet software.  Many probably did not even have a private wallet (unless the exchange required one to open their account).

China has more investors than other countries, it seems, so it is expected that they would make more downloads.

nerds ain't got no girls to splurge on ..oh shit the escort services. GG

Actually there is only a finite amount of money that could go in, and a practically infinite number of crypto-coins that can go in.  That is one of the many reasons why am skeptical of bitcoin's success.

Well, one can see from the hourly volume charts at bitcoinwisdom that Huobi's clients start trading around 07:00 am Beijing time and stop around 02:00 am.  There is almost zero trade between 03:00 am and 06:00 am.

One can also see that they sleep trade until later on certain days and wake up somewhat later the next day.

OKCoin's volume varies in a daily cycle but does not stop completely at night. Either their clientele is more scattered, or there are unsupervised robots trading there.

But anyway it seems that the whole of China is a single time zone, even though it would normally span several times 15 degrees.  It makes economic sense to synchronize working hours over the whole country, but I do not know whether they sync their sleep hours too.

your feelings matter but you're ostensibly a man, so you should know that they don't.

You could argue that emoting is more useful than thinking. You would be wrong, but you could argue that. What you can't credibly say is that juveniles more typically act on what they think as opposed to what they feel, especially when compared to mature adults. You just discredit yourself when you do that. Same goes for comparing men to women, unless you get all your info from The View.

I dont think we can withdraw BTCs from either BTC-e or Stamp yet?! and there is no clue when we will be able to do so. could take months.. 

Attack? This is uber-bullish. If JP Morgan had to write a detailed report in order to shit on BTC it means they are pooping their pants. They are seriously concerned.

Great.

Just saw this near my house. Blood in the street. Coincidence? Omen? Statistic probability?

China is just starting to wake, right?

 

Yup. Whoodathunkit? 

Turnabout is fair game I suppose.

AKA: confirmed sources

http://www.coindesk.com/mt-gox-bitcoin-price-falls-post-china-low/

"The most direct contributor to the day’s decline was the revelation that more than 4,500 BTC were reported stolen from online black market Silk Road 2.0, which failed to adequately respond to transaction malleability issues that were earlier reported by Mt. Gox, Bitstamp and other exchanges."

All coins might be stolen! Even Stamp. Oh my God!

Edit: Gox below 450$!!!!!!

Edit: China below 3700

so hum Gox lost 50% within 2 weeks or so.. i just dont understand where the money goes since people cannot withdraw fiat NOR bitcoin.. i mean, i people are selling bitcoins at lower price to have lower fiat amount, where does the value goes since the marketplace is closed (meaning nothing comes out). dunnow if i made myself clear though

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

GOD HATES PRON!

A site that suspends withdrawals of BTC and/or currency but continues to accept deposits of any type may not be a scam site, but is putting up a good impersonation of one.  What if a client deposits without noticing the restriction, then needs to withdraw for some reason?

An ethical exchange (or any bank-like service) should suspend deposits whenever it suspends withdrawals.

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.

can anyone suggest a good bitcoin price ticker site, something i can use while bitcoinwisdom is offline?

I also have millions in fiat, so I don't really need your advice. Thanks though.

And SHORTIN!!!

If you want fairies and rainbows, check the securities forum.

Bottom? Or lower during the weekend?

Fonzie has said he was shorting Bitcoin since like... ages ago.

Anatomy-of-a-bubble.jpg

OK man... well I take your word for it... but a word of advice... we are the sum total of our thoughts...

think about that in all honesty seriously... because I for one have had cause to wonder this question about you... what kind of man is Fonzie? because honestly trollin and shits and giggles aside... and I know we are all busting each others balls to a degree and I like to come on here for a laugh and bust some balls but also to acutally talk and discuss and maybe learn and  well you know... not just be a jerk all of the time... don't carry negative energy around all the time Fonzie it will kill you and drain the love and joy from your life...

I say here with 100% certainty that some of you are twats, maybe I am one of the twats, but unless you are actually an employee of a PR company working for Morgan then remember that on the other side of this are people, and at the end of the day,  imagine actually if for what I would conisder a very outside chance Bitcoin goes wrong... that actually there will be people that it has an effect on... thats the difference between a person that is here to actually discuss Bitcoin, they are here to , well discuss bitcoin and yeah have some shits and giggles along the way... but  really, as a decent human being, if there is a person on here and they have a position whatever it maybe  and it goes against them, you know it could actually be a real bad thing for them (it could a be a short position)  and basically if you are on here
gloating and prodding and basically laughing at someones misfortune, then I think you need to have a think about what kind of person you are... you seem to have a playful side.. but you also seem to have an imature side..   you know its all fun and games but you are the only person that has responsability for how you behave no one else... and shits and giggles aside, man trust me when I say that trollin and busting balls is all very good... but being a decent stand up guy is a better trait to have , and it will serve you and your reality and experience of life to basically have more... so if you are not a paid employee, then basically , troll away.. do  but know something.. everytime I see your posts they just make me wonder about you.. not Bitcoin.  Basically shits and giggles aside... I think we should all remember what the principles behind crypto are and if you do not understand them, then you have no place... none on this forum, because you are just here to cause annoyance and distress to others... way to be rememberd in life .. honestly.

the people that have been stuffing the average joe , all around the world for a very long time, are the ones this energy should be pointed towards... I do not know about you, but I used to work for a very elite banking firm, but I also come from a rough backgorund, and I know people I know families that got destroyed after 2008,  people that lost fucking everything, as in lost everything , then a suicide and then it was all really lost...   I know who this energy should be targeted towards I know what is happening in the world today, I see the largest ponzi mass transfer of wealth ever in history happening right now, across the globe, and not a Bitcoin in sight... seriously.. I have not ignored you until now... and fun is fun... but if you cannot see this... and you do not know what side you should be on, then frankly I am going to give up  because you offer nothing else but spite and gloating and shit shit shit.. then thats fine but if you are not part of the solution... then you are part of the probelm.. which is sad because that is a choice that you are making.. and for all I can see for what  shits and giggles you love ripple but hate Bitcoin... oh right well if you actually think that way, then why not support Bitcoin and suport Ripple , because if you think Bitcoin going up in flames is going to help Ripple then you are daft..  this is what I am trying to get at.. all this energy, all this time, and you point it towards something you want to see fail.. I cannot understand why a decent rational human would do such a thing... if I do not like classical music, guess what  I do not listen to it... but I not make a point of going onto "I love classical music forum" and try to shit on everyones parade, honestly, I cannot think why  or what would make a person do such a thing even if you felt that people on there are so full of it...   so take this how you will Fonzie.. its up to you.. I am being an open person to you, so take it as you want... but there is another way... you know one that involves communication and understanding and honesty and it is was way way more benificial to the entire planet, when humans go down that path..  I do not know you and I am not judging you, just saying.

An I wrote you that poem and everything bro... so troll away , I would not ever want you to change... but you know.. as a gift from me to you... find a path that is creative, and coperative and helps and gives to others.. that is actually where all of the wealth in the world lives.

My two ripples worth for you.

oh and

CHOOO CHOOOO MF'r!!!

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

So is anybody else getting a Host error on BTC-e?

Hmmm.  BTC-e back up.  My 500 bid might get filled tonight.

Us easterners are panicky eh?

A "flaw" in the code which caused Mtgox to fuck up was impossible to predict. So just pure coincidence.

Spread between stamp and GOX in percentage, expect that last bar to turn red en shoot down when if gox enables btc withdrawals.

Wot no $10, what's taking so long?

Guys do BTC-E withdrawals work? Thanks

BTC-e has confirmed it is processing bitcoin withdrawals again.  Sauce

He paid for membership, not for the board seat.

Let's se if understood correctly.  The "malelability" of transaction requests can cause two problems:

  * First, old or custom wallet software may broadcast out "non-canonical" transaction requests (like writing "$020,0" on
    check instead of "$20,00").

    Such requests were originally accepted by the bitcoin network, but  a few months ago the protocol was tightened
    and they started being rejected.

    An exchange that issued such a request in order to execute bitcoin withdrawals by clients had to either re-issue the transaction
    request, or cancel the withdrawal and credit back those bitcoins to the client's account.  If the exchange did either of these
    two things, the result would be only annoyance to clients as their withdrawals were delayed or failed.
   
    If the exchange did not do either of those things, the bitcoins would be subtracted from the client's account but would remain
    in the exchange's own wallet.  If the exchange also failed do proper accounting (which it probably did, or else it would have detected the
    problem), it may have believed that the apparent BTC surplus  (bitcoins in its own wallet minus sum of all bitcoins in the clients accounts)
    was its profit from fees; and therefore converted that surplus into dollars to pay for expenses and dividends.  In extreme situations,
    the exchange may become insolvent (unable to produce enough bitcoins and dollars to honor all its client's accounts.)

  * Second, some hackers exploited the malleability to steal coins from any exchange that issued non-canonical requests.
   
    The hacker would open an account at the exchange, put some bitcoins there, and request a withdrawal. He would then watch
    for the corresponding transaction request as it was broadcast by the exchange, and would broadcast a mutated copy (like
    changing "$020" to "$20").  The network would execute the "canonical" version and reject the original for being non-canonical (and
    also an attempted double spend). 

    The exchange would then think that the transaction had failed, and therefore would either re-try it, or cancel the withdrawal and
    credit back the coins to the hacker's account.  In the first case the hacker would get the withdrawal executed two or more times
    but debited only once; in the second case he would get the withdrawal executed without his account being debited.  Repeat
    to taste.

    Again, this hack could be spotted imediately if the exchange kept proper accounting, as it would notice that the coins
    were taken out from its own wallet in spite of the transaction being apparently rejected.

Is this understanding correct?

If so, does anyone know whch exchanges had which of these problems, and how many bitcoins  they overspent or had stolen?

It seems that for MtGOX the amount involved is at least 50,000 BTC or more, and one of those two problems had been occurring for several months.  How could they fail to notice and diagnose such a big problem?

Real trolls don't trade and don't own any bitcoins.

I will stop trolling when Bitcoin hits 200-300$ , promised.

"Over time bitcoin changed and started implementing changes that would require people using previous versions of the software to upgrade. While we followed most of those updates we were more and more busy and couldn't keep up with all the changes,"

Mark Karpeles
too funny

They always seem to come out more when the price is down by any amount for any amount of time for any reason. They just sound ridiculous when prices are on the way up so they shut up.

I don't mind a good bear. I even find myself agreeing with some of them short-term on occasion and take some good-natured ribbing in good spirits. It's just the incessant bleating gets tiresome (and I know that that is the desired effect so this isn't meant for their ears, just a general grouse). I still have no one on my ignore list but it gets tempting sometimes.

True enough. But as the blockchain fork and the silk road debacle showed, when Bitcoin takes a knock and survives in good shape, it just comes back even stronger.

The main issue that Bitcoin appears to have right know is that a broken Gox is clinging on and stinking up the place. It either needs to fix its shit and get everything working or go under (preferably in a graceful way without disappearing with everyone's coins or fiat). I'd prefer the former if it can be done in a reasonable timescale without stringing people along.

If Gox can't get the fiat thing sorted out, it needs to suspend deposits in those currencies that can't be withdrawn and offer to sell Bitcoins to those with accounts holding those currencies at the current rate on other exchanges or their own (whichever is lower. Which will be other exchanges if BTC withdrawals get fixed). Then if BTC withdrawals are still not fixed, it needs to start processing them manually, firstly for those who are looking to get fiat out and then for anyone else who wants their bitcoins out.

They won't of course. Too arrogant. Or possibly they don't have the funds (I don't subscribe to that viewpoint but it's difficult do explain some of the shit they're up to any other way).

If they ever do open the door - the stampede will be fast.

I have a small amount of coins left in there I could not get out my last transfer was stuck and was 'kindly' returned to my account as the door was bolted.

The gamble for gox is that the price will shoot up as people buy coins to simply get out, which would look good for a while.

Of course the only people buying will be (initially) doing so to get out.  

I have not traded there at all since - I just want my coins out. Forever.

I can't see them opening up 'just like that' any time soon - they must realise all liquidity could disappear very quickly.

If they are smart - they announce zero fees and limited withdrawals and hope the price rise brings confidence back.

But really for me the only solution is to sell gox, or announce a deal with a credible partner with deep pockets to bring confidence back.

if you are gonna buy long term hold is there any reason you'd not want to buy from mtgox being 150 bucks less...ie you have no worries about cashing out
and/or getting btc out at this time...

I mean at 150 bucks less a coin and you intend to ride this out till jan and beyond as a hold strategy

whats the diff? is there a down side?

besides waiting a month or two to get btc out maybe?

noob question here sorry

at least on trading I'm a noob

Searing

According to Wisdom, there are some shenanigans going on at Gox. A few hours ago a dump was marked as a 200 BTC order in the order history but only showed up as a 155 BTC sell on the volume indicator. Also, are the orderbooks on Wisdom accurate? I might be seeing things but it seems to me that there are "phantom orders" that show up in the books but that don't get counted when a dump eats them.

Billy cashed out around 10k BTC during the last downtrend and doesn't seem to be out of coins.

Windjc, why are so obsessed with them?

You claim that you have no assets at MtGOX. That internal trade of virtual "gox coins" for virtual "gox dollars" is isolated from the rest of the market. So why should you care?

Those guys have been trying to get their money - over 30 million dollars - out of MtGOX for months.  And now they have also to stand being  insulted?

They only made one stupid mistake, which was to leave their coins and dollars in the hands of an unofficial, unadited, unlicensed, and unregulated bank run by an amateur banker.

Just be thankful that yours are still safely kept by an unofficial, unadited, unlicensed, and unregulated bank run by an anonymous amateur banker.

What do you mean? This was a great week. There were 20% and 40% swings all over the place. You could have made a fortune.

So no BTC withdrawls on Monday? :-(

So, is the consensus here that Gox will not be able to pay out?

200s and I'm gona find it hard not to wire some money in to gox.

It's not so funny. Withdrawals will work again soon enough. Making loads of money quickly doesn't happen when there's no risk involved.

I just don't believe it anymore. This selling on Gox can't be real. People can't be that stupid.

Exactly what I was thinking last night. Those 300btc sells just don't seem right

There aren't many places tbh, but every time I check out http://coinmap.org/ I notice one or two new places. Vineyards seem to like btc. What's the place in Napier you know of? It isn't on the map.

Good point.  So, then no rationale.  Just emotions?

God once $266 goes. This is the first time that a previous ATH has been broken.

Huh? Why would that be needed?

I just had a weird thought:  Wonder if Risto bought at 450 on MtSux?

That's an awful lot of stupid people with an awful lot of money.

A million isn't much these days. Certainly not enough to buy happiness.  That takes 10!

I think he's everywhere. Even on gox.

Oh no. I am not angry. I'm just amazed by the immaturity that drives some of these market moves. I am actually only annoyed by two things on this forum. One, trolls that lie. And, two, paranoid and "worst caser" personalities that lead people to feel like constant victims and without power or control. Which leads directly to things like $270 bitcoins on Gox.  I'll add a 3rd peeve. People like Mark K. who obviously are not emotionally equipped to run a professional business. It just makes Bitcoin look stupid. Which slows everything down in the promotion of this incredible technology.

But besides that I am happy as a lark. I'll try to add more smiley faces to lighten the tone of my posts.

I just wish I had a good way to get fiat to Gox. But, alas, hopefully this will all be over in a few days and we can get back to normal around here.

I'm betting that mtgox says they need more time before they can start withdrawals on monday, causing another dip to the 500s everywhere else.

Beware those who must profess their happiness ..

Or those who speculate on other people's bank accounts eh windy?

Not the sharpest tool in the shed. But, I do think he may have been arbitraging at one time from there. Still, not the sharpest tool in the shed.

How does it come that you libertarian anarchists, all power the people guys... are most of the time the biggest narrow minded fascists and tend to describe yourself as outstanding smart and noble?
I even received death threats via PM in here already... Unlike you i never insult other people, i´m just trollin Bitcoin..

Risto is smart. But smart people do dumb things from time to time.

And in this case he trusted Gox which I would have never done. Risto will be ok. He will get his btc out when they reopen withdrawals. But he has been stressing about it and yelling at people in the service discussions threads for the last few days. Risto is prone to paranoia and "worst case" beliefs.

I like you Creekbore.

lol @ anyone thinking the Gox staff is going to "cut and run". Have people become that stupid? I guess the current price is a reflection of massive herd mentality and stupidity. Oh well, more profit for me.

Transfer queue is currently not accepting more requests, please retry later

I made a 1% loss trading today.

Well I think one thing has become clear here, Bitstamp has certainly not bottomed out into a rally. For one, look how low the volume has been.

I am Bill Gates.

in which language the cow goes mooooo ? English ? hahahahaah

The varying onomatopoeia for animal noises across cultures is very interesting - for example while dogs in English go 'woof', in Korean (IRC) they go 'bow wow'.  The noise for pigs varies quite dramatically too.

Using "people" and not "sheep" ? You're in a good mood today I assume

Bitcoin Jesus will save us

Yep

http://www.youtube.com/watch?v=1cexawnOlR8

The press-release model, while important, is not necessarily the best way to get the word out. The r/Bitcoin Reddit, for instance, does more to get the Bitcoin message across better than any centralized press desk could.

Everyone knows the Foundation is dysfunctional and that their current role is basically limited to code maintenance.

BlockChain.info have implemented changes to address the malleability issue.
Our solution should work in the short term, while a longer-term solution is being
discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are
also discussing this with other exchanges and businesses.

The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox’s implementation of their highly customized wallet software, their customer support procedures, and their unpreparedness for transaction malleability, a technical detail that allows changes to the way transactions are identified.

The only conceivable scenario in which BTC won't succeed is if somebody like Google creates their own copy and it overtakes BTC.

No bitcoin clone will ever supercede bitcoin. Will. Not. Happen.

No corporate backed coin will ever supercede bitcoin. Ever.

It would have to be a different non corporate open sourced (at some point) alt.

Less than a handful of those exist today all in fledgling states. Bitcoin is in the clear for at least a couple more years.

Is this their announcement??? Uploaded moments ago.

https://support.mtgox.com/entries/26541094-Maintenance-Announcement-Effecting-Bitcoin-Transfers-February-15th-2014

Basically uploading that pdf to their support website? 

Tell that to all gov, hacker, bank trying to wipe btc out since 2 years

True. There. Could. Be. A. Zombie. Apocalypse.

No it couldn't, all the alt-coins right now are bs. Bitcoin has a huuuuuuuuuuge advantage over all those crapcoins because it actually did something new, and thus had value from the beginning. The others are effectively a credit derivative denominated in BTC because the only way they're ever used is by exchanging to and from BTC.

In order for anybody to beat the first-blow advantage by BTC, it will need to be backed by a company with a budget big enough to fund an advertising campaign bigger than all the press that BTC has already gotten, and even more than that, to persuade people currently using BTC to switch. And such companies are few and far between, especially since there's no way it'll ever be used if the company pre-mines the entire goddamn thing, so there's literally no incentive for a company to do such a thing rather than just using the standard thats already there, unless they come up with something miles better (perhaps fully POS, no need for miners or something).

Google won't be funding a fontas-style altcoin pump-and-dump, thats just absurd.

It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.

Quote from: TERA on Today at 01:45:08 AM
This is exactly what I was talking about in my other thread "the irony of a decentralized currency with a development team" but they don't get it and insist that "open source" keeps everything in check. Well the fact is that open source is irrelevant to the structure of the people who are in control on a minute-to-minute basis. The hard fork being pushed in a matter of hours proves this. There isn't enough time for a big open source community review of the code and nobody has time to do a full audit of the code in an hour. There are people, in control.

Quote from Blitz:
Congrats my friend, seriously. I remember that thread. You grasp what the Bitcoin cultists do not.

However, a certain degree of centralization is useful as we have seen, and I don't think it is a fundamental concern except in the very, very long term. Still, it is good to be aware of it.

Yup, it's all still there. Not a single satoshi missing. What damage?

Popcorn and fine wine.  Love it.

Here's to you and me! 

Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future.

I agree.

Gox has to be responsible, news picks up a story like that, makes up a few headlines "btc flawed". And we've lost a % potential investors just like that.

What we have here is a massive disconnect.  Many participants insist on conflating the price of the miner’s reward, which is what we are trading, with the worth of the blockchain/protocol.  This is not Bitcoin, Inc.  There are no shares of the blockchain for sale.  The asset, protocol, cannot be bought.

Good luck trying to overcome the biases that are evident in a great many posts on this forum in general, and this sub-forum in particular.

I think that we don't see the feature tonight.  Perhaps tomorrow, but that is still doubtful in my mind.  MK seems to have a way of underdelivering.  ie, this could go for days.

The Shiraz sounds intriguing.  I'll have to see if my local establishment can get some.  Tonight I'm having a home-brewed Tokay.  (not recommended for the faint hearted)  See here if you are unfamiliar with this delight. 
http://www.lodiwine.com/blog/the-fiery-fall-and-resplendent-resurrection-of-flame-tokay

MK is on the board of the Bitcoin Foundation - hence the inability of the Foundation to do a proper job.   If I had a cartoon of an Ostrich with its head in the sand I would pop it in here.

It all reminds on last year when they were installing their super-dupper trading engine to get rid of the lagging problems and their announced ability of LTC trading. Guess what, neither of that happened.

I completely agree and had the same thought about a year ago.  I approached a few people via the trollbox (the ones who were clearly compos mentis although the trollbox wasn't as bad as it is now) and apart from one guy, who on consideration decided it was far too much work, everyone responded (politely) that this was not what BTC was about and it sounded like shudder regulation.  But why shouldn't the people that use BTC organise themselves and impose a set of standards (or regulations) which make the eco-system better?  

This is why I'm a rather cynical about the "bitcoin will change the world" angle - unless people get involved and take ownership BTC may well change the world, but not in the positive, egalitarian way they presume.   The reality most here just want to financially better themselves and live through some technological disruption, they don't want to get too involved.

Did i mention that i worked 10 years ago in a psychiatric ward.

Takes one to know one?

the world is tired with the drama they're bringing

er don't get the association with the above link ?

The end is coming...

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are?

However, I'm not going to pretend like THIS is a good chart to buy into right now.

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

U want out of Australia?

U clearly have no idea how good you guys have it there compared to just about everywhere else.

I think it's great. Why shouldn't people have the option of paying someone else to keep their coins safe for them?

Their choice of stock photography makes me facepalm.  

We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.

5000 pages... has ANYONE read the whole thing from page 1?

I am still confused.  From the comments in that reddit thread, I understood that there is not a single bit of new news about MtGOX: they did not start testing, they did not resume withdrawals, there have been no reports from them or anything.  Did I understand it wrong?

All the newspapers have our cover on them today and we have blanketed the island with information about us and Bitcoin over the last few months. We have had statistical indications from external sources that our marketing campaign has achieved more discussion and penetration than any other campaign before in Cyprus.

We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.

Do you know how stamp works at all?

There is no market order option.

There is limit order, or simple.

Limit, you know what that is.

Simple is when you just sell at spot, but as soon as a bot bids 0.0002 lower than you, then spot moves 0.0002 below your sell order and it is not triggered until spot is bid up to sell order. This looks to me like some noob went to dump 10K BTC using SIMPLE!

If that is the case, then we can expect that 10K BTC to disappear as he cancels his sell order, and tries again using limit order.

Either that, or it is a hack.

Uh, how is a 10k sell wall irrelevant when
1. Its completely new
2. Its $10 above current price?

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.

poof

or a smart trader who will sell now and buy much cheaper....

I speculated the same thing a few days back

yes why not ? I would do the same... it takes patience to make profit, watching the 15 minute chart will never make you any profit, you will be just paying allot of fees and losing your nerves, I found a couple of trades a month to be the most profitable trades ever.

I can smell a crash to 400, you dont have to be bullish short term, you have to adjust your position with market moves, but to be honest I am so bullish long term...

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

I really don't know to do anymore. After this bullshit don't see how it will go mainstream anymore. It happens now and what stop it from happening again 6 months from now. Big money will keep using it as a tool to manipulate and crash the market. Over and over again. This won't just magically stop.

Yes and they waited for the perfect time to exit the market.

Yeah I can get like that if I have not had an afternoon nap  

Yep that was about it : )

The fast show was great...

No news is good news. 


Oh and the owner of the 5k wall on stamp got bored and liquidated. And it barely made a dent.

I think its fairly probable we are going to be testing 500 at some point in the next 12-24 hours.

Something tells me that Satoshi has quietly sold his stash off-market and now he has only academic interest in bitcoin. He is no longer an owner, not a trader, and he is rather skeptical of its longterm success.

+1

no chance at all, better hit that big red panic button.

Feb 25 (Reuters) - Bitcoin exchange Mt. Gox has received a subpoena from federal prosecutors in New York, the Wall Street Journal reported, citing a person familiar with the matter.

Mt. Gox, once the world's biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at "a turning point," sparking concerns about the future of the unregulated virtual currency.

The subpoena was sent this month and asked Mt. Gox to preserve certain documents among other things, the Journal said.

http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2

http://www.cnbc.com/id/101446338

Keeps getting better. Japanese authorities also looking into Gox.

word

this is a possibility

They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.

oh look a Unicorn!

mtgox.com now has another...um..."update"

ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION

An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)).

Contact information

A call center has been established to respond to all inquiries. The call center is planned to start on March 3, 2014. All inquiries to MtGox Co., Ltd. should be made to the following telephone number:

Telephone number   +81 3-4588-3921
Working hours    Monday to Friday 10am to 5pm (Japan time)

Please refrain from contacting the office of the supervisor/investigator.

So is there anything Mt Gox can actually say that will crash the market?

Idk. Why are posts filled with hate, anger, racism, sexism, and stupidity even on this forum? I see them every once in a while and they baffle me. I thought bitcoiners were supposed to smart or evolved people.

Another thing that suprises me is this kind of thing (and also profanity) will get someone banned in the btc-e trollbox but is perfectly ok here.

A well written article, if it were written about something else. Global warming comes to mind.

No. There have been now two separate events where climate scientists have been busted doctoring data. Their warming models have failed repeatedly. You have no way to prove that current storms have anything to do with any sort of warming event. We just had one of the coldest summers and winters on record. The recent expedition by the global warmers were stuck in record ice caps as they attempted to document the shrinking ice caps.

Up or down?

Huobi looks like it will have only 1/3 of yesterday's volume - ~30 kBTC.
OKCoin BTC/CNY may have 1/2 of yesterday's volume.
OKCoin LTC/CNY also looks like 1/3.

I did not find anything about today being a holiday in China.  Mar/12 is arbor day, but is a business day as usual.

Market is preparing for the next big jump - it could go down or up ~200$. It can take a few days before it starts, but quite soon we will see.

We might wake from hibernation when bid sum goes over 20M. MIGHT.

pray tell, what do you mean by bid sum?

It is not consistent with bitcoinity.org.  Can anyone attest as to which is correct, on the basis of the bitstamp API?

Al contrare -  YOU look like a snowman to me.

Who or what is "Au"?   

Apparently, I did NOT know which language I was attempting my communication.... ... and seems that I may have been less than successful in my attempt to communicate with clarity... ... ... However, it also seems that at least I was in the ballpark sufficiently in which it seems like a fairly plausible explanation has come about... ... and NOW, I am more edumacated.... at least regarding that particular expression.... gratsi.....   

Yes.  I understand humour. 

Does the train make a beeping sound when it backs up?

dont mean to interrupt the party but what's going on with vircurex? didnt followed the whole story but is it like shutting down somehow?

yessir I think the bears are giving in. we makin a move!

just noticed that my favorite log baseline crossed over 500.  rising almost $4/diem now.  crosses the current price on 12 Apr.  crosses ATH on 9 Jul at a rate of $8/diem.

For clarity, out of habit, because 'per diem' is colloquial, while 'per day' is more difficult to distinguish by ear in context from other common words in romance languages.

(of language) used in ordinary or familiar conversation; not formal or literary.

This is completely not in evidence.  It is justified only by a hoax.  That's very weak ground to stand upon.

Now that Bitstamp is becoming the main exchange, it's going to take 5K-10K walls to be significant, like the good old days, rather than 1K walls.

I got a good feeling about this.

LOL im not falling back on anything. it's all playing out fine.

ya know, elliot wave analysis has fundamental explanation, it's not witch craft. It's not all about charts either, an EW analyst is also fundamentally involved, or is not an EW analyst.

we are all about panic selling, it's the same every time, old as the hills.

Right now i´m in Malaysia-Kuala Lumpur, preparin for my flight back home on Sunday. I had awesome weeks , i have visited Malaysia, Cambodia, Vietnam, Indonesia and New Guinea.
23 flights in 6 weeks 

Is it? BTC deposits do not need vouchers, I understand they are for yuan/usd/whatever. ("BTCC" is "BTC-China", not "Bitcoin".)

everyone take one last look at my witch craft before I throw some dice and the market goes as I please.

and still hodling long from 475 

Permanently out of the game means dead.  I don't think they died.
Gox victims have a lot of btc to buy if they hope to recover. 

the 12hour period we talked about.

Did someone saying they like boobs accidentally oppress you?

Thanks Brian.

(Risks Godwin)



Worst ever PM. Even worse than Mulroney. Should be hung for treason.

Solid reasoningWishful Thinking vs Speculation: 1-0 

The three surest ways for a smart man to go broke are liqueur, ladies, and leverage.