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Bitcoin days destroyed went up to an all time high yesterday, showing that old Bitcoins have been moving around after sitting stagnant in wallets. Maybe Gox's technical issues meant they got hacked or are getting ready to cut and run.
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Feb 7, 2014 14:17
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...! posted:
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Feb 7, 2014 14:22
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Sham bam bamina! posted:serious question what's going to happen to all the butts/actualmoney in magic the gathering online exchange because this is not a sustainable state has there ever been a ponzi scheme that stayed afloat long enough to become a stable, non-crooked financial entity?
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Feb 7, 2014 14:26
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prefect posted:has there ever been a ponzi scheme that stayed afloat long enough to become a stable, non-crooked financial entity? bernie madoff? the us housing bubble? herbalife? i guess it depends on your definition of 'stable' and 'non-crooked'
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Feb 7, 2014 14:27
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uncurable mlady posted:bernie madoff? the us housing bubble? herbalife? i guess it depends on your definition of 'stable' and 'non-crooked' i guess by "stable", i mean it ceases to be a ponzi scheme
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Feb 7, 2014 14:30
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prefect posted:i guess by "stable", i mean it ceases to be a ponzi scheme the us stock market 
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Feb 7, 2014 14:32
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as a people, i'm having a good laugh from all the apple hate. has any of these people commented on how the blockchain app clearly tried to manipulate the review process?
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Feb 7, 2014 14:36
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They submitted an app that only monitored transactions and couldn't send Bitcoin. Then after it was approved, they updated it to send Bitcoin against the tos. They submitted one app, and updated it to a different one.
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Feb 7, 2014 14:38
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...! posted:This is too long for even me to cut/paste but it's good reading: if you only click one ...! link this year, make it this one holy poo poo mt gox imploding hard
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Feb 7, 2014 14:40
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FrozenVent posted:if you only click one ...! link this year, make it this one pro-est of clicks
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Feb 7, 2014 14:44
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jre posted:pro-est of clicks Day 3 – Friday 7 February I started my protest a little later today in the knowledge that most of the Goxies don’t start work until after 9am. Then there was an unexpected twist; another person showed up looking for Mark. He was an emissary of an early adopter and well known member of the bitcoin community, and was there to collect an eye watering amount of money. My emotions were mixed on seeing this person; on one hand I was glad to see another protester to fight the good cause. On the other hand, my heart sank in the knowledge that if Mark isn’t paying off his old friends in the bitcoin community then what chance do small fry like me have? As the emissary and I chatted, Mark Karpeles arrived, and we both confronted him, the conversation went on for some time and most of it conducted in French which I had trouble understanding. However I did mange to record the whole thing on video. The episode only came to a halt when Gonzague appeared in the lobby and rescued Mark. Very soon after this point, MtGox released a statement announcing that all BTC withdrawals were suspended. In conclusion, I think just witnessed MtGox die today. I didn’t get my bitcoin, but glad I came and tried.
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Feb 7, 2014 14:47
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if they're gonna cargo cult everything else, why not cargo cult bankers hours?
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Feb 7, 2014 14:47
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UberJumper posted:My friend has been trying to get the BTC sitting on Mt Gox that he initially dumped to their site with the idea that it would easy to withdraw. He requested a withdrawal a month ago and apparently his wallet on gox is empty, but he didn't receive anything. Mt Gox support is borderline worse than Virtex. never stop posting these
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Feb 7, 2014 14:56
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TVarmy posted:They submitted an app that only monitored transactions and couldn't send Bitcoin. Then after it was approved, they updated it to send Bitcoin against the tos. They submitted one app, and updated it to a different one. pretty quick way to get your app removed
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Feb 7, 2014 15:03
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TVarmy posted:Bitcoin days destroyed went up to an all time high yesterday, showing that old Bitcoins have been moving around after sitting stagnant in wallets. finally a legit use for that dumb statistic
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Feb 7, 2014 15:06
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Shifty Pony posted:pretty quick way to get your app removed well you see this is apples fault because
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Feb 7, 2014 15:12
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Happy Noodle Boy posted:well you see this is apples fault because they timed the app removal in lockstep with the gox freeze because  banksters are coordinating an attack on bitcoins
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Feb 7, 2014 15:26
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i wonder how many people bitcoiners believe are just as insane as they are. given that they think they can drive apple out of business with a boycott they must seriously think half the country is culting bitcoins as much as they are. wasnt the estimate that at most 1 million people had coins, but the number of active coiners is much much lower?
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Feb 7, 2014 15:30
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channel flipping last night, saw someone on cnbc talkin bout bitcoin. i guess step 2 of the plan is to now convince grandma and grandpa about this hot new digital currency that's UP, UP, UP!
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Feb 7, 2014 15:34
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you don't get it, the mass adoption of bitcoins is inevitable so everyone will be using them soon and the dollar will collapse
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Feb 7, 2014 15:35
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thank god this thread is backTVarmy posted:Maybe Gox's technical issues meant they got hacked or are getting ready to cut and run. malice v. incompetence they probably have their butts squirreled away in a bunch of separate lock boxes all over the place in 2 of 3 keys to keep them from getting stolen, because gently caress having to deal with securing butts then again they are probably dragging their feet because responsive withdrawals would just put more gas on the bank run fire remember these are the people who will go in suspended trading mode in a crash, despite that in a regulated market that call is done by the sec
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Feb 7, 2014 15:38
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surebet posted:remember these are the people who will go in suspended trading mode in a crash, despite that in a regulated market that call is done by the sec youre forgetting the most important libertarian tenent: "if the government does it, its evil and malicious. if a private company does it, its in the best interest of society"
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Feb 7, 2014 15:39
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i think the most likely thing to have happened is gox discovered their books weren't balancing out due to terrible software / hacking and they are replaying their transaction log to see what went wrong. the fact that they stopped the whole thing means that they were off by a very big number and it is growing
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Feb 7, 2014 15:44
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Feb 7, 2014 15:47
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this is actually pretty cool and would make a great office Christmas gift exchange present
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Feb 7, 2014 15:56
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prefect posted:i guess by "stable", i mean it ceases to be a ponzi scheme im pretty sure that should, by definition, be impossible to be a ponzi scheme you need to promise returns you can't possibly actually deliver except by sending back cash from new investors, there's not really a way to break the cycle
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Feb 7, 2014 16:34
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theflyingorc posted:im pretty sure that should, by definition, be impossible obviously you don't understand the new bitcoinomy 
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Feb 7, 2014 16:47
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how long until /r/bitcoins puts up the suicide hotline # banner again? and how long redditors start asking for seppuku from mtgox?
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Feb 7, 2014 16:48
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i tweeted about the mtgox thing and noted lunatic @aantonop replied to me he's even stupider in person and retreats right into religious faith in the protocol
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Feb 7, 2014 16:51
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LOTS of negativity and DOOM built into bit coin's price again. (self.Bitcoin) submitted 59 minutes ago by Libertymark russia apple gox etc and NONE of those things matter the spark of anarchy and central bank independence has begun I am excited.....very that you are all here the very fact they continue to attack PROVES the value. they are SCARED that tech like this will infringe on their little sandbox. well guess what, its OUR SANDBOX we are HUMAN BEINGS god dammit, not SLAVES
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Feb 7, 2014 16:52
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is gox still in freefall e: apparently not
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Feb 7, 2014 16:53
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...! posted:This is too long for even me to cut/paste but it's good reading: Lol, Roger is absolutely radiant with joy after MT Gox CEO's showed him those "bank statements". Roger, did Mt Gox employees use lube and how many dicks did you take at 1 time on your visit, 2 or 3? Were the Mt Gox banking team hard at work stretching out your Anus on your recent visit to the Mt Gox headquarters in Tokyo, Japan? I bet you love being the fucktoy of all those wealthy Japanese businessmen, and delightfully lapping up their bucketloads of semen as they send you on your way with a flashdrive of other customers' bitcoins plugging up your leaking rear end in a top hat.
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Feb 7, 2014 16:54
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Feb 7, 2014 16:54
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japan is weird
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Feb 7, 2014 17:01
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double sulk posted:is gox still in freefall BTC-E and bitstamp are both falling pretty consistently right now. Butts are gonna be sub-$700 by the end of the day
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Feb 7, 2014 17:01
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Robawesome posted:BTC-E and bitstamp are both falling pretty consistently right now. Butts are gonna be sub-$700 by the end of the day nice
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Feb 7, 2014 17:03
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double sulk posted:nice time to buy buy buy
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Feb 7, 2014 17:04
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Is there a way to e-mail my feelings about Apple's decision to remove the Bitcoin app to Apple? (self.Bitcoin) submitted 35 minutes ago by donniesf I'm quite distressed about it. And I've spent a great deal of time searching for an easy contact e-mail address. They can work people to death in sweatshops, totally corner the market with shady tactics against their competitors, but don't mess with my bitcoin... [–]tomuchfun 2 points 24 minutes ago I own an iphone, this is how I will voice my opinion, I will never buy another iPhone from apple again, if a want one ill hop on craigslist, buy one, then gently caress the headphone jack up and take it in on warranty to get a new one, but honestly I'll probably be switching to team android over this. And its not just because of the blockchain app, its their lack of any and all crypto apps, I'm waiting for the day my ticker is no longer available. [–]donniesf[S] 1 point 22 minutes ago yeah, i'm seriously disgruntled right now. that is seriously concerning that they are trying to cut the heads off of innovating new ideas that can revolutionize the world because they think they can get a little profit out of it. [–]tomuchfun 1 point 13 minutes ago I only see them losing profit. Apple has some serious problems without Jobs. When Jobs was with us everyone was quite all right with using their devices the way apple says they should, now everyone bitches but still uses the product because they have for 5 years(me included) it's going to suck the day I go to team android, but I loce watching that over priced apple stock tank. quote:Apple Inc.
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Feb 7, 2014 17:05
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law-enforcement agencies “will step up efforts to identify the potential recipients of Bitcoins in Russia.” (self.Bitcoin) submitted 6 minutes ago* by GdUDnThatAnthony There seems to be some confusion about the news out of Russia regarding Bitcoin. As usual, this is GOOD for bitcoin. I don't see why anyone thinks this is bad. Without Bitcoin, the Russian government will fail within a year. Soon anyone without bitcoins will die of starvation. http://rbth.ru/news/2014/02/07/russia_steps_up_crackdown_against_bitcoin_payments_33967.html
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Feb 7, 2014 17:07
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Robawesome posted:Soon anyone without bitcoins will die of starvation. this is something bitcoiners believe, want, and CELEBRATE; literally billions of people dying so they can feel special
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Feb 7, 2014 17:09
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