Mt. Gox 'throttles' trading to tame bitcoin price swings | Page 3 | TigerDroppings.com
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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings

quote:

I truly believe they are, but when an exchange holds almost 80% of the current trade volume, and smaller exchanges are closing left and right, it's hardly a "free market" when the only other game in town is even more unproven and untrustworthy.


That 80% stat is from 2011. I don't think it's true anymore, however, I will grant you that MtGox probably does still maintain a majority of exchange volume.

That being said, you can take this to the bank: The next 2 years are going to see an explosion of bitcoin exchanges open up. And that's because the free market is responding to the shitty service that MtGox provides.



LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
So you think the NYSE slowing or stopping trading resulting from an obvious computer malfunction or human error is exactly the same thing as MtGox slowing or stopping trading simply because they don't like or agree with the valid orders their customers are submitting?

And wiki is so stupid he doesn't undertand the difference either......

ETA: And there is NOTHING in the link you provided which says the NYSE has adopted any rules utilizing the technology described in the article to track large, high frequency trading imbalances. It only says the technology is becoming possible. You double fail.
This post was edited on 4/22 at 6:59 pm


gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:


Message
Posted by LSURussian
(No message)





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LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

you can take this to the bank

But you think all banks are crooks so what are you saying here?


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
25052 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

That being said, you can take this to the bank: The next 2 years are going to see an explosion of bitcoin exchanges open up. And that's because the free market is responding to the shitty service that MtGox provides.


The MtGox overlords will not let this happen, it's pretty obvious they can manipulate the price at will.


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gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:


quote:

you can take this to the bank


But you think all banks are crooks so what are you saying here?





quote:

Figurative: "What was said is the absolute truth and can be verified by a third party source." Comes from an obscure reference to cheques (or checks, if you're American), in that such is a guarantee that you can take the document to the bank and redeem it for its face value.

Note the pronoun 'it' can be varied accordingly.
"Mount Everest is the tallest geographical point on this planet, and you can take that to the bank."


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Figurative: "What was said is the absolute truth and can be verified by a third party source." Comes from an obscure reference to cheques (or checks, if you're American), in that such is a guarantee that you can take the document to the bank and redeem it for its face value.

Note the pronoun 'it' can be varied accordingly.
"Mount Everest is the tallest geographical point on this planet, and you can take that to the bank."


Now the question remains: Do you think LSURussian is so stupid that he didn't know that was a figure of speech? Or do you think he was intentionally being a douche bag?


gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Now the question remains: Do you think LSURussian is so stupid that he didn't know that was a figure of speech? Or do you think he was intentionally being a douche bag?


(No message)


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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
25052 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

quote:
Figurative: "What was said is the absolute truth and can be verified by a third party source." Comes from an obscure reference to cheques (or checks, if you're American), in that such is a guarantee that you can take the document to the bank and redeem it for its face value.

Note the pronoun 'it' can be varied accordingly.
"Mount Everest is the tallest geographical point on this planet, and you can take that to the bank."



Your retorts just don't have the usual sting lately


gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Your retorts just don't have the usual sting lately


Wow, that stings



















(Better?)


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
25052 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Wow, that stings



















(Better?)



Really wasn't meant to sting, more to express concern


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
You're getting weaker.


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gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Really wasn't meant to sting, more to express concern


Which of my retorts stung you? I didn't know cold-hearted status-quo-propping statists could get stung easily.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Vols&Shaft83


You can buy a brand new Ford with bitcoins!

http://www.spford.com/

Want to buy a new Ford with BTC? We're finally ready!


gizmoflak
Georgetown Fan
Member since May 2007
9280 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Ford


Here come the car snobs!




.... wait for it ....


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Here come the car snobs!




.... wait for it ....





ok, well then maybe they prefer Jeep, Dodge, Ram, or Chrysler
This post was edited on 4/22 at 8:43 pm


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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
25052 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

You can buy a brand new Ford with bitcoins!

LINK /

Want to buy a new Ford with BTC? We're finally ready!





Lol, you fell for that troll?


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

Vols&Shaft83


btw, FreeOnes also announced today that they are accepting bitcoins.

it seems like more and more businesses are accepting them all the time. Why do you think that is?


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

FreeOnes
google shows that to be a porn site. And you're proud of that???


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
25052 posts

re: Mt. Gox 'throttles' trading to tame bitcoin price swings
quote:

FreeOnes also announced today that they are accepting bitcoins.

it seems like more and more businesses are accepting them all the time. Why do you think that is?



Why would an internet porn website (freeones) accept bitcoins as payment? Possibly to attract more traffic to their free porn site? Come on Wiki.


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