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Started By
Message
re: Daily Bitcoin Article
Posted on 2/24/14 at 3:56 pm to LSURussian
Posted on 2/24/14 at 3:56 pm to LSURussian
1
Posted on 2/24/14 at 3:58 pm to OnTheBrink
So what's his real name? I bet it's something cool. Like Martavius
Posted on 2/24/14 at 4:01 pm to Walking the Earth
quote:You misspelled my first name, fwiw.....
Piotr Ivanovich Kalishnikov
Posted on 2/24/14 at 4:03 pm to LSURussian
Damn it, I knew I should have cheated and hit Google first to get the correct spelling. 
Posted on 2/24/14 at 4:04 pm to Broke
quote:
So what's his real name?
Ha, that's the only part of his post I remember.
quote:
Like Martavius
Close, Orenthal Vladimir Jones.
Posted on 2/24/14 at 4:04 pm to LSURussian
It would take me half the day to even type that. I ain't googling that
Posted on 2/24/14 at 4:08 pm to Walking the Earth
Posted on 2/24/14 at 4:30 pm to LSURussian
You post my name, I'll post yours
Posted on 2/24/14 at 5:00 pm to joshnorris14
quote:Sweetie, you post your name every time you post.
You post my name, I'll post yours
Dumbass.
This post was edited on 2/24/14 at 7:18 pm
Posted on 2/24/14 at 6:50 pm to LSURussian
LINK
I think BitStamp is josh's favorite btc pricing exchange now (it's kinda difficult to keep up with the 'best' du jour.)
BTC is down 15% in just the last 24 hours. But look at the valley at around 7:30 on the chart along with the volume that caused that collapse.
It's at $514 right now and based on the buy/sell orders in place it will go below $500 shortly. The 30-day low is $512.50. Josh bought last week (he said) at $625. LINK
ETA: $506 is the new 30-day low. You can buy 3 bitcoins on eBay. Last bid was $11 for the three. Bidding ends in 5 hours. LINK
I think BitStamp is josh's favorite btc pricing exchange now (it's kinda difficult to keep up with the 'best' du jour.)
BTC is down 15% in just the last 24 hours. But look at the valley at around 7:30 on the chart along with the volume that caused that collapse.
It's at $514 right now and based on the buy/sell orders in place it will go below $500 shortly. The 30-day low is $512.50. Josh bought last week (he said) at $625. LINK
ETA: $506 is the new 30-day low. You can buy 3 bitcoins on eBay. Last bid was $11 for the three. Bidding ends in 5 hours. LINK
This post was edited on 2/24/14 at 7:00 pm
Posted on 2/24/14 at 9:19 pm to LSURussian
Into the $480s. Great buying opportunity...
Posted on 2/24/14 at 9:26 pm to C
The buy/sell book looks like support is between $450-$470 tonight.
This post was edited on 2/24/14 at 9:28 pm
Posted on 2/24/14 at 9:26 pm to C
Original title of blog entry was "Joint statement regarding Mtgox insolvency".
Massive sell-offs occurred.
LINK
Massive sell-offs occurred.
quote:
Joint Statement Regarding MtGox
Feb 24th, 2014
The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox.
This tragic violation of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.
We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the Internet age.
In order to re-establish the trust squandered by the failings of Mt. Gox, responsible bitcoin exchanges are working together and are committed to the future of bitcoin and the security of all customer funds. As part of the effort to re-assure customers, the following services will be coordinating efforts over the coming days to publicly reassure customers and the general public that all funds continue to be held in a safe and secure manner: Coinbase, Kraken, BitStamp, Circle, and BTC China.
We strongly believe in transparent, thoughtful, and comprehensive consumer protection measures. We pledge to lead the way.
Bitcoin operators, whether they be exchanges, wallet services or payment providers, play a critical custodial role over the bitcoin they hold as assets for their customers. Acting as a custodian should require a high-bar, including appropriate security safeguards that are independently audited and tested on a regular basis, adequate balance sheets and reserves as commercial entities, transparent and accountable customer disclosures, and clear policies to not use customer assets for proprietary trading or for margin loans in leveraged trading.
The following industry leaders stand by this statement:
Fred Ehrsam — Co-founder of Coinbase
Jesse Powell — CEO of Kraken
Nejc Kodric — CEO of Bitstamp.net
Bobby Lee — CEO of BTC China
Nicolas Cary — CEO of Blockchain.info
Jeremy Allaire — CEO of Circle
LINK
Posted on 2/24/14 at 9:30 pm to brucevilanch
That statement reads like a "vote of confidence" statement an Athletic Director gives a head coach the week before he fires the head coach.
Posted on 2/24/14 at 9:37 pm to LSURussian
I thought it was a good read. Pretty much what one would expect at this point. Throw Gox under the bus...everyone is committed toward a better brighter tomorrow. Free Hot dogs!
This post was edited on 2/24/14 at 9:38 pm
Posted on 2/24/14 at 9:43 pm to brucevilanch
Btc on BTC-e is trading at about $35 higher than on Bitstamp. Any ideas why?
Posted on 2/24/14 at 9:49 pm to LSURussian
Nah, who knows, it always varies across the board. It could be that BTC-e offers more coins for trade. If those same additional coins were traded on bitstamp, people would transfer them from BTC-e to Bitstamp and buy up BTC. Then, transfer that back to BTC-e and sell for a pretty good profit.
It really does only take 20 minutes to do all of that.
It really does only take 20 minutes to do all of that.
This post was edited on 2/24/14 at 9:50 pm
Posted on 2/24/14 at 9:49 pm to LSURussian
It looks like Mt. Gox's website and Twitter feed have been wiped clean.
Posted on 2/24/14 at 9:50 pm to Anfield Road
Yeah, happened yesterday.
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