Yes, yes. We have all heard it before a hundred times. "THIS TIME IT WILL CRASH FOR GOOD!"

Yet, you idiots keep getting proven wrong again and again. Bitcoin comes back stronger after each correction, and this does not look to be any different.

While the price may have gone up (mainly due to hoarding without anyone actually using their coins, and leaving those like housenuts to carry the bag in eventual collapse), the technological advancements, such as ease to use, that everyone keeps promising will happen could not be farther from the truth.

Infrastructure takes time. Growth in infrastructure will increase exponentially as we get closer to mainstream.

Look how far we have come since 1,2,3 years ago. If you are not impressed, please elaborate why.

Obviously the circus with exchanges right now is embarrassing, but the community will adapt and improve. As it has after each "crash".

No, there has been basically no progress, and any gains bitcoin makes at this point will not be anywhere close to exponential gains.

The banking industry continues to make things better day after day.

The bitcoin industry continues to fall farther behind the banking industry day after day.

What's going on with Bitcoin right now is the equivalent of what happened to Tesla when everyone overreacted about the couple Model S' on fire.

Time to get in on BTC. To the moon!

I dont even..

hahahahaha I missed this

does anybody consider trying to buy coins @mtgox and hope for the best (similar to ftp)

current price $360 @ mtgox

https://www.bitstamp.net/article/bit...ocessing-soon/

Why do you want it to drop?

Gox @ $329

He wants to buy more most likely.

If you want an average price with MtJopke filtered out, I like this one...

https://bitcoinaverage.com/markets.htm#USD-nomillibit

this. i'm buying more at the end of the month when my financial situation is better.

I find it really hard to believe the silk road 2 guy(s) would be dumb enough to keep 100% of their coins in hot storage. Then again I am constantly amazed at how inept plenty of these site operators are FTP, Mtgox, Silk Road 1. If they had come out and said that 20% of their coins were robbed I think it would be much more believable, but to not have any coins in cold storage when you're dealing with $2.7 million... either really dumb or straight up theft by the owners IMO.

Re: the transaction malleability bug - yawn. I'll check back in a month and bitcoin will be above $1k again.

1) It's not really a problem unless you assume things you shouldn't.

2) Changing it is not really possible in a huge number of cases.

3) When you do fix it, you end up breaking a lot of code anyway, such as Gox's signing, which is why we got into this mess.

You cannot just change consensus based systems like Bitcoin very quickly without it being uncomfortable for a huge number of people.

A better look at gox :

http://www.coindesk.com/watch-man-co...sing-bitcoins/

The video says it all. They've got no coins.

SR2 has to be a scam right? The only thing that makes it not seem like a scam is that its so obviously a scam that no one could think they could get away with it

Bad PR and complete incompetence doesn't mean insolvency. Roger Ver, who has some inside knowledge is buying off Gox now that it's so cheap.

I don't see anything that says they don't have coins. I do see that they are completely Goxed and may go out of business.

I would not waste my time using gox, they have not been a real exchange since last summer, it doesn't even matter what price bitcoins are trading for over there because they are operating as a ponzi scheme and money or btc sent there is thrown into the abyss

@shoe I feel confident in saying that these invisible fake coins has made me more fiat than anything you've ever done in your entire life :P

interesting. there are some people on bitcointalk willing to buy goxbtc at 70-75% for realbtc. gox'x 24 hr volume is 66k. that's really high for an exchange about to go out of business. I really don't know what to think about their future. true btc nerds aren't gonna use them. however, gox is the name new money is likely to know. they still seem to be the quoted exchange in a lot of articles. if they can survive this massive cluster****, they will likely be fine (until their next meltdown). it helps them that bitstamp also shut down withdrawals for a little while. bitstamp seems to be the most trusted exchange.

Why would he not answer when he kept asking do you have all the bitcoin?

Right now you could make 50% buying gox and selling stamp. Someone on the inside who could do manual transfers from gox would obviously be doing this. Your talking making millions instantly. I guess assuming someone doesn't have a ton of cash to work with, it would take a little while to do it considering you have to cashout of stamp and rinse and repeat. The crooks at GOX would most certainly be doing this. The only way they wouldn't is if they knew the coins they would be buying don't really exist.

They could have also easily sent the guys his coins. They could easily send anyone their coins manually.

Remember you can digitally sign stuff proving you own coins. Infact probably w a merkle tree or some such, you can provide a proof to every individual account holder. Maybe this will put pressure for other exchanges to prove they have separated funds.

Sent from my GT-I9500 using 2+2 Forums

This assumes coins are all kept in separate addresses for each customer. Otherwise, you just point to an address with 10,000 coins, and tell your customers that's what you have, and they have no idea if all customer deposits should add up to 10,000 or 50,000.