$14.57, refresh, $16.

17.23

edit: crashing right now. 16.1 again...
edit 2: 15.5 - sky is falling

I wouldnt worry. From what ive seen an 11% drop is pretty standard for bitcoin.

If it drops more alot though, i can see a panic sell happening.

You should probably just use mybitcoin.com. The only reason to download the client is if you don't trust any of the online wallets. If you're going to have your money loaded on mtgox anyway then theres no reason to have a client.

Downloaded it now anyways, but agree with you.

lol'd very hard. "Success" is not taking over the world. To anyone who was involved in bitcoin in 2010, the fact there are 20,000 nodes, difficulty at 500k, hundreds of merchants accepting it and lots of exchange and otc trading means it ALREADY is a massive success.

And wow at a weekend rally like this. usually weekends are weak with no fresh money from bank transfers...Monday/Tuesday should be fun.

The poker site takes an absurd amount of rake, wtf.

We do take rake. Below you can find our rake structure.

We do not charge rake if the hand ends on the first betting round - before the flop.

Heads-Up: we collect 1% rake with x5 BB cap and 0.5 BTC absolute cap.

Round: we collect 1% rake with x10 BB cap and 1 BTC absolute cap.

So for .01/.02, max rake is .20. That's if there is a 20 BTC pot.

1 BTC absolute cap made more sense when they were $5 each.

Even then it was too high. Should take .1 BTC or even .05 BTC max.

It balances out some by being 1% instead of 5%. Obviously a bigger deal at higher stakes. But those games never even run.

I think the rake was added when BTC was around $3-5, and it makes sense then.

You need to play at the 5/10 table just to even have a table capable of reaching the cap. And even then, you need a 100 BTC pot (max buyin at those tables is 10BTC).

So they take a rake each hand AND take a rake per round?

Also, absolute cap of 1 BTC is ridiculous.

No, Round means non-HU tables. The guy who made this is not a native english speaker nor a poker player.

1% rake max 10 BB really isn't that bad. I'd much rather play that then 5%. Oh noes, 10 BB if there is a 1000 BB pot. People getting so hung up on the cap without realizing it's virtually impossible to hit that kind of cap.

Just to give some perspective, the biggest game now is .5/1 bitcent. ($.085/.17). The max rake on that table is $1.70. That only happens if you hit a $170 pot (GL with that with $17 buyin).

To get to 1BTC rake, you need a 100 BTC ($1700) pot. You also need a BB >= .10BTC (10 chips) (I don't think I've ever seen this game run recently or anything close).

Having higher stakes player pay the same rake structure as microstakes is very reasonable, and even then, there is a break.

And I'm sure with the rise, if any significant action happened, just tell hippich and he'll lower it. I doubt a single hand has had a rake of over $2 in the history of the site.

I'm watching a table on betco.in, it's 0.5/1, is that 0.5BC/1BC? Because that's quite a big game

No, it's in bitcents. So it's .005BTC/.01BTC ($.085/.17)

I lost 1 BTC (a friend gave me) in that game. I didnt really play before 2007, so this is what I assume PartyPoker was back in 2005.

This is much tougher than Party 2005 and worse software.

I dont think I can ever imagine what Party was like back then.

if anyone is interested, here is a short autohotkey script that displays the current mt.gox btc/usd rate and updates every 20 seconds.

And what do I do with that code to make it work? Sorry if very noobish question

download / install autohotkey from autohotkey.com

right click in an empty folder, new -> AutoHotkey script. name it whatever you like
right click on the script file, edit. copy/paste in the code. save.
double click to run

the price of these things is rising scary fast.. maybe im an idiot but im very tempted to buy some.. anybody wanna tell me why i shouldnt?

It just doubled in value in like 3 days.

this is correct chart right: https://mtgox.com/trade/megaChart

it almost seems too good to be true


do people on here own a bunch of bitcoins? how long u planning to hold?

i havent read thru much of the thread but im going to. maybe answer is already there but is there any way gov could stop these things? it seems they could easily pass a law which would make their price drop..

its far more likely the price crashes without the government getting involved

when the gov does get involved, its more likely they will just give bitcoin more press or target a few users or mtgox or andressen than actually be able to stop it.

even if the us gov somehow shut it down there are other countries in the world

there are also lots of other ways to lose bitcoins without the value crashing or the allpowerfulgubmintCRACKDOWN
you could accidentally send them to the wrong address.
you could have them on a USB drive or computer which crashes.
mtgox or dwolla or whomever could get shut down or run away with the $
someone could hack your account and send them to themself

btc is still very much in a beta stage, so be careful

i was wondering about this. security seems to be a big issue. im guessing they dont use rsa tokens or anything atm?

bitcoins are now more googled than phil ivey: http://www.google.com/trends?q=bitcoins%2C+phil+ivey