tag:blogger.com,1999:blog-3758330678390419129.post5814964479907905876..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Did the Government Force Mt. Gox Into a Bit of a Ponzi Scheme-Type Dancing?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-56901343472767963662014-02-12T17:59:35.685-05:002014-02-12T17:59:35.685-05:00This gives govt., the media, those that want to ei...This gives govt., the media, those that want to either block or Co-opt any of this, a perfect opening; as they will call it unfit for consumers, and 'they' of course must step in and regulate it all. <br />Cryptocurrencies may survive, but Mr. Wenzel is very correct that they will in no way, shape nor form be left to their own devices. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34073244605249840782014-02-12T09:20:44.241-05:002014-02-12T09:20:44.241-05:00John Mack Whines About How Badly Wall Street CEOs ...John Mack Whines About How Badly Wall Street CEOs are Treated<br /><br />The CNBC story flags the inflammatory portion, which starts at 5:23:<br /><br />He [Mack] said he would love to see people “stop beating up on Lloyd and Jamie.” He added: “I think that would make a lot of sense, and I’m in favor of that.”<br /><br />The worst is that Mack and other members of his class (elite financiers and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60301882481803270182014-02-12T09:15:42.856-05:002014-02-12T09:15:42.856-05:00Robert, you said, "If Mt. Gox didn't have...Robert, you said, "If Mt. Gox didn't have the $5 million on hand, then what it would have to do is slowdown cash flow payments to those driving new cash into Mt. Gox."<br /><br />There's another possibility: Hammering the price of BTC would let Gox cash out customers at a lower price, reducing the cash required for payout. <br />Consider that the BTC protocol flaw is real but Adamhttps://www.blogger.com/profile/00973885100689935280noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40200473718619868052014-02-12T06:41:59.573-05:002014-02-12T06:41:59.573-05:00BTC-e is also having issues, I'm not 100% posi...BTC-e is also having issues, I'm not 100% positive as to the reason, although it appears to fit this same issue that other exchanges are having. It's been over 72 hours and I still can't see my bitcoin withdrawl in the block chain. Support at BTC-e tells me to have patience, I suspect that after some interviews and BTC-e saying that it was just the other exchanges and thier lack of Anonymoushttps://www.blogger.com/profile/02450027757483673221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57377503164762859192014-02-12T02:40:13.634-05:002014-02-12T02:40:13.634-05:00Clarification: Trace is correct when he states:
...Clarification: Trace is correct when he states: <br /><br />"There is no issue with the Bitcoin protocol. This bug/feature of Bitcoin has been known and documented for years. Any problems are with how Mt. Gox and BitStamp interact with the protocol, likely with custom implementations."Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-18126288014640498852014-02-12T02:17:53.659-05:002014-02-12T02:17:53.659-05:00By the way, the best source for the latest news, g...By the way, the best source for the latest news, gossip and entertainment in "Bitcoin World" is the Reddit forum as it is hard to slip anything past the thousands of eyes that are constantly watching everything related to Bitcoin:<br /><br />http://reddit.com/r/bitcoinHoney Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-50789756341715331202014-02-12T02:13:58.703-05:002014-02-12T02:13:58.703-05:00Great analysis. Yes, many of us in the community h...Great analysis. Yes, many of us in the community have suspected the same thing and many people who've been around a while have abandoned MtGox long ago. The technical Bitcoin issue is real and should be patched soon but MtGox's internal operations are highly suspect.Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47033512786380764712014-02-11T22:03:12.605-05:002014-02-11T22:03:12.605-05:00There is no issue with the Bitcoin protocol. This ...There is no issue with the Bitcoin protocol. This bug/feature of Bitcoin has been known and documented for years. Any problems are with how Mt. Gox and BitStamp interact with the protocol, likely with custom implementations.<br /><br />Bitpay and Kraken are unaffected because their software is implemented to handle this feature/bug.<br /><br />http://www.reddit.com/r/Bitcoin/comments/1xn1ht/Trace Mayer, J.D.http://www.howtovanish.comnoreply@blogger.com