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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25923 No.25923 [Reply] [Original]

I'm relatively new to the bitcoin business, so excuse me if I'm asking stupid questions here.

That being said, what the FUCK is going on with mtgox? Why is it on $335/BTC while bitstamp is on $645/BTC? I get that bitcoin prices fluctuate between exchanges, but a $300 difference is absurd.

Also, I've been trying to buy from mtgox for over a day now (through happycoins.com) and it keeps telling me that demand is exceeding resources, why doesn't the price go up then?

Does this have something to do with that silkroad hack?

>> No.25937

I think MtGox froze everythinge while they try to get their shit together.

>> No.25946

Bitcoin has a massive security flaw that allows transactions to be intercepted, duped and scammed. People are pulling all their money out while hackers run rampant stealing the bitcoins. Whole market is collapsing.

http://spectrum.ieee.org/tech-talk/computing/networks/what-you-need-to-know-about-mt-gox-and-the-bitcoin-software-flaw

>> No.25950

>>25946
Don't listen to this mega-jew. Bitcoin is fine, gox has problems and happycoins is lying to you

>> No.25960

>>25946
>>25950

So would this be a good time to start buying bitcoins?

Captcha: seen 1984

>> No.25968

>>25960
>time to start buying bitcoins?

you got to speculate to accumulate

>> No.25973

>>25950
>Bitcoin developers announced that the flaw Mt. Gox outlined does indeed exist. It's called transaction malleability, and according to Bitcoin developers, it does need to be fixed.

>> No.25987

>>25946
This guy is shilling on /pol/.

I'd take this with a micron of salt.

>> No.25995

>>25987
It's the facts from the article, confirmed by MtGox and by the bitcoin developer himself. Read the article.

>> No.26020

>>25995

From what I read in the article, the developers only seem to be mildly worried about the flaw, a kind of "Yea, it's a problem, but we'll fix it, no worries" attitude.

>> No.26026

>>25960
The flaw is not with the bitcoin protocol, the flaw is with the method of checking transactions used by the bitcoin client software that is used commonly by exchanges.

so buy now while the FUD is flying

>> No.26063

>>25987
>shilling

You do realize that the very use of that world makes any statement out of your mouth comes across as the ratings of a loon, right?

>> No.27820

>>25987
>shilling
IT'S FUNNY BECAUSE A SHILLING IS ALSO A COIN

>> No.27854

>>25923
Jesus Christ OP, what the fuck are you doing? If you send money to Mt. Gox, it will be stolen. They are insolvent and on the verge of bankruptcy.

>> No.27867

MT GOX ATE COX

I hope everyone gets their BTC and Fiat back.

>> No.27936

>tfw 100 shitcoins locked up mt. goy
excuse me while i kill myself

>> No.28199

>>26026
This.

I've been deep in BTC for two years now, and this atmosphere is just like when the blockchain forked last march.

Buy now or miss the train to $10k

>> No.28214
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28214

>>27936

this nigga gonna post about his 100 coins in gox every single day

just kiddin' I'd be salty as fuck about it too, I mean who wouldn't

>> No.28309

so id like to mine some bitcoins but i also use this rig for vidya gaming
i cant really "safely" mine bitcoins right? that shit is going to fuck with my GPU?

>> No.28317

>>28214
i'm just praying mt goy doesn't completely go belly up.

should have transferred my shitcoins out when i had a chance, it was obvious that mt. goy was up to some shady for the longest time.

>> No.28369

>>28309
It's not about it fucking your GPU. It's about the fact that if your GPU isn't up to snuff you will be paying more for the electricity to operate it than you will be reaping in bitcoin profit.

>> No.28385

>>28369
A 760 is alright isnt it? I dont pay the electric bill (as per my rent agreement, im an apartment dweller) so i guess im alright there

>> No.28432

>>28385
dedicated hardware is so much faster than GPU or CPU mining that it just plain isn't worth your time. I'd be surprised if you were able to make a dollar a month with a 760 running full-time. You missed the gravy train, deal with it.

>> No.28458

>>28385
Your landlord will wonder why your electricity usage has jumped 300% long before you make your first dollar.

>> No.29903

>>25950
>ieee.org
>mega-jew
Sure.