Quote from: notme on March 12, 2013, 02:35:17 AM

Quote from: the joint on March 12, 2013, 02:34:01 AM

Quote from: John (John K.) on March 12, 2013, 02:25:43 AM

Quote from: ineededausername on March 12, 2013, 02:24:16 AM

I was panicking a few minutes ago but asked around. The issue will be over in a few hours, and any crash will be momentary. Only 11 blocks or so were affected and it'll all be over very quickly. By tomorrow morning, we are back to business as usual.

Maybe we see a temporary dip, but that'll resolve eventually, because this issue is not really a big deal except for now. We don't see many hard forks and I'm sure the devs will be much more cautious in the future after this has happened.

This. Seriously, I'm just kicking myself for not having any standby cash in MTGOX.

I'm kicking myself for not having funds in BTC-e!

By the way, I see this as a huge, enormous, unbelievably fucking huge deal. This is completely different from a scam or a hack, this is an "accident" that just froze the whole fucking economy.

To demonstrate why this is a huge fucking deal, consider yourself in two scenarios:

1) You are a Bitcoin "Big Dog" holding onto >10,000 BTC and you see, "URGENT: Chain fork" on your client. When the network reorganizes itself, how do you respond?

2) You are a wealthy investor and trader. You've heard about this Bitcoin thing and are amazed at its performance over the past few years, and you've become excited upon hearing that soon, exchanges such as CoinLab will allow you to purchase BTC in very large chunks and store them securely (i.e. safe from hacks/theft, etc.). But, after hearing about the recent Bitcoin fork, how confident would you be in the safety of your future investment?

Bitcoin will still have far less downtime than fiat banks.

It's not just downtime. It's a clusterfuck due to all transactions that will inevitably be reversed. I guarantee you a bunch of people lose a lot of money from this.

Fortunately for me, I was able to sell some LTC at .0115 BTC Cheesy