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Showing 20 of 39 results by Billy the Bit Miner
I looking to turn my BTC into USD. What site is easy, fast and user friendly??? How should i go about that?
There has to be better sites than mt. gox. Any helpful information about this would be appreciated.
There has to be better sites than mt. gox. Any helpful information about this would be appreciated.
Having 80% of he transactions volume is never a good thing. I hope some competition shows up pretty soon.
We need a decentralized exchange!
DECENTRALIZED EXCHANGE!
...and none of this would have happened.
Mt. Gox will never be fixed. It's a fundamental flaw in architecture.
We need a decentralized exchange!
...and none of this would have happened.
Mt. Gox will never be fixed. It's a fundamental flaw in architecture.
We need a decentralized exchange!
i agree its only fitting with this type of currency.
Isn't MtGox's official story was that the DDOS attacks are being perpetrated by traders trying to game the system by selling, then driving the price down due to the panic created as a result of the attacks, then buying again at an artificially low price before the currency recovers. Are you guys really suggesting that the world's reserve banks are trying to kill bitcoin?
I'm simply saying things like this happen. I'm going to make a comparison, you may not agree but here it is.
1. When Libya was attacked and Gadaffi was taken out of power, did you know there was a new currency based on gold called the African dinar he was trying to implement throughout Africa? This currency was going to be the exchange currency for all goods, services and resources in Africa. What happened? He was murdered and a massive pile of gold in Libya dissapeared (44 + tons)
2. Abraham Lincoln- Was trying to repeal the federal reserve act (assasinated)
3. J.F.K- Tried to repeal the federal reserve act (assasinated)
4. Before 9/11 afghanistan and iraq had no central bank, "now they do."
5. The only countries left in the world without central banks are, you guessed it (Iran and North Korea)
"they go after everything that's not centralized" (and, in no way am i saying the countries listed above are good, I'm just showing the correlation)
very true i could not agree more
Re: yes mt. gox is down but if you dont understand why...
You're just adding your speculation, which is just as uninformed as those "talking smack" about lag.
You can pretend it's ok for an exchange to have several minutes of lag under "normal" circumstances. I'll just call it incompetence, which after so many years is inexcusable.
You can pretend it's ok for an exchange to have several minutes of lag under "normal" circumstances. I'll just call it incompetence, which after so many years is inexcusable.
yes i agree it is not ok for the issues that the site is facing now, but i was talking about the people that don't understand why they are getting the lag and why the site went down. Many of them just ranting not knowing the state the site is in right now. I was not excusing the fact that there is problems with the site. BTW nothing in my original post regarding the information about Mt. Gox is speculation.
Re: yes mt. gox is down but if you dont understand why...
and just a fyi I made this post to explain what is happening to mt. gox right now for all those who were ranting about lag issues and the site being down, and no i don't work for them nor is this a promotion for using the site just a simple explanation of whats going on with the site right now.
I made this post for people that were going on rants about Mt. Gox lag issues and for those who did not know what is happening to the site right now that's all. plus no i don't work for them
Yes Mt. Gox is down, and there is an 80gps or more by now DDoS going on, on top of many many people trying to access the server and over 20k new registration per day. Here is the most recent comment from Mt. Gox via their twitter page to confirm this. "We are experiencing a stronger than usual DDoS. We are working in it". This is happening because of many reasons. There are some that don't want bit coin to succeed but it is out of their realm of control. There was a article today on CNN bad mouthing the site and bitcoin on main stream networks and the different traders people should use instead of Mt. Gox trying to shift major market control from mt. gox into who's hands...banksters maybe Huh??? You have to understand the hardware capabilities that Mt. Gox had at this time and even with the new upgrades this was not foreseen. They will need to implement new hardware. Plus new software that they will need to create themselves to ensure attacks like this can be stopped and enabling them to keep the site secure. It seems they plan to do this we will see. Regardless we all must stand behind bitcoin and the people that work to keep it going like Mt. Gox. We will not let the elitist tactics scare us away from our goals for bitcoin. We must keep mining and using the currency no matter what tactics are used against bitcoin.
Further more we will not trust in any currency like the us dollar that is clearly being manipulated and will eventually leave the entire country broke and in shambles when the world reserve currency changes...
Further more we will not trust in any currency like the us dollar that is clearly being manipulated and will eventually leave the entire country broke and in shambles when the world reserve currency changes...
Re: yes mt. gox is down but if you dont understand why...
little history lesson for the uninformed 
On August 6 2010, a major vulnerability in the bitcoin protocol was found. Transactions weren't properly verified before they were included in the transaction log or "blockchain" which allowed for users to bypass bitcoin's economic restrictions and create an indefinite amount of bitcoins.
On August 15 2010, the major vulnerability was exploited. Over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in bitcoin's history
In late-2011, the bitcoin price crashed from $30 to below $2 in what many would consider a "bubble". Some claimed the crash was due to a lower cost in producing bitcoins through cheaper computing power.
In march 2013 the bitcoin transaction log or "blockchain" temporarily forked into two independent logs with differing rules on how transactions could be accepted. The Mt.Gox bitcoin exchange briefly halted bitcoin deposits. Bitcoin prices briefly dipped by 23% to $37 as the event occurred before recovering to their previous level in the following hours, a price of approximately $48.
On August 6 2010, a major vulnerability in the bitcoin protocol was found. Transactions weren't properly verified before they were included in the transaction log or "blockchain" which allowed for users to bypass bitcoin's economic restrictions and create an indefinite amount of bitcoins.
On August 15 2010, the major vulnerability was exploited. Over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in bitcoin's history
In late-2011, the bitcoin price crashed from $30 to below $2 in what many would consider a "bubble". Some claimed the crash was due to a lower cost in producing bitcoins through cheaper computing power.
In march 2013 the bitcoin transaction log or "blockchain" temporarily forked into two independent logs with differing rules on how transactions could be accepted. The Mt.Gox bitcoin exchange briefly halted bitcoin deposits. Bitcoin prices briefly dipped by 23% to $37 as the event occurred before recovering to their previous level in the following hours, a price of approximately $48.
yes Mt. Gox is down but if you dont understand why...
Yes Mt. Gox is down, and there is an 80gps or more by now DDos going on, on top of many many people trying to access the server and over 20k new registration per day. Here is the most recent comment from Mt. Gox via their twitter page to confirm this. "We are experiencing a stronger than usual DDoS. We are working in it". This is happening because of many reasons. There are some that don't want bit coin to succeed but it is out of their realm of control. There was a article today on CNN bad mouthing the site and bitcoin on main stream networks and the different traders people should use instead of Mt. Gox trying to shift major market control from mt. gox into who's hands...banksters maybe 
You have to understand the hardware capabilities that Mt. Gox had at this time and even with the new upgrades this was not foreseen. They will need to implement new hardware. Plus new software that they will need to create themselves to ensure attacks like this can be stopped and enabling them to keep the site secure. It seems they plan to do this we will see. Regardless we all must stand behind bitcoin and the people that work to keep it going like mt.gox. We will not let the elitist tactics scare us away from our goals for bitcoin. We must keep mining and using the currency no matter what tactics are used against bitcoin.
Further more we will not trust in any currency like the us dollar that is clearly being manipulated and will eventually leave the entire country broke and in shambles when the world reserve currency changes...
You have to understand the hardware capabilities that Mt. Gox had at this time and even with the new upgrades this was not foreseen. They will need to implement new hardware. Plus new software that they will need to create themselves to ensure attacks like this can be stopped and enabling them to keep the site secure. It seems they plan to do this we will see. Regardless we all must stand behind bitcoin and the people that work to keep it going like mt.gox. We will not let the elitist tactics scare us away from our goals for bitcoin. We must keep mining and using the currency no matter what tactics are used against bitcoin. Further more we will not trust in any currency like the us dollar that is clearly being manipulated and will eventually leave the entire country broke and in shambles when the world reserve currency changes...
hey how about a meetup some where in the twin cities st.paul minneapolis area in minnesota. That would be cool to hang with some local miners if anyone has one planned please message me. 
if anyone has one planned please message me.