LOL!

The perfect team for a company trying to compete with bitcoin by pushing a "open" "distributed" "secure" payment system which is actually pretty much completly centralized in their own hands and basically works by playing hot potatoe with debt instead of money and requires each user to buy some of the 100 billion coins they (in an effort to save electricity and to "diversify the distribution methods") created out of thin air and then mostly (just 80 billion) gifted to themself.

But don't worry, forcing you to buy them is just an anti-spam mechanism! Also premining everything is more effective than normal mining () and since ripple is a company you can trust there's no need for satoshis holy grail, so ripples "method of confirmation, called consensus, doesn’t need mining" at all and as a result the network "requires comparatively negligible computing power" (nice!).

There's also no need to worry about the fact that they are in control of almost the whole (imaginary) monetary supply. They know that creating and "distributing value is a powerful way to incentivize certain behaviors" so they will use the your money to manipulate the market and to lure in more people, so they can sell them the rest (71,010,747,718) of the 80 billion useless coins for even higher prices.


https://www.ripplelabs.com/xrp-distribution/
http://web.archive.org/web/20140208000504/http://ripplescam.org/


I do what I must, because, I can.
For the good of all of us. Except the ones who were tricked.
And the science was fun, and I got a neat post done,
For the people who are, still alive.

I only take one risk, so you'll have to send first.
If you're still interested send me a PM

4

Thank you for the fast reply!

If you allow me to make a suggestion:
I think some sort of scannable pairing / extra account key would be a pretty nice solution.
It's alot more comfortable than typing some long password on each login, especially if you use something like KeePass.

/Edit: Oops, I just realized my username here doesn't match the one I used in the mail 

I really like the android app but I enabled the password protection for my account and now it tells me:
"Unable to connect. Please check your internet connection."

If I create a new account it works but as soon as I try to import my account key I get this error again.
I guess the android app does not support a password... You should mention that somewhere.

How can I disable it?
I really like my account and I don't want to loose it   

lol

DDOSing...


scriptkiddies

Good point.
You're right, during the march bubble the traffic was alot higher and they should be able to handle it by now...
On the other hand it's gox and they never handled anything like they should.

I don't know, it was just a theory and it makes more sense (to me) than a hack or mark switching off the exchange because someone dumped a few hundred coins.

/€dit: According to bitcoinwisdom the dump was 8000 BTC (screen shot).

No.
Dumping 200k BTC = one API call.
Clearing the book, placing new orders and moving alot of orders in HFT style = ALOT of API calls.
And since you don't want other people to place orders while you're doing this, you have to be fast, really fast.
The http API is slightly faster in accepting orders, so I guess it fired a huge batch of orders in like a second, causing a DDOS of the gox webserver.

Maybe the DDOS wasn't an accident at all since it prevents "normal" traders from using the web interface.

Stop spreading FUD.

There was no hack or some other strange thing, it was just a huge market maker bot burning some money to clear and reshape his range of the orderbook:


This caused a spike in traffic and maybe killed the http API.
The websocket API was working all the time (60s lag though).

Very interesting.

I fucking love this superexponential market and it's hourly gains.

VOLLE PULLE! 

0.3125 @ 400.0 --> 0.1389 @ 900.0
same bidsum, different position

I think this is what you're referring to: http://www.youtube.com/watch?v=T1X6qQt9ONg
They used the account to clear the whole orderbook.

/Edit: I still think Gox tried to cover up the real reason for this. It just makes no sense to give auditors 500k bitcoin and allow them to trade them on the live system. Whatever...

http://en.wikipedia.org/wiki/Silver_Thursday

It's one of my biggest fears I have because it could work with bitcoin given the limited and well known supply.

Smells like beartrap...
Orderbook looked pretty legit


Do it again on a weekday when second market is working and I might be impressed.

A little tip: You should really stop rating things in your live by quantity.
It doesn't matter how much you have of something, it only matters what you can do with it and if you'd be such a pro you would know that placing huge bids at stupid prices actually pull the market in their direction.

"You are not your job, you're not how much money you have in the bank. You are not the car you drive. You're not the contents of your wallet. You are not special. You're not a beautiful and unique snowflake. You're the same decaying organic matter as everything else. We're all part of the same compost heap. We're all singing, all dancing crap of the world."

"“The things you used to own, now they own you.”
― Chuck Palahniuk, Fight Club

*bump*
note: shares are not on bitfunder

The most mindblowing fact:
They have "only" 90 Investors according to Bloomberg

There is still so much room for growth 

It's time to kick whale-asses and chew bubble gum...