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Except that First Meta isn't a bitcoin exchange.
First Meta has been around a long time dealing with Linden Dollar, and some IMVU credits stuff, but nothing on Bitcoin.
Retarded journalism and retarded news cross-posting without fact check.
First Meta has been around a long time dealing with Linden Dollar, and some IMVU credits stuff, but nothing on Bitcoin.
Retarded journalism and retarded news cross-posting without fact check.
I'm not sure what definition of exchange you're using, but...
http://blog.firstmeta.com/author/veronica
Quote
Hey guys,
Ever wanted to sell your Bitcoins for US$ easily and quickly? Now you can do it at First Meta in just 3 simple steps and get your funds in your PayPal account within 24 hours! Simply
visit our Bitcoin converter
enter the amount of Bitcoin to convert and your PayPal e-mail address, and..
wait for the money to appear in your PayPal account!
Now you can go shopping on any PayPal-enabled merchant with your Bitcoins! Alternatively, how about buying some game currencies with your Bitcoins?
Ever wanted to sell your Bitcoins for US$ easily and quickly? Now you can do it at First Meta in just 3 simple steps and get your funds in your PayPal account within 24 hours! Simply
visit our Bitcoin converter
enter the amount of Bitcoin to convert and your PayPal e-mail address, and..
wait for the money to appear in your PayPal account!
Now you can go shopping on any PayPal-enabled merchant with your Bitcoins! Alternatively, how about buying some game currencies with your Bitcoins?
How hard for you to click on the link and see the actual Firstmeta website yourself?
Except that First Meta isn't a bitcoin exchange.
First Meta has been around a long time dealing with Linden Dollar, and some IMVU credits stuff, but nothing on Bitcoin.
Retarded journalism and retarded news cross-posting without fact check.
First Meta has been around a long time dealing with Linden Dollar, and some IMVU credits stuff, but nothing on Bitcoin.
Retarded journalism and retarded news cross-posting without fact check.
Re: Mark K "The coins are not lost, just temporarily unavailable" - chat log
Their cold wallet may have been attacked by http://en.wikipedia.org/wiki/CryptoLocker, or paper wallet storage ninja by the Yakuza.
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
People will use good gateway directly without the need to go through an obscured crypto-washed intermediary like Ripple.
The gateway is a part of all the Ripple system, and there isn't anything obscure in Ripple.I come to the conclusion that maybe if someone isn't able to understand Ripple, he isn't also aware to how Bitcoin works.
If you claim to understand Ripple, show us a real use case and not some hypothetical example to articulate the benefits.
Illustrate how you can send 1,000,000 Yen from Japan to someone in US at the best USD conversion rate that is cheaper and faster way than existing options out there today. Proof it.
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
Ripple IOU are the same as money on the Paypal account.
There are many people that uses Paypal all the day (making transactions), for weeks or months without withdraw their money on their bank account.
So the same will be with Ripple, with just some differences (from Paypal), no frozen accounts, no chargeback, no limits of transactions.
Every good gateway can become the new Paypal until there are people that trust him and his services.
There are many people that uses Paypal all the day (making transactions), for weeks or months without withdraw their money on their bank account.
So the same will be with Ripple, with just some differences (from Paypal), no frozen accounts, no chargeback, no limits of transactions.
Every good gateway can become the new Paypal until there are people that trust him and his services.
People will use good gateway directly without the need to go through an obscured crypto-washed intermediary like Ripple.
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
Instantly means in negligible time. The 10 to 30 minutes needed for BTC transactions is not 'negligible'. Put it in a real world application and imagine McDonald's accepted BTC. LOL...I used to get bent at the little old lady writing out checks....now I've got to wait on you and the superior BTC payment network.
As you've clearly changed the meaning of next to no time (instantly) to mean 10 to 30 minutes. By 'Ripple offers zero value in the payment system' do you mean it offers 10 to 30 times the value of the existing system?
As I said...it's impossible for zealots to grasp. When confronted with the shortcomings of BTC, they'll use every logic fallacy known....change definitions of words, set up straw men, ad hominem attacks, etc.
I didn't know that I could send you Litecoin and you get Bitcoin....let alone USD, EUR, etc. ...and no, you don't have to use the banking system to move money within the Ripple network either. For example, you can put cash in via ZipZap.
Learn the facts first, then feel free to distort them however you choose.
As you've clearly changed the meaning of next to no time (instantly) to mean 10 to 30 minutes. By 'Ripple offers zero value in the payment system' do you mean it offers 10 to 30 times the value of the existing system?
As I said...it's impossible for zealots to grasp. When confronted with the shortcomings of BTC, they'll use every logic fallacy known....change definitions of words, set up straw men, ad hominem attacks, etc.
I didn't know that I could send you Litecoin and you get Bitcoin....let alone USD, EUR, etc. ...and no, you don't have to use the banking system to move money within the Ripple network either. For example, you can put cash in via ZipZap.
Learn the facts first, then feel free to distort them however you choose.
Stop being dumb. Ripple doesn't enable instant payment either. Whatever your send via Ripple is useless until the recipient gets what he really wants.
If a vendor wants to receive 10 BTC for his product/service, getting an instant IOU in Ripple is pointless. He will still need to wait for 10 to 30 mins for that BTC from Ripple to come into his real wallet.
If a vendor wants to receive $10,000 for his product/service, and he is located in a small town in China, getting an instant IOU in Ripple is pointless. He will still need to wait for whatever amount of time needed for the money to be wired into his bank account.
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
Because using BTC.Bitstamp on Ripple you can trade over a dozen different currencies both fiat (e.g. CNY) and crypto (e.gg LTC). Using BTC.Bitstamp on Bitstamp internal, you can buy XRP at inflated prices or trade USD.Bitstamp, that's it.
Please send LTC using BTC (it would even theoretically possible!)...
With Ripple you can choose which part of the banking system (if at all) and which interface you want to use. You pay fees only for clearing balances - if you needed to pay banking transaction fees (or Bitcoin transaction fees for that matter) for every single trade on Bitstamp or MtGox, you'd not trade much any more.
Please send LTC using BTC (it would even theoretically possible!)...
With Ripple you can choose which part of the banking system (if at all) and which interface you want to use. You pay fees only for clearing balances - if you needed to pay banking transaction fees (or Bitcoin transaction fees for that matter) for every single trade on Bitstamp or MtGox, you'd not trade much any more.
I can move LTC to BTC just fine using any existing exchange, such as LTC to Btc-e, buy BTC, then transfer that BTC to the recipient.
Ripple isn't making things any easier for such process.
To be more seamless, some entities can even run an currency exchange and take say 5% fee, and provide n-ways conversion service.
There is no need for a "crypto-washed" solution in the equation, especially one that pre-mined 100 billion units of crap and attempt to inflate the value of the craps for their own greed.
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
In the end, Ripple is a currency agnostic payment and exchange network. It allows people to send any amount in any currency directly to anybody anywhere instantly. No other system, network, exchange or currency can offer a service close to this.
Cypto-coin and fiat zealots who are religiously devoted to their denomination are incapable of rising above their dogma to appreciate the need or value of a secular financial system like Ripple. Even if crypto-coin profit I mean .prophet .Satoshi Nakamoto, was revealed to be the Ben Bernanke, and he owned up to the million+ BTC that he pre-mined, BTC fundamentalists would remain unfazed. . They would simply spend the hour or so it would take to get 3 to 6 confirmations to create new denial mechanisms.
If a currency or payment system cannot be used to transact business instantly, it has no place in the future. BTC cannot be used as a point of sale protocol. It is too slow .plain and simple .end of conversation.
Much to the chagrin of the fundamentalists Bitcoiners, Ripple is the only present way to make BTC viable in the future.
Cypto-coin and fiat zealots who are religiously devoted to their denomination are incapable of rising above their dogma to appreciate the need or value of a secular financial system like Ripple. Even if crypto-coin profit I mean .prophet .Satoshi Nakamoto, was revealed to be the Ben Bernanke, and he owned up to the million+ BTC that he pre-mined, BTC fundamentalists would remain unfazed. . They would simply spend the hour or so it would take to get 3 to 6 confirmations to create new denial mechanisms.
If a currency or payment system cannot be used to transact business instantly, it has no place in the future. BTC cannot be used as a point of sale protocol. It is too slow .plain and simple .end of conversation.
Much to the chagrin of the fundamentalists Bitcoiners, Ripple is the only present way to make BTC viable in the future.
Nonsense. Ripple offers zero value in the payment system.
For cryptocurrency to cryptocurrency, we can already send any amount directly to anybody anywhere instantly.
For Fiat currency, even with the use of Ripple, you will still need to use the banking system to move the money to the end point. You can't magically move US$100K from one place to another. Someone will still need to absorb the banking fee for the transfer.
So why even create a complex system when it doesn't improve things at all?
Re: Ripple is not a scam - and you may be making yourself vulnerable to actual scams
Ripple is not a scam, it's just full of trading options which most of you obviously don't understand. Identifying Ripple network with one of this options is not a good representation of the real situation.
For example trust... All of you think that you have to trust someone in order to use Ripple, non-sense.
Bitstamp is exchange in Bitcoin world and is gateway in Ripple world. If you know how to use Bitstamp in Bitcoin world, you will know how to use Bitstamp gateway in Ripple world. I'm using Ripple for about 6 months and only trust line I have set is towards Bitstamp and I only set that trust line when I deposit BTC from Bitstamp gateway to Ripple. After I complete the deposit, I exchange BTC to XRP and I set trust line toward Bitstamp gateway to zero, so I don't trust anyone in Ripple and I'm trading all the time in the Ripple integrated order book. If you still after reading this say that it's needed to trust someone inside Ripple in order to trade, you have to learn basics about Ripple. Best way to learn is to try, don't base your opinion on theory.
Cheers
For example trust... All of you think that you have to trust someone in order to use Ripple, non-sense.
Bitstamp is exchange in Bitcoin world and is gateway in Ripple world. If you know how to use Bitstamp in Bitcoin world, you will know how to use Bitstamp gateway in Ripple world. I'm using Ripple for about 6 months and only trust line I have set is towards Bitstamp and I only set that trust line when I deposit BTC from Bitstamp gateway to Ripple. After I complete the deposit, I exchange BTC to XRP and I set trust line toward Bitstamp gateway to zero, so I don't trust anyone in Ripple and I'm trading all the time in the Ripple integrated order book. If you still after reading this say that it's needed to trust someone inside Ripple in order to trade, you have to learn basics about Ripple. Best way to learn is to try, don't base your opinion on theory.
Cheers
Why are you going through all this hassle when you can just use Bitstamp directly, without Ripple in the middle?
I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.
Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.
If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.
If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.
So simple...
Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.
If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.
If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.
So simple...
Did quick check of the respective orderbook on bitcoinity
Mtgox: $31.37m and 21.17k bitcoins
Bitstamp: $15.44m and 14.09k bitcoins
btcchina: $86m CNY (~$14.1m) and 15.85k
Quite clear that still lots of people have money on gox
However, agreed totally that we should use a reliable exchange as close to home as possible, instead of trading internationally..
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Indicators scream "down" ATM, this should be definitely a spot to be in fiat.
Nevertheless, this is Bitcoin - are the whales that have been regularly buying between BTC1,000 and BTC2,000 the last few days finished their buying? Are they waiting for the ask side to build and the spot price to go down, as its happening right now, before the next buys?
Really, trading in this market ATM is pure gambling.
Nevertheless, this is Bitcoin - are the whales that have been regularly buying between BTC1,000 and BTC2,000 the last few days finished their buying? Are they waiting for the ask side to build and the spot price to go down, as its happening right now, before the next buys?
Really, trading in this market ATM is pure gambling.
There is very little gamble if you buy from bitstamp and sell on gox -- which is shown by the high trade volume from bitstamp now.
The order book of bitstamp stayed quite constant with about 1.2m on bid and 19k coins on ask. This shows that the big traders still aren't comfortable keeping large amount on this exchange.
On gox, the bid side only has about 13 mil left, indicating that some whales did indeed panic sell and left the exhchange for now.
On ask side, it is back to 70k coins, was only 55k few days ago. Some of these coins must be from the arbitrage traders.
I think the trade volume will slow down once the spread between them is less than 7%...
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Double whammy for gox: less than 50% of the market and equal to Bitstamp today
It was the trade volumes of the exchanges for the last 24 hours, most bitcoin charts have the info.
Also if bitcoin is virtually free to send why we're millions frozen from mt gox which they got In a few months. As it is unregulated there is no one to audit them or clarify this but the figures speak for them selves.
They need the crashes to buy up lots of bitcoins to sell again with the maximum profit for their big houses and farraris.
When you realize this bitcoin is really not as revolutionary as you think . It is not regulated so can fly up or down. The people who control it's value are fat cats scooping up the cream.
I am starting to think the pound is better. You are getting shafted but at least you can rely on a bit of stability.
Please someone prove me wrong? However I don't think anyone can
They need the crashes to buy up lots of bitcoins to sell again with the maximum profit for their big houses and farraris.
When you realize this bitcoin is really not as revolutionary as you think . It is not regulated so can fly up or down. The people who control it's value are fat cats scooping up the cream.
I am starting to think the pound is better. You are getting shafted but at least you can rely on a bit of stability.
Please someone prove me wrong? However I don't think anyone can
Sorry, most of us aren't train to educate mentally challenged people.
I suggest you start taking up some online course on Economic so that you can help yourself. Khan Academy will provide what you need.
99 euro, dafuq? 1 btc is 90 euro on gox right now.
Yes, at the moment. We soon see $ 135 on Gox. Thats 101, but I always speculate very conservative, so I sell for 99.5.
That's not the right way to do arbitrage. You should sell immediately at the current gox price (perhaps even lower so you get immediate sales), withdraw the money, and re-fund bitstamp when withdrawal is done. Rinse and Repeat.
Part of the Avalon pre-order collected bitcoins were sold recently...
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3s
They will likely sell the rest soon, now that batch 3 chips had been delivered..
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3s
They will likely sell the rest soon, now that batch 3 chips had been delivered..