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It' 4 year old coin.... U can wait about 40 years . Good luck

Chinese pump

If bitcoin will go up to $800 then we could see a new all time high in my opinion. We have to cross and destroy the latest 2016 ATH to be ready for the moon take off.
A lot of new money is flowing into btc and this means only one thing, that the way is up.
Christmas gifts are just around the corner

The source code that powers the “Internet of Things” (IoT) botnet responsible for launching the historically large distributed denial-of-service (DDoS) attack against KrebsOnSecurity last month has been publicly released, virtually guaranteeing that the Internet will soon be flooded with attacks from many new botnets powered by insecure routers, IP cameras, digital video recorders and other easily hackable devices.

The leak of the source code was announced Friday on the English-language hacking community Hackforums. The malware, dubbed “Mirai,” spreads to vulnerable devices by continuously scanning the Internet for IoT systems protected by factory default or hard-coded usernames and passwords.

...

personally i dont think there will be a big bitcoin buy-up due to BoS, but the news itself of stupid idea's banks come up with that have no rational reason, or proves that banks are bad.. can only be a good thing for real asset holders like bitcoin

We NEED a rough estimate of bitfenix's total BTC holdings
this info is simply not available
here we go some conjecture....

https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/

you'd think bitfinex had a similar amount of coins? right?
so like ~1.5million coins
everyone gets a ~10% hair cut?
wouldn't that be lovely

Charles Hayter, CEO and founder of CrytoCompare told IBTimes UK: "It is not clear on what the capital buffers are at Bitfinex, although if we take last year's figures of 300,000 bitcoin and apply a generous doubling, we can speculate that 20% of all funds have been lost.

Bitfinex was hacked last year in May when 1,459 bitcoins were lost. Their hot wallet system for customer deposits was breached, which at the time represented 0.5% of all customer deposits. Bitfinex subsequently teamed up with BitGo to implement individual multi signature wallets for users.

Thanks for that link ECB...    The post pretty much states that Bitfinex is going to make a more official update tomorrow, but in the meantime, like you said, Bitfinex is considering a way to socialize losses amongst Bitfinex BTC holders.

 I don't really have a problem with socialized loss in the sense that Bitfinex would later pay back those "losers"... yet, I believe that they are not considering paying back the "losers"...

 I think that it is a bit irresponsible to cause the users to hold the bag... and even though we are finding out some details, we still have to wait for more specifics, which seems to be scheduled to come out tomorrow.

So USD funds (that were simply held and not lent out) would not be affected at all by the hack, correct?

In that scenario, they would not be susceptible to the socialized loss.

Im presuming the BTC I was holding may be subject to socialized losses, but not the USD in my account?

That would be correct.

I thought they lost less than half the coins, so why the 63% haircut? I wouldn't be surprised if they did try to go down this route, however. When Poloniex got hacked for 10-15% they did similarly, with a haircut and then gradual reimbursement from their trading fees. Running fractional reserve, in contract, would just cause a run on withdrawals.

So you're confirming that there are no plans for a haircut of any kind?

No. I'm saying that any haircut estimations are false.

https://twitter.com/btcWhaleclub/status/761330711165100032

dunno how true this is but here you go. bitfinex plan to issue some type of coin to pay dividends on future bitfinex profits and poloniex are gonna trade it. looks like they'll be back in business soon if this is the real deal.

I'm not sure if we'll be able to get it up today but we're trying as hard as we can. As it is getting late i'll try to see if i can get an update of where everything stands and make another post updating everyone with where things stand for now.

We're planning on getting it up today EST.

from a reddit post

that's naïve. people automatically have it when using fiat. if you were using bitcoin for everything you'd pretty soon be longing for some anonymity.

in a full bitcoin world everyone would know what you were earning, what you spent things on, what you paid for things. you might start off pseudo anonymous but one slip up could link your id to all of your addresses.

businesses would have their finances wide open for other businesses to analyse. there are ways to cover your tracks right now but they're not foolproof and i don't reckon people should have to put conscious effort into something so important.

Biggest most active whales are those behind the Chinese mining scene. China by now owns Bitcoin and runs the market as it's own personal cash cow, and as Bitcoin continues to grow and the network resource demand becomes increasingly bloated, miner politics are posing a grave danger to the future viability of the whole project, which in turn renders Bitcoin increasingly unappealing for Western based whales.

A Western based whale can own as many Bitcoins as he likes, but with 80% of mining capacity in China, he is invested in phenomena that is fully at the mercy of a culture that Western finance simply does not trust to act honourably nor reliably (towards outsiders).

so your not looking to "volunteer" but to get paid work..
ok i see money is your priority.

yet we have not even seen a single idea, solution, promise, plan, of what you want to do.

setting up a foundation is like setting up a business if you have no clue what product or service you will offer you have failed before you have started.

The Bitcoin Foundation(TBF) Founding Director Jon Matonis explains the $4.6m loss in 2014. Funds were drained by exorbitant monthly expenses, conferences and the falling price of bitcoin.

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

i think these feature won't be available in paypal and also i was heard that some of paypal users switched to using bitcoin and i personally don't expect those feature because i had already comfortable using bitcoin even though i have paypal account and i think because the complicated requirements and high fees people will stay away from paypal including me

So, this attitude already shows that this guy cannot be Satoshi since S.Nakamato wouldn't do such a thing. His main purpose to make use of the technology laying beneath bitcoin free and easy to everyone, so that bitcoin can become people's money not financial behemoths , and trying to get almost all possible blockchain-related patents of course tears down the foundations of this idea. Even declaring his identity undermines bitcoin, and Satoshi never does that.

So, who the fuck is this guy, and what is he trying to do?

But O'Hagan shows us something rather different - a man under intense pressure from business associates who stood to profit from him if he could be shown to be Nakamoto.

These people had signed a deal with Dr Wright in June last year, which saw them pay off his debts, including legal fees incurred in a battle with the Australian tax authorities.

Then, they had a plan for him.

"They would bring Wright to London and set up a research and development centre for him, with around 30 staff working under him," O'Hagan writes.

"They would complete the work on his inventions and patent applications - he appeared to have hundreds of them - and the whole lot would be sold as the work of Satoshi Nakamoto, who would be unmasked as part of the project."

He may have exaggerated his contribution, he may have constructed a very elaborate fantasy...

If you are expecting O'Hagan to reveal the truth behind Bitcoin's creation myth, you will be left disappointed.