I look forward to more exchanges pulling a Mt Gox because they have no rules to follow about access or accounting.

How would it be accepting defeat? If a bank were able to make Bitcoin unusable for a month, people aren't going to sit around in the meantime and just wait for it to subside.

LOL, remember when Roger Ver made that video where he says "Ive seen the Mt Gox bank statements"?

Lol if you think banks are really "afraid" of Bitcoin. Do you know how easily they could spam the network for months on end? It costs them nothing.

Jackboot statist thugs. First Ross, now Mark

I don't know why people blame the EU for this.

Greece cooked their books in order to make it so they could join the EU, they were already a house of cards financially before they joined.

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Everytime I see a Western Union death thread, it fails to point out that WU has been experiencing record growth and profits over the past few years, so Bitcoin hasn't been making any sort of dent in it.

This whole thread is FUD. Bitcoin has no fees.

Everyone on this forum blathers on about "rational actors" and "self interest". Here's the perfect example of that. These rational actors are working in their self interest by making blocks as small as possible so they can propagate faster and thus have a better chance of claiming the block reward.

It would be a monster issue if more pools decide to start doing this. Why deal with transaction fees if you can have your found blocks propagate faster and get the reward?

I remember when everyone was fellating Andreas about how Bitcoin was "anti-fragile"

Except that their system can probably handle that much better than Bitcoins 3tps. And they can cancel backlogged transactions without consensus.

So if these guys are paying the fee for the transactions, its bad? Who decides what is spam and what isnt? why is this bad, but dice transactions are ok?  

I love all the "WHY CANT U DO THIS ON TESTNET YOU JERKS!" messages.

Can you imagine if an organization who hated Bitcoin like the big banks, a government, or mastercard spent cash to clog up the bitcoin network for weeks? You think they'd care that you called them mean names?

They are paying the necessary fees to use the network, even if you consider it spam. Welcome to the free market.

Yea that will deal a devastating blow to NY, since Circle, Coinbase and other Bitcoin businesses account for a huge portion of tax revenue!

LOL if you think NY gives a shit about a handful of BTC businesses leaving.

What makes you think Bitcoin is doing better than them? Lets be realistic, Bitcoin is a blip on the radar compared to the amount of transactions they process. There are rampant issues of merchants accepting and then dropping Bitcoin payments because nobody is using it with them, but not the case with credit cards.

It was also proven by the recent stress test one could effectively clog up the network for a single day for about $5,000 in transaction fees, these guys could destroy Bitcoin without blinking by clogging up the network for a month very easily.

Why are people acting like this means the bank is terrified of Bitcoin?

It was also proven by the recent stress test one could effectively clog up the network for a single day for about $5,000 in transaction fees, these guys could destroy Bitcoin without blinking by clogging up the network for a month with the amount of fiat profits they make in a microsecond.

I think it was pretty much proven the other day that there isn't some conspiracy by banks and governments to destroy Bitcoin, considering a handful of testers spammed the network and brought it to a standstill of processing transactions for 8 hours at the cost of approximately $5000 in transaction fees (which is nothing).


If a bank or government really wanted to destroy Bitcoin, they could easily do so by clogging the network for days or weeks by spamming transactions all day to fill blocks, and considering they have not done so, they clearly don't consider it a threat.

Well I guess its true: Governments can't stop Bitcoin. They can just imprison its users instead.

Sorry for your Ross.

I'm so sick of seeing this written as some sort of "you'll be sorry if you don't buy coins now!!!" retort. Here's a more accurate version:


Good luck picking up some bitcoins at a much lower price that 1200, 1100, 1000, 900, 800, 700, 600, 500, 400, 300, 220 for the rest of the year.