dustcoin

11 ms·

61.
by dustcoin 13y ago
Additionally, increased demand for treasuries results in the US being able to borrow at lower rates, decreasing the interest paid.
62.
by dustcoin 13y ago
I am asked to email them a copy of my ID and a utility bill for verification. I did so and never heard back from them. This is unacceptable and I can't think of many worse cases of contact from companies. You were
63.
Dorian Nakamoto explains how he was misquoted(businessinsider.com)
1 points by dustcoin 13y ago|0 comments
64.
by dustcoin 13y ago
They don't have 60% of their customers' bitcoins. They (allegedly) have 0.2% (2k out of 750k) of their customers' bitcoins, and 60% of their USD/EUR/JPY.
65.
by dustcoin 13y ago
I would, if it had completely new management and new software. MtGox's only valuable asset is their huge number of KYC verified customers.
66.
by dustcoin 13y ago
Given the huge price increases bitcoin has experienced, many people bought bitcoin with a small portion of their net worth that later grew into the vast majority of their net worth. Some of these people were unable to withdraw from MtGox (
67.
by dustcoin 13y ago
It is premined and thinly traded. http://signalvnoise.com/posts/1941-press-release-37signals-v...
68.
by dustcoin 13y ago
They claim to have 1.1 customers, 550,000 which have submitted extensive identification documents for verification. The large number of AML/KYC verified accounts could be valuable to other exchanges.
69.
by dustcoin 13y ago
mtgox.com was just a domain name the original owner had lying around after _possibly_ using it to host a card exchange at some point in time. https://en.wikipedia.org/wiki/Talk:Mt.Gox#Possible_citogenes...
70.
by dustcoin 13y ago
The CEO, Mark Karpeles, is a French person living in Japan.
71.
by dustcoin 13y ago
>You can only withdraw funds if you have a verified account. This wasn't always the case for small amounts. On top of this, forged documents can be purchased on the black market.
72.
by dustcoin 13y ago
Relevant to yesterday's news: Acquiring MtGox for "free" would cost ~$336 per user if the leaked crisis document is accurate.
73.
by dustcoin 13y ago
MtGox claims the theft had gone on for "years", so the coins may already be sold long ago.
74.
by dustcoin 13y ago
Before the news of gox's massive 740k BTC loss, I had considered the possibility that a competing exchange would buy out MtGox, cover the small hole in customer balances (10-50k BTC) and gain a larger customer base while also boosting
75.
by dustcoin 13y ago
"In order to re-establish the trust squandered by the failings of Mt. Gox, responsible bitcoin exchanges are working together and are committed to the future of bitcoin and the security of all customer funds." As someone with fund
76.
by dustcoin 13y ago
I've found a potential inconsistency. The document states their USD assets are $22.5M liquid and $10.5M seized/locked ($33M total) and USD liabilities of $55M. How is this $22M deficit possible when the balance sheet on page 8 (lo
77.
by dustcoin 13y ago
Yes. The feds seized funds from MtGox's US subsidiary's bank accounts. http://techcrunch.com/2013/08/23/feds-seize-another-2-1-mill...
78.
by dustcoin 13y ago
Is this a fake/placeholder balance sheet? Why would MtGox have a "Cost of Goods Sold"?
79.
by dustcoin 13y ago
Anyone can register a domain name and list whatever contact information they want, right? The money made through manipulating the market would certainly outweigh the cost of a 3 letter domain name. However, MtGox also suspended trading at
80.
by dustcoin 13y ago
whois gox.com Domain Name: GOX.COM Registry Domain ID: 816800_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.godaddy.com Registrar URL: http://www.godaddy.com Update Date: 2014-02-24 17:29:44 Creation Date
81.
by dustcoin 13y ago
Drop the "Mt.". Just "Gox". It's cleaner. On a serious note: I still doubt the legitimacy of this document, given how absurd it is to lose that much BTC without noticing.
82.
by dustcoin 13y ago
Most of the numbers floating around the internet and nearly every mainstream news piece about bitcoin's energy consumption are wrong. They cite an outdated statistic maintained by blockchain.info that assumed everyone was using a GPU e
83.
by dustcoin 13y ago
>If our supply-demand assumption is true, the $2,160,000 dollars of Bitcoins that come into existence every day, that's also about $2,160,000 of electricity used. I have some first-gen ASIC miners and electricity is 20% of revenues
84.
by dustcoin 13y ago
This "office" isn't "new". It is their old address before they moved, I sent a document there in 2011.
85.
by dustcoin 13y ago
You are thinking of Peter Venesses (Coinlab/Alydian), not Roger Ver.
86.
by dustcoin 13y ago
The typical fee for a simple transaction is currently 0.0001 BTC (~$0.07), not $0.38. I also do not think it is fair to say off-chain bitcoin transactions are free. There is some cost in implementing, running and securing an off-chain data
87.
by dustcoin 13y ago
Neither the bitcointalk poster nor Paypal's CEO were lying, although the poster's conclusion is now proven to be incorrect. The OP was selling casascius coins, which contain bitcoin private keys (digital currency) and are therefor
88.
by dustcoin 13y ago
Prime launched in 2005 for $79/year. ~$15 of the proposed increase can be attributed to inflation.
89.
by dustcoin 13y ago
AMD GPUs are about 4x faster for bitcoin mining and about 2x faster for litecoin mining compared to similarly priced/energy consuming Nvidia GPUs.
90.
by dustcoin 13y ago
Neither sha256 (bitcoin) nor scrypt (litecoin) mining uses floating point operations. AMD cards are faster because they are built with more, simpler "cores", compared to Nvidia's fewer, more complex "cores". Mining

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