[ExI] Bitcoin Arbitrage Profitability? (Was Re: Bitcoin Moore's Law?)

[BillK]

On Mon, Jul 22, 2013 at 2:47 AM, Gordon wrote:
> I watched a video of a presentation by a statistician at the recent bitcoin
> conference in Silicon Valley. A question came up about the price
> discrepancies between markets, in particular between Mt.Gox and BTC-e. He
> replied along the lines that the price differences are probably due to
> differences in transaction costs and risks between the markets. In other
> words, that the markets are fairly efficient even if they may not appear
> that way. Perhaps it is because of this software that Bryan mentions.
>
>

<http://www.theregister.co.uk/2013/07/23/bitcoin_ponzi_scheme/>

Texas man charged in multimillion-dollar Bitcoin Ponzi scheme

On Tuesday, the SEC announced that it has charged Trendon Shavers of
McKinney, Texas with operating a Ponzi scheme under the name Bitcoin
Savings and Trust (BTCST).

The agency alleges that BTCST offered Bitcoin-denominated investments
over the internet at interest rates of up to 7 per cent per week,
which Shavers claimed was possible because of arbitrage opportunities
inherent in the Bitcoin market.
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BillK