[ExI] Meltdown at Mt. Gox (Bitcoin exchange)

[Brent Allsop]

Extropians,

It looks to me like MtGox might have lost at least some Bitcoin due to 
the transaction malleability issue in the protocol, which could cause 
liquidity problems having nothing to do with prior history?  They could 
also be making some serious money buying from those poor locked in guys 
willing to sell for around  $100/BTC. Whatever it is, It'd sure be nice 
to know.

In Jan, I abandoned the, till that time unanimous consensus $10,000/BTC 
in 2014 camp, for the Bitcoin will never achieve a $10,000 valuation camp.

http://canonizer.com/topic.asp/154/7

And I've been selling vigorously since then.

I remain in the "Canonized Law of the Crypto Coin" camp, it's just that 
I think there are some drastically superior coins about to come out.  
And as always, a superior coin has, to me, been the only significant 
risk to Bitcoin.

I think the Invictus Innovations Bitshare coin that is about to come out 
is, or at least will be, by far, the best coin out there, investment 
wise (you can bid on them now see: http://www1.agsexplorer.com/).

Just wondering what you guys think?  Is there anything else out there 
close to that?

Are you still bullish on Bitcoin?  Are you still bullish on Crypto 
Currencies?  Do you think Bitcoin will ever set a new record? What is 
the best alt coin out or about to be out there, investment wise, that 
you know of?

Brent Allsop





On 2/20/2014 7:20 PM, Gordon wrote:
> mirco,
>
> It appears the concerns I expressed here a few months ago about Mt. 
> Gox's solvency were justified. I am not happy to have been correct 
> about it, but I am happy that I transferred my bitcoins out of that 
> black hole. I hope you did as well, assuming you had any there.
>
> As of this moment, bitcoin currently trades on Mt. Gox at about 100 
> USD vs. about 560 USD on healthy markets. It is unclear whether anyone 
> will be able to withdraw their coins, to say nothing of any USD.
>
> Gordon
>
>
> _______________________________________________
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
> http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20140220/392ee436/attachment.html>