Yeah saw that. There was a red alert on reddit yesterday asking Miners to stop mining at ghash.io and join another pool. I've been at BTCGuild.com since I received my Gigahash miner late last year.Originally Posted by vacuum
Here's the thread at reddit.
http://www.reddit.com/r/Bitcoin/comm...ou_mine_there/
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Epic collapse.
Attachment 6040
Yep, Gox most likely is finished after this. They've fucked up too many times with customers money. They aren't the only exchange in town anymore.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Why would I buy a Bitcoin anywhere eles but Mt. Gox?
Because you can't withdraw your Bitcoins.
This is one of the disturbing things about bitcoins. Isn't this like the value of my FRNs being different depending upon which bank I deposit them into, by a factor of two?
Doesn't Mt.Gox have secure wallets you can store it in?
I've been told Bitcoins aren't simply going to go away.
And the competition amongst competing digital currencies has gotten absurd. I'm not even sure what the analogy is here with fiat paper. It's worse than each country having its own currency. It's like each citizen being able to establish its own currency.
As a result, I no longer view it as currency. It's more like baseball cards, where the value is attached to "collectibility". With baseball cards, new manufacturers popped up every year and flooded the market with different varieties to choose from, and collectors would keep switching to the latest thing. This ultimately led to frustration and lack of cohesion in the desire for the underlying product. The result was a dramatic drop in demand and price.
When this is over, Bitcoin will have it's place in the annals of history along side the dot-com mania, beanie babies, housing mania, tulip mania and the dollar and stock market bubbles.
http://www.evancarmichael.com/Yutong.../PT-Barnum.jpg
DON'T TAKE THE VACCINE!
THE SHIT HAS HIT THE FAN!
Yeah, because we shouldn't be trying anything different. We should just continue to use whatever currency the government issues and controls right? Even if it's a gold backed currency, because hey they're the only game in town, even though they cannot even be trusted with a gold backed currency. Let's keep advocating for a gold backed currency give them complete authority to issue it.
I mean there isn't 2000+ years of currency debasement even with countries that used a gold backed currency. I'm sure it'll work out this time though.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
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