@aidje I’d actually recommend reddit.com/r/economics and themisescircle.org - learn differences between Keynesian & Austrian theory.
@BTCFoundation Um, are you not accepting bitcoins as payment?
@paulbuitink @tuurdemeester @twobitidiot @MtGox So basically, you have more hearsay for us. Thanks.
In all seriousness, the resiliency of cryptocurrency continues to impress me. My hopes are higher than ever.
Past 2 months have been a sustained onslaught of bad news, yet Bitcoin still trades at $500. Honey Badger can’t be bothered to give a shit.
@HappyOwlCEO @chamath That’s not a transaction for 783458 BTC. It’s an address that’s processed that much & currently holds 0. Meaningless.
@chamath Do you have actual confirmation of 700k being stolen? All I’ve seen is hearsay.
@binarybits Definitely maybe.
@kyledrake Anarchism, on the other hand…
@NTmoney I also don’t approve of @twobitidiot suggesting people dump their coins due to a theft. Theft does not make Bitcoin less valuable.
@PerianneDC Can you link to proof that they are insolvent?
@kyledrake Yeah, because regulations have prevented wealthy insiders in the incumbent financial world from profiting at expense of laymen.
@Falkvinge Has gox actually claimed that, though? I’ve only seen rumors based upon hearsay.
Bitcoin users are not being robbed to bail out an incompetent company. The losers are Gox and those who trusted them despite warning signs.
@jefft @mikestable Yes, the problem is that a ton of people were lazy and actually stored large quantities of bitcoins on Gox.
@mikestable I’ll say that the average person shouldn’t be investing in cryptocurrency, so it’s probably good that they’re spooked.
@mikestable Completely agree. And that’s OK. :-)
@mikestable Some will see it that way. Others will see it as a new world of finance where “too big to fail” does not exist.
@mikestable If that is so, it is because the people who aren’t involved don’t understand how cryptocurrency works. They need education.
@mikestable Eh? Not sure what you’re trying to say.
@cryptotraveler More of the same, IMO. We can only hope that Gox has Goxed itself for the last time.
@aantonop @blockchain @coinbase I’m interested to know why your “joint posts” don’t say “insolvency” while other exchanges’ posts do.
@jbeardsley I agree. This is just another reason why crypto is not yet ready for mainstream use. But the freedom to store yourself is great.
@jbeardsley Crypto will see similar storage services pop up (at least one already exists) for those who prefer to pay for convenience.
@jbeardsley Safely storing physical money is quite difficult, thus paying banks for their security is worth the expense.
Gox’s failure will be capitalized upon by players who are better positioned to run such businesses. It’s already happening.
barrysilbert SecondMarket to launch first U.S.-based Bitcoin exchange wp.me/pRvqL-h5T via @FortuneMagazine @danprimack
I’ve said it before and I’ll say it again: if you alone don’t hold the private keys to your cryptocurrency, you don’t actually own it.
Lots of FUD spreading about Gox’s status; few people seem to care about needing proof. Rumors may be true, but I refuse to propagate rumors.
@elflo @twobitidiot I find it interesting that @coinbase’s post does not say “insolvency.” It appears that they don’t have proof.
@Bits_of_Eight @twobitidiot How is requesting proof equivalent to shooting the messenger?
@elflo @twobitidiot The joint statement is about Gox’s incompetence. We can all agree upon that. Their statement doesn’t prove insolvency.
@elflo @twobitidiot I see a statement that has been altered by some exchanges to not say “insolvent.” Seems that even they don’t agree.
@twobitidiot Nothing personal; I can count the people I trust on one hand. I trust you as much as I trust Mark Karpeles. Still need proof.
@matthew_d_green I hear that @barrysilbert of @SecondMarket is feeling up to the task.
@cryptotraveler So many fishy aspects; explanation is bogus, doc looks fake, Gox has said nothing, other exchanges can’t agree if insolvent.
@twobitidiot I’m not saying that you’re right or wrong, but I have yet to see actual proof of theft from Gox. All I see is that they’re down
@cryptotraveler Have you seen any actual PROOF of a 750k BTC theft? I’ve only seen rumors that people are treating as fact.
@RichardPPhilbin All we know is Gox is down. I have yet to see any proof supporting the rumors of theft.