BitCoin - Intellectual Fraud or a Stunning Idea??

So, what really is BitCoin???

  • stunning, refreshing, extremely innovative idea

    Votes: 38 49.4%

  • intellectual, mathematical and computational masturbation

    Votes: 13 16.9%

  • media to waste electricity and computing power

    Votes: 5 6.5%

  • Only aim of idea is to make profits for innovators

    Votes: 17 22.1%

  • No wonder only a Japanese can come up with such an imaginary, illusionary, delusionary, grandeur ide

    Votes: 4 5.2%
  • Total voters
    77
All I'll add is that the guys behind mtgox are the dumbest mofos alive if they're in mid seven-figs on revs and can't do a better job on their front-end. They need to triple their servers, for starters.
 
Quote from DeeDeeTwo:

I run and evaluate a 7 figure business on a daily basis...
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Sure you do... :)

That's why you evaluated Mt. Gox at 50 mill, when they probably didn't break 2-3 mill last year. But you know what, I will put you on Ignore, and you can evaluate whatever you want. And yes, MtGox is a normal business, having revenues, customers, salaried employees. You should know, because you do this on a daily base, right?

See you at $180....
 
Quote from atticus:

$50MM to $10MM and now you don't care what they're making? Wow.
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Actually, that may well be the difference between trailing and future revenues.

If it's not... there is not much point getting involved in these exchanges.

I specifically pointed to a detailed, realistic 11 page model...
Which only a few smart lurkers noticed...
And why I have a policy = people with 5,000 or 10,000 poasts go staight to ignore.
 
Quote from atticus:

All I'll add is that the guys behind mtgox are the dumbest mofos alive
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They did an AMA a week ago on reddit, it was amazing to see how they couldn't handle the situation both technology and PR-wise.

The dumbasses closed down the site mid-week for 12 hours, but instead of correctly saying that it is a server update, they said they want the market to cool off. That sent the price even lower. In those days they were getting 20K applications per DAY.

Not to mention that they let 0.01 silly orders to clog up their trading engine. But at least now they can handle more than 37 transaction per second, their previous highest....
 
Quote from atticus:

All I'll add is that the guys behind mtgox are the dumbest mofos alive if they're in mid seven-figs on revs and can't do a better job on their front-end. They need to triple their servers, for starters.
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yes they are, those guys are out of their depth and dont have the intellect to hire a real team to build the platform. When mtgox first started it was using mostly javascripts and form submits as a trading system, absolute joke.

Said this many times, if we have a stable well executed exchange, bitcoin will gain legitimacy. Those idiots have a golden egg on their hand, and not only are they turning it into rust, they are bringing down bitcoin with it.

When the cnbc/media stories broke, if mtgox was stable and well run, bitcoin will be in a much better place. Both times bitcoin gained popularity, mtgox played a major part crashing it due to technical problems and hacking.
 
Didn't the stock exchanges operate on a chalk board at one time? Why is it so surprising such a new, novel idea would run on a sub-par exchange? If Bitcoin is to survive, it will be on its own merits not an exchanges.

Quote from newguy05:

yes they are, those guys are out of their depth and dont have the intellect to hire a real team to build the platform. When mtgox first started it was using mostly javascripts and form submits as a trading system, absolute joke.

Said this many times, if we have a stable well executed exchange, bitcoin will gain legitimacy. Those idiots have a golden egg on their hand, and not only are they turning it into rust, they are bringing down bitcoin with it.

When the cnbc/media stories broke, if mtgox was stable and well run, bitcoin will be in a much better place. Both times bitcoin gained popularity, mtgox played a major part crashing it due to technical problems and hacking.
More...
 
Quote from the1:

Didn't the stock exchanges operate on a chalk board at one time? Why is it so surprising such a new, novel idea would run on a sub-par exchange? If Bitcoin is to survive, it will be on its own merits not an exchanges.
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Yeah, but it's not 1817 it's 2013.
 
Quote from the1:

Why is it so surprising such a new, novel idea
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The idea might be new, but running an exchange is not. Hell, they have been trading magic cards, they should be expert about it. :)
 
Quote from Pekelo:

For Atticus: The best feedback I keep reading has been about CampBX. They are Canadians (they say they are based in Atlanta), and you get a 10% lifetime discount if you use this site to sign up:

https://campbx.com/register.php?r=rlx58QzsYVQ

So I would probably go with them....

http://www.reddit.com/r/Bitcoin/related/1c95mt/my_positive_experience_with_campbx/

Edit: MtGox is down again....
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Yeah, learned my lesson with those dilettantes. I'll check out CampBX, thanks. Bitfloor (IIRC) was nice bc they had P2P through CapOne, but then they shut their account. More than a little disconcerting f your "broker" is shut down because they don't have a biz checking account. -D
 
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