NOOOOO, I missed pg 420 xD
Also this crash is due to the dwolla thing, if you think otherwise then that's cool too I guess, I for sure can't change your mindset.
But it's due to dwolla seizure.
That is all.
Holy shit!!!! The code has been cracked!!!!
Again, MtGox being incompetent isn't news. It would be news if they weren't.
Every bit increases the known magnitude of incompetence though. God knows how incompetent they really are, at least they managed to stay in business if that means anything.
Blocking US ips was a smart move by SatoshiDice. It's not worth the legal risk. Americans can still gamble, they can find out how, the website was garbage anyway.
This has wider percussions than satoshidice though if they are affected so is the entirety of Bitcoin gambling sites operating on clearnet.
MtGox/Coinlab lawsuit will likely drag on for years, has very little to do with the market and/or Bitcoin.
Maybe, the sum is quite substantial and I think it can threaten mtgox as a business, perhaps bankruptcy?
We don't yet know how the market would be without gox. I'd say it's a considerable risk.
Med/Long term it was good news. People leaving MtGox, moving to other exchanges. We need more bad news for MtGox, so more people will move.
Yes, I agree, at least in terms of what's good for the ecosystem. I don't really have an idea what prices would do when it's gone.
Bitstamp, Coinbase, CampBX and Bitinstant are really trying to pick up the ball of the available volume as Americans begin to shift off of Gox. One or two of the others can probably pick up the slack. Bitinstant received a decent bump in funding, 1.5m USD from the Winklevii twins, Coinbase received a 5m USD funding on Tuesday
http://blogs.wsj.com/venturecapital/2013/05/07/coinbase-nabs-5m-in-biggest-funding-for-bitcoin-startup/. The position is there for one of them to fill in.