SecondMarket to create a regulated bitcoin exchange… that’s pretty cool.
SecondMarket in itself is such a fucking awesome idea too.
Their site got exploited by a known Bitcoin flaw from 3 years ago. When sending a transaction, the ID you get is not always the one that gets included in a block. The inputs and outputs of the transaction are the same which is why it goes through but sites like Gox who rely on the TX ID, again after it was made public years ago you should not, would resend the transaction.
There is a ton of ways around this like tracking inputs inside the transaction and also queuing payment requests into a single transaction they never followed which lead the them losing the coins but they decided to blame Bitcoin as a whole.
The Foundation and multiple developers spoke out telling them they are not their software development shop and you should be building your applications properly which was awesome but Gox screwed up and trying to dig its way out.
I am convinced they realized they lost a lot of Bitcoin and found out they can destroy the price where coins were trading at 1/4 of what they were on the site and bought back a ton. I like news like this because most exchangs even the other night dropped to about $400 or less and was a great shot to scoop up some cheap coins.
Gox has been shady for the past year. I bailed on them last summer and moved to other exchanges. Anyone who kept money there is an idiot.
Exchanges are not wallets. I am not sure why people would leave their entire life savings in a currency that is high risk and also just sitting on a site. I deposit, trade, and then put back into my wallet. Also, any serious coin holdings I have are in cold storage which can’t be accessed by anyone but me.
People are idiots. I love the news articles tho. I have caught the dip twice and increased my holdings about 20% each time due to people selling off. =)
There is some serious movements in the crypto world:
http://auroracoin.org/ which is the currency for Iceland. The only issue is it is 50% premined.
http://mazacoin.org is the first crypto currency coin in history to be accepted by a sovereign nation and was released last week. it also hit the 30th most valuable crypto in the world in its first week. if you look at the about page, you may recognize someone on it
boxxa send me Mazacoin!!!
MQzEnKowKvoFnw3X7etCNWMa2masBb3byh
:tspry:
And you made fun of my Twitter giveaway
Actually you should have 5000+ twitter followers today lol
Your welcome :-p
I need a better way to run my giveaways now. I can’t handle all the replies.
this is all too wacky for me but i hope you dudes kick some ass 
Dead link but ya, Gox stole shit.
Anyone read the Newsweek article that claims to have found the Bitcoin founder? VERY interesting read
You are way behind the backlash.
They came out and said this isn’t the guy. The original creator has been silent for 4 years, came back and posted in the original thread that he is not who the media says he is, and there is a huge fund of money being raised for the guy who got caught in the middle of this.
Well I just heard about it today on my podcast…It sounded exciting.
Huge downswing after news of China that are in the rumor mill that they will ban them. Stable price is in the $500’s so if you have been waiting, the $400 price range we are seeing is a good time to buy. People are worried and selling but a lot of investment firms are buying up coins pretty fast.
Curious how much he would have made. When it was first out there, there was a ton of IT people who would get fired for running mining software on company PCs at night and building VMware servers using open resources to mine currencies.
In the recent days, there is a list of companies who now accept Bitcoin.
Reeds Jewelers
Dish Network
Expedia
Reeds is unique because they launched it with both in store and online at the same time. I think I am going to check out a watch this week and may pay in Bitcoin.