Bitstamp to Resume Bitcoin Withdrawals Today

Coin Desk ^ | February 14, 2014 | Emily Spaven

[Errant]

UPDATE (14th February, 11:38 GMT): Bitcoin exchange BTC-e has confirmed it is processing bitcoin withdrawals.

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Bitstamp has revealed it plans to start processing its customers’ bitcoin withdrawals again later today.

The exchange halted bitcoin withdrawals earlier this week after it was discovered a bot had launched a massive DDoS attack on a number of bitcoin exchanges

[Errant]

No word yet on Mt. Gox. Prices at both Bte and Cba are above $600 US at this time. Gox is still below $350.

[Errant]

Click to be Added / Removed.

[mmichaels1970]

Quite a ride at BTC-e yesterday. The "trollbox" can be quite interesting to follow as people were practically jumping out of virtual building windows.

Nice to see the coinage withstood and bounced back a bit.

[Errant]

Nice to see the coinage withstood and bounced back a bit.

Indeed. Gold and silver are having a good day too. The dollar, not so good; if it falls below 80 on the index, it is really bad news for the dollar. The worldwide central banks will do whatever to push it back up, if they can. It also seems they're losing the ability to manipulate the price of gold to some extent.

When the latest bug in Btc is fixed and we get an announcement from some country implementing new stiffer capital controls, the price of Btc will jump.

[TWhiteBear]

Thank you so much for your selected links, Errant.
I am like a babe in financial toyland in shock and awe with the vistas and insights you present daily.
The concept of pay 4 porn with bitcoin goes to a major money maker for the internet. No checks, visa bills, just a little code.
And what is worse, more disgusting, degenerate and depraved is the vile but growing process of giving contributions to political parties via bitcoin.
TWB

[Errant]

Bitcoin isn't the problem. The internet itself has proven far more effective for those who seek such stupidity, and used to great extent even before bitcoin was invented. Do you wish to ban the internet as well? Everything and everyone has their good and bad side.

The real problem is with a world that doesn't follow the Almighty's commandments. Maybe that is related in part to restrictions as well; such as restricting God in our schools, courts, government, and institutions of higher learning.

At least for now, we haven't seen any reports of abortion clinics taking Bitcoin. But then, why should they when they can depend upon your tax dollars to help fund the murder of 1.3 million babies a year.

[TWhiteBear]

As always,Errant, you make good points.
Even if I(and I do not)and the Feds, would wish to ban the internet, that cannot be done now.
Can I buy stocks directly with bitcoin? Since anonymous contributions to politicians is now feasible, I would think so as they are both commodities, in the main.
Can I, in theory, exchange my bitcoin in dollars to bitcoin in renminbis? What I am trying to ask, if I sell my tulips to someone,can I get paid in bitcoin that I could instantly(more or less)convert to Renminbis, or perhaps, Hong Kong dollars?
‘At least for now, we haven't seen any reports of abortion clinics taking Bitcoin. But then, why should they when they can depend upon your tax dollars to help fund the murder of 1.3 million babies a year.’
Wow! I am pondering the implications of your observation.
TWB

[Errant]

You and large number of people seem to assume these transactions are anonymous. They aren't. All transactions are stored in thousands and thousands of synchronized and distributed public ledgers. If you know a particular wallet address, you are able to find every transaction into and out of that wallet, and you can know that by watching internet traffic.

For anonymity, you still need cash and I'm not too sure how long they will continue to allow the use of that the way things are going. Don't get caught with over a hundred $100 bills on you at the airport or anywhere else for that matter. You'll likely never get it back.

Crytocurrency offers the rare chance for the people to control the money supply and not banksters or their government cronies. That would be as the Almighty intended, IMO, and the beginning of a new epoch in the history of mankind. Naturally all of the above dependent upon us not blowing the world up beforehand.

You can watch transactions here: http://blockchain.info/

The invention of 3D printing is under similar suspicions and also feared by those who govern us.