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Board Bitcoin Discussion
Topic OP
Magic: the Gathering blockchain analysis? Also, theory of motive..
by
thethingis
on 20/02/2014, 22:03:49 UTC
I don't have the skill to attempt it myself, but has anyone tried tracing known Magic: the Gathering Online Exchange ("Magic: the Gathering" for short) addresses for BTC inflow/outflow?

Are they moving coins behind the scenes? Anyone who's previously withdrawn or deposited BTC could look for reuse or follow change flows perhaps. Again, not skilled enough myself, but an idea.

Another note: people here seem to advocate buying Magic: the Gathering BTC for the eventual re-opening of withdrawals. However, with the exchange locked down the total amount of BTC and $$$ are fixed. No closed-system transaction can change any of that; for every buyer there's a seller of equal magnitude in both directions. Only the exchange rate (i.e. notional value) changes.

So in this case, we can assume there's a BTC shortfall, meaning someone won't get their BTC out. We don't yet know if there's been a shortfall of $$$ as well, but less likely unless Magic: the Gathering has been really naughty. Hence, the rational thing to do is be positioned in $$$ so as not to be caught last one on the ship. In fact, the drop in BTC price on Magic: the Gathering is the opposite of what Karpeles would want if he were trying to make right by everyone.. ideally he'd want the maximum $ value for selling an existing stake of BTC so that he could go out and buy BTC elsewhere and bring back to Magic: the Gathering to fill the hole.

So I posit that the company is not deliberately tanking the price in order to get cheap coins.. the number of coins in there is fixed. Again, can transaction analysis reveal anything about fund flows at Magic: the Gathering?