Quote from: Peter R on March 01, 2014, 07:21:00 PM

Quote from: JayJuanGee on March 01, 2014, 07:08:35 PM

Quote from: NEMcoin on March 01, 2014, 11:12:08 AM

http://falkvinge.net/2014/02/28/the-gox-crater-crowd-detectives-reveal-billion-dollar-heist-as-inside-job/

Quote

Who took the money?
So, the trillion-dollar question: who took the money? Strictly speaking, we dont know that yet. Were talking about a sum of money so large that humongous and enormous arent sufficient to describe it its 6% of all bitcoin in existence, and assuming bitcoin keeps growing to its potential, that means one individual is sitting on 6% of the worlds future trade and retail currency supply. In todays USD value, such an amount would be on the order of 20 trillion US dollars, or roughly 250 times the fortune of todays richest billionaire. Its not exactly hard to see a motive here.

If the market was rational, this would be extremely bearish.

I agree that we should be a little bearish.. at least for a week or two ... b/c of this news... HOWEVER.... BTC prices have remained extremely resilient to this news... which causes me to continue to assert that there is considerable pent up demand for BTC....

Regarding the point about this seemingly probably heist (based on GOX's own renditions of the situation) is humongous and enormous, this surely is NOT as humongous and enormous as it is being made out to be in the above post......

The reality is that we still live in largely a fiat world... and in terms of overall world scandals, this one is NOT very high in the whole scheme of things... even if it adds up to more than $500 million dollars in current value.... ...

NONETHELESS, i get and probably even agree with the point that BTC is going to go up and probably double in value within the next six months to a year... accordingly, this seems to be heist... is going to add up to more than a billion in about a year... BTC prices are going to be going up.. even with 6% heist of the coins... YET ... we are still a bit unclear about whether the gangsters are going to be able to profit from the coins.. The most plausible scenarios remains that the gangsters are probably going to be able to profit from their heist of these 750K -ish of BTC...

In my opinion, it is highly unlikely that 750,000 BTC were stollen recently. If a huge sum of coins were stollen, then the theft occurred in 2011 when Gox security was lax and the bounty was much less. The theives sold these coins in 2011 and 2012, keeping the price repressed and explaining the long bear market at this time.

Here is my theory in more detail: https://bitcointalk.org/index.php?topic=492393.msg5438572#msg5438572

If the coins were not stollen recently and entered the bitcoin economy long ago, then the missing 750,000 GoxBTC is bullish medium and long term, because the effective monetary base of bitcoin just decreased by 6%. If 20% of those who thought they had coins at Gox, buy new coins (and move them to cold storage this time), that represents 150,000 BTC of sudden demand.

Yep..its about new money coming into the scheme.....and as I don´t know what to do with bitcoins besides putting them in a cold wallet, as the exchanges are free

to account them to anybody else....just lost my live savings to the insider -crew at Gox...surely I will convince more suckers to put some money in the fantastic black

hole where the early - birds just decided to sell short. That is and will remain of the Gox aftermaths......as TBF gives a fuck.