Re: Peter R's theory on the collapse of MtGox and its effect on the price of bitcoin
What's left, at least for me, is to check for any confirmation of a $1000k steal on that day. We are looking for $1000k coins which mostly entered Gox during the weeks before and then were all spent more or less at once. The thief would have had to do the latter in order to prevent Gox from spending them first using a backup of the wallet, after the theft had been detected.
Meanwhile I checked for confirmation of a $1000k steal the 15th of June 2011, but found none.The estimated transaction volume on that and the following days is about 230k for the entire bitcoin system.
See here.
It is not plausible to me that a thief would risk a reversal of his theft, when all he needs to do is to spend the coins to a new address.
The saying is that about 2000 btc were stolen that day, conjectures about many more stolen coins, e.g. 500k, seem to be widely rejected.
Since the 1000k theft is key to your plot, I wonder if you have a particular source. Anyway, I now like your plot even better, guess why
