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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
for those of you that don't visit /r/bitcoin
http://crypto-comics.com/comic8.png
http://crypto-comics.com/
http://crypto-comics.com/comic8.png
http://crypto-comics.com/
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The first part of your theme seems possible........... but likely NOT complete b/c in my thinking it would take considerable time for 750k btc to be absorbed completely into the market. The second alternative seems even less possible b/c it seems very unlikely (though possible) that the stealing would have ONLY been by one thief.
Let's say there is a thief and his name is not Mark. Either the coins were stolen slowly or in very short period of time.
what would you do if you were the thief?
If you stole the coins slowly over time, you would have no idea when you will be discovered. also you know that once the hack is discovered the price will tank, so the best move would be to sell them as soon as you get them.
If you stole 750k coins very quickly in 2011, it wouldn't be worth much at that time, you know the price will tank when discovered and it would reasonable to believe your hack could possibly kill bitcoin forever, you best bet would be to offload it in bulk to large buyers in the underground world.
In the unlikely event 750k coins were stolen recently, that would make it the biggest heist in history, you certainly can't think you freely can sell it on any exchange, especially since mtgox knows the addresses and can follow the blockchain. Congrats you have the same problem as satoshi.
My conclusion there is no thief with 100k's of coins.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Last year everyone in the mainstream was claiming bitcoins is play money and wont work, now almost everyone agrees crypto currency is here to stay it's just not bitcoin, it will be some Corporation or government coin. Lets entertain that thought.. for example googlecoin comes out today, what incentive would apple/amazon/any competitor have to adopt this coin and give google the monopoly. Same for any country, why would china use USAcoin?
Looking this chart from goldman, Im sure someone is going to try this, the question is why would the world adopt it, it can't be trust in the institution
http://i.imgur.com/yV9tjh9.jpg
Looking this chart from goldman, Im sure someone is going to try this, the question is why would the world adopt it, it can't be trust in the institution
http://i.imgur.com/yV9tjh9.jpg
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
What are your points of contention regarding the problematic nature of BTC e, if any? Are they NOT transparent enough? Are they engaged in fractional banking? What's going on?
I know that I have heard some anecdotal stories of people losing their BTC... on BTC e, also. However, I question whether those are just made up or exaggerated stories. I remember one guy had provided me a link to a story.. but in my view, the story did NOT pan out b/c the person was merely sending out negative stories before there was even an issue of a problem. Surely, it is possible, and maybe I should withdraw some of my BTC from there.. I have about 15 BTC (about 40% of my holdings) on BTCe.
I'm not trying to spread FUD, i will just state a few facts and you can decide for yourself if storing your btc on that exchange is the best idea.
-No AML/KYC even though they accept US customers same as Liberty Reserve
-Unknown owners same as Liberty Reserve
-they still issue USD btc-e codes when all other exchanges stopped a year ago
-Where criminals/hackers launder stolen btc
the real question is not IF it's going to get shutdown, it's WHEN will it be.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
What are your points of contention regarding the problematic nature of BTC e, if any? Are they NOT transparent enough? Are they engaged in fractional banking? What's going on?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the only flash crash thats going to happen from this point on is when btc-e gets shut down probably this year taking all alts with it
Except Ripple.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Atlas Ceo on fox business
he said 1000s of signups yesterday
he said 1000s of signups yesterday
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is Canada, eh. With a brief search, I couldn't find data on more than 1-2 children. I'm not saying they live like kings, but first hand accounts tell me that (2 cases) 3 and 4 kids total subsidies added up to much more than $10/hr. Both of these women deliberately spawned more societal leeches in order to receive the benefits, as holding a job was too difficult. I cannot condone this.
I didn't see any mention of housing benefit either which can be a goodly portion of a working person's wage. Then of course, there is also the cost of working itself, the car, the insurance, the clothing, food, childcare. And of course, if you're not at work, there's always the chance to pick up a bit of money on the sly. Tax free, of course.
OK can a Canadian tell me where do I find this free money you talk about in Canada?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
WTF guys, a legit 2k wall appeared at $630 and no one comments?
This is the first time in a long while (relatively) that $600 had more bid support than there was resistance to $700.
Unfortunately the bears are missing, so we won't find out how "legit" it isThis is the first time in a long while (relatively) that $600 had more bid support than there was resistance to $700.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I have written several times what is my opinion of bitcoin. Please read it (you may be even more disappointed then).
No, I have no interest in sociological research on the bitcoin community.
And yes, I have a PhD in computer science, that I got by asking stupid questions.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Quote
Based on their observations that the months of May, June and September show no earnings the authors conclude that it was likely that the Dread Pirate Roberts was using a different computer than the one seized by the FBI to store bitcoins earned from the Silk Road during these months.
The authors also note that based on estimates that the Silk Road marketplace generated sales revenue of more than 9.5m BTC with an average commission rate of 6.67%, that the Dread Pirate Roberts earned a total of approximately 633,000 BTC, or only one-third of the bitcoins identified by Ron and Shamir in Table 1.
In other words, the FBI only seized 22% of Dread Pirate Roberts total bitcoin holdings.
http://www.coindesk.com/pirate-treasure-resurfaces-bitcoins-first-academic-workshop/The authors also note that based on estimates that the Silk Road marketplace generated sales revenue of more than 9.5m BTC with an average commission rate of 6.67%, that the Dread Pirate Roberts earned a total of approximately 633,000 BTC, or only one-third of the bitcoins identified by Ron and Shamir in Table 1.
In other words, the FBI only seized 22% of Dread Pirate Roberts total bitcoin holdings.
according to this research, dpr still has 488k coins (mark hodling for him? )
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Is there anybody in this mighty thread who has used bitcoin for actually purchasing something with it besides FIAT ?
https://bitcointalk.org/index.php?topic=378936.0
cowboy boots and underwear at Overstock.com
http://upload.wikimedia.org/wikipedia/commons/4/46/Naked_Cowboy_on_Times_Square.jpg
forgive me i couldn't resist it
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
i don't want to quote you because you are ignored by alot of people. I paid for a flight using bitcoin with cheapair.com and pay for online services i use with bitcoin when i can.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
few images from goldman
https://pbs.twimg.com/media/Biir7QZCEAABDVy.png
https://pbs.twimg.com/media/Biid3WJCYAEn_AN.png
https://pbs.twimg.com/media/BiifP-HCAAAeAZY.png
https://pbs.twimg.com/media/Biiq69gCQAA4_Lc.png
https://pbs.twimg.com/media/Biip9N3CQAAiphM.png
https://pbs.twimg.com/media/BiiU_VTCUAAAP8a.png
https://pbs.twimg.com/media/BiiYW6lCcAE8BkR.png
https://pbs.twimg.com/media/Biir7QZCEAABDVy.png
https://pbs.twimg.com/media/Biid3WJCYAEn_AN.png
https://pbs.twimg.com/media/BiifP-HCAAAeAZY.png
https://pbs.twimg.com/media/Biiq69gCQAA4_Lc.png
https://pbs.twimg.com/media/Biip9N3CQAAiphM.png
https://pbs.twimg.com/media/BiiU_VTCUAAAP8a.png
https://pbs.twimg.com/media/BiiYW6lCcAE8BkR.png
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
In that recent interview, Huobi's CEO said that they have 20 people on customer assistance.
I see that their phone numbers have a '4000' prefix. Could that be paid service in China? Could that be how they make money?
http://en.wikipedia.org/wiki/Toll-free_telephone_number#ChinaI see that their phone numbers have a '4000' prefix. Could that be paid service in China? Could that be how they make money?
Quote
400 toll-free numbers with prefix "4001" are international toll-free numbers which can be routed to destination numbers inside or outside of China. 400 toll-free numbers with prefix "4000", "4006", "4007" or "4008" are national toll-free numbers which can be routed to China destination numbers only.
trolling?Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
http://dealbook.nytimes.com/2014/03/11/a-turnaround-for-bitcoin-at-sxsw/
i wouldn't be surprised if i see bitcoin in rap videos soon
Quote
The rapper Nas brought it up during a panel discussion that featured the venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, a firm that has invested about $50 million in Bitcoin-related start-ups. Mr. Horowitz said he believed Bitcoin was like the Internet of money.
At one of the most exclusive parties at the conference, hosted by Nas and Mr. Horowitz, the two kibitzed with Fred Ehrsam, the chief executive of Coinbase, a Bitcoin company they have both recently invested in.
At one of the most exclusive parties at the conference, hosted by Nas and Mr. Horowitz, the two kibitzed with Fred Ehrsam, the chief executive of Coinbase, a Bitcoin company they have both recently invested in.
i wouldn't be surprised if i see bitcoin in rap videos soon
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
[Suspicious link removed]j.com/article/SB10001424052702303795904579433222564439410.html[/url]
Quote
High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.
The two firms' collaboration, first reported last month by The Wall Street Journal, marks a milestone in the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment...
The two firms' collaboration, first reported last month by The Wall Street Journal, marks a milestone in the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment...