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Showing 20 of 26 results by pblack4
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Re: OKCoin's bid for MTGox
by
pblack4
on 28/04/2014, 08:08:11 UTC
Does anyone know the details?
please refer to this thread: http://www.reddit.com/r/Bitcoin/comments/24443x/live_google_hangout_mtgoxrehabcom_vs_liquidation/

Also, please know it's not okcoin, but a team assembled from okcoin people.

A detailed plan will be released soon.

Thx so much!
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OKCoin's bid for MTGox
by
pblack4
on 28/04/2014, 07:49:55 UTC
Does anyone know the details?
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Topic
Board Service Discussion
Re: SaveGox.com
by
pblack4
on 28/04/2014, 07:47:44 UTC
Do creditors get either a 20% of the 200K coins or a share of the new exchange or both?
How many years to recover the full 100%?
What happens after a creditor has recovered 100%? Does he continue to receive earnings from the exchange?
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
pblack4
on 25/04/2014, 09:41:30 UTC
gox priced in?? not yet.. wait 1 year and you'll see what damages 7% of stolen coins can cause
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
pblack4
on 25/04/2014, 09:30:21 UTC
Without positive news on mtgox front, adoption will slowly fade and bitcoin value will drop to single digit. Only savegox or similar proposal and the discovery of what really happened at mtgox can save bitcoin and resume its run to $10K-$100K
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Topic
Board Speculation
Re: Summer Prices
by
pblack4
on 25/04/2014, 09:20:17 UTC
I predict that BTC will range bound between $300 and $500 for the next 12 months, until investigation for mtgox claims begin.
Then it depends on what the final decision is. If mtgox is liquidated and bitcoins sold, I don't see a future for bit coin. Its value will crash to $10 stay there for ever.
If gox is saved by savegox.com or other buyers, and creditors refunded for 20% to 100% of their lost funds, bitcoin will end 2015 at $20K and will continue its run to $100K in 2016-2017
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Board Speculation
Re: 200k Gox Coins in the Pipeline
by
pblack4
on 24/04/2014, 14:46:58 UTC
a bitcoin or cash deposit is a company liability not a company asset
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Topic
Board Speculation
Re: 200k Gox Coins in the Pipeline
by
pblack4
on 24/04/2014, 14:41:32 UTC
why? they are deposits, not company assets
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Board Speculation
Re: 200k Gox Coins in the Pipeline
by
pblack4
on 24/04/2014, 14:34:55 UTC
but those 200000 coins are not company assets
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Topic OP
Bitcoin to $0.50
by
pblack4
on 19/04/2014, 07:04:49 UTC
if japanese liquidate 200K gox coins:

http://i.imgur.com/jegU1Pz.png

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Board Service Discussion
Re: Gox coins recovery is a must for bitcoin to survive
by
pblack4
on 19/04/2014, 06:55:26 UTC
If terrorists steal a nuclear weapon, we can blame and ridicule the government for its incompetence and its weak security systems.. but we cannot ignore that a nuclear weapon has been stolen.. the real important thing is to find the nuclear weapon as soon as possible for the good of humanity.
7% of bitcoins in wrong hands will change the future of bitcoin
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Re: Save Gox
by
pblack4
on 19/04/2014, 06:45:07 UTC
savegox and other similar initiatives are fine and very welcome. I applaud everyone involved in these projects.
But for bitcoin to survive we need to find the lost 650KBTC, not other new 650KBTC. We need to find out what happened in mtgox. We can consider it an accident at the very beginning of the bit coin story, but this may become a fatal one for bitcoin itself. 7% of the whole monetary mass cannot be considered an accident. It's totally unacceptable and bitcoin won't survive.
Everyone in the community has to realize that it's imperative to join forces to discover the truth and recover the stolen coins. It's not just to refund creditors, it's because 7% in wrong hands will influence the future of bitcoin and at the end will cause bitcoin to fail.

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Gox coins recovery is a must for bitcoin to survive
by
pblack4
on 18/04/2014, 21:56:09 UTC
It's simply unacceptable to lose 7% of all bitcoins and say now that mtgox is out we can go on.
Bitcoin will lose its credibility and will fail. The whole community has to understand this and join forces to discover the truth and find a solution to recover 100% of all lost/stolen coins.  The only way for bitcoin to survive is to show the real power of the blockchain.
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Re: and Gox... is baaack in the game
by
pblack4
on 14/04/2014, 06:04:42 UTC
I don't understand why people would choose the 50% fee option

The old mtgox had an average daily volume of 50K BTC; if we suppose the same for the new god (likely much less) and an average fee of 0.30%, you would get a little less than 3% of your old credit back each year..and you will reach 20% in 7-8 years and 100% in 30 years!

I really hope the new investors have same great plans to relaunch the new exchange and help it grows to process 10x, 100x the old average daily volume
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Re: Possible MtGox Addresses - Don't Get Excited
by
pblack4
on 12/04/2014, 12:02:24 UTC
interesting..but 320 million addresses is impossible..  the total number of referenced addresses in the block chain is about 25 million and less than 2.5 million have bitcoins in
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Board Bitcoin Discussion
Re: Total number of bitcoin nodes
by
pblack4
on 07/04/2014, 15:11:53 UTC
Thanks.  I'm just wondering what kind of impact the number of nodes may have on the overall network reliability.
The power is currently about 50PH/s but this seems to be spread among 10K nodes only.  Is it correct that to shutdown bitcoin one would have to take 10K nodes down? by physically disconnecting, destroying them or banning their IPs?
Would the network be more reliable if the same power was provided by 100K, 1M+ nodes?

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Topic OP
Total number of bitcoin nodes
by
pblack4
on 06/04/2014, 20:38:30 UTC
What is the total number of nodes in the global bitcoin network?

so far I have found only this http://getaddr.bitnodes.io ..but I don't know if it's a reliable source
I thought there were more than 30K nodes earlier this year, but the above website says 8K-9K

Is there any other website with historical info?
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Hundreds of 0.00777 BTC transfers on Feb 6th
by
pblack4
on 27/03/2014, 21:32:27 UTC
Has anyone checked this address?

https://blockchain.info/address/12Nxd2X12WZeYSjUcbtm5NpS3d81Yh8sKh

there are many transfers of 0.00777 BTC to addresses containing thousands of coins


The weird thing is that all these transfers occurred on Feb 6th before Mtgox suspended withdrawals


Another suspect thing is that this seems to be a mtgox customer. The following deposit and withdrawals from the leaked db seem to match exactly this address:

e9ceb1e2-0497-427b-aca0-4f8e6aa2018a,557fe7d5-e199-474f-a1c0-6b2d05d568ae,"2014-02-05 23:18:00",deposit,43.3
e9ceb1e2-0497-427b-aca0-4f8e6aa2018a,0d807f90-23a3-46d2-80d7-5c2addfda825,"2014-02-06 17:33:42",withdraw,-1


Any clue?
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Activity on the 200k address
by
pblack4
on 27/03/2014, 20:35:28 UTC
there are some very small deposits/withdrawals on the 200k address

https://blockchain.info/en/address/1KecDYadohxk8MCDqKF8SBEMhCUNveAsCj

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Canarslan just tweeted
by
pblack4
on 27/03/2014, 15:16:03 UTC
China news are all about fake...

 Shocked