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1881  Economy / Service Discussion / Re: [GOX] BRAKING NEWS: Karpeles admits he is "Working on" retrieving cold storage!! on: March 01, 2014, 01:01:51 PM
Please reread what i said.

So you can't explain that then. Thought so.
It doesn't make any logical sense for them to NOT say outright that coins were stolen. So far no-one has actually said that. Just rumours and the 'more or less' legit document.
Sorry but when a bank get's robbed, they don't say "The money may have been removed from the bank" AND "we found the problem and we are working on it" They would say clearly "we got robbed"

Why WOULDN'T a company say that on TV - because it's not true and they know it.

Gradually one by one people will realise their coins are gone, they won't be getting them back.
It will take a month or two until the last penny finally drops.
1882  Economy / Speculation / Re: Markets not reacting to loss of 100s of Millions of $ is disturbing on: March 01, 2014, 12:05:53 PM
I also find it funny how ppl just say well too bad the gox clients will just have to buy their coins again at the current price. Um no, they won't fucking rebuy the coins no one will fucking rebuy coins, especially at the current rates.

Some will buy again, some won't. Just telling you the reality of the situation that's all.
1883  Economy / Speculation / Re: Markets not reacting to loss of 100s of Millions of $ is disturbing on: March 01, 2014, 09:52:40 AM
Holy crap the ignorance, who will pay back the hundreds of millions of dollars Huh Ask this question please.

Who the fuck will compensate the markets ?

Nobody will.

If you want your coins back you'll have to buy them back at market rate.
1884  Economy / Speculation / Re: Markets not reacting to loss of 100s of Millions of $ is disturbing on: March 01, 2014, 09:05:51 AM
Markets not reacting to gox bankruptcy and loss of hundreds of millions of dollars worth of customer money is not just disturbing but confirms my earlier statements about market manipulation.

Bitcoin is being stress tested. Markets are holding because Bitcoin strong. Of course the press will tell you quite a different story.

1885  Bitcoin / Development & Technical Discussion / Re: Gox stash recoverable by wallet update? on: February 28, 2014, 08:00:53 PM
So the real question could be: why not now? After all, we're still in beta.

If you start 'rolling back' the ledger (even if just specfic addresses) my confidence in the system would then be zero. Zero trust = zero price.
1886  Other / Beginners & Help / Re: You have 10 Bitcoin, how do you store them? on: February 28, 2014, 07:39:56 PM
Armory.

https://bitcoinarmory.com/
1887  Bitcoin / Development & Technical Discussion / Re: Gox stash recoverable by wallet update? on: February 28, 2014, 07:37:35 PM
So my question,: Is it possible to delete a known wallet and make it's balance appear in a new one with not lost keys (under the pretence that coins locked out in Gox are proper identified)?

Yes, but the coins would be worthless.
1888  Economy / Service Discussion / Re: Mark Karpeles Mt.Gox Press Conference Video on: February 28, 2014, 07:28:15 PM
Anyone knows if this has been translated to English somewhere?

I can guess what he's saying without any translation.
1889  Economy / Service Discussion / Re: Gox's "lost" bitcoins on: February 28, 2014, 07:20:32 PM
there is no fucking sense that you lost 800k btc without noticing it, just like JP Morgan lost 1.9 tri dollar out of their 2 tri dollar  asset without noticing, no fucking brain in the Universe will believe this theory. Mark took all the coins, period.

My theory is they were stolen years ago. Gox has been running on deficit every since.

We'll all find out the truth in time, that's for sure.
1890  Bitcoin / Bitcoin Discussion / Re: Why you guys wanna let people see your wallets? on: February 28, 2014, 07:16:13 PM
It doesn't make sense. That's like the biggest invasion of privacy there is.
The blockchain is a public ledger, it has to be public for a decentralised system to work.
Anyone can see the amount in an address, but it is difficult to match that address to a person/business, but not impossible.

A wallet is a collection of addresses. The blockchain doesn't directly reveal what addresses are in the same wallet. But through blockchain analysis it is sometimes possible to link multiple address together that originated from the same wallet.

Where's Satoshi Nakayama's wallet?
No idea.


1891  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty offered - A fork of the bitcoin network that goes back to block 219200 on: February 28, 2014, 07:06:56 PM
Good luck with the rollback.

Just a shame the coins on the fork would be completely worthless.
1892  Bitcoin / Press / Re: [2014-02-28] - TSA Harasses Traveler After 'Seeing Bitcoin' In His Bag Read mor on: February 28, 2014, 05:38:45 PM
Brain wallet would put an end to all that nonsense.
1893  Economy / Speculation / Re: the us government owning 850,000 bitcoin is on: February 28, 2014, 05:06:58 PM
Since the us government was clearly behind this, we have to decide if this is bullish or not

BS. MtGox lost those coins YEARS ago, they've been in deficit ever since.

Writing was on the wall.
1894  Economy / Service Discussion / Re: Anyone who had btc on gox since 2011 could be affected on: February 28, 2014, 02:06:28 PM
Many on here think that only the people who currently have money or bitcoin with gox will be directly affected by a gox bankruptcy.  That may not be the case.  According to Jesse Powell, the CEO of Kraken, 800,000 bitcoin were stolen in June 2011.  Instead of informing the public, gox decided to essentially run a ponzi scheme from that date forward through which it attempted to reach solvency by generating fees through transactions and possible arbitrage. 

The bankruptcy trustee could determine that everything that occurred since that June 2011 date should be unwound, and that anyone who withdrew money or bitcoin from that will need to return those net profits to bankruptcy estate. 

Don't believe me?  Do you think the people who were smart enough, or lucky enough, to pull money out of their Bernie Madoff accounts got to keep those profits?  No, the bankruptcy trustee sued every single one of those people and required them to put back into the bankruptcy estate all of their net profits that they made.  And it meant nothing that they were completely unaware of the fraud.   

So if you are one of those people who had money or bitcoin on gox and made a profit on the transaction, which is now sitting in your wallet or your bank account, don't be too sure you want gox to die. 

What like all those that got sucked into the pirateat40 ponzi got all their money back.

Don't be silly. Those with Bitcoins and/or cash still on Gox have lost it. You might as well write it off and be done with it.



1895  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt on: February 28, 2014, 10:11:30 AM
Doesn't that mean some hope for people looking to glean something back from gox?

Nope.

1896  Economy / Speculation / Re: China has turned Bitcoin into World's largest Casino & Fooled you all on: February 26, 2014, 05:11:30 PM
Bitcoin is not a safe investment anymore.

Please tell us about the time it was.
1897  Economy / Service Discussion / Re: Official Money Lost in Mt. GOX Thread on: February 25, 2014, 07:51:48 PM
Btw, your BTC are not officially lost yet  Grin

Yep I have been asking myself what event is going to mark it as official.

Either a filing for bankruptcy or Mark on the run.

Until that happenes, nobody lost a dime from Gox accounts.
You've lost all of your money on Gox, long ago.

^^^ This should be stickied.
1898  Economy / Service Discussion / Re: Official Money Lost in Mt. GOX Thread on: February 25, 2014, 03:38:34 PM
0 BTC, $0
1899  Bitcoin / Press / Re: 2014-02-24 Bloomberg - Bitcoin seen by payment networks as little threat' on: February 25, 2014, 11:49:54 AM
As the dinosaurs lifted their ancient heads and looked towards the incoming meteor, they shrugged, "No threat to us.", and returned to their feeding, blissfully unaware.
1900  Bitcoin / Bitcoin Discussion / Re: The Scary future of BitCoins - the Death? on: February 22, 2014, 10:05:42 PM
Just bought a few WorldCoins 'cause they were cheap.
The future looks quite promising with WorldCoin.

Oh dear, someone else has been sucked in.

http://cryptolife.net/exposing-the-worldcoin-scam/

You should pay particular attention to the last paragraph.

LOL  Cheesy
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