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2641  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: June 14, 2012, 07:02:44 PM
man, breaking through $6 is gonna be a while i coming if that order holds.

There's a lot more resistance at $6 than what you see on the order book.  My guess is things are going to cool off for a few weeks (maybe even months), and the price will drift down.

right, the order to 6$ is about 15,000 BTC high, that's less then 1 days volume

in a week we'll see where we really stand. my guess sub 6$ will not hold for long.


A day's orders includes buys into the asks and sells into the bids, so it isn't as if if a days volume is greater than 15,000BTC then the price will push past $6.  Also, my point is that we see 15,000BTCs on the order book, but there are likely (and apparently, from observing the past day or so) lots of people with plenty of bitcoin on hand to sell in the current price range and into any standing bids people put up.  I think sub $6 is going to hold for longer than people think.  The price might poke through a time or to, as it did coming up to $5 (for the 3rd time), but it's not likely to last.  Not only do I think the odds are good this does happen, I hope it does.  I hope we sit around here for months, the rest of the year even.
2642  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: June 14, 2012, 06:50:00 PM
man, breaking through $6 is gonna be a while i coming if that order holds.

There's a lot more resistance at $6 than what you see on the order book.  My guess is things are going to cool off for a few weeks (maybe even months), and the price will drift down.
2643  Other / Off-topic / Re: RawDog offers his support in times of crisis on: June 14, 2012, 06:45:31 PM
Who's that "biggest bitcoiner on youtube" he's talking about? Just curious...

I think he was talking about...bum, bum, BUMMMMMMM...Bruce Wagner!

Are we allowed to speak that name around here now without a shitstorm?
2644  Other / Off-topic / Re: RawDog offers his support in times of crisis on: June 14, 2012, 06:09:47 PM
Hey, anyone know where I can buy non-spoiling firewood?  I want to diversify.
2645  Other / Off-topic / Re: RawDog offers his support in times of crisis on: June 14, 2012, 05:59:51 PM
2646  Bitcoin / Bitcoin Discussion / Re: The BitcoinCard : Vienna, Austria Workshop on: June 14, 2012, 05:49:32 PM
The video says that it can send text and pictures.

The screen does not appear to be set up for pictures of any significance, and...how would you get the picture?

From the video it looked like the types of pictures you could send would be little low res images like you'd see on a TI-83, for example.
2647  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 14, 2012, 04:42:43 PM
So - from everything I see here

1 - I'm not on the friends list, so I have not been paid anything yet. Sad

2. The liquidation price was announced, so people are super pissed (me too, I had a long)

3. That's likely to involve more lawyers, and make it less likely that I see ANYTHING, including my original account balance.

4. That leaves most of us just screwed like we have been since the get go

5. It's yet another in an endless delay, and again it starts to look really like we're not being treated with 100% honesty. That will get more lawyers to come out of the woodwork

So - I guess my "cautious optimism" was poorly placed. I'll go back to presuming I got ripped off.


tl;dr = Win for lawyers!
2648  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 14, 2012, 04:32:28 PM
Close all bets, give us our money back.

No database, a huge mass of data (much of it useless) and a number of false claims that could push out legitimate claims. The data makes sense only as a whole which makes payouts difficult (you have to build a case and gather evidence based on the known data). Being careless and paying people without being sure is stupid as you cannot reverse payments if more evidence later ends up contradicting your early guess.

That's why the initial payouts so far have been for only 50%. And only for people we're highly certain of. I support extending that to more, but the others are understandably taking more caution. If people are paid out, then it's realised there is a mistake in our assumptions, that means legitimate people will not get paid (the pool of money for payouts is limited). $1 erroneously paid out, is $1 of someone else's money. The honest and correct decision here is being as certain as possible for people you pay out, and no amount of shouting will speed up the process. The records for making the payouts are incredibly bad and inefficient. It might take 15 mins to check a single person before you realise that the records on hand for that person are useless/contradictory. Now multiply this by 100s of people.

Someone earlier mentioned hiring people but that's not an option here. I would not trust a relative unknown with this data and the time/effort involved with finding a new person who would be competent does not make it a positive tradeoff.

Here's what I'm certain of, the bitcoins I had in bitcoinica were not in any active positions for weeks prior to the attack.  I'm also certain I had more than 150.  I think it was between 165 and 180 (it couldn't have been more than 180), but I hadn't logged on for quite some time to check.  If anything, I'm sure your records show that I had 180 from two 90BTC MtGox transfers from a long time before the attack (I provided the MtGox transaction IDs in my claims).  

I'd be happy to get back 150BTCs and accept the remaining loss as a donation to a pool to compensate others' losses from the incompleteness of your records.  I have a feeling, however, that in the end if I get anything back, it won't be 150BTCs.  Whether I get anything back or not, lessoned learned loud and clear.  I store my own bitcoins now.
2649  Bitcoin / Bitcoin Discussion / Re: iPhone wallet, get it now, tomorrow might be too late on: June 14, 2012, 02:54:55 PM
There is only one full iPhone wallet available on the AppStore, and it's FriendlyPay

<keynote parody>
It downloads right on your iPhone, it's easy, it receives and sends like never before !
It sits on Instawallet and it's gorgeous !
</keynote parody>

Checking it out now...
2650  Bitcoin / Bitcoin Discussion / Re: How do you spend your bitcoins? on: June 14, 2012, 03:49:55 AM
Quote
How do you spend your bitcoins?

You don't.


lol.
2651  Bitcoin / Bitcoin Discussion / Re: What is someone going to do with all these firstbit addresses? on: June 14, 2012, 03:49:32 AM
If bitcoin ever gets big enough I imagine they could be sold, but there'd need to be some sort of 3rd party verifying that private key transfers were legitimate and that the seller hadn't retained, transferred, or sold any other copies of the private key; and they could arbitrate disputes or hold sellers accountable for selling keys to which they still retained access.

That was dumb.  Nevermind.  I'm going to bed.
2652  Bitcoin / Bitcoin Discussion / Re: More ideas than capital on: June 14, 2012, 03:09:31 AM
I'm actually trying to setup a website right now.  Never done it before, and I feel a bit overwhelmed.  I registered a domain and bought hosting with Dreamhost.  I picked them because I've heard good things.  To get an idea of how much of a newb I am at this sort of thing, as soon as I saw "One-Click Installs" in the Dreamhost Web Panel I went straight for it.  I "one click" installed WordPress, and I picked that because I've heard of it before.  But, seriously, I have no clue what I'm doing.
2653  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: June 14, 2012, 01:04:56 AM
It would be fine on my desktop, but I spend more time on a laptop these days Sad.

Liquidate some of your bitcoins and buy one of these.
2654  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 14, 2012, 01:03:26 AM
Fck, the hacker attempted to login to my email that i used for bitcoinica . Google caught it in time and locked my account.

The IP is from Guam.


Your mail doesn't have 2 factor authentication via google authenticator?

I don't think most people use that, unfortunately.
2655  Bitcoin / Bitcoin Discussion / Re: Bragging rights! Who has the highest BTC balance? on: June 14, 2012, 01:00:37 AM
I've got 124.6713914 left after buying an island and everything to go on it. Smiley 

2656  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 14, 2012, 12:59:13 AM
maybe the classical "paper based" business model of the past had some advantages over the modern and "just in time" cloud?

Or maybe we should all be more careful with our bitcoins and not be so hasty to centralize them, especially in risky startups.
2657  Bitcoin / Project Development / Re: New RetroShare Bitcoin Forum on: June 14, 2012, 12:19:58 AM
I just added all of you, but nobody seems to be online. Hmm.

Decided to use Facebook instead.
2658  Bitcoin / Press / Re: 2012-06-14 zdnet.com.au - Bitcoin safer than the euro? on: June 13, 2012, 11:28:17 PM
Quote
A bitcoin exchange was hacked in June last year, resulting in around 500,000 bitcoins being stolen...

That's not how I remember it.
2659  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: June 13, 2012, 11:06:00 PM
hey guys, add a width=800 to your img tag, unless you like horizontal scrolling...

Will do.
2660  Bitcoin / Bitcoin Discussion / Re: Bragging rights! Who has the highest BTC balance? on: June 13, 2012, 11:05:04 PM
Who has the highest BTC balance?  Not me.  I've got more than 1000 but less than 4000.
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