This latest rise has something to do with Mtgox bankruptcy proceedings finally resulting in something ?
The list of all accepted creditors is out at exactly the same time as rise began...

Yeah there seem to be a lot of fake claims. The one with 45 million btc made a slight error: he filed his stash in µbtc (instead of full btc), so he got approved but only a fraction.


I filed my claim through Kraken but did not get an official notice from them, just from Mtgox itself.

The total claim in JPY is a staggering 263519268303371, so that means about 2150 billion Euro !!!!
Total accepted claim in JPY is only  45609593503, so that means 372 million Euro.
So basically 1 in 5770 is accepted !!!

You can download the complete PDF. It is incredible to see what BTC amount people lost: there are many in the thousands and quote a few who lost 10k to 50k btc.
There's even one guy who claims 4.6million BTC

I just got following email :


To all creditors,

On May 25, 2016, the date of the investigation of claims, I made determination as to accept or reject your filed claims.

As a result, all of the amounts that you filed were accepted. Therefore, you do not have to do anything in particular at this stage.
I uploaded the results of the acceptance or rejection given on the date of the investigation of claims to the system under which you can file the claims against to MtGox Co., Ltd. (“MTGOX”) regarding the refund of BTC and money which were filed by the users of MTGOX’s Bitcoin exchange (the “Bankruptcy Claims Related to Exchange”) through the website (https://claims.mtgox.com/assets/index.html#/ ).  You can browse the statement of acceptance or rejection which sets forth the contents of filings and the details of acceptances or rejections therefor, with respect to all Bankruptcy Claims Related to Exchange, by logging into the System and clicking the link to the PDF file of the “List of Acceptance or Rejection of the Claims” (however, they will be partially masked).  Please look for your creditor’s number (the number assigned to you when you filed your claims) and your name, and confirm the results of the acceptance or rejection of your filed claims. You can also confirm the results of the acceptance or rejection of your claims by logging into the System and clicking the icon that states “Confirm the Results of Acceptance or Rejection of the Claims” (Please note that due to the technical error in the System, there is a possibility that the results of the acceptance or rejection of your claims shown on “Confirm the Results of Acceptance or Rejection of the Claims” icon were incorrect during the period between May 25, 2016 and May 27, 2016 (Japan time).  Please check the results again.).

I will contact you with respect to future procedures when we have progressed to the stage of making distributions.

Bankrupt Entity: MtGox Co., Ltd.
Bankruptcy Trustee: Nobuaki Kobayashi, Attorney-at-law

Bitcoin is still very vulnerable to an attacker with deep pockets.
The government or even many banks could easily intervene in bitcoin and hard fork it (to create additional coins just for them). At today's rates it would cost roughly 220 million USD to get equipment for 50% of hashrate.
For you and me that is a lot of money, for them it is pocket change. They can even print the money it if need be.

Exactly. When I stopped GPU mining bitcoins were at 0.05 USD. That's 8000x less.

The next stable price could be much higher than 500. We know that a lot of investment funds/banks are looking at bitcoin. Most of them know very little about bitcoin. But I'm sure there are a number who at least see the potential when becoming a store of value.
Now, if you're a self respecting investment fund you'll want to play in the big leages. At least they want to be top 10000 (equals about 1000 bitcoins) or better top 1000 (equals about 10000 bitcoins). Some of them are already gathering coins, some have not. If this rally goes above a certain point they'll have to jump in. This will translate into huge demand. At the moment buying 10000 coins would cost you 4million USD, pocket change for these guys.

- Build a suborbital hotel
- build the first fusion reactor
- build a space elevator

Storage is niet het probleem voor het draaien van een bitcoin node. Na al die jaren heb je 80Gb nodig voor een full node, daar komen paar tientallen GB per jaar bij. Verwaarloosbaar.
Bandbreedte daarentegen is wel hoog, zeker voor een "thuisgebruiker". Als je niet capt dan zit je aan 50+Gb per maand aan traffiek.

Just the opposite. It's not the EU that has no time left.
When ECB will not raise ELA tomorrow, banks and the government will have no more cash in 1 or 2 days.
So no more withdrawels from your account, no more pensions/government salaries will be paid, no more food/gasoline/... will enter the country. Tourists will leave because the hotels won't be able to provide food. Even Credit card companies could stop processing transactions inside Greece.
How long do you suppose the Greek government will survive that? 1 week, 2 weeks ??

You don't really expect EVERY European politician will roll over because of this vote ?
The Greek voted no to Europe so Europe will simply stop funding Greece.
It's been made very clear to the Greek that this was the outcome when voting no.

As EU we should automatically block all Greek bank accounts everywhere in Europe, and preferably also in Switserland.

Eu does not need to kick Greece out. If the ECB decides not to increase ELA (which is 100% sure) no more money will come out of ATM's.
Since the governments bank accounts are also empty how are they going to pay salaries, pensions and medicare ? They won't so the only option is to print money themselves.

The only thing left for EU is to start sending food supplies in the coming months so the poor people won't starve. I bet the Greek government didn't tell the OXI voters that.

It will be rude awakening tomorrow when the ECB decides not to raise the ELA level.
Tomorrow is the last day that Euro's will come out of Greek ATM machines.

There is no need for a plan B. The Greek government is still on track for its plan A:
Agree to any negotiation but never finalize anything. Start making silly claims (ww2 payments) yourself. In the mean time all of their personal assets are long safe. When finally nobody sends money to Greece anymore they'll go bankrupt.
Then tey'll blame it on everybody but thelselves.

Why they don't take on the chucrch ?
Why they don't take on the superwealthy Greek ?
Answer is easy, politicians from any party are very closely tied to both of those parties = corruption.

They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ... 

Without wanting to offend anybody, I see the situation as follows:
The Greek government: they say to Europe that the austerity program did not work (for them) and want to get rid of it. They offer no alternative (outside of erasing their complete debt) whatsoever.
The Greek people: are doing a bank run to get all their Euro's in Cash, not paying taxes
The Greek wealthy: the Greek church alone can pay most of their foreign debt, but refuse to let go of any money. Many Greek have enormous amounts of money in foreign (Swiss) banks.
The Europeans just want to make sure that money does not go into a bottomless pit (as it does now). The austerity progam did work for Portugal and Ireland

This all means that the negotiations between EU and Greece are going nowhere.

Conclusion:
Greece forcing itself outside of the monetary union, followed by a Greek default on their debt.
On a friday the banks will close and on monday people will have new Drachme worth 50 to 90% less then their Euro's.
There are some extended weekends coming up in may, ideal for such a move.

I don't think many people realize just how much money already exists.
To give you an idea: the ECB is creating between now and next 2 year 1000 billion Euro out of nothing, thats 1e12 euros. All this only will cause some minor inflation of some percentagepoints.
As a comparison in 2 years time about 2.6 million btc are created. Divide those 2 and you get a really big number of euros per bitcoin.

This is just to show what could happen if bitcoin would be accepted as a curreny next to the euro or usd. The value would rise immensly (and not to 100k, but to several million per btc).
Will this happen? Or will the btc value just linger or go to zero ? Nobody can tell you.
For me the main reason for a rise would be some external event triggering this: major European country going bust, even events with Greece or end of Eurozone could make things moving VERY quickly.
If that happens the financial world could shift enourmous amounts of money very quickly. I think now several of them are just slowy accumulating in case of.
To be able to absorp the rise, the bitcoin protocol needs to be readyto play in the major leage and lots of development still needs to be done. But I think that is coming along nicely.

So yes I think 100 bitcoin will be a lot of money. It will in fact be a huge amount of money. When is difficult to predict.
Also when btc starts rising it will be immensly difficult to keep all that 100 btc together. There's just no way somebody can keep his nerves when seeing btc rise to 1000, then a few thousand, and so on.
Everybody will be tempted to sell off some (or even a major part) of it.
We've seen that happen in the rise from 0.01 to 30 and then again from 2 to 1000.

As for the value of the bitcoin being a too large number (it IS a psychological barrier if the value would be several 1000 or 10000 or 100000). You can allways revert to using the unit of mBTC, µBTC or even 1 Satoshi)

Let's be honest: the Greek government lied and falsified their public accounts for many years. It was the only way to get into the eurozone at the time.
Since they cannot devaluate their money anymore the situation is hopeless.
In another few months Greece will run out of money. Maybe quicker if we believe the rumors about the pension funds that are almost empty.
The new government will only speed up this process because no European country (or IMF) will give them money they will never pay back.

The only solution left for Greece is defaulting.

This means that on a Friday evening banks will close in Greece and on monday they will re-open with everybody's money changed into another currency (worth 50-80% less).
This is a Cyprus but 10 times bigger. In Greece the amount of money being cashed from banks runs into millions of Euro's every DAY.

Don't need to remind anybody what happened to bitcoin with the crisis in Cyprus.

Je reinste onzin

Een elektrische heater van 1000W produceert 1000W warmte.
Een set S1's die 1000W verbruiken produceren exact 1000W warmte. (energie in intelligentie omzetten bestaat niet en uw ethernetkabel kan al evenmin energie doorsluizen)
Een airco (lucht-luch of lucht-water) verbuikt 1000W en kan tot 2500 à 5000W warmte maken.

Because:
- governments can change and cannot be trusted
- the legal system cannot be trusted
- they want to pay 0 (or very low) taxes on the money
- the money is from illegal activities and is increasingly difficult to hide

Honestly I think this is one of the 2 main reasons why bitcoin could increase in value (by a factor 10 to 10,000).
Why? Because when those countries agree that they exchange all personal bank data between each-other and on top of that agree that bank transfers from non-member countries will be taxed xx% only bitcoin, gold and cash will remain to get your money back. Since gold and cash are difficult to transport bitcoin will profit enormously.
The second reason is a default of a big European country (like Italy, Spain or better France). Fear of a haircut tax will drive many into bitcoin.

ongeveer ja