Despite the upwards movement and general bullish sentiment, total bid sum on Stamp continues to stagnate around 11-12 million. http://coinorama.net/Interesting...  |
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https://xrptalk.org/topic/2629-selling-my-xrp/-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Hi Everyone, I started working on ripple in the summer of 2011. I soon hired Arthur and David to help me. In 2012, I met Chris Larsen. He joined us about 5 months before ripple was launched. Chris, Arthur and I kept 20 billion XRP, of which 9 billion were mine. We gave the remaining 80 billion to OpenCoin. I have given away and donated some of my 9 billion XRP to charities such as MIRI, Literacy Bridge, Give Directly, Mission Bit and others. I plan to start selling all of my remaining XRP beginning in two weeks. Because I have immense respect for the community members and want to be transparent, I’m publicly announcing this before I start. So just fyi…. xrp sales incoming. Thanks, Jed. -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v0.1.15 Comment: https://keybase.io/crypto wsBcBAABCgAGBQJTfXm/AAoJED087Ujnqtv8fIYH/1JYnEkfWkx5gm+KEQk3hMFj ePdvdDj0lWcaCw4SZIoP46IwincCdOysgaSlc4goUxz4n/sGa1pXUJQVJX8hFo+Y nISFaEKVdXAUCWfU5TnnZmM4HTGq2KDCVchfyM3pq8BJS8RUIB/rHZ6szNdC69JU QDWps3ykQNZXB7ct/Ss/Zt94EPYTcTinNuWLV4o2O1pnpui0JfO4fL3zjId3nEmN AnEnt4HmPC+SRyG1qQJfruHUupMlI5aEVUbqh4yRN0TQv7eHpIXOK8RCOv4jkycJ t3565HjA8MZ7VoqaClqx/PXlTpnNe1xzZqb/JQOAQEDRXhsk+jh1zRf5ea+sCRk= =9Ktm -----END PGP SIGNATURE----- I didn't want people to wonder if this was from me or not so I signed it with my public key which can be found and verified here: keybase.io/jed/key.asc Jedgeddon is almost upon us. This might provide a boost to bitcoin depending on how Jed sells and whether he immediately converts to bitcoin.
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Huobi at $650. HOLY SHITBALLS.
China leadsCEO and a few of his buddies executing buy orders with HuobiBux leads. |
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http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/Williams remains definant
In a new interview with CoinDesk, Williams opened up about his famous prediction, offering a defiant analysis of why he is still convinced the current high price of bitcoin won’t remain for long.
Williams told CoinDesk:
“I continue to stick to my 2013 prediction that bitcoin is grossly overpriced and the price will eventually adjust dramatically downward as the priced-for-perfection expectations set by bitcoin promoters cannot be met.”
SELL SELL SELL!
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This and all the recent rallies are more a reflection of the distrust in exchanges to hold coins than increased adoption and genuine demand to own bitcoin.
In other words, artificial scarcity caused by exchange incompetence.
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...
How are we supposed to reach new prices when no one can move money in?
Bots executing buy orders with StampBux. |
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That mistakenly assumes the bitcoin cult will respond rationally to the willy report. |
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http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol Not my words just a copy paste but... "Just a quick note... I've built quite a few systems, and at times I build the administrating function into the customer function. It's hard to explain and hard to give an example... but imagine I build an exchange and incur fees in bitcoin, say 1%. The way I'd run my company finances is to build an admin account and with every bitcoin transaction, 1% goes to that account. This account is then set up on the exchange to sell at batch periods a certain amount of the bitcoin that I want to have in dollars to pay for company expenses. Instead of taking my bitcoin to bitstamp and selling it there, or putting my bitcoin in a 'IkmoIkmo' account and selling it through there (of which 1% would recurringly go back to the account), I'd build it into the system using a customer account with some high ID and privileges like having 0 fees. Now I'm not saying there's no inside job or that it isn't fishy. What I am saying is that I've been programming for a decade and I can easily see how a solo-engineer iterating on a flawed trading engine would use crappy and fishy accounts like these to do things that are otherwise completely normal and legal like having a company account sell bitcoin fees, or batching transactions of actual user-activity under one account-ID, or working with other exchanges to share liquidity and e.g. letting BTC-E sell coin to the Mt.Gox orderbook under a certain id for 0 fees, in exchange for the same service at BTC-E, thereby sharing the load and creating a redundant system (which is nice), etc etc. In other words, it's weird, it's fishy, it's Mt. Gox, but it's not proof of some kind of fraudulent trading in and of itself. It can mean a whole lot of things and I'm happy to see more information come out." Never go full bulltard. |
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Re the Willy report: Is this the moment in the animated cartoon when the guy is about to realize that he has stepped off the cliff and has been standing on thin air for a while?  Nothing will change. The bitcoin community is a cult that has repeatedly proven capable of shrugging off the lack of any reasonable foundation to their beliefs. |
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http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
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What do you guys think of this ? it was taken from the french forum.  its an omen. That a fake bid wall is going to get pulled and crash the price? |
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http://www.reddit.com/r/Ripple/comments/26ccz3/ripple_board_member_resigns/Hey ya'll. Jesse from Kraken here.
Today I have submitted my resignation from the Board of Ripple Labs. While I care about the people who work there and I wish the company the best, I cannot personally continue to support the business.
I believe that the technology and the protocol hold great promise, and have since the beginning, which is why I was the company’s first investor. Since Jed's departure, the management of the company has taken a different direction. Sadly, the vision Jed and I had for the project in the early days has been lost. I’m no longer confident in the management nor the company’s ability to recover from the founders’ perplexing allocation to themselves of 20% of the XRP, which I had hoped until recently would be returned. Prior to Jed's departure from Ripple, I had asked the founders to return their XRP to the company. Jed agreed but Chris declined—leaving a stalemate. This afternoon, I revisited the allocation discussion with the pair and again, where Jed was open, Chris was hostile.
As an investor, of course, I hope that Ripple Labs will overcome its hurdles and prove my lack of confidence misplaced. Unfortunately, unlike the founders, I don’t have swathes of XRP to dump if I don't think it's working out. Will Kraken still support trading of XRP? |
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I'm surprised more bitbulls are not jumping on the FUD train circling bitstamp fiat withdrawals to encourage btc panic buys.
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From Google Translate, I can't see any relevance to bitcoin at all. Google translate is often more difficult to read than the unfamiliar language. |
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I actually think Ripple/XRP is a better system and will eventually overtake Bitcoin. However, that's 2-3 years away.
If Ripple Labs doesn't buy out Jed and he really does crash the market, I'll scoop up some XRP.
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This may have been a move by Jed to compel Ripple Labs to make him an offer. We'll see. |
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