can someone read this binary messages pls thx

The transaction took place before this most recent crash, though. Maybe it was the $15 high that people wanted to withdraw at?

nope.  no buying on the way up and no selling on the way down.  net net still UP.

Oh that is how it is..  105, how do you like them apples?

I'll buy it for 100 mtgoxusd

I think I read once before that Mr. Mayer was quite positive and supportive of bitcoin.

Who's buying with me?

25) Felix Fms: When will I be able to fund/withdraw my GoldMoney Holding with Bitcoins?

JT: Probably never. BitCoins are the ultimate currency backed by nothing. It is not money in my view because money is a tangible asset, and BitCoins are not.

From time to time, new conventional “wisdoms” defying logic and historical precedent become fashionable and fixed in the mindset of the population, holding sway until the bubble brought about by this fallacious thinking pops. We saw this phenomenon during the internet bubble, when it was said that profits don’t matter – only market share does. We saw it again in the real estate bubble when it was said that home prices only go up. And we are seeing it now when people say the dollar is money. It is not money in the true meaning of that word. The dollar is only a money-substitute, as are all the national currencies of the world.

In recent decades, people have lost sight of the fundamental truth of economic activity that goods and services are paid for with other goods and services. One cannot consume the currency we accept in payment, which is used merely to facilitate the exchange of goods and services. Only goods and services can improve our situation in life. So to properly describe its purpose, currency is a tool we use to temporarily hold some wealth in the form of deferred purchasing power, until we are ready to purchase a good or service.

The deferred purchasing power embedded in national currency is not solely reliant upon the view of market participants, as is the case for physical gold and silver. Rather, it also relies upon the creditworthiness and reliability of the issuer of the national currency, which is a feature that highlights the fundamental difference between tangible assets (land, food, an oil well, gold, etc.) and financial assets (basically anything dependent upon a counterparty).

As society developed, the most liquid and reliable tangible asset – namely, gold and silver – became money in a market process that began in pre-history, thus giving the precious metals what is now a 5,000-year track record as money. When used as currency, the precious metals enable tangible assets to be exchanged for other tangible assets, resulting in an exchange that is immediately extinguished. There is no lingering obligation.

However, if a national currency is used to “buy” some good or service, the exchange is not complete because the currency is nothing more than an I.O.U. dependent upon the promises of both the government that is the issuer and the counterparty, which is the government and its central bank in the case of cash-currency while banks are the counterparty for deposit currency. The party accepting this I.O.U. does not extinguish the exchange until they can use the national currency to purchase a tangible good or service; this period of time often entails considerable risk to the holder of the national currency. This basic monetary principle applies regardless whether one is considering a purely domestic transaction, or an international one.

In our society, one works efficaciously to produce some marketable good or service, and we all accept currency in payment. We accept currency not only because it is useful to each individual, but also because more broadly, it makes possible the division of labour, which enables humankind to achieve a higher standard of living than if we had to rely on barter.

So to understand the essential nature of the ongoing fiat currency bubble, we need to recognise that currency today is a money-substitute. It is not money itself because the dollar and other national currencies are not tangible. And to avoid being caught up in this bubble, we should hold physical gold and silver. Even though they are not used much as currency – which is a paradigm that GoldMoney eventually hopes to change – they still are money.

Trillions of dollars have been widely accepted in global commerce in the belief that those dollars can eventually be turned into tangible goods or services. The fiat currency bubble will pop as the understanding grows that dollars – and indeed all fiat currencies – have been issued to too great an extent. There are not sufficient goods and services at current prices to satisfy everyone’s desire to spend their accumulated deferred purchasing power held as dollars. As confidence in the dollar erodes, the fiat currency bubble will eventually pop. It inevitably must because the banking system continues to create dollars “out of thin air” to provide the federal government with the dollars it is spending. The structural federal deficits and the undisciplined approach to creating currency that ultimately enables the issuing of unlimited dollars explain why we are approaching hyperinflation of the US dollar. And while BitCoins may not end in hyperinflation, like all national currencies, they are not backed by anything tangible.

You even showed yourself playing it on youtube which will be an open and close case for the feds when they come knocking  

I agree with the OP. At $15+ we have an increased chance of a bull trap.

Clipse?  Aq?  Psy?  bitcoin.me ?  imsaguy?  

"Silence Lloyd - it's fucking golden" - Ari Gold

but do they know about Bitcoin? 

now there's the spirit!!!  Bitcoin:Gold parity! 

anybody wanna buy 24 oz of gold?

Not necessary. Read nanotube's evaluation. Interest rate changes do not have to be announced 30 days in advance. Changes in the Terms of Service have that requirement, but they state that interest rates may change.

I am convinced that pirate holds enough BTC and USD to move the market significantly. I am not convinced that this can be a source of any more than a marginal amount of revenue. You take losses when you move the market, and even if the gains could exceed the losses (which they almost never do), you have to share them with everyone else trading.

Oh, I missed this one. This is a gem.

If Google (or some other big business) would want to secure a lot of BTC, I think they would first contact MtGox and try to negotiate some kind of a deal. Or, just set up a team to manage their bitcoin holdings and do the buying themselves, otc or exchanges. Or just f'in mine the stuff.

But, there's no way someone can buy a significant portion of a limited resource without moving the price up, Pirate or not. Supply and demand.

Pirate does not have anywhere close to the principle he would owe if he were to try and pay everyone back.

Interested in the picture.  When Pirate defaults will u tell me which one?

this is in it's final week or 2.

the mess will be fun to watch, it's like a train wreck in slow motion / can't look away but at same time feel bad for those in the wreck.  

Duality of man sir.

As much as I respect Joel regarding other areas...

...

I'll say this regarding item #1:

Gains can be had by all, but some gains may be greater than others. Steady appreciation in value allows for this.

I think you didn't understand what I was saying. I didn't say every claim violated every item. In fact, I specifically listed some claims that are fine by item 1 but busted by the others.

Pattern similarities are extremely strong evidence. If someone behaves just like Madoff or Stock Generation, that very strongly suggests that they're doing the same thing, right? This is especially strong, almost conclusive, when no alternative has been suggested or can even be imagined.  As for "emotional fervor", I think it's not coming across clearly that this is intellectual fervor, not emotional.

It's an intangible thing of value. No complex considerations are really involved. They'd be treated as something of value, with a fair market value established as of the time they were transferred. I guess we'll find out for sure if any of the current cases involving theft of Bitcoins proceeds.

Yes, it's possible courts might do something really strange. But it's very, very likely they'll treat this the same as stocks or any other thing whose value can be established at the time it was transferred.