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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2017, 03:28:15 AM
I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

These are possibly Virtu, Convergex, and KCG (COIN ETF Authorized Participants) testing out their buying process prior to launch. The ETF only accepts "Baskets" of 1,000 BTC minimum in exchange for COIN shares to sell.
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2017, 03:24:33 PM
GLD probably hasn't done gold any favours though. I wonder whether a Bitcoin ETF will do the same.

Well, one big difference, and what would be absolutely critical for Bitcoin ETFs and Trusts moving forward, is 100% on-demand transparent auditing of holdings.  That has to be a thing, and it should be trivial and built-in.  If Bitcoin exchanges and brokers can expose it easily (well some have chosen to anyway), then COIN or any of the other ETFs should be able to make that happen on any given Sunday.

Otherwise it'll just become like Gold ETFs long term.... no transparency, no proof of holdings, fractional reserve trading, naked short-selling, etc.

The COIN ETF has an ongoing financial auditor and will publish "proof of control" of the cold storage coins by a message signed with the private keys, on a monthly basis. This proof of control will be published on their website.  Their cold storage system was designed to make it simple to provide this "proof of control" without compromising security, and monthly auditing of such was included in the latest S1 amended filing.
3  Bitcoin / Bitcoin Discussion / Re: My jaw is still on the floor. on: December 25, 2014, 06:15:46 AM
Yes.  

The Kay Bell post on her web site in which she references a Nick Szabo academic paper is dated Tuesday, December 27, 2005
Our house is a very, very, very taxed house
http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2005/12/our_house_is_a_.html

yet the Nick Szabo blog post on Bit Gold which contains a comment from Kay Bell is now dated Saturday, December 27, 2008

which indicates that something on the Szabo blog about Bit Gold was edited.




He posted Bitgold originally in 2005, but during fall/winter of 2008 was on hiatus from posting, and so was reposting earlier blog entries.
4  Other / Beginners & Help / Re: which coin do you mine now? on: December 24, 2013, 04:29:50 AM
Just started with Dogecoin, set up 5 dual proc hosted Vm's at digitalocean. Working with dogehouse.org. Less than 50 kh altogether, pretty weak, but just starting out and wanted to get a feel for how all this stuff actually works. In three days I spent $10 on hosting for about .75 in Doge.  Smiley
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