where the hell are the Bitcoin Bears?
going on summer hibernation :-) |
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03 June 2012 23:20: We're adding extra fields to the claims database (should be finished soon), we have received the funds from Tihan to make the initial payouts. Then once that's done, the first round of payments can be finished.
That's a bit confusing. If all that was lost was 20% of Bitcoins on hand it should have been possible to pay everyone out 80% (the initial round of payouts) without receiving funds from Tihan - additional capital should only have been required to replace the lost Bitcoins. You should have still been in possession of 100% of USD and 100% of Mt Gox deposits. Or were you still waiting on capital to enable you to replace Bitcoins which were lost in the Linode intrusion as well as additional funds to cover the most recent loss? We don't hold the funds. 03 June 2012 23:20: We're adding extra fields to the claims database (should be finished soon), we have received the funds from Tihan to make the initial payouts. Then once that's done, the first round of payments can be finished.
Do you mean there will be another claim form to fill out, or are you just speaking about finalizing the current one? Finalising the current one for internal (staff) usage. We need to track the payments we make more accurately for book keeping. |
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if only.
i personally do not find it seductive to sell into 5.20 wall.
Will not support it either.
Yes looks like it's stuck at $5.20-5.27 Not going anywhere. Might as well wait for the real price increase in December, since there is no reason for the price to really go up unless demand overtakes the daily inflation of bitcoin. |
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A short term update has just been issued to subscribers. Title: Riding the Elliott Waves
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I almost forgot to mention, I know people who work at rackspace and I've talked to them. Your logs & database being deleted is effectively a non-issue, it's a pain to recover but you can bet that they have the capability of recovering every last byte of missing information. However to the best of my knowledge no one associated with this process has created or escalated the issue. You can bet your last dollar that if the Feds become involved, not only would the records get completely recovered, they would become public information as evidence in a criminal case against you. That would happen both as an entity and there is a good possibility of piercing the veil and making you severally (individually) liable.
Forget "legal wrangling" and other excuses, you've been caught in a lie, just refund the money now by sending it directly back to the originators, unwind your accounts and deal with the losses. Your brand is becoming damaged by the minute. If you really do have a silent investor as you claim, his/her investment is becoming worthless because your brand is being damaged by your actions.
I've now given all the warning I'm going to give. My next post about this topic will either be thanking you for a refund, or explaining to the others where to go for a legal remedy.
I agree. I still believe that genjix is a good guy and wants to do this properly, but I am now at a point where I need to see results (= refunds starting). And if not, I will join the legal process as you mentioned above |
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Not bored. Watching the slow rally  |
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Das war auf meinen Mist gewachsen und leider scheint sich's die privacyfoundation anders überlegt zu haben: keine bitcoin-adresse mehr an o.g. URL  Habe mal, meinen damaligen email-verkehr referenzierend, nachgefragt... bin gespannt. Letztes mal war der Kontakt recht nett. Danke fürs update. Hoffentlich akzeptieren die bald wieder BTC |
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As usual, last call for June 2012 subcriptions
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The key question is who dares to buy >12 k BTC and push the price above 5.2 $.
This could trigger a big rally , unless some dark one pushes the price down again, which is getting less and less likely as he is swimming against the stream.
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[color=][/color] I could never invest in bitcoin trading with all this going on -- the infinitive speculation of situations would drive me mad, how do you keep your sanity after so many years, S3052?
that's a great question.
The answer is actually quite simple:
Focusing on technical analysis has guided me and I am tempted to say many dozens of subscribers very well through all "bitstorms".
Because the charts include all fundamental infos and wild speculations, hacks etc. at all times.
With that in mind, a bitcoin chart can be analysed in the same way as the Dow Jones , silver , gold, currencies, etc.
And all the principles and rules work in the same way.some guy on youtube said something along these lines: "I like technical analysis because I don't have to be right. It allows me to ignore emotions and make decisions based on numbers." +1 Couldn't have said it better. |
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[color=][/color] I could never invest in bitcoin trading with all this going on -- the infinitive speculation of situations would drive me mad, how do you keep your sanity after so many years, S3052?
that's a great question.
The answer is actually quite simple:
Focusing on technical analysis has guided me and I am tempted to say many dozens of subscribers very well through all "bitstorms".
Because the charts include all fundamental infos and wild speculations, hacks etc. at all times.
With that in mind, a bitcoin chart can be analysed in the same way as the Dow Jones , silver , gold, currencies, etc.
And all the principles and rules work in the same way. |
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The manipulator for sure wants to avoid losses in his total portfolio.
But that could mean accepting a small loss with the bid and ask walls and the occasional15k BTC dumps and purchases - versus protecting his holdings somehwere else. Perhaps he is highly leveraged at bitcoinica...
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Intentional stabilization of the Bitcoin price requires people to buy Bitcoin for more than they would normally be required to pay, and/or sell Bitcoin for less than they would normally be able to get. So it's costing people a significant amount of their own money to do something altruistic. Because of this I think it's unlikely but not impossible. The strange stabilization of price lately does seem to point in that direction.
If you had, say, 100k BTC, it wouldn't be altruistic at all. It would be prudent. I don't really see it. 100k of price stability would cost you 100k. What you want if you own 100k BTC is, in fact, not price stability, what you want is the maximum amount of depth or liquidity so that you can be sure your 100kBTC can be turned back into fiat as quickly as possible. The best way to do that would be to drive prices up. Unfortunately, if you have BTC you can only do your stabilising on the sell side. As always: manipulation costs the manipulator as much as anyone. I wonder if the sudden vanishing of walls around March was the manipulators realising just that fact -- they were losing money. |
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Because if the last news from BFL holds true, the present mining contracts will be worth nothing in a few months.
What is the news from BFL? |
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Yes, it is also correct that those stabilization efforts have been going on already before the bitcoinica disaster.
Are you gathering this from chart analysis, or have you heard from people who say they are engaged in such stabilization practices? |
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And pay the big fishes with a lot of Bitcoins and Dollars first (Iam not one of tham  ) +1 |
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the remaining funds excl. 18k btc should be there .
I guess its not a matter of IF but HOW they refund as without the database the process is tedious
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s a reason that most people lose money in the market; most people join a trend only after it has ended. In the first wave of the Euro crash towards 1.18-1.19 and possibly towards parity, PM will dive with the Euro at least to PAPER Gold 1,300
I swear, I'm going to have to figure out a way to automatically precede every quoted utterance of 'gold' with 'paper' when 'physical' isn't specified. |
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