Thanks for clarifying MagicalTux. And sorry for the poor translation  mais également parce qu’il détient des informations fiables indiquant que certains expéditeurs se sont récemment convertis à l’islam. It is also interesting to see that TracFin considers that if someone sending funds recently converted to Islam, they are highly suspicious, and it makes the recipient even more suspicious too... This is crazy. Don't even know how this can be legal... Anyway thanks for what you're doing, all the best for legal procedure |
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Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project
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OMG there has been a ~20% retracement of the last rally !!! gold is collapsing  |
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Reminded me of that post : @Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
$135k right now all at once moves the price to $6.75, which is only 3%. A far cry from a compounding 7% every 7 days. See you at defcon! lol |
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Thanks for your work guys ! That's indeed something we need to do. A few suggestions : Show the graph of currency supply. Also pointing that the supply is going to be cut in half soon could attract people. In the part about the hacks, pointing that the problem was never the protocol/satoshi client ZH is probably a good target for the "Screw Banks" videos, so we should use it. ( http://www.youtube.com/watch?v=5CrOKDOyW-Y) Don't remember who said that, but the analogy of bitcoin being both the blood and veins, ie both a currency and a transaction system is nice  |
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ICBIT had nothing to do with bitdaytrade (fortunately) |
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As much as I'm disappointed and pissed of by bitdaytrade and Intersango team, I think you're wrong about this conference being a gathering of bad elements. Most of people participating/attending this conference are people who do good to bitcoin.
These conferences plays an important role in the bitcoin growth, which shouldn't be underestimated.
Problem is that organizers don't want to get rid of the few bad apples, or that these bad apples are part of the organization.
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Alberto will make an announcement discussing the suggested security deficiencies and what he plans for the future of the Bitdaytrade platform.
Alberto says he will write a status update later this evening.
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And bitscalper will be offering a talk on business ethics.
Funny thing is that bitscalper/bitdaytrade/Alberto is a sponsor of this conference... EDIT : [/sarc] |
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mtgox ask side is also lower (about 120k right now), so I still think it would make sense if it was mtgox cold wallet.
Does anyone know if someone is tracking and saving mtgox depth ?
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Demande leur des explications, principalement selon quelle autorité ce virement est illégal.
Leur demander une confirmation écrite et signée pourrait aussi être utile. (Si ça coute de l'argent pour l'envoyer par recommandé, je suis sur qu'on arrivera à se cotiser pour que tu ne paies pas seul)
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Well, that's interesting.
I'm not an expert on blockchain transactions and mixing, would be nice to have someone with such knowledge try to understand what's the purpose of these transactions.
I'm still not convinced that shuffling around coin between address is an effective way to launder coins. There will be (are ?) tools to do nice graph analysis on the blockchain which should be able to defeat that.
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Either this is false or MtGox is really, really into laundering their customers money for funds reason. (For obvious reasons this is highly implausible.)
What do you mean by laundering customers money ? |
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I don't see how pirate could make the supposed 10%/week will the coin sitting in this address.
Even if he's running a ponzi, it would only make sense if the total deposits are a lot bigger than this address balance (which I doubt, but yeah still plausible).
As for the observed transactions, it would also make sense if it was mtgox. Someone bought a lot of coins during the drop, and cashed them out, forcing mtgox to refill the hot wallet.
The best way to check (without MagicalTux confirmation) would be to correlate it to the ask side of their orderbook (supposing it represent a stable % of all btc deposits, which is not perfect, but should still be ok).
Anyway we should soon have the confirmation that it's not pirate stack. Hopefully this shitstorm will be settled in a few weeks
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I also don't see other ways to fight name squatting. And I'm not even sure auctions would be a desirable solution.
As for easy to remember btc address, I also think namecoin is the way to go. Sure we're a long way from that system being implemented, but it'll come at some point.
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No it doesn't not make much sense, price has been going up since his beginning of btcst  From what i know, he began borrowing coins around a year ago. Then what does a degenerate overconfident gambler would do when his bet goes bad ? double down. EDIT : what do you think about that post ?  |
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That is pretty common in ponzi schemes. Madoff for example ran a traditional hedge fund for for well over two decades until he made some really bad trades. Fearing his clients would move their money he faked trades for the quarter. Of course now he essentially had "juice" running on the difference between the real books and the fake books. As investors continued to expect returns on the fake numbers that difference required him to fake trades qtr after qtr. Eventually he reached the point he could no longer "go legit" if he wanted to. He was committed to the ponzi because deviaiton from it would get him caught. Of course no ponzi can continue forever but he was "stuck" so he played it well and kept the ponzi cashflow + (more coming in than paying out) for years. Had the economic downturn not spooked investors he might still be paying out dividends regularly but they would be fake and eventually something would have caused the ponzi to fail.
I agree he was probably not thinking about going ponzi from the start. My favorite hypothesis is that pirate was shorting bitcoins, and it was working great at the beginning. Then the market recovered, and he doubled down as much as he could. Not the fanciest theory, but would make so much sense... |
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I admit my bitcoin performed much better when i bough at 8.8 and sold at 15. But my gold holdings are doing quite well; not collapsing.
its not over. Absolutely. The $3k level isn't far off, and that's just a stepping stone. It see with mixed emotions all the metal people on youtube getting all excited patting themselves on the back for having called bottoms and breakouts and talking about insane rallys to come in gold and silver. They seem absolutely certain that "this is it" and it will rocket to unknown new highs within the year and well beyond next year. Are these people being a bit emotional and getting carried away? I agree it's really too early to celebrate. And to be honnest early celebrations like that worry me. What's interesting is that there's been for example Bill Murphy from gata quoting "insider" sources doing bold (crazy ? stupid ?) predictions, like 100% upside in 90 days. ( link). And from what I know he's not a "gold to the moon tomorrow" kind of analyst. Time will tell I guess. |
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so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
I don't understand why you assume that it belongs to Pirate in the first place? If it does it would mean he actually has about the required amount to pay out, and he made it with pretty much all of the money he collected just sitting there doing nothing. That makes no sense. +1, this wallet is most likely mtgox cold wallet |
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