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lol, this shit is too funny.
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Only dropped because some dickhole sold 23,000 BTC for $125,000 right after another sale of 18,000 BTC, the fourth largest single sale on mtgox ever. Selling a bunch of coins at the bottom of a four-month low on a shallow order book is not someone investing wisely or thinking long term, that's probably somebody unloading stolen coins. I was already trying to buy at these lows but I'm already all-in BTC.
It's a smart sale if the seller thinks BTC is just going to go lower and lower. |
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I just want to say a few words to the bitcoin community.
Herp
de
Derp
Man you just don't let up. Someone take away this guys keyboard. You keep adding to the problem of no good content or discussions here anymore. |
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Sold everything a $8. Lost confidence? Never really had it.
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Well, let's see...
1) first and foremost, reversible transactions open up a wonderful new world of petty fraud, especially for companies selling digital, ephemeral products (such as ebooks, or software, or online services) because delivery of those is problematic to prove outside some pretty in-depth interpol investigation.
Right. And with Bitcoin if someone steals my wallet and spends all the coins in it I'm screwed. No recourse. All my money is gone. With Credit cards I'm not liable and all my money is still there. See what I did there? Still have money in the bank. |
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This guy on Reddit said it best:
"But Bitcoin isn't stocks or real estate titles or patents. It isn't legal tender as far as the US government is concerned, it's just numbers on a computer. As far as they're concerned, it holds no monetary or intellectual value in their eyes.
It would be more akin to saying that my dog took a dump on another person's lawn, and that person decided to keep the shit. That shit could be worth thousands of dollars to me or numerous other poo enthusiasts, but as far as the government is concerned, it's just shit. There's no way in hell that I'd be able to sue for ownership rights to that shit.
I have no sympathy for this guy. As someone else in this thread has said, their code had fucked those guys over before. He knew that there was a possibility that he could send that guy Bitcoins they didn't intend to. It's one of the flaws that comes with dealing in Bitcoin. The 'customer' has no legal obligation to return the Bitcoin. He might be a bit of a douche, but that's about it."
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I would hazard to guess that it has something to do with the operator of that particular place being outed as a convicted mortgage scammer, accused sextourist, accused pedophile, prostitute?, accused rent defaulter and accused violent scumbag who fled to Japan when it became obvious and he was reported to the FBI.
you couldve left it at "accused of being a convicted mortgage scammer". the rest is irrelevant. What? He was convicted. No accusations. |
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Actually, they are making fun of you, in particular. The Naive.
You don't think it's a bit naive that all of mankind has been searching out the fabled Illuminati/free masons/big foot for centuries and yet you have 'uncovered' them all on a forum made by a guy who used to prank people on AIM to get them to try to connect their toaster to a router? I think you have replaced any chance Bruce, Atlas, or myself had ever had of being the nuttiest person on the forums. Congratulations. You're about to get famous. +1 Bitrebel is bad for bitcoins. |
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Right. And if you're mining and then selling off the coins you better report the earning on your W2 so you pay the tax on the money you made.
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WE SHOULD KILL THIS THREAD....
No doubt. There wasn't a hacker at all. 50% of All Your Bases belong to Bruce! Ha Ha Ha!!!! |
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What are the point of these?
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I'm curious about something. A hypothetical situation. If Ben was asleep while the coins were being sent to his wallet, which was stored in an encrypted file on his computer, and when he woke up, he couldn't remember the keys for decrypting that wallet file, would he still owe the sender the bitcoins?
I would say no. In this case, I would argue that he never had possession, and thus never had an opportunity to return them to the rightful owner. By statute, and by common sense, in this case the theft wasn't the reception of the coins, but the willful failure to return them. On the other hand, if they ever moved in the future, I would expect the defendant to end up back in court for theft, and possibly perjury. No problem with the statute of limitations, because again, the crime happens when the defendant has an opportunity to return them, but fails to do so. It's called conversion (look it up on Wikipedia). He probably can't be sent to jail for it, but he can be sued and be found liable for damages, attorney's fees, and (if he can't return the BTC themselves and must reimburse in USD), damages can include any appreciation of the BTC. All he needs is an attorney to file a lawsuit. Phantomcircuit, I would suggest you call his local police and file a police report, simply get a case number, make it clear that you simply want to file a report to document your complaint that this guy acknowledges having your property and is willfully depriving you of it and converting it for his own use. Whether you actually call a lawyer is up to you, but if you decide not to now and significant BTC price appreciation makes you change your mind later, you'll be glad you filed this report. Even if you do not live in the US, I am pretty sure you have standing to sue in a court in his local jurisdiction. (My fingers crossed: hopefully an attorney who understands Bitcoin would take an interest in such a case, because it has the potential to result in a court affirming that Bitcoins have value - something that would be super good for Bitcoin) What makes you think the two are located in the same country? |
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He needs to buy a dime bag  |
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eh, its just monopoly money. I'd keep it.
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lol, I own both of those without the 's' - bitcoinfordollars.com, bitcoinforeuros.com, etc.
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