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1081  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 06:35:01 AM
Hope bitstamp's engine is up to this ... last time we saw these volumes the POS closed up shop for two days ....
1082  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 06:07:13 AM
Is this what it felt like in the 2011 crash or nowhere near it?

Can anyone draw any parallels to the current sentiment?

I'd say we are not there yet ... too many bulls still ...
1083  Economy / Service Discussion / Re: Gox Gone, Insolvent on: February 25, 2014, 06:04:08 AM
So for those of us that still had a little BTC in gox,    we are left holding the bag huh?  744K BTC is insane to 'vanish'   Its hard to comprehend.

So the long term plan is that they plan to pay us back?   With fees/commissions?  over years?!



Wouldn't that many bitcoins moving around have been seen on the blockchain?

.. i think they mean vanish as in lost the private keys, deleted the back-ups or sent to black-hole addresses. Like 744k btc gone poof!

Like the 17,000 at that euro exchange BitcoMat that was in the cloud ... and then vanished into the aether apparently. http://siliconangle.com/blog/2011/08/01/third-largest-bitcoin-exchange-bitomat-lost-their-wallet-over-17000-bitcoins-missing/
1084  Economy / Service Discussion / Re: Gox Gone, Insolvent on: February 25, 2014, 05:55:29 AM
Gox has been proved incompetent since June 2011.

Anybody who lost money there has had long and fair warning. Not to mention you just lost control over all those identity documentations and all records of your bitcoin transactions into govt. surveillance dragnets at least, probably criminal hands also (if there is any distinction these days).

... bitcoin and fiat exchanges will never mix, they are like oil and water.
1085  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 05:29:50 AM
Mother of all bull traps about to start. Cheesy

... ya think? feel lucky punk?

... if gox has truly physically destroyed 744k coins then money supply has just been decreased by ~6%  ... chew on that.

Say it isn't so Mark? You deleted the cold storage wallets, really? WTF!?
1086  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 05:25:00 AM
Welcome to Hell....

... actually it is not as bad as you imagine.

How many IRS claims are now going to have "Goxxed" in the bitcoin losses column?

I might just have lost all mine there ... who knows? Mt. Gox just sucked 12.5 million bitcoins into a massive blackhole of
Code:
sudo rm -rf /
fail
1087  Economy / Speculation / Re: I'm about to capitulate - WTF is going on? on: February 25, 2014, 05:20:31 AM

You, and hundreds of thousands others like you, just got goxxxxed.

It has been happening since June-2011 with regularity.
1088  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 04:20:01 AM
At the minimum a ratings agency for exchanges and Coiinbase and anyone else who secures bitcoins for others has a ready-made market.

An it is easy to do with the blockchain balances provable.
1089  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 03:44:24 AM
Oh no ... should have mentioned "don't try this at home".

Karpeles finally finished ... thought I was serious

Code:
sudo rm -rf /

and GOX is goooone.
1090  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 03:37:18 AM
Wait ... all is not lost.

I heard thru the grapevine that Mark Karpeles is going to try rebooting his laptop ... the original one not the loaner from blockchain.

Things might be okay after that.
1091  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 03:26:16 AM
GOXXXXXXXXXXXXXXXED!

... you idiots fall for this crap every time guys. Stay away from the exchanges, they are the old new.
1092  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 02:35:22 AM
Ok, this is really, truly the latest "Gox Status Crisis Update Report" .. straight from head office, CEO, CTO, CIO's round table discussion documented; stamped meeting of the minds, poobahs eyes only.

Mark Karpeles is going to get a new laptop, yes you read that right! Blockchain.info will lend him one of theirs and it is the latest model.

It should take some time for the new laptop to re-index the blockchain but it will be quicker than the last time. So maybe in 14 days time we can tell if the DB is synchronised properly with Mark's new laptop and everything will be golden guys.

Sit back and enjoy the ride Smiley
1093  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: February 25, 2014, 01:51:40 AM
Anarchy does not imply chaos or disorder.
Yeah... and who's going to enforce that, preventing chaos?
Emergence. Spontaneous order.
Much lol.
Faith.
Lol.
So that's a coherent counter-argument?
Or shall I wipe your dribble up after I translate for anybody older than 5?
Are you implying that your "it will work out without any intervention, people are fine and good" is a serious argument?
Really?


Have you done much reading of history? It works fine and better than every other system tried to date. It is the only correct answer you ignorant fool.
Begin with such stunning periods as the Enlightenment. Adam Smith, "Wealth of Nations" ... frankly I don't know why I bother you are so far off the pace to be something of a lost cause really.

You offer zero counter argument except for some dumb rhetorical, empty queries. At least pretend to be curious.
1094  Economy / Service Discussion / Re: Instawallet claim process on: February 25, 2014, 01:46:28 AM
The moronic haters are back, spreading FUD about hard working bitcoin businesses trying to get their job done.

Please post the following if you believe in transparency as you say (and links to BTC blockchain.info addresses proving your words, as you request from claimants);

1) how much BTC you lost due to the supposed 'hack' of Instawallet ?

2) how much BTC you have paid out to 'legitimate' (as defined solely by yourselves) claimants?

3) how much BTC remains to be paid back to 'legitimate' (as defined solely by yourselves) claimants?

3) how much BTC of Instawallets original deposits remain in Paymium and/or Bitcoin-Central's and/or davout's private stash possession?

4) how much BTC belonging to claimants who have been deemed unworthy by yourselves be directed towards subsidising your chosen claimants OR retained in Paymium's, Bitcoin-Central's or davout's stash?
1095  Bitcoin / Bitcoin Discussion / Re: NY just announced a MANDATORY Bitcoin license - if this concerns you sign this. on: February 25, 2014, 01:36:45 AM
http://www.coindesk.com/market-based-reactions-new-bitcoin-regulation/

Quote
Ultimately, society can have hope that if privacy becomes disrespected, the market can and will provide cryptographic solutions to restore the balance. If Bitcoin is to succeed, that is the real challenge for the talented individuals and leading companies in the Bitcoin ecosystem.

http://irdial.com/blogdial/?p=3666

Quote
Some say that Bitcoin is money. Others say that it is not money. It doesn’t matter. What does matter are two things; that the Bitcoin network does what it is meant to do completely reliably, and what the true nature of the Bitcoin network and the messages in it are.

Bitcoin is a distributed ledger system, maintained by a network of peers that monitors and regulates which entries are allocated to what Bitcoin addresses. This is done entirely by transmitting messages that are text, between the nodes in the network, where cryptographic procedures are executed on these messages in text to verify their authenticity and the identity of the sender and recipient of the message and their position in the public ledger. The messages sent between nodes in the Bitcoin network are human readable, and printable. There is no point in any Bitcoin transaction that Bitcoin ceases to be text. It is all text, all the time.

Bitcoin can be printed out onto sheets of paper. This output can take different forms, like machine readable QR Codes, or it can be printed out in the letters A to Z, a to z and 0 to 9. This means they can be read by a human being, just like “Huckleberry Finn”.

At the time of the creation of the United States of America, the Founding Fathers of that new country in their deep wisdom and distaste for tyranny, haunted by the memory of the absence of a free press in the countries from which they escaped, wrote into the basic law of that then young federation of free states, an explicit and unambiguous freedom, the “Freedom of the Press”. This amendment was first because of its central importance to a free society. The First Amendment guarantees that all Americans have the power to exercise their right to publish and distribute anything they like, without restriction or prior restraint.

TL;DR unlikely any type of "BitLicense" or any other bitcoin regulation would survive First Amendment court challenge because it is, after all is said and done, just plain text, unencrypted bits.
1096  Economy / Service Discussion / Re: Instawallet claim process on: February 24, 2014, 09:30:37 AM
so i take it we should contact you again ?

No, you should approve the payout offered with regards to the claim you made during the claims period, if any.

... that's the sound of the scam trapdoor closing right there, if you were wondering.
1097  Bitcoin / Press / Re: [2014-02-23] PayPal President David Marcus -"I Really Like Bitcoin” on: February 24, 2014, 06:57:30 AM

David Marcus is solid. Enough BS and defamation please ...
1098  Economy / Economics / Re: Price of gold manipulation on: February 24, 2014, 12:44:54 AM
Quote
Again, I'm telling you, the whole story was leaked to the goldbugs so that they can get excited with the elite playing the delivery card in the future and crashing the goldbug speculation + reputation.

This is obviously just a made up theory.

The "story" arose because of a citizen's action initiative in Germany that asked to audit Germany's gold reserves. That then escalated when it was found out him much of Germany's gold was not actually in Germany and then a group of politicians and citizens took up the cause to repatriate the gold. It is all well documented in Der Speigel if you were truly following the 'story'.

No conspiracy or "leaked story" for those 'crazy goldbugs'. Try harder for another meme?
1099  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: February 24, 2014, 12:22:24 AM
Anarchy does not imply chaos or disorder.
Yeah... and who's going to enforce that, preventing chaos?
Emergence. Spontaneous order.
Much lol.
Faith.
Lol.


So that's a coherent counter-argument?
Or shall I wipe your dribble up after I translate for anybody older than 5?

Edit: http://www.youtube.com/watch?v=7mY-0ZwR-aY Cypriot bitcoin bank springs up from the free market ... not a regulator or bureaucrat needed to create, how amazing?!
1100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2014, 09:37:25 PM
Ok, it seems like Karpeles' laptop has finally finished re-indexing the blockchain (took 16 days).

Next, he will re-launch the bash-PHP mash-up script that is the Gox 'trading engine' ... and bitcoin will soar to new ATH.
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