I decided to move this thread to Trading Discussion since it is alluding to MtGox. Thanks for your insight, although personally I tend to trust MtGox. Here is a recent chatlog from #mtgox at Freenode: http://privatepaste.com/e1fc69433e/mtgoxxedtl;dr: legal problems with US(D) withdrawals only, to be resolved this month |
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I got it, the Micky Mouse BTC and USD are actually MtGox BTC and MtGox USD.  In all honesty Mike, do you believe MtGox is insolvent? And if yes, how/when do you think did they become insolvent? |
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Why do AML/KYC?
Mt.Gox handles both Bitcoin and fiat currency (Dollars, Euros, etc.) As a result, we are bound by the laws of Japan and America, along with various international regulations which cover the fiat side of our business. Very similar to how a bank in most countries must be regulated to ensure they are not facilitating money laundering, terrorist financing or the like, we are obliged to follow the same rules.
Oh please enough with the state propaganda bullshit. Why don't you tell it like it really is. You are not obliged, you are forced under threat of violence to gather information about your customers so that governments around the world can control what your customer's money is being used for. "Money laundering, terrorist financing or the like" are victimless crimes the state invented as a way to gain even more control over the people they assert their rule over. You can't imagine the angry thoughts that go through my mind when I read bs propaganda like this, I'm pretty sure if they already tried to attack people for thought crime I'd get the capital punishment.  You can't imagine the angry thoughts that go through my mind when I read this bullshit libertarian and anarchistic off-topic propaganda. just because you a little afraid kid, paranoid about the big bad government, that is actually trying to make you safe and comfortable, you don't have to spray your fuck system shit around this forum at all time. I agree, can we leave the libertard propaganda out of a factual discussion like this? Go to Politics & Society and rant there. I don’t need to read the "TAXATION IS THEFT! INFLATION IS THEFT! AT GUNPOINT!" in such a thread. Your kind is the worst possible publicity for Bitcoin. |
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Since nobody seems to be reading the verify@bitcoinica emails I agree with Kokjo and kindly remind you to send me my 101 BTC to: 1ET2ps7BRrZnDeq7bVNc8bS9ZmgN8DxUXy - consider the BTC pocket change you owe me and my 3 cents USD a going away gift.
I respectfully do not care who pays for it, and this is not a trivial amount to me. You're not the only one with tuition fees to pay.
Afterwards, I promise to stop asking you on this forum for what is rightfully mine. Thank you.
You speculated with tuition money (money you cannot afford to lose), and did so on a bucket shop built in 4 days by a 17yo that was hacked 2 times before this? D00d. Even though I am quite sure people will get back their funds, I don’t feel sorry for the prospect of anyone possibly losing money on this because noone should have left any non-expendable money there. People need to do a bit more due diligence on the businesses they leave their BTC with. @proudhon I think the market just prices in a myriad of scams and hacks now per default. So perhaps when we have a few months of no major scam/hack, the price could rise. |
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I signed up in early April before the official announcement was made. Thought it was a good idea to earn some interest on BTC, so I had no open positions whatsoever. If the company was long sold by then I critizise strongly that such mundane information as a fricking CHANGE OF OWNER was withheld from the customers for weeks if not months!!!
6 months, the company was secretly sold in November according to zhoutong. |
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Bitcoinica is a regulated entity, verifiable by government records. We are one of the most legitimate businesses in Bitcoin community, by any standard.
If this latter part is true, we might have a problem. |
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Bitcoinica did not listen. They should have done this at day #1 or #2 of the hack to ensure an unforged database. Now it is too late to guarantee that. And since they came out with the db loss before the claims were finished, the process is likely to be wholly fucked up with indistinguishable fake claims. I for one will be very surprised if they manage to get out of this solvent: a) People suing Bitcoinica because they claim not to have been reimbursed properly, or their position was liquidated b) Bitcoinica paying out more than it actually owes since they cannot verify ownership to 100% c) Price possibly getting more volatile so that the range they will liquidate people at will be greater |
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I don't know where I have seen this before but some studied I have seen shows that women are in general risk averse in investing, driving, etc, then males and if the theory extrapolates into the tech field they tend to get involved way past the early adopter phase of an industry or product.
Correct. Evolutionary, this is because men who went hunting had to be the risk takers. Also, men are more expendable than women for having offspring. Important is also that they could not afford to be "radical" because they could not risk being outcasts as they needed to raise children. Same thing is seen today, though I think there is also a large societal aspect. Typically, it’s women who seek approval and afraid to stand alone in something unproven while men are more likely to not give a shit about the opinions of others. As a result, the group is more "streamlined" and uniform than men. There are fewer anomalies, for example extremely intelligent or extremely stupid ones. |
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IMO Bitcoin doesn't care about users gender and neither should we.
Could not agree more. There is obviously little to no interest for Bitcoin or even the GLBSE by women because it intersects with traditionally male-dominated areas of geekiness and finance. What could we possibly do about it if they simply are not interested? |
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I think the difference between us is that I have a far lower opinion of my fellowman than you.
I've often noticed that apologists for the state have low opinions of their fellowmen. Contempt, even. The old saying of "it takes one to know one" springs to mind. Those who cherish freedom and voluntaryism, on the other hand, tend to respect their fellowmen and can see the great potential of human nature if unchained. I’m with Hawker. Since humans are animals, violence, theft and even rape is inherent. I cannot imagine privatized law, justice and execution not ending in terrible disasters caused by faulty incentives (it’s all about who pays best). The only thing that would change my mind is an anarchist society that actually ends up being prosperous and peaceful. And of course doesn’t collapse within years because a state forms. This has never happened in history, so the burden is on the anarchists to show it can work and most importantly, be sustained. |
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There has been no suggestion at all that glbse will "lock" you out of your account. That is simply FUD and not how Nefario operates.
This is not the first time Nefario has locked someone out of their account :/ No one has been locked out of their account. But it has happened in the past. You basically announced your GLBSE’s email account password in public, as seen in this message: https://bitcointalk.org/index.php?topic=75047.msg831580#msg831580I was the one who immediately reported your post to have it deleted. PS: I am looking forward to your "100% free market" p2p stock exchange which avoids the pitfalls of centralization. Although I am of the conviction that decentralized markets are inefficient and therefore will not be the use of choice, it is probably easier to accomplish than a p2p currency exchange which has to handle external fiat money. Apologies for the offtopic, Kluge. |
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1. Build Bitcoin bucket shop in 4 days 2. Start a thread on HN just to ignore all the advice 3. Have huge spreads and make a buttload while zhoutonging people 4. Find a bagholder "investor" because you know that Bitcoinica is going to blow up eventually 5. Get doubly rich, give up responsibility over Bitcoinica 6. "Forget" to announce the change of ownership for 6 months 7. Have a dirty PR campaign to blame Intersango for your incompetence 8. Everyone still likes you and wants you to run Bitcoinica again, thinking you are a genius  |
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How can anybody argue gold is not in a bubble with its parabolic graph?
Do you all really think this parabolic move is purely inflation, not appreciation?
This is without delving into my experience that everyone is sucking up the story of "paper is worthless, keep stacking for the inevitable collapse", producing armies of bagholders. Everyone is telling me how gold is the best and safest investment ever, I see lots of ads, etc.
My view is that the western world will never again revert to a gold or gold backed currency, therefore I view it as unlikely that the fantasy that everybody will come flocking to gold will come true.
Even in a total collapse, I would rather have food and water instead of gold.
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The Three Marketeers unite! "Muppet armies: Let's roll."
---
Someone needs update the rather amusing picture of the three Bitcoin Consultancy bozos which popped up yesterday.
Here you go. It is remarkable that all of our paid analysts managed to agree on one thing.  |
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The Three Marketeers unite! "Muppet armies: Let's roll."
The Dash for (Digital) Cash.  Personally I love metals for their shininess, but I would be afraid of alchemy’s millenia old dream coming true eventually. |
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@zhoutong
So the accounting stuff says I had some past balance or deposit and the amount of funds I claimed was in the ballpark of this. What now? My fake claim still goes through.
Let me make myself very clear here.
There is but ONE solution where Bitcoinica does not necessarily go bust.
You have to retrieve the database!
Do it either by posting a bounty or by catching the hacker.
Every passing day without database increases the likelihood for it to be entirely forged once it is released!
Blitz out.
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Soooo you submitting a withdrawal request for 1k BTC when you only had 10 is really going to work? Because it seems to me that they have plenty of logs as well as a blockchain to reference. I think you are overstating the risk.
You think they would be trying to scramble together whatever little piece of HINT of data they have if that really were the case? I think you are severely understating the risk. But I see that some people like this approach (the people getting the free money?), so why not. But don’t be surprised when Bitcoinica gets sued into oblivion. edit: sorry, I just wanted to make VERY clear that without the database, they are doomed. |
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YOU BETTER SOMEHOW RETRIEVE THE DB FROM THE HACKER OR THIS IS GOING TO END UP IN DISASTER!
It's not a disaster already? I mean insolvency style disaster. 18.5k BTC is nothing. What are they going to do if (and it is not really "if" – when it comes to money, people will do it if they can get away with it) there are a few hundred cunning people like me who thought the same on 20th of May? Read my IRC log. What are they going to do once the deposit claims total 500k BTC, most of them being from 100+ points users? There are only so many funds, and the fight over them is ON. Better find a way to retrieve the database before they go broke, no? |
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