Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[hdbuck]

New update on www.mtgox.com:

March 4, 2013


No forced execution or preliminary attachment or disposition shall be made by a rehabilitation creditor on the basis of a rehabilitation debt with regard to the properties of the rehabilitation debtor during the period until a decision shall be made with regard to the application for commencement of civil rehabilitation.

What language is that?

Karpelese

lmao

Mark rulezz 

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[cee-euros]

New update on www.mtgox.com:

March 4, 2013

Comprehensive Prohibition Order Judgment Announcement Rehabilitation debtor MtGox Co., Ltd. received on February 28, 2014 a comprehensive prohibition order from the Tokyo District Court. Following the instructions of the Court, the text of the judgment is hereby published:

No forced execution or preliminary attachment or disposition shall be made by a rehabilitation creditor on the basis of a rehabilitation debt with regard to the properties of the rehabilitation debtor during the period until a decision shall be made with regard to the application for commencement of civil rehabilitation.

thanks for the post
what does it mean?
more waiting?

[oda.krell]

Oh you, popular media... you never cease to me amaze me with you sleazy reporting





TIL that being a "Bitcoin fan" makes you suicidal.

[ShroomsKit_Disgrace]

Oh you, popular media... you never cease to me amaze me with you sleazy reporting





TIL that being a "Bitcoin fan" makes you suicidal.

This morning, i read something like "The CEO of Bitcoin commits suicide after losing millions of $, from costumers."

Offensive at its finest...

[HairyMaclairy]

Ummmm.  Satoshi has been found. 



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

[dreamspark]

Take it most people have seen this newsweek article ?


 http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

[soullyG]

New update on www.mtgox.com:

March 4, 2013

Comprehensive Prohibition Order Judgment Announcement Rehabilitation debtor MtGox Co., Ltd. received on February 28, 2014 a comprehensive prohibition order from the Tokyo District Court. Following the instructions of the Court, the text of the judgment is hereby published:

No forced execution or preliminary attachment or disposition shall be made by a rehabilitation creditor on the basis of a rehabilitation debt with regard to the properties of the rehabilitation debtor during the period until a decision shall be made with regard to the application for commencement of civil rehabilitation.

thanks for the post
what does it mean?
more waiting?

I believe it is saying that any money/Bitcoin owed to people by Gox, will not be given out till after the bankruptcy/"civil rehabilitation" has been finalised (i.e. after all the lawyers and others have taken their cut). Not sure though

[JayJuanGee]

Thankfully I had not yet gotten around to ignoring kkaspar yet, so I saw this.  Of course I have to ignore him now that he caught my attention, since he is a troll who adds nothing of value, regardless of viewpoint.  Having seen the accusation of mendacity, I reply.

including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.

Billions of dollars? Really? That's hype on a whole new level.

Really.  I can enumerate a billion in ventures without trying hard.  It's only a thousand millions, and a 5-10 million startup is begun practically every week.  Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net.  BTC turns over 6 times annually.  For each dollar of recurring cash flow multiple dollars of investment are rationally expected.

yeah try again. LIAR

-> http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/

On the Bitcoin side, the $97.5m in venture capital that has been publicly reported underestimates the total, which would include unreported venture investment, by tens of millions of dollars. (...) Finally, it has been estimated that upwards of $200m has been invested in bitcoin mining hardware and infrastructure to date, a figure which exceeds even a less conservative estimate of the total venture capital invested in bitcoin to date.

we're far from a billion 

I am a liar, but you don't qualify to call me one, hd.  In a more romantic world (not necessarily a better one) we would be drawing pistols at dawn.  I know I am a liar, because I have to wage war against myself every day, to stay on a path of truth.  I admit to indulging all too much rhetoric, by purely rationalistic standards (but definitely not by romantic ones).  More struggle remains, I guess.  But that rhetoric is not intended to deceive, and if I am in factual error I am eager to correct it, if only to steel my rhetoric against facile attacks by nattering nabobs of negativity.

I played loosely with words, and you called me out on it.  For that I commend you, in that it was an excellent call, accurately identifying your perceived opponent's weakness, and maximizing it to your perceived advantage.   I say perceived because I believe that, in fact, your own interests would be better served by seeking win-win collaboration and value-enhancing synergies than by exercising your oppositional personality disorder.

It would not, in fact, be "easy" for me to enumerate a billion in ventures full stop.  I would have to include "miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net".   Correction made.

One small aspect of the brilliance of bitcoin in its conception and execution is that it aggregates to its own agenda the resources previously dedicated to the fiat economy.  While resources freshly allocated to bitcoin may be less than 2 billions (but certainly more than 1 billion, and hence deserving of the term "billions", rather than "millions", which would be mendaciously misleading) the resources now commanded by bitcoin, subservient and leveraged to its design goals, are on the order of tens of billions in USDnow terms.  If bitcoin achieves its maximum conceivable penetrative success, without the expense of more than X USD of fresh purposefully dedicated infrastructure, it will have done so my commandeering trillions is pre-existing infrastructure, and re-purposing it.

By the way, hd, your attack, while well placed, lacked force.  You quoted (to your credit) parts of the source which supported my position, and the conclusions of the quote were weak refutation, if they even qualified as refutation.  The source enumerates 300 millions and explicitly states that this underestimates the total.  Moreover the source does not include resources which I explicitly mentioned (without estimating).  If the source were to underestimate by a factor of 3, it would not be incorrect as a result, thus both the source and my statement can be simultaneously true.  Thus the source is no refutation at all.  (That you choose obsessive oppositionalism over a synergetic approach, which would seek to extract what valid truth can be found instead of finding fault where perfection is lacking - everywhere, in fact -  is probably not doing you good service.)

I should not have said "easily"  but I persist that I can enumerate in excess of a billion, without excessive stretching.  This would involved many disputable numbers and perhaps even disputable resources.  They would still be enumerated, and their total would still be serving the interests of bitcoin's design, some in a dedicated manner, some in a multipurpose manner, the latter mostly inherited from pre-existing infrastructure, but fractionally co-opted by bitcoin.  It would also include ventures not considered in the total reported by your source.

(If both law and principle prevent me from defending myself with lead or steel, I can at least man up enough to use the tongue granted me, in the most temperate but penetrating manner which I can promptly muster.)

You can summarize this long rant into "I'm right, even if I'm not right". Religious nuts like these create more harm then good to bitcoin imo.

That is NOT religion.  It is an itemization of sources to support an argument.  Every source does NOT need to be specifically known with exactitude in order to support the general idea behind the argument that ultimately is NOT a religion but instead a support for a direction and a prediction of a direction.  

The ultimate prediction in this scenario is based in a reality (not religion) that the bitcoin network is expanding and resources are continuing to be allocated towards bitcoin networking resources.  And, maybe in the end, a more fair characterization of the current expansion of the bitcoin network would be to suggest that current investments into the bitcoin network are in the hundreds of millions dollars and arguably into the billions with every day increasing amounts of investments being allocated thereto.  And, really an attempt at distraction based on technical points (about whether it is millions or billions or gazillions) that are irrelevant to the main argument that the bitcoin network continues to expand which is ultimately going to affect its price in an upward direction in BTC price.. so hang on for those ongoing price increases... and hang on for the continued expansion of the bitcoin network.. which does NOT seem to be slowing down in any material way.

[soullyG]

Ummmm.  Satoshi has been found. 



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, that's big news if it's true!

[N12]

Well, everyone with funds stuck at Emptygox, you now know who to contact to bail you out.

[HairyMaclairy]

Ummmm.  Satoshi has been found.  



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, that's big news if it's true!

If what the article says is true I have the greatest respect for him.


He won't be happy at being found though.   

[Nemo1024]

Ummmm.  Satoshi has been found. 



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, that's big news if it's true!

Can someone post a re-print?
I clicked on the link and got "You have reached the limit of 5 free articles a month" even though I never visited their site before!

[dreamspark]

Ummmm.  Satoshi has been found.  



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, that's big news if it's true!

Can someone post a re-print?
I clicked on the link and got "You have reached the limit of 5 free articles a month" even though I never visited their site before!

Way too long to quote

http://pastebin.com/6HeKuibE

[TERA]

Ummmm.  Satoshi has been found.  



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

From article:

Even so, Bitcoin is vulnerable to massive theft, fraud and scandal, which has seen the price of Bitcoins whipsaw from more than $1,200 each last year to as little as $130 in late February.

I hate reporters!!

[ShroomsKit_Disgrace]

Ummmm.  Satoshi has been found.  



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Wow, that's big news if it's true!

If what the article says is true I have the greatest respect for him.


He won't be happy at being found though.   

Being this true or not, this poor oldman is going to have some issues right now, i.e. ppl trying to break into his house to steal private keys or whatever... Moreover, if he is truly the creator of Bitcoin, this is probably very bad news, since he will be forced to "cash out" some of his millions of Bitcoin just not to get kidnapped or killed. In other words, market crash incoming if the article is true.

[dreamspark]

If its true I'm really disapointed.

How long till a daughter gets kidnapped for ransom or something similar. In fact if its not him the hassle about to land on this guys head is unfathomable.

The strangest thing to me is that he goes on about him being a private secretive man so why would he use his real name?

[JayJuanGee]

You can summarize this long rant into "I'm right, even if I'm not right". Religious nuts like these create more harm then good to bitcoin imo.

This could be said of you as well.

Whats up with intelligent people arguing desperately against bitcoin in a bitcoin forum like Jorge Trollfi and you, kkaspar?
Is there a point in shouting bitcoin will fail to a group that mostly believe in bitcoin? What if you actually turn out to be right?
You gain absolutely nothing from this. And don't come with the "I'm only here to help" argument. Thats utter bullshit

It does become very diffcult to understand their purposes in being in these kinds of forums, and maybe in the end they are merely paid by some big bank or something to undermine bitcoin and to spread disinformation and to distract us from engaging in meaningful discussions about bitcoin.

[FierceRadish]

Ummmm.  Satoshi has been found. 

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

Uh oh. Tinfoilers going to have a field day with this comment:

He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military.

I mean, MODEL TRAINS? What could be more sinister?  

[HairyMaclairy]

Ummmm.  Satoshi has been found.  



http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

From article:

Even so, Bitcoin is vulnerable to massive theft, fraud and scandal, which has seen the price of Bitcoins whipsaw from more than $1,200 each last year to as little as $130 in late February.

I hate reporters!!

Yeah it went down to $102.  Get it right guys !

No immediate impact on market.  Could put the wind up people that he is actually real though. 

[oda.krell]

Guys, did you actually read the damn article?

Here's what seems to be the "proof" that the writer really identified (and met) Satoshi:

Tacitly acknowledging his role in the Bitcoin project, he looks down, staring at the pavement and categorically refuses to answer questions.

"I am no longer involved in that and I cannot discuss it," he says, dismissing all further queries with a swat of his left hand. "It's been turned over to other people. They are in charge of it now. I no longer have any connection."

...

A "tacit acknowledgement" by looking down, and a quote that I'm nearly sure is not in any way recorded.

Yeah... I'm going to wait that one out.