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

[FierceRadish]

The vultures are descending. You need to understand how journalists think. I was on my college newspaper, so I have a little experience.

This article http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3

is going to be used as a rationalization that Dorian Nakamoto is a public figure, and therefor not subject to the legal protections provided to private citizens.

They are going to hound this man. He needs to lawyer up in a hurry.

I simply cannot believe that the man who wrote this:

"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."

Also wrote this:

"the parking fee + gasoline costs $10 now to get there from my home and i would go there more often with my mother for shoppings."

Journalism is a cutthroat business and they only need the slimmest of pretexts to do awful things to people.

Yes, I get that. But I'm pretty much saying that they've got the wrong guy. And the fallout, for him, will indeed be pretty awful for a while.

[1714751529]

1714751529

[1714751529]

1714751529

[derpinheimer]

Oh dear..

[mmitech]

Look at the precision which satoshi used when writing his posts.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts

Punctuation and grammar is sophisticated and exact.

Then look at the letter on this page
http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3#ixzz2vCSq2huK

No way, these are by the same person.

how do you know that was Satoshi who wrote that, I can make a better picture than the one above and sign it with his name, also everything on that story fits perfectly to that man, I am almost convinced that is him...

and by the way, he used his real name, nice move last thing expected....

[JayJuanGee]

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

Actually, on the 21st February on MtGox (death spiral), it went down to 92$. Speaking of getting it right... 

These ups and downs have to be more descriptive in the media to be accurate (I am NOT holding my breath) - b/c it is really misleading to suggest bitcoin went down to $92 in any meaningful way, when it only went down to $92 on one exchange in which many people did NOT have access to such $92 prices b/c money was NOT easily moved in or out.  

And at the same time, overall BTC did get into the lower $400s at some point after the shutting down of GOX, yet when GOX was at $92, overall BTC was in the upper $500's I believe.   And, as far as the $102, that was a flash crash on BTC-e.  If a person had set their buy orders, low, then those people could have benefited from the $102 flash crash; however, the flash crash took place so quickly that it would have been difficult to place a buy order, while the flash crash was happening.  I was on BTC e website at the time, and I saw that prices go from $610-ish to lower $500s, I was NOT looking at my screen when it went lower than that, and I had NO idea until later.  

[theonewhowaskazu]

ok so quickly could someone tell me how this story holds any water whatsoever?

So all I have to do is find some random guy who's name is satoshi and a fairly unknown history, pay him like $50 and make him feel important, get a couple of juicy quotes, post an article and have millions of readers who instantly believe me?

And here I thought the bitcoin community was inhumanly skeptical, yet they randomly choose to believe this at face value?

[JorgeStolfi]

The question is whether that reporter owns any bitcoin.  If she does, obviously we cannot trust her.  Her story would carry as much weight as Roger Ver's audit of MtGOX's finances. 

[seleme]

Look at the precision which satoshi used when writing his posts.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts

Punctuation and grammar is sophisticated and exact.

Then look at the letter on this page
http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3#ixzz2vCSq2huK

No way, these are by the same person.

Double space after punctuation is same though. It's rare to see someone to hit double space after it and it's there on both satoshi's posts and that letter.

[theonewhowaskazu]

The question is whether that reporter owns any bitcoin.  If she does, obviously we cannot trust her.  Her story would carry as much weight as Roger Ver's audit of MtGOX's finances. 

What if she's short, and thinks it'll make the price go down? What if she has other financial incentives (pay based on how many people read her page)? Honestly this just sounds like complete and utter BS.

[KFR]

Jorge you're turning into fonzie.

[Miz4r]

ok so quickly could someone tell me how this story holds any water whatsoever?

So all I have to do is find some random guy who's name is satoshi and a fairly unknown history, pay him like $50 and make him feel important, get a couple of juicy quotes, post an article and have millions of readers who instantly believe me?

And here I thought the bitcoin community was inhumanly skeptical, yet they randomly choose to believe this at face value?

People who sold their coins or are looking to buy in would love this to be true because it would create speculation about SN cashing out his coins. I think most reasonable people would raise an eyebrow or two at this story first. But this is the speculation forum, expect bears/trolls to grasp at any straw they possibly can.

[JorgeStolfi]

Seriously now, the part of the article that made we wince was the comment by the guard when the reporter told them who the guy was.  I do not know why, but that detail flashed a yellow light in my mind...

[billyjoeallen]

The vultures are descending. You need to understand how journalists think. I was on my college newspaper, so I have a little experience.

This article http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3

is going to be used as a rationalization that Dorian Nakamoto is a public figure, and therefor not subject to the legal protections provided to private citizens.

They are going to hound this man. He needs to lawyer up in a hurry.

I simply cannot believe that the man who wrote this:

"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."

Also wrote this:

"the parking fee + gasoline costs $10 now to get there from my home and i would go there more often with my mother for shoppings."

Journalism is a cutthroat business and they only need the slimmest of pretexts to do awful things to people.

Yes, I get that. But I'm pretty much saying that they've got the wrong guy. And the fallout, for him, will indeed be pretty awful for a while.

I don't know about that. I think it's likely that whoever wrote about train service is not the same Dorian Nakamoto, but that doesn't matter. The DM doxxed by McGrath will need money for lawyers and security to protect himself and his family, which means that if he really is SM, he may need to sell some BTC, which would rattle the markets.

[meanig]

Look at the precision which satoshi used when writing his posts.

https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts

Punctuation and grammar is sophisticated and exact.

Then look at the letter on this page
http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3#ixzz2vCSq2huK

No way, these are by the same person.

how do you know that was Satoshi who wrote that, I can make a better picture than the one above and sign it with his name, also everything on that story fits perfectly to that man, I am almost convinced that is him...

and by the way, he used his real name, nice move last thing expected....

A big piece of evidence that's missing is a link between this guy and crypto mailing lists. The real Satoshi was heavily influenced by cryptographers that went before him so I would have though it highly likely that he would be a subscriber to these lists.

[niothor]

Jorge you're turning into fonzie.

I would rather have fonzie turning into Jorge.

[Dalmar]

Satoshi playing CCMF:

[derpinheimer]

Satoshi playing CCMF:

I lol'd way too hard at your caption.

Thanks

[bootlace]

The vultures are descending. You need to understand how journalists think. I was on my college newspaper, so I have a little experience.

This article http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3

is going to be used as a rationalization that Dorian Nakamoto is a public figure, and therefor not subject to the legal protections provided to private citizens.

They are going to hound this man. He needs to lawyer up in a hurry.

I simply cannot believe that the man who wrote this:

"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model."

Also wrote this:

"the parking fee + gasoline costs $10 now to get there from my home and i would go there more often with my mother for shoppings."

Journalism is a cutthroat business and they only need the slimmest of pretexts to do awful things to people.

Yes, I get that. But I'm pretty much saying that they've got the wrong guy. And the fallout, for him, will indeed be pretty awful for a while.

I don't know about that. I think it's likely that whoever wrote about train service is not the same Dorian Nakamoto, but that doesn't matter. The DM doxxed by McGrath will need money for lawyers and security to protect himself and his family, which means that if he really is SM, he may need to sell some BTC, which would rattle the markets.

Here are some reviews on Amazon by Dorian S Nakamoto:

http://www.amazon.com/gp/pdp/profile/ATILATX3PEXZ4/ref=cm_cr_rdp_pdp

Note the difference in language...very weird.

[tailor]

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.

By meaningful do you mean "agreeable only"? Certainly that's what it looks like. And that's the cultist attitude that's so vehemently denied: shouting down all those who refuse toe the party line. Nutty conspiracy theories suggesting those not 100% in agreement are from a big bank to undermine bitcoin don't help with the image.

There's far more to be gained by having open conversation.

[pinky]

"He is very wary of government interference in general," she says. "When I was little, there was a game we used to play. He would say, 'Pretend the government agencies are coming after you.' And I would hide in the closet."

The best part.

[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's funny that you say that people are actually "arguing against bitcoin". I myself find that bitcoin is an interesting piece of software, but I also find myself arguing against the religious zealots who have gathered around bitcoin.
It's common for religious people to speak in those terms. I have often heard that if I don't agree with the Christian world view, then I'm actually against god. People aren't able to comprehend that there could be different understandings of god and if you don't accept the religious dogmas in Christianity, then you are not against god. It's not surprising to see the same mentality here.
I'm here for the same reasons then most probably are, to read and to speak my mind. I think that bitcoin doesn't need religious worshipping, so I can't see that I have to either worship it or leave. I like to keep an sober mind and take bitcoin as it is. An interesting piece of software that currently is an innovative gambling platform, but what also brought forward ideas that can trigger the start of something more."

It seems that we already determined, several times in the past day that this religious accusation that is leveled at bullish bitcoiners is bunk.