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NotLambchop
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December 03, 2014, 12:58:47 AM |
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MtGOX: Report on the 2nd meeting of former clients with the bankruptcy trustee Kobayashi: http://www.mtgoxprotest.com/Some highlights: * Kobayashi is trying to recover 13 M USD that Mark took from MtGOX for services, loans etc -- but he is resisting. * The auditing firm concluded that the MtGOX database has been adulterated, and they don't know what to do. * Kraken paid 300'000 USD to Kobayashi (not the other way around) to have a role in the investigations. Ah, teh intoxicating intrigue of international finance  My name is Kobayashi. I work for Keyser Soze. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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hmmmstrange
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December 03, 2014, 12:59:18 AM |
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Anyone have approx date when this happened 2 yrs ago? Is that the first time difficulty has ever adjusted downwards?
No, but it's been just under two years since it last happened. Second week in Feb 2013 |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 03, 2014, 12:59:32 AM |
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Is that the first time difficulty has ever adjusted downwards?
Nope, it has happened many times before. But I think last time was february 2013. So it's the first time since the ASIC invasion started. It's quite a healthy sign because it shows that even that market is price sensitive. There was some worry that chinese farms with subsidized electricity and facilities would make it impossible for anyone in the West to compete. Then we would have had virtually all of the mining capacity inside the chinese "intranet". Which would be bad. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 03, 2014, 01:00:55 AM |
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bitcoinmining
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December 03, 2014, 01:06:23 AM |
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Compare this to October of last year when blocks were generated at close to 7 minutes per block. That means now the network generates about 62 fewer blocks per day than last October. This is equivalent to 1550 BTC less influx in bitcoin supply per day which means significantly less selling pressure in the market.
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It takes about $1.33m of new fiat money coming into the bitcoin economy to buy up the total bitcoin supply increase of about 3600 BTC per day. This is the lowest dollar amount it's been in a year and the lowest BTC amount it's been in almost 2 years. In light of all this, I am strongly bullish. Thank you for sharing that, we're all strongly bullish!  |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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December 03, 2014, 01:08:56 AM |
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I'm pretty sure the bulls have the upper hand and have had for the last couple of months, but the bears are not defeated.
2015 should be fun:)
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NotLambchop
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December 03, 2014, 01:10:17 AM |
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I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.
Why would anyone have thought that? Because they're smarter than a fruit fly? But it doesn't make sense, if they were going to sell them below market, why not just sell them at market. The coins were sold at a government auction--that's how the US government liquidates this sort of stuff. Bitcoin, shit speedboats that couldn't get up on plane because runner too greedy and overloaded them--check out US Marshals auctions. Everything fetches premium, because prestige  *Other than the begging "Why would anyone sell anything at an auction," selling a large chunk of coin on an exchange causes slippage. |
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BitChick
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Activity: 1148
Merit: 1001
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December 03, 2014, 01:18:04 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. |
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DaRude
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Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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December 03, 2014, 01:21:18 AM |
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 Coinapult ? BTC over SMS anyone? |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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December 03, 2014, 01:22:06 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. @ NotLambChop Any questions?  |
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NotLambchop
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December 03, 2014, 01:24:54 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. ... Yes He does and He sure is, sister BitChick! But who do you suppose made you lose your family's money? Could it be...  |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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December 03, 2014, 01:28:18 AM |
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Score Edit: EVIL |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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December 03, 2014, 01:36:38 AM |
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soon we will discuss religion instead of "Bitcoin price movement tracking & discussion"
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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December 03, 2014, 01:37:38 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. so. hard. to. not. troll. you. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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December 03, 2014, 01:38:43 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. so. hard. to. not. troll. you. For heaven's sake |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 03, 2014, 02:00:57 AM |
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WoopDeBoop
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December 03, 2014, 02:02:30 AM |
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so. hard. to. not. troll. you.
Why do you take others beliefs so personally man. Chill, live and let live. |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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December 03, 2014, 02:15:10 AM |
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so. hard. to. not. troll. you.
Why do you take others beliefs so personally man. Chill, live and let live. Trying! |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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December 03, 2014, 02:20:14 AM |
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Poll
