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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372589 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
empowering
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February 18, 2015, 10:28:15 PM
Last edit: February 18, 2015, 10:41:11 PM by empowering






I am just admiring the shape of your skull.
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LewiesMan
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February 18, 2015, 10:28:29 PM

All these animated gifs... Makes me wonder about the average age of bitcoiners.
What do you think this thread is for?  Grin

Well... The original poster wanted to keep this thread clean. All these people posting random pictures should be ashamed of themselves. They won't be, I know, but they should.

Sigh.... Kids.  Smiley

The original poster's family life was nearly destroyed by Bitcoin.  nThe first thing you degenerates need to do is admit that you have a problem, and then start some sort of a 12-step recovery/support group.

I even got a catchy name for you:  BP:  Bitcoiners Pseudonymous.

How was it nearly destroyed? lol

and lol at BP
LewiesMan
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February 18, 2015, 10:28:50 PM

All these animated gifs... Makes me wonder about the average age of bitcoiners.


What do you think this thread is for?  Grin

Not a place for parents to take their kids, buy them an ice cream & balloons, and spend a lazy day observing Bitcoiners in their natural habitat?




I am just admiring the shape of your skull.

It's a gif!
NotLambchop
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February 18, 2015, 10:30:47 PM

All these animated gifs... Makes me wonder about the average age of bitcoiners.
What do you think this thread is for?  Grin

Well... The original poster wanted to keep this thread clean. All these people posting random pictures should be ashamed of themselves. They won't be, I know, but they should.

Sigh.... Kids.  Smiley

The original poster's family life was nearly destroyed by Bitcoin.  nThe first thing you degenerates need to do is admit that you have a problem, and then start some sort of a 12-step recovery/support group.

I even got a catchy name for you:  BP:  Bitcoiners Pseudonymous.

How was it nearly destroyed? lol

and lol at BP

His wife took the kids & left him (not joking).  They (probably) worked it out, that's why he's not posting anymore.
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February 18, 2015, 10:33:42 PM

Feds to auction 50k BTC in March!  Shocked

Is crypto done??  Huh



Just wait for the 200.000 coin distribution to all MtGox creditors... that's when it will start to get really interesting



I guess the payout ratio will be very low, still I will certianly dump mine as soon as I have them... Hope they hurry up... it is a shame they haven't sold already.

I'm curious though, where will all these coins come from?
empowering
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February 18, 2015, 10:36:28 PM
Last edit: February 18, 2015, 10:51:34 PM by empowering

All these animated gifs... Makes me wonder about the average age of bitcoiners.
What do you think this thread is for?  Grin

Well... The original poster wanted to keep this thread clean. All these people posting random pictures should be ashamed of themselves. They won't be, I know, but they should.

Sigh.... Kids.  Smiley

Indeed. Thing is most of the serious talk has gone from this thread, it long ago turned into a place to shoot shit, go OT, hang out , and especially of recent, get trolled to high fuck. There is some newses and infos on here, and the occasional analysis , but this thread is not so seriouso... and as far as Adam goes, he liked to clutter the thread with amusements too. Also, really there are only so many times you can go over the same things..(unless you are a troll with an agenda of course) so when times are quiet, well... it is quiet and boring.

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February 18, 2015, 10:37:12 PM


I'm curious though, where will all these coins come from?


Gox had them all along. They were the ones 'rediscovered' when Mark could be arsed to think things over. Have they stated directly that they'll be returned though?
NotLambchop
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February 18, 2015, 10:55:35 PM

Stay classy, Bitcoin Cheesy

ChartBuddy
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February 18, 2015, 11:00:01 PM

Coin
Explanation
Wandererfromthenorth
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February 18, 2015, 11:03:35 PM

Stay classy, Bitcoin Cheesy


https://twitter.com/cukeking/status/566718476371255296
79b79aa8d5047da6d3XX
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February 18, 2015, 11:08:04 PM
Last edit: February 19, 2015, 02:10:38 AM by 79b79aa8d5047da6d3XX

The first thing you degenerates need to do is admit that you have a problem, and then start some sort of a 12-step recovery/support group.
I even got a catchy name for you:
BP:  Bitcoiners Pseudonymous.

Speaking of having a problem, who is it that spends hours every day posting pics in a forum related to a technology he considers to be dead?

That said, you may be on to something with BP.
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February 18, 2015, 11:09:12 PM

Stay classy, Bitcoin Cheesy



trolololol
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February 18, 2015, 11:10:34 PM

Feds to auction 50k BTC in March!  Shocked

Is crypto done??  Huh



Just wait for the 200.000 coin distribution to all MtGox creditors... that's when it will start to get really interesting



I guess the payout ratio will be very low, still I will certianly dump mine as soon as I have them... Hope they hurry up... it is a shame they haven't sold already.

I'm curious though, where will all these coins come from?

thats all what is left from MtGox and will be distributed to creditors. Or will be sold and the cash be distributed. I think the first option is easier to do... no ETA, but I was reading somewhere that is gonna happen this year.
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February 18, 2015, 11:16:05 PM
Last edit: February 18, 2015, 11:30:43 PM by Wandererfromthenorth

Watch this video here at that point:

https://www.youtube.com/watch?v=EFxsIbhPws4#t=1h07m30s

Watch Brian Kelly (http://www.briankellycapital.com/bitcoin-big-bang/), long time bitcoin perma-bull and big Wall Street VC guy, admit that "bitcoin operates on a greater fools theory, which is fine until there are no greater fools"





LOL!

 
jeffhuys
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February 18, 2015, 11:21:59 PM

Go at 1 hour 7 minutes and 32 seconds (1:07:32) at this video here:

https://www.youtube.com/watch?v=EFxs

Watch Brian Kelly (http://www.briankellycapital.com/bitcoin-big-bang/), long time bitcoin perma-bull and big Wall Street VC guy, admit that "bitcoin operates on a greater fools theory, which is fine until there are no greater fools"

LOL!

You know you can just link with a timestamp, right? Smiley
fonzie
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February 18, 2015, 11:22:11 PM

Go at 1 hour 7 minutes and 32 seconds (1:07:32) at this video here:


https://www.youtube.com/watch?v=EFxsIbhPws4

Watch Brian Kelly (http://www.briankellycapital.com/bitcoin-big-bang/), long time bitcoin perma-bull and big Wall Street VC guy, admit that "bitcoin operates on a greater fools theory, which is fine until there are no greater fools"





LOL!

 

 Cheesy Nice one!



Wandererfromthenorth
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February 18, 2015, 11:31:02 PM

Go at 1 hour 7 minutes and 32 seconds (1:07:32) at this video here:

https://www.youtube.com/watch?v=EFxs

Watch Brian Kelly (http://www.briankellycapital.com/bitcoin-big-bang/), long time bitcoin perma-bull and big Wall Street VC guy, admit that "bitcoin operates on a greater fools theory, which is fine until there are no greater fools"

LOL!

You know you can just link with a timestamp, right? Smiley
I fixed it now  Smiley

https://www.youtube.com/watch?v=EFxsIbhPws4#t=1h07m30s
Mota
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February 18, 2015, 11:35:52 PM

wow, half of the page full of ignored people, must be a trollfest.
JorgeStolfi
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February 18, 2015, 11:37:54 PM

Just wait for the 200.000 coin distribution to all MtGox creditors... that's when it will start to get really interesting
I guess the payout ratio will be very low, still I will certianly dump mine as soon as I have them... Hope they hurry up... it is a shame they haven't sold already.

Even discounting all the expenses,  I expect that the trustee will distribute a substantial fraction of the 220'000 remaining BTC, which will be maybe 20% of the sum of all BTC account balances at the time of the collapse.

However, it is still not known for certain that he will be able to distributed the BTC as BTC, or whether he will have to auction them and pay all claims in JPY.

It is also unclear how the victims' claims will be computed.  Most victims seem to assume that their claims are just their account balances.  However, that does not seem to be the standard criterion in such cases (and it may be unfeasible because the account database cannot be trusted).

The standard criterion seems to be (claim) =  (amounts deposited) - (amounts withdrawn), with BTC deposits and withdrawals converted to JPY by the market price at the time of transfer.   Deposits and withdrawals should be easier to validate than trades inside the exchange, or final balances. 

Obviously the two criteria will give vastly different results.  Whether the coins are returned in BTC or JPY is irrelevant, compared to this issue.   However, it seems that the victims cannot (or do not want to) understand that there are these two options, and no one has asked the trustee which one he is likely to follow. 

The victims will have to explicitly file their claims until 2015-05-25.  The trustee will then have to validate the claims, and should define the pay-outs by 2015-09-25.  However, the trustee still hasn't defined the rules and methods for filing claims.

It is quite possible that many victims will not bother to file a claim, or that their claims will be less than their account balances.  Perhaps the total claims will be substantially less than the total balances, in which case each victim who files a claim would recover a higher percentage of it.
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February 18, 2015, 11:42:03 PM

I've also read we can expect 20-25% of coins back. Not great but way better than a donut.
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