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

[derpinheimer]

what about this?

Does this tx mean Mark or someone from MtGox is doing some tests?

or just someone send to them?

http://blockchain.info/tx/498b59cb7a168e6ebc4a4ba5fa06cde95030a2f644f018f55d91a4fbd1524077

means nothing. but its interesting, you can see that whenver gox got a deposit, it usually sent that deposit somewhere instantly. this time its keeping a balance in the wallet..

hm?

[marcus_of_augustus]

<RogerVer> On Tuesday Mark told me via text message: Currently filing for bankruptcy and will update based on that

My guess is the shit hit the fan for Gox between the start and the abrupt end of the acquisition of their US customers by Coinlab.
There was probably a reason why they were "reluctant" to turn over those accounts.

Peter Vesseness + US Feds ... why do those two keep cropping up together in fucked up situations?

Gox got goxed alright.

[MickeyT2008]

I haven't been keeping track of things today, is the current Gox situation still no real news but plenty of speculation and fud?

Fortunately I removed my small BTC stash from there a while ago.

[kkaspar]

No, everyone who is brainwashed by the Keynesian school "knows" that.  It is a false knowledge, which has never been true, as history demonstrates abundantly.

Now, this got interesting! Tell me how is it false knowledge and tell me when has history proven that it is false knowledge.

http://www.zerohedge.com/news/2014-02-17/hayek-keynes-economics-was-sideline-him 

I seem to have trouble finding the answer to my questions through that link. Could you please summarize the answer for me here.

[derpinheimer]

I haven't been keeping track of things today, is the current Gox situation still no real news but plenty of speculation and fud?

Fortunately I removed my small BTC stash from there a while ago.

Yup!

Some more additional fuel like

1. Gox coins possibly seized/frozen by US Govt?
2. Gox filing for bankruptcy?
3. Possible Gox addresses with large sums of coins? (Solvent?)


------

BTW, the failed breakout is pretty scary IMO? Anyone agree?

[bitjoint]

<RogerVer> On Tuesday Mark told me via text message: Currently lining up for getting a Frappucino with bacon topping... need food for my biceps

[Mota]

<RogerVer> On Tuesday Mark told me via text message: Some say I live with 5 beautiful women - others say I can shit rainbows. Truth is, I am the Stig.

[MickeyT2008]

I haven't been keeping track of things today, is the current Gox situation still no real news but plenty of speculation and fud?

Fortunately I removed my small BTC stash from there a while ago.

Yup!

Some more additional fuel like

1. Gox coins possibly seized/frozen by US Govt?
2. Gox filing for bankruptcy?
3. Possible Gox addresses with large sums of coins? (Solvent?)


------

BTW, the failed breakout is pretty scary IMO? Anyone agree?

That's what I thought.  It'd be nice for everyone with funds in there is somehow Karpeles pulled a rabbit out of the hat and nobody lost anything, but it doesn't look very likely.  If he had everyone's BTC/fiat then surely he'd have said so by now.

[MickeyT2008]

<RogerVer> On Tuesday Mark told me via text message: Some say I live with 5 beautiful women - others say I can shit rainbows. Truth is, I am the Stig.

If he's lost everyone's BTC/fiat then he wants to hope he's the Stig so that he can make a fast getaway, there'll be a lot of people after him, possibly including some of the sort of people who's funds it's dangerous to lose.

I wonder if the Mafia had any funds in Gox

[donut]

[kkaspar]

It's a long and boring way down with this speed...

[knarzo]

No, everyone who is brainwashed by the Keynesian school "knows" that.  It is a false knowledge, which has never been true, as history demonstrates abundantly.

Now, this got interesting! Tell me how is it false knowledge and tell me when has history proven that it is false knowledge.

http://www.zerohedge.com/news/2014-02-17/hayek-keynes-economics-was-sideline-him 

I seem to have trouble finding the answer to my questions through that link. Could you please summarize the answer for me here.

Sorry. I don't have an academic background and might not be able to summarize it for you.

PS Don't bite the hand that feeds you

[ChartBuddy]

Explanation

[meanig]

<RogerVer>MTgox claims that someone was using the transaction malability  exploit for years to steal coins,  and they never noticed until they ran out of coins.

They'd have more credibility if they blamed it on aliens

[kkaspar]

No, everyone who is brainwashed by the Keynesian school "knows" that.  It is a false knowledge, which has never been true, as history demonstrates abundantly.

Now, this got interesting! Tell me how is it false knowledge and tell me when has history proven that it is false knowledge.

http://www.zerohedge.com/news/2014-02-17/hayek-keynes-economics-was-sideline-him  

I seem to have trouble finding the answer to my questions through that link. Could you please summarize the answer for me here.

Sorry. I don't have an academic background and might not be able to summarize it for you.

PS Don't bite the hand that feeds you

Sadly that link didn't answer my questions and concentrated on the personality of Keynes and on problems that have very little to do with my original claim.

I think that healthy criticism is what this community around bitcoin currently needs. Cult behavior among the surrounding community is actually driving away a lot of potential investors. People need to come down to earth a little more, or else bitcoin will look more and more like a joke.

[hdbuck]

<RogerVer>MTgox claims that someone was using the transaction malability  exploit for years to steal coins,  and they never noticed until they ran out of coins.

They'd have more credibility if they blamed it on aliens

its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark its mark

[Erdogan]

...what I have understood is that bitcoin isn't a good invention, but it's a good innovation...

The blockchain man, it is a fucking invention, the world had to wait 30 years for this one after public key cryptography was invented.

While I agree, that blockchain is the part that could be classified as an invention the most. Then I still have to say that I see it more as an innovation, because it is built on already created inventions in cryptography. I think that blockchain is a great innovation, but I also think that it will be as great of an innovation in the future as iPhone1 is right now.

I partly agree, because the blockchain (the distributed blockchain, really) was inspired by some proof of work testing as an email spam antimeasure. But following crypto developments from the sideline for many years, reading the bitcoin whitepaper was a revelation.

[Mota]

<RogerVer>MTgox claims that someone was using the transaction malability  exploit for years to steal coins,  and they never noticed until they ran out of coins.

They'd have more credibility if they blamed it on aliens

They never said they ran out of coins. Maybe they ran out of coins in their hotwallet, but since there are nearly 400.000 coins in the coldstorage (link is somewhere in here...) that statement in the pseudo crisis management paper seems to be complete bollocks and only meant to spread fud.
they also never said that the exploit was used over several years, iirc. only the issue was known for several years, not that anyone exploited it. That is only a few months old.

[knarzo]

No, everyone who is brainwashed by the Keynesian school "knows" that.  It is a false knowledge, which has never been true, as history demonstrates abundantly.

Now, this got interesting! Tell me how is it false knowledge and tell me when has history proven that it is false knowledge.

http://www.zerohedge.com/news/2014-02-17/hayek-keynes-economics-was-sideline-him  

I seem to have trouble finding the answer to my questions through that link. Could you please summarize the answer for me here.

Sorry. I don't have an academic background and might not be able to summarize it for you.

PS Don't bite the hand that feeds you

Sadly that link didn't answer my questions and concentrated on the personality of Keynes and on problems that have very little to do with my original claim.

I think that healthy criticism is what this community around bitcoin currently needs. Cult behavior among the surrounding community is actually driving away a lot of potential investors. People need to come down to earth a little more, or else bitcoin will look more and more like a joke.

Come down to earth a little more? You mean like those cultists in glass palaces jumping off their towers? Again? Eh. No need for that from my side.

[shmadz]

This is kind of like $100-$105 in July. We're not going to break the dark order resistance with this small volume now - and that means probably means going lower into a retracement to pick up volume and come back up.

yes. feels exactly like that. still stoking the fires to gain enough steam to get this thing moving... could take a while, at least until they plug the leaks in the boiler.