mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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January 15, 2015, 10:55:33 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? The forum term, pump it, do you know the willy Bot ? |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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esse83
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January 15, 2015, 10:56:03 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? Well he knew how to do perfect trades (and he had tons of btc - probably more than 200k), he was the CEO after all. So he was in complete control of the price for years. Why do you think we have been going down for more than a year after gox collapsed? Because Mark is gone. That is the main reason. |
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Bisha
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January 15, 2015, 10:58:13 PM |
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I expected more interesting news for this friday..
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WeltMaster
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January 15, 2015, 10:58:38 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? My guess is that (assuming this whole thing is true) Mark used the bitcoins from SR to pump bitcoin on gox, then when shit hit the fan he seppuku'd SR with the help of the FBI (remember this caused the huge bubble up to $1k) It's sadly actually looking plausible but I still remain sceptical about the whole thing, DPR is a VERY opinionated and idealistic guy which Mark really isn't, their characters just don't match in my opinion. Unless it was all a ruse.. |
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barbs
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January 15, 2015, 10:59:15 PM |
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A. Is this mark news bullish
B. Will that fat fucking fuck cough up my 6 bitcoins
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NotLambchop
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January 15, 2015, 10:59:56 PM |
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Reading an unrelated COinDesk article about some payment processor going dark, and stopped at this line: "A representative from BTC-e, known only as ‘Alex’, said he hadn’t heard from EgoPay since 22nd December."[boldface mine] Anon scammers getting ripped by not-so-anon scammers. Libertarian moksha, unenlightened mundanes wouldn't understand  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 15, 2015, 11:00:02 PM |
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Bitfinex  Bitstamp  Explanation |
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PestoQuinty
Member
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Activity: 106
Merit: 10
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January 15, 2015, 11:00:20 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? My guess is that (assuming this whole thing is true) Mark used the bitcoins from SR to pump bitcoin on gox, then when shit hit the fan he seppuku'd SR with the help of the FBI (remember this caused the huge bubble up to $1k) It's sadly actually looking plausible but I still remain sceptical about the whole thing, DPR is a VERY opinionated and idealistic guy which Mark really isn't, their characters just don't match in my opinion. Unless it was all a ruse.. How does one uses bitcoins - to pump bitcoins? |
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coins101
Legendary
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Activity: 1456
Merit: 1000
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January 15, 2015, 11:00:56 PM |
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is that coffee or is he blatantly walking in with a cup of heroin disguised as coffee with some squirty cream?  |
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 15, 2015, 11:01:12 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? the escrow service at silk road, people pay in 10 bitcoins, push the price up and give them 5 bitcoins to the vendor for the $$$ value of the transaction held in escrow |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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January 15, 2015, 11:01:38 PM |
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Mark Karpeles is now almost confirmed as the culprit of both Silkroad and the bitcoin price; Buy if you want to. I'm out. Good luck bulls.
If this is true I go leveraged all-in. This is crazy bearish if true... in my understanding. |
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 15, 2015, 11:02:15 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? Well he knew how to do perfect trades (and he had tons of btc - probably more than 200k), he was the CEO after all. So he was in complete control of the price for years. Why do you think we have been going down for more than a year after gox collapsed? Because Mark is gone. That is the main reason. Jesus. Sometimes I actually think you lot believe this crap. Gox has been gone for months. It was what 10% of trading volume in the November 2013 bubble? The price has been supported by demand since. It is no coincidence the chart shows a typical bubble and deflation. The only question was how low would we go. Leverage took us lower than many expected. |
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JamesBrown
Member
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Activity: 98
Merit: 10
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January 15, 2015, 11:02:21 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? Well he knew how to do perfect trades (and he had tons of btc - probably more than 200k), he was the CEO after all. So he was in complete control of the price for years. Why do you think we have been going down for more than a year after gox collapsed? Because Mark is gone. That is the main reason. So he used Gox to acquire coin and raise price, did he really need SR too? Was SR-created demand such a driving factor in price raise? |
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shirkan
Member
Offline
Activity: 106
Merit: 10
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January 15, 2015, 11:02:40 PM |
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the real question is, are these news already priced in regarding the current bitcoin price? It's Mtgox times 2!!
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barbs
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January 15, 2015, 11:04:01 PM |
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honestly, my 6000$ (at the time) that this guy has robbed me off will be justly placed and spent if he goes to jail. I'll be ok with it.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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January 15, 2015, 11:05:03 PM |
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I expected more interesting news for this friday..
I don't think this is the news a certain podgy attention seeker is talking about. It's in the deep past for starters. |
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JamesBrown
Member
Offline
Activity: 98
Merit: 10
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January 15, 2015, 11:06:41 PM |
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The Homeland Security agent’s theory was that Karpeles, as owner of Mt. Gox, held an enormous amount of Bitcoin. He used Silk Road to leverage that price and raise it, which it did by several hundred times over during the course of Silk Road’s lifespan. Bitcoin was worth around $2 at Silk Road's launch and hit as high as $290 by 2013.
What the hell do they mean by "leverage that price and raise it"? Can anyone here come up with a scenario how keeping gox money at silk road could have raised the price? My guess is that (assuming this whole thing is true) Mark used the bitcoins from SR to pump bitcoin on gox, then when shit hit the fan he seppuku'd SR with the help of the FBI (remember this caused the huge bubble up to $1k) It's sadly actually looking plausible but I still remain sceptical about the whole thing, DPR is a VERY opinionated and idealistic guy which Mark really isn't, their characters just don't match in my opinion. Unless it was all a ruse.. Are you basing this on the interview DPR gave, which some canadian dude did on his behalf? Someone with strong libertarian views. Why would he need bitcoin from SR to pump on gox? He supposively could have been doing anything on gox? EDIT
the escrow service at silk road, people pay in 10 bitcoins, push the price up and give them 5 bitcoins to the vendor for the $$$ value of the transaction held in escrow
Never used it, how did that escrow thing worke exactly? |
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elasticband
Legendary
Offline
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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January 15, 2015, 11:18:02 PM |
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Ultros
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January 15, 2015, 11:18:39 PM |
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Willy bot's story was bad...that one is terrible. Most bearish thing I've read lately. Disturbingly plausible but still highly suspicious that it gets "revealed" precisely today. Great FuD event anyhow. BTC never disappoint.
PS: what the fucking shit is going on!
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WeltMaster
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January 15, 2015, 11:19:05 PM |
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Are you basing this on the interview DPR gave, which some canadian dude did on his behalf? Someone with strong libertarian views.
Why would he need bitcoin from SR to pump on gox? He supposively could have been doing anything on gox?
You've got to ask yourself, why? Why would Mark, with an already stressful plate, be active on both SR and Gox even as the troubles kick in. It just doesn't add up, I think Ross is using a this as the trump card he's had up his sleeve from the start. He hinted on it last year. I'm not buying. |
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