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

[miningnew]

5h old news... Bitcoin.de is going to change the trading (to instant) soon. Fidor bank will actually take over it  They put that on FB:
Der interne Test der Fidor-API hat begonnen Es dauert hoffentlich nicht mehr lange bis der (nahezu) Echtzeithandel auf bitcoin.de starten kann. Wer noch kein Fidor-Konto hat sollte sich beeilen eines zu eröffnen UND dieses bei bitcoin.de eintragen. Das Konto ist kostenlos, bietet sogar derzeit 1,2% Zinsen aufs Tagesgeld und eine kostenlose Prepaid-Kreditkarte von MasterCard. Hier gehts zur Anmeldung: https://www.fidor.de/produkte/fidorpay

Good news if you ask me! 

Fidor Bank is big?

I am not sure if this matters. It is a bank that is registered with the financial regulators in Germany. While it erases some of the difficulties Mt.Gox ran into (good), it opens doors for further regulation (bad, imho).

damn
today i bought some coins for 200 and sold some for 220 (eur )

[solex]

5h old news... Bitcoin.de is going to change the trading (to instant) soon. Fidor bank will actually take over it  They put that on FB:
Der interne Test der Fidor-API hat begonnen Es dauert hoffentlich nicht mehr lange bis der (nahezu) Echtzeithandel auf bitcoin.de starten kann. Wer noch kein Fidor-Konto hat sollte sich beeilen eines zu eröffnen UND dieses bei bitcoin.de eintragen. Das Konto ist kostenlos, bietet sogar derzeit 1,2% Zinsen aufs Tagesgeld und eine kostenlose Prepaid-Kreditkarte von MasterCard. Hier gehts zur Anmeldung: https://www.fidor.de/produkte/fidorpay

Good news if you ask me! 

Fidor Bank is big?

I am not sure if this matters. It is a bank that is registered with the financial regulators in Germany. While it erases some of the difficulties Mt.Gox ran into (good), it opens doors for further regulation (bad, imho).

Market Cap is 35 million euros. Nothing to lose by backing BTC businesses, and lots of potential gain!

http://www.bloomberg.com/quote/F5R:GR

[Nemo1024]

The old man has been awed by this latest rally and almost considered waiting for higher prices.

"I feel it will go higher but the plan is in place. Discipline son. Discipline."

He has moved another 100BTC onto an exchange....

Brilliant role model, David. Huge respect! If only everyone was as disciplined.

I feel inspired to move about 90% of the funds to a cold wallet. Trading during the recent last weeks netted me maybe 0.5% extra revenue, and there were a few close calls.

Feel like it's better to hold it long and spare my nerves.

Good night from Europe, everyone.  Over and out.

[bnjmnkent]

miningnew, may i pm you, please?

[miningnew]

miningnew, may i pm you, please?

sure

[Adrian-x]

Is hashrate going down or am I reading leaves here?

It dips with every difficulty increase, my estimate is this increase saw the last of the laggard GPU and early Asic,s drop out.

Hash rate is not going down if anything it may level out for a week or two.

[elux]

5:56 pm Nov 7, 2013 | REGULATORY


Judge Orders CoinLab to Pay Up…in Bitcoin


A well-known bitcoin company has been ordered by a judge to produce and deliver the virtual currency to a New York investment firm that accused it of reneging on their contractual agreement.

Judge Robert W. Sweet of U.S. district court for the southern district of New York barred CoinLab Inc. from delivering the virtual currency to any other parties before it meets its obligation to Bitvestment LLC.

The dispute underscores the frenzy surrounding bitcoin, a virtual currency that isn’t backed by a central bank. It is produced electronically using computers, and enthusiasts trade it on exchanges and privately. Some merchants are now accepting bitcoin as a method of payment.

Bitvestment sued CoinLab last week for breach of contract, contending that the Bainbridge, Wash.-based company isn’t living up to its obligation to provide 8,000 bitcoin under an August arrangement between the two firms.
One bitcoin was worth $295 Thursday afternoon on the volatile Tokyo-based Mt. Gox exchange on Thursday, giving the disputed 8,000 bitcoin a value of $2.36 million.

The process of generating bicoin is known in the industry as “mining.”

CoinLab Chief Executive Peter Vessenes has said that the lawsuit was a contributing factor in last week’s bankruptcy filing of CoinLab’s mining unit, which is called Alydian Inc.
Mr. Vessenes is also chairman of the Bitcoin Foundation, a nonprofit trade group that promotes the virtual currency.

Mr. Vessenes noted in an email on Thursday that CoinLab itself has no mining operations, but “of course we will comply (with the judge’s order) as well as we’re able.” It isn’t clear if Alydian is still generating bitcoin while it is under bankruptcy protection.

He also said that CoinLab was pleased that the judge denied other requests from BitVestment, such as seeking certain financial data from officers of CoinLab and Alydian.

“We continue to treat this as a simple contract dispute case, and feel confident on the merits of the case,” Mr. Vessenes said.

Bryan Reyhani, a lawyer representing Bitvestment in the case, declined to comment on the judge’s ruling.



http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Thoughts?

[Kupsi]

Is hashrate going down or am I reading leaves here?

It dips with every difficulty increase, my estimate is this increase saw the last of the laggard GPU and early Asic,s drop out.

Hash rate is not going down if anything it may level out for a week or two.

It's only bad luck.

[ChartBuddy]

[adamstgBit]

5:56 pm Nov 7, 2013 | REGULATORY


Judge Orders CoinLab to Pay Up…in Bitcoin


A well-known bitcoin company has been ordered by a judge to produce and deliver the virtual currency to a New York investment firm that accused it of reneging on their contractual agreement.

Judge Robert W. Sweet of U.S. district court for the southern district of New York barred CoinLab Inc. from delivering the virtual currency to any other parties before it meets its obligation to Bitvestment LLC.

The dispute underscores the frenzy surrounding bitcoin, a virtual currency that isn’t backed by a central bank. It is produced electronically using computers, and enthusiasts trade it on exchanges and privately. Some merchants are now accepting bitcoin as a method of payment.

Bitvestment sued CoinLab last week for breach of contract, contending that the Bainbridge, Wash.-based company isn’t living up to its obligation to provide 8,000 bitcoin under an August arrangement between the two firms.
One bitcoin was worth $295 Thursday afternoon on the volatile Tokyo-based Mt. Gox exchange on Thursday, giving the disputed 8,000 bitcoin a value of $2.36 million.

The process of generating bicoin is known in the industry as “mining.”

CoinLab Chief Executive Peter Vessenes has said that the lawsuit was a contributing factor in last week’s bankruptcy filing of CoinLab’s mining unit, which is called Alydian Inc.
Mr. Vessenes is also chairman of the Bitcoin Foundation, a nonprofit trade group that promotes the virtual currency.

Mr. Vessenes noted in an email on Thursday that CoinLab itself has no mining operations, but “of course we will comply (with the judge’s order) as well as we’re able.” It isn’t clear if Alydian is still generating bitcoin while it is under bankruptcy protection.

He also said that CoinLab was pleased that the judge denied other requests from BitVestment, such as seeking certain financial data from officers of CoinLab and Alydian.

“We continue to treat this as a simple contract dispute case, and feel confident on the merits of the case,” Mr. Vessenes said.

Bryan Reyhani, a lawyer representing Bitvestment in the case, declined to comment on the judge’s ruling.



http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Thoughts?

lol just lol

[TheKoziTwo]

5:56 pm Nov 7, 2013 | REGULATORY


Judge Orders CoinLab to Pay Up…in Bitcoin


A well-known bitcoin company has been ordered by a judge to produce and deliver the virtual currency to a New York investment firm that accused it of reneging on their contractual agreement.

Judge Robert W. Sweet of U.S. district court for the southern district of New York barred CoinLab Inc. from delivering the virtual currency to any other parties before it meets its obligation to Bitvestment LLC.

The dispute underscores the frenzy surrounding bitcoin, a virtual currency that isn’t backed by a central bank. It is produced electronically using computers, and enthusiasts trade it on exchanges and privately. Some merchants are now accepting bitcoin as a method of payment.

Bitvestment sued CoinLab last week for breach of contract, contending that the Bainbridge, Wash.-based company isn’t living up to its obligation to provide 8,000 bitcoin under an August arrangement between the two firms.
One bitcoin was worth $295 Thursday afternoon on the volatile Tokyo-based Mt. Gox exchange on Thursday, giving the disputed 8,000 bitcoin a value of $2.36 million.

The process of generating bicoin is known in the industry as “mining.”

CoinLab Chief Executive Peter Vessenes has said that the lawsuit was a contributing factor in last week’s bankruptcy filing of CoinLab’s mining unit, which is called Alydian Inc.
Mr. Vessenes is also chairman of the Bitcoin Foundation, a nonprofit trade group that promotes the virtual currency.

Mr. Vessenes noted in an email on Thursday that CoinLab itself has no mining operations, but “of course we will comply (with the judge’s order) as well as we’re able.” It isn’t clear if Alydian is still generating bitcoin while it is under bankruptcy protection.

He also said that CoinLab was pleased that the judge denied other requests from BitVestment, such as seeking certain financial data from officers of CoinLab and Alydian.

“We continue to treat this as a simple contract dispute case, and feel confident on the merits of the case,” Mr. Vessenes said.

Bryan Reyhani, a lawyer representing Bitvestment in the case, declined to comment on the judge’s ruling.



http://blogs.wsj.com/moneybeat/2013/11/07/judge-orders-coinlab-to-pay-up-in-bitcoin/

Thoughts?

Good, the quicker we get rid off this vessens asshole the better.

[bnjmnkent]

5h old news... Bitcoin.de is going to change the trading (to instant) soon. Fidor bank will actually take over it  They put that on FB:
Der interne Test der Fidor-API hat begonnen Es dauert hoffentlich nicht mehr lange bis der (nahezu) Echtzeithandel auf bitcoin.de starten kann. Wer noch kein Fidor-Konto hat sollte sich beeilen eines zu eröffnen UND dieses bei bitcoin.de eintragen. Das Konto ist kostenlos, bietet sogar derzeit 1,2% Zinsen aufs Tagesgeld und eine kostenlose Prepaid-Kreditkarte von MasterCard. Hier gehts zur Anmeldung: https://www.fidor.de/produkte/fidorpay

Good news if you ask me! 

Fidor Bank is big?

I am not sure if this matters. It is a bank that is registered with the financial regulators in Germany. While it erases some of the difficulties Mt.Gox ran into (good), it opens doors for further regulation (bad, imho).

Market Cap is 35 million euros. Nothing to lose by backing BTC businesses, and lots of potential gain!

http://www.bloomberg.com/quote/F5R:GR

IIRC their shares jumped up by 50% at the time they announced partnership with bitcoin.de.
Didn't happen, when they announced partnership with kraken, though.

[Adrian-x]

Good, the quicker we get rid off this vessens asshole the better.

+1 and my family. (I'll refrain from the use of the word asshole in good company though.) But this crook has got to go.

[David M]

The old man has been awed by this latest rally and almost considered waiting for higher prices.

"I feel it will go higher but the plan is in place. Discipline son. Discipline."

He has moved another 100BTC onto an exchange....

Brilliant role model, David. Huge respect! If only everyone was as disciplined.

Cheers Nemo.  I really lucked out in the great DNA game!

His 3rd sell trade had been completed and he is very pleased.
So pleased in fact that he plans to "blow away" that entire trade on a vacation to South America.
It's the only continent he has not traveled "enough" (in his words). He went to Antarctica 30 years ago in case you were wondering...

[DougTanner]

Here comes China 

And Stamp knows it.

[byronbb]

Just-dice.com has more btc in investment than gox has on the orderbooks........

[DougTanner]

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

It doesn't matter what you do with your bitcoins.

All the bitcoins that get deposited into Mt Gox get dumped into a single pile.

Some of the coins are dumped in there by miners, whose coins can not be spent until 100 blocks after they were mined.

Some of the coins are only spendable if a Mt Gox employee grabs the private key out of safe or something.

The software Mt Gox uses to choose which coins to spend when customers want to withdraw bitcoins is apparently suboptimal.

If their software tries to spend a coin which has not matured (>100 blocks since being mined), the entire transaction ends up in limbo.

Another possible problem is that some transactions end up with too many inputs with an insufficient fee the transaction also ends up in limbo.

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

How do the miners get the coins onto Gox in the first place if they can't be spent??

[ChartBuddy]

[justusranvier]

How do the miners get the coins onto Gox in the first place if they can't be spent??

They are part of the coinbase transaction.

[DougTanner]

How do the miners get the coins onto Gox in the first place if they can't be spent??

They are part of the coinbase transaction.

Sorry I'm not following, how did CoinBase get into this?