byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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February 25, 2014, 04:14:05 AM |
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Wow, 700K Bitcoins was a lot to pay for it! Going to have to buy 700k btc on bitstamp: to the moon.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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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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zyk
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February 25, 2014, 04:14:53 AM |
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Who will Karpelas sue, and what will be the effect?
Sue him for what he doesn't have? The empty GOX Limited shell gave costumers coins of course in his pockets.....he is riding in the sunset with the heist, if he can fake whatever data explaining that he is not to blame that costumers coins went to such and such adress....the laywers will make sure to prove that they deserve it
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ChrisML
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February 25, 2014, 04:17:03 AM |
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Meanwhile on Bitcoinbuilder:
Open Orders Last Trade Price: 0.14 ฿ (Gox/Bitstamp: 0.266) Vol: 41060 GOXBTC
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Arcas
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February 25, 2014, 04:17:18 AM |
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I'm exhausted. Good night guys, save some cheap coins for me when I wake up please.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 25, 2014, 04:18:15 AM |
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Meanwhile on Bitcoinbuilder:
Open Orders Last Trade Price: 0.14 ฿ (Gox/Bitstamp: 0.266) Vol: 41060 GOXBTC
people paying that much are retarded. I've just opened 20 BTC bid there but nowhere close to that.
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7thKingdom
Member
Offline
Activity: 107
Merit: 10
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February 25, 2014, 04:19:50 AM |
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The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.
You mean the Shrem Karpeles & Friends Foundation? Latest tweet from TwoBitItidiot... "Thanks, man. I never mince words, I think this is disastrous from a reg standpoint. The hammer will now come down hard." The conspiracy theorist in me can't help but to think the bitcoin foundation was compliant in all this and intentionally deceived the community. They have been very pro regulation for a long time, and what better way to ensure the US comes down hard with regulation than making a grand show of what can happen without it. It's genius I tell you!
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 25, 2014, 04:20:01 AM |
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At the minimum a ratings agency for exchanges and Coiinbase and anyone else who secures bitcoins for others has a ready-made market.
An it is easy to do with the blockchain balances provable.
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Hypnoise
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February 25, 2014, 04:22:15 AM |
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My guess is that today someone doing quick arbitrages on stamp, thats why so many market order dumps out of the blue.
A huge chunk of bitstamps fiat was drained from the 5.5mUSD sell hours so. Its probably people sensing the lack of buying pressure and dumping. Asks are up and bid sum down on stamp. Looks bleak. or it is gox coins
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 25, 2014, 04:22:43 AM |
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So, how long is Mark going to let the site be down and trading suspended before he provides some sort of explanation? Hours, days, weeks? Could this be his exit strategy?
months.
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Vigil
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February 25, 2014, 04:22:50 AM |
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Someone needs to start an exchange ratings business or private regulatory business for Bitcoin to prove we don't need government regulation.
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wrostek
Newbie
Offline
Activity: 15
Merit: 0
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February 25, 2014, 04:24:55 AM |
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Not surre if this was already posted, but, from: http://www.reddit.com/r/BitcoinMarkets/comments/1yuuok/daily_discussion_tuesday_february_25_2014_early/cfnzt9iSo here's what has happened for those who can't keep up. I doubt any of this is a pure coincidence given the time frame. 1.) MtGox allegedly lose 750,000 Bitcoins, according to a leaked document in the hands of TwoBitIdiot, a known person within the Bitcoin community. 2.) He then decides to leak the document to the public 1 - 2 hours later confirming this number, and within the document it says they are to rebrand as http://gox.com and lie their way out of this mess. 3.) After the document is leaked, MtGox halts trades immediately (Around 5 minutes after) 4.) At this point, http://gox.com is still a parked domain, and not long after starts to redirect to http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document) 5.) After around 30 minutes, Coinbase, Blockchain, Circle and Kraken simultaneously release identical articles titled "Joint Statement Regarding the Insolvency of Mt.Gox" (EDIT: Since then, some of the articles have removed the word "insolvency", but not all of them.) 6.) A further 5 minutes later, http://mtgox.com is taken completely offline. 7.) And now we are here, with not a single word from MtGox.
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gmannn
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February 25, 2014, 04:25:34 AM |
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So, how long is Mark going to let the site be down and trading suspended before he provides some sort of explanation? Hours, days, weeks? Could this be his exit strategy?
Their strategy so far has been to deny everything, admit no wrongdoing, shift blame. The only time they will explain truthfully has come out in leaks, and might even come out of court proceedings or otherwise.
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hmmmstrange
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February 25, 2014, 04:25:54 AM |
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We need a bitcoin holiday, where once a year we pull all of the coins out of the exchanges.
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Nightowlace
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February 25, 2014, 04:26:09 AM |
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Can anyone post a link to the 2bit statement? Thanks
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hyphymikey
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February 25, 2014, 04:26:38 AM |
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The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange.
You mean the Shrem Karpeles & Friends Foundation? Karpeles is out, Shrem was shutdown so he should be out too. There has to be a way for the Foundation to have trustworthy members, then I guess we can do this audit thingy I proposed. Satoshi has to be pissed that these old timers can't even run business well and in turn gives Bitcoin a bad name.
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TERA
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February 25, 2014, 04:26:54 AM |
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Well this is it. Possibly the beginning of the bottom leg of the final capitulation. When is wallstreet, the twinkies, bit, fortress, whales etc. going to start buying?
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Vigil
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February 25, 2014, 04:28:06 AM |
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They are going to announce on the 25th.
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