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

[id10tothe9]

did you know that the Methuselah foundation accepts bitcoin donations!!


foto upload


this is for me and for all longevity enthusiasts great news, that's why I had to post it here, this is in my opinion how such genius research should be funded, without waiting for old rusty governments!! if you want more support for longevity research like I do, spread the word! and if you don't know what that is, watch Aubrey de Gray explain at TED:
http://www.youtube.com/watch?v=qMAwnA5WvLc
https://mfoundation.org/

[tailor]

$32.43m/$55m = 59%

theoretically this is what you get back

I wonder if the coins are included in the figures

Coins aren't included - it states fiat assets.

Other creditors will be paid ahead of customers.  MTGox filed for a "similar to chapter 11" bankruptcy, so the business isn't being wound up. It's premature to talk about assets being distributed and, as the original poster predicted, reinvested into BTC.

[KeyserSoze]

Doesn't that go against the whole guilty until proven innocent thing?

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books.

False, "looking suspicious" isn't enough legally:

http://law.onecle.com/new-york/criminal-procedure/CPL0140.50_140.50.html

a police officer may stop a person in a public place located within the geographical area of such officer's  employment when  he reasonably  suspects  that  such  person  is  committing,  has committed or is about to commit either (a) a felony or (b) a misdemeanor defined in the penal law, and may demand of him his name, address and an explanation of his conduct.

Legally, lol, but in real life how does it work? There's a Youtube video of a kid who was tired of being harassed for "looking suspicious" so he records his next stop.
http://www.thenation.com/article/170413/stopped-and-frisked-being-fking-mutt-video

There's plenty of other violations of this ridiculous law, which is why there shouldn't be a fucking "stop and frisk" law. Stop and frisk AFTER a crime has been committed. You know, that crazy "innocent until proven guilty" thing. Troubling, I know. We do not arrest for thought crimes, or at least we're supposed to have grown beyond that.

[Loozik]

"That same document also described fiat assets of $32.43m and liabilities of $55m. The assets include $5m “held by CoinLab” and another $5.5m “held by the DHS”. "

So $21 million in liquidity remains in Gox bank  to be disbursed to clients. How much will go back to purchase real coins!  

Where's the $21M?

Assets - Liabilities = -$22.57M, hence the need for declaring bankruptcy.

$32.43m/$55m = 59%

theoretically this is what you get back

I wonder if the coins are included in the figures

I doubt we'll see anything. There will be experts and court clerks to pay. Their fees will eat our funds.

[nakaone]

http://pastebin.com/LPm3jBG7

fake?

[Patel]

http://pastebin.com/LPm3jBG7

fake?

absolutely. Times were edited, 14:13 happened after 14:19.

[KeyserSoze]

http://pastebin.com/LPm3jBG7
fake?

If you have to ask then PT Barnum was correct.

[dreamspark]

http://pastebin.com/LPm3jBG7

fake?

hahahaha Read every second word.

[Patel]

http://pastebin.com/LPm3jBG7

fake?

hahahaha Read every second word.

lol i missed that 

[nakaone]

http://pastebin.com/LPm3jBG7

fake?

hahahaha Read every second word.

 brilliant

[TooDumbForBitcoin]

http://pastebin.com/LPm3jBG7

Rickrolled!

[CoinRocka]

http://pastebin.com/LPm3jBG7

fake?

hahahaha Read every second word.

 brilliant

Lol.  Call .01 bitcoin a "Rick Roll"

[fluidjax]

Gox missing coins.

http://letstalkbitcoin.com/the-ghost-in-the-machine-at-mtgox/

How long until the Gox log files go missing.
Mark should release SHA hashes of the log files now, to prove he hasn't modified them later.

[aminorex]

Legally, lol, but in real life how does it work?

I live in Manhattan about half-time.  Laws are a joke.  Rich people and cops can do whatever they want to poor people.  They kill and rape and steal.  The poor people are disarmed.  There is a law in the U.S., a foundational law, referred to as the right to keep and bear arms.  Does not exist.  If you are poor, you are defenseless.  If you are rich, you have goons.  Only thugs working for the rich are armed.

Now, for middle-class people, interacting with other middle-class people, the rules are mostly observed.  And in fact, that's still a fair number of people in Manhattan.  In the rest of the U.S., outside of say DC and SF, the middle class is pretty much disappearing.  Consequently the very limited domain in which the rules are observed is a rapidly shrinking one. 

[ChartBuddy]

Explanation

[billyjoeallen]

Doesn't that go against the whole guilty until proven innocent thing?

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books.

The 4th Amendment is supposed to protect us from unreasonable searches and seizures, but it's the government that determines what is unreasonable, so it's worthless. Banking isn't the only sector of society that needs to be decentralized.

[dreamspark]

Theres always a way to write an act that just about excuses violations of common law.

[yrtrnc]

We should see a spike in the next few hours. The charts are saying it. Only to about 580 though..

[KeyserSoze]

...the middle class is pretty much disappearing.

Edit: sorry, for international folks this post is very US-centric...

It's an interesting topic, the shrinking middle class. It was easier once upon a time to just say, "hey auto workers, sorry but develop some other skill." But more and more industries are falling into this pit of either "industry sent overseas" or "industry has been automated."

Today, what industry can an autoworker retrain for? We don't make much of anything here anymore. And we keep giving away newer industries like green tech. And now we're taking our sweet time on Bitcoin tech while other nations more quickly allow for growth in this industry.

I believe America will fall on very hard times for quite a long time because we simply have been making too much money for too long. We're accustomed to it; many feel entitled to it. Unions have made us believe we're worth more than the market wants to pay. Hubris has made us believe we are worth more than the world wants to pay. Couple this with disappearing/automated industries and it spells trouble.

An example of this is a web development company I worked for some time ago. They decided if they couldn't charge at least $50,000 for a web site then they didn't want the contract. Needless to say, web sites came down in price since then and this company went out of business for lack of being "hungry."

So I think America will have some hard times coming, perhaps rightfully so. Great place to live but everyone needs to relearn lessons now and again. The pendulum swings. Fortunately I am over the hill and could kick the bucket before it gets too bad. I'm not a "stockpile beans and guns" kind of person so I wouldn't last long anyway.

[podyx]

seems like we are set for a minirally