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

[mmitech]

Ok boring, I am going to sleep, I have to wake up early for the job, Bitcoin do something while I am sleeping and let price alarms wake me up instead of job waking alarms

[oda.krell]

Ok boring, I am going to sleep, I have to wake up early for the job, Bitcoin do something while I am sleeping and let price alarms wake me up instead of job waking alarms

Ah, the face of my girlfriend when I tell her "hey, I'm sorry, tonight's one of *those* nights... I need to set an alarm". it's like her expression says: "I hate being woken in the middle of the night... but if it pays the future swimming pool... *shrug*"

[mmitech]

Ok boring, I am going to sleep, I have to wake up early for the job, Bitcoin do something while I am sleeping and let price alarms wake me up instead of job waking alarms

Ah, the face of my girlfriend when I tell her "hey, I'm sorry, tonight's one of *those* nights... I need to set an alarm". it's like her expression says: "I hate being woken in the middle of the night... but if it pays the future swimming pool... *shrug*"

my wife doesn't give a flying fuck, she believes in me and sometimes too much that i have to tell her to slow down  

good night anyways

[pjviitas]

Volume has gone silent and frequency of posts in this forum too; that in itself is a sign of depression times.

Someone put a little ask wall of 200 coins at 560.5 and it was fully bought into.

Bear Market

[ChartBuddy]

Explanation

[Walsoraj]

http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

In the wake of Bitcoin exchange Mt. Gox announcing that it lost $473 million worth of the virtual currency, many people who saw their money disappear have called for CEO Mark Karpeles to be imprisoned. Well, funny thing: it wouldn't necessarily be the first time Karpeles has been arrested for fraud.

As pointed out to Gawker by a tipster who wishes to remain anonymous, Karpeles seems to discuss a past arrest concerning "payment systems on the internet" in a 2006 post on his blog Magical Tux. The post, like all on the blog Karpeles links to in his Twitter bio, is in French, but the tipster translated the relevant section on his personal Tumblr:

Indeed, during my misspent youth, I made a huge, huge mistake. Enough silliness that I found myself locked into custody and brought temporarily placed in the "mousetrap" (souricière: possibly "n.f. (pol.): 'Baited trap' laid by the forces of law-and-order."). This was followed by an investigation of more than a year, which eventually ended in a trial.

I will not give too much detail about what I did wrong, just say it concerns payment systems on the Internet. I spent two years taking risks becoming larger, perhaps because it was an exciting side … whatever, I ended up getting arrested (in rather bizarre circumstances, noting that when I was arrested, I was just in a police station to file a complaint for something else). Anyway, I was released four days later and placed under "judicial review". Basically I did not have the right to leave France and I had to go regularly to the courthouse to speak to someone who was going to see if I lived in "the right way".

...

In the end, the trial was not concluded too bad for me (3 months suspended sentence disappearing after 5 years, and nothing in the criminal record).

A Google translate for the blog post returns the same story, albeit in less smooth English.

According to Karpeles' blog post, the fallout from this "huge, huge mistake" is why he eventually migrated to Japan, where he now lives. There is almost no evidence of Karpeles' possible past arrest on the internet, perhaps because, as the blog post claims, his sentence would have been wiped from records somewhere around two years ago.

But a recent story in the French paper Le Journal de Sâone et Loire, that includes quotes from Karpeles' mother Anne, says that after starting an IT company in Paris, Karpeles left the city after being caught committing "computer fraud." This small tidbit was noticed by Reddit's Bitcoin forum, but has not yet trickled up to the media until now.

If Karpeles does have a history of committing fraud, it doesn't necessarily mean that he did anything wrong legally or morally with Mt. Gox's Bitcoins. But it probably won't make the people out $473 million sleep any easier.

The Bitcoin community will surely learn a number of lessons from the Mt. Gox disaster, and here is a simple one: when investing in Bitcoin, make sure the guy you're trusting with your money doesn't have a secret past committing fraud. Even if that means finding someone who knows French.

 

[dreamspark]

http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

 

The plot thickens.

Seriously if this is true its just hilarious.

[Spaceman_Spiff]

http://www.zerohedge.com/news/2014-03-02/ukraine-capital-control-crunch-largest-bank-limits-cash-withdrawals-100-daily

Bitcoin user not affected...

[fonzie]

[Walsoraj]

http://www.zerohedge.com/news/2014-03-02/ukraine-capital-control-crunch-largest-bank-limits-cash-withdrawals-100-daily

Bitcoin user not affected...

Everybody not in Ukraine not affected.

[billyjoeallen]

good-sized dump on Stamp. a one-off or beginning of something interesting?

[derpinheimer]

good-sized dump on Stamp. a one-off or beginning of something interesting?

My guess.. a little more dumping.

[JorgeStolfi]

Second:  At this time, there is NO real and/or material evidence that any other exchanges have been engaged in fractional reserve banking or stealing money or security breaches at any level near what seems to have happened with GOX.  And, if audits do take place, and some of these problems exist (which is likely), there is NO evidence that the "problems" are at any level near the GOX situation.

Well... none of the other exchanges has volunteered to give even a rough idea of their financial position, especially how many BTC they owe and how many BTC they own. 

I count that as "real and material" evidence that they must be in some sort of Karpelian situation themselves. 

[JorgeStolfi]

http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

(The page went blank it seems.)

Very interesting.

Didn't Karpeles brag somewhere of having been through tight situations that we cannot imagine, or something like that?

[derpinheimer]

http://gawker.com/does-mt-goxs-ceo-have-a-secret-history-of-online-payme-1534752110

(The page went blank it seems.)

Very interesting.

Didn't Karpeles brag somewhere of having been through tight situations that we cannot imagine, or something like that?

Must be your browser or something, still oads here.

Code:

[quote]In the wake of Bitcoin exchange Mt. Gox announcing that it lost $473 million worth of the virtual currency, many people who saw their money disappear have called for CEO Mark Karpeles to be imprisoned. Well, funny thing: it wouldn't necessarily be the first time Karpeles has been arrested for fraud.

As pointed out to Gawker by a tipster who wishes to remain anonymous, Karpeles seems to discuss a past arrest concerning "payment systems on the internet" in a 2006 post on his blog Magical Tux. The post, like all on the blog Karpeles links to in his Twitter bio, is in French, but the tipster translated the relevant section on his personal Tumblr:

    Indeed, during my misspent youth, I made a huge, huge mistake. Enough silliness that I found myself locked into custody and brought temporarily placed in the "mousetrap" (souricière: possibly "n.f. (pol.): 'Baited trap' laid by the forces of law-and-order."). This was followed by an investigation of more than a year, which eventually ended in a trial.

    I will not give too much detail about what I did wrong, just say it concerns payment systems on the Internet. I spent two years taking risks becoming larger, perhaps because it was an exciting side … whatever, I ended up getting arrested (in rather bizarre circumstances, noting that when I was arrested, I was just in a police station to file a complaint for something else). Anyway, I was released four days later and placed under "judicial review". Basically I did not have the right to leave France and I had to go regularly to the courthouse to speak to someone who was going to see if I lived in "the right way".

    ...

    In the end, the trial was not concluded too bad for me (3 months suspended sentence disappearing after 5 years, and nothing in the criminal record).

A Google translate for the blog post returns the same story, albeit in less smooth English.

According to Karpeles' blog post, the fallout from this "huge, huge mistake" is why he eventually migrated to Japan, where he now lives. There is almost no evidence of Karpeles' possible past arrest on the internet, perhaps because, as the blog post claims, his sentence would have been wiped from records somewhere around two years ago.

But a recent story in the French paper Le Journal de Sâone et Loire, that includes quotes from Karpeles' mother Anne, says that after starting an IT company in Paris, Karpeles left the city after being caught committing "computer fraud." This small tidbit was noticed by Reddit's Bitcoin forum, but has not yet trickled up to the media until now.

If Karpeles does have a history of committing fraud, it doesn't necessarily mean that he did anything wrong legally or morally with Mt. Gox's Bitcoins. But it probably won't make the people out $473 million sleep any easier.

The Bitcoin community will surely learn a number of lessons from the Mt. Gox disaster, and here is a simple one: when investing in Bitcoin, make sure the guy you're trusting with your money doesn't have a secret past committing fraud. Even if that means finding someone who knows French.[/quote]

[Loozik]

Has Karpeles or anybody else from Gox officially told their story of how 850k coins became unaccounted for? hacked / lost wallet / others?

[Amechan]

Has Karpeles or anybody else from Gox officially told their story of how 850k coins became unaccounted for? hacked / lost wallet / others?

NO

[gentlemand]

Nope.

Why would they break the habit of a lifetime and start imparting actual information now? We'll have to wait for the five dollar wrench attack.

[KFR]

Second:  At this time, there is NO real and/or material evidence that any other exchanges have been engaged in fractional reserve banking or stealing money or security breaches at any level near what seems to have happened with GOX.  And, if audits do take place, and some of these problems exist (which is likely), there is NO evidence that the "problems" are at any level near the GOX situation.

Well... none of the other exchanges has volunteered to give even a rough idea of their financial position, especially how many BTC they owe and how many BTC they own. 

I count that as "real and material" evidence that they must be in some sort of Karpelian situation themselves. 

Just not true.  Serious academics shouldn't make such statements - baseless assumptions that a couple of minutes of research would completely debunk.

http://antonopoulos.com/2014/02/25/coinbase-review/
http://blog.coinkite.com/post/77699705732/updated-audit-report-transparency-and
etc.

[kurious]

Second:  At this time, there is NO real and/or material evidence that any other exchanges have been engaged in fractional reserve banking or stealing money or security breaches at any level near what seems to have happened with GOX.  And, if audits do take place, and some of these problems exist (which is likely), there is NO evidence that the "problems" are at any level near the GOX situation.

Well... none of the other exchanges has volunteered to give even a rough idea of their financial position, especially how many BTC they owe and how many BTC they own. 

I count that as "real and material" evidence that they must be in some sort of Karpelian situation themselves. 

I take it the smiley meant that was a joke Jorge.

Keep it sensible, eh?  These are jittery times.  There is no evidence of all exchanges hiding anything like the catastrophe of Gox.