Loozik
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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March 02, 2014, 10:58:51 PM |
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Has Karpeles or anybody else from Gox officially told their story of how 850k coins became unaccounted for? hacked / lost wallet / others?
NO Has anyone already established through which exchange these unaccounted coins were already routed and partially used for market making?
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JorgeStolfi
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March 02, 2014, 11:02:31 PM |
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Must be your browser or something, still loads here.
Thanks. It loads now.
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explorer
Legendary
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Activity: 2016
Merit: 1259
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March 02, 2014, 11:10:14 PM |
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SPAM
WTF? you keep posting the same shit all over the place, word for word reposts. NOT. RELEVANT. SPAM. goodbye.
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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March 02, 2014, 11:14:52 PM |
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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 160.5 and it was fully bought into.
Wasn't bought, he mostly pulled it. He is playing some game / bot. I wonder whether he was testing if 560 is some sort of ghost bid wall or if he is trying to get upwards momentum before dumping? I think they put the wall there.. to attempt to force the prices down to make it appear that there is more people willing to sell than actually exist.... but he does NOT want to sell at that price b/c he would likely lose his ass when the price goes up... he is just trying to force the sale of BTC by others.. NOT by him
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zyk
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March 02, 2014, 11:19:27 PM |
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Has Karpeles or anybody else from Gox officially told their story of how 850k coins became unaccounted for? hacked / lost wallet / others?
NO Has anyone already established through which exchange these unaccounted coins were already routed and partially used for market making? Dream on- they are sold already and the balance went offshore but still used to pay laywers!!
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 02, 2014, 11:24:21 PM |
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Can someone give me a brief background on the 2011 crash? Was it just a hack of Gox driving the price from $30 to $2 over an extended period?
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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March 02, 2014, 11:25:14 PM |
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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-andetc. Personally, I would NOT be surprised if there are many discrepancies in various exchanges; however, at this point we would be engaged in a high level of speculation to assume that any discrepancies in other exchanges (such as Bitstamp or BTC-e) rise anywhere near the GOX level of incompetency and/or fraud.
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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March 02, 2014, 11:46:10 PM |
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Has Karpeles or anybody else from Gox officially told their story of how 850k coins became unaccounted for? hacked / lost wallet / others?
NO Has anyone already established through which exchange these unaccounted coins were already routed and partially used for market making? Dream on- they are sold already and the balance went offshore but still used to pay laywers!! well there is option that you are right and perhaps you are. But sometimes it is good to believe
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zyk
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March 02, 2014, 11:51:03 PM |
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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-andetc. Personally, I would NOT be surprised if there are many discrepancies in various exchanges; however, at this point we would be engaged in a high level of speculation to assume that any discrepancies in other exchanges (such as Bitstamp or BTC-e) rise anywhere near the GOX level of incompetency and/or fraud. If you still believe you will see your assets again if you are not the first to GTFO then just watch how Mark is playing his heist....nothing easier then even being protected from the creditors, depositors (suckers) and hide all traces if you have that much money to bribe yourself in the sunset! to "believe" otherwise is the Stockholm Syndrom
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JorgeStolfi
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March 02, 2014, 11:51:15 PM |
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Thanks for the link. Right, and I forgot also that Roger Ver did a similar audit of MtGOX and certified that they were fully solvent. For over 10 years I have been explaining to people down here that is a fully-digital voting machine prints the total votes in two different formats, and the printouts match, it does not follow that the totals are correct. Most people understadn that, unfortunately not the people who are in charge of our voting system. So Mr. Antonopoulos was shown two numbers by Coinbase, the total BTC balance of their clients and the total number of BTC in their cold storage wallets. He checked the latter, and since the two numbers matched, he vouched for Coinbase not being Karpelian. At least he did a more thorough audit than Ver, who was shown bank statements about the value of "A" and vouched that "(A+B)-(X+Y)" was positive. And neither Ver nor Antonopoulos told us the actual numbers... That site is unreachable now, may be a problem with my network here. Will check when it comes up. Isn't that the new exchange that vowed to be transparent? etc.
The "etc" does not include BTC-e, does it? Or Bitstamp, or Bitfinex? AFAIK, those three are now the largest exchanges outside China, and the rest is small crumbles.
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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March 02, 2014, 11:53:14 PM |
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stable price is not a good time for day traders, thats why I started to gamble and invest in all those ponzie schemes. Call me crazy but at the begining I lost a bit but I've made 1 BTC profit already. At the moment http://ponzicoin.co/ is the most stable and profitable ponzie and if I were you I would invest there, small amount just for fun. Avoid the ponzis, I've made over100% in 24hrs trading fake Gox Bucks over at https://www.bitcoinbuilder.com/
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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March 02, 2014, 11:56:17 PM |
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Can someone give me a brief background on the 2011 crash? Was it just a hack of Gox driving the price from $30 to $2 over an extended period?
The 2011 crash proved that the market is far bigger than any one player. The price went from <$1 to $30 very fast and corrected in a steady downtrend. MtGox was then compromised (apparently via accountant's login) and the order book sold down to zero. This caused volatility and gox closed for 8 days while accounts were restored. After gox came back he market continued the downtrend from where it was before the gox problem occurred.
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Loozik
Sr. Member
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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March 02, 2014, 11:58:54 PM |
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The 2011 crash proved that the market is far bigger than any one player. The price went from <$1 to $30 very fast and corrected in a steady downtrend. MtGox was then compromised (apparently via accountant's login) and the order book sold down to zero. This caused volatility and gox closed for 8 days while accounts were restored. The market continued the downtrend from where it was before the gox problem.
It was a badly executed flashcrash by the market maker.
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EuroTrash
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March 03, 2014, 12:00:11 AM |
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Wow. Someone slammed on that market buy button pretty hard.
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MAbtc
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March 03, 2014, 12:06:41 AM |
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1500 bid wall at $563. Hmmm.
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EuroTrash
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March 03, 2014, 12:08:05 AM |
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Fucksake why does all exciting stuff happen while I am supposed to be sleeping?
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Tyson95
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March 03, 2014, 12:09:05 AM |
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1500 bid wall at $563. Hmmm.
Yeah this will get interesting
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smiley123
Member
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Activity: 101
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March 03, 2014, 12:09:24 AM |
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Maybe his Monday Fiat arrived.
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adsdas
Sr. Member
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Activity: 337
Merit: 250
https://streamies.io/
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March 03, 2014, 12:09:31 AM |
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To the moon!
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