aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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March 06, 2014, 07:46:25 PM |
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We can shift to talk about how I today chose to use the word 'audit' and how one defines an audit but I don't think that's constructive, helpful or even germane to the point I was making.
Aye. This is a behavioural problem which seems to be endemic to those who deride bitcoin. I'm not sure whether it is an intentional assault on good sense, or evidence of an organic problem, but it is amazingly pervasive in that demographic. Certain patterns of fallacy seem to either cause or derive from the oppositional mania. |
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KFR
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March 06, 2014, 07:47:34 PM |
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I love how everyone is double-spacing after their periods now. Its like a blast from the past.
You're pretty unlikely to find anything where I don't do that. Old habits die hard and, as many here have pointed out, if you learned to type when typewriters and word processors were still a thing, it's pretty standard behaviour.  |
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JorgeStolfi
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March 06, 2014, 07:50:14 PM |
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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.
You realise you made an absolute statement there? You surely also now accept that statement was factually incorrect? OK, so enlighten me: how many BTC does Bitstamp own, and how many does it owe its clients (i.e. what is the sum of the BTC balances of their clients' accounts)? Ditto for BTC-e and Bitfinex. |
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KFR
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March 06, 2014, 07:52:12 PM |
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Still not ready to do it, eh?
I'll try one more time.
You said: "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."
Was that factually correct?
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JorgeStolfi
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March 06, 2014, 07:53:21 PM |
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Still not ready to do it, eh?
I'll try one more time.
You said: "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."
Was that factually correct?
Was it not? |
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zyk
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March 06, 2014, 07:54:05 PM |
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why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not   |
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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March 06, 2014, 07:54:31 PM |
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Interesting. I've been waiting on some news to come out so we could judge, based on market reaction, whether we are still in a bear market or not.
Here on the forum the bears are out in full force. But the exchanges have only gone down slightly. This is the kind of semi-neutral news that could be interpreted good or bad, with a slight lean towards bad.
But the exchanges are holding their own so far. If we go up from here, I might reconsider whether this bear market still has legs.
don´t see any bears here yet besides me and kaspar Right. But the two of you are taking up over 50% of the posts. Your enthusiasm about this news is obvious and representative. its not enthusiasm believe me....its just feeling culpable for having sold the goxcoins profiteering from other peoples Stockholm syndrom.. or who were blinded to see through this " making the Ponzi work to rid the last idiot of his monies" which is still going on because nobody wants to accept the fact that there have been 800000 stolen coins sold down to a hundred dollars at empty Gox..... I would be rather worried that the plug is again pulled- why not tomorrow morning ? - nobody else suspicious why it is being held at 650 if you ´d really come to your senses thinking the matters through ? ok then cheers I don't doubt that there are various plots to undermine BTC prices and to undermine the whole public perception regarding BTC. HOWEVER, the prices are ONLY going to be able to be held DOWN for so long. After a while the dam is going to have to burst b/c the whale bots are NOT going to be able to stop the upward momentum... whether that takes a few days, a few weeks or several months, the time is gonna come.. likely before the end of the calendar year in which we are probably be in the $1500 or more area.. outside of the control of the whale/bot manipulators or whoever else may be engaging in tactics to keep BTC prices down. |
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Solarstorm75
Member
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Activity: 70
Merit: 10
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March 06, 2014, 07:54:54 PM |
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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.
You realise you made an absolute statement there? You surely also now accept that statement was factually incorrect? OK, so enlighten me: how many BTC does Bitstamp own, and how many does it owe its clients (i.e. what is the sum of the BTC balances of their clients' accounts)? Ditto for BTC-e and Bitfinex. Don't know, if posted already: https://www.bitstamp.net/article/statemen-regarding-recent-third-party-audit-report/ |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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March 06, 2014, 07:55:25 PM |
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why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not English please. |
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JorgeStolfi
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March 06, 2014, 07:55:35 PM |
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Still not ready to do it, eh?
Up one level. Are you trying to argue that there is no risk that other exchanges will go MtGOX's way? |
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JorgeStolfi
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March 06, 2014, 08:00:07 PM |
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OK, so enlighten me: how many BTC does Bitstamp own, and how many does it owe its clients (i.e. what is the sum of the BTC balances of their clients' accounts)? Ditto for BTC-e and Bitfinex.
Don't know, if posted already: https://www.bitstamp.net/article/statemen-regarding-recent-third-party-audit-report/[/quote] I see. For you "audit" means a statement by the company that they have done an audit and everything was OK. So it was only a misunderstanding on the meaning of that word, sorry. |
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KeyserSoze
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March 06, 2014, 08:01:47 PM |
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Still not ready to do it, eh?
Up one level. Are you trying to argue that there is no risk that other exchanges will go MtGOX's way? LOL, Jorge's dodge reminds me of DEA Administrator Michele Leonhart dodging questions from Congressman Jared Polis. https://www.youtube.com/watch?v=kFgrB2Wmh5s |
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KFR
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March 06, 2014, 08:02:48 PM |
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Still not ready to do it, eh?
I'll try one more time.
You said: "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."
Was that factually correct?
Was it not? You know it wasn't. The cognitive dissonance on display here is astounding. I immediately threw up two links - which you yourself could and should have known about that clearly demonstrated at least two "exchanges volunteering to give a rough idea of their financial position." So. No. It wasn't factually correct. It was presented as so. Somewhere therein lies the problem. I'll leave the complexities of that for you to resolve. |
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zyk
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March 06, 2014, 08:03:05 PM |
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why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not English please. "Working on Bitcoin's core code is really scary, actually, because if you wreck something, you can break this huge $8 billion project," says Andresen. "And that's happened. We have broken it in the past." |
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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March 06, 2014, 08:04:29 PM |
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Not yet, there is a planned number that's not yet reached... Do you really think satoshi would have imagined that bitcoin would reach $1000 when he first started? IF he had a planned number, im pretty sure we have already reached it. Are you telling me that it even doesn't make sense to Satoshi that bitcoins price is this high?  Depends on your view. Do you really think that satoshi thought bitcoin would go to $1000 when he started at $0? I think that Satoshi thought that bitcoin will go to $1000 and not stop there. I thing that Satoshi estimated bitcoin maximum final price to be either $160 000 (replacing annual VISA volume) or $330 000 (replacing gold) or $800 000 (replacing USA GNP). He did not estimate bitcoin to go over $4 500 000 (If all the world economy was converted to bitcoins.). That would be totally amazing if bitcoin were to take over all of the world economy... and really that kind of scenario seems pretty highly unlikely... b/c there would seem to be some value in retaining some value in other asset classes.. besides bitcoin.. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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March 06, 2014, 08:04:41 PM |
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why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not English please. "Working on Bitcoin's core code is really scary, actually, because if you wreck something, you can break this huge $8 billion project," says Andresen. "And that's happened. We have broken it in the past." Thanks for that, but I was wondering if someone could translate this: "why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not " to English? |
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KFR
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March 06, 2014, 08:06:33 PM |
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Still not ready to do it, eh?
Up one level. Are you trying to argue that there is no risk that other exchanges will go MtGOX's way? No. You've made that up entirely. I'm not the one overstating his position here. Once more, for the cheap seats, you said "none of them have even tried to do anything about being transparent." I'm having to paraphrase for risk of repeating it yet again. I said, "BS - here's two that have." Now you're trying to shift the argument to "So none of the others are at risk, then?" Well, I'm not playing. I can stick to what I've said all along - can you? |
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zyk
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March 06, 2014, 08:11:17 PM |
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why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not English please. "Working on Bitcoin's core code is really scary, actually, because if you wreck something, you can break this huge $8 billion project," says Andresen. "And that's happened. We have broken it in the past." Thanks for that, but I was wondering if someone could translate this: "why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not " to English? sometimes reading is not enough....to be really satisfied, you got to take the sentences read as a kernel for your own cascade of thoughts theretofore its productive in the first place to have more then one possibility when thrown in translation endeavours... |
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JayJuanGee
Legendary
Offline
Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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March 06, 2014, 08:12:28 PM |
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I see. For you "audit" means a statement by the company that they have done an audit and everything was OK. So it was only a misunderstanding on the meaning of that word, sorry. [/quote] Even though they do NOT provide a number, it is quite amazing if any exchanges are holding, in trust between 1 and 2 million bitcoins.... |
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