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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484761 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
isov
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March 07, 2014, 01:09:44 PM

I don't KNOW anything but I think its quite sure that this Dorian guy isn't the real Satoshi. I feel like he is too old and in many other ways it just doesn't seem to add up.
JorgeStolfi
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March 07, 2014, 01:09:48 PM

You have to pay the VAT on every buy on Bitcoin or gold? This seems not to be right...

That depends on where you live. Different countries have different rules. Some charge VAT, some don't.

Is VAT due (in principle, if not in practice) on barter transactions?

I suppose that any government that collects VAT (or sales tax) will want to collect it when someone buys things with bitcoin -- even if BTC-EUR or BTC-GBP transactions are exempted.

TooDumbForBitcoin
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March 07, 2014, 01:21:07 PM

Chartbuddy disappears on March 3.

Three days later Satoshi is resurrected.

Coincidence - or did I just blow your mind?

elebit
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March 07, 2014, 01:24:53 PM

Is VAT due (in principle, if not in practice) on barter transactions?

If you charge a fee to make a barter transaction, that fee is seen as providing a professional service, which should carry VAT. Only certain items are exempt from this.

Quote
I suppose that any government that collects VAT (or sales tax) will want to collect it when someone buys things with bitcoin -- even if BTC-EUR or BTC-GBP transactions are exempted.

Indeed, if Bitcoin is a currency. If I had to guess, I would guess that it is only a matter if time until this is the case everywhere.,
JorgeStolfi
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March 07, 2014, 01:26:21 PM

I don't KNOW anything but I think its quite sure that this Dorian guy isn't the real Satoshi. I feel like he is too old and in many other ways it just doesn't seem to add up.

I was quite disappointed by the /Lord of the Rings/ movie too, the characters did not look at all like I had imagined them.  Smiley
heslo
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March 07, 2014, 01:32:07 PM

I don't KNOW anything but I think its quite sure that this Dorian guy isn't the real Satoshi. I feel like he is too old and in many other ways it just doesn't seem to add up.

I was quite disappointed by the /Lord of the Rings/ movie too, the characters did not look at all like I had imagined them.  Smiley

Cheesy
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March 07, 2014, 01:32:19 PM

I don't KNOW anything but I think its quite sure that this Dorian guy isn't the real Satoshi. I feel like he is too old and in many other ways it just doesn't seem to add up.

I was quite disappointed by the /Lord of the Rings/ movie too, the characters did not look at all like I had imagined them.  Smiley
Somehow, hobbits used to be green in my mind  Grin.  Loved the overall feel of the movie though (except for the Frodo-Sam lovefest  Wink).
JorgeStolfi
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March 07, 2014, 01:33:17 PM

Is VAT due (in principle, if not in practice) on barter transactions?

If you charge a fee to make a barter transaction, that fee is seen as providing a professional service, which should carry VAT. Only certain items are exempt from this.

I meant a VAT on the barter itself.  Say, if one trades 100,000 EUR worth of salted pork bellies for a 100,000 EUR car, is he supposed to pay VAT or other taxes on the 100,000 EUR?
JorgeStolfi
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March 07, 2014, 01:38:51 PM

Loved the overall feel of the movie though
Me too, once I got over the new face shock.  Smiley
Seedeer
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March 07, 2014, 01:55:47 PM

Quote
Satoshi Nakamoto Denies Being Creator of Bitcoin
That's the funniest thing I've seen today.
portfail
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March 07, 2014, 02:10:25 PM

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.
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March 07, 2014, 02:12:59 PM

By the way, if you find it hard to believe that a man in the situation of Dorian Nakamoto could invent bitcoin and not cash out a single coin: check Grigori Perelman, who settled the Poincaré Conjecture and then turned down the Fields Medal and a 1,000,000 US$ prize:

https://en.wikipedia.org/wiki/Grigori_Perelman
http://brettforrest.com/articles/shattered-genius/
ShroomsKit_Disgrace
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March 07, 2014, 02:18:58 PM

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.

I dont get what is happening there...

Can anyone explain?
hdbuck
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March 07, 2014, 02:21:56 PM

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

That's some top notch trading you did. Excelsior!

Agreed, that's just fucking dumb. You make trading decisions based on the BS in this topic? xD

lmao. poor underdawg. Grin
i make trading decision based on the BS in this topic by doing the exact opposite all the time Cheesy
Hfertig
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March 07, 2014, 02:29:56 PM

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.

I dont get what is happening there...

Can anyone explain?

Speculating !! Part of a MTGox Bailout ?
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March 07, 2014, 02:30:40 PM

By the way, if you find it hard to believe that a man in the situation of Dorian Nakamoto could invent bitcoin and not cash out a single coin: check Grigori Perelman, who settled the Poincaré Conjecture and then turned down the Fields Medal and a 1,000,000 US$ prize:

https://en.wikipedia.org/wiki/Grigori_Perelman
http://brettforrest.com/articles/shattered-genius/

I too think it is him.
hdbuck
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March 07, 2014, 02:33:06 PM

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.

I dont get what is happening there...

Can anyone explain?

Speculating !! Part of a MTGox Bailout ?

mark's just moving coins to buy some frapuccinos.
koryu
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March 07, 2014, 02:34:48 PM
Last edit: March 07, 2014, 02:51:23 PM by koryu

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.

I dont get what is happening there...

Can anyone explain?


i follow gmaxwell/nullc on reddit and he speculates:

Quote
200kBTC has been transferred from suspected gox controlled addresses to new addresses, and then part of those funds has been transferred again and again, being broken into small pieces in a manner consistent with the MTGox software and operations for their online wallet. Some transactions spending coins involved in this are showing up in the MTGox api.
I would speculate they are preparing to bring their site back online in some capacityl
Sorry for the lack of links, this all follows directly from the transaction ID in the thread title and the other links I've posted.

source: http://www.reddit.com/r/Bitcoin/comments/1zsr6g/the_megahuge_addresses_tied_to_gox_that_just_got/cfwnqc9


its an uncertain situation, not sure what happens and where we go now. lets hope they are not going to gox us one last time.
but for those who own goxcoins there is a little hope.

Hfertig
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March 07, 2014, 02:41:21 PM

It does appear that the coins are doing something at Gox.
Let´s say an early adopter agreed to provide 200.000 coins and help MTGox to come back up.
What would the implications be ?

a) Lot´s of coins which will be withdrawn and dumped on other exchanges
b) confidence raises and we are going to the moon

I vouch for a)
portfail
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March 07, 2014, 02:52:29 PM

Guys are you following this development:
http://www.reddit.com/r/Bitcoin/comments/1zswul/graphs_change_at_httpcoinsightorgmtgoxhtmlnew_20k/?sort=confidence

Gox api broadcasts 20k transaction today.Investigation links it to the 200k moving today.Splitting looks to follow a line in the leaked PHP code.

I dont get what is happening there...

Can anyone explain?

Well i am looking for more indepth answers as well but here is my take:

Back when gox was suffering from stuck transaction someone made a graph to track the transactions broadcasted by the gox api.Those of them that were not included in the blockchain showed as "stuck" accumulating to 70k at the peak.It was believed that this was happening because some of the inputs of those transactions were from newly mined coins which can't be spent before 100 confirmations.Then when tx malleability came to the spotlight that was the most probable explanation-that these inputs were already spent with other txID.

Now for the first time since gox closed a big 20k transaction was broadcasted by their api.It showed as a spike in the stuck transaction graph till it was included in the blockchain.

Today there is a 200k address that is being followed by the community,previously linked to gox wallets which is spitted 60:40% at every new mined block.

This post by Gregory Maxwell makes a link between the 20k transaction from gox api and 200k coins that are moving today.
http://www.reddit.com/r/Bitcoin/comments/1zshct/4ee89f7cf824a85ad5f11d52604ffdebe9f01302bcea8ddec0/cfwnd2v
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