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

[ChartBuddy]

Explanation

[billyjoeallen]

http://www.newsweek.com/newsweeks-statement-bitcoin-story-231242

"Moreover, it encourages all to be respectful of the privacy and rights of the individuals involved.~Newsweek

We have a winner for the WTF award.

[ChartBuddy]

Explanation

[600watt]

http://www.newsweek.com/newsweeks-statement-bitcoin-story-231242

"Moreover, it encourages all to be respectful of the privacy and rights of the individuals involved.~Newsweek

We have a winner for the WTF award.

It is natural and expected for a major news revelation such as this to spark debate and controversy. Many of the greatest journalistic scoops have prompted similar reaction.

man, they suck. they are actually taking the heavy criticism for their most embarrassing fuck up in 80 years as a sign of merit.

media is pointing at bitcoin ? to me, bitcoin is pointing at the media. bitcoin has thought me more about mainstream media than anything else.

[threecats]

some kind of hidden ask bot soaking up massive ammounts in 2 btc increments around 639 - 640 on BFX  the last hour ....

[ChartBuddy]

Explanation

[ShroomsKit_Disgrace]

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it? 

[podyx]

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it?  

it was illegally shared

might have something to do with it

in other news: winklevosses dumping on our asses  http://www.reddit.com/r/Bitcoin/comments/2004fg/111k_coins_just_moved_any_information_on_this/

[N12]

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it? 

Yes, it contains wallet stealers (the exe, and possibly the pdf) in addition to sensitive data on everyone who ever used MtGox, and even everyone who ever transacted with MtGox addresses indirectly. Report it where you see it.

The hacker was very clever.

[molecular]

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it?  

it was illegally shared

might have something to do with it

in other news: winklevosses dumping on our asses  http://www.reddit.com/r/Bitcoin/comments/2004fg/111k_coins_just_moved_any_information_on_this/

SR?

[Rampion]

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it? 

Yes, it contains wallet stealers (the exe, and possibly the pdf) in addition to sensitive data on everyone who ever used MtGox, and even everyone who ever transacted with MtGox addresses indirectly. Report it where you see it.

The hacker was very clever.

Well, including executable files in what should be a database dump is very fishy indeed. I didn't click on those, that's for sure.

I'm much more worried about the huge privacy leak. The vast majority of people involved in BTC just got doxxed, and their aprox. balances/holdings are now public (at least among the criminal community). 

I guess we will see a spike in the guns for BTC trades. And I hope this reminds everybody how important is to mix our coins, ALWAYS. No excuses. If you ever used Gox and used your real name, now your addresses are linked to your identity and criminals are analyzing that shit. The final goxxing.

[ChartBuddy]

Explanation

[JayJuanGee]

I get the sense that he is a 24 year old that did NOT realize that he was getting in over his head, and the government was setting him up b/c of his role in bitcoin.  From what little I know about Shrem, I doubt that he had criminal intentions.

We should not get ahead of the tribunals, but have you read the document?
http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR/Faiella,%20Robert%20M.%20and%20Charlie%20Shrem%20Complaint.pdf
(Check the details of Count Four, specifically.)

I had NOT previously read through the charges document.  I understand that in order to get this past a judge, prosecutors need plea evidence specific enough, that if true, would be a prima facie case of a violation of the law.  However, if the matter goes to court, they have to prove all of the applicable alleged facts are in fact true and would arise to a violation of the law, and mitigating factors are NOT sufficient in order for a jury to find that Shrem had criminal intent.  Even glancing over count four, I cannot tell whether Shrem is some kind of evil guy acting with bad intentions - that he knowingly was engaged in some kind of joint operation with BTCKing.  Surely, when Shrem was dealing with millions of dollars; probably, it would have been advisable to receive legal consultation concerning his actions.  I thought that Shrem was attempting to run a legitimate bitcoin business, but maybe he got too involved.  Also, there may be some mitigating circumstances also that could let Shrem off the charges b/c Shrem was NO longer engaged in business relations with BTC King between late 2012 into 2013.

The issue is not whether Shrem is innocent or not, but what is sensible policy for a Foundation or other people who wish for bitcoin to succeed.  Like in the case of MtGOX, it seems that people cannot separate personal friendships from the promotion of bitcoin; almost if "bitcoin" was a specific group of people, rather than a computing/economics project.

Who is to say?  I would imagine that members of the board of the bitcoin foundation are quite attached to Shrem..  From my understanding, they are NOT unified in their opinion about whether to associate with him or whether they should help him or associate with him.  I heard an interview with Shrem, and he was a point person between the bitcoin foundation and GOX and the bitcoin foundation was involved in working with GOX.  Shrem may have access to information to which other bitcoin foundation members do NOT have access.  And, there is some utility in that.

Karplees and Shrem are NOT the same people.  Accordingly, Karpeles may have irritated bitcoin foundation members more b/c he was engaging in activity that seemed to be more damaging to bitcoin as a whole - even though Karpeles has NOT been brought up on any charges, yet.


Surely, these are recent evolving developments, and we do NOT know (at least I do NOT know) the level upon which members of the bitcoin foundation had personal relations with either Karpeles or Shrem, and surely it is possible that the bitcoin may take a vote and take an official position to support or to distance themselves from either Karpeles or Shrem.

[threecats]

Is anyone else watching that bot eating up the buy offers on BFX?? 2 btc five times a minute for almost two hours now. Soaking up all the mkt.  energy.

[dreamspark]

Yes it is strange, its a lesson in how to do it though, rather than jsut market sell and let it rip through the book!

[JayJuanGee]

 

I understand that it can be difficult to make changes in law or society - especially, the larger the community.  Don't get me wrong, I do NOT appreciate having certain rule imposed upon me; however, I try to find ways in which I can accept and live in harmony without proclaiming that the government is some alien entity that is separated from my human interests.  Personally, if I were to pick one thing that irritates me the most about government is NOT the concept of taxes, but instead it is the fact that money has too much influenced government and those with a lot of money are NOT paying their fair share of taxes.  Accordingly, regular people have to pay more taxes b/c of the money corruption  that has infiltrated into the most recent government(s)... worse in the past 20 years or so.

I don't agree to disagree when the issue at hand is whether or not I am a slave. This isn't hyperbole. I can't leave the country without permission and even if I am allowed to leave, I still must file U.S. tax returns for ten years. I can't vote to change the system. There is no option on the ballot to leave the elected posts empty for the next term. Democracy is not consent of the governed anyway; it is consent of the majority or more accurately the plurality.

Slavery won't go away because it is immoral. It will go away because it is economically obsolete. There's just not much profit in it anymore and it is becoming less profitable by the day.

I am sad that you live in a state of mind that you feel that you are being forced.  Yes, I agree with the government in A LOT of ways; however, mentally, I recognize the fact that I live in a community of people.  The world is NOT just about me, and in this community of people, a variety of compromises have been made.  Some of the compromises are pure bullshit... Well, maybe a lot of them are pure bullshit that are in place to oppress people.  I recognize the law as a weapon of the rich to oppress the poor - however, it seems that my mentality is different from yours b/c I am NOT going to expend all of my energies bitching and moaning about how unfair it is and suggesting that the only solution is to throw out the baby and the bathwater by some kind of ousting of government.  That is too outrageous b/c there are a lot of people in the community, besides me.   

Personally, I believe that if there were ways to remove money influence in politics, and we were able to elect people to serve the interests of the people as a whole, rather than the rich, then we would move a long way towards a better society. 

If you and I sat down for a beer, I am sure that there would be a lot that we would agree upon, but I am NOT going to agree that the starting place is to shut down government (tomorrow or next week).  Change needs to be more incremental and focused, if such change is going to be meaningful and a product of society rather than a product of the will of only a few.

How can you possibly infer that opposition to monopoly governance equates to opposition to community? That's the most baffling non sequitur I can imagine. If you think rule of law is essential (and it is) then you cannot let the law be subverted by allowing one entity only to interpret and enforce that law, because then you effectively have rule of man and not rule of law. Of course politicians are going to be bribed and the wealthy are going to bend the State to their will. They have the incentive to do so. No reform is possible with the existing incentive structure in place. I'm not advocating an armed insurrection. That would be futile. I am advocating participation in the system to the least amount possible until in crumbles under its own weight. 

I still ponder over whether we made any progress in our conversation regarding this topic.   I remain of the position that it is my belief that government serves way to many roles to either discontinue it or to completely ignore it.  If you do NOT participate in government, then others will, and the others who are participating are going to have more power and leeway b/c you are NOT participating.  I do NOT see that as a solution that will cause some ultimate pie in the sky collapse... as you are suggesting.  I also find it very unproductive for people to be spouting off that government is NO good without offering solutions.    I seem to be repeating myself.. in regard to saying that I cannot see it productive to just say get rid of all government.. makes little to NO sense to me.

[threecats]

Yes it is strange, its a lesson in how to do it though, rather than jsut market sell and let it rip through the book!

hehe but those market sells are so much more fun to watch : - )

my guess is he has sold about 500 btc in the last two hours. shows a bit about how lively the market appetite is. or unwitting. plus there's that 10,000 btc cloud overhead ...

[JayJuanGee]

Jay

If someone tells you they are going to buy drugs with bitcoin then you have a legal duty not to sell bitcoin to them.   Just like you have a legal duty not to sell someone a pillow if they tell you they are going to use it to asphyxiate their mother in law. And no this is not a govt conspiracy against pillow dealers.

http://en.m.wikipedia.org/wiki/Accessory_(legal_term)

Thatt you may consider this to be an unreasonable intrusion of the government into your affairs is not particularly relevant.

We are dealing with floating facts, here. 

Also, I understand that there are laws, so YOU do NOT need to lecture me on relevancy of certain laws to the facts that we are batting around.....


If I were in the business of trying to get rid of my bitcoins through localbitcoins and attempting to eek out a living.. I could give a flying fuck, what people are using the bitcoins for, and I find it completely troubling that they want to tell me that they are going to do something illegal with them..... b/c I could care less.... and I do NOT need to know those kinds of details,,,,   Most people are NOT going to be so stupid as to involve you or to tell you that they are going to use the btc to engage in illegal activity.. (same with cash if I was giving someone cash for gold... they gave me gold and told me what they were going to do with the cash.. I dont care).... .... and especially, some 20 year old kids are NOT going to know the difference...  b/c they are merely just trying to sell some bitcoins and to make a profit...  so it is kind of a set up for some stupid ass FBI agents to be telling people these things about how they plan to use their bitcoins to buy drugs or to be able to hire a killer or some thing in order to attempt to get the 20 year old kid involved... the kid doesnt care.. just wants to make money on the bitcoins...  The FBI agent is telling details in order to set up the kid for a sting.. ...     THAT'S RIGHT.

ON the other hand, once we know that there is this kind of FBI targeting of people on localbitcoins who are just trying to make some cash to accuse them of being some kind of accomplice... therefore, some of them (Including myself if i were to do it), would chose NOT to sell bitcoins to people who are spouting off about doing illegal activities with their bitcoin.

It's the same if I am trying to sell my motorcycle... and I am getting a little bit desperate b/c NO one wants to buy it for $2,000.  Everyone who contacts me is offering me less than what it is worth.  Finally, I get someone who says that he will pay me $2000 for it...  and I am happy and O>K... let's just do the deal.. why the fuck do you need to tell me that you are going to use the motorcycle to rob a bank... I do NOT care and I do NOT want to know what the fuck you are going to use it for... and most people who really were going to use it that way would NOT tell those kinds of details..   And, all I want to do is to sell you my motorcycle.. and i do not give a shit about what you are going to use it for.. I am NOT trying to enable you to rob any bank... even though that ends up being the result... .and then I am pissed off b/c I cannot sell my motorcycle b/c you had to go and tell me what you were going to use it for...

[dreamspark]

A random dump then or are we generally heading down to start the week off?

[JayJuanGee]

From http://www.reddit.com/r/Bitcoin/comments/1zz21j/mtgox_2014_hack_database_revealed_live_from_mark/, presumably derived from the database leak:

Balance SUM for ALL USERS by currency.    
[][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][]    
Currency: AUD     Balance:     924,124.65121    
Currency: BTC     Balance:     951,116.21905382  <-- That fat fuck has been lying!!    
Currency: CAD     Balance:     320,184.36558    
Currency: CHF     Balance:      99,487.07308    
Currency: CNY     Balance:     297,775.78994    
Currency: DKK     Balance:     112,264.56207    
Currency: EUR     Balance:   5,634,625.59531    
Currency: GBP     Balance:     921,892.96793    
Currency: HKD     Balance:     740,519.14894    
Currency: JPY     Balance: 384,885,150.13700    
Currency: NOK     Balance:      91,346.00305    
Currency: NZD     Balance:      58,224.95320    
Currency: PLN     Balance:   1,645,194.67364    
Currency: RUB     Balance:     551,162.54477    
Currency: SEK     Balance:      15,335.84383    
Currency: SGD     Balance:      43,193.59706    
Currency: THB     Balance:     666,464.33497    
Currency: USD     Balance:  30,611,805.67481    
[][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][]    

Total BTC Deposits:  19,065,241.307202      
Total BTC Withdrawl: 18,563,466.149383    
------------------------------------    
BTC Difference:         501,775.157819    

[][][][][][][][][][][][][][][][][][][][][][][][][][][][][][][]    

Note that, if this is legit, it does not show what MtGOX had, but what it owed to its customers at the time the database snapshot was taken. (Is this right?)

EDIT: markup

And, ONE Of my problems with this data, is that I cannot figure out from when the data snapshot was.  What's the date?

Why did the "MTGOX HACKED!!!" thread dissapear? Did Blitz erase it? 

it was illegally shared

might have something to do with it

in other news: winklevosses dumping on our asses  http://www.reddit.com/r/Bitcoin/comments/2004fg/111k_coins_just_moved_any_information_on_this/

Aren't they starting the winkdex... they are going to need to transfer some coins around in order to get the winkdex started, no?