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

[Tzupy]

bulls are praying that tim draper buys them all again.

He is joining a syndicate this time.  So, probably, he does not intend to buy even a whole lot of 10'000 BTC.

He is probably not buying, but uses this for damage control. If he would stay out of the auction at currently much lower prices, he'd send a bearish signal.

[justusranvier]

I see you understand. Thankfully you understand all too well that the main point of all of this is that by suggesting a more civil tone towards any potential woman who may frequent this forum, it is you who are the victim. I just hope every woman who reads our little discussion understands that they should either post pictures of themselves in bikinis in the forum or pretend to be a guy, so that your fragile manhood stays intact.

I have a difficult time reconciling your apparent strong concern for civility and avoiding offense with your choice of name.

[ChartBuddy]

Explanation

[JorgeStolfi]

A progress report by the MtGOX trustee on his actions since the previous meeting:
https://www.mtgox.com/img/pdf/20141126_document.pdf
(Dated 2014-11-26, translation at the end.)

Some highlights: Mark Karpelès and his other companies took over 10 million dollars in loans from MtGOX, the trustee is trying to get them to pay the loans.  The law says refund must be in yen but he is looking whether it is possible to return the bitcoins as bitcoins.  There are inconsistencies in the MtGOX records, which are being investigated.  He has control of ~202 kBTC so far.

[Omikifuse]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop). 

They can use mixers to avoid the tracking

[gotmilk_]

bulls are praying that tim draper buys them all again.

He is joining a syndicate this time.  So, probably, he does not intend to buy even a whole lot of 10'000 BTC.

Source?

[jonoiv]

Here's some nice flowers and kittens. For the ladies

Sexist Pig!!!

[Tzupy]

Here's some nice flowers and kittens. For the ladies

Not only for the ladies, they are adorable, thank you!

[Fatman3001]

I see you understand. Thankfully you understand all too well that the main point of all of this is that by suggesting a more civil tone towards any potential woman who may frequent this forum, it is you who are the victim. I just hope every woman who reads our little discussion understands that they should either post pictures of themselves in bikinis in the forum or pretend to be a guy, so that your fragile manhood stays intact.

I have a difficult time reconciling your apparent strong concern for civility and avoiding offense with your choice of name.

I am not extremely concerned with civility, but when it intentionally or unintentionally harms specific groups that already have a though enough time in society I would suggest that we stop and think. Not just jump on the defensive immediately to torpedo whoever raises concern about it.

Regarding the nick. It was my nick back when I was part of an Amiga Demo group in the early 90s. And although some japanese may take offense, I would advice them not to try taking over the world and slaughter over 20 million chinese and koreans. It was also a cartoon character and a game for the Amiga.

[NotLambchop]

A sexism thread?  Really?



Good morning gentlemen.  Haz we very stage 2 ignition?

[JorgeStolfi]

[Tim Draper] is joining a syndicate this time.  So, probably, he does not intend to buy even a whole lot of 10'000 BTC.

Source?

I thought that I posted it yesterday:
https://medium.com/@MirrorHQ/mirror-creates-syndicate-for-the-december-2014-usms-bitcoin-auction-45870def4f91

[JimboToronto]

[MrPiggles]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop). 

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

you fuckin spastic

[ChartBuddy]

Explanation

[JorgeStolfi]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop). 

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

[oda.krell]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop). 

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

There's ways to tumble that are, by social insights, unlikely to be honey pots. Yes, you read that right: places that an informed member of the community has reasons to trust are not set up s.t. that they are likely to allow tracking of a trail of coins. Use two or three of those in sequence, and you have pretty likely achieved the result you want: LE won't be able to track those coins back to you.*

The point is, coin tracking is the least of the concerns for LE. They have an entire database of customer names and addresses, in half of the cases, probably not encrypted, or in those cases where the data is encrypted, an arrangement can be made to present the key. I hope nobody trusts that anonymous drug dealer X is willing to spend an extra 2 years in jail to fulfill his libertarian duty of sticking it to the man.




* Yes, no need to tell me that this is ironic, because it goes completely against the idea of an algorithmic trustless solution.

[criptix]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop).  

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

i doubt that would be legal, atleast in germany im pretty sure that the the police are not be able to do stuff like this by law.

(i mean from buying on SR or etc. to setting up tumbling services)

[jonoiv]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop). 

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

i doubt that would be legal, atleast in germany im pretty sure that the the police are not be able to do stuff like this by law.

If you are talking about SR.  I thought they had a built in tumbler.

[600watt]

they never hacked into his computers, and whether or not they can follow them on the blockchain is irrelevant.

Perhaps I am mis-remembering about the hacking.  But, from day 0, the police can buy stuff on the site, pay in bitcoins, and follow them on the blockchain.  That tracing could reveal if there were other wallets beyond those that that they seized (~30'000 on the server and ~150'000 on his laptop).  

It's a good thing for law enforcement that no one ever invented a tumbler, or any other method to hide bitcoins eh

If the cops had any brains they would set up a dozen fake tumbling services, with unbeatable fees and spiffy interfaces; and quietly close or co-opt the legitimate ones.  But fortunately they are nowhere as smart as the typical users of such services.

i doubt that would be legal, atleast in germany im pretty sure that the the police are not be able to do stuff like this by law.

(i mean from buying on SR or etc. to setting up tumbling services)

i don´t know why on earth people would believe germen law enforcement would not act as mindblowing unlawful/unconstitutional/undemocratic as any other law enforcement body in the world. german government employes morally "better" people/less corrupt than the rest of the world ? i doubt that.

german citizens more naive than the rest of the world in regard to what expect from their government ? hmm... could be true.

[NotLambchop]

...The point is, coin tracking is the least of the concerns for LE.
...

Seems like a great ready-made exercise to train baby feds and keep them in practice