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Author Topic: "Tom Williams" likely sold the entire myBTC.com bank @ ~13 and bought back at $8  (Read 4590 times)
TiagoTiago
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August 08, 2011, 12:05:24 AM
 #21

I read he was an early adopter and known BTC millionaire, he could have just kept people from withdrawing the money from MBTC just in case the stunt he pulled with his own money went bad, so at least he would still be filthy rich.

(i have no proof for nor against what i described above, it's just an hypothetical scenario)

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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August 08, 2011, 12:38:10 AM
 #22

Good point. It would be hilarious if that's what ends up happening.

Hilarious is the wrong word.

<luke-jr> Catholics do not believe in freedom of religion.
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August 08, 2011, 12:45:52 AM
 #23

got any block explorer data on accounts with large amounts in them? thats a small fish so I'd imagine if he just sold the 25,000 BTC bruce wagner had and a few other big accounts he wouldnt even bother touching the small fries

No, I only kept spare change in MyBitcoin. I'll try to see if any of the accounts my withdrawals came from have anything interesting. Just checked, nothing interesting.
BTC_Junkie
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August 08, 2011, 03:41:20 AM
 #24

If half the BTC are missing, and everyone is reporting that it looks like coins weren't moved ... how is it happening?

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payb.tc
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August 08, 2011, 04:03:09 AM
 #25

If half the BTC are missing, and everyone is reporting that it looks like coins weren't moved ... how is it happening?

simple: everyone who's coins weren't moved are reporting it.
hugolp
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August 08, 2011, 04:35:02 AM
 #26

causing panic selloff to make price dip more... then buy back all the bitcoins you just sold at the new low price like 8 and then he has made potentially millions of dollars and then bought back all the bticoins he originally "stole" from mybitcoin.com users

The problem with this "theory" is: as you say when someone sells it puts downwards presure in the price of bitcoins, but you forget that when someones buys it puts upwards presure.

So if he started buying again at $8 the price would not have stayed there nicely for him to buy all he wants at that price, it would have gone up big time.

This scams dont work unless there is a massive panic selling from other people than the scammer. Otherwise the scammer will loose a lot of money.

If the money from MyBitcoin.com is being sold at the exchanges, most probably whoever is dong it is trying to get out of bitcoins, not buying back.
7iain7
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August 08, 2011, 04:53:27 PM
 #27

As someone stated before:

1. Start a bitcoin business
2. Build rep
3. Disable all transactions
4. Claim you were hacked and walk away with the money
5. Buy some strippers and cocaine

definitely number 5
nemo
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August 08, 2011, 04:59:57 PM
 #28

What happens to all the unclaimed coins?
Phinnaeus Gage
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August 08, 2011, 05:15:09 PM
 #29

Piper if that is the case... and the only value of bitcoin is whatever you can scare people into... then it deserves to die really

Oh, that's a different point entirely. All I'm saying is that if you have about 100,000 BTC and know what you're doing, you can make money by manipulating the market.

I'm glad you see this.

This exchange reminded be me of this Monty Python bit scene: http://www.youtube.com/watch?v=JHFXG3r_0B8

And before anybody else post this video on what they believe Bitcoin is, I will: http://www.youtube.com/watch?v=rAaWvVFERVA&NR=1
the founder
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August 08, 2011, 05:15:32 PM
 #30

Wow, you don't even understand the basic workings of Bitcoin, yet you're whitelisted.
I wonder how many accounts you want to sign up here, cowface1234 aka "cowface123" aka "the founder"
https://bitcointalk.org/index.php?topic=34622.0


aka "the founder"  huh?

leave me out of this.


Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me  Say thank you here:  1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
Yuusha
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August 08, 2011, 05:16:42 PM
 #31

If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.
Raoul Duke
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August 08, 2011, 05:28:35 PM
 #32

Wow, you don't even understand the basic workings of Bitcoin, yet you're whitelisted.
I wonder how many accounts you want to sign up here, cowface1234 aka "cowface123" aka "the founder"
https://bitcointalk.org/index.php?topic=34622.0


aka "the founder"  huh?

leave me out of this.



Here: https://bitcointalk.org/index.php?topic=34622.0

LOL

Phinnaeus Gage
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August 08, 2011, 05:43:19 PM
 #33

If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

Caution! Brain fart ahead.

Now everybody has a chance to own a block of 50 BTC by solving one of these: http://www.youtube.com/watch?v=uIicxgqSH4g&feature=related

With my idea, all six sides have the exact same image of the Bitcoin logo. You buy one and it's shipped to you, but not solved. Your task is to solve it and send it back, whereupon 50 BTC's (minus shipping cost) is entered into your wallet and another one is sent for you to solve.

rubikcoin.com
shotgun
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August 08, 2011, 06:43:06 PM
 #34

If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

Caution! Brain fart ahead.

Now everybody has a chance to own a block of 50 BTC by solving one of these: http://www.youtube.com/watch?v=uIicxgqSH4g&feature=related

With my idea, all six sides have the exact same image of the Bitcoin logo. You buy one and it's shipped to you, but not solved. Your task is to solve it and send it back, whereupon 50 BTC's (minus shipping cost) is entered into your wallet and another one is sent for you to solve.

rubikcoin.com

This has nothing to do with mybitcoin or tom williams. go hawk your wares on your own thread.

<luke-jr> Catholics do not believe in freedom of religion.
the founder
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August 08, 2011, 07:55:54 PM
 #35

Wow, you don't even understand the basic workings of Bitcoin, yet you're whitelisted.
I wonder how many accounts you want to sign up here, cowface1234 aka "cowface123" aka "the founder"
https://bitcointalk.org/index.php?topic=34622.0


aka "the founder"  huh?

leave me out of this.



Here: https://bitcointalk.org/index.php?topic=34622.0

LOL


LOL impersonation is the best flattery. 

Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me  Say thank you here:  1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
Phinnaeus Gage
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August 09, 2011, 05:32:58 PM
 #36

If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

Caution! Brain fart ahead.

Now everybody has a chance to own a block of 50 BTC by solving one of these: http://www.youtube.com/watch?v=uIicxgqSH4g&feature=related

With my idea, all six sides have the exact same image of the Bitcoin logo. You buy one and it's shipped to you, but not solved. Your task is to solve it and send it back, whereupon 50 BTC's (minus shipping cost) is entered into your wallet and another one is sent for you to solve.

rubikcoin.com

This has nothing to do with mybitcoin or tom williams. go hawk your wares on your own thread.

shotgun's comment has me stumped!

My somewhat tongue-in-cheek comment (actually, one of my brain farts that I wanted to share with the community, then) was in reference to this:

Quote
If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

As far as hawking wares, rubikcoin.com is not a real site/company. Also, the YouTube link doesn't represent anything I'm even remotely attached to. Therefore, I'm hawking nothing.

Please correct me if I'm wrong, shotgun. ty
shotgun
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August 09, 2011, 08:30:59 PM
 #37

If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

Caution! Brain fart ahead.

Now everybody has a chance to own a block of 50 BTC by solving one of these: http://www.youtube.com/watch?v=uIicxgqSH4g&feature=related

With my idea, all six sides have the exact same image of the Bitcoin logo. You buy one and it's shipped to you, but not solved. Your task is to solve it and send it back, whereupon 50 BTC's (minus shipping cost) is entered into your wallet and another one is sent for you to solve.

rubikcoin.com

This has nothing to do with mybitcoin or tom williams. go hawk your wares on your own thread.

shotgun's comment has me stumped!

Like I said before, this has nothing to do with the content of the thread.

My somewhat tongue-in-cheek comment (actually, one of my brain farts that I wanted to share with the community, then) was in reference to this:

Quote
If it was really that easy, anyone with a bit of cash would be able to produce practically infinite wealth.

As far as hawking wares, rubikcoin.com is not a real site/company. Also, the YouTube link doesn't represent anything I'm even remotely attached to. Therefore, I'm hawking nothing.

Please correct me if I'm wrong, shotgun. ty

<luke-jr> Catholics do not believe in freedom of religion.
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August 09, 2011, 08:59:15 PM
 #38

As someone stated before:

1. Start a bitcon business
2. Build rep
3. Disable all transactions
4. Claim you were hacked and walk away with the money
5. Buy some strippers and cocaine
Fix'd

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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