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Author Topic: It makes no sense, but I'm holding.  (Read 3351 times)
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September 06, 2011, 03:39:27 PM

Yeah, that seems odd.  Also, I'm just going to go ahead and say that I'm in favor of requiring government issued identification at the exchanges.  I know a lot of people will hate me for that, but it would at least make it more difficult to convert stolen coins into cash and run off.  If you really want coins anonymously there would still be ways to get them.  Just not at the exchanges.

Isnt this already the case? When you move into a government currency, how can you do it anonymously (excluding cash which is not an option at the Bitcoin exchangers)?

If you demand to move your funds to a bank account, you are revealing yourself because the bank account has your data. Also, Dwolla and similar systems require your data and also end up in a bank account anyway.
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September 06, 2011, 06:25:22 PM

i have 10 bitcoins. someone sends me a stolen bitcoin. i now have 11 bitcoins in my wallet.  if i send 10 bitcoins to be cashed out at mtgox, is the stolen bitcoin part of the transfer or does it remain in my wallet?

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September 06, 2011, 06:53:51 PM

I guess you missed all the articles on the net about bitcoin and how they all mention drugs and illegal activities. That is how the public opinion works.

Actually, the public ignores every positive trait any article describes and only listens to The_Duke's interpretation.
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September 06, 2011, 07:08:03 PM

As others have pointed out, MtGox has selectively released very sensitive market information.  This is unethical at best.  If what MtGox says is true, speculators should be lining up to buy en mass as soon as the sell off finishes.

Don't worry, we are, it's gotta finish first, though. From my test buys, it ain't done, they are still selling into the buy orders. Whoever stole the coins isn't getting a great price on them right now because of their anxiousness to sell. It could be bots doing the rest of the work, too. There's gotta be huge speculators to drive this back up significantly, though, cause some of the big players are still selling their $1,000/day via MtGox, too. (And on Tradehill, but buyers have such a hard time moving money into Tradehill that buying on there is done mostly by those willing to do the arbitrage on behalf of all the miners selling on TH.)

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September 06, 2011, 07:12:45 PM

My strat involves holding some of my coins until at least 2015, no matter what the price does.
I also have a few for sale at $100.

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September 06, 2011, 07:22:30 PM

"I also have a few for sale at $100."

I checked the market depth for MtGox. I was disappoint Sad
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September 06, 2011, 07:38:14 PM

Well I'm going to sleep in about 5 minutes.  If it jumps while I am asleep, I will be pissed.  I am drinking a lot of water so it will wake me up every few hours to check on Mt. Gox.


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