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Author Topic: Is this dump a effect of wallet encryption problems ?  (Read 936 times)
finway
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November 14, 2011, 01:53:25 AM
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Is this dump a effect of wallet encryption problems after mtgox,mybitcoin, bitcoin7 ?
or just a desperate dump of dumper ?

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phorensic
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November 14, 2011, 02:17:55 AM
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I don't think it has anything to do with wallet encryption failure.
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November 14, 2011, 02:35:42 AM
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If it is, it's an overreaction.
It's possible someone doesn't understand that while the wallet encryption issue is important, it's not a problem with the bitcoin protocol or overall network security.
You'd think someone with so many bitcoins would take the time to understand this though - so it seems a little unlikely to me that this is the reason.

If it wasn't a panic kneejerk reaction to the wallet issue, then the seller presumably either needed their local currency in a real hurry and so couldn't wait to maximize their return by selling more slowly, or they actually wanted the bitcoin price to jump down quickly.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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