Reuters: Our girl, Naomi O'Leary, did it.

[bitcool]

Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters.

How did they find out? monitoring employee's Internet traffic? Maybe they happened to see Zhongtong adviser's traffic log  

I won't be surprised if some one says: workers at CIA visited bitcoin exchanges 30 times a day, or FBI, or IMF, or World Bank, or the Fed.... the number of employees and contractor working for these agencies is huge.

[evoorhees]

Awesome article!!! I encourage everyone to leave comments, retweet, and post that shit on facebook.

And I love that "Zhou Tonged" is now in the global vernacular. Makes me feel better that it's happened to me

[cunicula]

I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.

Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid.

[Dutch Merganser]

A decent read in that it does present divergent opinions on the viability of Bitcoin and mentions the possibility of alternatives appearing. It is refreshing to see such even-handed coverage.

[Nicolai Larsen]

A really well-written article!

[kjlimo]

Users - an odd assortment of uber-geeks, anarchists, libertarians, scammers and forex traders - sent about $4.3 million worth to each other in the last 24 hours.

What supports $4.3 million worth transferring in the last 24 hours?  Is that a sum of transactions plus mtgox volume in several currencies plus maybe other exchanges?

[kjlimo]

Before disappearing as an online presence in January 2010, Nakamoto made clear his disapproval of quantitative easing measures and blamed banks for creating credit bubbles.

I thought Satoshi was last heard from in October, Nov, or Dec of 2010?  Has it been over 2 years since he disappeared?

[Technomage]

Really good article. We're starting to get positive coverage for a change. This latest article is big enough to possibly spark a new megatrend for Bitcoin but I guess we'll have to wait and see.

Good times ahead.

[paraipan]

A really well-written article!

+1 great read indeed

[gusti]

I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.

Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid.

sure, that's why leverage has nothing to do with going negative if your position is closed properly,
and with enough liquidity at hand. brokers will simply not allow that, margin call will happen first.

[Phinnaeus Gage]

Before disappearing as an online presence in January 2010, Nakamoto made clear his disapproval of quantitative easing measures and blamed banks for creating credit bubbles.

I thought Satoshi was last heard from in October, Nov, or Dec of 2010?  Has it been over 2 years since he disappeared?

Yep! I think that should have been January 2011. https://bitcointalk.org/index.php?action=profile;u=3

The Royal Canadian Mint, for example, is exploring how to issue digital currency in the future. Its chief financial officer Marc Brule said Bitcoin's biggest problem was that it is not backed by anything.

"The system we would bring in would be backed by a fund," he told Reuters.

I heard this argument before, but I don't get it. What does it mean if a currency is "backed by a fund"? A fund of what kind?

A centralized fund, of course.

~Bruno~

[Vladimir]

Some simply cannot wrap their brain around of not having an "old white man" somewhere up high with a final say on anything and everything. Prisoners of the cave!

[cbeast]

Some simply cannot wrap their brain around not having an "old white man" somewhere up high having a final say on anything and everything. Prisoners of the cave!

That is why the 99% movement will fail too.

[guruvan]

I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.

Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid.

sure, that's why leverage has nothing to do with going negative if your position is closed properly,
and with enough liquidity at hand. brokers will simply not allow that, margin call will happen first.

well...in an extremely illiquid environment, you could wind up with a negative balance if the price slips between the margin call and the forced liquidation time, as many who've been zhoutonged, and skipped on the debt have found out.
(but this is not the design, most of the time you'll be left with a pittance...cab fare home)

I'd be really curious to see the bitcoinica volume numbers, and how much those are affected by this article.

[Yankee (BitInstant)]

"Him and 3 other traders are looking to invest $300,000 in Bitcoin"

WHO are you?
WHY havent you contacted me?

[cypherdoc]

Zhoutonged!  who coined that?

[Phinnaeus Gage]

"Him and 3 other traders are looking to invest $300,000 in Bitcoin"

WHO are you?
WHY havent you contacted me?

Perhaps the investors were looking for the perfect investment.

LadyBytes

Now in size=42pt. (the answer to everything)

[rjk]

"Him and 3 other traders are looking to invest $300,000 in Bitcoin"

WHO are you?
WHY havent you contacted me?

I wondered the same, to be honest. If anyone can get your investment back in spectacular fashion, it seems to me that Charlie is your man.

[cypherdoc]

Love the title of this thread, "Our girl" 

Go girl, go girl!

[Phinnaeus Gage]

Zhoutonged!  who coined that?

https://bitcointalk.org/index.php?topic=42267.msg595306#msg595306