Wall Observer - MtGoxUSD wall movement tracker

[Kupsi]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

that's a beautiful avatar!

Yes! Now he only needs to change his prediction from single to double digits 

[smoothie]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

that's a beautiful avatar!

Yes! Now he only needs to change his prediction from single to double TRIPLEdigits 

FTFY

[adamstgBit]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

That's the spirit!  

Adam: Are you all-in or out?

I'm freaking out can't sleep, can't work, i have no smokes.

I'm starting to hate bitcoins...  

edit: working on a poster to hang up on a boulliton board giving away free bitcoin.. if I'm going down I'm take as many people with me!

[smoothie]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

[proudhon]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

[adamstgBit]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

[cypherdoc]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

i think this is beautiful.  looks like Gavin has figured out the central banker game of comments moving markets 

[smoothie]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

i think this is beautiful.  looks like Gavin has figured out the central banker game of comments moving markets 

Yes. Wouldn't surprised if he waited to release the info on September 30th.

[cypherdoc]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

i think this is beautiful.  looks like Gavin has figured out the central banker game of comments moving markets  

Yes. Wouldn't surprised if he waited to release the info on September 30th.

and quite honestly, the way those f*ers manipulate markets, he should continuously do it each time we have a dip.  the games those guys play is beyond comprehension.  just kidding of course but sometimes that's how i'd feel.

[adamstgBit]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

i think this is beautiful.  looks like Gavin has figured out the central banker game of comments moving markets  

Yes. Wouldn't surprised if he waited to release the info on September 30th.

and quite honestly, the way those f*ers manipulate markets, he should continuously do it each time we have a dip.  the games those guys play is beyond comprehension.  just kidding of course but sometimes that's how i'd feel.

what game?

Gavin does this often?

[cypherdoc]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

You planning on changing your single-digit prediction?

Nope.  It stands.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

single-digit predictions is wishful thinking at this point.

I'm thinking this mystery announcement has something to do with the seemingly retarded support at these high prices...

i think this is beautiful.  looks like Gavin has figured out the central banker game of comments moving markets  

Yes. Wouldn't surprised if he waited to release the info on September 30th.

and quite honestly, the way those f*ers manipulate markets, he should continuously do it each time we have a dip.  the games those guys play is beyond comprehension.  just kidding of course but sometimes that's how i'd feel.

what game?

Gavin does this often?

he never does it.  that's the point.  he's honest unlike some folk we know.

[sunnankar]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

I have been talking with the owners of a few businesses about using bitcoins as a redundancy plan for their operating expenses due to the instability of the banking system. The last thing a business owner wants to think about is the problems that result from being unable to make payroll. This is part of how they blackmailed the bailouts in 2008; they threatened Congress by CFOs telling Treasury that if they didn't bailout then they (Chevron, Exxon, ConAgra, etc.) would be unable to make payroll.

If these small business owners I have talked to moved 5% of their working capital into bitcoins and offered employees the option to receive part or all of their paycheck in bitcoins then you could easily see the price melt up to $15. One of these companies is actually pretty small, only about $35m/year in sales, but has about $500k/bi-monthly in payroll. That one company alone would add $50k/month in demand for bitcoins.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

The single largest reason I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance when it comes to private keys and the segregation of duties. There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. They would rather deal with an unstable banking system because then if the SHTF at least they will not be liable because they have acted reasonably. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

[adamstgBit]

Between the current price and $15 you could buy half of the entire MtGox sell orders.  Act now, only $500,000!  After which, buying the same amount will cost infinite dollars.

I have been talking with the owners of a few businesses about using bitcoins as a redundancy plan for their operating expenses due to the instability of the banking system. The last thing a business owner wants to think about is the problems that result from being unable to make payroll. This is part of how they blackmailed the bailouts in 2008; they threatened Congress by CFOs telling Treasury that if they didn't bailout then they (Chevron, Exxon, ConAgra, etc.) would be unable to make payroll.

If these small business owners I have talked to moved 5% of their working capital into bitcoins and offered employees the option to receive part or all of their paycheck in bitcoins then you could easily see the price melt up to $15. One of these companies is actually pretty small, only about $35m/year in sales, but has about $500k/bi-monthly in payroll. That one company alone would add $50k/month in demand for bitcoins.

based on the resent market conditions and this mystery announcement that promises to bring stability to the bitcoin.

The single largest reason I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance when it comes to private keys and the segregation of duties. There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. They would rather deal with an unstable banking system because then if the SHTF at least they will not be liable because they have acted reasonably. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

i'm not sure i understand what your saying.

but isn't the gr8 thing about bitcoin the lack of corporate governance?

[sunnankar]

i'm not sure i understand what your saying.

That is truly regrettable. Perhaps you should follow the links and do some reading.

but isn't the gr8 thing about bitcoin the lack of corporate governance?

No, it sucks. And until it is fixed it will be relegated to small and immaterial amounts of capital flows.

[cypherdoc]

i'm not sure i understand what your saying.

That is truly regrettable. Perhaps you should follow the links and do some reading.

but isn't the gr8 thing about bitcoin the lack of corporate governance?

No, it sucks. And until it is fixed it will be relegated to small and immaterial amounts of capital flows.

but why couldn't you have, as an example, the treasurer hold the wallet on his computer and the CEO hold the password?

there are also ways of splitting passwords btwn multiple parties as well; Shamir's Secret Sharing.

[Spekulatius]

Yes or by just funding different wallets around your company with its weekly/monthly budget from your main wallet?

[cypherdoc]

oh yeah, what am i thinking!?

Armory, etotheipi's fantastic deterministic wallet (what i use), is perfect for small businesses and maybe large.  for a small biz, like a grocery store with multiple checkout stands, you put watching only wallets at each of the checkouts and keep the wallet with the private keys in the back in sole control of the owner.  cashiers can generate new addresses for each customer and take btc pmts w/o being able to steal.

i don't see why this concept couldn't be extended to large corporations as well.  a few division managers could keep control of main wallets across the country and are accountable to the central headquarters while they manage the multiple pts of payment.

[Beta-coiner1]

I'm thinking 14 could actually be hit tonight or tomorrow.

[cypherdoc]

Crankin' Baby, just crankin' 

[adamstgBit]

holy shit another rally!
facing enormous walls, bitcoin presses on.