Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- >

[Q7]

Ok I was wrong that the price was caused by the hacked bitcoin getting dumped but have anybody seen the movement just about 10 minutes ago? It was all green and now going to red with small amounts being transferred out portion by portion.

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[Flashman]

The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.

Nah, that's what makes me see the market as totally irrational, when they were at bitstamp, any or all of them could be sold at the drop of a hat, they might have been whale coins that were about to be dumped, we don't know, but here they are, out on the blockchain, nominally an hour away from being able to be traded again, and everyone is losing their minds that they are "available to dump". They were more freaking available to dump when they were where they were supposed to be.

[elasticband]

they on the omve, only 4100 left - https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

[medialab101]

The practical implications of this are that there are now 18,000+ BTC that the market has to absorb which could bring down price.

Nah, that's what makes me see the market as totally irrational, when they were at bitstamp, any or all of them could be sold at the drop of a hat, they might have been whale coins that were about to be dumped, we don't know, but here they are, out on the blockchain, nominally an hour away from being able to be traded again, and everyone is losing their minds that they are "available to dump". They were more freaking available to dump when they were where they were supposed to be.

I tend to agree with your opinion.

[Mobius]

When have people ever listened to reason and logic in regards to Bitcoin?

*sigh* this is so true.

[elasticband]

150 coins left

[Naruto.me]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

[mayax]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

[elasticband]

secondary address's are now being divided

https://blockchain.info/address/1Gdcsz1tGEzq64aeMPvgAsqftuAt3NyTyc

[Naruto.me]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

I know it is possible , but some people still think they can trace that thief.

[Naruto.me]

I think he will start form the smallest amount address 1EtH88P5feywPJE1nyrjggd41JeCuEeKNi

Cash out some of the coin

[johnyj]

The funny thing is that the hack happened during a dramatic price fall

The message given by exchange: If you dare to short the bitcoin massively, your coins will be hacked on exchange

[turvarya]

The funny thing is that the hack happened during a dramatic price fall

The message given by exchange: If you dare to short the bitcoin massively, your coins will be hacked on exchange

And it actually worked. Price is going up since the hack.

[QuestionAuthority]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

I know it is possible , but some people still think they can trace that thief.

They can to a point but I don't know why they would want to. They haven't been able to successfully do anything about a theft here by tracing coins except for the Ozcoin hack and MtCocks confiscation. Ozcoin was the only case where something was done right. You could argue that they shouldn't have done it. When MtGox confiscated stolen coins that's only because Gox was a bigger thief.

Can one of you geniuses tell me why this isn't effecting the market at all. An exchange goes down without so much as a hiccup. No panic selling, no day traders manipulating the market, no people pissed off because their money was frozen and cashing out everywhere else - nothing. Could it be because the market price is phoney and manipulated anyway?

[madmat]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

I know it is possible , but some people still think they can trace that thief.

They can to a point but I don't know why they would want to. They haven't been able to successfully do anything about a theft here by tracing coins except for the Ozcoin hack and MtCocks confiscation. Ozcoin was the only case where something was done right. You could argue that they shouldn't have done it. When MtGox confiscated stolen coins that's only because Gox was a bigger thief.

Can one of you geniuses tell me why this isn't effecting the market at all. An exchange goes down without so much as a hiccup. No panic selling, no day traders manipulating the market, no people pissed off because their money was frozen and cashing out everywhere else - nothing. Could it be because the market price is phoney and manipulated anyway?

Price went down from 315 to 255 the day before bitstamp went offline and you think this is not related ? Some people knew it, before anyone and dumped hard. The news came after, and market is just waiting bitstamp to be live again.

[turvarya]

I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.

would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

I know it is possible , but some people still think they can trace that thief.

They can to a point but I don't know why they would want to. They haven't been able to successfully do anything about a theft here by tracing coins except for the Ozcoin hack and MtCocks confiscation. Ozcoin was the only case where something was done right. You could argue that they shouldn't have done it. When MtGox confiscated stolen coins that's only because Gox was a bigger thief.

Can one of you geniuses tell me why this isn't effecting the market at all. An exchange goes down without so much as a hiccup. No panic selling, no day traders manipulating the market, no people pissed off because their money was frozen and cashing out everywhere else - nothing. Could it be because the market price is phoney and manipulated anyway?

Price went down from 315 to 255 the day before bitstamp went offline and you think this is not related ? Some people knew it, before anyone and dumped hard. The news came after, and market is just waiting bitstamp to be live again.

So, they knew, that Bitstamp was hacked before the coins were moved?
Seems plausible

[QuestionAuthority]

So your answer is that the price dropped because Bitstamp was hacked. Where have I heard that before?

[betasuppe]

If the problem was one compromised wallet, why is the hole web shut down?
There must be pro technician working at B.stamp.

Why cant we access our own account at least?

This is suspect.

[jbreher]

Hopefully for sanity's sake, ... It is an interesting question though if the Bitcoin core team could develop a "Banned list" that is issued to the accepting nodes and refuses to transfer coins from banned accounts though.

Hopefully for sanity's sake, you will search more and openly muse less. Here's a concise summary of the conclusion every other time someone floats this idea before thinking it through:

A Bad Idea

[newIndia]

If the problem was one compromised wallet, why is the hole web shut down?
There must be pro technician working at B.stamp.

Why cant we access our own account at least?

This is suspect.

If they were honest, they would have allowed you to withdraw your funds from cold wallet and then carry on the investigation. They are locking u in. That means something is fishy.