[2014-1-14] BTCFEED → Butterfly Labs Caused The 2015 Bitcoin Crash

[m3]

http://www.btcfeed.net/news/butterfly-labs-caused-2015-bitcoin-crash/

[No_2]

This is very interesting.

[XCoinCall]

"What is scary is another 90000 unspent coins reside here also controlled by butterfly labs." Wow, that IS scary.

[aigeezer]

This is very interesting.

I would not have read it if you had not said that. The title looked like troll fluff.

But you are right, it is extremely interesting.

The article concludes that BFL are the bad guys, but they are apparently acting under duress from a court requirement.

Whether the consequences are intended or not is unknowable, but the article's main theme seems sound - surprisingly so - a story to keep watching.

[jbrnt]

On November 4th, the FTC granted approval for Butterfly Labs to convert their bitcoin holdings to cash reserves in order to start refunding their customers.

A refund doesn't have to be in fiat. There is a member here who received refund in bitcoin. If this theory is correct, it is scary to think another 90k is about to be dumped, may be not entirely on the exchanges.

[Dalkore]

I have reached out to a few other experts to get their opinion on this.  At this point, this seems to be very reasonable to explain the action we are seeing along with all the technical trading that goes along with such a large and quick price decline.

[mercistheman]

The company that keeps giving taking

[seriouscoin]

I have reached out to a few other experts to get their opinion on this.  At this point, this seems to be very reasonable to explain the action we are seeing along with all the technical trading that goes along with such a large and quick price decline.

My "source" tells me this whole thing is simply overlooked.

The recent dump is just an manipulation for cheaper coins. Guess who gains the most from it

[m3]

I have reached out to a few other experts to get their opinion on this.  At this point, this seems to be very reasonable to explain the action we are seeing along with all the technical trading that goes along with such a large and quick price decline.

My "source" tells me this whole thing is simply overlooked.

The recent dump is just an manipulation for cheaper coins. Guess who gains the most from it

Bitstamp actually since they lost 19,000 coins so they cheaper btc goes the less money it costs them to cover their losses.

[freedomno1]

This is very interesting.

I would not have read it if you had not said that. The title looked like troll fluff.

But you are right, it is extremely interesting.

The article concludes that BFL are the bad guys, but they are apparently acting under duress from a court requirement.

Whether the consequences are intended or not is unknowable, but the article's main theme seems sound - surprisingly so - a story to keep watching.

Was thinking the same but seeing two vouches on this article I decided to give it a read
Looking at it the blockchain analysis is interesting if this is the cause were in for some more pain
Keeping a watch as well
And Blame BFL

[elasticband]

yesterdays news and terrible article

[BitDreams]

I love a good blockchain detective story.

[Marcoser123321]

I love a good blockchain detective story.

Same here. The Blockchain in general is awesome to study in your spare time or whatever. It's really interesting. So much "money" flowing around freely. It's wonderful.