All posts made by delphic in Bitcointalk.org's Wall Observer thread
1.
Post 4705129 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
What is going on in the world?
Has bitcoins spirit and purpose been lost and gambles taken over
People have simply discovered it's fun to purchase/use some BTC and start gambling in the altcoins. What's wrong with that? Don't you have any gambling spirit in you? You must have or you wouldn't be here.
The question is who is buying that rubbish and for what purpose. Is this JP Morgans and there brothers attempt to discredit quality coins and push all sorts of rubbish to new heights.
Actually I bought some of those Mooncoins because I think the name is just too awesome not to buy some.
It's just for fun mainly, it's like playing poker for a bit of money. I also buy coins that have real potential, but those I don't play around with. I don't really think this is detrimental to Bitcoin, it actually creates a larger crypto community as a whole. Some entertainment is important too you know, it can't be serious business all the time if you want people to come and stay.
Hi folks, this is my first post here. I've been following this thread for a while.
I don't think altcoins are a real threat to Bitcoin. If Bitcoins was so fragile, it wouldn't deserve to survive. Some of the sillier altcoins are a threat to the more serious altcoins, though, as they confuse the market.
The important altcoins are the ones that innovate on the Bitcoin idea; either the good ideas will be incorporated into Bitcoin eventually, or if not, the good altcoins will have a life of their own.
Also, I think altcoins divert some speculation away from bitcoin, which should help bitcoin's stability.
2.
Post 4705242 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
What is going on in the world?
Has bitcoins spirit and purpose been lost and gambles taken over
People have simply discovered it's fun to purchase/use some BTC and start gambling in the altcoins. What's wrong with that? Don't you have any gambling spirit in you? You must have or you wouldn't be here.
The question is who is buying that rubbish and for what purpose. Is this JP Morgans and there brothers attempt to discredit quality coins and push all sorts of rubbish to new heights.
http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/hmmmm...chase ceo (bank firm) says bitcoin is a scam.....hmmmm....why in the world would any one be surprised by that viewpoint from them?
decentralized power is always a problem to those who have centralized power (just ask AT&T)
Huh.. yeah exactly. I was reading this and my irlfriend came in and said 'Uh-oh.. what he's saying is bad for bitcoin'.. before i politely pointed out that he is from a bank (JP Morgan?) and if he's saying bitcoin = bad.. then this means the oppositte. This is exacly what i'd expect him to say.. and that whatever he says about bitcoin, then she can believe the opposite.
"we have to make sure it does not become an avenue to funding illegal activity or to funding activities that have malign purposes" - Jamie Dimon
I agree with him. When it comes to funding illegal activity and funding activities that have malign purposes, JPMorgan doesn't want competition.
3.
Post 4706847 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
They don't want to incorporate btc because they are workng on their own version of it - they recently applied for a patent which failed. Think about it, google copy every good idea, they have unlimited funds and googlecoin fits into their world domination ethos perfectly.
I'd definitely buy some Googlecoin if it wasn't pegged to a fiat value, however I think that would be unlikely.
Imagine the stampede to buy!
EDIT: ok, I'm bored of btc now, gimme some googlecoin!!
Any Google coin would definitely have an NSA backdoor built in.
4.
Post 4716727 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten.
5.
Post 4717060 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten.
Uses big words to condescend an intentionally terrible meme...spells puerile incorrectly.
OK, so you're puerile.
And your picture needs crayoning. That would be a better use of your time.
6.
Post 4717223 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about.
100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000.
1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000.
That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10.
The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive.
That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff.
Sigh. ok Junior, read carefully:
1 BTC=~$800 now ~1000% annual appreciation for the trend.
in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000
$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.
$80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet.
7.
Post 4717582 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
^Jesus!!! you think BTC is going to $80,000,000?
Either the technology will be adopted or it won't. It's basically a binary outcome. it's still a long shot, but it's a heluva lot more likely than it was three years ago.
do the math. What is Gold's market cap and what market share do you think Bitcoin will take?
What is VISA and Mastercard's market cap and what market share do you think Bitcoin will take?
and Western Union, Moneygram?
and Paypal?
and microtransactions?
and national currencies?
and SWIFT wire transfers? ACH?
stuff we haven't even thought of yet?
Nothing even remotely close to justifying 12.3m (or more) bitcoins having a value $80m each. Utter rubbish.
For comparison, all the gold in the world is valued at aboout $10Tn, depending on estimates. That is far short of $984Tn.
Looks like you didn't do the math.
8.
Post 4717800 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.58h):
The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about.
100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000.
1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000.
That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10.
The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive.
That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff.
Sigh. ok Junior, read carefully:
1 BTC=~$800 now ~1000% annual appreciation for the trend.
in one year 1 BTC=~$8,0000
two years 1BTC=~$80,000
three years 1BTC=~$800,000
Four years 1 BTC=~$8,000,000
Five years 1 BTC=~80,000,000
$80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.
$80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet.
$984 trillion is only a fraction of the world's derivatives market.
http://www.nakedcapitalism.com/2013/03/worldwide-derivatives-market-estimated-as-big-as-1-2-quadrillion-as-banks-fight-efforts-to-rein-it-in.htmlAh, you're one of those people who think that derivatives are 'real'.
A sells a product to B for $1. B sells it back to A for $1. A total of $2 has changed hands. The market was $2. Doesn't make the product worth $2.
We'll probably see how 'real' that house of cards is sooner rather than later.
9.
Post 4741322 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.
I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.
Nope, US. Although to be fair, there aren't any bitcoin ATMs at all around here. It's cool though, coinbase takes care of me when I can't find a local contact to trade with.
They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.
Don't forget the NY hearings coming up on 28/29 Jan. They should make things clearer and possibly set precedents.
10.
Post 4745399 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world. I cannot believe that, for many reasons.
I'm becoming increasingly convinced that it will become a major currency, a reserve currency. It has no counterparty risk. Debt-based money has always and will always fail, either gradually or suddenly. Only hard money is without counterparty risk. The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk. USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world. They have sown the wind, and will reap the whirlwind. It's mathematically inevitable at this point. We just don't know how long the dead men can keep walking.
I don't know either, but I think that with the NY hearings, the 31st Jan China deadline, and the prospect of a spectacular fund default in China on 31st as well, it may be an interesting week ahead for bitcoin.
11.
Post 4756492 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?
No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin
ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.
What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.
Thinking more on that valuations of $80,000,000 we were tossing around the other day.
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
12.
Post 4769653 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
Why are all non-mtgox markets lagging so much behind?
do you know the deal about withdraws from mtgox? its hard to get cash out and easy to get BTC out, so there is net buying of BTC. its hard to get around the loop to profit from the differential because of withdraws.
If it were easy to move funds to arbitrage the price difference between exchanges, there wouldn't be a price difference in the first place.
13.
Post 4771163 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
lots and lots about BTC on bbc one news this morning - seems very positive indeed!!
CCMF.
BBC website - on bitcoin
http://www.bbc.co.uk/news/business-25809011
14.
Post 4786630 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_11.59h):
Bitcoin Foundation should do some damage control. While their at it, kick out Karpeles' fat a
It may be wiser to start an independent entity with a completey different set of people. The other Foundation board members presumably were brought together by Shrem, were his friends, or brought him in; how can they dissociate the Foundation from him?
In any case, methinks that Bitcoin would need some international Users Association with
no exchange members in its board, to set standards for exchanges and rate them for compliance.
No-one in the bitcoin 'community' elected the Bitcoin Foundation.
The Bitcoin Foundation represents nobody but the Bitcoin Foundation.
15.
Post 4801459 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.00h):
And todays word of the day is "apophenia"
Apophenia /ćpɵˈfiːniə/ is the experience of seeing patterns or connections in random or meaningless data.
This thread clearly teaches us things beyond locomotive journeys to celestial satellites and mammals of the family Ursidae. (bears)
Things get
really weird when "pareidolia" starts to occur in TA.
16.
Post 4826534 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.01h):
it has to look and act and walk like bankers!!
Yeah, that is the funniest, and dumbest, comment made in the whole hearing.
He really doesn't get bitcoin.
In the same way that a man staggering around in the dark in a tunnel doesn't know that an express train is coming.
17.
Post 4826664 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.01h):
Conclusion:
We need to get MasterCharge involved so we can reduce volatility and get people to trust Bitcoin.
That's a weird Venn Diagram.
18.
Post 4826828 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.01h):
Hearing Observer thread can now return to your previously scheduled Wall Observer thread.
I thought this thread was the Proudhon Bad News Confirmation Blockchain.
19.
Post 4836898 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.01h):
But in the next 24-36 months, bitcoin is somewhere between 10k-50k. It simply has to be. The scale at which the entities getting involved now operate scale wise, bitcoin will be forced there. And 17 year olds that mined this useless Internet money will have their minds blown.
To be fair, you're taking a bet that e.g. the US government won't ban the use of Bitcoin in the US. Look at India and China, for example. Bans can be quite effective. If the US government banned Bitcoin tomorrow - not beyond the realm of possibility given the US Treasury Secretary's recent remarks and the difficulties regulators and the IRS will have addressing Bitcoin - it simply will not have the chance to grow to the size you want it to be.
I'm long Bitcoin too, but it's a gamble nonetheless.
It is absolutely beyond most realms of possibilities at this point.
Do you live in the US? It doesn't matter I suppose given how many people here are paranoid about our government, but the truth is the US doesn't go around banning technologies. And there is no indication they will ban bitcoin. They aren't banning gay marriage. They aren't banning bitcoin. The NY regulators lead these type of financial decisions in the US. And the hearings made it clear they will support bitcoin and bitcoin innovation. The US takes pride in being world leaders and bitcoin is no different.
It's happening. It's no longer if. It's when.
I actually agree 1000% with your outlook. The only thing that worries me is if it is actually Bitcoin itself with the marketshare projected 24-36 months out. I've seen many posts of people who say that the the statements from the Congressional and NY State hearings are bullish because the chairmen have made comments that they see the value in Bitcoin. But my fear is that they see the value in the blockchain technology, not Bitcoin literally.
Just think about it: the US government (and all governments, for that matter) allow the Bitcoin community to spend it's blood, sweat and tears working out the bugs of a distributed ledger to record financial transactions and work to make the public somewhat comfortable with transferring money through such a system. Once it becomes fairly polished, the government launches their own blockchain and USDollarCoin. They empower existing banks to function as exchanges from fiat to USDollarCoin and ban any entity such as businesses from transacting in Bitcoin. They can now issue their currency electronically without incurring the actual costs of printing paper money and supporting the infrastructure in distributing the physical cash.
It really is a regulator's wet dream, because right now, the government has no real visibility on what happens during cash or credit card sales on the transactional level, but once they have their own blockchain, they can trace the movement of every little penny within the system.
Let me head off the "But that defeats the decentralized benefit of Bitcoin" argument by offering this: 95% of the population can give two sh!ts about decentralization. They will just do what the government tells them to do.
Am I the only one who sees this scenario as a real threat? If so, I need to get rid of my tinfoil hat.
Get rid of your tin cool hat.
...and Bitcoin holders in the rest of the world would carry on using Bitcoins, for the same reasons they got Bitcoins in the first place..
20.
Post 4869247 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.02h):
Sorry for repost.....If people "miss seeing pictures of trains taking off " and want a locomotive with a Scottish theme, surely No.4472 "The Flying Scotsman" would be more appropriate?
21.
Post 4883622 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.02h):
One downside of being a megalomaniac dictator, is that no-one dares to tell you that you have a shit haircut.
22.
Post 4927995 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.02h):
23.
Post 4947232 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.02h):
So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?
What IS the real price of Bitcoin nowadays?
24.
Post 4952104 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.02h):
So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?
What IS the real price of Bitcoin nowadays?
It is a community consensus that China does not exist, so it would be Bitstamp, I guess.
If you want to be a pariah in the community, just say "Huobi and/or OKCoin" and suggest that the other exchanges just follow them.
In any case, there is no such thing as "a price free of manipulation" for Bitcoin. Bitcoins pay no dividends, and there are no assets that could be auctioned to refund the holders if the concept collapsed; so there is no way to compute a "real value".
The market price - what *you* can buy and sell it for - is the only price there is. It does not matter whether the other party in your transactions is a penguin shepherd in Mongolia or a robot programmed by Skynet.
I suppose that one should exclude Mt.GOX; from what I read, one cannot actually buy or sell bitcoins there, only donate coins and cash to the owners.
That said, I too feel that the market price at the price-setting exchange (whichever it is) is "manipulated", even though I cannot define yet what the word means.
Thanks for all the replies.
My question "What IS the real price of Bitcoin nowadays?" was intended to be (mostly) rhetorical. I realise that iprice is set by the 'market' and not against any tangible assets, expectation of a dividend, etc.
What I am looking for is the consensus, if any, about which exchanges are trustworthy, or at least, the least untrustworthy. It seems to be BTCE and Bitstamp at present.
25.
Post 4968289 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Are any of you guys going to continue business with BitFinex after this?
I see a couple of large transactions on Bitfinex (79 BTC and 101 BTC) at low prices around the $680 mark - then virtually no trades after those - the price is back up now. What makes people say Bitfinex is hacked, though?
26.
Post 4970832 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Bitfinex is killing me. Are they going to roll these trades back? Trading froze again 15 minutes ago.
Just woke up. Could you provide a link or a quick summary of what happened? Thanks! ( whatever happened got me more BTC )
Bitcoin on Bitstamp crashed to $300 so everyone bought cheap coins. Then it soared to $1125 and everyone sold. Then it fell back to $802. Shame you missed it all.
Or you could always scroll up.
27.
Post 4974193 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Bitcoins can be bought with cash in 28,000 stores in the UK from today using ZipZap.
http://www.coindesk.com/can-now-pay-cash-bitcoin-28000-uk-stores/I think this could be significant, particularly for immigrants who normally send a lot of their income home via the likes of Western Union.
So even in my small home town there are now 5 retail outlets where I can buy Bitcoins for cash.
28.
Post 4974921 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Bitcoins can be bought with cash in 28,000 stores in the UK from today using ZipZap.
http://www.coindesk.com/can-now-pay-cash-bitcoin-28000-uk-stores/I think this could be significant, particularly for immigrants who normally send a lot of their income home via the likes of Western Union.
So even in my small home town there are now 5 retail outlets where I can buy Bitcoins for cash.
What are the premiums like?
EDIT: Sorted. Cheaper to just use Western Union.
Yikes, I didn't actually look into how high the premiums are.
It will raise bitcoin's profile in the UK nonetheless.
in the longer term, competition between bitcoin and WU should have the effect of driving premiums down. In theory.....
29.
Post 4976003 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
while this will rise the profile of bitcoin in the UK, and it is good to see that Barclays look like they will let them use pingit to do so, you always could buy bitcoins for cash...... its called localbitcoins.com , and it looks cheaper to me.......
I have used localbitcoins to buy, but using bank payments, not cash.
I am reluctant to meet a total stranger while carrying lots of cash.
30.
Post 4977995 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Apprently hes using a G-ORB RUBIDIUM MASTER CLOCK GENERATOR
I love the way mugs can be so easily separated from their money.
31.
Post 4986749 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
I just talked to all my chinese friends, most of them are super bearish.
LOL. You don't have friends.
32.
Post 4986784 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Bear party. Hasn´t even begun yet.
For the first time, I am ignoring someone from now on.
Someone who contributes nothing constructive, or even imaginative. Guess who.
33.
Post 4990431 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.03h):
Statement Regarding BTC Withdrawal Delays
Tokyo - JAPAN - February 07, 2014
Dear MtGox Customers,
In our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to get a better look at the process the system needs to be in a static state.
In order for our team to resolve the withdrawal issue it is necessary to temporarily pause all withdrawal traffic to obtain a clear technical view of the current processes.
We apologize for the extremely short notice, but as of now all bitcoin withdrawals will be paused, and withdrawals in the queue will returned to your MtGox wallet and can be re-intiated once the issue is resolved. Customers can still use the trading platform as usual.
Our team will be working hard through the weekend and will provide an update on Monday, February 10, 2014 (JST).
Again, we apologize for the inconvenience, and ask for your continued patience and support while we work to resolve this issue.
Best regards,
The MtGox Team
https://www.mtgox.com/press_release_20140207.htmlThis is a recent announcement. Did the big money know beforehand?
34.
Post 4992771 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.04h):
Obvious troll is obvious
mah87 is the official PR of Ripple btw
mah87 is now on ignore btw
35.
Post 4992885 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.04h):
BTW mah87, if you really are 'officially' involved in Ripple, you trolling and general assholeness have single-handedly convinced me that Ripple is a scam run by jerks.
I won't touch Ripple with a shitty stick.
36.
Post 5025836 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.04h):
Is there a version of this thread where adults can post?
Free of 37-yo trolls who live in their mom's basement and who use posting purely as a displacement activity for masturbation?
37.
Post 5033216 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.05h):
LOL. You can say what you want about us yanks, but tonight, the line was held by Americans at Coinbase. I probably hate my government worse than you do, but I've never been more proud of my countrymen.
Are concepts like national pride and patriotism really needed in Bitcoinland? I don't think so.
Moreover, Bankers are usually behind wars.
38.
Post 5038968 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.05h):
Please dont' quote him. 2/3 of the users are ignoring him.
Indeed.
The world's second-greatest invention is bitcoin.
The greatest invention being the ignore button.
39.
Post 5058702 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
40.
Post 5060243 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
It's cool, they are most likely insolvent anyway.
I wonder how much money did they make on this crash. I doubt they haven't foreseen it and "helped" it a little.
Found this post on another forum:
Did anyone notice that the sell off started 20 minutes earlier on MT. Gox.
When their statement came out the Bitcoin price was almost at the bottom.
Looks like insider trading to me or MT. Gox manipulating the price for their gain.
Hmmmmmmmmm......
41.
Post 5060315 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
this is another reason why alt cons suck balls, its bitcoin that is paving the way, will these alts really be put to the same kind of stress test as bitcoin? i think not. therefore the are way less valuable.
Good point, though some ( a few) of the 'serious' alts may well incorporate Bitcoin fixes where applicable, and may have serious developers of their own.
42.
Post 5083391 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
Amazing, a double spend was detected and stopped. I jizzed my pants
Quite.
The bitcoin protocol does what it is supposed to do, depite moronic trolls on Reddit and DDOS on teh blockchanes.
This all really is a good test, and demonstration, of the resilience of the bitcoin protocol.
Meanwhile, panicing sheep are running up and down the sides of Mount Gox.
More generally, I am very disappointed with the low quality of trolling on this forum. Amateurs.
43.
Post 5083474 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
I'll report directly to you when there is an exchange that I trust sending any form of money to, until then avoid them all.
A Holliday seal of approval? I'll opt in for that, but I am afraid I will possibly not never get to hear back on this matter.
I forgot to accuse one particular shill and downplayer of problems: Andreas Antonopoulos. Only yesterday had I realized he was the same Andreas I always liked to listen to long ago on Let's Talk Bitcoin. Shame what a Bitcoin cultist he bcame, even if he is no less intelligent today.
"Without MtGox, Bitcoin would have never made it"
Who is the shill round here?
44.
Post 5084106 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
Clearly, this DDOS attack is undeniable proof that anything on the Internet can be brought to a halt by DDOS.
Therefore, the Internet is doomed and will never develop into anything useful.
45.
Post 5084440 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!
These are my thoughts anyway!
*facepalm*
They are not having transactions because they are so small they haven't drawn the attention of DDOS attackers.
Do you really think the smaller altcoins have greater resources/ expertise behind them than bitcoin?
And remember, the 'transaction malleability' problem is in an exchange, not bitcoin itself. Bitcoin can avoid the problem if properly implemented in wallets.
46.
Post 5086322 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
poeple are going to get home from work soon...
prepare for glory!
The USA is not the center of the world, sorry to tell you.
47.
Post 5087939 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.06h):
I bet Proudhon is behind the DDOS attack
Confirmed, of course.
48.
Post 5098176 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.07h):
Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..
https://bitcoinfoundation.org/blog/?p=422Update on Transaction Malleability
Gavin Andresen Feb 11 2014
You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.
Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.
We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.
Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.
As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.
Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.So the bitcoin protocol is robust, the malleability flaw is not causing bitcoins to be lost or misdirected, the problem is known and being ironed out, correctly implemented wallets are not vulnerable to malleabilty, the developer community is tidying the protocol up, and my bitcoins, which I bought last year, are still worth much more than what I paid for them.
I'm in tears. Honestly, I am devastated.
49.
Post 5117879 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.07h):
The Polish government seized part of peoples private pensions last September. Didn't seem to affect BTC prices - perhaps people had too little warning.
Anyway, the precedent is already set.
http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load
50.
Post 5121801 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.07h):
To your other points, what will a superior crypto have that Bitcoin lacks?
Are privatized money systems based on trust?
Superior crypto would need a better system for creating new coins, since proof-of-work is not a smart way to create coins. The increase of miners should increase the security of network, and therefor give more value to BTC, but because the miners are pooled together, there is no increase in security. So resources are spent without any new gain. I think that Proof-of-Stake is more advanced, but I don't know any proof-of-stake coin that can hold on it's own. But I do bet that there will be a new wave of better quality coins. What we would need is an software company with experience and financial backing to create a coin. As long as coins are created by students or hobbyists, we won't see any serious competition to BTC.
Of course, money is always based on trust. Trust that you can use money to trade value without any unnecessary loss.
I think that bitcoin won't lose it's trust because of the flaws in software code, but it will lose faith because of the flawed market system. When there are no consequences to create a "scam exchange" that can play the competent exchange role for a year, just to gain trust, and then to run away with their customers money, then the market system is far from being secure. Most bitcoin enthusiasts are religious on the subject, and they actually believe that the market will be fine, since everyone has faith in the future of bitcoin and won't start "scam exchanges" because they can get more profit with legal methods.
But there are people out there who can see Bitcoin just as an temporal phenomenon and those people are motivated to build an exchange just to run away with their customers money. And they can actually do this without "running away", because they can just blame it on being a victim of hacking, lost database or whatever, and they won't see any jailtime.
There would be nothing wrong with proof-of-work as long as all the lazy speculators out there got off their ass and started to help out and do some mining.
That's the big problem with this world...what can everyone else do for me...me me me me me.
What a silly observation. If more people mined, the difficulty would be forced up to compensate. Zero sum game.
51.
Post 5122596 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.07h):
Cheap coins everywhere, Christmas came early
There's no such thing as a cheap coin. It is the current market price. Bitcoins have no intrinsic value, only a current market price.
if you think the current price is low compared to what you think the price could/should be, remember that the 'low' price is 'low' because the market implicitly disagrees with you.
What it will be worth in the future is conjecture.
52.
Post 5122633 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.07h):
Obviously you are wrong, because according to you, 95% of November rally price is from China and it hasn't dropped to 5% of ATH yet, or is that what you are predicting? If I lived in China, I'd be a hodler. Moreso than now even. I can do international wire xfers. The Chinese can't. Bitcoin can be spent almost anywhere. The renmimbi can only be spent in China.
I will happily accept your RMB.
LOL you're like that really smart kid in the front of the class who finds fault with the oversimplification of the idea I give to the slower learners.
And you're right, our student doesn't really understand the definition of "zero-sum".
Mining is a break-even proposition, which means half the mining makes a profit and the other half loses money. Bitcoins are produced, so there is a positive sum.
'Student'... LOL, I wish I
was a student again.... but that was a very, very long time ago. Happy days.
53.
Post 5124753 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.08h):
Some of you guys keep using that word "manipulators"... princess-bride.jpg
Or maybe you mean stuff like the 'adamstgBit' fake accounts... those are not manipulators. Those are imbeciles
They're not manipulators, they're masturbators.
54.
Post 5130520 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.08h):
Gotta say, the Silk Road 2 news is pretty amusing.
55.
Post 5130565 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.08h):
Gotta say, the Silk Road 2 news is pretty amusing.
Quite predicable too. If you entrust your BTC to an anonymous criminal then it might just go astray
Yup. Whoodathunkit?
56.
Post 5140257 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.09h):
The foundation serves as a figure head for the Bitcoin foundation,
Yo dawg.
Wow, signatures are piling up on that petition. If they put it on Bitcoinwisdom the candles would go through the roof!
The Bitcoin Foundation represents no-one but it's members.
By signing the petition, non-members are lending credibility to the Foundation by implictly recognising it. That might not be a great idea, considering it's recent history.
As a non-member, I do not intend to interfere with the internal workings of the Foundation.
I would however sign a petition asking the Foundation to act with integrity and to stop pretending they represent the 'Bitcoin community'.
57.
Post 5140439 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.09h):
I hope they test their 'solution' on an isolated, air-gapped testbed first. If they have an isolated, air-gapped testbed yet.
They apparently didn't before....
58.
Post 5144151 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.09h):
If Gox wasn't buying btc on bitstamp when they could be sold for 200 above in-house, and isn't buying btc on gox today, while they can be bought 200 under in-house, then the management requires psychiatric help. They should be incredibly wealthy at this point. They have perfect inside information on these market-moving events, after all.
...or has more integrity than they are credited with.
Me, I'm saying nothing...
59.
Post 5167567 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.10h):
Is this real? What is this??
probably not, cars are not breaking
I know I wouldn't keep going if a plane suddenly crashed on the bridge I was driving
Yeah, a huge plane traveling at over 200mph can land on a bridge with hardly any damage to the plane or bridge..
60.
Post 5179767 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
Everybody will agree that the chance of snake eyes at dice is 1/36, for example. While diferent people will assign different probabilities to "a whale will fall from the sky into the Grand Canyon", most will pick a very small number.
This recent BBC article may interest you.
'Scientists count whales from space'
http://www.bbc.co.uk/news/science-environment-26075274And I didn't even know that whales came from space.
61.
Post 5180172 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
Everybody will agree that the chance of snake eyes at dice is 1/36, for example. While diferent people will assign different probabilities to "a whale will fall from the sky into the Grand Canyon", most will pick a very small number.
This recent BBC article may interest you.
'Scientists count whales from space'
http://www.bbc.co.uk/news/science-environment-26075274And I didn't even know that whales came from space.
Depends on whether or not the whale observer is a hitchhiker....
http://www.youtube.com/watch?v=YCsfHVM5x_IYes, I was thinking about HHGTTG too.
I presume you are a fellow Brit... or maybe a spaceman.
Didn't Star Trek make a film about a whale too? I am detecting a pattern here. Maybe the extraterrestrial Illuminati are whales, not lizards. The evidence is growing.
62.
Post 5180677 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
Is Mark Karpeles the officially the most hated person in the bitcoin community now?
Has he any contenders right now for that title?
Yes. Fonzie.
63.
Post 5187058 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
Startled at the stillness broken, by a crash so rudely woken,
"Doubtless", said I, "news should matter of the overstock and stores;
call upon a Wall Street master, stop the unmerciful disaster,
it's falling fast and falling faster..." till the charts one burden bore,
"Monday morrow he will fail us... as he has failed us before."
And withdrawals? "Nevermore."
And the Karpeles, never flitting, still is sitting, still is sitting
On the blue ball of plastic just above the wooden floor;
And his eyes have all the seeming of a demon's that is dreaming,
And the lamp-light o'er him streaming throws his bitcoins on the floor;
And my coins from out that shadow that lies floating on the floor
Shall be lifted--nevermore!
64.
Post 5187578 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
65.
Post 5188065 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.11h):
The Great Wave off Kanagawa.... Nice reference.
Poetry, art... this place has become rather sophisticated of late.
Right!? The forum is becoming cultured and refined. What does it mean? Out of depression are we resorting to the arts for therapy and solace?
Many a true word spoken in jest...
66.
Post 5198755 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
Also, it makes sense to keep the hot wallet small to reduce the risk.
You already know that I am totally ignorant on how bitcoin works, and too old to learn; so forgive me for asking:
1* How many weeks does it take for the network to process a transfer of a few thousand bitcoins from MtGOX's cold wallet to MtGOX's hot wallet?
2* How many such transfers from the same wallet can the network handle per month?
3* If bitcoins were transferred into a wallet using certain custom software, can they be transferred out using a different software?
4* If so, how much would MtGOX have to pay for a software that they could use to process the pending withdrawals, while they fix theirs?
1) To transfer coins from a cold wallet to a hot wallet is instant. (approx 10mins, or 1 confirmation to be sure)
2) Unlimited transfers (within reason) per month
3) Yes, all software makes transactions on the blockchain
4) No idea, I'm guessing though trust is a major issue when it comes to wallet software. Would you really trust an unknown contractor who was indirectly given access $50million worth of BTC not to leave a back door? This is probably why Mark wants to control the whole process and why he is being thinly spread.
Jorge you should really get some Bitcoins and play with some of the software and wallets a little, just so you understand what its like to use.
Jorge's questions where obviously rhetorical. he is pointing out that Karpeles/MtGox can/should be pursuing certain options, and that their current excuses are very suspect.
I have never traded with Gox, but I am astonished by their extreme amateurishness and the damage they are doing to the Bitcoin 'project'. I will now never trade with any business connected to Gox or Karpeles.
Their press releases are dreadful. If I had money in MtGox i would be furious.
The most charitable interpretation I can make of Gox's conduct is that they are amateurish and out of their depth.
67.
Post 5200615 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
A so-called 'bank run' should not be a problem on MtGox in principle, as they do not operate a fractional reserve system.
I say 'should not be'......
68.
Post 5206654 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
Hi,
how are u doin with all your coins and money stuck in Gox?
Much butthurt?
Lololololololololololololololololololollololololololollololololololollololololo lolollololololololollololololololollololololololollololololololollololololololo l
Best Wishes
Fonzie
I do not have Bitcoins in Gox. I do not have USD in Gox. Idiot.
Stop PM'ing me, it's a waste of my mailbox space.
I have him on ignore, so I neither see, nor care, about most of the stuff Fonzie posts.
But seriously Fonzie, you need professional psychiatric help. I'm not kidding. Seek help. For your own sake.
69.
Post 5207121 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling. Why do I think this? Because in a very weird way Gox has created the perfect gambling web site. People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.
I thought about having an epiphany at lunchtime too, but local deli was out of them.
70.
Post 5208746 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling. Why do I think this? Because in a very weird way Gox has created the perfect gambling web site. People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.
I thought about having an epiphany at lunchtime too, but local deli was out of them.
Sorry for the incorrect grammar.
C'mon. Give a girl a break. I am from California. You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"
I am doing my best here.
Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.
I don't fault Bitchicks grammar, I was just feigning ignorance and imagining that an epiphany was edible.
71.
Post 5210631 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling. Why do I think this? Because in a very weird way Gox has created the perfect gambling web site. People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.
I thought about having an epiphany at lunchtime too, but local deli was out of them.
Sorry for the incorrect grammar.
C'mon. Give a girl a break. I am from California. You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"
I am doing my best here.
Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.
I don't fault Bitchicks grammar, I was just feigning ignorance and imagining that an epiphany was edible.
Delphic, your impressive poetry yesterday has shown a light on my inferior writing abilities. I say that with utmost sincerity, BTW.
Here is a recap for those that missed it:
Quote from: delphic on February 16, 2014, 02:32:05 PM
Quote from: JorgeStolfi on February 16, 2014, 01:10:33 PM
Startled at the stillness broken, by a crash so rudely woken,
"Doubtless", said I, "news should matter of the overstock and stores;
call upon a Wall Street master, stop the unmerciful disaster,
it's falling fast and falling faster..." till the charts one burden bore,
"Monday morrow he will fail us... as he has failed us before."
And withdrawals? "Nevermore."
And the Karpeles, never flitting, still is sitting, still is sitting
On the blue ball of plastic just above the wooden floor;
And his eyes have all the seeming of a demon's that is dreaming,
And the lamp-light o'er him streaming throws his bitcoins on the floor;
And my coins from out that shadow that lies floating on the floor
Shall be lifted--nevermore!
Thank you, though E A Poe should get a bit of the credit (say, 98%)
72.
Post 5210766 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
I spy panic on the horizon.
Nah, it's an epiphany and it's heading your way.
73.
Post 5210809 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
Poetry to fill a Dull Chart Moment:
Naive you are
if you believe
life favours those
who aren't naive.
--Piet Hein
Anyone fancy a go at a MtGox/Karpeles haiku?
74.
Post 5221098 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
Still massive dumps of Goxcoins, seems like people think they are worthless after all
as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.
are poeple trading gox on superior information or emotion... that is the question.
The fact that a number of people close to MtGox will have far superior information than me, and be in a position to act quicker than me in any event, deters me from touching Goxcoins or Goxbux with a bargepole. Whatever the outcome, I doubt I would be the winner.
75.
Post 5226981 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.12h):
Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?
So Dow Jones went up in 1929.
And it has gone up again recently.
And if you use different vertical scales for the two plots, and an arbitrary start date, the two lines can be made to roughly fit over each other for part of the time periods.
That is the most pathetic attempt at showing a supposed correlation that I have seen for a long time.
76.
Post 5245725 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
...waiting for price to rocket around like a pinball on the Gox announcement...
Edit: with Guinness beer in hand.
Has Gox actually given a date when trading will start again?
Or even a date when it will announce a date when trading will start again?
All I thought was due was an 'update', probably at COB Tokyo time seeing how Gox likes to delay everything.
77.
Post 5246054 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
They haven't halted trading at all
I meant trading between MtGox and the real world
78.
Post 5247788 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
How fucking creepy is that?
What I wonder about is whether they both turn up for publicity photoshoots and meetings.
I mean, if you are multimillionaires, your time is valuable, right? And if you are a clone of your bro, you are unlikely to be able to add anything to what you bro says in news conferences, right?
So if I were a Winkle, I would take it in turns in the business meetings, publicity stunts, etc., and just take a large mirror along and stick it next to me in place of my twin. The other half of the time I would sit on a beach drinking martinis while my bro did his shift.
If this pic isn't just one photoshopped Winkle, these guys need to learn about time management....
And maybe wear different ties.
79.
Post 5252542 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
soooo..... panic, or insider dealing?
We will have a better idea, when we get the announcement, I guess.
80.
Post 5252596 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
(Only) 4:30pm in Japan. Is it just a panic on the lack of an annnouncement so far?
81.
Post 5254126 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
Source?
The confirmation suffices to fulfill the role of a source. You're new at this? The more confirmations, the more confirmed it is.
Yup. It's called the 'Fudchain'.
82.
Post 5254171 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
Mtgox seized by japanese police
??
Posting that, without so much as a link to a source, marks you out as a fucking idiot.
83.
Post 5254581 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
Another fucking idiot. That article is dated 18th Feb, whatever it says.
84.
Post 5254706 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
If there is no constructive announcement in the next few minutes Karpeles', Mt.Gox's, and by association, the Bitcoin Foundation's credibility is going to completely evaporate.
85.
Post 5254874 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
I am thinking next update will be something like "Guys, we've tried our best and almost fixed it, but btc protocol is so bad we got screwed again, stay tuned for the next week's update"
I know that most of you think this management team is a joke. That Mark is a joke.
I agree, it is a fucking joke. But hey, I do hope... sincerely hope that this joke of a management team still has some viable skills and move the fuck on with an announcement.
They see this shit, they know whats going on.
So yeah, nobody said it be 7PM release. You can run around like all the chickens did 2 hours ago, panicking and selling like crazies. Or you can just wait, like you always do in life... wait.
@600watt.
Remember that still at this day people have money on Gox. Bitcoins on Gox. For whatever reasons that may be, you are kinda crutching and hurting peoples ego's and feelings. Get your act together, act like a grown up.
I'd care less if Karpeles wasn't on the board of the bitcoin Foundation, which the press imagines somehow represents 'bitcoin'.
Karpeles should have hired competent people to build a solid exchange with the money he was making.
Instead, not only is he incompetent, he is too stupid to realise, or does not care, that he is incompetent.
This is not the first time he has screwed up, so I have no sympathy for him.
86.
Post 5255710 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.13h):
Stamp got "hacked" again.
Approx 34k coins stolen from various accounts.
Love these exchanges run by retards.
Another retard FUD troll.
87.
Post 5257649 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.14h):
OK I'm fed up with this now.
Mt.Gox, do us a favor, keel over and die.
Karpeles, go run a sandwich bar or something where your fuckups will have less impact.
88.
Post 5266931 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.14h):
baha, Winklevoss Twins Launch Price Index for Bitcoin Named the ‘Winkdex’
worst name ever.
Yup.
I'd have called it Vossdaq.
89.
Post 5266957 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.14h):
I did not realize how difficult it would be to sell on LocalBitcoins right now... no bites in 2 weeks... I love crashes but no one wants to give me cash anymore....
Offer them at $112, I'm sure they'll bite.
90.
Post 5269826 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.14h):
Lol, wasting their money!
A./ He was seen this morning
B./ It's not that difficult to find out where he lives.
Hahahaha
Don't worry we have a GPS tracker attached to the bottom of his frappacino cup.
He's just been spotted in a Tokyo restaurant having a snack, sporting a moustache, likely to disguise his identity.
http://www.youtube.com/watch?v=lhbHTjMLN5cQ: Who is blonde, has a 36" bust, and wears high heels?
A: Mark, as from 21 Feb 2014.
91.
Post 5270487 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.14h):
What, no props? I nailed it again!!
So you keep saying. ZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
92.
Post 5306441 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.16h):
Ukrainian government has fallen. President has fled.
Fled to Kharkiv. East Ukraine vs. West Ukraine split perhaps?
Sochi Olympics end tomorrow with the big finale. Putin won't want to do anything that day to spoil the razzamataz, but on Monday, Yanukovych may 'invite' Russia to help him 'restore stability'.
More likely, Yanukovych will be irrelevant by then, and a new battle for power will start in the vacuum left by his government. Putin, the EU and the USA will all try to interfere with that process.
93.
Post 5322466 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.16h):
(edit.. it is all a little bit death threaty huh)
a little bit......
94.
Post 5326589 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.17h):
I don't think so. That Lehner Franz sounds quite sinister and mendacious.
Mark may end up looking over his shoulder for the rest of his life though. He needs to fix Gox fast, and communicate properly.
95.
Post 5326634 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.17h):
mtgox irc channel became unlocked some minutes ago
Why was it locked?
In case some of Mt.Gox's bitcoins fell out of it, due to bugs in the IRC protocol.
96.
Post 5343730 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.18h):
OK, here is my completely theoretical unsubstantiated contribution to the FUDchain:
BitCoinBuilder is in fact Karpeles.
97.
Post 5343912 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.18h):
However [ MtGOX ] most probably have much more from fees than the amount they lost also stored offline
...
Moreover, whatever is left of their feee revenue after paying salaries and other expenses is surely pocketed by the owners as profits --- and not left in MtGOX corporate accounts.
Mark Karpeles was told by the core developers continuously for months about this particular problem with his custom wallet software and about the fact that he could loose bitcoins this way. He neglected it and knowingly decided to ignore the warnings and just do nothing. In a possible lawsuit he could be liable with all of his profits. It'll be a surprise for me if he somehow managed to loose more then 10-15% of the Bitcoins (like don't keep an offline wallet, lost the password for the offline wallet, his dog eat the wallet, etc.).
the owners paid themselves dividends, and Mt.Gox was insolvent and they knew it, that would be fraud.
98.
Post 5343950 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.18h):
How about Karples just makes a clear statement already. Even if the worst thing possible... they lost/stole everyone's money.... couldn't be worse than leaving everyone in the dark to speculate on what is happening, and what they think the market will do because of what they think is happening and reacting to ghosts and shadows.... or twitter post deletions.... I guess this is just bitcoin though.
Perhaps Karpeles is delaying so he can get his plastic surgery, breast implants and false passport arranged first.
99.
Post 5344065 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.18h):
I bought pi goxcoins for 1/pi bitcoins each, just for fun.
I yearn for a complex wallet.
Great idea.
It could hodl in the form (Bitcoins +
i Goxcoins)
100.
Post 5362649 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.19h):
I suspect bullshit from Shrem.
The leaked scribd document wasn't the only leak. Remember, mtgox.com homepage still currently reads:
<html>
<head>
<title>MtGox.com</title>
</head>
<body>
<!-- put announce for mtgox acq here -->
</body>
where it could easily be found. I suspect if this is a delaying tactic? Anyway, MTGOX effectively leaked hints of a takeover, real or not.
101.
Post 5363885 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.19h):
Where does this mess leave Bitcoinbuilder?
Bitcoinbuilder's main trade was buying Goxcoins at a discount for real Bitcoins. He was gambling that Mt.Gox would come out of it's problems.
If Mt.Gox is bust, those Goxcoins are worth nothing, and Bitcoinbuilder is the loser in the deal (the gamble).
Or have I got the wrong end of the stick?
102.
Post 5364440 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.19h):
<html>
<head>
<title>MtGox.com</title>
</head>
<body>
<p><img src="/img/mtgox_logo_mail.png"/></p>
<p>Dear MtGox Customers,</p>
<p>In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.</p>
<p>Best regards,<br/>
MtGox Team</p>
<!--- That'll keep the suckers quiet for a few hours ***snigger***--->
</body>
</html>
Warning - the above is a spoof, not genuine. I don't want to add to FUD.
103.
Post 5365346 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.19h):
Disclosure: The rumor regarding Mt.Gox being bought out by a private investor should be CONFIRMED soon.
Some acknowledgeable sources have already released teasing material with pictures of Gox new Head Quarters:
yeayyy
I think I have been to that mansion. In SecondLife.
104.
Post 5368634 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
did anyone notice that they've changed the mtgox.com update a bit? Added "in the light of" to the begging.
If it is true that they are *trying* to negotiate a takeover of the company, it probably makes sense that they put up a statement that said even less than usual. The mere fact that something got posted on the site was a lot better than having a blank page. But being in negotiations, nothing of substance can really be said without risking damage to the process.
Yet Karpeles then goes blabbing to Reuters:
"We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as
this also involves other parties."
...which almost certainly means, or is
intended to imply, a buyer, real or not.
Karpeles has no clue about Due Diligence. Amongst other things.
105.
Post 5369438 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
From Reddit:
http://www.reddit.com/r/Bitcoin/comments/1yvdcd/heres_a_summary_of_what_has_happened_over_the/1.) MtGox allegedly lose 750,000 Bitcoins, according to an ALLEGED leaked document by MtGox, titled "Crisis Strategy Draft". TwoBitIdiot, who leaked the document, is a known person within the Bitcoin community.
2.) He then decides to leak the document to the public 1 - 2 hours later confirming this number, and within the document it says they are to rebrand as
http://gox.com and lie their way out of this mess.
3.) After the document is leaked to everyone, MtGox halts trades immediately (Around 5 minutes after the leak)
4.) At this point,
http://gox.com is still a parked domain, and not long after starts to redirect to
http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document. Further info on Domain Investing.)
5.) After around 30 minutes, Coinbase, Blockchain, Circle and Kraken simultaneously release identical articles titled "Joint Statement Regarding the Insolvency of Mt.Gox" (EDIT: Since then, some of the articles have removed the word "insolvency", but not all of them.)
6.) A further 5 minutes later,
http://mtgox.com is taken completely offline.
Then:
MtGox web page goes blank, with hidden hint MtGox may be being acquired. - source - comment in HTML of MtGox home page (a placeholder for an announcement about 'acq'). (This web page has since been superceded)
Hours later, MtGox web page carries a statement that "a decision was taken to close all transactions for the time being in order to protect the site and our users"
Karpeles tells Reuters ""We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."
Domain name Gox.com now registered to Karpeles/MtGox.
http://www.whois.com/whois/gox.com gox.com redirects to mtgox.com. (A third party could have registered this and set it up as a hoax but that seems vanishingly unlikely.)
The "Crisis Strategy Draft" report seems to be the sole source of rumours that 750k bitcoins are missing from MtGox. Also seems to be the source of a new supposed 'Gox' trademark. Rumours about ~750K bitcoins 'missing' from a MtGox cold wallet are confused, with some people assuming that 750K have gone in one go, others assuming that they have leaked away in small amounts over years, and others speculating that they have been destroyed/keys lost. If coins are 'missing', the figure might not be as high as 750k
Facebook page 'gox.com' launched, seems to be fake/troll with increasingly absurd comments about Dogecoin, etc. If the content were genuine, it would surely be on the mtgox.com and/or gox.com websites, not facebook.
IRC seems to carry comments from known(?) MtGox developers about losing their jobs.
MtGox still conspicuously fails to prove that it has Bitcoin assets by signing any in the blockchain, though this may be for commercial/securty reasons.
106.
Post 5371317 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
I'm 99% certain the Facebook gox.com page is a fake.
For a start, why not put it all on the gox.com or mtgox.com websites?
107.
Post 5385947 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
People seem to be making unjustified assumptions about these 740k 'missing' bitcoins.
The total number of bitcoins is always a known figure. The unknown is how many of these are in cold storage , and even that can be estimated to some extent from the blockchain.
One possibility is that the key(s) to the 740k have been lost forever.
Another possibility is that MtGox somehow sent 'replacement' Bitcoins to customers who falsely/fraudulently claimed that bitcoin transactions had failed, over a long period - meaning that these coins have long been in circulation already.
A third possibilty is that the 740k has all been stolen in one go.
A fourth possibility is that the figure of 740k is an unfounded exaggeration.
A fifth possibilty is that the theft/loss is bullshit, and the coins are there in MtGox.
A sixth possibility is that this supposed pool of 740k coins at MtGox never existed in the first place.
One thing I am sure of now - I wish MtGox would just wither and die for good. It is poison to the Bitcoin 'project'. Though I sympathise with all who may have lost assets as a result.
108.
Post 5387690 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
My theory is that the keys to the 740K BTC were on a USB stick, and Mark accidentally dropped it in a frappacino.
109.
Post 5394773 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.20h):
some of the best thinking yet
I can say 90% that this is what happened, he lost the private key, but he thinks that he can recover it, he reached for help, he told the Big guys about the problem, they were shocked and didn't want to help him and went out in 24 hour to tell us that Mtgox is insolvent instead of helping him recover customer funds, it was interesting how they just made a statement in 24 hours without any explanation to just tell everyone forgot your funds...
Edit: now if this is true, I really really hope that he will be able to recover the key and refund costumers, we really do not need that bad advertisement especially now...
Mark, if you are reading this, the password you have forgotten is 'tibane123'. Hope this helps.
110.
Post 5397384 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Mark's cat ate the paper wallet.
111.
Post 5397690 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Current speculation is that they exist (they are stolen but they still exist). A minority believe the private keys have been lost (in which case they are truly lost and this is super bullish).
Edit: Almost certainly it is one of these two. I highly doubt Gox has the coins.
The third most popular theory is that Mark spent everyone's funds on frappuccinos.
I bet he spent them all on Magic:The Gathering cards.
112.
Post 5397775 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Seriously, my guess is that Mt.Gox leaked a relatively small number of BTC over months due to TXID malleability and it's lame code, refunding people for BTC allegedly 'lost' in transactions which weren't actually lost at all.
Then when Mark goes to top up the hot wallet from BTC in cold storage, he discovers his second fuckup. He can't retrieve the coins in cold storage because there is a problem with the wallet/keys. Ooops.
The coins are probably there on the blockchain, stuck forever. That is why he can't even sign them to prove they are under Mt.Gox's control. They aren't.
113.
Post 5397844 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Edit: Due to some angry Gox depositors, I've been advised to disclose that Karpeles was overstating the fact that he had "lined up" investors. The truth is, in a move of desperation, Mark asked several investors for a bailout, all of which seemed to have immediately notified the authorities once they learned the extent of the fraud, negligence or incompetence at Mt. Gox.
That is to say, my leak did NOT cost depositors their investments. There was no chance of a bailout. Please direct your anger at Mt. Gox, and please do not blame me for your losses. Even if you disagree with my reporting, there was nothing to gain by continuing to cover this up, but much prolonged agony for Bitcoin and perhaps additional damage for new depositors.
Thank you for your support and understanding.
That was what he hyped up?? Really?
LAMEEEEEEEEEEEEEEE
Twobitidiot may have more up his sleeve; the tumblr article title is "BREAKING: Full Mt. Gox Story
coming…"
114.
Post 5398052 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
If the Bitstamp market could make a sound, it would probably sound like a balloon slowly deflating.
Not sure why. I would have thought that if the reaction is to twobitidiot's latest news, the implication is that the MtGox coins are gone or even destroyed, which would tend to be bullish for BTC.
115.
Post 5408158 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Karpeles needs to come clean about the cold wallet. Now.
Is it empty? If so, he could sign it, and we could see it's history on the blockchain.
Or have the keys been lost, taking 744k out of the coinbase as dead coins forever? (This would be difficult to prove; anyone could say the keys are lost or corrupted, and there is no guarantee that someone else does not have the keys - or has changed them). but a pointer to the cold wallet(s) on the blockchain would be a start.
I suspect Karpeles has some form of Asperger's syndrome, from the way he behaves.
He at least owes this to everone else using Bitcoin the economy. But he is probably looking for something bigger than a blue plastic ball to cover his fat arse.
116.
Post 5409672 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Lost coins only make everyone else's coins worth slightly more.Think of it as a donation to everyone.
Satoshi Nakamoto 21/12/2010
Satoshi may have been wrong here; at least, 'lost' coins are indistinguishable from coins in cold storage.
Why? Both are, by definition, locked away and do not move.
If coins are lost, it is
impossible to prove to another party that they are lost. Anyone can claim that the keys are lost; anyone can claim that coins at a particular address are/were under their control, and no-one is the wiser unless someone else turns up and shows that they control the keys.
So, except for people who themselves
know that
their own coins are lost and that
no-one else has gained control, coins that are declared 'lost' cannot be known, by other bitcoin users, to be lost ; they must be assumed to be accessible unless proven otherwise, (which is impossible if actually lost).
And 'lost' keys can be found years later under certain circumstances.
More abstractly, lost coins are illiquid and, like cold-stored coins, reduce velocity, which may mathematically manifest itself in the economy.
117.
Post 5409788 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
It's becoming more and more clear that the coins haven't been stolen, they've just lost the keys lol. Once this is confirmed, should be very bullish.
I don't think that the loss of those coins, per se, would have any effect.
Think of the exchanges as water tanks where water represents bitcoins in the market, and the water level is the inverse price (how many BTC one can buy with one dollar).
The tanks are connected by pipes at the bottom (coin withdrawals and deposits) so the hydrostatic principle (arbitrage) keeps the water level about the same in all tanks. If one pours more water into any tank (brings more coins to the market) the level in all tanks goes up (meaning the price goes down). The opposite happens if one takes water out of one tank (buys coins and puts them in cold storage).
If the MtGOX theft did happen, then at some point in the past, someone siphoned most of the water out of the MtGOX tank to a private barrel. I the keys were lost, most of the water in that tank leaked out and was permanetly lost. In either case, Mark put some bricks into the tank (hid the theft) so that people would not notice the loss, and the water level was not affected. Then a few days ago the pipes out of that tank were closed (withdrawals were blocked), and the tank was disconnected and removed it from the system. That would not affect the water level in the other tanks either.
If the theft happened, and the thief then dumped the water in other tanks (sold the coins in other markets), then there was indeed a net rise in the water level (a fall in market price); but that is past history.
We may expect an effect only if the coins were stolen but have not been not sold yet EDIT: and are sold now.
(This analogy is imperfect because it does not model the money flows, but hopefully it is enough to argue the point.)
Jorge, are you aware that the UK economy used to be modelled by the Treasury by an
actual water analog computer?
http://en.wikipedia.org/wiki/MONIAC_Computer
118.
Post 5410472 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Correction: It seems it was a research and teaching aid, but wasn't actually used by the UK Treasury. Although, by the way they run the economy, one would think they do.
119.
Post 5410551 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
I'm almost sorry I brought up the Karpeles Fork idea, but it is an interesting question, and shouldn't be swept under the carpet. I personally am completely against the idea. But the danger comes as was mentioned previously in offering pool operators/miners a bounty for running the forked code. It could be argued that the Gox event is so significant in size 750k that an exception in some peoples mind could be made. What is the price of the miners... 50%? The next 500 blocks found running the modified code each receive a bonus 750BTC per block found.... Very scary
As I said I am against this... Just putting it up for discussion.
https://en.bitcoin.it/wiki/Economic_majorityLet's put this theory to the test!
To get miners to support a fork that 'recreates' the 'lost' Goxcoins, you would have to persuade them that the coins have been lost.
Logically, the loss cannot be proven.
So the fork ain't gonna happen.
120.
Post 5411830 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
Unless you are trading 100% of your coins regularly, why don't you keep a portion cold?
I will lose anything physical. Almost guaranteed. I have to replace my flash drives monthly because I always lose them...
I keep back-ups encrypted and locked in safes in the homes of two family members. It may sound ridiculous, but it is so easy to do in practice. Why not?
Make sure you share at least 51% of your DNA with them.
121.
Post 5422442 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.21h):
There is no use trying to convince me that bitcoin can survive more then couple of years, before it will get eaten by competition. To me it sounds like, when someone is the first to struck oil, and then no one else on earth will drill for oil any longer, because someone else already did it. Creating the perfect digital currency will soon be the holy grail to everyone who consider them to be geniuses at software engineering.
I CANNOT disagree with you, here. It is very possible that there is going to be an improvement on bitcoin that will undermine bitcoin... but that is in the future.. and maybe even, as you say, two years or so. At the moment... bitcoin is pretty damn good... and bitcoin is "the one" to invest into b/c it is the direction of the future. However, if a better "one" comes along 6 months from now, one year, two years or even longer.. at that point,
it is very possible that we could transfer our investment from bitcoin to that other "one." Accordingly, what's the problem... Invest in bitcoin now, and when that other better one comes along, then move assets into that other better one... NO problema.
waiting for more cheap coins
When is this going to happen, and how low is it going to go... I would like some more too in the coming week or so... and then thereafter we can be on our moonward journey...
It amuses me whenever people think they will be able to 'transfer' investments from BTC into a new hypothetical coin.
Short of selling the BTC (which would implicitly be devalued because of the new, better coin) and buying the new coin, how would that work?
122.
Post 5446434 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.22h):
BFL has server error
wget
http://www.butterflylabs.com--2014-03-01 13:49:49-- http://www.butterflylabs.com/
Resolving
www.butterflylabs.com... 141.101.123.48, 190.93.241.48, 190.93.242.48, ...
Connecting to
www.butterflylabs.com|141.101.123.48|:80... connected.
HTTP request sent, awaiting response... 500 Internal Server Error
2014-03-01 13:49:50 ERROR 500: Internal Server Error.
It looks ominous.
There is a web page at
http://www.butterflylabs.com/, it is just blank.
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=Content-Type content="text/html; charset=windows-1252"></HEAD>
<BODY></BODY></HTML>
Feck.
123.
Post 5446634 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.22h):
That works.
But no
homepage? WTF.
124.
Post 5452225 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.22h):
2014-02-28
[14:07] <prof7bit> Hi, can you now please explain in more detail what was/is going on?
[14:09] <MagicalTux> well, we filed for the japanese law equivalent of what you know in the US as chapter 11 bankruptcy
[14:11] <prof7bit> I would like to know what are the future plans. especially what is with the BTC balances, people are saying it is not included in the liabilities at all, is this true?
[14:12] <prof7bit> I had 100 BTC in my account
[14:13] <prof7bit> and almost no fiat
[14:15] <MagicalTux>
it's not included because we'll try to return btc as btc[14:15] <MagicalTux> so we delayed decision to include btc in liabilities
[14:18] <prof7bit> Is this even possible after a loss of such giant amount of BTC (are they really lost, what exactly does the "temporarily" and "not yet lost" mean? BTW I and many others would also accept their BTC balance converted into dividend paying shares of ownership of a newly opened exchange, did you consider this possibility as well? Or is there really a hope to recover the BTC completely?
[silence from here on]
If that really is Karpeles, he is talking bullshit.
"[14:15] <MagicalTux> so we delayed decision to include btc in liabilities"
When you are filing for bankruptcy/protection, you don't have latitude in deciding what your liabilities are. You have to come clean with the Court.
125.
Post 5483802 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.23h):
Perhaps they want super-powers, like X-ray vision.
Or even... Llap Goch...
126.
Post 5484458 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.23h):
127.
Post 5484821 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.23h):
no kidding.
Well there are many who have been arguing that karpeles/MtGox is the victim of a theft, have accidentally lost their private keys, that all is well, Karpeles is merely under a gag order, etc.
This should leave no doubt. Karpeles is a serial fraudster.
If he has stolen from anyone 'powerful' in Japan, he is going to have to spend millions on security for the rest of his life.
I hope he gets what is coming to him.
I have never traded on MtGox, BTW, thankfully.
128.
Post 5491399 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.23h):
yeayyy
"
In the long run Soon
we Karpeles
are all dead will be swimming with the fishes”
- (with apologies to) John Maynard Keynes
129.
Post 5503488 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.23h):
Every fucking bullet wasted at Crimea will be a fucking rally for Bitcoin. Some people die, some people get rich. Choose your seats.
I doubt, and very much hope, that bullets will fly in anger in Ukraine (though some warning shots were allegedly fired this morning).
If anyone is hoping for violence in Ukraine in order to profit in the markets, then shame on them.
130.
Post 5530747 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
$666ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzz.............
131.
Post 5531912 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
Now, on the other hand, some of the shenanigans and the seemingly ponzi schemes with some of the alternative cryptocurrencies, may snuff out some of bitcoin's energy... but we are going to have to see how those distractive dynamics play out before putting our nails in a bitcoin coffin, as you seem anxious to begin such bitcoin funeral preparations.
A funeral paid for with bitcoins. That would be great publicity.
132.
Post 5536117 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
Pro Tip: "literally" does not mean "i really really mean it, like seriously"
I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"
"virtually" has had the same transformation.
133.
Post 5549591 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
Yup this is bad news. SELL.
The letter in that link really doesn't sound very, erm, satoshiesque...
So, Satoshi writes letters in which he spells 'security' as 'secruity'?
I'm not buying it.
This guy is not
the Satoshi Nakamoto.
134.
Post 5551407 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
Last weekend's British Sunday Times magazine contained a well-written article by Andrew Smith about who Satoshi might be. It examined about 10 candidates, most well-known in the bitcoin community, and did not jump to any conclusion. It puts the junk Newsweek article to shame.
135.
Post 5560212 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.24h):
"the world's a stage." - some famous lunatic
That would be Macbeth...
Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury
Signifying nothing. — Macbeth Act 5, Scene 5
Is this a doge which I see before me,
The handle toward my hand? Come, let me spend thee.
I have thee not, and yet I see thee still.
Art thou not, virtual coin, sensible
To feeling as to sight? or art thou but
A doge of the mind, a false currency,
Proceeding from the heat-oppressed brain?
136.
Post 5570398 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.25h):
I dont get what is happening there...
Can anyone explain?
i follow gmaxwell/nullc on reddit and he speculates:
200kBTC has been transferred from suspected gox controlled addresses to new addresses, and then part of those funds has been transferred again and again, being broken into small pieces in a manner consistent with the MTGox software and operations for their online wallet. Some transactions spending coins involved in this are showing up in the MTGox api.
I would speculate they are preparing to bring their site back online in some capacityl
Sorry for the lack of links, this all follows directly from the transaction ID in the thread title and the other links I've posted.
source:
http://www.reddit.com/r/Bitcoin/comments/1zsr6g/the_megahuge_addresses_tied_to_gox_that_just_got/cfwnqc9its an uncertain situation, not sure what happens and where we go now. lets hope they are not going to gox us one last time.
but for those who own goxcoins there is a little hope.
The leaked code, I understand, splits bitcoins into 2 outputs randomly up to a roughly 40%/60% split. i do not understand what the purpose of doing that would be in the norma; course of MtGox's business.
Also, if MtGox is trying to come back up online, why would it be splitting the contents of the previously cold address up into lots of random, smaller amounts at all?
My first impression was that a thief is splitting up the hoard into smaller amounts that might later be fed through a tumbler, although arguably the thief is leaving a bigger, albeit more confusing, trail by doing so. One slip might reveal who is splitting the hoard up.
The more I watch, the less I understand what is going on.
Is Karpeles going to pay people 200K BTC to throw them of the trail of the much larger missing remainder? I do not trust Karpeles an inch.
137.
Post 5570853 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.25h):
Splitting up coins for a hot wallet is a good idea because if you just use a single huge output, you can process one withdrawal and then have to wait for it to confirm before you can use the remaining funds, since they're all in a change address. Or you can send unconfirmed change out, but then you're susceptible to malleability abuse. If you're going to deposit coins from a cold into a hot wallet, it is good practice to split them up in many small outputs.
Also, if MtGox is trying to come back up online, why would it be splitting the contents of the previously cold address up into lots of random, smaller amounts at all?
MtGox's hot wallet used to be split up in roughly 2k chunks. So he's probably running a script that loads a hot wallet from cold storage.
Why? Don't know. It's not a very good way to hide the coins, so my suspicion is that there is going to be payments from MtGox soon. Let's just hope it's to customers. It could be preparations for Gox.com.
My first impression was that a thief is splitting up the hoard into smaller amounts that might later be fed through a tumbler, although arguably the thief is leaving a bigger, albeit more confusing, trail by doing so. One slip might reveal who is splitting the hoard up.
Does not make sense. What would you tumble it with? Itself?
Thanks for the explanations. I still don't understand why the output amounts need to be randomised. My remark about tumblers is that tumbling huge amounts is pointless ass you just tumble with your own coins; I was guessing that the intent might be to break down the amounts into volumes that might feasibly be tumbled successfully.
I have no fiat or BTC in MtGox but I am astonished at what has happened so far.
138.
Post 5573448 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.25h):
It would be so awesome if we would collect like 1000 BTC for Dorian, the old guy would be very happy and we would get lot of press for it.
"Bitcoin community collects million dollars for Satoshi Nakamoto"
1000btc I don't know but if the collect continue like this, 100btc is very possible
If Dorian does get $1m, his brother may regret calling him an asshole.
139.
Post 5582096 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.25h):
Time to the most popular game of the day..Internet detective or chief fud engineer . I really hope i'm wrong
evidence #1
1191 BTC
evidence #2
evidence #3
Last Active:
February 25, 2014, 02:34:46 PMevidence #4
http://www.youtube.com/watch?v=K2ku1A5Ox8Ui know he said he hired someone on fiverr but that could be to hide he's really a she?
evidence #5
Autumn Radtke, chief executive of First Meta Pte Ltd, was
found dead at her Singapore home on
Feb 26.I fear that you are right.
There is a video of Autumn speaking here
http://upstart.bizjournals.com/news/technology/2014/03/05/death-of-bitcoin-expert-autumn-radtke.htmlHer voice and accent seem very similar to TheKoziTwo's in the songs.
Edit: TheKoziTwo's account settings suggest a European (GMT) timezone. Autumn was American, but Singapore-based.
140.
Post 5646330 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.26h):
Also I know most people aren't interested but DOGE is seriously crashing right now.
uh...yeah
and I am very very dissapoint that this thread did not inform me in time
dumb thread...bah
I guess it is because this is the Bitcoin Wall thread.
if you have ever watched a Doge, you will know that it just pisses on walls.
141.
Post 5650060 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.26h):
Overstock CEO just emailed 41.7 people about Bitcoin and why he believes in it! That is bullish! (It is the Wired article that came out a while ago about him. It is a good article BTW.)
I feel sorry for whoever the 0.7 person was.
142.
Post 5824991 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.28h):
Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible.
I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess
I was thinking something like this would evolve also. B/c even though it appears fairly likely, based on our current knowledge of the situation, that Mark was up to some incredible Shenanigans, he is likely realizing that he is in much bigger doo doo than he anticipated. Surely, he has a large number of civil lawsuits, but worse, he has potential for major criminal prosecutions, too. Accordingly, b/c he values his freedom more than he values drinking cappuccinos, he is going to find more BTC and realize that those BTC were NOT stolen.. they were merely misplaced....
In the end, I will speculate (since this is the speculation thread) that GOX is going to find more than 60% of their previously lost/misplaced coins... which will be more than 500K found coins....
...or maybe it is just part of Karpeles' game and people are supposed to be *grateful* that they have at least got some coins back, and swallow the story about the rest being lost.
I would not put anything past Karpeles now.
I think Karpeles' biggest problem might be that some of the BTC inevitably belonged to some very shady people (typically gentlemen short of a finger) who might want to take him for a car ride to discuss matters.
If I were Karpeles, I would not count on ever drawing a pension.
Just my two cents; I did not have any BTC or $ in Gox.
143.
Post 6065500 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.33h):
I have read sooooo much stuff (even read over half of THIS entire thread - dedicated n00b yo) - so yeah I definitely got crossed there, though it would've been even cooler of Satoshi if he'd have just coded the whole thing
to make everyone financially secure and never impoverished since clearly he was already a genius level nerd
That's why he hasn't spent the millions of coins he mined... once the price is right and adoption is high enough, he'll probably find a way to distribute them to the poorest people on earth
I have wondered about this.
You may actually be right, which would be wonderful.
144.
Post 6104437 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.33h):
Bitcoin will have its day in Congress.
Is that Roosevelt on the right,
standing up?
145.
Post 6714780 (copy this link) (by delphic) (scraped on 2020-04-04_Sat_12.44h):
That is not a castle.
This is a castle:
Vlad the Impaler's 14th century castle in Romania. The inspiration for Count Dracula.
Currently up for sale.
