I'm Kevin, here's my side. - page 7.

Epinnoia

full member

Activity: 209

Merit: 100

Quote from: JonasKohlheim on June 21, 2011, 08:44:12 AM

Quote from: d.james on June 21, 2011, 08:34:03 AM

Quote from: JonasKohlheim on June 21, 2011, 08:27:26 AM

A total of 51 million bitcoins got sold by 1 sell order this Sunday.

source?

http://pastebin.com/J0HXBjWu

That's from sunday, the price reached 0.01
In order to reach the price of 0.01, all these orders had to be cleared.
If you paste it in excel and do a count of the amount of bitcoins that people wanted to buy @ 0.01 or higher, then you can see that there needed to be sold a total of 51 million bitcoins in order to clear the whole bid-side of 0.01 or greater, which happened, but was impossible...

Obvious forge is obvious.

I opened that file, and I see nothing which indicates whether the lines are buy or sell orders, or a mixture of both.

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

good thing you're not running mtgox.com...

or is it a bad thing? Shocked

JonasKohlheim

newbie

Activity: 19

Merit: 0

About my 51 million bitcoins post, i found what went wrong Tongue

My excel transformed European Format numbers into American ones and changed numbers like 21.652,252 into 21 million.... Roll Eyes

Sorry guys, but hey, it's not easy sometimes. Why can't we all just use the same formats throughout the entire world?

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

There's only stupid users Roll Eyes

BCEmporium

legendary

Activity: 1218

Merit: 1000

Got a different result because cut the column using Excel which gave me double floats (1.000.123 for 1,000.123). WTG Bill! What a nice piece of sh... spreadsheet software Excel is... Shocked

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

So yes, one account with 500k BTC can fill every buy order on the market at the time,

and still have about 260K left waiting to be sold at 0.01 each.

gnukix

newbie

Activity: 13

Merit: 0

here's the same data, with the running total.

http://pastebin.com/jXqmLKuc

(pffff excel...Perl for the win)

Quote from: gnukix on June 21, 2011, 09:36:28 AM

Quote from: JonasKohlheim on June 21, 2011, 08:44:12 AM

http://pastebin.com/J0HXBjWu

That's from sunday, the price reached 0.01
In order to reach the price of 0.01, all these orders had to be cleared.
If you paste it in excel and do a count of the amount of bitcoins that people wanted to buy @ 0.01 or higher, then you can see that there needed to be sold a total of 51 million bitcoins in order to clear the whole bid-side of 0.01 or greater, which happened, but was impossible...

Obvious forge is obvious.

How about the obvious again...that there may have been other 'stop loss' sales in the system, and people were (although not many) committing buy and sell orders on the way down outside of the single large sale going on thereby greatly increasing the number of transactions happening as the same coins traded multiple times on the way down.

I'm sure there were losers and winners in this whole game...also, i don't even see remotely close to a million in that list, 237457.099 is the total.

Now shoo troll.

kjj

legendary

Activity: 1302

Merit: 1025

amount sum is 237,457.099. total sum is $1,321,904.20618504.

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

There are about 3000 lines or orders in that txt.

If there were really 51,000,000 BTC orders there,

each line should average about 17,000 BTCs

Show me an order or two which had that much amounts.

KTHXBYtrolls

BCEmporium

legendary

Activity: 1218

Merit: 1000

Which column are you summing? "Total" or "Amount"?

EDIT: You're right! Just made a small function to sum it up, using the "Amount" column, and the result it:

201,772.872 BTC

Wonder where the hell Excel got that sum [ SUM(C2:C2967) actually outputs 51 Million]. Result: -1 for Excel!

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

Quote from: kjj on June 21, 2011, 09:32:54 AM

Are we looking at the same data? I've got 2967 rows (including the header) totalling 237457.099 BTC.

Obviously not, I used the data he provided and estimated no more than half a million, 237k sounds way more reasonable.

gnukix

newbie

Activity: 13

Merit: 0

Quote from: JonasKohlheim on June 21, 2011, 08:44:12 AM

http://pastebin.com/J0HXBjWu

That's from sunday, the price reached 0.01
In order to reach the price of 0.01, all these orders had to be cleared.
If you paste it in excel and do a count of the amount of bitcoins that people wanted to buy @ 0.01 or higher, then you can see that there needed to be sold a total of 51 million bitcoins in order to clear the whole bid-side of 0.01 or greater, which happened, but was impossible...

Obvious forge is obvious.

How about the obvious again...that there may have been other 'stop loss' sales in the system, and people were (although not many) committing buy and sell orders on the way down outside of the single large sale going on thereby greatly increasing the number of transactions happening as the same coins traded multiple times on the way down.

I'm sure there were losers and winners in this whole game...also, i don't even see remotely close to a million in that list, 237457.099 is the total.

Now shoo troll.

kjj

legendary

Activity: 1302

Merit: 1025

Are we looking at the same data? I've got 2967 rows (including the header) totalling 237457.099 BTC.

BCEmporium

legendary

Activity: 1218

Merit: 1000

Used excel to sum it up and yes:

Total: 51,025,991 btc were "exchanged" there.

But this makes things WAY worse! Was MtGox a fractional reserve or the hacking went way further than a simple read-only users db dump?

EDIT: Actually MORE than that number, due to the number format used by my European excel it didn't sum the floats, treat them as strings.

d.james

sr. member

Activity: 280

Merit: 250

Firstbits: 12pqwk

Quote from: JonasKohlheim on June 21, 2011, 08:44:12 AM

Quote from: d.james on June 21, 2011, 08:34:03 AM

Quote from: JonasKohlheim on June 21, 2011, 08:27:26 AM

A total of 51 million bitcoins got sold by 1 sell order this Sunday.

source?

http://pastebin.com/J0HXBjWu

That's from sunday, the price reached 0.01
In order to reach the price of 0.01, all these orders had to be cleared.
If you paste it in excel and do a count of the amount of bitcoins that people wanted to buy @ 0.01 or higher, then you can see that there needed to be sold a total of 51 million bitcoins in order to clear the whole bid-side of 0.01 or greater, which happened, but was impossible...

Obvious forge is obvious.

I glanced through the numbers (don't have excel on this PC) and I seriously doubt the total buy orders were even close to the number you claimed.
I don't think it's even close to 1 million...

Are you trying to add up all the numbers in that list? INCLUDING THE DATES PROBABLY.
gosh, get your facts straight before you post bullshit like this!

Batouzo

member

Activity: 70

Merit: 10

Quote from: PGPpfKkx on June 21, 2011, 08:50:09 AM

Quote from: GeniuSxBoY on June 20, 2011, 05:38:28 PM

Robber steals from a bank.
Robber loses his loot on a chase.
You pick up loot.

+2

Fallacy.

It is really more of:
Owner of Art's dealing auction house gets drunk and forgets to lock up doors. Few times. (Or he gives they keys to his friend and he gets drunk). Either way he was warned for weeks to get the damn doors fixed.

Then someone brakes in, and rearranges price tags.

Then you come in and seeing paintings at affordable 13 USD instead usual 17 USD you bid for it and win.
Others do too, some even for 10 USD, 5 USD... and so on.
One dude buys all the paintings for a penny each - you think - what a crazy trade, wtf.

You come back to pickup your painting for 13 USD that you bought, but the owner woken up and closed the auction house.
Sign says it will reopen in few hours. Then in a day. Then "soon".

As buyer of picture at 13 USD I would expect some compensation if it was all a fuckup.

I, personally, would not demand to have the paintings are pries like 10 USD, or 5 USD, or 1 USD, but some people might want to want to have compensation.

Rassah

legendary

Activity: 1680

Merit: 1035

Man, I would LOVE to see some of the people threatening lawsuits posting some proof or paperwork showing they're actually trying to do it. Regarding suing to stop the rollback, no lawyer would touch that with a 10 foot pole! Plus it's silly how many people yell "I'll sue!" without even realize that there's a few $100 you have to pay out of pocket just to file the paperwork.
Please, someone who is suing MtGox, show us that you're actually doing it.....
...
anyone?....

PGPpfKkx

hero member

Activity: 586

Merit: 501

Quote from: GeniuSxBoY on June 20, 2011, 05:38:28 PM

Robber steals from a bank.

Robber loses his loot on a chase.

You pick up loot.

You're tracked down.

Loot is not yours to keep.

Simple fucking logic.

+2

JonasKohlheim

newbie

Activity: 19

Merit: 0

Quote from: d.james on June 21, 2011, 08:34:03 AM

Quote from: JonasKohlheim on June 21, 2011, 08:27:26 AM

A total of 51 million bitcoins got sold by 1 sell order this Sunday.

source?

http://pastebin.com/J0HXBjWu

That's from sunday, the price reached 0.01
In order to reach the price of 0.01, all these orders had to be cleared.
If you paste it in excel and do a count of the amount of bitcoins that people wanted to buy @ 0.01 or higher, then you can see that there needed to be sold a total of 51 million bitcoins in order to clear the whole bid-side of 0.01 or greater, which happened, but was impossible...

Obvious forge is obvious.

Torminalis

newbie

Activity: 39

Merit: 0

Quote

6,6 million coins in existment

WTF does 'existment' mean?!?

This sounds like the first real news all day!!!

Topic: I'm Kevin, here's my side. - page 7. (Read 258509 times)