Topic: Mtgox linked to early founders of bitcoin (particularly Satoshi) (Read 4292 times)
Okay folks, just ignore this thread. Keep thinking that people will continue to hand us money like before. The MTGOX induced bubbles are a thing of the past, as proven by OP and the abolishment of the exchange.
October 01, 2014, 01:41:57 AM
The question is, who was mining back in april 2009?
Brother Jed.
October 01, 2014, 01:28:30 AM
Hey guys, i've always been worried about this. There are theories out there that the exchanges, particularly MTGOX and some china exchanges bulked up the price since the start of bitcoin, and in doing so created this journey to the moon.
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
Ask yourselves these questions, and then revisit your worries about Bitcoin.
1) How is currency valued?
a) How does the US Dollar (or the currency of your homeland) gain and retain value?
b) How does Bitcoin gain and retain value?
In a free market, the users ultimately determine the value of both FIAT and Bitcoin - it is simply the choice to trade. With FIAT, a few people can seriously manipulate the SUPPLY: http://en.wikipedia.org/wiki/Money_supply. With Bitcoin, supply is determined by a program which is managed by the a distributed network of servers.
The Bitcoin risk: Should one person or group gain more than 50% of the server power, they have the power to change the program, and thus, the supply. You still have the choice to participate in the "new program" or continue participating in the "old program."
This, of course, would be the ultimate "fork" in the road. :-)
market manipulation happens every day. both up and down. willie bot could have existed and the other exchanges had to follow via user arbitrage
October 01, 2014, 12:00:27 AM
Hey guys, i've always been worried about this. There are theories out there that the exchanges, particularly MTGOX and some china exchanges bulked up the price since the start of bitcoin, and in doing so created this journey to the moon.
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
Ask yourselves these questions, and then revisit your worries about Bitcoin.
1) How is currency valued?
a) How does the US Dollar (or the currency of your homeland) gain and retain value?
b) How does Bitcoin gain and retain value?
In a free market, the users ultimately determine the value of both FIAT and Bitcoin - it is simply the choice to trade. With FIAT, a few people can seriously manipulate the SUPPLY: http://en.wikipedia.org/wiki/Money_supply. With Bitcoin, supply is determined by a program which is managed by the a distributed network of servers.
The Bitcoin risk: Should one person or group gain more than 50% of the server power, they have the power to change the program, and thus, the supply. You still have the choice to participate in the "new program" or continue participating in the "old program."
This, of course, would be the ultimate "fork" in the road. :-)
September 30, 2014, 08:28:46 PM
Hey guys, i've always been worried about this. There are theories out there that the exchanges, particularly MTGOX and some china exchanges bulked up the price since the start of bitcoin, and in doing so created this journey to the moon.
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
https://bitcointalksearch.org/topic/do-you-think-willy-and-markus-mtgox-bots-were-behind-the-last-two-btc-bubbles-804113
https://bitcointalksearch.org/topic/theory-exchanges-are-destroying-the-price-of-bitcoin-for-personal-profit-804117
It is obvious that Mark from mtgox is satoshi. Running the biggest exchange allows him to sell all his old bitcoins unnoticed in the black pool and he makes a killing from all the other transactions as well. Thats why satoshi is unknown and disappeared. If it was to come out that satoshi, the founder of bitcoin, made millions from it it would really hurt the integrity of the concept.
Seems plausible. But no one really knows. Satoshi was pretty damn secretive and good at staying anonymous. From the looks of it, he disappeared when wikileaks was a major controversy (December 2010). He didn't want to be the next Julian Assange. Since if bitcoin ever gets serious legal challenges then they are going to want to prosecute the, "leader."
How does this make any sense? Please explain, because I don't see what satoshi did being anything similar to Wikileaks from a legal standpoint.
Bitcoin and wikileaks are similar in the sense that they both challenge the status quo. Obviously wikileaks is more controversial but bitcoin is going to have its wikileaks moment too especially if bitcoin keeps growing at the rate it currently is. The government and private banks have a government sanctioned monopoly on money and if bitcoin is a threat to that then you bet there will be legal challenges.
It's really irritating that whoever is doing all of this 'research' is calling everything a wallet.
It's more irritating that we are putting this on ignore.
It's really irritating that whoever is doing all of this 'research' is calling everything a wallet.
How does this make any sense? Please explain, because I don't see what satoshi did being anything similar to Wikileaks from a legal standpoint.
we can only speculate about the motive, but if MtGox had access to the private keys of an address that contained never-used coins that were mined in april 2009 AND noone knew or used bitcoin in april 2009 except satoshi it would be evidence that MtGox is satoshi or knew satoshi.
thus my questions about the timeline.
It is obvious that Mark from mtgox is satoshi. Running the biggest exchange allows him to sell all his old bitcoins unnoticed in the black pool and he makes a killing from all the other transactions as well. Thats why satoshi is unknown and disappeared. If it was to come out that satoshi, the founder of bitcoin, made millions from it it would really hurt the integrity of the concept.
Seems plausible. But no one really knows. Satoshi was pretty damn secretive and good at staying anonymous. From the looks of it, he disappeared when wikileaks was a major controversy (December 2010). He didn't want to be the next Julian Assange. Since if bitcoin ever gets serious legal challenges then they are going to want to prosecute the, "leader."
How does this make any sense? Please explain, because I don't see what satoshi did being anything similar to Wikileaks from a legal standpoint.
what's the exact timeline of bitcoin?
who knew about in april 2009, was there a website, was there a mining software publicly available?
is it known when the MtGox guy started with bitcoin?
who knew about in april 2009, was there a website, was there a mining software publicly available?
is it known when the MtGox guy started with bitcoin?
It is obvious that Mark from mtgox is satoshi. Running the biggest exchange allows him to sell all his old bitcoins unnoticed in the black pool and he makes a killing from all the other transactions as well. Thats why satoshi is unknown and disappeared. If it was to come out that satoshi, the founder of bitcoin, made millions from it it would really hurt the integrity of the concept.
Seems plausible. But no one really knows. Satoshi was pretty damn secretive and good at staying anonymous. From the looks of it, he disappeared when wikileaks was a major controversy (December 2010). He didn't want to be the next Julian Assange. Since if bitcoin ever gets serious legal challenges then they are going to want to prosecute the, "leader."
It is obvious that Mark from mtgox is satoshi. Running the biggest exchange allows him to sell all his old bitcoins unnoticed in the black pool and he makes a killing from all the other transactions as well. Thats why satoshi is unknown and disappeared. If it was to come out that satoshi, the founder of bitcoin, made millions from it it would really hurt the integrity of the concept.
MagicalTux didn't even start mtgox. Satoshi disappeared long ago, and may not even be one person. I don't think any of what you said is obvious.
It is obvious that Mark from mtgox is satoshi. Running the biggest exchange allows him to sell all his old bitcoins unnoticed in the black pool and he makes a killing from all the other transactions as well. Thats why satoshi is unknown and disappeared. If it was to come out that satoshi, the founder of bitcoin, made millions from it it would really hurt the integrity of the concept.
So what does that link have to do with my post? That link proves mtgox has user's funds in liquid. That's not what i'm arguing here.
The question is, who was mining back in april 2009?
maybe the Easter bunny, or Santa Claus.
The only one can answer this is the miner himself. Bitcoin is a pseudonym system. So ther's no reliable answer of this question.
maybe gavin or an other programmer, testing at the beginning. i dont care.
The question is, who was mining back in april 2009?
http://www.reddit.com/r/Bitcoin/comments/i4xgc/follow_the_money_trail_part_2_1500btc_generated/
Quote
So the timeline is this:
April 2009: 30 separate 50 BTC chunks are mined. They are not touched for over 2 years.
June 19, 2011, 0300 GMT: The 1500 BTC mined from that April are merged into a single wallet.
June 19, 2011, 1800 GMT: MtGox is hacked. Its reserve wallet of 432k BTC is transferred to another wallet, and broken up into several other accounts, including a wallet with 32k BTC.
June 19, 2011, 2200 GMT: The wallet with 32k BTC has its funds transferred to another wallet in a transaction that includes the 30 Bitcoins mined from April.
April 2009: 30 separate 50 BTC chunks are mined. They are not touched for over 2 years.
June 19, 2011, 0300 GMT: The 1500 BTC mined from that April are merged into a single wallet.
June 19, 2011, 1800 GMT: MtGox is hacked. Its reserve wallet of 432k BTC is transferred to another wallet, and broken up into several other accounts, including a wallet with 32k BTC.
June 19, 2011, 2200 GMT: The wallet with 32k BTC has its funds transferred to another wallet in a transaction that includes the 30 Bitcoins mined from April.
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