so how well was the blockchain analysis on the 800k Mt. Gox coins?
Yep. Don't expect anything else in this case. The money is gone most likely.
People expect way too much from the law/police side...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18351. (Read 26709924 times)
August 04, 2016, 05:08:05 AM
August 04, 2016, 04:45:55 AM
So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??
someone will try, and it will be an interesting test on the effectiveness of mixers vs. blockchain analysis.
Governments will actually try... because if you can have unlimited transaction codes.... the transaction codes are used by people. And the problem is you don't have infinite people. And if they attach a name to each transaction in some weird secret data base... they will know who gave who what.. So basically we can just say we are in some information war that hasn't started on full scale in bitcoin land just yet.
*Edit: A solution would be to create for now like 100 wallets for each BTCitcoin available. In this way they will not have any idea who owns what when they start the information war.
*Edit2: Example... A merchant has a security camera and the government knows of the bitcoin accepting store because they have a big sing outside "We accept bitcoin!" ... And they will say... we want you to show us your transaction number... and then they can track and have surveillance on that merchant of all the transactions that he accepts.. then the government authorities will come and take footage from the surveillance cctv ... And they will start identifying users that used those transactions on the respective time stamp. And that's how they start creating them databases.
*Edit3: And then the next step will be imposing taxes on those people.
August 04, 2016, 04:07:10 AM
itBit is clearly leading both in volume and price ( according to http://bitcoincharts.com/markets/ )
now i'm wondering, what is itBit? and where did it come from?
now i'm wondering, what is itBit? and where did it come from?
I've been using itBit. I was going to buy via Coinbase but their restrictions and all of that are too difficult to make it useful.
With itBit I have to wire my money to the exchange which costs me $30 on my bank's end and $10 on itBit's side and it costs .2% for a trade. Compare that to Coinbase's 1%.
So if you look at a $10,000 deposit for both:
itBit: $30 + $10 + $20 = $60
CoinBase: $100
Anything over $5,000 is cheaper with itBit.
But itBit is just a whole lot less restrictive than Coinbase is.
Wow, is that really what it costs??? Incredible! Wiring to Kraken (from within Europe) is free, and my money's there in around 12 hours. Trades cost at most 0.14/0.24%. Wiring dirty fiat back to my bank account costs 9 ct.
August 04, 2016, 03:43:59 AM
itBit is clearly leading both in volume and price ( according to http://bitcoincharts.com/markets/ )
now i'm wondering, what is itBit? and where did it come from?
now i'm wondering, what is itBit? and where did it come from?
I've been using itBit. I was going to buy via Coinbase but their restrictions and all of that are too difficult to make it useful.
With itBit I have to wire my money to the exchange which costs me $30 on my bank's end and $10 on itBit's side and it costs .2% for a trade. Compare that to Coinbase's 1%.
So if you look at a $10,000 deposit for both:
itBit: $30 + $10 + $20 = $60
CoinBase: $100
Anything over $5,000 is cheaper with itBit.
But itBit is just a whole lot less restrictive than Coinbase is.
August 04, 2016, 03:42:11 AM
https://www.tradingview.com/chart/BTCUSD/sjFMKBvv-BITCOIN-FALL-IN-THIRD-WAVE/
looks like a good game plan.
looks like a good game plan.
August 04, 2016, 03:35:09 AM
So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??
someone will try, and it will be an interesting test on the effectiveness of mixers vs. blockchain analysis.
August 04, 2016, 02:44:44 AM
...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!
LMAO!!!!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=xwdba9C2G14
Them wookies... keep interfering with politics in bitcoin.
https://www.youtube.com/watch?v=JkN55Y_xNTQ
August 04, 2016, 02:26:21 AM
...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!
LMAO!!!!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=xwdba9C2G14
August 04, 2016, 02:16:51 AM
Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.
Welcome to the universe. Enjoy your stay.
Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?
No, I save all mine for here. It's like my own personal yoga.
August 04, 2016, 02:14:15 AM
...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!
August 04, 2016, 01:59:49 AM
Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.
Welcome to the universe. Enjoy your stay.
Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?
August 04, 2016, 01:55:27 AM
Interesting how Coinbase trading at a premium, almost touched $600. Wall st types are more bullish then the rest??
August 04, 2016, 01:49:47 AM
Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.
Welcome to the universe. Enjoy your stay.
August 04, 2016, 01:46:42 AM
Like the customers themselves were responsible.
Like, the customers themselves were responsible. Totally.
Sure, the customers are responsible as a whole and have become creditors to a bankrupt organization. Altho, there shouldn't be arbitrary gradations of fucked, based on random chance. Which was my point... you might have missed it.
August 04, 2016, 01:41:30 AM
Like the customers themselves were responsible.
Like, the customers themselves were responsible. Totally.
August 04, 2016, 01:27:00 AM
Welcome to the next bear Market, brought to you by Mt. FinexShit. 
To the people who lost money on Bitfinex: You have been warned several times before the final hack that Bitfinex is a shithole. I can't even count the times people got rekt and lost a lot of money because their Ruby written system is a mess.
To the people who lost money on Bitfinex: You have been warned several times before the final hack that Bitfinex is a shithole. I can't even count the times people got rekt and lost a lot of money because their Ruby written system is a mess.
A flash crash to $465 and then a less than 36 hours later recovery to $600 hardly makes for an actual transition into a bear market.... We need a bit more than that, so accordingly, we still do not have anywhere enough information to conclude that we have moved into a BTC bear market. Sorry to break the news, lillie bear wanna be.
August 04, 2016, 01:26:59 AM
Pretty sweet crash, but needs more cowbell.
Polo hack/cut-and-run would help,
Still waiting...
"As low as possible for as long as possible."
Polo hack/cut-and-run would help,
Still waiting...
"As low as possible for as long as possible."
August 04, 2016, 01:02:29 AM
https://www.reddit.com/r/Bitcoin/comments/4w0vwi/genuinely_one_of_the_most_bizarre_interviews_ive/
Here's some comedy Gold ... Satoshi is a foul-mouthed, bad-tempered Aussie ... bit like Kath and Kim show.
Here's some comedy Gold ... Satoshi is a foul-mouthed, bad-tempered Aussie ... bit like Kath and Kim show.
Oh boy... I had such a laugh...
.... He seems like one of the people from here, from this thread/topic... *Edit: People are so envious of other people and always trying to be scared of other people... a world where panic & fear are kings and queens!
August 04, 2016, 12:53:29 AM
nah, the day trading degenerates all lost their coins
but the real market movers don't give a shit
we'll bounce around 600 and enter another period of eerie calm now that all the speculators are gone
but the real market movers don't give a shit
we'll bounce around 600 and enter another period of eerie calm now that all the speculators are gone
August 04, 2016, 12:34:28 AM
That's why I wish I could buy right now. 195k bitcoins are now gone from the exchange. They will likely not be spent or cashed out for years due to so many eyes on those coins. I can see the address where my bitcoins are sitting.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
As far as BitGo...from what I could tell on reddit, there were two setups. People who verified their identities and had a BitGo setup. And the rest who did not go through verification and had some other setup. I did not do any of that verification.
So...all of those bitcoin traders from BitFinex will need to get more bitcoins with smaller supply.
As far as BitGo...from what I could tell on reddit, there were two setups. People who verified their identities and had a BitGo setup. And the rest who did not go through verification and had some other setup. I did not do any of that verification.
I thought that the number missing was 120k btc?
Ahh yes. No idea where I got 195k.
So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??
I mean... there could be created a fast black list by the international community and the coins that where stolen to be flagged and the person that would have accepted them for a transaction, they would decline payment from that compromised wallet... hmmm???
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