Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23774. (Read 26714193 times)

Thanks for that well reasoned rebuttal. Expect nothing less from bitcoin bulltards.

Explanation

Its cool how you can leverage a negotiation to return dirty coins, by tagging/marking an address!

http://oi59.tinypic.com/2lmmc6v.jpg

Ok.   

Goodbye and have a nice life!!!!!   



Oh???  We are NOT going to be so lucky as to experience your actual absence.   

IF the 18K in BTC has been lost, I wonder what Stamp will do. 18K=$5M dollars or so.

They can either cover the loss with the $10M in VC money they raised in Dec of 2013, or they could force their users to eat the loss (though that would effectively destroy their reputation, killing the VCs investment).

My guess is that they are on the phone with their VCs trying to decide what to do (their $10M round was funded by Pantera Capital). I bet that heads will roll (New CTO or CEO), the company will likely eat the loss, and the funds will be replaced with their VC money. Perhaps they will drop the price some more so that they can buy up cheap coins to replace the 18K they just lost.

 
OMG the hacker stole 19K BTC (maybe) :
https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Take this crap to other threads or talk book less.

Still waiting for some panic, or at least desperation.. it's boring here when the natural phase cycle is held back by the denial phase.

Thanks for the info.

The 18k number seems to be floating around.

From Reddit - https://www.reddit.com/r/BitcoinMarkets/comments/2repff/bitstamp_exchange_issues_megathread/cnf6gdp

user baron1703 wrote:

Observations:

Known Bitstamp cold storage: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa

Suspicious address: https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

Transactions started to appear in the suspicious address after 1am european time on 04.01.15. The first transactions had fees of 0.55 and 1 btc, respectively. These continue thought the day with fees of around 0.1btc. First complaints of deposit issues started during the day. Stamp sent out an email the NEXT day, shortly thereafter suspending its site.

As can be seen here (http://www.walletexplorer.com/wallet/6e20c5b8ebb819c7?from_address=1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf), the transactions coming into the 1L2JsX address are from bitstamp addresses (note that this page is not real time, so not all new transactions are displayed).

The cold storage address mentioned above was not touched since mid december. The first new transactions in this address appear at around 10pm european time on 04.01.15. This appears to be a sweep of hot wallet addresses and brings in about 10k btc. Notice the specific structure this sweep transaction has (example: https://blockchain.info/tx/c84a1b8e7aaeae81cf3a1db7e37fdd6befbedafb4213338f412c6981b9469553) - a round amount is swept to the cold storage, an arbitrary amount is put in another address where it is combined with other inputs and swept again. This pattern is not observed in the 1L2JsX address. Furthermore, fees in the cold storage address vary from 0.0001 to 0.001, depending on size - again, unlike the 1L2JsX address.

IF the 1L2JsX address indeed belongs to a hacker, bitstamp COULD be missing 18,865btc, with the remaining 134,872btc in its cold storage wallet. It appears that only these two addresses have been used for sweeping. This would imply a loss of 12% of all held bitcoins.

One of the bitstamp founders (https://twitter.com/nejc_kodric) tweeted: "To restate: the bulk of our bitcoin are in cold storage, and remain completely safe." Interpret that as you will.

Mt Gox, the biggest exchange in the history of bitcoin, closed and stole acount holder funds, and now it appears that Stamp -- less than one year later -- is experiencing some significant problems of its own.

Merchant adoption means very little any more. Companies adopt bitcoin and the price barely moves.

It would take nothing short of a sovereign country adopting bitcoin as its national currency to cause a spike in price again. Face it, the 2010-2013 bull market is over and the bubble is now deflating. There's very little to get excited about anymore in the world of bitcoin. Expect the price to continue falling.

FTFY

Funny how hope is always the last thing to die, ain't it?

But we very probably won't.

 

Yes and if we were to experience a 2013 rate of growth again, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it?

Few months back $275 seemed dirt cheap and a gift from satoshi and now we touched it as resistance after a low volume bounce.