Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25952. (Read 26608330 times)

But the verdict obviously did not say that stolen cash ceases to be the property of the victim just because "cash is fungible".  Police routinely seize money from cash thieves and return it to the victims.  If the thief exchanged the cash for other valuables, without the merchant's knowledge, the cash then is "clean", but the valuables are still seized, as being conceptually the victim's property.

However, catching a bitcoin thief will be quite hard in general.  The transaction that stole your bitcoins may have been issued from your own computer, automatically, by some self-erasing malware, while the hacker was not even online.  You can point to the stolen coins in the blockchain, but the thief may leave the coins there for years, and no one can take them from him. Or he can hack into an old PC in Mongolia, and from there tumble the coins so thoroughly that it will be practically impossible to trace them to his person when he finally spends them.

AFAIK no theft of bitcoins by outside hackers has been solved, by the police or anyone else.  In several cases of insider theft, the culprit was identified with high probability, but I don't know of any case where the evidence was sufficient to get a conviction.

Everyone in BitcoinTalk know Bitcoin's price will only rise in long term for obvious (world adoption, limited supply, new tech, S-curve) reasons.

PS. When will @theymos fix the image truncation bug? 

Personally i hope BTC stays where it is for another 2 months, then goes bananas

Same principle applies to a bitcoin theft. A bitcoin thief, if caught, will have his property gets seized and returned to the victim.

There is just no guarantee that the police would catch a banknote thief or a bitcoin thief. However, this is a matter of the police's competency, not whether bitcoin is better or worse than banknote.

I know what "fungibility" means, But note the boldfaces in my post.  That is exactly what I wrote.  The court ruled that that physical  banknote was not the victim's property any more.  But of course the 20£ (as abstract amount) that the thief stole remained the victim's property, and the government would take 20£ from the thief and return then to the victim, if they were to identify him and found that he had that much money in his possession or in his bank account.

EDIT: quote markup

Are you so confident though that bitcoin will continue to increase in value/price? The price over the past few months makes me have doubts (especially with the downtrend), but I'd love to hear your thoughts on why the btc price will increase.

I wish the similar pattern. I don't feel I have enough BTC for next bubble.

Personally i hope BTC stays where it is for another 2 months, then goes bananas

Ok, here's a prediction.
BTC will steadily start to rise on the next week. Volume will rise steeply and the price will slowly follow. It will rise till the start of January 2015 and will top around 3000-4000$ per coin.

Ok, here's a prediction.
BTC will steadily start to rise on the next week. Volume will rise steeply and the price will slowly follow. It will rise till the start of January 2015 and will top around 3000-4000$ per coin.

PPC will rapidly start to rise during the start of next month. NuBits, coming of v0.5 and the overheating of SHA256 mining, will cause a quick bull-run similar to the one that was experienced with LTC. PPC will probably top at around 25$-30$ this year.

The rest of the cryptos is harder to predict, but here are some thoughts. LTC lost it's position with the popularity of scrypt mining and will probably be quite slow. DOGE will also probably rise, because of the active community and aggressive marketing strategies, but it's hard to tell how much will they actually invest for future marketing. Ripple will be the most unstable coin that will experience the highest and the deepest waves. Only recommended to play Ripple if you have professional experience with speculative trading.

In this new seasonal bubble, there will be more of corporate mentality, and technical innovations will be valued over the habits of early adopters.
Cryptos will get organized marketing of better quality. Cryptos won't be the oddballs of the financial world, where respected financial advisers consider them as taboo. The subject of cryptos will be publicly discussed with serious analysis. Till then, there were mostly only articles that were radically pro or against cryptos, now we will see more neutrality in public discussions. This in turn will start to raise the subjects of the future perspective of PoW mining, and the practical usability of fixed coin creation.

This post was created on intent to be quoted in the future.

Here is some inspirational music if needed: http://www.youtube.com/watch?v=PVP6uaiJvSQ

Have fun and good luck!

It could drop back if the price and activity don't follow soon.

But the activity is nearing the  previous high, and once it surpasses previous highs we should also start to see new highs in value.

That will also increase the amount of google searches on bitcoin.

in august we had in btc a google trend of 22, now in september its 25. could this be a signal for the next bubble?