Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26975.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: JayJuanGee on June 28, 2014, 01:55:52 PM

I am NOT poo-pooing the idea of taking preventative measures. In fact, I applaud the taking of various preventative measures, yet when push comes to shove, we may be in a situation in which you gotta produce something b/c your hostage taker knows too much.. and it may even be related to someone who knows you well leaking information about you (which is a likely scenario.. an ex-wife.. or a nephew or some other ptiot confident)

The best way to resist extortion is to be incapable of complying.

There are some very useful things that could be done with multisig toward that end.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

We are ready to go up now? The FBI bids has ended so the manipulation of the market has ended.

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: JorgeStolfi on June 28, 2014, 02:35:22 PM

Quote from: gentlemand on June 28, 2014, 01:52:15 PM

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

Er, sorry to have to ask, but how can they bid for 48,013 BTC if there are only 29,656.51306529 BTC for sale?

As I understood from the USMS specs, if someone places mutiple bids that add up to more than the 10 lots, some of the bids will lose for sure -- those with lowest price, or those submitted later if they have the same price. What am I missing?

Also, the auction is for 9 lots of 3000 BTC and one of 2,656.51306529 BTC. So they bid for 16 lots of 3000; what are those 13 extra bitcoins? The SM fee?

EDIT - presumably they discarded the lowest bids and submitted to the USMS only bids for 10 blocks with the highest sydicate bids, is that it?

Exactly. They got several bids, but the only submitted the higher ones. No need to send the ones they are already outbidding.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: aminorex on June 28, 2014, 12:33:14 PM

Quote from: JayJuanGee on June 28, 2014, 10:12:18 AM

if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?

My solution is XMR. If my balance can not be known, I can give up a throw-away wallet. If the fact that I have a balance can not be known, I will never be targeted for extortion.

That leaves a rational option to the extortionist: to torture his victim the longest possible time disregarding the number and contains of any wallet that he could be handed -unless he's happy with it-. So in a Mad Max scenario only the suspect by someone that you may have crypto could lead to great misfortunes. Better learn to stay mum a.s.a.p.

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Everytime I hear Wagner I feel like invading Poloniex

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: gentlemand on June 28, 2014, 01:52:15 PM

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

Er, sorry to have to ask, but how can they bid for 48,013 BTC if there are only 29,656.51306529 BTC for sale?

As I understood from the USMS specs, if someone places mutiple bids that add up to more than the 10 lots, some of the bids will lose for sure -- those with lowest price, or those submitted later if they have the same price. What am I missing?

Also, the auction is for 9 lots of 3000 BTC and one of 2,656.51306529 BTC. So they bid for 16 lots of 3000; what are those 13 extra bitcoins? The SM fee?

EDIT - presumably they discarded the lowest bids and submitted to the USMS only bids for 10 blocks with the highest sydicate bids, is that it?

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: YogoH on June 28, 2014, 02:10:44 PM

Quote from: gentlemand on June 28, 2014, 01:52:15 PM

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

Wow thats actually really good for just Second Market

Just from this data, we can extrapolate that the average bid through the Second Market syndicate was for about 258 BTC, and that on average each bidder made 4.5 bids. Those results may NOT be too far removed from the behavior of larger fish who were bidding on the whole lots.

Also since the minimum bid was for 2,656 BTC, at most (through the syndicate), Second Market put in 18 bids to the US Marshalls.

YogoH

sr. member

Activity: 280

Merit: 250

Quote from: gentlemand on June 28, 2014, 01:52:15 PM

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

Wow thats actually really good for just Second Market

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: JayJuanGee on June 28, 2014, 02:04:09 PM

Quote from: JorgeStolfi on June 28, 2014, 01:52:31 PM

Quote from: JayJuanGee on June 28, 2014, 01:47:49 PM

"imagine a bitcoin" then "imagine..." then "imagine...."
Lot's of imagining going on.

Bitcoin is considered to be a great innovation because it is virtual cash. I am just a step ahead of everybody here: I virtually trade it. Grin

From what I have seen of your various writings over the last several months, I will grant that you seem to have a fairly well developed imagination, relatively speaking. Tongue

I imagine you imaging his imagination of virtually trading digital currency on an imaginary exchange.

Sound a bit like the story around mt. Gox

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: JorgeStolfi on June 28, 2014, 01:52:31 PM

Quote from: JayJuanGee on June 28, 2014, 01:47:49 PM

"imagine a bitcoin" then "imagine..." then "imagine...."
Lot's of imagining going on.

Bitcoin is considered to be a great innovation because it is virtual cash. I am just a step ahead of everybody here: I virtually trade it. Grin

From what I have seen of your various writings over the last several months, I will grant that you seem to have a fairly well developed imagination, relatively speaking. Tongue

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: aminorex on June 28, 2014, 01:44:43 PM

Quote from: JorgeStolfi on June 28, 2014, 01:42:30 PM

Quote from: JayJuanGee on June 28, 2014, 01:38:46 PM

Quote from: wiak2 on June 28, 2014, 12:00:13 PM

Quote from: JorgeStolfi on June 28, 2014, 11:57:07 AM

The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again.

How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes? Wink

World Cup, Brazil-Chile first half?

Church
working in the military
college class

Starting soon after midnight, China time? (But 1 pm here in Brazil Wink

)

Typical human copulation? (Probably in both China and Brazil.)

Aminorex: That's pretty good stamina.. must include the wine and the cigarette in your calculation.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Patel on June 28, 2014, 12:45:37 PM

Quote from: aminorex on June 28, 2014, 12:33:14 PM

Quote from: JayJuanGee on June 28, 2014, 10:12:18 AM

if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?

My solution is XMR. If my balance can not be known, I can give up a throw-away wallet. If the fact that I have a balance can not be known, I will never be targeted for extortion.

+1

Noone being able to know your balance is one of the best features of XMR. The large liquidity available is the second.

People write things down and engage in a variety of practices... Maybe you can hide your total wealth, and maybe NOT?

I am NOT poo-pooing the idea of taking preventative measures. In fact, I applaud the taking of various preventative measures, yet when push comes to shove, we may be in a situation in which you gotta produce something b/c your hostage taker knows too much.. and it may even be related to someone who knows you well leaking information about you (which is a likely scenario.. an ex-wife.. or a nephew or some other ptiot confident)

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: JayJuanGee on June 28, 2014, 01:47:49 PM

"imagine a bitcoin" then "imagine..." then "imagine...."
Lot's of imagining going on.

Bitcoin is considered to be a great innovation because it is virtual cash. I am just a step ahead of everybody here: I virtually trade it. Grin

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

https://twitter.com/barrysilbert/status/482951689381904384

Results of our US Marshals bitcoin syndicate:

Bidders - 42
Bids received - 186
BTC quantity bid - 48,013

Winners notifed by USMS on Mon

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Kramerc on June 28, 2014, 12:31:45 PM

Quote from: JorgeStolfi on June 28, 2014, 12:12:45 PM

Quote from: Kramerc on June 28, 2014, 12:00:48 PM

Work extra to buy a bitcoin. Time better spent than monitoring the chinese exchanges. And who knows, one day you might actually be grateful for it.

If you trade with bitcoin, you should watch the Chinese exchanges most of all.

But you don't trade bitcoin, do you?

I would think that it is very difficult to trade with bitcoin if you do NOT have any.

What Jorge does is:

"imagine a bitcoin" then "imagine..." then "imagine...."

Lot's of imagining going on.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: JorgeStolfi on June 28, 2014, 01:42:30 PM

Quote from: JayJuanGee on June 28, 2014, 01:38:46 PM

Quote from: wiak2 on June 28, 2014, 12:00:13 PM

Quote from: JorgeStolfi on June 28, 2014, 11:57:07 AM

The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again.

How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes? Wink

World Cup, Brazil-Chile first half?

Church
working in the military
college class

Starting soon after midnight, China time? (But 1 pm here in Brazil Wink

)

Typical human copulation? (Probably in both China and Brazil.)

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: JayJuanGee on June 28, 2014, 10:12:18 AM

Really though, if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?

Solutions:

reversibility?

multisig?

tracking? (that's not gonna happen is it?)

I keep both.. All I do is turn to them and say,

"if you kill me, nobody will have access to my bitcoins. I am worth so much more alive since only I know the password. If you let me go immediately I will consider (a) giving you a few satoshis, (b) not going to the police, pressing charges and having you sent to prison. The longer you delay, the less likely a and b will happen.."

But in reality I will have my bitcoins go to family or friends if I die, and I would never give them any satoshis no matter how quickly they release me, and will do my best to land them in prison no matter what..

Wink

yeah.. it's all good in theory, and if you are getting your ideas from TV.. or Fox news...

Likely if your fingers are being chopped off (or some other means of coercion), the theoretical becomes more real....

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: JayJuanGee on June 28, 2014, 01:38:46 PM

Quote from: wiak2 on June 28, 2014, 12:00:13 PM

Quote from: JorgeStolfi on June 28, 2014, 11:57:07 AM

The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again.

How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes? Wink

World Cup, Brazil-Chile first half?

Church
working in the military
college class

Starting soon after midnight, China time? (But 1 pm here in Brazil Wink

)

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: wiak2 on June 28, 2014, 12:00:13 PM

Quote from: JorgeStolfi on June 28, 2014, 11:57:07 AM

The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again.

How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes? Wink

World Cup, Brazil-Chile first half?

Church

working in the military

college class

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26975. (Read 26656710 times)