Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27605. (Read 26712869 times)

Explanation

There couldn't have been anyone else you could have quoted that would have made what you just said more hilarious.

Oh, now is evil government useful. How about you pay for a flight ticket and go do your justice yourself, Mr. Freedom NoGovernment. Oh wait.

Which will be needed for probably any exchange operator out there. Wonder where the money on Chinese exchanges comes from right now? I don't.

Well, some 650'000 bitcoins that were supposed to be there just weren't there at the end.  A crime surely happened, the only questions are which kind, how, when, by who, etc..

Mark claimed it was a theft, but AFAIK he has not provided any details (the thesis of the "malleability bug" has been disproved), failed to tell the police as soon as he noticed it, and did not tell the clients until after closing the site.   I hope the law will find the right label for his actions.

If they were selling BTC trade fee profits, it would put small downward pressure on the price not send it 10x upwards.

First they laugh at you then they send in the FEDs.

Thank you Mark karpales, for bootstrapping Bitcoin price to the middle 3-digit level it is today! 

Never go full bulltard.

Er, after months and months and countless posts I finally get it. Why don't you take a lovely holiday and see what a beautiful world it is out there?

Explanation

Not my words just a copy paste but...

"Just a quick note... I've built quite a few systems, and at times I build the administrating function into the customer function.
It's hard to explain and hard to give an example... but imagine I build an exchange and incur fees in bitcoin, say 1%. The way I'd run my company finances is to build an admin account and with every bitcoin transaction, 1% goes to that account. This account is then set up on the exchange to sell at batch periods a certain amount of the bitcoin that I want to have in dollars to pay for company expenses.
Instead of taking my bitcoin to bitstamp and selling it there, or putting my bitcoin in a 'IkmoIkmo' account and selling it through there (of which 1% would recurringly go back to the account), I'd build it into the system using a customer account with some high ID and privileges like having 0 fees.
Now I'm not saying there's no inside job or that it isn't fishy. What I am saying is that I've been programming for a decade and I can easily see how a solo-engineer iterating on a flawed trading engine would use crappy and fishy accounts like these to do things that are otherwise completely normal and legal like having a company account sell bitcoin fees, or batching transactions of actual user-activity under one account-ID, or working with other exchanges to share liquidity and e.g. letting BTC-E sell coin to the Mt.Gox orderbook under a certain id for 0 fees, in exchange for the same service at BTC-E, thereby sharing the load and creating a redundant system (which is nice), etc etc.
In other words, it's weird, it's fishy, it's Mt. Gox, but it's not proof of some kind of fraudulent trading in and of itself. It can mean a whole lot of things and I'm happy to see more information come out."

precisely,

the cult of curiosity about what could be possible if we were to allow the public to have a say in how their money is governed. It's palpable.

even if only a "significant minority" (say one in ten, or one in five) were to even question the issue of traditional money creation, then I would consider that we are at least trending towards truth discovery.

Oh shit! BTC has no value! Manipulation in MtGox! Total surprise! 

yes but this is Bitcoin, so it might be that the lie bootstrapped us to a higher price. I'm not sure though. I'm also not sure whether the report is factual (I just read it completely and it seemed coherent).

Nothing will change. The bitcoin community is a cult that has repeatedly proven capable of shrugging off the lack of any reasonable foundation to their beliefs.

I am guessing it's this Fonzie butthurted crying I missed the choo choo fellow again, whom is posting shit again.

Ah man, hows your mothers basement doing? You allowed to get out yet?

Oh wait, cant see no messages. Cause Ignored and stuff.  

It's not too late, in June the days of purchasing sub 600 will be all but a pipe dream.

http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25

This also. But i assume that they have used Yuan made out of thin air to do this.
One could wonder where all that fresh money all of a sudden comes into these chinese exchanges, when almost all of the deposits have been blocked.