Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27631.

dreamspark

hero member

Activity: 798

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Quote from: ?? on ??

Ehm.. Sorry. Find it very hard to believe. Especially the sum of $200 which doesn't make sense at all. I've been trading with around $100k the last year and passed the questionaire with very short answers. If they would ask for real proofs (screenshots, contracts, bitcoin addresses etc), it would be all over Bitcointalk, reddit.

Also, all "Bitstamp questionaire threads" I've seen have never included the word PROOF. Only Bitfinex. I am pretty sure the guy who posted that misread the whole questionaire..

Lol, why would they even bother to ask about proof for $200? Roll Eyes

Maybe its just starting to be on Bitcointalk and reddit because they've only just started doing it.

If it wasn't true don't you think Hazek would have rubbished it being as it was in his Bitstamp thread and he replied to someone else after the guy was saying they were asking for proof.

Well I know the guy so next time he's online perhaps he will agree to send me a screen shot to prove it and we can continue the discussion there.

The $200 is an arbitrary figure and it seems it's not the amount but a certain threshold.

rpietila

donator

Activity: 1722

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Quote from: ihaveaquestion on May 23, 2014, 04:20:06 PM

even if you are a large, old and successful business, you don't mess with the US government. Pokerstars is a billion dollar business but still not legit in USA, and Bitstamp could totally have its Black Friday considering that legit US exchanges are about to open and they are an "unfair" competitor.

Yes, why would anybody mess up with the entity that has more firepower than the rest of the world combined.. Huh

But wait a minute, they must be ~~very~~ unbelievably scared of us. How else would they need so many weapons. I don't have any, because I am right.

JorgeStolfi

hero member

Activity: 910

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Quote from: ihaveaquestion on May 23, 2014, 04:26:28 PM

If you could understand that nobody here believes your China theory and nobody cares about your sensless "proofs", that would be great. Just accept that both Chinese and Westerners have bought some bitcoins lately and it is a global phenomenon, yet still in its infancy. The sooner you acknowledge this, the better for everybody, including yourself.

Whoa, no reason to be upset. It is only your money that is in the game, not mine.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: JorgeStolfi on May 23, 2014, 04:22:30 PM

Because Andreas also vouched for Neo & Bee...

Andreas disagrees with you.

"During that call I explained that I could only be involved as a technical advisor and that due to my limited time I could not endorse N&B with investors or take on a director position that would involve fiduciary or oversight responsibilities."

"I had no insight into finances, no oversight, no involvement in marketing or investor meetings, no contact with customers, investors or regulators. "

http://antonopoulos.com/2014/04/18/neo-bee-a-statement-by-andreas-m-antonopoulos-a-consultants-perspective/

In what sense did he vouch for them more than this is an interesting company that could be big and be a viable and valuable business? In what sense did he vouch for them more than any other employee who didn't know the particular finances?

ihaveaquestion

full member

Activity: 563

Merit: 101

Quote from: JorgeStolfi on May 23, 2014, 04:13:19 PM

Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time. How weird.

If you could understand that nobody here believes your China theory and nobody cares about your sensless "proofs", that would be great. Just accept that both Chinese and Westerners have bought some bitcoins lately and it is a global phenomenon, yet still in its infancy. The sooner you acknowledge this, the better for everybody, including yourself.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: dreamspark on May 23, 2014, 04:11:59 PM

Quote from: lemonte on May 23, 2014, 04:10:23 PM

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Didn't [ Bitstamp ] pass a solvency audit prior to the fall of Gox?

Wasn't it Andreas [ the auditor ]? Apologies, on phone with low battery so can't search to find the details.

What does who it was change to the fact you have to trust them?

Because Andreas also vouched for Neo & Bee...

Besides the auditor's reputation, one must consider HOW the "audit" was done. Basically, it didn't prove anything -- if Bitstamp were lying to clients, they could have easily fooled that "audit" too.

EDIT: as others pointed out Andreas "audited" Coinbase, not Bitstamp.

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: JorgeStolfi on May 23, 2014, 04:13:19 PM

Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time. How weird.

I speculate subconsciously there are algorithms at play, if you read enough and take note of the diapering posts, you get a feel for the magic maths that makes bitcoin work.

ihaveaquestion

full member

Activity: 563

Merit: 101

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Quote from: ihaveaquestion on May 23, 2014, 03:57:14 PM

Quote from: ?? on ??

Do I need to get my coins out of bitstamp for safety?

Better safe than sorry. You really should. Remember that here even in january when the insolvency of Gox where obviously obvious there were still people to tell you there is no evidence and to believe there is a good reason for them to delay USD, euros, yens and bitcoins withdrawals. Just make a cold storage instead of trusting anyone, that is the point of Bitcoin.

Didn't they pass a solvency audit prior to the fall of Gox?

To the best of my knowledge, the only exchange that proposes to any customer a trustless audit is Vault of Satoshi. Bitstamp has been audited but even the auditors did say that there were ways to trick them. Besides, Bitstamp is not legit, on the contrary of, for example, bitcoin-central or bitcoin.de, and if there is one lesson provided by the Black Friday in online poker it is this : even if you are a large, old and successful business, you don't mess with the US government. Pokerstars is a billion dollar business but still not legit in USA, and Bitstamp could totally have its Black Friday considering that legit US exchanges are about to open and they are an "unfair" competitor. Do not trust them because you have no reason to do so. I am not saying that they are as shady as EmptyGox obviously, just that with the history full of scams and hacks of Bitcoin, your default behaviour should be not to trust any third party for any meaningful amount of BTC.

pandacoin

legendary

Activity: 1554

Merit: 1000

Price should be stable for this week. Rally is too fast I can't reach my top level. I need 2 weeks more so I can be in full coins.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: ?? on ??

Oh gosh how hard is it :p. Mining, donations, sold stuff online, investments, payment for freelance work. Yes, a few sentences covers it.
They don't even ask for proof of where the funds come from, they just ask where they origin from. Big difference.

Agree with that part til 100%. Bitstamp should give more information on what happens with the passport scans, replies to questionaires etc.

They do ask for proof, thats the point. See the Bitstamp marketplace thread for an example of someone who had to prove where he got the $220 he ws trying to deposit.

gentlemand

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Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: lemonte on May 23, 2014, 04:10:23 PM

Quote from: dreamspark on May 23, 2014, 04:04:13 PM

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)

Wasn't it Andreas? Apologies, on phone with low battery so can't search to find the details.

He popped into Coinbase and sniffed around a bit.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time. How weird.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: lemonte on May 23, 2014, 04:10:23 PM

Quote from: dreamspark on May 23, 2014, 04:04:13 PM

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)

Wasn't it Andreas? Apologies, on phone with low battery so can't search to find the details.

What does who it was change to the fact you have to trust them?

lemonte

hero member

Activity: 624

Merit: 502

Quote from: dreamspark on May 23, 2014, 04:04:13 PM

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)

Wasn't it Andreas? Apologies, on phone with low battery so can't search to find the details.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: Adrian-x on May 23, 2014, 03:37:09 PM

Quote from: JorgeStolfi on May 23, 2014, 03:27:25 PM

Quote from: Adrian-x on May 23, 2014, 03:12:07 PM

I haven't seen this kick in to a full blown feedback loop yet, I bet if you start posting Chinese slumber predictions again you could kill it.
I'll LOL had if you do, hell i promise to short a little.

The basic Chinese Slumber Method is trivial, just take the Huobi 1h chart on Bitcoinwisdom, switch to UTC time, line drawing mode, and connect the last two Slumber Points -- mean price in the last two 19:00 UTC candles. We just went through one. Then shift the plot so that you can read the line's value at the next 19:00 position.

A slight refinement is to skip Slumber Points with visible volume bars, like yesterday's. Connecting the points of May/21 nd May/23 I get ~3380 CNY for tomorrow May/24 ~19:30 UTC.

There, I hope the rally is dead now. Grin

It was seeing your post here that was affecting the chi in the feedback loop, it had nothing to do with numbers. Cheesy

OK, perhaps this will have the intended effect:

[ from here ]

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: lemonte on May 23, 2014, 04:02:39 PM

Didn't they pass a solvency audit prior to the fall of Gox?

Yes and no. The audit was released in I think March or Feb but the actual audit was done in November. Besides you still have to trust the auditor. (Again Im not saying there are any solvency issues)

lemonte

hero member

Activity: 624

Merit: 502

Quote from: ihaveaquestion on May 23, 2014, 03:57:14 PM

Quote from: ?? on ??

Do I need to get my coins out of bitstamp for safety?

Better safe than sorry. You really should. Remember that here even in january when the insolvency of Gox where obviously obvious there were still people to tell you there is no evidence and to believe there is a good reason for them to delay USD, euros, yens and bitcoins withdrawals. Just make a cold storage instead of trusting anyone, that is the point of Bitcoin.

Didn't they pass a solvency audit prior to the fall of Gox?

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ihaveaquestion

full member

Activity: 563

Merit: 101

Quote from: ?? on ??

Do I need to get my coins out of bitstamp for safety?

Better safe than sorry. You really should. Remember that here even in january when the insolvency of Gox was obviously obvious there were still people to tell you there is no evidence and to believe there is a good reason for them to delay USD, euros, yens and bitcoins withdrawals. Just make a cold storage instead of trusting anyone, that is the point of Bitcoin.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: ?? on ??

Do I need to get my coins out of bitstamp for safety?

For fuck's sake. This is nothing new.... It's a couple of teenagers that want so start riots against Bitstamp. It's completely legit. Why don't you Google "Bitstamp questionaire" or "bitcoin exchange questionaire" https://bitcointalksearch.org/topic/eu-taxman-does-bitstamp-notify-eumy-countrys-tax-authority-about-my-btcs-kyc-499882 etc

It's a standard procedure in order to maintain a good relationship with their bank. Otherwise, they will get kicked out.

I just wrote a couple of sentences and I passed the test. As long as you don't say "I am a terrorist" "It's all illegal money", then you are good to go.

DON'T BOTHER ABOUT BISTAMP, IT'S 100% LEGIT!!!

A couple of sentences don't cover it if your asked for proof of where the funds came from. As was the case with myself. But I agree with the its nothing new it just about how and what they are asking. We've seen huge data breaches at third party companies such as Adobe and Ebay and people are right to be wary of what sort of information these companies hold on themselves.

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