Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28962. (Read 26623626 times)

The bear trolls are returning, this is a bad sign 

Aww you're back, we thought you'd forgotten about us

SATOSHI IS NOT SATOSHI !!!



THISSSSS IS CRRAAAASHINGGGG !!!

the BTC market behaves as a drunken idiot as always....doing a suckers ralley on idiot news only to crash down when finally accepting that its in the hands of crooks who are fleecing

peoples to their bones...Cheers

yea..but nope. Just forget about it.

I think this article regarding SN lays it out pretty good

http://blogs.reuters.com/felix-salmon/2014/03/07/the-satoshi-paradox/

dont wanna spread fud but if the 200k btc belong to gox and they got access to them, what is likely to happen?

assuming this as facts:
mtgox lost approximately 750,000 bitcoins deposited by users.
the last exchange rate @gox is 136$.
they have 200k btc

what options they have?

lets do some math....

(I)
they have 750k/200k = 0.2666 ~ 26,6% of the deposited coins.
give each user 26,6% of his deposited coins back.

(II)
paying the last price of 136$ each btc which would be 0.75m btc * 136$ = 102m $
therefore they had to sell the 200k btc to a whale for 510$ each btc: 102m$ / 0.2m btc = 510$

(III)
claiming they have no access to the btcs and its somebody else doing the current transactions.


just my brainstorming, does this make sense?

I do not think it is him at all. The journalist "work" is extremely bad and based on pure speculation, it really looks like this is a prank pulled on her by Dorian's brother.

The internet is full of posts by Dorian (Amazon; guns forums; train models forums; Toyota forum; etc.) and his writing style is EXTREMELY different (and bad) compared to SN's. The journalist was SO BAD and so eager to publish this story that she didn't even take the time to make a real comparison between the writing of both characters - she just wrote on his piece that Dorian's wife said that her husband mixes both American and UK english, which is beyond ridiculous as a "proof", especially if there is SO much material on the internet to make a REAL comparison. It's obvious that Dorian writes a very bad english, and this is very easily verifiable: his posts all over the internet.

All in all there's some circumstancial evidence, but not a single hint of firm evidence. In fact, the strongest evidence is that the guy's birth name is Satoshi Nakamoto -  but Dorian is a physicist and an engineer, not a cryptographer; add to that his bad english (which, again, is easily proved by using a little google-skills) and the unbelievable characteristics of this story (a guy who never spoke to his family about his project and went to greath lengths to be anonymous "tacitly admits" his involvment to a journalist and uses his real name to publish the foundational paper).

I bet Dorian is not SN. It just doesn't add up. If his birth name was not "Satoshi Nakamoto", everybody would have been laughing at this whole story. It's much more likely SN is Nick Szabo - the evidence is still circumstancial but orders of magnitude stronger in his case. For Christ sake, Nick Szabo was the "inventor" of the "smart contract" concept, his work revolves around the concept of eliminating trust on third parties using decentralized ledgers and he created "bit gold" (which is pure and simply the precursor of Bitcoin), working on it for decades until he stopped publishing papers on electronic cash around 2005 (his last post on bit gold was written on his blog on 2008, just little before the Bitcoin paper was published - what a coincidence). Plus, Szabo's and Satoshi's writing styles are very similar, they use the very same terms and concepts and their work revolves around the very same point. It really looks like Szabo found the "solution to the problem" and created bitcoin, and that's why he never published again about electronic cash/trustless sytems - which were the center of his work for more than a decade. He never wrote about bitcoin and ignores all the comments about bitcoin on his blog, which seems incredibly shady given the fact that he is clearly the inspirator of such a system…  All that might be circumstancial, but the links (in form of PAPERS and WORKS, not speculation by family members and retarded journalists) are SO strong they cannot be ignored.

IMO all this Dorian story is a ludicrous joke that leverages on just three things: A) Dorian's name; B) the fact Dorian worked on classified projects; C) the fact Dorian is a libertarian and quite "paranoid" when it comes to Government - which is simply what you would expect from anyone who has worked for the Government - he just knows first hand that Govs spy and apply violence on people.

The Newsweek journalists should be ashamed.

looks like the market fears gox coin dumps if they will be repaying with these moving coins

It's a mess either way. If someone wanted to do a bail-out, then he should have acted earlier. It would be idiotic to act now when a big part of the damage has already been done.
I wouldn't be surprised though, because it seems to be the nature of the bitcoin community. Emus who like to bury their heads in sand and act only when it's too late. When MtGox was already rotten, then the community was for letting it go bad, because "the free market will take everything and nothing bad will happen". I wouldn't be surprised if someone got spooked now because of the very low buy interest, that is showing at the markets and now they were "maybe a bail-out would restore confidence".
If it is a bail-out at this present time, then it's definitely a)

They will likely be rewarded for that choice...

"Omg i have no idea what this all means but i'm gonna panic sell just in case".

Been strolling in the forum and found a very nice introduction to the intrinsic value of a bitcoin.
Thought it may help new comers to apprehend the value of a bitcoin from a different angle than just speculation:

that are the laywers coins  

No idea. I guess that would depend on the circumstances, whether it is your profession etc. Perhaps someone else can chime in?

thanks !!

That's not the case here. These coins are MtGox's. Parts of it come from the transaction where Karpeles proved he owned them.

Well i am looking for more indepth answers as well but here is my take:

Back when gox was suffering from stuck transaction someone made a graph to track the transactions broadcasted by the gox api.Those of them that were not included in the blockchain showed as "stuck" accumulating to 70k at the peak.It was believed that this was happening because some of the inputs of those transactions were from newly mined coins which can't be spent before 100 confirmations.Then when tx malleability came to the spotlight that was the most probable explanation-that these inputs were already spent with other txID.

Now for the first time since gox closed a big 20k transaction was broadcasted by their api.It showed as a spike in the stuck transaction graph till it was included in the blockchain.

Today there is a 200k address that is being followed by the community,previously linked to gox wallets which is spitted 60:40% at every new mined block.

This post by Gregory Maxwell makes a link between the 20k transaction from gox api and 200k coins that are moving today.
http://www.reddit.com/r/Bitcoin/comments/1zshct/4ee89f7cf824a85ad5f11d52604ffdebe9f01302bcea8ddec0/cfwnd2v

It does appear that the coins are doing something at Gox.
Let´s say an early adopter agreed to provide 200.000 coins and help MTGox to come back up.
What would the implications be ?

a) Lot´s of coins which will be withdrawn and dumped on other exchanges
b) confidence raises and we are going to the moon

I vouch for a)

i follow gmaxwell/nullc on reddit and he speculates:


source: http://www.reddit.com/r/Bitcoin/comments/1zsr6g/the_megahuge_addresses_tied_to_gox_that_just_got/cfwnqc9


its an uncertain situation, not sure what happens and where we go now. lets hope they are not going to gox us one last time.
but for those who own goxcoins there is a little hope.