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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29178. (Read 26607984 times)

hero member
Activity: 686
Merit: 500
Ultranode
What if the two most recent bubbles were entirely manufactured by Gox in attempts to raise enough capital to pay off its liabilities.* And if so, how long will current speculative last?

/tinfoil hat


*Please don't counter with "but China." Almost all activities on their exchanges are by american operated bots.
legendary
Activity: 1260
Merit: 1002
Mark just stole the bitcoins.
He will never admit it (obviously)
There is nothing that can or will be done.
Believing there was a "mistake" or that the coins are "lost" is even more foolish.

Plz stop extrapolating and move on.
legendary
Activity: 1778
Merit: 1008
Haven't caught up with the thread so not sure if it's been said but over 10,000 people viewing /r/bitcoin and no threads are on the front page.

Huge

The press has been huge over the last couple of days. Even my old man asked me if my Bitcoin had crashed and don't be sad if you lost it all coz your health is your wealth etc

same - my sister asked me to explain it in laymans terms. heh.
hero member
Activity: 531
Merit: 501
Haven't caught up with the thread so not sure if it's been said but over 10,000 people viewing /r/bitcoin and no threads are on the front page.

Huge

The press has been huge over the last couple of days. Even my old man asked me if my Bitcoin had crashed and don't be sad if you lost it all coz your health is your wealth etc
legendary
Activity: 1106
Merit: 1007
Hide your women
If the Bitstamp market could make a sound, it would probably sound like a balloon slowly deflating.
Not sure why. I would have thought that if the reaction is to twobitidiot's latest news, the implication is that the MtGox coins are gone, which would tend to be bullish for BTC.

I guess the market was expecting more than just an implication. To me, it's as clear as day, but people interpret things differently.
FNG
hero member
Activity: 588
Merit: 500
Haven't caught up with the thread so not sure if it's been said but over 10,000 people viewing /r/bitcoin and no threads are on the front page.

Huge
legendary
Activity: 2772
Merit: 1028
Duelbits.com
lol have you guys read the replies here?

https://twitter.com/Sen_JoeManchin/status/438762073527705600


Yeah. Glad people are asking the important questions, such as if the Bitcoin ban would affect Dogecoin.

lol some of those replies are the funniest things i've read all day

lol  " you're a piece of shit"

&      "@Sen_JoeManchin @Rothbardian1627 that is funny because I just sent a letter recommending the banning of #Authoritarian #Senators"
     

thanks for pointing those out Dragonkiller, definitely good laughs there  Cheesy   



This one is champ Cheesy

https://twitter.com/math_management/status/438858773822582784/photo/1
legendary
Activity: 896
Merit: 1000
Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.
They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.


This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.

I can picture it.. shovels of dirty fiat being thrown into a furnace.

Every time he ran low, he just had to release some stupid press statement and cause a crash. Coffers refilled. GENIUS!!
Finally a month ago he had no choice but to do the desperate.. disable withdrawals. Dirty fiat poured in only long enough to run that PoS for another 2 weeks. LOL
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Peak stuck transmissions from Gox: 70,000 BTC

http://coinsight.org/mtgox.html

Go to Mt Gox stuck transmission outputs, select all and look at 7 February.


That's where the coins went.  TX malleability.  You only needs to lose 70,000 coins ten times to lose everything.
legendary
Activity: 1106
Merit: 1007
Hide your women
Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.
They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.


This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.

Dude, Gox was run into the ground. It was hollowed out completely. Karpeles didn't stop burning money until there was no more left to burn. It may take time to know the details or we may never know the details, but that doesn't change the relevant fact that Gox was bled dry. Denial is one of the stages of grief so it's ok, but acceptance is the last. See you there.
full member
Activity: 378
Merit: 100
If the Bitstamp market could make a sound, it would probably sound like a balloon slowly deflating.
Not sure why. I would have thought that if the reaction is to twobitidiot's latest news, the implication is that the MtGox coins are gone or even destroyed, which would tend to be bullish for BTC.

hero member
Activity: 1036
Merit: 524
If the Bitstamp market could make a sound, it would probably sound like a balloon slowly deflating.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
lol have you guys read the replies here?

https://twitter.com/Sen_JoeManchin/status/438762073527705600


Yeah. Glad people are asking the important questions, such as if the Bitcoin ban would affect Dogecoin.

lol some of those replies are the funniest things i've read all day

lol  " you're a piece of shit"

&      "@Sen_JoeManchin @Rothbardian1627 that is funny because I just sent a letter recommending the banning of #Authoritarian #Senators"
     

thanks for pointing those out Dragonkiller, definitely good laughs there  Cheesy   



 Grin
legendary
Activity: 2016
Merit: 1259
lol have you guys read the replies here?

https://twitter.com/Sen_JoeManchin/status/438762073527705600


Yeah. Glad people are asking the important questions, such as if the Bitcoin ban would affect Dogecoin.

lol some of those replies are the funniest things i've read all day

lol  " you're a piece of shit"

&      "@Sen_JoeManchin @Rothbardian1627 that is funny because I just sent a letter recommending the banning of #Authoritarian #Senators"
     

thanks for pointing those out Dragonkiller, definitely good laughs there  Cheesy   

full member
Activity: 378
Merit: 100
Quote
Edit: Due to some angry Gox depositors, I've been advised to disclose that Karpeles was overstating the fact that he had "lined up" investors. The truth is, in a move of desperation, Mark asked several investors for a bailout, all of which seemed to have immediately notified the authorities once they learned the extent of the fraud, negligence or incompetence at Mt. Gox.

That is to say, my leak did NOT cost depositors their investments. There was no chance of a bailout. Please direct your anger at Mt. Gox, and please do not blame me for your losses. Even if you disagree with my reporting, there was nothing to gain by continuing to cover this up, but much prolonged agony for Bitcoin and perhaps additional damage for new depositors.

Thank you for your support and understanding.

That was what he hyped up?? Really?

LAMEEEEEEEEEEEEEEE
Twobitidiot may have more up his sleeve; the tumblr article title is "BREAKING: Full Mt. Gox Story coming…"
legendary
Activity: 1078
Merit: 1441
oh look a Unicorn!
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
Seriously, my guess is that Mt.Gox leaked a relatively small number of BTC over months due to TXID malleability and it's lame code, refunding people for BTC allegedly 'lost' in transactions which weren't actually lost at all.

Then when Mark goes to top up the hot wallet from BTC in cold storage, he discovers his second fuckup. He can't retrieve the coins in cold storage because there is a problem with the wallet/keys. Ooops.

The coins are probably there on the blockchain, stuck forever. That is why he can't even sign them to prove they are under Mt.Gox's control. They aren't.

Pretty much. I think he has lost the keys. No more than a small amount (if any) has been stolen due to the malleability issue.
hero member
Activity: 686
Merit: 500
Ultranode
^ bad news, but I don't think it will flash crash us back down to $400. Oh well.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.
They are not gone, just pining for the blockchain...
Beautiful funds, those bitcoins.


This whole matter is far from being concluded... there is a lot of sorting that still NEEDS to be done.  I am sure that we DO NOT know the half of the financial situation of Mt. Gox and the extent to which it may be feasible to either reopen or to reimburse customers.... these details are going to be worked out in the coming weeks.. and maybe months.



The customers will never get their funds and there was never any possibility of that happening. There were no buyers:

http://two-bit-idiot.tumblr.com/post/77967162725/breaking-full-mt-gox-story-coming
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