Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29329. (Read 26664563 times)

Pump incoming.

and its gone. Dump incoming?

I love those charts!

Thanks for all of them!

Regards!!!!!

ahaha, those bitstamp walls.

I guess someone is getting those cheap mtgox coins after all.

holy moly we will see sub 500  

oh goody a big ass wall again

Explanation

What, they did not consult the Health Ministry? Or the Army?

Or the Godzilla Watch and Fight Service?

Seriously, either those guys are very naive, or they were hoping to trick the Japanese government into implicitly recognizing Bitcoin as something that it is not -- a currency, financial instrument, securuty, etc..

Whatever bitcoin may become in the future, for the Japanese government (and most other governments, it seems) it is still a fantasy thing, that "exists" only as numbers in some database maintained by a non-official organization: just like videogame points and weapons, or real estate on the moon.  In the eyes of the law, MtGOX is just a company that lets customers play with those numbers for a (real) fee.

Therefore, it is no surprise that the institutes that regulate Japan's financial system have refused to intervene.  Would they bother with a videogame weapons exchange that refuses to deliver the Elfin Swords and Level 3 Magic Wands that clients have "bought" them with real money?

On the other hand, Japanese common justice can act on MtGOX, just like it can act on any business that fails to honor the contracts (even if implicit) that it made with its clients, or violates some general commerce law.   Common justice can force the company to honor the contracts, or declare bankruptcy if it can't.  It does not matter what the company does or trades, as long as the clients can define and prove their losses.

Lawsuits are the standard instruments that customers are expected to use when a company defaults on their contracts.  Why are MtGOX clients so reluctant do do the natural thing?

Ruuun... anothher 5k.

Looks like our old friend the Bitstamp wall of doom is back.

Just had a little punt on Bob the Bitcoinbuilder. It's pretty fast - got verified in minutes.

Pretty slick!

Figured I'd stick a low one in in case the FUD drops it lower - anything like mid 20's in % terms is worth a risk....

I will at least 'feel' richer, temporarily.

4:1 ratio is pretty mad if Gox digs out of it's deep hole.   OR even looks like it and I can flog 'em back higher.

And yep - you can laugh at me if it goes tits up tomorrow - but I think we have a little longer yet.

Thats actually good news if it were true....they still are able to blame something.....and the community stays blindsighted that they ran

a fractional reserve for bitcoinfoundation-members from the getgo.....when all is said and done please people remember to ask

for the identity of  the accountowners who sold nearly a million BTC from 300 down to 100 dollars.....and poff the scam gets legs

I went out there with my description because of lines like this "The cold storage has been wiped out due to a leak in the hot wallet" this boggles my brain...

Thanks mate,  I was around for the falling of the wall...having watched it since it went in -- IMHO definitely not a manipulator but s/o leaving coinOsphere.

I notice in the "Quality" thread Risto is publishing pictures of his new mansion (nice)....
I can hear noses cracking out of joint already

The tone of the document is all wrong. It reads fake as hell to me.


So the document is a "Crisis Strategy Draft" from Mt. Gox itelf.


But, they're using language like "Gox's own workaround" which implies that the author is outside the Gox organization. "The truth it turns out" is not something someone would write in an internal document. Also none of this is a "Crisis Strategy".

Do not believe.

i think at most the damage is 50K coins.

would gox bildinly start refilling there hot wallet daily without thinking maybe its a hacker...

they can't be that bad...... OHHHHHHHH shit i'm scared

I hope everyone is set up in such a way that he can continue on without Emptygox.

If it walks like a duck and quacks like a duck...... is it Mark Karpeles?

Quack

Love your description lol.

Years of unnoticed theft and a leak in the wallet? Looolll fududududududud