Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31434.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: simonk83 on December 03, 2013, 04:37:04 PM

Quote from: Syke on December 03, 2013, 04:21:18 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

Unless he uses a coin mixer first.

It's not going to be that easy. Read this: http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

just withdraw 200 at a time and then use tumbler.

simonk83

hero member

Activity: 798

Merit: 1000

Quote from: Syke on December 03, 2013, 04:21:18 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

Unless he uses a coin mixer first.

It's not going to be that easy. Read this: http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

sedric398

member

Activity: 71

Merit: 10

Btc-e asks for verification only on wire transfers, if you use one of the other methods that won't be necessary.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

BTCe will get shut down eventually and probably take the entire altcoin scene with it.

maz

full member

Activity: 140

Merit: 100

Quote from: niothor on December 03, 2013, 04:29:21 PM

Quote from: mmitech on December 03, 2013, 04:25:03 PM

Quote from: ElectricMucus on December 03, 2013, 04:20:00 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

BTC-e compliant, lol

believe it or not yes you cannot deposit or withdraw FIAT without providing an issued ID by your government and a prove of residence

But does one verify the accuracy of those id's?
I fail to remember the price but you could buy lots of fake id's form every nation on SR.

Life in the penitentiary for Mr Ulbricht.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: mmitech on December 03, 2013, 04:25:03 PM

Quote from: ElectricMucus on December 03, 2013, 04:20:00 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

BTC-e compliant, lol

believe it or not yes you cannot deposit or withdraw FIAT without providing an issued ID by your government and a prove of residence

But does one verify the accuracy of those id's?
I fail to remember the price but you could buy lots of fake id's form every nation on SR.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: mmitech on December 03, 2013, 04:25:03 PM

Quote from: ElectricMucus on December 03, 2013, 04:20:00 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

BTC-e compliant, lol

believe it or not yes you cannot deposit or withdraw FIAT without providing an issued ID by your government and a prove of residence

I did just that several times.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: ElectricMucus on December 03, 2013, 04:20:00 PM

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

BTC-e compliant, lol

believe it or not yes you cannot deposit or withdraw FIAT without providing an issued ID by your government and a prove of residence

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

Unless he uses a coin mixer first.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Richy_T on December 03, 2013, 04:19:22 PM

Quote from: ElectricMucus_on_every_post

The sky is falling

Quite

DOOOM!!!

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: mmitech on December 03, 2013, 04:18:16 PM

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

BTC-e compliant, lol

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: ElectricMucus_on_every_post

The sky is falling

Quite

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: maz on December 03, 2013, 04:13:55 PM

Quote from: Vycid on December 03, 2013, 04:04:44 PM

Quote from: gizmoh on December 03, 2013, 04:04:05 PM

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the hesit:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

Old news, it's priced in.

What a load of nonsense, priced into what? The price in your head? The effects are when it's cashed out and the ramifications to the market as 96,000 coins sold either in bulk, or bit by bit, its going to be noticed.

Quote from: ElectricMucus on December 03, 2013, 04:13:43 PM

Quote from: Vycid on December 03, 2013, 04:04:44 PM

it's priced in.

4.5% of all bitcoins ever to exist are acquired by a single scammer and prices are 93% of the ATH.
That's not priced in.

Do you even informational efficiency, bro?

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: gizmoh on December 03, 2013, 04:04:05 PM

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the heist:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Vycid on December 03, 2013, 04:04:10 PM

Now, multinationals can just threaten to pack up and leave if they are legislated against. For really big companies, that could devastate a country's economy.

These companies might end up either propping up friendly puppet states, or simply abolishing them and raising their own police forces and militaries, laying their own roads, etc.

This future isn't a foregone conclusion but the trends do point clearly clearly in that direction.

I sorta want to write a novel about it...

Definitely coming. The US is getting ever more oppressive in its tax policies. Not particularly in the rates (though that is an issue) but in the laws and intrusive practices. It's very hostile out there and even small-time individuals are subject to risks of crazy penalties for not jumping through byzantine hoops currently. The US treats its citizens as its property.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: thezerg on December 03, 2013, 04:11:21 PM

Quote from: chriswilmer on December 03, 2013, 03:26:07 PM

Quote from: ?? on ??

Quote from: fluidjax on December 03, 2013, 03:07:41 PM

Quote from: micalith on December 03, 2013, 12:50:02 PM

Quote from: niothor on December 03, 2013, 11:51:22 AM

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?

okay, who wants to go in with me and buy burma?

Hmm, you know what, that's actually an interesting proposition. It's probably hard to buy a country using national fiat currencies, no matter how rich you are, but with bitcoins... you just might be able to do it (i.e., pay out the government + military to leave the country / hand over control). Maybe we will see a brave new world of corporations taking over nations now that they have a financial vehicle with which to do it.

I know these comparisons are tongue-in-cheek, but just for those who are confused as far as I can figure you couldn't buy a country for its GDP. I mean, even if you COULD buy a country... you couldn't buy it for its GDP. It wouldn't cost that little. That would be like buying a company for its earnings. But as we all know stocks trade for a PE multiple. Makes sense because you are buying ALL future earnings output, not just one year. So I think a PE of 10 would be ok esp. for these underperforming countries...

So Burma could go for 120million... that's way too... well... hmm...

These comparisons are monetary base: cash in circulation. So Burma's $12 billion is a fraction of GDP and that is a fraction of national assets.
Also coinometrics uses data from the CIA factbook, which clearly has major issues, probably produced by CIA chair-polishing nitwits - as the UK monetary base is shown to be the size of Belgium's which is like saying North Dakota has as much money as New York.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: thezerg on December 03, 2013, 04:11:21 PM

Quote from: chriswilmer on December 03, 2013, 03:26:07 PM

Quote from: ?? on ??

Quote from: fluidjax on December 03, 2013, 03:07:41 PM

Quote from: micalith on December 03, 2013, 12:50:02 PM

Quote from: niothor on December 03, 2013, 11:51:22 AM

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?

okay, who wants to go in with me and buy burma?

Hmm, you know what, that's actually an interesting proposition. It's probably hard to buy a country using national fiat currencies, no matter how rich you are, but with bitcoins... you just might be able to do it (i.e., pay out the government + military to leave the country / hand over control). Maybe we will see a brave new world of corporations taking over nations now that they have a financial vehicle with which to do it.

I know these comparisons are tongue-in-cheek, but just for those who are confused as far as I can figure you couldn't buy a country for its GDP. I mean, even if you COULD buy a country... you couldn't buy it for its GDP. It wouldn't cost that little. That would be like buying a company for its earnings. But as we all know stocks trade for a PE multiple. Makes sense because you are buying ALL future earnings output, not just one year. So I think a PE of 10 would be ok esp. for these underperforming countries...

So Burma could go for 120million... that's way too... well... hmm...

So, what... ~100,000 BTC? Cheesy

How 'bout we rename it Bitopia?

maz

full member

Activity: 140

Merit: 100

Quote from: Vycid on December 03, 2013, 04:04:44 PM

Quote from: gizmoh on December 03, 2013, 04:04:05 PM

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the hesit:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

Old news, it's priced in.

What a load of nonsense, priced into what? The price in your head? The effects are when it's cashed out and the ramifications to the market as 96,000 coins sold either in bulk, or bit by bit, its going to be noticed.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Vycid on December 03, 2013, 04:04:44 PM

it's priced in.

4.5% of all bitcoins ever to exist are acquired by a single scammer and prices are 93% of the ATH.
That's not priced in.

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: chriswilmer on December 03, 2013, 03:26:07 PM

Quote from: ?? on ??

Quote from: fluidjax on December 03, 2013, 03:07:41 PM

Quote from: micalith on December 03, 2013, 12:50:02 PM

Quote from: niothor on December 03, 2013, 11:51:22 AM

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?

okay, who wants to go in with me and buy burma?

Hmm, you know what, that's actually an interesting proposition. It's probably hard to buy a country using national fiat currencies, no matter how rich you are, but with bitcoins... you just might be able to do it (i.e., pay out the government + military to leave the country / hand over control). Maybe we will see a brave new world of corporations taking over nations now that they have a financial vehicle with which to do it.

I know these comparisons are tongue-in-cheek, but just for those who are confused as far as I can figure you couldn't buy a country for its GDP. I mean, even if you COULD buy a country... you couldn't buy it for its GDP. It wouldn't cost that little. That would be like buying a company for its earnings. But as we all know stocks trade for a PE multiple. Makes sense because you are buying ALL future earnings output, not just one year. So I think a PE of 10 would be ok esp. for these underperforming countries...

So Burma could go for 120million... that's way too... well... hmm...

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31434. (Read 26686371 times)