Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32053. (Read 26471711 times)
October 25, 2013, 11:01:47 PM
October 25, 2013, 10:51:36 PM
I will reserve judgment until I see an official statement form a related department or many reporters report of a hearing in a US courtroom.
http://www.thesmokinggun.com/documents/silk-road-dealer-cooperating-567432
thanks I had seen that, IMO This is a periphery event, I'm waiting on SR and seizing of coins, this could be the catalyst for a scam - SR shutdown.
October 25, 2013, 10:46:05 PM
Not proper timescales to take much from, but still, kind of hoped for a breakout here:
China, 1000 CNY must hold!
China, 1000 CNY must hold!
October 25, 2013, 10:21:58 PM
btcChina about to take us down again
October 25, 2013, 10:20:46 PM
I will reserve judgment until I see an official statement form a related department or many reporters report of a hearing in a US courtroom.
http://www.thesmokinggun.com/documents/silk-road-dealer-cooperating-567432
October 25, 2013, 10:07:19 PM
Wasloraj (or whoever) is correct anyway. If they actually do have them, they will be auctioned off en-mass. What happens after that is anyone's guess but I would expect them to be bought by someone with at least a few smarts who would not likely perform a one-off dump.
thanks, i am always correct
October 25, 2013, 10:06:33 PM
Wasloraj (or whoever) is correct anyway. If they actually do have them, they will be auctioned off en-mass. What happens after that is anyone's guess but I would expect them to be bought by someone with at least a few smarts who would not likely perform a one-off dump.
October 25, 2013, 10:02:41 PM
Wait, the government has access to DPR's accounts?
Great. Just when I thought we were getting away from Bitcoin being associated with entities engaged in unlawful activities.
Great. Just when I thought we were getting away from Bitcoin being associated with entities engaged in unlawful activities.
October 25, 2013, 10:01:45 PM
October 25, 2013, 09:14:34 PM
Any proof those are SR's earnings?
And why in blocks of 324 BTC, seems to be a completely arbitrary number?
324 = FBI on a phone keybord. (it was is Girlfriend sitting in the wafting room doing laundry)
While this sounds like conspiracy, this could be a bigger public scam than the first Pirate to hit the Bitcoin tabloids. I will reserve judgment until I see an official statement form a related department or many reporters report of a hearing in a US courtroom.
October 25, 2013, 09:09:54 PM
Why would you block those coins? What, you only like the free market whan it does things you approve of?
I was just saying theoretically it could be done, if a malicious entity had some absurd % of existing bitcoins. I don't generally support it, but it has been raised by others numerous times on these forums. That's all really..
I seriously doubt the US gov't would act with malicious intent with that 1%/2% of BTC because, largely, of point (2)... transparency.
I agree. I do not expect the US government to do anything crazy with the BTC; however there is enough fear and distrust of the state among the Bitcoin community that it could trigger a short term sell-off / panic. Long term this is bullish but in the very short term I would not be surprised if the bears come out of hibernation just like what happened with the initial SilkRoad closure.
October 25, 2013, 09:01:51 PM
October 25, 2013, 09:00:06 PM
Why would you block those coins? What, you only like the free market whan it does things you approve of?
I was just saying theoretically it could be done, if a malicious entity had some absurd % of existing bitcoins. I don't generally support it, but it has been raised by others numerous times on these forums. That's all really..
I seriously doubt the US gov't would act with malicious intent with that 1%/2% of BTC because, largely, of point (2)... transparency.
October 25, 2013, 08:54:43 PM
Why would you block those coins? What, you only like the free market whan it does things you approve of?
October 25, 2013, 08:54:01 PM
October 25, 2013, 08:47:12 PM
so now its over 100K coins they have?
http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC
Now the questions that remain are:
Is this the next target?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC
As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR
and
Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?
Technically, if this ever became a real threat (if they had, say, 10+% of coins), consensus could be reached to just block all transactions from known Gov't public addresses... I don't see what much they could do with 2% of available coins, beyond very briefly crash the market. These actions would:
(1) Cost them $$$. They wouldn't get max dollar for liquidating their bitcoins if they just drove the price down.
(2) It would be completely transparent to everyone! They couldn't secretly do this. Everyone in the public would know, and it'd be a PR disaster... The beauty of the Bitcoin protocol is that they can't hide what they do with these funds.
I seriously doubt that there would be anywhere close to the consensus needed to block any particular group of addresses by means of hard fork since that would destroy the fundamental economic value of Bitcoin.
Here is a thread thread that explains why this is such a terrible idea. https://bitcointalksearch.org/topic/brainstorm-implications-of-blacklisting-dprs-seized-bitcoins-308106
October 25, 2013, 08:39:39 PM
so now its over 100K coins they have?
http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC
Now the questions that remain are:
Is this the next target?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC
As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR
and
Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?
Technically, if this ever became a real threat (if they had, say, 10+% of coins), consensus could be reached to just block all transactions from known Gov't public addresses... I don't see what much they could do with 2% of available coins, beyond very briefly crash the market. These actions would:
(1) Cost them $$$. They wouldn't get max dollar for liquidating their bitcoins if they just drove the price down.
(2) It would be completely transparent to everyone! They couldn't secretly do this. Everyone in the public would know, and it'd be a PR disaster... The beauty of the Bitcoin protocol is that they can't hide what they do with these funds.
October 25, 2013, 08:34:34 PM
October 25, 2013, 08:28:03 PM
so now its over 100K coins they have?
http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC
Now the questions that remain are:
Is this the next target?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC
As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR
and
Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?
October 25, 2013, 08:21:55 PM
We pushing back through $200 tonight? Quick, but consistent, recovery.
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