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141  Bitcoin / Hardware / Re: BFL fucks us over again on: July 15, 2014, 02:36:31 PM
LD, It would be better to start a crowd funding campaign in its own thread no?  I seriously doubt you will see traction though.
Agreed as there is apparently not one pair of cojones in the same bag anywhere around here.
Why don't you just get a can of spraypaint, walk over to your supermarket's parking lot, and put anti-BFL graffiti on all cars parked there?

(You could also use the opportunity to help the Great Cause by signing the graffiti with "Bitcoin Rules Yeah!" or something.)

Tongue
142  Bitcoin / Bitcoin Discussion / Re: List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses on: July 15, 2014, 01:50:14 PM
Another  thread about a confirmed scam, CoinReturn:
https://bitcointalk.org/index.php?topic=665833.0

I do not know whether the amount is sufficient to qualify for your list.

Apologies if you already considered it and rejected it. Perhaps ypu should place on Page 1 a list with the names (only the names) of the incidents that are on your queue, or that you already looked into and rejected; so that readers can avoid suggesting them over and over again.
143  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 06:17:23 AM
all those things that can be "bought with bitcoin" are actually bought with dollars that come from the sale of bitcoins to BitPay/Coinbase/etc... 
Does it not work both ways? Most of my bitcoins were purchased with dollars, received in exchange for my labor. A more appropriate saying would be, "all those things can purchased with labor or traded for other things using a medium of exchange of dollars or bitcoin".
The point is that most of those "purchases with bitcoin" mean that the customer's coins are sold in the market by Bitpay and the dollars are given to the merchant.  Where do the coins come from?  More likely from people who already had a stash of bitcoins, than from people who didn't have bitcoins and bought them from the market for that purchase.

Therefore, those businesses are likely to increase supply in the market (by moving coins out of hoards to the market), rather than demand.  Basically, they induce holders to sell, and make it convenient to do so.  Are they also inducing non-bitcoiners to buy bitcoin? It is not obvious: if you had dollars and no bitcoins, why would you choose to pay with bitcoin?
144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 02:13:01 AM
Perhaps those concentrated buying sprees that suddenly pushed the price up from ~450 to ~600--650, starting on May 20, were individual traders getting invited to the BitVC exchange (that Huobi is setting up in Hong Kong), converting all their yuan to bitcoin in order to trade there.
145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 01:07:53 AM
some poeple are so dependent on the matrix, they cannot be reasoned with.
Indeed.  It is useless to point out that all those things that can be "bought with bitcoin" are actually bought with dollars that come from the sale of bitcoins to BitPay/Coinbase/etc...  Wink
146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 01:05:07 AM
Like JorgeStolfi CLAIMS to be doing, except he is doing it in entirely the wrong place.
I am not doing that on this thread.  This is a gambler's thread, and people have the right to gamble their money if they know that it is a gamble.   Only that I cannot sleep knowing that someone, somewhere in the internet, has posted something wrong.  Grin
147  Economy / Scam Accusations / Re: Phinnaeus Gage aka ~Bruno Kucinskas where are you? on: July 15, 2014, 12:46:11 AM
What makes you say so? The style of the posts looks quite different to me. 

And how does one "quickly" leave an account?

148  Economy / Service Discussion / Re: MtGox withdrawal delays [Gathering] on: July 15, 2014, 12:37:47 AM
By the way, I thought that I read somewhere that Tibanne, MtGOX's parent firm, convinced the MtGOX liquidator that a certain portion of the remaining bitcoins belonged to Tibanne and not to MtGOX, and so they should not be part of the liquidation.  Has anyone seen that, or was it only a bad dream?
where have you found that?Huh?
what the F@CK is going on?Huh if this is true what are we waiting to receive?Huh? probably nothing?Huh and Mark is tweeting cats??

Found it (I wasn't dreaming!).  But it is "only" 200 kUSD:

http://www.goxdox.org/2014/07/magicaltux-strikes-again-tibanne-takes.html
http://www.reddit.com/r/Bitcoin/comments/29u6dt/goxdoxorg_magicaltux_strikes_again_tibanne_takes/

However it is quite strange that Tibanne gots its claim served (in full?) before the other clients.  Especially considering that the sole owner of Tibanne is the former CEO of the company being liquidated. 
 
149  Economy / Service Discussion / Re: MtGox withdrawal delays [Gathering] on: July 14, 2014, 08:13:46 PM
Maybe they want to buy it for all the account data. E.g. It takes a lot of time (and money) to check and verify all the personal passports.
A business can start all over with zero customers, but what if you can start with hundreds of thousands of verified customers...
But of course they cannot assume that every customer of the old MtGOX wants to be a customer of the new one, so customers would have to explicitly open new accounts anyway.  And the liquidators cannot sell to the new firm the ID/passport scans of people who do not want to be customers, can they?  (If they CAN and intend to do that, then that is one one more bad reason for them to want the takeover.)

When someone dies, he gets buried or cremated, and that is it.  No matter how much relatives and friends miss him, they won't go searching for a doctor who can bring the dead back to life.  Companies are like that too.  Wen a company dies, it dies, and that is it.  Anyone who claims to be able to bring it back to life is srely a charlatan tring to swindle those who miss it.
150  Bitcoin / Hardware / Re: BFL fucks us over again on: July 14, 2014, 07:57:40 PM
Hiding under a new name now you ran off with the money, again, bruno kucinskas?
https://bitcointalk.org/index.php?topic=667460.0

Boy, am I confused now. Huh

I now have two new theories about the bitcoin community:

  (1) ALL bitcoiners are scammers trying to steal from each other;

  (2) There are actually only 10 bitcoiners, all  schizophrenic, each bitcoiner with 10 personalities, each personality with 10 spambots, each spambot with 10 user accounts on this forum.

Please tell me that both theories are wrong.  Wink

[/quote]
Who the Hell is "bruno kucinskas"?

https://bitcointalk.org/index.php?action=profile;u=24792
151  Economy / Service Discussion / Re: MtGox withdrawal delays [Gathering] on: July 14, 2014, 05:43:55 PM
Google the title and the entire article will come up.
Sounds very much like the OKCoin proposal with a new twist or two.
Thanks!

I really cannot see why a new exchange would honestly want to present itself as "MtGOX reborn" or buy any asset from MtGOX.  Would be like a US presidential candidate legally changing his name to "Richard M. Nixon Two".   (I can think of several very bad reasons for that, though.)

By the way, I thought that I read somewhere that Tibanne, MtGOX's parent firm, convinced the MtGOX liquidator that a certain portion of the remaining bitcoins belonged to Tibanne and not to MtGOX, and so they should not be part of the liquidation.  Has anyone seen that, or was it only a bad dream?
152  Economy / Scam Accusations / Re: Phinnaeus Gage aka ~Bruno Kucinskas where are you? on: July 14, 2014, 05:26:14 PM
Wow, a new intriguing theory: https://bitcointalk.org/index.php?topic=150803.msg7841818#msg7841818
153  Bitcoin / Hardware / Re: BFL fucks us over again on: July 14, 2014, 03:35:30 PM
PS. By the way, don't expect that google-shaming will accomplish much besides saving some people from losing their money.  As the example of MtGOX has shown, all the bad press in the world will not convince a scammer to return their victim's money; and the past career of Sonny Chris Vleisides is much "colorful" than that of Mark Karpelès.
154  Bitcoin / Hardware / Re: BFL fucks us over again on: July 14, 2014, 03:23:06 PM
Let's see.
Did I get that right?
BFL is engaging in SEO to improve its scammy fraudulent positioin on the internet but I get pilloried for suggesting that we turn the table on them and use a bit of SEO ourselves to bring down the Satan that is BFL?
If that is about my post: you have all the right in the world to post the truth about BFL everywhere such posts are relevant.  What it not OK is to spam blogs and other sites that have nothing to do with bitcoin.
155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 14, 2014, 03:07:44 PM
The complete lack of asks on Huobi gives me a false sense of hope.. lol -- 642 coins to 3900
This is a common misunderstanding.  The order book shown by bitcoinwisdom is truncated after N entries, and since the Chinese traders spam the books with zillions of tiny orders, the summary often gets truncated after a few lines.   I have asked (twice) the bitcoinwisdom owner to print a "..." in the summary to show truncation,  but I coudl not get him to see the problem.

By the way, Huobi's chart on bitcoinwisdom has been frozen for 50 minutes now.  It always does that when there is a significant dump...  It is 3787 CNY on its own chart.  (Strangely, quite a bit lower than OKCoin; usually they are only a few CNY apart.)

EDIT: Huobi's order book plot at their own site: https://www.huobi.com/trade/?a=depth#depth
156  Economy / Service Discussion / Re: MtGox withdrawal delays [Gathering] on: July 14, 2014, 11:27:20 AM
speaking about updates here is an interesting one:
http://virtualmining.com/bitcoin-joint-venture-to-bid-for-mt-gox-assets/
what do you think?? mtgox will be up and running in a month?Huh let's see!!
I can only see the top few lines of that article and it says onle that they plan to "fill the void left by MtGOX" by opening an exchange in Japan.  Do they really intend to bid for MtGOX assets? (AFAIK there is no chance of that, and what assets are there to bid for?)
157  Bitcoin / Bitcoin Discussion / Re: Dollar-Backed Digital Currency Aims to Fix Bitcoin’s Volatility Dilemma on: July 13, 2014, 11:36:53 PM
Bitcoin’s does not have a Volatility Dilemma
rather most human don't like the uptake curve of btc because it doesn't match their time scale of $10 more each day.
"Volatility" it is actually one of BTC's most powerful bootstrapping features that attracts traders and entrepreneurs, media, and gets it used faster.
the 'volatitliy' myth belongs in the same bin as the LTC on GOX and BTC on AMAZON.
Perhaps you don't know what "volatility" means?

It means that the price of something can change a lot, up or down, unpredictably.  In the case of Bitcoin, sometimes 10% in a matter of hours.

The volatility of bitcoin is a measurable fact, not a myth. It is much larger than that of dollars and euros, or stocks of established companies.  While volatility attracts day traders, it is terrible for its use as currency, or for storing money that you may need some day, or for moving money across national borders.

Realcoin may be a joke technically, not even a true cryptocoin; but if it promises stability, it will have a powerful advantage over bitcoin for use in e-commerce, or for moving money across borders.  (For liquid value storage, neither is any good.) 

Bitcoin would remain the choice for long-term investors who believe that it will appreciate 10x or more eventually. But since its value resides entirely in its demand for e-commerce and such...
158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 13, 2014, 10:33:36 PM
And to think that you could have went to most of the games with your bitcoin profits.... oh wait
You mean, if I had bought in late November, when I first heard of it?  Tongue
159  Bitcoin / Bitcoin Discussion / Re: Dollar-Backed Digital Currency Aims to Fix Bitcoin’s Volatility Dilemma on: July 13, 2014, 10:05:07 PM
So, the people behind realcoin are one or more of the following:
1) Stupid
2) Exploiting other people's stupidity for profit.
Why, (2) of course.  How is that saying, "no one has ever gone broke by underestimating ..."
160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 13, 2014, 10:01:53 PM
germany  Grin
"Football is a game played by 22 players and in the end Germany wins"  Roll Eyes
Sorry -- why are you mentioning soccer? Was there a soccer championship somewhere recently?  And what is Germany?
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