log☇︎
769100+ entries in 0.538s
jurov: i'd try to postpone that
the20year: I would be too , but I have very little personal cash available for btc, but also sadly have a decent bit of BTC from investors to be converted to fiat to buy property
ozbot: Pope revolutionizes Vatican by opening finances to scrutiny
ThickAsThieves: well it hit $20 from silk road in 2013 too
the20year: there was some java/ad exploit that took alot of coins from people running XP, and I was one of them, right around the time bitcoin hit like $20 for the first time due to all the silk road press, maybe that was 2011?
the20year: Never did anything with teh wallet, showed up at office one day and the client was open, all coins gone
greenspan_fan: oh man, that's rough
the20year: Went to a bunch of faucets after downloading the client, the ones that were giving 1 to 0.5btc out per day per time you hit the faucet
greenspan_fan: wasn't that a scam fund from that guy who ripped off mircea?
ozbot: Joint Statement Regarding MtGox | Blockchain.info Team Blog
ThickAsThieves: http://blog.blockchain.info/2014/02/25/joint-statement/ kraken just happy for the free advertising
the20year: I *got in* on bitcoin in the first 3 months, didn't do me much good by not sticking with it :D
greenspan_fan: because HN was one of the first places to hear about bitcoin, and almost none of the people got in on it
ThickAsThieves: it's the most expensive magic card
nubbins`: TBH i thought he was talking about sports cars
greenspan_fan: it's the japanese corporate way
ThickAsThieves: are they casacius lotuses?
greenspan_fan: I think karpeles should cut off a pinky, at least
Duffer1: is that a MTG ref greenspan fan?
ThickAsThieves: even if someting is sorted it'll take year(s)
greenspan_fan: how many black lotuses would you need to sell to cover 700 000 btc?
greenspan_fan: they'll be able to cover at least some of the deposits
greenspan_fan: assuming they have any money at all (which they might, if they were front running the market all week)
the20year: it's like everything else , once you screw the pooch it can't be undone
ThickAsThieves: no plan or rebranding can save them
greenspan_fan: not if they're planning to make people whole tho
nubbins`: can't recall the details
nubbins`: you can do it with infinite series too
greenspan_fan: that would make sense, because otherwise people who traded via bitcoin builder would be furious
ThickAsThieves: how the hell do you leak coins for years though
ThickAsThieves: so if it is true, then that means the lost coins are already priced in
nubbins`: now it's all left as an exercise to the reader
nubbins`: aww, i was going to prove it several different ways ;(
greenspan_fan: but I just don't have the heart
jayk: they were allowing trading up until today
greenspan_fan: I was going to pretend to disagree
nubbins`: brb, next best thing
nubbins`: was locked in an exam room for the actual event, didn't find out until hours afterwards
nubbins`: heh, i was smoking a joint outside the library at uni
greenspan_fan: interestingly enough, that's also where I was on 9/11
nubbins`: "i remember where i was when i found out mtgox was gone... sitting on my ass in front of the computer"
nubbins`: interesting times
gx: interesting point, they intentionally tried to tank the price so theyd be liable for less
Apocalyptic: KRS-One, can you get a registration date for the account ?
greenspan_fan: or visit DPR in prison? ... if you wanted to buy questionable coins in bulk
greenspan_fan: I wonder if it would be better just to buy mt gox?
ThickAsThieves: hell, this channel could muster a better offer than them
ThickAsThieves: Founder Good-Benefits - Creator of the first ever "401k for charity" • Worked at @Summit Partners, @Former Analyst at JPMorgan Investment Bank • Studied at @BC
Apocalyptic: <nubbins`> an asshole who wanted cheap coin for his business was the straw that broke gox's back // are you serious ?
nubbins`: an asshole who wanted cheap coin for his business was the straw that broke gox's back
ThickAsThieves: Bitcoin's decentralized, privately funded version of the FDIC. We reduce volatility for consumers while helping hedge funds invest in bitcoin.
nubbins`: honestly, i think this selkis guy completely fabricated the pdf and associated "story", for whatever reason, but then it grew legs, people started panicking and issuing statements, so gox (who knew it was only a matter of time anyway) decided now was as good a time as any to give it up
dexX7: did trading on gox stop?
greenspan_fan: which is the resume of every scam artist in the space
nubbins`: Duffer1: some guy who "leaked" this pdf.
nubbins`: ThickAsThieves: because the redactions (actually black highlights) have his name on them
gx: obviously they all know theyre steering a sinking ship
gx: fired off to someone for approval and then leaked
Apocalyptic: <nubbins`> but why is it so poorly written, // why is the all mtgox system so poorly written ?
ThickAsThieves: nub how did you determine it was him that redacte dit
nubbins`: but why is it so poorly written, why did the guy who "discovered" the doc redact a page?
ThickAsThieves: maybe the most fucked man alive
Apocalyptic: as unreal as it may appear, I think the doc is legit
ThickAsThieves: yeha that too
ThickAsThieves: i'm on the fence
nubbins`: Apocalyptic: i still think the pdf is fake, yes
Apocalyptic: you still think it's a hoax ?
nubbins`: browser is smart enough to not choke
greenspan_fan: they've wiped the entire page
ThickAsThieves: how do you even do that ?
greenspan_fan: it's loaded but there's nothing transmitted
kakobrekla: this is going faster than i thought ?
ThickAsThieves: they are thinking long term
ThickAsThieves: coinbase is worried theyll have less customers thats all
gx: which the gox guy just stepped down
gx: it's members of the btc foundation
greenspan_fan: how did they all get together and become confident enough to risk getting sued in the space of a couple hours?
the20year: i find it interesting they're doing it jointly with compeditors
ThickAsThieves: they dont know wha the fuck is what
greenspan_fan: you are way overestimating the intelligence of the silicon valley people
ThickAsThieves: to rmeove the insolvency accusation
ThickAsThieves: coinbase edited their blog post bug
nubbins`: ThickAsThieves: to make it seem legit.
ThickAsThieves: i cant add them either
Bugpowder: Coinbase has too much money invested in it now by serious people for this to be bullshit
greenspan_fan: because some of the columns don't seem to add up, or I'm reading it wrong?
ThickAsThieves: it's the least useful page
greenspan_fan: well they've got future projections etc.
ThickAsThieves: why redact it at all is the question
greenspan_fan: which would be, I think, the funniest thing since pirate
gx: am i reading that right
gx: ah, so that's why it's a hoax, someone just c+p their annual report to the last page to make it seem legit?
ThickAsThieves: it's gox we're talking bout after all
greenspan_fan: but if it is a hoax, and one of those 'startup ftw!' jackasses made it, then they might be sunk as well
greenspan_fan: but the funny thing is, it might be right anyways
nubbins`: gx: you can highlight the text and copy/paste
gx: is that viewable
gx: you talking about the last page of the document where everything is blacked out?
gx: greenspan_fan they forgot to mention the 200,000BTC they're gonna make w/ their cafe though. gotta weigh that in.
greenspan_fan: and the numbers are purely speculative for the future and drawn from mt gox's reports for the past