Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead

[brooks85]

Its no longer viable unless your wiilling to spend upward of 20k as the processing power required is huge...

So hows that fiat currency treating ya Pal...

Welcome to world of business, it takes investments if you want to play the game intelligently.

The fiat currency is doing me great, especially since your bitcoin is based off it.

[retard]

Hi XXXX,

Good news. You can now buy and sell more bitcoin on Coinbase.

We've raised your limits to the following:
Buy Limit: 85.95 BTC per day
Sell Limit: 85.95 BTC per day

You can view these limits at any time from the verifications page.

You can visit the buy page now to start a new purchase.

Thank you for choosing Coinbase!

Kind regards,
The Coinbase Team


Very strange. All I had to do is make a few critical posts and my limits went from 5 a day to 85. So I grabbed 25 let's see if the curse of the forum takes over from here.

I got the same message 2 days after I ordered the 3 bitcoins in the screenshot below.


They ''raise my limits'' But cancel my order when btc went from 100$ to 700$

[ACoochy]

Welcome to world of business, it takes investments if you want to play the game intelligently.

The fiat currency is doing me great, especially since your bitcoin is based off it.

18 trillion

Yeah you lot certainly do business the 'intelligent' way...

[SBR_John]

I got the same message 2 days after I ordered the 3 bitcoins in the screenshot below.


They ''raise my limits'' But cancel my order when btc went from 100$ to 700$

Sorry to hear that. You got me a little nervous. I bought over 100 and so far they have only made 11 available. They did not have the huge run up yours did but they are up a chunk. Did they take the money from your account and then cancel your order? They got my money so there is no way they can claim non performance.

[manny24]

actually unreal

[SBR_John]

http://finance.yahoo.com/blogs/daily-ticker/stakes-rise-for-coinbase-as-hackers-attack-bitcoin-154717839.html

A short, interesting Bitcoin vid.

[Itsamazing777]

Warren buffet slamming bit coin Says it will disappear.

[Itsamazing777]

Sell sell sell!

[tb1984]

Acoochy,

What are things that you've used Bitcoins for?

[brooks85]

18 trillion

Yeah you lot certainly do business the 'intelligent' way...

yeah im the one who put the country 18 trillion in debt.. lol

anyways I actually looked into mining bitcoins before I decided juice aint worth squeeze and rightfully so because that was when bitcoin was in the 1000s so all the ASIC crap for mining was priced based on that. I don't follow it anymore so I don't know if there is more or less people mining now than 3 months, but it would make sense that there is less now on top of prices being cheaper for ASIC.

So again, if someone has faith in bitcoin long term mining is the way to go. I've deleted all the info I gathered but there is an online calculator out there that will calculate the cost of mining based on all the factors; electricity cost, bitcoin price, hashrate etc. I remember the ASIC miner I was going to buy would have taken less than a month to pay for itself and that was just one, I was planning on buying many.

[ACoochy]

Acoochy,

What are things that you've used Bitcoins for?

Just buying and selling mostly tb. If I wanted to i could sell items online and take bircoin as payment.

Places like SR don't interest me (although have heard from solid sources that that place had the best yayo and other stuff ever lol)...

For me its more ideological pal and in a world where conformity is rule and yhe squeeze on those that are disempowered the most becomes tighter it's refreshing to see that there are a large community of people who want something different aka real changr and not just some obama catchphrase...

[SBR_John]

Warren buffet slamming bit coin Says it will disappear.

He said the same thing about computers. He's old school and bitcoins are definitely NOT old school.

[Optional]

Is this true about 1 in 20 bitcoins being stolen/lost?

http://www.dailytelegraph.com.au/business/markets/bitcoin-exchange-boss-autumn-radtke-found-dead-of-suspected-suicide-in-singapore/story-fni0d7jf-1226846560794

It is the latest in a spate of bad news for bitcoin, founded in 2009, and follows the collapse of the Japanese-based Mt Gox exchange last week after $400 million went missing and the closure of the Flexcoin bank yesterday in Canada after computer hackers robbed $600,000.

As soon as Mt Gox was set up, it started to fall victim to bank heists, with one in every 20 bitcoins in the world disappearing.

[SBR_John]

Is this true about 1 in 20 bitcoins being stolen/lost?

http://www.dailytelegraph.com.au/business/markets/bitcoin-exchange-boss-autumn-radtke-found-dead-of-suspected-suicide-in-singapore/story-fni0d7jf-1226846560794

It is the latest in a spate of bad news for bitcoin, founded in 2009, and follows the collapse of the Japanese-based Mt Gox exchange last week after $400 million went missing and the closure of the Flexcoin bank yesterday in Canada after computer hackers robbed $600,000.

As soon as Mt Gox was set up, it started to fall victim to bank heists, with one in every 20 bitcoins in the world disappearing.

What doesn't kill em will make them stronger. Yea hackers have had a field day but the holes are being plugged and all the bad news that has come out has not slowed them down. Still up 500% in the past 6 months. Unlike paper money that is printed like there is no tomorrow bitcoins are finite. There will only be 21 million. That's pretty much what makes them special.

[Optional]

I'm surprised there is still confidence the bitcoin architecture can be made secure.

But agree the price holding up somewhat does suggest that is the case.

[ACoochy]

I'm surprised there is still confidence the bitcoin architecture can be made secure.

But agree the price holding up somewhat does suggest that is the case.

Theres untold billions in forged notes floating around the world yet we still see it secure...

Perception my friend...

[SBR_John]

The risk vs reward ratio is clearly on the side of the holders imo. If they continue to be accepted the price will not just increase, it will soar. It's a high risk, high return play. If they become even minimally mainstream the value could increase 20 fold. They have already gone from a few cents to over $600 and during that time they have mowed past every bit of bad news imaginable.

[ACoochy]

The risk vs reward ratio is clearly on the side of the holders imo. If they continue to be accepted the price will not just increase, it will soar. It's a high risk, high return play. If they become even minimally mainstream the value could increase 20 fold. They have already gone from a few cents to over $600 and during that time they have mowed past every bit of bad news imaginable.

Agree.

National media over here is pulling out all stops in a scare campaign to ward off potential investors about bitcoins weaknesses yet the price is holding steady.

Just shows how much faith those within the community have for this 21st century currency

[jjgold]

A bitcon exchange owner got killed on Singapore yesterday

Look it up

Price holding steady

[cecil127]

actually killed feb 28th but we didn't hear about it til yesterday?

[cecil127]

Agree.

National media over here is pulling out all stops in a scare campaign to ward off potential investors about bitcoins weaknesses yet the price is holding steady.

Just shows how much faith those within the community have for this 21st century currency

wheres "overhere"? don't hear too much in the american press i will say that.

[gauchojake]

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

pretty irresponsible journalism IMO

[PAULYPOKER]

.

[ACoochy]

Pauly delete that post NOW!!!

[SBR_John]

Still fading since popping through $700, now down at $645 at Coinbase. For those looking for a trade I like $627ish area for a buy and the $605 area as a get out of town stop loss.

[ACoochy]

.

[Optional]

http://mag.newsweek.com/2014/03/14/b...-nakamoto.html

pretty irresponsible journalism IMO

Check out what they are doing to him now

http://media.smh.com.au/featured/satoshi-nakamoto-denies-bitcoin-involvement-5239799.html

[SBR_John]

It's a fabulous mystery. One has to wonder why he would stay in the shadow? A book deal and movie deal alone would be worth $50 million. Speaking engagements would be $300k. The invention itself is Nobel Prize worthy of consideration.

[bruins35]

The risk vs reward ratio is clearly on the side of the holders imo. If they continue to be accepted the price will not just increase, it will soar. It's a high risk, high return play. If they become even minimally mainstream the value could increase 20 fold. They have already gone from a few cents to over $600 and during that time they have mowed past every bit of bad news imaginable.

couldn't agree more sharp post john

[gauchojake]

It's a fabulous mystery. One has to wonder why he would stay in the shadow? A book deal and movie deal alone would be worth $50 million. Speaking engagements would be $300k. The invention itself is Nobel Prize worthy of consideration.

he seems a little aspie. He probably doesn't like talking to actual people (kind of like half of your users)

[SBR_John]

Better or worse I'm back in buying this dip. Just grabbed a slug at $620. I think they hold $605 but momentum certainly on the downside.

[Optional]

It's a fabulous mystery. One has to wonder why he would stay in the shadow? A book deal and movie deal alone would be worth $50 million. Speaking engagements would be $300k. The invention itself is Nobel Prize worthy of consideration.

It is! Worthy of a book too.

I think I chatted to him online in about 2006 about the project. The way that article described him just cutting off communication when he didn't like something was exactly what happened with us.

If it was him, the reason there is no record of his work during the 2000s is because he was running a series of ponzi hyip investment schemes. And that is the real reason he wanted to develop a virtual currency, as that business is even tougher to transfer money around than offshore gambling sites.

Plus he was a rebel who wanted to beat the authorities and banking system. Nothing very altruistic came across to me. IF it was him of course.

[SBR_John]

Meanwhile...Trading has been subdued and limited to a tight ban between $610 to $635 with most the action coming between $617 and $625.

I was disappointed it couldn't hold the $640 level. Kind of looks like we are close to bottoming around that magical $605 level. There are a lot of bids around $600. https://www.bitstamp.net/market/order_book/

[wagerjunkie]

Author

Topic: NSA, CIA, FBI took control of Bitcoin (Read 3283 times)

predicJr. Member Activity: 59 Ignore NSA, CIA, FBI took control of Bitcoin December 16, 2013, 06:47:42 PM #1 When FBI sized SilkRoad, they seized also 174 000 bitcoins. Today 1 BTC is about 560 euro, so, we can imagine how much money FBI will profit from selling bitcoins. NSA, CIA, FBI are coming in the world of digital currency, bitcoin, through company called Coinbase. This company offer online wallet for bitcoin users, similar to MtGox. Coinbase lets users to create a Bitcoin wallet and start buying/selling Bitcoin by connecting their bank account, now they have about 600 000 online wallets and they say daily 10 000 people sign up. In May they had 130 000 wallets, so, coinbase uses all investment to make marketing, even easteuropean medias publish article about Bitcoin almost every day. Coinbase is created in June 2012 by Brian Armstrong and later Fred Ehrsam became CEO too, Fred worked for Goldman Sachs. In Sept.2012 Coinbase received $600k in Seed funding and in May 2013 received $6.11M in Series A funding. In December Coinbase received $25M in Series B funding. When I visited page About at Coinbase website, I had what to see. There is list of investors and I checked just 2 of them and the both worked for NSA. Greg Kidd worked for Booz Allen which is sub-contractor of NSA, Edward Snowden worked also for Booz Allen. Garry Tan is a Partner at Y Combinator and earlier he worked for Palantir. Palantir created Prism software for NSA, Palantir is worth $9 billion and in December 2013 they raised another $107.5 million. Their clients are NSA, CIA, FBI and banks. Investment bank Morgan Stanley & Co. earned a $7 million commission on the funding round. Palantir was founded in 2004 by Peter Thiel, the investor and PayPal co-founder, and Alex Karp. Its last funding round, of $196.5 million, was in September. Backers include Thiel’s Founders Fund and the CIA’s venture arm, In-Q-Tel. Other investors are: SV Angel, IDG Ventures, Union Square Ventures, Y Combinator. Adam Draper, Ribbit Capital, Start Fund, FundersClub. The newest investment in Coinbase, mentioned 25M in Series B funding, has been led by Andreessen Horowitz with participation from investors Union Square Ventures and Ribbit Capital. This money will be used to attract more people to use Bitcoins. But again, partner manager in Union Square Ventures is Brad Burnham who is co-founder of advertising company Tacoda that spies our browsing habits the same as Google and Facebook, and he is manager at AT&T Intellectual Property which invest in business of interest for AT&T which again cooperate with NSA. Last days American politicians started to tolerate bitcoins, if it is not conflicting with anti money laundering policy, it means politicians are now corrupted with help of this millions. The largest bank in the US, JPMorgan, has filed a patent for an electronic currency with many similarities to bitcoin, it means, bitcoin will get competition from very rich bank, JPMorgan doesn’t need to collect millions, they have it already, it means they can kill bitcoin with their new currency, but they will need time for that. Chinese politicians decided to refuse bitcoin although they didn’t forbid it, therefore bitcoin value dropped from 1000 Dollars to 700 bucks. But after this investment of 25M, its value will rise. And when they get more users of bitcoins, investors will profit because they can make fictive transactions at exchangers and they decide what is the value of bitcoin. When they invested 6M, BTC value jumped from 150 euro to 800 euro, we will see now how much it will jump after 25M investment. It will surely jump because in that speculative way, investors make big profit, but they must attract people to buy bitcoins, to use it. But when investors are right hand of NSA, I can be speculative the same as BTC and say: it is very possible that bitcoin software developers are paid to make lower level of anonymity of users of bitcoin. Beside investors, and people are using BTC more as commodity than as digital currency, it means they keep BTC waiting that it changes its value so they can sell it and make profit. 80% of Coinbase’s 610,000 customers now holding bitcoins in their digital wallets, but not using them for conducting commerce. But back to anonymity and NSA. MtGox already long time ago demanded verification of identity. Mt.Gox is a Bitcoin exchange based in Tokyo, it was established in 2009 as a trading card exchange, but rebranded itself in 2010 as a Bitcoin business and was, for a time, the largest-volume Bitcoin exchange. MtGox was originally created by Jed McCaleb in July 2010, and was sold to Tibanne Co. in Japan in March 2011. It is currently operated by Tibanne Co.Ltd. managed by Mark Karpeles. Several traders in the Bitcoin community are reporting severe delays to the point of outright non-payment when requesting withdrawal of funds from Mt. Gox since April 2013. On 2 May 2013 CoinLab announced that it was suing Mt. Gox for $75m for breach of contract. On 15 May 2013 the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US. Now NSA investors overtook American market for bitcoins, so, people are under control. Jed McCaleb (or Satoshi Nakamoto hahaha) is now making an alternative to Bitcoin known as Ripple. Ripple comes with its own digital currency called the XRP. Ripple Labs has taken $3 million in investments from venture capitalists such as Andreessen Horowitz and Google Ventures. They try to find companies willing to act as money transmitters for a brand new digital currency, bitcoin is there several years and they created network which Ripple must create now. Jed split from Ripple Labs back in July (he is still on the Ripple Labs Board of Directors). But he and the other two company founders collectively own 20 billion XRPs, so he stands to benefit a lot if everything works out. Andreessen Horowitz is a $2.5 billion venture capital firm that was launched on July 6, 2009. Marc Andreessen, Ben Horowitz, John O’Farrell, Scott Weiss, Jeff Jordan, and Peter Levine are the general partners of the firm. I checked now just one of them and I found out O’Farel had earlier company Silver Spring Networks, O’Farrell led the company’s $90 million Series D fundraising led by Kleiner Perkins Caufield & Byers which is connected with NSA. Among others, his CV says that O’Farrell held general management, marketing and consulting positions in the Booz Allen Hamilton.

[wagerjunkie]

Bitcoin firm CEO found dead after ‘suicide’

By Michael Gray
March 5, 2014 | 9:34am

Modal Trigger

Autumn RadtkePhoto: Linkedin

It appears bitcoin’s recent turmoil has claimed its first life.
Autumn Radtke, a 28-year-old American CEO of bitcoin exchange firm First Meta, was found dead in her Singapore apartment on Feb. 28.
Local media are calling it a suicide, but Singapore officials are waiting for toxicology test results.
Radtke formerly worked with Apple and other Silicon Valley tech firms on developing digital payment systems.
Radtke’s death brings the number of questionable financial-sector deaths this year to eight.
Modal TriggerPhoto: Facebook

On Feb. 18, a 33-year-old JPMorgan finance pro leaped to his death from the roof of the company’s 30-story Hong Kong office tower.Li Junjie’s suicide marked the third mysterious death of a JPMorgan banker. So far, there is no other known link between any of the deaths.
Gabriel Magee, 39, a vice president with JPMorgan’s corporate and investment bank technology arm in the UK, also jumped to his death, from the roof of the bank’s 33-story Canary Wharf tower in London, on Jan. 28.
On Feb. 3, Ryan Henry Crane, 37, a JPM executive director who worked in New York, was found dead inside his Stamford, Conn., home.
A cause of death in Crane’s case will not be determined until a toxicology report is complete, according to a spokesperson for the Stamford detectives division.
The report is expected within two weeks.
Two other bankers have also taken their lives outside of JPMorgan.
On Jan. 31, Mike Dueker — chief economist at Russell Investments and a former Federal Reserve bank economist — was found dead at the side of a road that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.
On Jan. 26, William Broeksmit, 58, a former senior risk manager at Deutsche Bank, was found hanging in a house in South Kensington, according to London police.