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

[HairyMaclairy]

Looks like he / she made a few bucks with that.  TA...

[niothor]

Sorry for the OT, but does anyone here remember who discovered "Willy" and when?

I wrote this article: http://www.reddit.com/r/Bitcoin/comments/1zdnop/peter_rs_theory_on_the_collapse_of_mt_gox/ and credited Willy's discover to my fellow Wall Observers here.  However, paleh0rse from Reddit claims priority but hasn't shown me convincing evidence.  

We were talking about Willy as early as December, right?  

Gox also appears to have some kind of in-house bot with access to the exchange still and it is still buying, hahaha. This bots seems to be the 15btc buy bot that has been around for a while trying to push the price upwards every 5-10 minutes.

that's the oldest i remember when the bot was the only one trading

[cbutters]

Well anybody think that there is more $$$ to throw a few more walls up by "wall guy"? pretty epic that he took us out of the downward trend line finally...

[KeyserSoze]

Ground Control to Shuttle Karpeles. Uhhh... we just got an O-ring alert on rocket #3. Launch has been delayed. We're gonna have Hal open the pod bay doors and take a look. Sit tight and we'll see if it's just a delay or a postpone.

[debani]

Some people in IRC suggested looking into identity theft protection if you were a registered Gox customer since there is a good chance that the 20GB contains customer information:
nanashi____: there is photocopy of passport and so on
nanashi____: in this files
nanashi____: but they dont share

[MelMan2002]

Well anybody think that there is more $$$ to throw a few more walls up by "wall guy"? pretty epic that he took us out of the downward trend line finally...

That is probably the only reason he did it - to try and convince people that the trend was over.  But so far it looks like nobody is buying it...

[cbutters]

Well anybody think that there is more $$$ to throw a few more walls up by "wall guy"? pretty epic that he took us out of the downward trend line finally...

That is probably the only reason he did it - to try and convince people that the trend was over.  But so far it looks like nobody is buying it...

yeah, you would think he would hide it in lots more smaller trades to make it look more natural if that was his goal, he might have had more people convinced than just flashing his wall around

[Nicholas-Carraway]

Was hoping someone would have stepped in front of him...Wake me up if he's back again in the next two hours, kinda doubt it though.   Zzzzzz

[Tyson95]

Was hoping someone would have stepped in front of him...Wake me up if he's back again in the next two hours, kinda doubt it though.   Zzzzzz

He did it last monday/tuesday he'll be back.

[HairyMaclairy]

By my rough numbers he only earnt about $10k USD on that move. Good for a flat market though.

[KeyserSoze]

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

Due to my highly respected influence in the community, the Bitcoin Foundation has wisely begun UNfounding.
http://www.reddit.com/r/Bitcoin/comments/1zepdf/peter_vessenes_and_jon_matonis_to_resign_at_the/

[SilverandBitcoins]

"I am pretty confident we are the new wealthy elite, gentlemen."

I'm not an early adapter...and I'm not wealthy, but I love this quote just like I love when there are lots of pictures of trains saying choo choo .......mf!

[FullLife]

For some reason... maybe its all the ATM announcements on reddit...maybe its GoWest's capitulation email...
but I've got this feeling all my BTC "swaps currently provided" on bitfinex are going to be cleared out 24 hrs from now...

Right when I was getting used to making a bitcoin daily in interest...

You're risking a lot to earn that 1 BTC in daily interest.

[KeyserSoze]

"I am pretty confident we are the new wealthy elite, gentlemen."
I'm not an early adapter...and I'm not wealthy, but I love this quote just like I love when there are lots of pictures of trains saying choo choo .......mf!

Poor Atlas really took a lot of grief.

[HairyMaclairy]

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

Due to my highly respected influence in the community, the Bitcoin Foundation has wisely begun UNfounding.
http://www.reddit.com/r/Bitcoin/comments/1zepdf/peter_vessenes_and_jon_matonis_to_resign_at_the/

Don't let the door hit you on the way out.

[isov]

Can someone tell me is it about bitcoinwisdom or something I accidentally did when its like the resolution of btcwisdom changes? Moment a go 1-day chart was showing to stages of november bubble but now 1-day chart only shows to that january uptrend? Like the resolution of the chart has fallen. Haven't touched screen resolution settings or anything like that.

[jojo69]

any reports from the Gox call center yet?

[ChartBuddy]

Explanation

[jl2012]

So they lost 2.8B JPY = 26M USD, PLUS 750000BTC. That's totally fucked up and completely hopeless

ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION

MtGox Co., Ltd. made today an application for commencement of a procedure of civil rehabilitation (minji saisei) at the Tokyo District Court. This application was accepted on the same day. Further, MtGox Co., Ltd is under several orders issued by the Court : a preservative order prohibiting it from paying its debts, transferring its assets or establishing security over its assets, an order establishing a comprehensive prohibition of forced attachment of its assets by its creditors and a supervisory order ordering supervision by a supervisory committee. In consequence, MtGox hereby informs you as follows.
We first express our most sincere regrets and apologies for this situation and for causing so much inconvenience to all our users and other interested parties. We will fully respect the above orders and maintain our assets with all the necessary care.

    Financial situation, reasons and timeline leading to this application

        (1) As of now, the liabilities of MtGox Co., Ltd exceed its assets and its financial situation is as follows:
        Total amount of assets   3,841,866,163
        Total amount of current liabilities   6,501,119,371

        (2) The increase of current liabilities may be linked to a loss of bitcoins and customer funds. These are now investigated by an expert and all efforts are made to discover the truth. This application was prompted by the following troubles:

        At the start of February 2014, illegal access through the abuse of a bug in the bitcoin system resulted in an increase in incomplete bitcoin transfer transactions and we discovered that there was a possibility that bitcoins had been illicitly moved through the abuse of this bug.
        As a result of our internal investigation, we found that a large amount of bitcoins had disappeared. Although the complete extent is not yet known, we found that approximately 750,000 bitcoins deposited by users and approximately 100,000 bitcoins belonging to us had disappeared.
        We believe that there is a high probability that these bitcoins were stolen as a result of an abuse of this bug and we have asked an expert to look at the possibility of a criminal complaint and undertake proper procedures.
        On the same day (24th), we found out large discrepancies between the amount of cash held in financial institutions and the amount deposited from our users. The amounts are still under investigation and may vary but they approximate JPY 2.8 billion.
        We are investigating the causes of these problems. Since there are probably a variety of causes including hacking by third parties, we need to investigate a huge amount of transaction reports in order to establish the truth. As of this date, we cannot confirm the exact amount of missing deposit funds and the total amount of bitcoins which disappeared.
        Once we discovered that bitcoins had disappeared and the discrepancies between cash funds and deposit balances, we judged that it would be difficult to continue our activities normally and we therefore closed our site at noon on the 25th (Japan time).

        (3) Regarding the filing of a complaint or damages report, an expert has been mandated and investigations have started. We will make all efforts to ensure that crimes are punished and damages recovered.
        Further we will fully cooperate with inquiries from authorities and investigations related to this matter, in Japan or overseas.

        In order to increase repayments to our creditors, it is necessary to explore the possibility of having MtGox Co., Ltd. continue its business. This is why the civil rehabilitation procedure has been chosen, Rebuilding MtGox Co., Ltd under the supervision of the court in a legally organized procedure while giving proper explanations will not be for the sole benefit of the company but for that of the whole bitcoin community.
        All efforts will now be made to restore the business and recover damages to repay debts to creditors. We hope for the understanding and cooperation of all.
    Outline of the application
        (1) Application date February 28, 2014
        (2) Jurisdiction Tokyo District Court
        (3) Counsel of applicant

        Baker & McKenzie (Gaikokuho Joint Enterprise)
        Attorney-at-law Junko Suetomi
        Attorney-at-law Yamamoto Hideyuki
        Yodoyabashi & Yamagami Legal Professional Corporation
        Attorney-at-law Akio Shinomiya
        Attorney-at-law Kazumasa Kawai
        (4) Supervisor Nagashima Ohno & Tsunematsu
        Attorney-at-law Nobuaki Kobayashi
        (5) Investigator idem
        (6) Case no. 2014 (sai) 12Civil rehabilitation commencement application

    Contact information

    A call center has been established to respond to all inquiries. The call center is planned to start on March 3, 2014. All inquiries to MtGox Co., Ltd. should be made to the following telephone number:
    Telephone number   +81 3-4588-3921
    Working hours   Monday to Friday 10am to 5pm (Japan time)

    Please refrain from contacting the office of the supervisor/investigator.

[N12]

Lose >99% BTC
Lose >40% fiat
Lose database along with customer identity data

Well, Emptygox couldn't possibly have done a much worse job than this.