Until you have every losing bid, you can't make these claims.
Can't reply, so I'll add it to this comment. As stated by others, the only way to purchase a large amount of bitcoins without jacking up the price is to do it in one large sum. By bidding over market price, he ensured that he would get this chunk of 30k coins without affecting the market.
If he had bought that many on the open market it would have driven the price up by a large amount. Just go look at the current order book on Bitstamp.net one of the major exchanges. There are only about 5k coins on offer and many of those are for prices well above market.
That's a terrible indicator. Unless the guy was a complete moron, he wouldn't just submit an order to the market to buy 30k coins at the market price. It would be trickled over the process of a couple of weeks.
By your same logic, the coins he bought are hardly worth anything because if he tried to sell them it would just crash the price. There is only about 5k worth of buy orders in the book at the moment.
In fact, if he paid above market price, it would be in his interest to make sure the number got 'leaked' to encourage rampant speculation to drive up the price beyond what he paid.
Yeah, that's the point. You would have to go through a lot of work slowly buying coins over several weeks to get to 30k and even then it would affect the price. So it makes sense to bid a little high and get them all in one go.
What 'work'? It would be trivial to just keep setting small orders until you reach your target. With how volatile bitcoin is there is no reason to chase the price up.
They don't seem to show their whole order book on that page. If you look at the cumulative depth chart at http://bitcoinity.org/markets/bitstamp/USD, it currently shows over 12K BTC asks. Buying all that in one fell swoop would drive the price to over $4000 though.
>Vaurum has launched trading platforms in emerging markets, and we will be partnering with Tim to leverage the pool of 30,000 bitcoins as a liquidity source
I was curious too about the battery life and then pleasantly surprised.
"When asked about battery life, reps told me that it should last 36 hours in always-on state, and even longer if you opt to turn the screen off -- there's a companion app that you can download onto your Android device, and it gives you a few settings."
I have a Pebble and it lasts several days (whenever I go on holiday, I don't bring the charger) and yet because it is another device I find myself charging it daily anyway. I plug my phone in, my tablet in, and then my watch in every night.
The difference with a watch is that I don't really want to take it off my wrist all the time just for charging. If there was some kind of wireless charging mechanism then I'd happily wear one. And I'm not talking about the wireless charging pads where you still have to take the watch off to charge -- we need something that can charge the watch just by being inside the room or house.
Perhaps inductive charging can make this process less annoying - an inductive charge-plate on the nightstand, dump all your gadgets there without plugging anything in.
Earlier rumors were that the Moto 360 will use Qi charging. Qi still usually requires per-device charging positions and semi-precise placement to work, though. It's just a "just dump it in this general direction" technology, unfortunately.
