If history is any guide and assuming that you're in it for the profit, then it only really makes sense to sell when the price shoots up suddenly since it's almost guaranteed that it will come crashing down pretty soon afterwards. You'd have to be pretty quick though since ATHs rarely last more than a few hours to days at most.


But Bitcoin was supposed to be much more than that...

Satoshi would be so ashamed to see what our community has turned into.

Just kidding! I suppose most people are in it for the money nowadays. Heck, if Bitcoin was restricted to ideological types then it would be nowhere near as successful as it is today.

I admit I've never used Coinbase before but with day trading, I would think that your balance (both fiat and USD) would already be stored in the exchange itself with buy and sell orders being placed seconds after submitting them. So after the verification process and initial deposit, you would rarely need to send fiat to the exchange from your bank account, no?

Thanks for the answer.

I didn't realize Solve Media had so many issues. Would you say ReCaptcha is the best captcha then? (especially in regards to resistance to bots)

And donations were probably more of a factor back when there were fewer faucets and most of them weren't solely motivated by profit. I believe Gavin's original faucet subsisted solely through donations for most of it's existence.

Those who identify as transgender will probably have the same needs and requirements as those whose gender identity corresponds to the sex they were born with.


Sounds like a temporary problem then. Using Bitcoin today is much easier than using Bitcoin in 2013 which was much easier than using Bitcoin in 2012 which was much easier than using Bitcoin in 2011 which was... You get the idea. There will be more and more tech startups competing for the opportunity to bring cryptocurrency to the masses. I don't see why this trend won't continue. There are already several cryptocurrency-related services out there (e.g. GEMZ) which are aimed at women more so than men.

I edited your picture to make it more representative of what you might actually see since that newbie already has red trust and a signature and personal message that says "Sr. Member" (huh?):



Personally, it feels a little bit redundant but I can see how highlighting the rank could be useful. In any case, using escrow is recommended when you're dealing with other members regardless of whether they are newbies, junior members, full members, etc.

Wasn't there someone on the forums here who tried doing something like this? He was paying people to run a piece of software that would try to crack BTC addresses. I'll see if I can find that thread...

EDIT: Found it:

http://bitcointalk.org/index.php?topic=929196

I wonder what would happen if it was discovered that addresses could be stolen in this manner? Probably some kind of emergency hard fork would have to be done before the damage has a chance to spread. There would need to be a rollback of any transactions too.


Or a weak RNG.


Japan went from literally nothing to being a major superpower not only once but twice during it's history. It's possible that China could do the same.


I don't think it's possible to deduce a private key from a public key. It does weaken the security since it strips away an additional layer of encryption but not to the point where an address could be compromised.


An altcoin that rewards those who submit shares to a decentralized effort to crack Satoshi's wallets? That doesn't sound all that different from what Primecoin/Riecoin/Curecoin/Gridcoin/Foldingcoin are doing so it might just be possible.

It would be completely pointless though for reasons that have already been mentioned many times in this thread.




If the software is available for public download then it should be easy to confirm whether or not it's a virus.

Nicely explained.

I tend to agree with the idea that different miners have different qualities which may or may not be important depending on what it is you're after.

Didn't know there was a thing called "pod miners". I always wondered what that form factor was called.

That being said, if you consider that getting a payout from a pool is part of the experience of mining, then it might be a little bit disappointing if a miner never reached this limit. But it's not a huge deal personally and I'd much rather solo mine with stick miners anyway.

Ah, OK thanks for the explanation. I always assumed the requirement was universal. Never thought that as long as at least one of your sites have good content, you can place the ad even on pages/sites which lack high-quality content. I see that Freebitco.in also has AdSense ads and they're the largest faucet in the world so I guess that pretty much validates it then.

What leverage does is it amplifies risk and reward. You stand to gain much more with leverage but you also stand to lose much more as well. With 10x leverage and $1,000, your effective trading position would be $10,000. Because of this, a 10% drop would be enough to completely wipe your balance out (since 10% of $10,000 is $1,000) but on the other hand, a 10% rise would end up doubling your money (from $1,000 to $2,000).

Fortunately the problem of imposter accounts seems to be an eventually self-correcting problem since the pool of usernames which might resemble a trusted user would get smaller and smaller over time.


I retract the above statement because upon further analysis, I doubt even a warning message would have helped in the above situation I linked to:


So it's not completely foolproof although I suppose the presence of the warning itself might encourage people to become more vigilant in these situations.


The number of scams where it can be confirmed to be a scam without a doubt is actually quite small. Usually it's only when the scammer confesses that you can remove every other possibility.

That's a very simple way of looking at it but yes, in essence you are correct.

He paid $75,000 for the right to sell 10,000 bitcoins at $215 per bitcoin in three months. For example, if the price is $200 in three months then he will be able to make 15*10,000 = $150,000. Take away the $75,000 he spent to make the contract and he ends up $75,000 in profit.

Obviously the more the price goes down, the more OP profits. If the price happens to be $207.50 then OP's situation remains neutral. If it happens to be any higher than that then OP would have lost money (up to a maximum of the $75,000 he spent initially).

EDIT: In my explanation you quoted, I probably should have used "for $215 per bitcoin" than "for $215". My mistake.

Hmm... Didn't realize that. Perhaps that might explain why my faucets keep getting drained so quickly.

I'll probably be shifting to ReCaptcha and testing to see if it's any better. I've noticed that ReCaptcha sometimes doesn't check to see if a captcha was successfully filled in (i.e. you just press a button and the system analyzes your behavior/setup and determines whether or not you're a bot based on just that analysis alone). Email registration would be very annoying, and I'm not sure if many popular faucet scripts out there support that either (at least not out of the box I think).

Anyway, thanks for the help.


Doesn't AdSense require sites displaying their ads to be rich in content? I would have thought most faucet sites would fail this requirement.

I'm guessing this is only for cold storage though right? An implant that transmits a signal such as the pill in the OP's article would be a huge security risk since the signal could be "grabbed" from you and analyzed/copied at any time.


To be fair, an implant that doesn't transmit any signal could work quite well as a cold storage solution. The only way to access it would be if you were cut open. Or if you lost an arm, torso, etc. in some sort of massive traumatic injury.

Of course, the same problem also exists when you want to retrieve the funds too...


Retina scans can potentially be compromised by high-resolution photography.


Ah, OK. Well I guess that makes a bit more sense. Still I can think of more practical methods though.

Just out of curiosity but why don't you use captchas to generate income? Is it because you specifically choose not to or because their reward is too low for it to be worthwhile? I know Solve Media gives you a small reward for each successfully solved captcha and I haven't heard any complaints about their captchas being easily beaten by bots.

Donations, I can pretty much understand though.

I wasn't using a proxy. I think there might be some sort of geographical restriction which is redirecting non-Chinese IPs to a login page.

This is the page I get:

http://www.weibo.com/login.php

Anyway, thanks for the translation. It sounds like a variant of the CryptoLocker virus.


If it's anything like the CryptoLocker trojan, then yes, it would need to be run.


Again, I'm only familiar with CryptoLocker but if it's anything similar then it should be Windows-specific. Malware which can infect OS X and Linux are quite rare.


It's also recommended to have backups of your backups.

And even that isn't necessarily going to be 100% successful. Stefan Thomas who is a Bitcoin core developer once lost a substantial amount of BTC because both his backups managed to fail simultaneously:


Link: http://bitcoinmagazine.com/4628/bitcoin-self-defense-part-i-wallet-protection/


Basically this is correct. The Wikipedia article goes into more detail about the issue with extensions:


Not to mention Acrobat Reader can also have vulnerabilities of its own which can be exploited if left unpatched:

http://www.cvedetails.com/vulnerability-list/vendor_id-53/product_id-497/Adobe-Acrobat-Reader.html

5 licenses per year? So does that mean that only 5 copies of the software will be sold per year?

How will the selling process work? Will there be a public auction?

Also, I don't see how it would be possible to prevent people from reselling the script especially in the context of the darknet.

Aren't implementing captchas enough for this? Which ones would you recommend? I've been using Solve Media and ReCaptcha. And what other anti-bot measures are there (apart from captchas) that a faucet owner could choose to implement?

Bitcoin can be made near-perfectly anonymous but I doubt most people are going to have the know-how to accomplish that. Point is, people are lax about their security and can't really be trusted to conceal their identity. Just look at this forum for instance. Sockpuppets are being unmasked all the time often via taint analysis but sometimes it's been the case that people have reused the same address over and over multiple times. The anonymity/pseudoanonymity doesn't really factor into it IMHO and if the authorities were really determined to unmask someone's identity, they would be able to do so successfully in 99% of cases.


And what would prevent the authorities from going after this company then? As well as shutting it down, confiscating logs, etc.

That's actually higher than I had expected. I've used a-ads in the past and was able to make barely over 5 cents. I agree about the potential thing. Weebly is OK, and there are blogs hosted on Blogger (another free website creation platform) which have been quite successful in the past but the site would look more professional and attractive to potential buyers with a nicer template and without the Weebly branding.

Anyway, good luck with your sale.


Installing WordPress usually requires you to sign up to a paid hosting contract. WordPress.com is free but it doesn't allow ads (instead they place their own). There are free hosts out there but they're not very good and most have ads (not yours but theirs).

Ah yes, before I knew about SatoshiDice having an off-chain game, I always wondered how they were able to block US-based players since I thought only their on-chain game existed.

Also, everyone in this thread is just posting either their own dice site or the one they have in their signature. There doesn't appear to be any consensus at all as to what dice site other than PD and JD are considered the most trustworthy.

DaDice has been mentioned a few times but they are far too new to be considered trustworthy IMO no matter how popular they become. They definitely have potential though and if they manage to continue operating for a while longer without any major issues, then I suppose they could eventually become a very important player in the field.

Biggest problem I see is that PD and JD exited the US market for a reason and any dice site that grows big and trustworthy enough will want to avoid the US market for the same reasons too unless they want to become a target for authorities.