Bitcoin Forum
May 24, 2024, 12:52:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
101  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 03:46:42 PM


Advise you don't mine till this is sorted out.

So we just miss out?
102  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 03:46:08 PM
Yeah I keep finding blocks but there is nothing in the client!
103  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 03:28:51 PM
Well I'm GPU mining now...
rpcuser=youruser
rpcpassword=yourpassword
rpcallowip=127.0.0.1
rpcport=39052
104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 03:12:58 PM
oVGbCvafjw8w9xTrYDpFQBZk76QZurWX5F
105  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 02:29:11 PM
Does anyone know if the pool is working at least?

I guess not as Pool Hashrate

0.00 MH/s
106  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 02:21:44 PM
the github was up 8 minutes before launch
107  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 02:18:59 PM
If the Windows wallet is any later you're going to have to have a relaunch mate.
108  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin on: April 24, 2014, 02:16:38 PM
bloody hell mate.. I had some trouble getting my GPU working in Linux could only get sgminer going on the inbuilt graphics and I couldn't get Linux to start with the GPU as my primary display... so I gave up and booted into Windows 7. Now the Windows wallet is late and the Linux guys are getting all the blocks...
109  Alternate cryptocurrencies / Altcoin Discussion / Re: does anyone know why vtc is so strong on: March 23, 2014, 08:49:45 AM
Thirtybird has had a lot of success mining YAC with R7 GPUs.

YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.
There are another two big N factor increases scheduled for this year.

Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.

https://bter.com/trade/yac_btc

https://www.cryptsy.com/markets/view/11

YAC has been largely forgotten in the excitement of the other new coins but it will deliver.

The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains.

110  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PCN] ProCoin launches 14th of March, Huge Rewards in March & April on: March 15, 2014, 02:13:22 AM
OK so we all just wasted our time on this?
111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PCN] ProCoin launches 14th of March, Huge Rewards in March & April on: March 15, 2014, 01:47:56 AM
oh  crap... I'm not having much luck lately.... this is a brand new GPU ASUS R9 X290 Direct CUII and I tweaked the settings to get about 800/khs. I started the miner before going to bed and kept it running in my room and it was hell trying to sleep with the fans running but as I was really tired I managed to fall in and out of sleep.

Does anyone know what caused this?
112  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PCN] ProCoin launches 14th of March, Huge Rewards in March & April on: March 15, 2014, 01:37:34 AM
Does anyone know what happened to http://pcn.sumpool.com/ ?

I am a little annoyed because I went to sleep with my miner running and now in the morning I can't reach the pool. I chose that one because it had the lowest latency from my location.
113  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: March 05, 2014, 09:14:51 AM
http://pastebin.com/jES4zEuf

April 12, 2013 Mtgox starts an AMA on reddit.  States 90-95% of coins are cold storage and does not run a fractional reserve. (either we assume he is solvent here or he’s been running a fractional reserve since June 2011’s hack)
http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dpwct
https://www.facebook.com/MtGox/posts/443093862439476 (proof of date of AMA)
https://bitcointalk.org/index.php?topic=23938.msg1177353#msg1177353 (security practices dated 9/10/12)

May 14, 2013 Mtgox’s dwolla account is seized by Dept of Homeland Security for violating money transfer regulations.  (it is revealed in Nov 2013 that the real motivation for the seizure was part of a larger operation to take down Silk Road)
http://techcrunch.com/2013/05/16/mt-gox-dwolla-account-money-seizure/
http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/

May 30, 2013 Mtgox now requires all users who deposit or withdraw fiat to verify their accounts.
“Until now, Mt. Gox has tried to strike a careful balance between anonymity and money laundering laws, allowing anyone making trades under $1,000 to do so without a verified account and only demanding identification for larger trades. “
http://techcrunch.com/2013/05/16/mt-gox-dwolla-account-money-seizure/

October 2, 2013 Dread Pirate Roberts (DPR) is arrested and Silk Road is shut down.
http://www.forbes.com/sites/alexkonrad/2013/10/02/feds-shut-down-silk-road-owner-known-as-dread-pirate-roberts-arrested/

Dec 20, 2013 Three Silk road 2.0 employees are arrested in a global coordinated crackdown on the darkweb drug marketplace.
http://www.forbes.com/sites/andygreenberg/2013/12/20/at-least-two-moderators-of-the-silk-road-2-0-drug-site-forums-arrested/
http://www.forbes.com/sites/andygreenberg/2013/12/20/feds-indict-three-more-alleged-employees-of-the-silk-roads-dread-pirate-roberts/

Dec 21, 2013 131,000 bitcoin days destroyed.
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&show_header=true&daysAverageString=1&timespan=&scale=0&address=
http://www.reddit.com/r/Bitcoin/comments/1tfcad/there_were_an_awful_lot_of_bitcoin_days_destroyed/?utm_medium=twitter&utm_source=Fancy+Show+Tech

Jan 26, 2014 Charlie Shrem is arrested for money laundering for Silkroad using his company Bitinstant in connection with Mtgox.
“Shrem then filled the orders by transferring funds into an account controlled by Faiella and hosted on a third-party, Japan-based Bitcoin exchange. Together the two allegedly sold over $1 million in bitcoins to Silk Road users,”
http://business.time.com/2014/01/27/bitinstant-ceo-charlie-shrem-arrested-for-alleged-money-laundering/
 
Jan 30, 2014 date of meeting between Japanese Mizuho bank and Karpeles.  Karpeles acknowledges Bitinstant users are being investigated and that he's investigating money laundering cooperatively with us gov.  Banking representative informs Karpeles they will be closing his Mtgox account soon.  Karpeles asks why since he is following all rules and regulations but receives vague answers.  Jan 30, fits the timeline of banking issues after Shrem got arrested.
http://picosong.com/Y7di/ (original audio) (audio file was leaked anonymously on March 3, 2014)
http://www.reddit.com/r/Bitcoin/comments/1zepgt/mark_apparently_leaked_conversation_with_a_bank/cft1kgq (japanese conversation is translated)

Sometime between Feb 1- Feb 24 DOJ issues subpoena to Mtgox.  http://www.businessinsider.com/report-mtgox-subpoenaed-by-us-prosecutor-2014-2
 
Feb 5, 2014  former bitinstant users are now required by gox to verify id by mailing notarized documents by mail to Japan.
http://www.reddit.com/r/Bitcoin/comments/1wyrdu/mt_goxs_ridiculous_new_documentation_requirements/

Feb 5, 2014 reddit user ‘coinsearcher’ flies to Mtgox headquarters and confronts Gonzague Gay Bouchery to question where his bitcoins are.
http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february

coinsearcher tells us his attorney friend sent him info suggesting the US authorities is ‘squeezing’ Mtgox.
http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/cfberiu

Feb 6, 2014 135,000 bitcoin days destroyed an unusually large transfer of coins (potentially to the DOJ?)
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

coinsearcher adds more detail on his conversation with Gonzague further implying there is a criminal investigation that is related to the inability to release bitcoins for withdrawal.
“If you look at the bitcoin days destroyed in the weeks / days leading up to the withdrawal suspension, there are two huge spikes. If you assume these coins moved had a medium age of 1 year, you get almost 730,000 BTC. i.e. divide the total days destroyed by 365. https://blockchain.info/charts/bitcoin-days-destroyed-min-year” (first spike was Dec 21, 2013 the day after SR2.0 arrests)
http://www.reddit.com/r/Bitcoin/comments/1z3ld0/rbitcoin_markets_the_us_government_has_control_of/cfqn1zr?context=3
 
Feb 7, 2014  user is locked out of his account for previously using bitinstant, he needs to get id verification.
https://bitcointalk.org/index.php?topic=453760.0

Feb 7, 2014 Mtgox stops all bitcoin withdrawals citing technical problems. (note that this is the day after the massive bitcoins days destroyed)
https://web.archive.org/web/20140224133422/https://www.mtgox.com/press_release_20140207.html

Feb 10, 2014 Mtgox issues press release that TX malleability is causing the bitcoin withdrawal problem.  They blame the protocol.  Bitcoin experts have stated the protocol is fine.  Gox’s internal code is sloppy thus causing the problem.  (This is a possible stalling tactic of Mtgox)
http://www.cryptocoinsnews.com/2014/02/10/mt-gox-blames-bitcoin-core-developer-greg-maxwell-responds/

Feb 15, 2014 Bruce Fenton (potential investor) contacted Karpeles to offer capital and help to fix the exchange to get it running.  Financial statements were given to Fenton but the deal did not move forward.  Karpeles gave no indication that coins were missing.
http://www.reddit.com/r/Bitcoin/comments/1z6phy/my_conversation_with_mark_from_mt_gox_my/

Feb 15, 17, 19, 20 2014 Mtgox website announces will be working on restoring withdrawals soon, eventually moves due to ‘security issues’ and more delays.
https://web.archive.org/web/20140221015037/https://support.mtgox.com/home

Feb x, 2014  crisis pdf is circulated among potential bailout investors (secondmarket, winklevoss?, Circle?).  I've been told the crisis strategy pdf was deliberately shown to investors not with the intention of acquiring investment but to get them to instill fear and panic in the market about Gox's insolvency.  Someone with insider knowledge about Gox's temporary insolvency (govt seizure) would benefit by buying a lot of cheap coins at $100 knowing that in the near future Gox would come back and rebrand itself as a new exchange and solvency suddenly restored. Shrem has mentioned in a podcast that Gonzague has been running Mtgox for several months now as the de facto CEO.

Feb 22-23, 2014 “SecondMarket was, in fact, approached by Mt. Gox some time last weekend. Mark Karpeles approached Barry Silbert to solicit an acquisition offer”
“However, when the magnitude of the theft and potential fraud became free, Silbert and his team quickly pulled out of discussions,” 
(I question the sincerity of the intent of Karpeles approaching Silbert for a bailout, no sane person would bail out Mtgox.  Surely Karpeles must know the reaction of a VC that is already well known in the bitcoin community would be to panic and distance themselves from Mtgox right?  Maybe this was a way to leak that Mtgox was insolvent thus inducing panic and fear on their own exchange?  Or maybe Karpeles was actually delusional enough to believe what was written in the Crisis pdf)
http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mt
 
Feb 24, 2014  Crisis Strategy pdf is leaked to public via twobitidiot's blog.  All major bitcoin exchanges issue coordinated joint statement condemning Mtgox insolvency.  Mtgox has massive panic selling throughout the whole day and abruptly shuts down.  Karpeles becomes public enemy #1.  (Twobitidiot is invested in a FDIC style insurance for bitcoin.  The exact type of service that would be in demand after a bitcoin exchange disaster)

Feb 25, 2014 Jon Wickedfire, an alleged news journalist for Fox news, interviews Karpeles on IRC.  Gives vague links referring to a 9gag.com site.  Karpeles drops hints alluding that coins are not “lost” but “temporarily unavailable”.
http://www.wickedfire.com/shooting-shit/179038-my-conversation-mark-karpeles-mtgox-2.html#post2164682

Feb 26, 2014 ne0futur, an IRC Mtgox support mod, says Karpeles can not speak about certain things by the US government
http://pastie.org/private/qjdf6xtxohxa8qxsnjtmq
 
Feb 28, 2014 Mtgox files for bankruptcy protection.  This is covered in the global media.

March 2, 2014  the Jan 30th conversation between Karpeles and the Japanese banker is released by anonymous user 'nanashi' in the IRC chat room.  Karpeles acknowledges Bitinstant users are being investigated and that he's investigating money laundering cooperatively with us gov.  Date of Jan 30, fits the timeline of banking issues after Shrem got arrested.  Who and why would they leak this audio file?  Karpeles?  Is it standard business practice to record a conversation with a banker in Japan?
http://pastebin.com/2xF9VCXj (IRC chat log)
 
 
user 'nanashi' says he is a messenger  and that hackers are trying to find out the truth.  That a random lease document pdf, employee info, mtgox's trading engine source code and that audio conversation are released.  My speculation is that the audio may have been leaked by someone who's trying to protect karpeles reputation.  Maybe someone wants to make it public that Karpeles is working with the DOJ and did not steal customer coins.  Maybe Karpeles leaked this information himself.
 
however he says: [02/03/2014 21:35] <nanashi____> want gox boss going a jail for crime against user
 
 
 
At this point, there seems to be a lot of activity happening behind the scenes that is not being explained in the official statements or actions of Mtgox.  mtgox.com shows they are under bankruptcy protection.  That leaves them the option for civil rehabilitation meaning that they may have ability to reopen business in order to pay customers back.  That was explicitly written by Mtgox's attorneys. 
 
"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."
https://www.mtgox.com/
 
 Mtgox can not possibly pay back their creditors if they only had 2000btc left like the Crisis Strategy pdf stated (unless they ignore the 740k btc missing as a liability).  I infer this to mean that in the near future Mtgox or a rebranded company will soon have a large enough bitcoin injection (possibly from the cold storage wallets seized by the Feds) to run a profitable exchange.  Although this is just an option and does not mean they are yet approved for this.


** speculation: notice the timeline implies that in April 2013, business was running smooth with no withdrawal delays in either fiat or btc.  After May 2013, verification becomes a requirement.  Payouts in fiat become harder.  5 months pass before DPR is arrested in October 2013.  Within 2 months, SR2 employees are arrested in dec 2013.  Jan 26, 2014, shrem/faiella are arrested.  Afterwards Mtgox insanity ensues.

** I also left out the Coinlab lawsuit for breach of contract in May 2013.  That doesn’t have too much significance regarding the 9gag theory.  (govt seizure)
114  Economy / Service Discussion / Re: Poll: Who should acquire & bailout MtGox? on: March 04, 2014, 12:46:51 PM
That premine might not even be Satoshis. He posted bitcoin on a cryptography mailing list so anyone on that list could have potentially been an early miner.
115  Economy / Service Discussion / Re: Is Mark Karpeles Jewish? [serious] on: March 04, 2014, 12:17:16 PM
I posted a topic on reddit that MK will escape Japan and go to Israel.

http://www.reddit.com/r/MtGox/comments/1ziob0/mark_karpeles_will_seek_safety_in_israel/
116  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: March 03, 2014, 03:03:31 PM
Fuck this article, it´s BS
If i told you mark stole some candy in first grade, it could change what do you think about mark or mtgox situation??

Umm I really just honestly would like to see this mess cleaned up. If we can get the bitcoins back to their rightful owners somehow that would be awesome.

I hope you agree with me. If you are happier to call this "digital Darwinism" or something similar and call it "good for bitcoin" I beg to differ.
117  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: March 03, 2014, 01:19:12 PM
I found this: http://www.cryptocoinsnews.com/2014/03/03/exclusive-tibanne-co-ltd-sentenced-2013-mark-karpeless-lies-new/

Maybe we should ask US federal agencies if they have seized Mt Gox assets in any form and see if they deny, confirm or refuse to say.

How would be go about asking them?
118  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: March 01, 2014, 03:54:07 PM
, you have no proof that uncle sam took the cold wallets.

How exactly am I supposed to prove this?

The main thing I want to say though is that all people are innocent until proven guilty.

I would also like to say that I object to bitcointalk users acting more like a lynch mob attacking Mark on the one hand and victim blaming Mt Gox BTC holders on the other.

It is impossible for us to win if we are divided.

While the other bitcoin leaders (and exchange operators) have betrayed Mark and tried to distance themselves from him in his hour of need they have unfortunately sided with the enemies of our movement.

I can remember when moonco.in (early solidcoin 1 exchange) was hacked and many people were screaming for the exchange operators blood as they thought he had done a runner with all the bitcoin. I wanted to give him the benefit of the doubt though and I remember thinking (and possibly writing) "Do not crucify the exchange operator." 

Now more than ever I see this as important.



119  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: March 01, 2014, 10:21:33 AM

We don't know what happened to the coins, its better to stop coming to conclusions as its presumptuous to do so.

Making claims that you do know make it seem to others that you have a clear agenda and you are trying to push it on everyone instead of them thinking for themselves. Don't be a shill.



I found an article which argues the points a better than I seem capable of.

http://chrispacia.wordpress.com/2014/02/28/this-is-what-most-likely-happened-to-mtgox/

for example:

This person posted the story of his one-man protest out front of MtGox and his run in with Gay-Bouchery on Reddit.

His first question to Gay-Bouchery was, “What is causing the withdrawal delays?”

His response:


    • Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight.

    • This has created problems with government agencies, and also with our banking partners.

    • There are also some ongoing investigations, which we cannot talk about.



and...
To the extent MtGox lost BTC due to malleability it was likely only a small amount. Not 97% of all BTC.
Karpeles made an effort to fix the code and get withdrawals back online as soon as possible, but it quickly became apparent there was no way he could cover the BTC needed to satisfy the requests.
Karpeles takes MtGox offline still unable to disclose exactly the source of its problems.
Karpeles reaches out to Bitcoin industry insiders for a bailout but can only tell them he doesn’t have the BTC and doesn’t disclose why. The insiders freak and notify Coinbase, Blockchain, etc. of the insolvency. They proceed to release a joint statement.

so yes the theory is that , US Federal officers demanded access to MtGox safety deposit boxes and seized the contents....

I have no evidence of this and it remains a theory but frankly most of the other stories don't completely add up either. We need to know the truth.
120  Bitcoin / Press / Re: *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: February 28, 2014, 03:42:01 PM
OK I agree with you that I need more evidence and damn it I hope to find it.

I'm not a shrill for mtgox. I have bitcoin in there and would like to see them back in my own local wallet. I hoped that this angle actually gave us hope of recovering our bitcoins and explained Marks recent behavior.

I know that a lot of the ways mtgox has been run has caused a lot of issues and problems but then again there have been huge problems with other major platforms and online services (ICQ, hotmail, facebook, Windows). Insufficient DDoS protection, trading engines that struggle under the load of media generated public hysteria. Banking delays and frozen funds and so on. Many of the problems were outside of Marks control but others he could have done better.

This doesn't mean that he lost or stole all the bitcoins though. Yes people have pent up anger and frustration because of issues they had with the platform but there are other bigger factors at play here. You don't start a revolution and expect the establishment to give up that easily.
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!