This thread is for making wishes for and discussing the current Jewish holidays. So, happy Hanukkah everyone! Casascius physical bitcoins make decent dreidels. I've also uploaded a video of me lighting the first candle. How about some chocolate Casascius bitcoins? They're still available. (I don't sell or make them, I just contributed the design to a company that does) http://www.gocandy.com - choose "chocolate coins", see "Bitcoin" artwork section. Good idea, apparently it's kosher too. Too late for that now, maybe I'll do something with it next year. |
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This thread is for making wishes for and discussing the current Jewish holidays. So, happy Hanukkah everyone! Casascius physical bitcoins make decent dreidels. I've also uploaded a video of me lighting the first candle. |
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Alberto has paid 50 BTC and says he will pay 150 more within a few days. These funds will be distributed among BDT bondholders other than myself. The distribution between bondholders and the debt to me will be finalized once more payment arrives. I have received a list of bondholders from Nefario. There are some direct claims which I am examining, so the actual number of unclaimed bonds is fairly low. If you are not on the list, you can claim your bond by sending me a PM or mail to glbse at menirosenfeld . com, though I will need sufficient evidence to credit it. Together with trace amounts of 6.12914756 BTC he paid previously, this brings the total paid recently to 56.12914756 BTC, which will be held in my address 14ubeus6MbjWqy13x2uFPS6XFUyE92ty96. I have paid out a test payment of 1 satoshi per bond to each listed bondholder, followed by a payment of 0.0112 BTC per bond. This is transaction b0027fd15aba8b7118b6d77e8035f9839bb394c17cc4cdce12d33bbaa65ec23e. To avoid the risk of BTC volatility throughout the time it will take him to repay the debt, the debt will be redenominated in USD. I think it is reasonable to use a rough average of the last few weeks, during which the exchange rate revolved around $12. He still owes BTC and pay out in BTC, but the amount will be adjusted according to the exchange rate (using as now an eye-balled average). So his debt starts at $12 worth of BTC per bond, plus $45,600 worth of BTC (3800 * $12) to me. Having paid 0.0112 BTC per bond, the remaining debt is $12*(1-0.0112) = $11.8656 per bond. Alberto still has a long way to go but it does look like he is making an effort to get this resolved. |
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Does Wikipedia publish the donations list so we can see our donations on their site and feel good about it?  BitPay has a list, but only if you entered an email address. If you did not enter an email address on the form, the donation is anonymous. Only the donor has a copy of the receipt. Does the Wikimedia Foundation have a list where the donation from BitPay is displayed? I recall there was once such a list, but now I can't seem to find it. Can I assume your donation entries include a comment to the effect that this donation was enabled by Bitcoin? I don't know if anyone reads these, but it's a start. Can you provide a static, public Bitcoin address from which all received funds will be converted and donated to Wikipedia? |
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In most cases I have used the Bitcoin address given by Nefario. If you would like to receive coupons to a different address instead, please send me a Bitcoin-signature of the new address signed with the address used for the claim on GLBSE.
If you tell how to do "a Bitcoin-signature of the new address signed with the address used for the claim on GLBSE.", it will help many. In Bitcoin-qt: Go to File/Sign message, put the address you submitted to GLBSE in the first box, and the new address in the second box. Click "Sign message" and you'll get the signature in the third box. In blockchain.info My Wallet: Go to "Receive money", find the row with the address you submitted to GLBSE, open the "Actions" dropdown, and select "Sign Message". Enter the new address in the box, and click "Sign message". A signature field will be added to the dialog. In other clients: I don't know. Not all of them support this, but if they do it should be similar to the above. You should be able to export the private key and import to another client to sign. Or you could just leave it as is and receive payments to the old address. In all cases the wallet should of course be in control of the old address; and you should send to me a mail / PM specifying the old address, the new address and the signature. |
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Nefario has sent additional data including these accounts: 1EnNyRWR6MnHWirJEZe9UepdakN3KWsxig 4900
12Lo5ijdc1MaHZBqsHuidoWXRLocbYLcJ7 1155
18q9J5iMkvU8kgmYm2oShdPPbaLZWHTAns 453
1Paqi9xBpF2zp8XHfHmQ1uwar5tJCBFJjx 200
1NPt437SqUK9fDEApfw53hvtE3CwdQXBrA 194
1AMPFgxJo17nzR7sQZ87agvtzGr3FfWhoH 178
1NodU1AbhqMMp32nMbxfURcJeMiepvoaMr 126
1ABK4UjEZvDGuwuZRBE3LWwv18WwpgqUy7 112
1Eh18YVchhT51ywdMVuTNMnLzv1Fh2pQWv 1
The following have sent claims to me, which Nefario did not yet confirm but I consider to be legitimate, and hence credit them: 18H5raWsdAfEJBGYVY7NwkvDMKdTctG8Ym 187
1C1pqZjzaQRFmUYDDe7u2jE22Kuk8eED77 35
1PwwqGvULxMqdLEcw9SmBUXjnU9pUG9p4g 28
18otxBLcwMHHwr2VLa6fiRSoE5Wb2WtNMw 15
167tT98Cnj1RRGUmaSb11n24N4stfC4nJZ 15
1HfktGrjupruzxMsTF7xVMk7LWKR5Uf4GW 1
I am happy to announce that these are all the unmatched claims that I received (up to minor difference in the exact amount of bonds); which means that it is likely nobody tried to scam us (+1 for humanity) and that there will be no unserved bondholders. I have sent the new approved bondholders (total 7600 bonds) a test payment of 1 satoshi per bond, followed by a payment of 0.0164844138 BTC per bond for blocks 201935 to 209327. In most cases I have used the Bitcoin address given by Nefario. If you would like to receive coupons to a different address instead, please send me a Bitcoin-signature of the new address signed with the address used for the claim on GLBSE. There are still 1023 unclaimed bonds. I will give Nefario about a week to send me more names. After this the list will be finalized, with unclaimed bonds distributed between the Bitcoin Foundation, Bitcoin100 and the Singularity Institute (I tried to contact GiveWell about receiving Bitcoin donations, but got no response), and I will start a more regular coupon payment schedule. |
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Variance, if expressed as a percentile, should remain within the same limits regardless of overall computational power.
So when we hit 2PH/s, the variance could be seen as swinging hundreds of TH/s in a 3 day window? You should always expect to find up to 15% deviations from the mean in a 3-day window. But whatever you are seeing now may or may not be pure variance. The estimated network hashrate is (number of blocks found in time window) * (average number of hashes required to find a block) / (length of time window) Block finding is always a Poisson process with rate of about 1 per 10 minutes, so the number of blocks will always follow the same distribution (Poisson distribution with mean (time window / 10 min)). If you increase the number of hashes per block, both the mean and the standard deviation scale by the same factor, so you have the same relative variance. On the other hand, if instead you estimated using the difficulty-1 shares found, you would indeed have less variance, as there are more of the individual items you're tracking. But if you track blocks, and the difficulty of finding blocks scales to maintain a given rate, it doesn't matter. |
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Well I guess I'm confused about what your saying, previously you stated that you would honor .28btc per share that was still outstanding (15566 shares).
I never said I would buy at 0.28 BTC per bond. I said I would not sell at less than 0.28 BTC per bond until the ASIC situation stabilizes. Personally I bought my shares at .37btc and and compounded reinvest my earnings into more PureMining shares. For what I assume is that the block reward is now half, so half of .37btc (which I assume was the staring price) would be .185btc;
That's not how it works. The valuation of a bond takes into account the future coupon prospects. The reward halving was known in advance, the value of a bond doesn't magically go down when the halving actually happens. however, we must also admit that with the way the current market is with mining rigs we can't estimate what will come out when, ButterflyLabs had stated they would come out with the new boards in Oct. and we are still waiting
Right. But if ASICs arrive any time soon, a bond will give you much less than 0.2 BTC in its lifetime. If they arrive later, maybe it will give you that in its lifetime. This means that paying 0.2 BTC for such a bond now is a poor investment which will be lossy on average. and I personally feel that the best way to keep bitcoin stable is the give the miners and investor and way to "keep their money busy" instead of selling it for USD or any other currency.
You don't need need to sell the bitcoins, you can keep them. And no, investing for the sake of investing is not a way to stablize Bitcoin; you need to invest in actually viable ventures, bad investments are bad for both the investor and the economy. If no good investments are around, keep the coins until you find one. Mining in general may or may not be a good investment. But as I stated I am not currently actively looking to sell more mining bonds, so I will only agree to do it for a price which is too high to be a good investment. Just as someone who has money in their savings account is good, but if you have money in there you know your not going to spend, why not put it in a no penalty CD?
Traditional currencies are constantly inflating, so it is viable to invest them in safe deposit programs (which at best negate the depreciation), and this is the "neutral" thing to do with them. Bitcoin does not have long-term inflation, and their value has an upward trend, so there is no way to invest them which is safe and generates interest. The neutral thing to do with bitcoins is to just hold them. Furthermore my question for you would be what is a price you deem worthy of selling new shares for?
I don't know. With some work (which would be too much hassle for what I can expect to gain from it) I could come up with a figure that may be reasonable but there is so much uncertainty that it may end up unfair to investors. If my accounting is right you have 4,434 share plus any you have personally given back.
I can issue as many bonds as I want. The fact that I issued 20,000 bonds on GLBSE (of which 4,000 were recalled completely, and 434 were held by me) means nothing. Of course it would not be safe for me to issue too many. before we see the new boards and I'd like to invest in you because first your honest and of all the people I trust you most and value that I might not make the highest yield with you but that I will get an A++ customer service  Thank you for your kind words - I will be happy to have you as an investor, when I actually have something I want to offer Also I visit your website ( www.bitcoinpuremining.com) pretty frequently and was wondering if you could make it exportable so we could work with making some graphs and such please and thank you It's fairly easy to copy the table, paste to notepad, copy and paste to Excel. That's what I do. Is there anything else you need? |
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Coin Publishing LLC is collectively owned by individuals owning or working at BitPay, Butterfly Labs, Google, Casascius, 20 Mission, and Virtual Processing Solutions.
Is this code for Tony Gallipi, Josh Zerlan, Mike Hearn, Mike Caldwell, Jered Kenna and James Gibson? |
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I also wanted to ask if your going to just go on a schedule with future payouts or go like you used to on GLBSE?
Are you asking about the frequency of payouts? Once I am sufficiently comfortable with my list of bondholders, I will try to pay out weekly. It is not practical for me to do this 3 times a week, and the primary original reason for it (keeping the price stable) is moot now. Yes, I've been watching all the other bonds and I must say, I am so glad I bought from you. You are one of the best most reliable people around. With that said, since I see there is interest I would like to make a suggestion. Since we know the new mining boards will most likely hit within the next 3 months, what if you issued shares at .20 btc and it was stated that they could be bought back at the end of 3 months at the issue price. I personally would love this or any other ideas you have. I have a descent number of bitcoins sitting idle and would like to "put them to use."
Personally I think ASICs will be here sooner, and that therefore 0.2 BTC is much overpriced. I don't think it will be worth the hassle to sell new bonds to people, but I will give it some more thought. It is a very dangerous thought that you must "put your bitcoins to use", and is what caused many of the recent disasters. Your bitcoins are happy where they are, they are safe if you secured them properly, and they will appreciate in value if Bitcoin catches on. Only invest them in things you consider safe and profitable, not just because you feel obliged to. |
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I have received confirmation from Nefario for a few more of the biggest claims I've received, which goes a bit towards restoring my faith in humanity. I will provide more details and pay out some more coupons in a few days.
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Is there any plan for any kind of procedure for claiming shares in BDT which were held on GLBSE?
Once there are any funds available we will start examining this. |
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Meni, I know you have stated before that you had shares that you had retracted because you were unable to sell, now that I have received my dividends would you be interested in allowing me to buy some of those unsold shares?
Well, I can always issue new bonds (especially now that I'm doing payments directly) so it doesn't really matter if I had excess bonds or not. I did specify that I would not sell at less than 0.28 BTC before the ASIC situation settles; on the other hand, with the GLBSE mess what I'd be selling now is a private agreement which is quite different from the publicly traded bonds to which I referred, so I'm not sure it applies. Additionally, I don't really know how to properly price the bonds at the current situation. ASIC pricing isn't representative as they're not here yet and in short supply, the ELE isn't representative as it will go down considerably once the ASICs arrive. Which is basically the very reason why even when GLBSE was up I wanted to sit it out for a while. Also, with the closing of GLBSE and the crude direct payments system, I would rather maintain the status quo than issue new obligations. Especially since not all bondholders are accounted for yet. All that said, you can contact me in PM with more details about what you're interested it, and I can consider it. |
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(Unfavorable comments regarding Alberto which were here earlier were removed at his request. I'll wait some more before bringing up the heat.)
Looks like another payment extension for Alberto Armandi, our Sardinian scammer from Carbonia. Well, that was not an extension as his original stated time of payment had not been reached yet; I was just worried because he failed to fulfill some of my requests. However, that's a bit moot since today, for the first time, I had a chat with Alberto with video on his side. This gave me a chance to better verify he is who he says he is, and to talk more seriously about his repayment plan. I'm feeling a little better about his intention to repay funds, and I'll feel even better once he reaches the first milestone, however modest, of repaying 200 BTC within a week. After that there should be a steady stream of payment, and I hope most of the debt will be resolved within a few months. I will continue to monitor Alberto to verify he sticks with this plan. Of course I cannot promise anything, and I don't feel great about the time schedule for repayment, but I still believe some other suggested approaches are inferior in their ability to recover the funds. I will discuss more aspects of this as they become relevant. |
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How about an "Advanced" menu which needs to be unlocked with a big warning sign in which such features can be added?
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Two ways I know of: - They use your payment as one of the inputs when paying you. If it turns out yours was bad then so will theirs
- The other way is to accept instant payment but delay withdrawls until it is confirmed. If it turn out to be bad they just debit your account.
Okay, regarding the first. I'm assuming this is how satoshi dice does it. How can they use my payment if their payment addresses are global pools? Is there an article that describes satoshi dice's technique? Bitcoin works with outputs, not addresses. They spend the output of the transaction you used to pay them as one of the inputs to the transaction they use to pay you. If the first transaction becomes invalid, so will the second one. The bulk of the value for the second transaction will be from an unrelated output. |
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My implementation would ONLY take 125 days to attempt all combinations, much faster than the 36 years... but still not doable for the amount of BTC!
Well Mike has already given 1.142 bits of information and will give 4.858 more soon, this already cuts your runtime to 2 days. Go for it. |
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if (txtPassphrase.Text != "") {
SetText(txtPrivWIF, new Bip38KeyPair(kp, txtPassphrase.Text).EncryptedPrivateKey); //<-loop this?
} else {
SetText(txtPrivWIF, kp.PrivateKeyBase58);
}
SetText(txtPrivHex, kp.PrivateKeyHex);
SetText(txtPubHex, kp.PublicKeyHex);
SetText(txtPubHash, kp.Hash160Hex);
SetText(txtBtcAddr, new Address(kp, AddressTypeByte).AddressBase58); I don't understand very much, but we have to search for all combinations looping this piece of code? How can we arrive at the public key if random keys get encrypted with the password? No, this code generates new keypairs unrelated to the one in the note. You want to loop the code in btnPrivWIFToHex_Click (in Form1.cs), with the encrypted key for txtPrivWIF.Text and different password values for txtPassphrase.Text. |
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The dude cracked it by thinking like Mike  Presumably it was a joke, the password is neither Steal, STEAL nor steal. And as you can see, the coins are still unclaimed. |
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By the way, this money is going to get taken one way or another, even if I have to start leaking bits of the password to speed up the process.
Tell me the first 4 bits and I'll get it in no time.  That means if I don't tell you the first 4 bits, you'll get it in 16 * (no time). But if you know some way where just 4 bits would give you more than a 16x advantage, please share! Okay, I will. Possibilities for ASCII code of first letter with no info: 65...90, 97...122 (52 possibilities, 2704 possibilities for first two letters) Provide the following bits: ???11??? ???11??? This narrows down the possibilities for each letter to only six options: 01011000 01011001 01011010 01111000 01111001 01111010 (88,89,90,120,121,122 = X,Y,Z,x,y,z), so 36 possibilities for the first two letters. 2704/36 = 75.11x advantage. Yes, if those are indeed the bit values at these places. If they are other values the advantage will be markedly less than x16. In general, querying 4 bits can never cut down your search space to less than 1/16 on average. (I'm guessing you already knew that, this is more a service to those confused about the "magic".) |
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