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1181  Economy / Speculation / Re: [Daily Speculation Poll] Will we see a new 2012 high within 24h? on: August 03, 2012, 05:43:47 PM
Cheesy

New High: 11.1
1182  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: August 02, 2012, 09:22:48 PM
Odd: 20k BTC were first SOLD, then 2 Minutes later BOUGHT again:

No, both spikes are buys. (The 1 minute candle opens at 10.17, spikes to 10.50, closes at 10.13.)
1183  Economy / Speculation / Re: RALLY! on: August 02, 2012, 07:22:13 PM
This:




We are back in Crazyland. Expect volatility ahead. Cue re-run of last time?

http://bitcoincharts.com/charts/mtgoxUSD#rg10zig6-hourzczsg2011-05-29zeg2011-06-28ztgSzv
1184  Economy / Speculation / Re: RALLY! on: August 02, 2012, 01:23:57 PM
9.80...  Shocked 10?
1185  Economy / Speculation / Bitcoincharts: Three months since we've had a red week. on: August 02, 2012, 01:07:11 AM
Take a step back from the intraday noise and chaos for a moment. Notice, it's been a full three months since we've had a red week.



Live version: http://bitcoincharts.com/charts/mtgoxUSD#rg90zigWeeklyztgSzm1g10zm2g25zv

Green fields forever, or time to see some blood? Smiley
1186  Bitcoin / Bitcoin Discussion / Re: BTC-E hacked - still unfolding on: July 31, 2012, 06:29:20 PM
Probably bitcoinica was never hacked altogether, bitcoinica to me looks like a scam (especially after the "no backup" and the last "money that was on mtgox lost" news) Cheesy

Yeah, their story is about as fake as the Colorado shooting. Someday, soon hopefully, it will come out that all the Bitcoinica/InterSango guys are establishment cronies (freemasons).


1187  Economy / Service Discussion / Re: HOLY SHIT BTC-E.COM hit $40 per BTC! on: July 31, 2012, 06:13:50 PM
You need to specify which attack you are talking about in order to claim that the "security" of a hash function is so-and-so. For a collision attack - finding two messages that hash to the same value - 2^128 attempts is required (to have a 50% possibility of finding it) for a 256-bit hash function. But in order to find which message hashes to a certain hash you need to try 2^256 combinations (for a 50% probability of succeeding).

Also, if a password has 2^80 combinations you need to try 2^80 combinations in order to have a 50% probability of finding the correct password, not 2^40.

Shouldn't that be 2^(N-1). ? In this case, 2^79 tries gives equal odds of finding the key.
1188  Economy / Trading Discussion / Re: Interesting conversation with a retailer who formerly accepted Bitcoin on: July 29, 2012, 12:41:41 PM
If you wan some business to accept BTC, DO NOT! tell them that BTC is a "blaa blaa new currency" but talk about it as a way to transfer currency for 1/10-100th of a cost thy pay for CC, DC etc payments now. Do you know what 5 USD or EUR card payment will cost to a merchant? Find out and weep!  

This "new internet currency" bull shit as to the biggest PR fuck up ever for BTC.
 
If they get worried about btc-fiat exchange rate, introduce them to a service, that virtually eliminates this risk.
BTC is a low cost and secure way to transfer money with out banks, domestically or internationally.

I concur.



In a nutshell: Sell the points that are important to the merchant, not the points that are important to yourself.

If you are in the business of selling socks and underwear, odds are you care nothing for philosophical and ideological advantages.
1189  Economy / Service Discussion / Re: This is not a kangaroo court - innocent until proven guilty on: July 26, 2012, 06:05:22 PM
OK, genjix. We will leave Zhou Tong be for now.

Let's talk about the Bitcoinica source code you leaked.
So, the encoded file has the exact same thing on the /bitcoinica_legacy/.git/logs/HEAD file
Code:
0000000000000000000000000000000000000000 939e877106a5bd479f350adc6d9e4170c62df8f3 genjix <genjix@nite.(none)> 1338505438 +0200	clone: from git@github.com:bitcoinica/bitcoinica_legacy.git

Cloned by Genjix from the bitcoinica private github repo on May 31 2012... Interesting Wink

And look at who packed it... surprise surprise
Code:
drwxr-xr-x genjix/genjix     0 2012-07-07 20:18 bitcoinica_legacy/


Care to explain the above?

I've been wondering about this. Did you (genjix) leak the entire bitcoinica source code? If so, why?
1190  Economy / Speculation / Re: look at all that volatility... on: July 26, 2012, 11:50:46 AM

Yep, I spent my profits on fine drink and women; the rest I just wasted. Twice I spent >$1000 at Bevmo - those were fun trips. Also hosted several dinner parties, too, feeding 20+ people each time with enormous primal cuts of meat (usually full 13-15 lb briskets), while people helped themselves to a cabinet full of liquor.  Good times, and bitcoin was mentioned many times - good advertising, eh?  There's no way I could have drunk all of those bottles myself, reinforcements were needed. Seriously, I don't think there's anything more important in life than to, y'know, live a little.  Learned that bit of wisdom in Africa, actually: death might come at any time, don't save all your money, spend some of it, too, and enjoy life.


I like you, your stories, and your style. Welcome back to Crazyland.
1191  Economy / Trading Discussion / Re: Choose: Walk The Plank or Keelhaul on: July 25, 2012, 08:18:27 PM
Is it normal to dox someone without them having provably committed a crime or tort?

Well, do you know a lot of non-criminal/covert organizations that don't reveal personal information about their key personnel?

Today: "The shadowy CEO of Microsoft, previously only known to the public as "The Dancing Monkey" has been revealed to be Harvard dropout Steve Ballmer. Documents leaked on the internet conclusively proves his identity. Microsoft officially declined inquiries into the matter, stating only that the identity of "The Monkey" has long been known to insiders, and that people should mind their own damn business."

1192  Economy / Digital goods / Re: Diablo III Retail cd key on: July 25, 2012, 06:44:22 PM
I just bought Diablo 3 from Awalt541.
Super smooth trade and really fast.

Bought a copy today. I second everything craked5 said. Super fast, super smooth. Thumbs up! Smiley
1193  Economy / Service Discussion / Re: Satoshi Dice -- Statistical Analysis on: July 25, 2012, 06:31:33 PM
Here's another lucky martingale escape:

lessthan 16000  Bet Amount:   0.25  Outcome: LOSE  Payment:    0.000750   Profit:   -0.24925   Cumulative Profit: -0.24925 
lessthan 16000  Bet Amount:   0.50  Outcome: LOSE  Payment:    0.002000   Profit:   -0.498     Cumulative Profit: -0.74725 
lessthan 16000  Bet Amount:   1.00  Outcome: LOSE  Payment:    0.004500   Profit:   -0.9955    Cumulative Profit: -1.74275 
lessthan 16000  Bet Amount:   2.00  Outcome: LOSE  Payment:    0.009500   Profit:   -1.9905    Cumulative Profit: -3.73325 
lessthan 16000  Bet Amount:   4.00  Outcome: LOSE  Payment:    0.019500   Profit:   -3.9805    Cumulative Profit: -7.71375 
lessthan 16000  Bet Amount:   8.00  Outcome: LOSE  Payment:    0.039500   Profit:   -7.9605    Cumulative Profit: -15.67425
lessthan 16000  Bet Amount:  16.00  Outcome: LOSE  Payment:    0.079500   Profit:  -15.9205    Cumulative Profit: -31.59475
lessthan 16000  Bet Amount:  32.00  Outcome: LOSE  Payment:    0.159500   Profit:  -31.8405    Cumulative Profit: -63.43525
lessthan 16000  Bet Amount:  64.00  Outcome: LOSE  Payment:    0.319500   Profit:  -63.6805    Cumulative Profit: -127.11575
lessthan 16000  Bet Amount: 128.00  Outcome: LOSE  Payment:    0.639500   Profit: -127.3605    Cumulative Profit: -254.47625
lessthan 16000  Bet Amount: 219.00  Outcome: LOSE  Payment:    1.094500   Profit: -217.9055    Cumulative Profit: -472.38175
lessthan 16000  Bet Amount: 219.00  Outcome: WIN   Payment:  876.589924   Profit:  657.589924  Cumulative Profit: 185.208174


More balls than brains, that one. Kudos upon him. Cheesy
1194  Economy / Trading Discussion / Re: Choose: Walk The Plank or Keelhaul on: July 25, 2012, 04:25:52 PM
Beep beep, this just in from #btcst:

Quote from: pirateat40
17:49 <pirateat40> Hey guys, I have a lot of coins moving around (PPT accounts to BS&T accounts and BS&T to PPT accounts).  
It's not only causing issues with backend but it's delaying real withdraws to account holders by reducing the funds in my operating wallets.  
So, if you're moving funds to another account please let me know and I can do the transfer internally to ease the process.  Thanks

BTCST Default Readyness Condition:

CODE ERNIE


Quote from: ineededausername
17:52 <ineededausername> Also, I just want to put in a word for pirate:
it makes his day much easier if you schedule withdrawals in advance. Please do that so we can avoid queues.

All hands on deck!
1195  Bitcoin / Project Development / Re: [ANNOUNCE] skude.se/BTC - an easier way to request your daily free coins on: July 25, 2012, 09:31:19 AM
MyCryptCoin is currently broken. "Click here to proceed" yields:

Code:
Server Error in '/' Application.

Runtime Error

Description: An application error occurred on the server. The current custom error settings for this application prevent the details of the application error from being viewed remotely (for security reasons). It could, however, be viewed by browsers running on the local server machine.

Details: To enable the details of this specific error message to be viewable on remote machines, please create a <customErrors> tag within a "web.config" configuration file located in the root directory of the current web application. This <customErrors> tag should then have its "mode" attribute set to "Off".

<!-- Web.Config Configuration File -->

<configuration>
    <system.web>
        <customErrors mode="Off"/>
    </system.web>
</configuration>

Notes: The current error page you are seeing can be replaced by a custom error page by modifying the "defaultRedirect" attribute of the application's <customErrors> configuration tag to point to a custom error page URL.


<!-- Web.Config Configuration File -->

<configuration>
    <system.web>
        <customErrors mode="RemoteOnly" defaultRedirect="mycustompage.htm"/>
    </system.web>
</configuration>

Terrible error handling.
1196  Economy / Speculation / Re: rally got goxxed again on: July 25, 2012, 09:12:52 AM
classic.mtgox.com always seems to work better for me when the main site starts to lag. Also the android app as a last resort.

Thanks for the tip!

After two 1000+ BTC mis-orders on the new site, I only use the classic site, which has better UI separation between the buy and sell sections. 

Thanks for the tip!


The new site is just terrible UI design for volatility traders like me, where one often enters multiple buy & sell orders one after another.


Yeah. Had a couple of mishaps like that. Simultaneously buying and selling to myself. Roll Eyes

Or accidentally selling instead of buying, as sometimes the Sell Bitcoins tab switches to the Buy Bitcoins tab after placing a sell order. (Upon reloading the page most likely?)

"Well, there goes my earnings for the day." Not fun. Shame on me for being sloppy, shame on Mt.Gox for bad UI design.  Angry



Obviously, they gain earn fees from these bad trades. Still, any business that hurts their customers is not good business for any service.

The Order type: SELLING/BUYING column of the Your Open Orders tab could use solid color RED and GREEN backgrounds, in place of the indistinguishable alternating blue/white of today.

How can I best forward this suggestion to Mt.Gox? PM tux?
1197  Economy / Trading Discussion / Re: Choose: Walk The Plank or Keelhaul on: July 24, 2012, 11:12:52 PM
BS&T was opening to the public on August 1st. It is now opening to the public on August 13th.

In fact the referral requirement was lifted yesterday and you can already open an account.

Curiouser and curiouser

1st -> 13th -> apparently yesterday

Funding problems?


Plank or Keelhaul? I think not. The pirate is hoist with his own petard.

1198  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: July 24, 2012, 01:36:57 AM

Read through Pirate's posts.  If you read inbetween the lines you will know exactly what he's doing.


Beyond taking on debt at rates that even a love child of Warren Buffett and Bill Gates couldn't repay?

Fascinating quote though, where and when is this from?

Quote
The part I think a lot of people miss is the differences between a rally and a crash as far as how the market reacts.  So, I'll attempt to explain it.

During a...

rally a couple big buys cause people to jump on the train, riding it up the hill without much movement on the ask side of the order book.
crash a couple big sells induce panic that not only sell off coins but cause orders to be ripped from the bid side of the order book.  Driving prices into the ground.

Granted, there will be people buying at any price but the traders are smart and we've got some big players in the market this time.

My two cents are free.

-pirate


Why doesn't he keep his mouth shut, if he's going to burn it to the ground?

I mean, if you're George Soros and you're about to break the Bank of England by shorting the pound,
surely you wouldn't be letting people know in advance? Dun dun dun.
1199  Bitcoin / Bitcoin Discussion / Re: Bitcoinica MtGox account compromised on: July 24, 2012, 12:24:29 AM
I just tried the LastPass account. I didn't expect to be able to log in, but I was able to using the original credentials!

And LastPass didn't log the IP that reverted the master password. It's so weird.


What. The. Hell.
1200  Other / Off-topic / Re: Possible Bitcoin connection to Colorado shooting? on: July 23, 2012, 11:30:40 PM

Would you say you are 100% sure? 90%? 50%?


Absolutely 100% certain that it was planned and staged. Not sure of the specifics of how it was done though.


Is all of the media in on it? Wouldn't you expect there to be at least one honest journalist somewhere?
You're saying this whole incident didn't happen. Do you believe 9/11 happened? (As in things blew up and real people died.)

Have you been able to pick up on things like this your whole life, or is it more of a recent thing?

Why are you able to see these connections that most people don't?
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