*snip*
TBF has yet to show proof that KnC did indeed paid for their Platinum Membership.
*snip*
This is the matter that needs to be addressed by TBF. The reputation of TBF is already shot to hell; if they show some integrity around these concerns it might go some way to repairing it. Kudos to Phinn for his artful exposé.
Anyone care to post their largest transaction for hordes of people to scrutinize and track? Let me get this straight. You are claiming that the inability of those who have looked at the blockchain to locate a transaction which validates the payment of the 100K is no problem. You are claiming somehow that examining a PUBLIC DATABASE, the blockchain, for the presence or absence of a particular payment is "bad". Certainly an interesting point of view.... lol...do you think it's one tx? Just think about how stupid it would be if you could pick two parties and know the amount exchanged between them without their assistance. If a member wants to point to their payments, that's up to them...it would be a breach of imho for the foundation to publish tx of all their members. |
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My question to you is, what is your exit strategy? If you invested in the last nine months, can you afford to sell up? Are people still investing despite the downward trend?
I'll let you know my exit strategy in 10 years… |
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*snip*
TBF has yet to show proof that KnC did indeed paid for their Platinum Membership.
*snip*
This is the matter that needs to be addressed by TBF. The reputation of TBF is already shot to hell; if they show some integrity around these concerns it might go some way to repairing it. Kudos to Phinn for his artful exposé. This is not an issue that needs addressing, imho. And bitcoiners of all people should understand that. Disclosing the address(es) used for payment could lead to significant breaches of privacy. Anyone care to post their largest transaction for hordes of people to scrutinize and track? |
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Well it must be another block explorer site like blockchain.info then I'm guessing. There's only a few.
No it's not a block explorer site. It is a commercial site offering commercial Bitcoin services and earning money off of the back of sloppy programming, bad security and the great work of blockchain.info. If it was a block explorer site I wouldn't care - it would be like being worried about security vulnerabilities/ethics in a forum or obscure website for some club or whatever. This is a site with huge press in their market, a site that apparently is one of the leaders in the market. This is why I am concerned, peoples Bitcoins are at stake, the reputation of Bitcoin in this area is open to being damaged due to this. Out with it man. If you're not disclosing a specific security flaw that others could use to steal funds, there's no reason to not tip your hand. Most are too busy to reply to "specific content" free posts |
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At $0, if we get there, I'm still gonna be running a full node...I might start mining again too.
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Any one listen to episode 34 of Bitcoins and Gravy? The episode features the author of Thieves Emporium, a book that presents a very plausible near-future America where privacy is violated by powerful governmental regulatory agencies, personal liberty sharply debulked in the hunt for "terrorists," and the exercise of constitutional freedoms, while still legal, face harsh extra-judicial penalties imposed by those that control government handouts and those that control the payment networks. How could such abuse happen in the US? The author uses the Federal Reserve's power of inflation, or hyperinflation, to show how populations can be controlled by controlling the value of their money. Those that profit from regulation and restriction, for example, sellers of items with marginal production costs, seek to maintain their profits by using government to stamp out those that offer arbitrage services (example, books and pharmaceuticals are sold at vastly different prices in different geographic regions). In a troubled economy, more and more people find themselves in the position of being poor but compliant with regulations or being able to earn a living by facilitating victim-less crimes (assuming decreasing the profits of big companies via arbitrage is "victim-less"). How do ordinary folks in this future America earn a living without being imprisoned? Community. A community connected via encrypted internet communication, TOR, and anonymous internet access. Oh, and money. But not just any money. Money that flows freely between individuals, unfettered by regulations that ease its confiscation or theft. Digital money. In function, if not form, the money used in the online community is very similar to Bitcoin. In the book, the author shows how populations can be controlled using paper money and how that can be resisted by using free money (free as in speech, not beer). I'm not one for political conspiracies, but, I do think the issues raised by the book warrant thought. The book is a fun and fast paced exploration of this world, in large part as seen through eyes of a struggling widow with young twin girls. The heroine is a survivalist. Not a computer geek, but a mother. A mother that will do anything to provide for and protect her girls. Her entry into the online community, called the Badlands, and ultimate uncovering of a government conspiracy and escape from the country is a harrowing tale...and all too real feeling. I recommend reading this book! |
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Got my preorder in! Can't wait to see it again!
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Bitcoin gets banned in Countries like Bolivia, Bangladesh, Colombia, Russia, China and many more the authorities are saying that
“It is illegal to use any kind of currency that is not issued and controlled by a government or an authorized entity.”
So my question is, why is the Bitcoin Foundation not accepted as a authorized entity?
Whats wrong with their status?
What could help, so they are getting the status of an authorized entity?
Well, the Foundation doesn't issue bitcoins nor control how they are issued, transacted, or destroyed. |
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lol .. ‘hierarchical deterministic ' wallet is surely decentralized  It's the SPV implementation that is being referred to as decentralized. |
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A couple of years ago I posted my theory of who Satoishi was. God, I hope I am right if this hacker outs him. Then I can lord it over you all unmercilessly. You will never heard the end of it, how I was right and you ignored me. Vindication at last.
A proper "I told ya so" post deserves a link to the original...it'll make you look much cooler when others stumble upon this thread! |
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Only a minor problem -- you must use the address before you can use it.
Exactly. Address reuse = privacy leak! |
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You need a license for most states to run a business where you transfer money from person to person or place to place. And you must register with the federal government. Oh, and the state licenses cost money. Lots of money in some cases...one needs >$1M to get started.
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I believe this was discussed elsewhere...if I recall correctly, it was a db insertion hack and a fairly well known exploit. I think the user login stats on Satoshi on that forum did not update.
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loans is most riskiest
mining is slightly less risky
trading on exchanges is slightly less risky
best bet is to find a product that will sell well, find a cheap manufacturer/distributor/supplier and buy it. then sell for a 20%-100% profit. keep the profit and then rebuy more stock. repeat as often as you can.
research drop shipping where you only pay when you make a sale, and the drop shipper delivers straight to customer. this means no stock hoarding, not having to deal with packaging and distribution. you simply send the drop shipper the funds and delivery address
This is probably the best advice you can get. I encourage you to read it over carefully. |
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How about in each other we trust
(Albeit to a limited degree and we use cryptography to essentially remove the need to trust eac other in the first place)
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I'd say it depends on how it is used.
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