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121  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 06:46:14 PM

Alright, we know who did it. It was Erik Vorhees! This is a man who wants to destroy democracy and popularize Bitcoin in order to get more gambling addicts to use his Satoshi Dice gambling site!  Shocked
122  Economy / Economics / Re: Doubt about Bitcoin's growth potential on: September 05, 2012, 06:17:44 PM
Throughout the course of history, humans have always moved to better forms of currency.

Beads -> Sea shells -> Wampum -> Metal Coins -> Gold -> Paper money fiat -> Electronic money (paypal, credit cards) -> Return to gold? Bitcoin?

Paper money fiat is better than gold? Huh?
123  Economy / Speculation / Re: Bitcoin Project will be making a major announcement in September on: September 05, 2012, 06:06:01 PM
this situation makes bitcoin seem like it's run by a group of people with inside info.  decentralized my ass.

this makes me feel left out.
You're missing the point of Bitcoin if you feel left out. You can be as involved as you want to be, just go make something happen-- find something you think needs doing, recruit some people to help if you need help, and do it. Are you waiting for an invitation or permission from somebody?


He wants the key used to send messages to the Satoshi client.  Grin
124  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 07:41:07 AM
Someone sent .01 BTC to the address to stop the release! http://blockchain.info/tx/f94763d9ab91535a4d2cd2d241b3a5ab09132dd34839218ec858c4729002eb21/f94763d9ab91535a4d2cd2d241b3a5ab09132dd34839218ec858c4729002eb21

Relayed by ip   46.4.121.100 (whois)
125  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 07:37:23 AM

80% of BTC exchanges are for USD. Source.

Bitcoin is still in its infancy. It would not survive a shutdown of USD-facing exchanges. It's too vulnerable.

How many Americans still play online poker? It can be done using VPNs, a foreign bank account and foreign mailing address, but nobody bothers because of the hassle.

Bitcoin could certainly survive a shutdown of USD facing exchanges. It can always be exchanged over the counter. Shutting down the USD based exchanges would certainly cause chaos in the pricing mechanism, but where there is chaos there is opportunity for clandestine arbitrage. Basically, pockets of price differences for BTC would create opportunities for arbitrage, which would once again provide a price mechanism. The Bitcoin economy can be damaged (even severely damaged), but it's not going away.
126  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 06:58:25 AM

Think how it looks if they throw all their resources at it and still cant get it shut down.   Grin

Bitcoin itself won't get shut down, but the above ground markets that exchange or deal in Bitcoin could certainly be disrupted. The markets for Bitcoin could quickly become black markets.
127  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 06:49:51 AM
I wonder if this is real too. But it's pretty smart. I doubt PW would pay anything here but the extortionist may just be hoping the rest of the public will contribute to getting info released. Either way he gets funds going into either address. Is this the first instance of mass public extortion? I mean telling the world they can see the tax records only if in total they pay out. I guess we'll see if this gets picked up by the mainstream media or if word has been put out to quash it, or if it turns out to be baloney.

It could just be a ploy to get more attention for Bitcoin. The problem is that if Bitcoin is used for extortions like this, it would be a great excuse for the U.S. government to put pressure to shut down the Bitcoin exchanges and any business that accepts or uses Bitcoin. Sad
128  Bitcoin / Bitcoin Discussion / Re: Romney's tax returns - first Bitcoin extortion? on: September 05, 2012, 06:46:23 AM
If this person was really serious about getting paid he would ask for 50 or 100K, But they would only pay if he released a teaser like page 65-100 on year 2008 to prove that he has something of value.

They could have sent the private key to decrypt the files to the Romney campaign to prove that they have the tax returns.
129  Bitcoin / Bitcoin Discussion / Re: Bitcoin would make payroll awesome on: August 31, 2012, 11:27:47 PM
Everyone I know has electronic automatic deposit into their checking account. But I'm sure not everyone can get that. Bitcoin would indeed be awesome for payroll, and pretty much everything else that involves money. Cheesy
130  Bitcoin / Bitcoin Discussion / Re: Please stop sending me bitcoins... on: August 31, 2012, 05:19:47 PM
https://bitcointalk.org/index.php?topic=104476.0
131  Bitcoin / Bitcoin Discussion / Re: New Hampshire Deputy Secretary of State Recognizes Bitcoin Contributions on: August 30, 2012, 11:59:43 PM
I don't think it is as big a deal as it seems. The same laws apply to any donations: cars, boats, airplanes, apples, carrots... Pretty much anything that can be sold for fiat currency.

Yes, but so far there has never been legal recognition of bitcoin as being equivalent to "property" that has "value" that someone "can own."  Given that Bitcoin's are really just a figment of the digital imagination of millions of GPUs and CPUs, it remains uncertain how they might be recognized in the legal system.

This is the first legal context that it has been recognized as property with value.  It's not the biggest legal context there can be:  exactly where it falls in the world of securitys, stocks, FOREX, etc, remains to be seen.  But it's still a first step among many.

And the important part, is that it's first foray into a beaurocrat's lap has been positive:  if it had been shot down for whatever reason, Bitcoin would start off at a disadvantage.  We'd be fighting an uphill battle.  So, this is a very positive thing, and enables others to jump on board because now there is a bit of precendence that they can leverage.

Are you saying other digital currencies like WoW gold and SLLs wouldn't be considered property as well? The government has recognized all kinds of other digital 'stuff' as property, certainly peoples accounts to online services etc. I just don't see them declaring Bitcoin as property that has sales value as that big a deal. I think there is already precedent there for digital assets. If they declared it as some kind of officially recognized 'foreign' currency, that would be something else. But property? Meh.

I do agree that the fact that it wasn't shot down was good though.
132  Bitcoin / Bitcoin Discussion / Re: Malicious Bitcoin Address Rewrites on: August 30, 2012, 11:52:43 PM
You can get entry level SSL certs for $40 or less these days.

The entry level certs are domain not entity verification and don't have the fancy "green address bar" but they do provide the same top level encrypted communication.

An example:   https://www.rapidssl.com

If someone can't afford $40 they shouldn't be working with financial data.

Hmm maybe we should offer SSL paid in BTC. 

That's what I thought. I've bought SSL certs before and it was around that price. As for buying SSL certs with Bitcoin, that would be cool but I don't think the sale could be anonymous since you have to provide some identifying info to get the cert.
133  Bitcoin / Bitcoin Discussion / Re: Malicious Bitcoin Address Rewrites on: August 30, 2012, 11:31:48 PM
You are speaking of a man-in-the middle attack which is not surprising that it would be possible to exploit it. It's not an exploit to bitcoin per se but to the way people share addresses.

It looks like Satoshi Dice would be a prime candidate for this attack, their page doesn't use SSL: http://satoshidice.com/

Yikes!

You can connect to satoshidice using their selfsigned ssl though.

That triggered a security alert in my browser. Not good. Sad

That's normal, because it's self signed alas no trusted 3rd party authority. If I am correct in theory if an attacker can intercept the whole connection he can break it but not if you establish the thrust using a secure connection. (lets say your home internet access) and use it (lets say you connect your notebook to your work lan) at an untrusted location afterwards.

In my opinion this is pretty bad. People probably aren't exploiting this now because they don't know about Bitcoin, but who knows in the future. These sites should definitely be using SSL with 3rd party certs.
134  Bitcoin / Bitcoin Discussion / Re: Malicious Bitcoin Address Rewrites on: August 30, 2012, 11:23:55 PM
You are speaking of a man-in-the middle attack which is not surprising that it would be possible to exploit it. It's not an exploit to bitcoin per se but to the way people share addresses.

It looks like Satoshi Dice would be a prime candidate for this attack, their page doesn't use SSL: http://satoshidice.com/

Yikes!

You can connect to satoshidice using their selfsigned ssl though.

That triggered a security alert in my browser. Not good. Sad
135  Bitcoin / Bitcoin Discussion / Re: Malicious Bitcoin Address Rewrites on: August 30, 2012, 11:13:45 PM
It looks like Satoshi Dice would be a prime candidate for this attack, their page doesn't use SSL: http://satoshidice.com/

Yikes!
136  Economy / Long-term offers / Re: Black Pearl Investments - 15% Weekly Interest. Enough booty for everybody! on: August 30, 2012, 09:50:25 PM
There is no way in hell you have been given 18,000 BTC. I'm calling bullshit.

It wasn't given to him. He stole those BTC! Yaaaaaaaarrr!
137  Economy / Speculation / Re: Bitcoin Project will be making a major announcement in September on: August 30, 2012, 06:00:50 PM
Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service Smiley

It would be even better if bitcoins would be the only method of payment.  Grin

It might have to be! Paypal, Visa and Mastercard are all out. Most international bank transactions seem to use US-based banks as intermediaries. What else is left?

Liberty Reserve maybe?
138  Economy / Service Discussion / Re: Coinbase - Become an Investor - Good Investment? on: August 30, 2012, 05:40:16 PM
In a way, buying bitcoins is an investment in all bitcoin related companies.  You'll stand to benefit if any one or several of them are successful.

So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?  Grin
I didn't say not to invest in specific companies you might think will be successful...just commenting on the nature of buying and holding bitcoin.  The infrastructure around bitcoin (that individuals and businesses create) will increase the value of bitcoin itself.  Likewise, the increasing value of bitcoin helps those businesses finance themselves (assuming the businesses have themselves invested in bitcoin).  Clearly, if everyone just bought bitcoin and then sat on their ass, bitcoin wouldn't end up being nearly as valuable.  But, just buying and holding bitcoin does help bitcoin businesses.  You are deferring consumption and allocating capital to the bitcoin ecosystem.

A company that has a significant amount of money invested in Bitcoin directly is crazy. Bitcoin can lose half of its value in an hour. That's not something you can build a business on...
139  Bitcoin / Bitcoin Discussion / Re: New Hampshire Deputy Secretary of State Recognizes Bitcoin Contributions on: August 30, 2012, 05:27:47 PM
this might be bigger than it looks on the surface.
we have

a politician now really accepting bitcoin donations
an established process
a state official ok'ing them.

of course, it is not as easy for him as posting a single address online like a charity. he needs to collect name and address beforehand. i am sure there is an easy solution for that.

I don't think it is as big a deal as it seems. The same laws apply to any donations: cars, boats, airplanes, apples, carrots... Pretty much anything that can be sold for fiat currency.
140  Bitcoin / Bitcoin Discussion / Re: Malicious Bitcoin Address Rewrites on: August 30, 2012, 08:19:22 AM
This problem isn't limited to Bitcoin, and applies to any kind of financial transaction conducted over an insecure channel, which is exactly why you're supposed to always use HTTPS for financial transactions. I thought everyone knew that already?

I think every message is signed with the private key. You can not modify it.
True, you cannot modify a transaction after it has been sent, but the question is about changing a bitcoin address as it appears on, eg, a store's webpage, in order to trick users into sending coins to the wrong address.

In theory, every Bitcoin address received should be encrypted. However, in practice, this probably isn't going to happen. Just as an example, a lot of the sites here: https://en.bitcoin.it/wiki/Donation-accepting_organizations_and_projects have their donation Bitcoin address on an unencrypted web page. If I tried to send a large donation to one of those sites, the Bitcoin address could fairly easily be rewritten upon page load.
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