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141  Other / Off-topic / Re: Bitmessage security breach? on: August 26, 2013, 04:11:42 PM
Received the messages, noticed each had a unique ID as part of the link, so I never clicked on anything. Looks like an attempt to collect IPs of bitmessage users.
142  Bitcoin / Hardware / Re: Do we want to continue to allow varrious vendor hate in here? on: August 26, 2013, 03:48:42 PM
I see a big reason... what if the rig cost 50k and makes 10k per day. theymos should get to benefit from this for some reason?  If the site admin had any integrity he would tag inaba with the scammer tag inaba deserves.  All you've done is propose a method for theymos to make more money off the community.  Are you theymos sock puppet?

No. All I have done is propose a method for the community to protect itself from vaporware scams. If the product really exists, it makes no economic difference whatsoever to you or me who mines with it for a few days. It makes a big practical difference, however, to know or not know whether a product exists and performs as advertised. Would you rather have employees of the company secretly ot openly mine purely for profit, or a forum moderator mine and publicize the specs?

By the way, a company could also pay for the mod to visit them and test the finished product. Seeing your comment above, I suspect you would object to a moderator getting a paid trip, too.
143  Economy / Services / Re: Bitcoin Investment: 40% weekly from DonkeyMails on: August 26, 2013, 03:28:02 PM
You can make money on a real ponzi. This sounds like a pure and simple scam.
I made 6k off of 12Daily pro. 12% daily payout. Make a few bucks in Dad and Daves ponzi. Lost a free buck in Feeder Fund. This was a few years ago, when ponzi scams actually paid out. The key is to get in early and get out early.

http://www.youtube.com/watch?v=wNd0rWaChMs

Absolutely right but I'd personnally feel wrong taking off with another victim's money. I'd consider it taking part in the scam but it's just my humble opinion.
Yes, unless the scheme is advertised as a Ponzi - in that case, I have no problem with the whole thing. I wouldn't take part, but it wouldn't bother me. Everyone knows how it works, and they gamble trying to get out just in time.
144  Bitcoin / Hardware / Re: Do we want to continue to allow varrious vendor hate in here? on: August 26, 2013, 03:25:16 PM
Only product-specific threads allowed, once you, or your apointee, receive(s) a working device. It is up to vendors to supply these, including an optional prepaid return shipping if they desire them returned.

No product, no thread.

This is guaranteed to eliminate the majority of madness on all sides. You would be left with legitimate vendors, legitimate customers, and an occasional shill or a troll, much like in other subfora.

I like the "no product, no thread" idea.
Shunt everything else to mining speculation or scam accusation.
I agree.

No Product, no thread.

Except it should be changed to:

No Performance, No thread(s). <===

The reason I say this is because BFL can claim they have a product. So they would then argue they can have their thread with the above idea.

So I recommend there be "Performance" = "A thread".

(snip)

Yes, I assumed that was understood. The moderators here would receive a product and make sure it works as advertised. It makes sense for them to get compensated by keeping the coins mined during the test-drive (for bigger units) or by getting the unit for free (for smaller units, at the discretion of the vendor).

We would still have screaming related to backlogs, canceled orders, etc. - like any other product forum out there. Still, all the screaming related to vaporware, scams, and failed engineering would disappear. I see no good reason not to implement this.
145  Economy / Exchanges / Re: Official CaVirtex.com Thread on: August 26, 2013, 04:50:50 AM
How are the taxes working on this exchange?   If I purchase a BTC for say 100 USD.   Are they charging the GST on top of the full wack, or are they charging the GST on their fees only?   
The exchange is not selling you bitcoins. They provide a service of matching orders between buyers and sellers. They charge the fee for this service, and tax is included in this fee. The rest is between you and the CRA?
Am I right?
146  Economy / Service Discussion / Re: Dwolla freezing all financial transfers related to bitcoins?! on: August 26, 2013, 04:37:06 AM
I hope they appreciate their business circling the sinkhole.
The only reason to use Dwolla is to buy and sell bitcoins. Without that, they have no business.

Since they legally aren't allowed to serve the only market that is interested in their services it's all over for them. The founders are just consuming what remains of their investors' money while waiting for the company to die.

This is definitely not true.  Most payment processing services (like PayPal) just piggy-back on credit card processing networks and simply pass on the processing fees to the consumer.  Dwolla is working on building their own processing network that will compete directly with any service that uses these credit card processing networks.

Here's a great article to further understand what Dwolla is working towards:  http://www.businessinsider.com/this-28-year-old-is-making-sure-credit-cards-wont-exist-in-the-next-few-years-2011-11?op=1
...which makes them, in the long run, a competitor of Bitcoin. You should see their actions and excuses in the light of that fact.
147  Bitcoin / Hardware / Re: Guesstimate thread for total ASIC pre-order hashing power. on: August 26, 2013, 04:18:12 AM
Vendors who are past their NRE cost can provide practically unlimited quantities of chips at the cost that is orders of magnitude below today's prices. Thus, the answer to your inquiry is mostly in the domain of psychology of the miners, not in the domain of engineering of the vendors.
The hashing power that will be coming online through the gaping anus of all these preorders is elastic in the sense that vendors will simply keep selling as long as (pre)orders are coming in. Once the supply of suckers starts diminishing, the vendors will simply drop the $s/hash ratio. This will attract new customers, and also force some of the old ones to keep ordering so they don't drop out of the game (monarch anyone?). Then the price drops again. And again. And again. Only when we get close to the production cost, and vendors start operating on thin margins, will the game of power efficiency begin.

What does it cost to produce high volumes of ASICs? A couple of tens of dollars per chip, which is thermally limited to a couple of hundreds of watts, which currently might provide a couple of hundreds of GHash/s. There you go. Let's say ~0.2$s/Ghash. Next, we account for the RoI period miners are comfortable with - a year maybe? That's 1.3M coins up for grabs. Their value is anyone's guess, but let's say $400 per coin in the next year or two. That's half a billion dollars to be made, ignoring fees. The miner's investment then translates into 2E9 Ghash/s. Give or take. Once we hit that, the J/hash will become more important, and that's a whole another amazing story full of exotic technologies, exotic places, and politics.
148  Bitcoin / Hardware / Re: Do we want to continue to allow varrious vendor hate in here? on: August 26, 2013, 03:43:38 AM
Only product-specific threads allowed, once you, or your apointee, receive(s) a working device. It is up to vendors to supply these, including an optional prepaid return shipping if they desire them returned.

No product, no thread.

This is guaranteed to eliminate the majority of madness on all sides. You would be left with legitimate vendors, legitimate customers, and an occasional shill or a troll, much like in other subfora.
149  Economy / Services / Re: Bitcoin Investment: 40% weekly from DonkeyMails on: August 26, 2013, 03:29:54 AM
It is not a Ponzi until someone receives the 40% weekly payout. It is simply a scam. Send me your money, and you will get rich. Thank you. Goodbye.
150  Bitcoin / Bitcoin Discussion / Re: Future Proofing - Mesh Networking As Insurance Against ISP Attack on: August 25, 2013, 06:55:43 PM
Lots of ideas in this thread. What would be a good first step - something realistic, and within a reach? I lack in-depth understanding of Bitcoin networking and of the mesh networks being developed, so I can't really cast a meaningful vote untill we get specific proposals here.
151  Bitcoin / Legal / Fate of trademarks when business is failing on: August 25, 2013, 02:43:32 AM
What are possible scenarios regarding ownership of the "bitcoin" trademark (currently held by Mt. Gox) if owner goes bankrupt, or dissolves, or fails in other similar ways?
152  Other / Politics & Society / Re: Edward Snowden BTC ADDRESS 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa on: August 24, 2013, 10:53:26 PM
Really give this guys some spare BTC he deserves some help for what he did !

I thought he was doing it for the greater good, not money?

Besides, what's he going to spend the bitcoins on?

Really?  Roll Eyes

Is he going to withdraw it to his bank account?

Is he going to buy something off bitmit?

Is he going to get something nice off of SR?
Why wouldn't he withdraw it to his bank account? I hope you realize there are  banks in this world outside of the U.S.

He had balls, did the right thing, and I will support him.
153  Other / Politics & Society / Re: Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total on: August 24, 2013, 10:48:03 PM
That's our money.

Seriously, what is the fate of seized funds in cases like this? Can I ask for Uncle Sam for my withdrawal that got snatched?
154  Bitcoin / Bitcoin Discussion / Re: Future Proofing - Mesh Networking As Insurance Against ISP Attack on: August 24, 2013, 04:45:49 AM
Don't forget the HAWP.
155  Bitcoin / Bitcoin Discussion / Re: [ANNOUNCE] Android key rotation on: August 22, 2013, 09:30:06 PM
do not get your point. xor is not worse than or since none of them add any value in this context.
We are comparing XOR to concatenation. And XOR is much worse. If you XOR two values that have a lot of bits in common, even if each of them is secure individually, the result of the XOR may be predictable, even if you hash it afterwards. If you concatenate, the result is at least as strong as the weakest thing you concatenated, even if you hash it afterwards (up to the strength of the hash function).
You have chosen a particular state of brokenness of the two sources of entropy, so they tend to have bits in common, and so that xoring indeed leads to low-entropy seed. I have chosen a particular state of brokenness, so that one of the two sources is broken, the other is not. In that case, xoring will be at least as strong as the stronger source itself (the extreme case of broken source always returning the same number).
Having said all that, I can't remember why I thought concatenation might be worse - I was imagining a broken hash function whose output depends, for example, more on the first half of the input block, and less on the second half. But that still wouldn't help my original claim, since presumably my two inputs are the same size or larger than the block size - definitely not smaller, as that would be a glaring mistake.
Thanks for being patient with this. I've obviously realized a few things in the process, most importantly that amateur cryptography makes as much sense as amateur brain surgery.
156  Bitcoin / Wallet software / Re: BitcoinSpinner / Mycelium on: August 22, 2013, 04:10:47 PM
I am hoping for a separate piece of dedicated hardware to keep the private key in and to do any signing, with an observable, minimal data channel to the phone or computer that does the external communications. We don't have that yet, it is a hope for the future.

I believe you've just described Armory offline. Wink
And Trezor.
157  Bitcoin / Bitcoin Discussion / Re: xPost from Reddit: Paypal to accept Bitcoin this month? on: August 22, 2013, 04:24:31 AM
Yeah I doubt Paypal would do this.
Do what? I still don't see what PP would do with coins.  Unless they want to be the new Gox.
158  Bitcoin / Wallet software / Re: BitcoinSpinner / Mycelium on: August 21, 2013, 04:09:34 PM
In mycelium,
 how do you backup your encrypted wallet.dat?
Mycelium works differently then Bitcoin-QT in many ways. One of which is that it has no wallet.dat file.

For backup there are 3 basic approaches, all of which is done in the Keys & Addresses view. Long clicking on a key lets you choose Export, which allows you to:

  • 1. Click "Show QR-code", which displays a QR-code that contains you private key in SIPA format. You can scan that with another Mycelium wallet instance to import it, or take a picture with a camera, and later print it out, or keep it on the SD card in a safe place.
  • 2. Same as above, but additionally click "Copy Private Key to Clipboard". The SIPA formatted private key will go to the clipboard as text, and from there you can use it with other apps. Please note that other apps on your device have access to it, so be careful.
  • 3. Click "External Storage". If your device has an SD-card which contains a folder called "mycelium-export" this will export a JPG file to it, which contains the bitcoin address and private key as strings and QR-codes. From there you can print it out directly on a printer that accepts SD cards. Here is a demo that shows how it is done. This is what I always do.

If you use Mycelium for large amounts I suggest that you use a dedicated device for optimal security. Personally I use an old second hand Android 2.2, which I got for free, and which I nuked to factory defaults, installed cyanogenmod, no SIM, and only installed mycelium. I keep the device in my safe along with paper backups. Whenever I want to "load up" my spending wallet on my daily phone I use the Cold Storage feature. There is a nice demo of it here.
I presume the above warning about the clipboard access also applies to a jpg exported to the SD card...?
159  Bitcoin / Wallet software / Re: BitcoinSpinner / Mycelium on: August 21, 2013, 04:04:00 PM
In mycelium,
 how do you backup your encrypted wallet.dat?
On water skis, how do you pump tires?
Aww...   Be nice
I was nice... it was a zen koan!
160  Bitcoin / Wallet software / Re: BitcoinSpinner / Mycelium on: August 21, 2013, 02:56:03 PM
In mycelium,
 how do you backup your encrypted wallet.dat?
On water skis, how do you pump tires?
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