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1541  Economy / Speculation / If Butterfly Labs never delivers Bitcoin ASIC how this will afect Bitcoin price? on: October 05, 2012, 11:58:06 PM
Simple question, probably not so simple answers and predictions. Let's imagine Butterfly Labs are not going to deliver Bitcoin ASIC at all. The people preordering have lost money or btc. And the block reward is going down to 25BTC/block.

Will the Bitcoin price rise, fall or stay the same?
1542  Bitcoin / Development & Technical Discussion / Re: 2016 blocks = 14 days = 10 minutes per block - or not? on: October 05, 2012, 10:07:39 PM
But it's targeted to be 10 minutes. The current adjustment algorithm (as I understand it), will almost guarantee that it will be targeted to less than 10 minutes.
It "guarantees" it because the network power is increasing all the time. If network total power decreases all the time, it will "almost guarantee" that it will take more than 10 minutes on average.
1543  Bitcoin / Bitcoin Discussion / Re: What does Quantum Computing mean for Bitcoin? on: October 05, 2012, 10:05:30 PM
Quantum computers are like space travels to nearby galaxies - it is fun talking about them and researching possibilities, but it will not happen tomorrow or next year. Worrying that Bitcoin or asymmetric cryptography will became useless because of Quantum computers is like being afraid of alien invasion.
1544  Bitcoin / Development & Technical Discussion / Re: 2016 blocks = 14 days = 10 minutes per block - or not? on: October 05, 2012, 10:01:02 PM
You are not missing something. But if network power decreases on average it takes longer than 14 days to find 2016 blocks. There also is a small variation called luck.
1545  Bitcoin / Bitcoin Technical Support / Re: Any way to get much faster confirmations? on: October 05, 2012, 09:57:19 PM
Quote
Is there any way to get much faster confirmations?
Yes. Invest money and buy all available ATI Radeon GPUs available in your and neighboring countries and build a large mining farm. For a next 2 weeks or slightly less You will be mining the blocks by yourself at a increased rate until difficulty adjusts. This will give you and everyone else faster confirmations.
Quote
Sadly, this is the problem with Bitcoin, slow confirmations. I was recently at the supermarket, and this lady was paying with her debit card, but it took a while to sort things through as it was apparently cancelled. I had to wait around 10 minutes and the line had increased. If this is what I must endure if Bitcoin becomes global, then sorry, Bitcoin will be doomed to fail.
Bitcoins are not for replacing credit cards or cash for buying milk in supermarket. Bitcoins are for purchasing drugs on Silk Road, paying for hacker taking out your rival companies and so on. Bitcoins are a unique niche product.

And someone might say that faster confirmations will increase blockchain size and bitcoins will fail because of that. IMHO Bitcoins are in the sweet spot with block generation speed.

Any well connected node will spot double-spend almost instantly.
1546  Bitcoin / Bitcoin Technical Support / Re: What is the best client version so far? on: October 05, 2012, 09:45:10 PM
For me it is 0.3.21

Pros:
+ No forced transaction fees for tx over 0.01
+ Nice looking GUI
+ CPU and room heating feature a.k.a CPU mining is still there

Cons:
- rare DoS vulnerability
- rare bugs causing application to hang
- longer initial blockchain download

Using 0.4.1 right now but it sucks, it forces to add tx fee when sending new coins. Tx fee are bad when you are playing satoshi dice.
1547  Bitcoin / Bitcoin Discussion / Re: If you want to know why I hate the dev team and how they treat Bitcoin... on: October 04, 2012, 09:40:08 PM
Retards should not use computers. Use PayPal because it is a "thin client" for payments.

Each node should be verifying if it can. This protects network. It is a P2P currency after all. Even 2GHz Pentium 4 with 1GB of RAM have no problems with Bitcoin 0.4.1 running.
1548  Economy / Service Discussion / Re: Instawallet Funds Stolen on: October 04, 2012, 02:19:04 PM
Add more bitcoins so the balance is over 0.01 and then send all of them to new location.
1549  Bitcoin / Bitcoin Discussion / Re: Satoshi dumped Bitcoin right after Gavin announced he was going to the CIA. on: September 30, 2012, 10:27:15 PM
Ok, but how should he profit? What are you afraid of?
Unfixed exploits?
I'm affraid that he will put a code that let CIA to track every satoshi sent thru Bitcoin network. I bet in a few months "TBF" will announce that they issue trust certificates for merchants using Bitcoin or something similar.

Every transaction is stored in the blockchain. Once CIA manage to connect ur address with ur real identity - u'll be on their hook.
Dear CIA! My Bitcoin address is 1Aiq9FYv12GQjM9LeBHoNq9c3FfFaA4GTA please send few bitcoins to poor hacker and terrorist living in third world country so I can purchase drugs and maybe some explosives with these bitcoins.

You probably know that the bitcoin address can be generated easily and it can be linked to other random addresses when making transaction. Hope this will help CIA to determine if the transaction is going to payment for weapons or I'm just bored and play with instawallet or some other mixing service.

Please also send me few pictures of naked Obama next to F-19 Aurora.
1550  Economy / Goods / Re: 1TB New Western Digital Internal Hard Drives - 8.5 BTC + shipping on: September 29, 2012, 08:57:43 PM
I want to buy new Western Digital 1TB Velociraptor model WD1000DHTZ fast! Will pay in bitcoins.
1551  Bitcoin / Development & Technical Discussion / Re: Could a "moderate" attack to Bitcoin help on the long term? on: September 22, 2012, 02:46:58 PM
I don't use newer Bitcoin version because:
1. Bitcoin-Qt interface sucks hard. And there is nothing that I can reasonably do about it.
2. Old Bitcoin version allow me to send without any transaction fees. I dont trust the no-tx mod of newer Bitcoin.

Go ahead, attack me!
1552  Bitcoin / Bitcoin Discussion / Re: Coming Soon! impossible to steal wallets on: September 22, 2012, 02:38:12 PM
You guys realize you've resurrected a thread that is almost a year old?  Wink  I was about to comment on-topic but then decided against it after looking at the date.  Smiley
It is better to resurrect old topic than create new topics with same question again and again. It will be like TrueCrypt forum when noobs constantly ask about implementing data destruction on wrong password and DRM capabilities in TrueCrypt.
1553  Bitcoin / Bitcoin Discussion / Re: Coming Soon! impossible to steal wallets on: September 21, 2012, 04:58:59 PM
If someone can spend them, someone else can steal them.
One thinking people!

It is only matter of tweaking the hacking "payload" software to bypass the "protection". The biggest pain in ass was mobile phone authorization but it was bypassed by "synchronization" and installing malware on phone also. The only real problem now is people losing they own coins because phone or mobile subscription was cancelled or subverted by network operator.

Think again people! All things are simple. Keep Your computers clean and safe. Even 20$ router can do the job!
1554  Bitcoin / Development & Technical Discussion / Re: Solo mining on: September 21, 2012, 04:52:53 PM
Are You asking if server is submitting valid work to do?
1555  Bitcoin / Bitcoin Discussion / Re: i'm glad there are so many scams and frauds on: September 21, 2012, 04:48:05 PM
Well they really prove durability of Bitcoins as a medium of value and they also will teach the teachable part of human population to THINK! So OP point of view is valid.
1556  Bitcoin / Bitcoin Discussion / Re: i'm glad there are so many scams and frauds on: September 21, 2012, 04:40:37 PM
Idiots and inbred imbeciles should not use Bitcoin and computers in general. They will be scammed and stolen. All other free thinking people are welcome and benefit!

That would mean going back to the Internet pre-WWW. Pandora's Box is open. Eternal September is here to stay.
Keep anything important off the computers if you dont know how to manage it!
1557  Bitcoin / Bitcoin Discussion / Re: Coming Soon! impossible to steal wallets on: September 21, 2012, 04:39:27 PM
Scam, scam, scam! No "access control" or encryption will really save you if your computer is compromised by remote access trojan. Trust me, I have spent years on malware and hacking scene and I know it. I have stolen about 400 Bitcoins that I own right now. And even this was a free time leisure and for fun.

Tape backup is no more reliable than regular hard drive backups. For my own servers under my control I have slowly abandoned LTO tapes in favor of regular offline HDD backups because they are cheaper and faster than LTO tape. And the backup is only a protection in a case if server is hit by 88mm armor piercing round, it does not protect from hacking or anything else.
1558  Bitcoin / Bitcoin Discussion / Re: i'm glad there are so many scams and frauds on: September 21, 2012, 04:31:01 PM
Idiots and inbred imbeciles should not use Bitcoin and computers in general. They will be scammed and stolen. All other free thinking people are welcome and benefit!
1559  Economy / Service Discussion / Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence on: September 20, 2012, 10:08:06 PM
As I suspected long time ago You will not get your preordered ASICs! At least not from Corpse-fly Labs. This suspicion did not stopped various people talking and panicking about ASIC mining and proposing to abandon/fail Bitcoin in favour of "ASIC unfriendly" cryptocurrencies or suggesting "ASIC unfriendly" changes in original Bitcoin protocol.
1560  Economy / Speculation / Re: The Great Silk Road Crash of 20** ...? on: September 20, 2012, 07:29:11 PM
He is talking trolling about embedded images that are server-side. Even if this is possible somehow (I doubt it) then the server will fetch the image using Tor network and our "genius" will see Tor exit node's IP address in his logs. His posts at the end sound hillarious. How can someone know about all this stuff and have completely wrong understanding even in the basics? Maybe he is a so called "white hat" who just finished 5 year training in computer security?
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