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Why are people still posting in a thread that was created by a known troll? Check out his previous posts.
We should not be acknowledging him or his accusations. He is king troll.
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Let's face it..As long as we continue to benchmark bitcoin against fiat, we can never reach that stage to independently claim "1 bitcoin is equal to 1 bitcoin" and that is no matter how hard you tried to convince people. Mainly this is what I feel is lacking and what I envision for bitcoin to become a currency of its own.
1 EURO is 1 EURO because it is inflationary. (In theory, Currency is stable, Product prices fluctuates). 1 BTC will never be 1 BTC because it is deflationary. (In theory, Products are stable, Currency price fluctuates). (Products can never be stable, since supply and demand for those products fluctuates). But, 1 BTC will one day equal 1 BTC, when 1 BTC has been permanently fixed in price. This can only happen when: (1) BTC is the World Currency. (Gold, Oil, Fiat, and Etc all valued in BTC). Or (2) BTC is permanently fixed to an inflationary currency. (Ex. EURO/USD/CNY). So, to attain Satoshi Nakamotos original goal, we either use bitcoin as is, or we have to supersede all other fiat. IMO, I consider BTC as a commodity, like Gold, even though it was intended as a currency. |
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I wonder how did a cold storage got stolen. ...
Most likely an inside job. |
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^^^Hey, can anyone point me in the direction or provide a link to get the above raw addresses data for myself?
Please PM me the info so I get it.
Thanks.
I extrat the data with a c++ blockchain parser and a perl script that I wrote. Damn. I was hoping somewhere this has been automated on a website. Great work otherwise. Maybe someone should create a website that data mines each new block, (or a few blocks a day) like you have done. I think that information is very important and that all Bitcoin users should have access to that, without needing C++ and Pearl knowledge. Great work nonetheless. |
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^^^Hey, can anyone point me in the direction or provide a link to get the above raw addresses data for myself?
Please PM me the info so I get it.
Thanks.
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I agree that its possible there are only two situations.
But as for (2), I wouldn't say that the exchanges manipulated the user to send the bitcoin.
Some exhanges are considered safe and trustworthly, currently, so people use them (day traders),and if one day an attacker compromises their code or someone on the inside steals the bitcoins, I think it would be considered privatekey control loss, over the manipulated loss. But I guess it could be considered both in that event.
When I stated (2), I was intending a reputable exchange/bank, that goes rouge, compared to an outright scam exchange (like what mycoin.hk, seems to have been).
Yes, but from the moment you sent your bitcoins to a exchange, you no longer own them. You are trusting that you will get back either bitcoins or dollars, but there's no 100% certainty. So you are saying that "trusting that you will get back either bitcoins or dollars" is the manipulation? I'd say that providing a false sense of security and presenting yourself as more capable of securing bitcoin funds against loss than you actually are is the manipulation. So if such is all true, would the Decentralized Exchanges (which seems to be the new thing/phrase around here) be already considered manipulation? |
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I agree that its possible there are only two situations.
But as for (2), I wouldn't say that the exchanges manipulated the user to send the bitcoin.
Some exhanges are considered safe and trustworthly, currently, so people use them (day traders),and if one day an attacker compromises their code or someone on the inside steals the bitcoins, I think it would be considered privatekey control loss, over the manipulated loss. But I guess it could be considered both in that event.
When I stated (2), I was intending a reputable exchange/bank, that goes rouge, compared to an outright scam exchange (like what mycoin.hk, seems to have been).
Yes, but from the moment you sent your bitcoins to a exchange, you no longer own them. You are trusting that you will get back either bitcoins or dollars, but there's no 100% certainty. So you are saying that "trusting that you will get back either bitcoins or dollars" is the manipulation? |
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People who use bitcoin, only lose them in four cases:
Actually, you can probably narrow it down to 2 cases. - The victim loses exclusive access to the private keys. (If you don't have exclusive access to your private keys, then you don't have any bitcoins).
- The attacker manipulates the victim into sending bitcoins to the attacker.
(1) Lose their private key. (If you do not know what a private key is, please educated yourself in Bitcoin basics)
Yes. In that case the victim has clearly lost exclusive access to the private keys. Either they have accidentally (or intentionally) destroyed their private keys, or they have allowed an attacker to gain access to the private keys. (2) Trust their Bitcoins in the hands of an exchange or bank. This is bitstamp and MtGox. (When you do this, you do not control your coins and can be stolen).
In that case the victim has been manipulated into sending the bitcoins to the attacker. MtGox and Bitstamp (the exchanges) each manipulated the users into sending them the bitcoins. Then the thief either gained access to the exchanges private keys, or the exchanges were manipulated into sending the bitcoins to the thief. (3) Scammed from someone in a bad transaction. (One person send bitcoin, and then other doesn't send money, product, etc.)
In that case the attacker has manipulated the victim into sending the bitcoins to the attacker. (4) Download malicious software (trojans, worms, keyloggers, malware, ransomware, etc.) that steal bitcoin out of your wallet.
In many cases the malicious software gains access to the victim's private keys and uses those private keys to create and authorize the transactions, so the user has lost exclusive access to their private keys. In the remaining cases (such as ransomware and some trojans) the malicious software manipulates the victim into sending the bitcoins. Maybe more but i can't think of them right now.
I'd be surprised if any of the remaining methods didn't involve either losing exclusive access to the private keys, or manipulate the victim into sending the bitcoins. I agree that its possible there are only two situations. But as for (2), I wouldn't say that the exchanges manipulated the user to send the bitcoin. Some exhanges are considered safe and trustworthly, currently, so people use them (day traders),and if one day an attacker compromises their code or someone on the inside steals the bitcoins, I think it would be considered privatekey control loss, over the manipulated loss. But I guess it could be considered both in that event. When I stated (2), I was intending a reputable exchange/bank, that goes rouge, compared to an outright scam exchange (like what mycoin.hk, seems to have been). |
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You do not have to worry about the actual security of bitcoin in those cases atleast it was both problems with the exchanges.
Bitcoin is an exchange system, the main function of the bitcoin is !!! exchange !!!! No bitcoin is not an exchange system, it is secured by mathematics. Trading sites are exchanges, exchanges just use Bitcoin, exchanges are completely seperate. If we not exchange our bitcoin what can we do?. How can we buy products? Please educated yourself on the basics of Bitcoin, before asking your questions. Bitcoin can be used as a medium of exchange. From you, to someone else (ex. family, a friend, a store, an exchange, an employee, etc). Bitcoin can not be counterfeited. There is no such thing and impossible. If it was, then bitcoin would be worthless. People who use bitcoin, only lose them in four cases: (1) Lose their private key. (If you do not know what a private key is, please educated yourself in Bitcoin basics) (2) Trust their Bitcoins in the hands of an exchange or bank. This is bitstamp and MtGox. (When you do this, you do not control your coins and can be stolen). (3) Scammed from someone in a bad transaction. (One person send bitcoin, and then other doesn't send money, product, etc.) (4) Download malicious software (trojans, worms, keyloggers, malware, ransomware, etc.) that steal bitcoin out of your wallet. Maybe more but i can't think of them right now. |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? It will last till 2140 when all the coins are mined then probably die , we can't see that tho , since we will be all dead by then I'm a time traveler, no lie. Bitcoin lasts till 2262. Thats the year when the Orion Colonialists destroy earth's blockchain network with CBBs. (Crypto-Breaker Bombardments). We lost (estimated) 405 million private keys (estimated to hold 7.4 million bitcoins) in that attack. Currently (well, back in my time), the Orion Colonialists have the only working blockchain network in this galactic sector and now control one of the four trade quadrants. Believe it! |
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FYI, the game loads and plays through Unity Player.
I don't know if Unity Player is safe or not. (Ex. whether it can auto download malicious files or etc)
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WOW! That is insane, if true.
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Given how many topics appear in the forum about people getting robbed, I wanted to throw a POLL to get some stats here. Thanks for participating.
Good poll question/answers. I hope you get many poll responses, I'm very interested in its final results. |
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Litecoin is on an upward trend, so as Bitcoin http://bit.ly/1x5QyYQ Do you think both these coin's price trend in anyway related? like every one says, i too don't think the bitcoin price and altcoin price are related. but i saw when bitcoin price droped suddenly, some altcoin prices like LTC, DRK, Doge wend up in price! I agree that those altcoins went up, I noticed that as well. My only question is why would anyone buy up Doge, when Bitcoin went down? Doge has unlimited supply now and isn't as serious as it once was. |
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I like to think that this is the calm before the storm.
One day we will be much higher from these numbers and your gonna wish for these days.
Get you coins now and hold (if you can).
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BTC was made just to make quick money. a gang is earning a lot of money from it and that's the story  a so called decentralized system will not be "mainstream" ever. yes, BTC gang opened many so called "media website" where they present BTC as being something extraordinary but everything is only PR, buzz just to attract more fools to put money in... And yet you're on this bitcoin forum 24/7 completely addicted and unable to move on to other, better things. That's the real paradox, isn't it? He wants to save us from investing more in BTC. Mayax, he has a point. Why are you here? Mayax is one of the paid shills, OP is talking about... remember his thread about how cold storage is now easily hacked... all he does is talk about how bitcoin is bad. His account is probably a sockpuppet for some South American government. |
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according to bitcoinwisdom coinbase has only two orders, one at 223 and other at 218 and price now is 1018.
And no volume.
Is it bitcoinwisdom issue or what?
I dont see any problem. Its prices seem normal. 220.46 currently. I don't think coinbase ever gave out its volume data. |
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Yes this is BS.
That is about 2.1 million bitcoins stolen, i think.
If it is all true, it was probably fake bitcoins or CNY trading like Mt.Gox, no actual losses.
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How much of that would be profit at today's prices? I don't know what Chinese electricity prices are. Video says that their electricity costs are $80,000 a month. I think that is per location, but not sure. Good video, i enjoyed it. Thanks. |
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