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1741  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 23, 2011, 10:34:52 AM
Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

yep, the bastards are just talking up their books, as usual...  Roll Eyes



1742  Economy / Trading Discussion / Re: About Mt. Gox flaw from a security expert on: June 23, 2011, 10:05:08 AM
2) I never said you need BSD for bitcoind. You need BSD to expose your services.

I do run all my bitcoind's on FreeBSD, works great!

3) I never said I have any software ready yet.

it's in /usr/ports/*/bitcoin , easy...


And again... it is not the choice of OS which makes a system secure, it is how sysadmin's hands are attached...

1743  Bitcoin / Bitcoin Discussion / Re: All this rage and BTC valuation is almost back where it was before the event. on: June 23, 2011, 09:58:01 AM
It appears that, unlike "mainstream press" shills, the market still thinks that mtgox episode is irrelevant. All 3 other exchanges with any noticeable volume, namely bitomat, trade hill and britcoin steadily trading at pre "mtgox crash" levels all 3 with good balance of bids and asks.

Kudos to Poles for being immune to BS and continuing trading without any breaks as if nothing has happened.

Once/if mtgox goes online there probably will be a pop in bitcoin valuation due to all the small traders converting fiat to bitcoin and getting it out ASAP.

I already feel like I am a personage of a cyberpank novel and this is just a prologue...

1744  Bitcoin / Bitcoin Discussion / Re: How do you edit the # of Bitcoins you have? on: June 23, 2011, 08:20:57 AM
The Bitcoin client is open source, so shouldn't there be a way to edit the # of Bitcoins you have? I have a plan to make millions doing this.

I want to implement a "Give Me 100 Bitcoins" button, because the difficulty of mining have been getting really high lately and I just wanted to make some quick cash.

Just use notepad or vi to edit your wallet.dat . Add a few zeroes in the right place... Simple really. That's what I do when I need more bitcoins.
1745  Other / Meta / Re: Bitcoin forum is terrible on: June 23, 2011, 08:18:36 AM
Preferably a forum where the devs are listening...

It really is pretty terrible. There needs to be a invite-only/heavily moderated forum that gets rid of the morons.
That'd be nice.

"Devs" left this forum long ago... They cannot be expected to listen to all this noise.
1746  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 23, 2011, 08:14:06 AM

Lol, looks like one of those "how do I run 10 000 miners stealthily" poster got busted, surprise, surprise.
1747  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 23, 2011, 08:07:56 AM
I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.
1748  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 23, 2011, 01:41:50 AM
Doug Casey on Bitcoin and Currencies
(Interviewed by Louis James, Editor, International Speculator)

http://howestreet.com/2011/06/doug-casey-bitcoin-currencies/

Quote
Doug: It’s a sign of the times. Lots of peo­ple are actively look­ing for an alter­na­tive to the dol­lar. I think Bit­coin is a very good thing, in prin­ci­ple. But after the recent dis­as­trous hack, it’s prob­a­bly a dead duck, at least in ver­sion 1.0.

Stopped reading right here. Doug has no clue.

1749  Economy / Trading Discussion / Re: About Mt. Gox flaw from a security expert on: June 21, 2011, 07:25:07 PM
Come on people, argument what is more secure Linux or BSD is so irrelevant when the sysadmin has hands growing out of his backside. And frankly, in the real world the later is usually the case.
1750  Bitcoin / Bitcoin Discussion / Re: Mt.Gox and void trades: Force Majeure on: June 21, 2011, 06:58:25 PM
MtGox.. you really need PR and a spokesman.

Dear Mtgox. please do get some help with PR, legal and security. You can (could) afford it. Do not be so damn greedy and spend some money on this now.

Do not try to do it all yourself. You are obviously not qualified in these 3 fields.

Constant lies and half truth's are very damaging from PR point of view.

Force majeure claim is naive to the extreme, how embarrassing.

The security field shortcomings are obvious. Do you realize that security is not a state, it is a process.

Get help, delegate things to pros, you cannot do it all yourself. It is a difficult step for a small biz operator but it has to be done.


More specifically, consider the following actions for your plunge protection team:

1. Get proper legal advise, get proper terms and conditions which you have user agree to at the sign up stage and than emailed to user as a pdf file. Some t&s on one of billion web sites somewhere on the net is not applicable and pretending that it is binding in any way is laughable.

2. Get yourself ISO 27001 certified. It will cost you but it is a great step from both PR and security point of view.

1751  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 21, 2011, 05:06:56 PM
Also carrotnews.com to make fun of all the stupid shills who do not even bother to check their facts. Name and shame, baby!

1752  Economy / Trading Discussion / Re: URGENT: What is next and legitimate on MtGox after the security issue? on: June 21, 2011, 05:54:17 AM
Look, I am not saying that rollbacks good or bad. I do not know this. I am just saying that this all will end in tears, either way, and lawyers will have a "field decade" over this.
1753  Bitcoin / Bitcoin Discussion / Re: all my coins gone today, sucks on: June 21, 2011, 05:47:22 AM
Sorry to hear this.

But people, how many times were you advised on this forum to consider counterparty risks, trust no one, encrypt your wallet and hang on to it?

Leaving 100k USD worth of bitcoins on some amateurish website... I am speechless...

1754  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: June 21, 2011, 05:27:55 AM
Elements is talking a lot of common sense in his last post. Rollbacks will haunt mtgox owners forever. And now imagine that a year from now one BTC worth 1000$ and it is bitcoins people (and lawyers) will demand, not dollars.

Though I really doubt existence of this single account with 500k BTC. It seems that 500k BTC is all the money combined from 60k accounts. If true, this would make not rolling trades back an impossibility for mtgox. If true, than mtgox by rolling back simply choses death by a thousand paper cuts as opposite to a quick cyanide injection.

1755  Economy / Trading Discussion / Re: URGENT: What is next and legitimate on MtGox after the security issue? on: June 21, 2011, 04:57:05 AM
Rollbacks will cause lots of legal issues down the road. Someone who bought 100 BTC at 3$ and got rolled back might not find it viable to file lawsuit in Japan now, but once BTC hits 100$ these people all of the sudden will find money for lawyers.

Chances are that Mt.Gox will be haunted by lawsuits for years should they decide to continue shifting their liabilities and risks to users and traders.

@bitdragon, note that the normal exchanges to get that kind of flexibility to null and void trades make all market participants to sign hundreds of pages worth of small script in contracts and other paperwork. How many pages in mtgox contracts and terms and conditions? Right, just about 0, isn't it?

From my point of view it looks like they have no qualified legal counsel at all.

1756  Bitcoin / Bitcoin Discussion / Re: I'm MtGox, here's my side. on: June 20, 2011, 11:30:12 PM
Seems like "option 4" taken by mtgox is quite reasonable. Most businesses in this position would do something very similar.
1757  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 20, 2011, 10:55:44 PM

What does it take to get Bitcoin on Forex?

The support of a central bank.

Ok I support it.

 Grin
1758  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 20, 2011, 10:33:52 PM
molecular, fair comment. Roll Eyes

It would be more accurate to say CNBC the financial reporting behemoth of TV. This is a channel which many many traders have in background all day long while trading all around the world. The pulling power of bitcoin via this little exposure on people with money to throw around shall not be underestimated.
1759  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: June 20, 2011, 09:39:32 PM
toasty, you, and many others, underestimate resilience of Bitcoin and overestimate it's dependence on mtgox. I mean medium and long term.

1760  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: June 20, 2011, 09:30:06 PM
Talk to a lawyer, preferably one specialising in securities. Who knows you might get a settlement from mtgox and rest of the community terms and conditions.

You will not find any justice even if you deserve it on the forum.



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