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17901  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. The Brookings Institution weighs in. on: September 03, 2011, 11:40:58 AM
The best way to rob a bank?  Own one.

best way to rob a bank...Huh

Wait for a Tsunami, and have a large boat nearby.

A guy in Japan recently returned 70 Million in funds locked in vaults that washed ashore after the flooding from the tsunami.

Why are the Japanese so gullible and dumb and nice?

FUCK THAT!

Banks insured! I KEEP IT ALL!

http://www.pbs.org/moyers/journal/04032009/watch.html

"The best way to rob a bank?  Own one."
17902  Economy / Economics / Re: The Great Bank Robbery on: September 03, 2011, 07:16:41 AM
Other than the $700 billion blank check Bush handed the banks back in 2008, the $1.3 trillion in additional stimulus was provided in the form of equity or bonds, most of which have been sold off at a net profit to the American taxpayers.

Unbury your head from the sand and stop posting garbage!

http://www.federalreserve.gov/releases/h41/Current/

cut the bullshit.  the Feds balance sheet has only gone UP from garbage dumped on it from the banks.
17903  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. The Brookings Institution weighs in. on: September 03, 2011, 07:05:03 AM
The best way to rob a bank?  Own one.
17904  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 03, 2011, 06:47:11 AM
http://sportstwo.com/threads/152296-Poster-BenDavis503-Threatens-to-Hack-My-PC?daysprune=-1

" Re: Poster BenDavis503 Threatens to Hack My PC
 Originally Posted by hoojacks  
Looking at what you posted, he threatened to hack the site, and then "get" your IP and then "really fuck with you."

The first rule of the internet is that no one knows how to do the things they claim they do. The second rule is that only someone retarded would threaten to do something and then do it.

So I wouldn't get in a tizzy about it.


Well, I have been a network administrator since about 2000. A network admins main job is network security and defense. I have been to multiple Def-Cons and been a computer geek for most of my life. I wouldn't be so fast to say "no one knows how to do the things they claim to do".

As well, I have owned and operated many websites, including vBulletin forums. I know what I am doing. For PapaGs sake, don't make me prove it.

Um, how long have you been reading BenDavis503?

If it takes a retard to make a threat, what does that make the person who creates a thread crying about it and reports the post to a moderator? I will take the former.

lol
Someone please perm ban me, and do not let me back."
17905  Bitcoin / Bitcoin Discussion / Re: Input Requested for Possible Bitcoin Convention on: September 03, 2011, 02:06:30 AM
I'd love to go on "all expenses paid" trip to a conference like this. Particularly if many people from that list are present.

I would present a talk on mining (novice and intermediate level). And maybe even hold a raffle (free of course) for some of my super-puper  secret mining rig cases.  Roll Eyes

@cypherdoc: one more person for your list: ArtForz


funny, i thought of him after i added Falkvinge and S3052 but got lazy.
17906  Economy / Economics / Re: The Great Bank Robbery on: September 02, 2011, 09:00:41 PM
Quote
The Great Bank Robbery
The authors own positions that profit if bank stocks decline in value.
Grin  Grin
As a corollary to this it would be nice to require the moderators to post the disclosures about their personal investments in Bitcoin and similar currencies they are hyping/bashing.

why?  the moderator didn't leave any comment.  all he did is post an article that is right on the money.  care to dispute the facts?
17907  Economy / Economics / Re: Gold: I smell a trap on: September 02, 2011, 08:01:47 PM
Congratulations miscreanity.  Good to see you back.  Awesome few days for gold and silver.

17908  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 02, 2011, 04:16:48 PM
Now the real fun will begin... The fuckers are feeling threated by Bitcoin. It's a huge day for Bitcoin, believe me.

Believe me.  They can't do anything about it.

yea they could.. go after dwoala , camp bx , flexcoin...  then push Japan to put pressure on Mt. Gox ...

Can they shut down bitcoin?  No.. but they can send it to 10 cents by the time they are done.



you mean like they're doing with gold?
17909  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. The Brookings Institution weighs in. on: September 02, 2011, 04:15:49 PM
http://www.libertariannews.org/2011/09/02/national-intelligence-university-academic-launches-attack-against-digital-currencies/

another excellent read about this paper by michaelsuede.
17910  Bitcoin / Bitcoin Discussion / Re: [ANN] The World's First Bitcoin Luxury Wrist Watch! on: September 02, 2011, 02:45:15 PM
Hope the transaction will goes smoothly, did you used an escrow for it ?

no
17911  Bitcoin / Bitcoin Discussion / Re: [ANN] The World's First Bitcoin Luxury Wrist Watch! on: September 02, 2011, 02:12:56 PM
i have not.  its taking way longer than i thought it would.
17912  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. The Brookings Institution weighs in. on: September 02, 2011, 01:23:55 PM
http://irdial.com/blogdial/?p=3181

excellent read.
17913  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 02, 2011, 12:32:39 AM

Don't get hysterical with joy yet.

You'll notice they use bitcoin as a proof that these things are possible, not that anything is really happening worth noting. And if you'll read the rest of the paper it goes on to show that African financial services and WoW gold are actually much, much more important than bitcoin probably will ever be. After all, how many new bitcoin users were there in Kenya today? One? Zero? There were thousands of new M-PESA users. These guys don't give a shit about bitcoin.

And frankly, I'm surprised that any of you all are shocked or angry that some think tanks are proposing obnoxious policy solutions. That's what they do. If nobody paid any attention to their whitepapers, nobody would give them any funding, and the moderate thinktanks are thus squeezed out of the public discourse.

i wouldn't be so skeptical.  someone here said they talked to an M Pesa rep the other day who admitted Bitcoin would be much less expensive to implement for Safaricom.  there's only so long that one can ignore a cheaper alternative.  we're also getting a Kenyan Exchange soon i think so the hammer will eventually come down by Bitcoin.
17914  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 08:11:48 PM
"The potential Achilles heel of Bitcoin—that each server in the network contains a complete record
of all transactions—will almost certainly be addressed in future systems that distribute transaction
information so that no single server or small collection of servers contains a complete transaction
record."

i thought this was our strength?

It is the achilies heel because the complete transaction record can be combed through to pinpoint where the money went, thereby connecting identities to illegal transactions. Or something like that. To me trying to find a person by tracking down their money through the blockchain sounds almost impossible, but I guess really smart people could do it.

i totally disagree.  the more widely the entire tx record is distributed the stronger the network is to an attack.  all it takes is for one node with a complete record to restore/redistribute Bitcoin to the rest of us in the off chance everyone else gets taken down.  all the gov't needs is one copy gotten from blockexplorer.com to comb through but it doesn't really matter; its pretty pseudonymous.
17915  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 08:05:37 PM
The syntax of that sentence does not imply that it is the law enforcements achilles heel. Seems like they got it all wrong, this is what keeps btc from being counterfeited and prevents double spends. Harder to counterfeit than actual cash! That is one hell of a trait considering cash has been around for so long. An applause to mr Nakamoto.

thats exactly right.  THIS is what gives me hope.  dealing with a bunch of dummies.  i'm bullish.
17916  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 08:03:27 PM
Only had to go to page 4 for the best quote in the doc:

Quote
Almost no one would argue that governments do not have a right to track and trace digital financial transactions associated with activities such as terrorism and human trafficking.

I would.

I would argue that governments do not have a right to track and trace a damn thing, regardless what I'm suspected of. I've seen this argument in various forms so many times it's laughable and I'm honestly surprised that, for once, they didn't throw "child pornography" into that sentence. It IS the classic scapegoat of governmental agencies who want more power/control after all.

yeah, they used that phrase at least twice in the document as if they have a mandate to save all of us at the expense of our liberties and to their enrichment.  sickening really.
17917  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 07:50:26 PM
"The potential Achilles heel of Bitcoin—that each server in the network contains a complete record
of all transactions—will almost certainly be addressed in future systems that distribute transaction
information so that no single server or small collection of servers contains a complete transaction
record."

i thought this was our strength?

It's law enforcement's Achilles Heel, that's why they say that, I think.
It's a good read. It's kind of boring though. Not much news really. But it does show Bitcoins impact and reaction from corporations and government.

Clearly Bitcoin is a problem for some people. This is a very good thing.  Cool

yeah, i thought it was boring too.  but what made it boring is that its not really a research piece.  no statistics, figures, graphs.  just alot of fear and innuendo justifying gov't counteraction.  something you'd expect from a gov't pawn.
17918  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 07:48:05 PM
Now the real fun will begin... The fuckers are feeling threated by Bitcoin. It's a huge day for Bitcoin, believe me.

Believe me.  They can't do anything about it.
17919  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 07:46:35 PM
"war on sound money" is in works

LOL! Cheesy  do you know what a Central Bankers worst nightmare is?  SOUND MONEY!!!
17920  Bitcoin / Bitcoin Discussion / Re: These guys are UNBELIEVABLE. on: September 01, 2011, 07:37:56 PM
"The potential Achilles heel of Bitcoin—that each server in the network contains a complete record
of all transactions—will almost certainly be addressed in future systems that distribute transaction
information so that no single server or small collection of servers contains a complete transaction
record."

i thought this was our strength?
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