The code may be bad (a lot better now), but that's not the direct cause of the hacks. The infrastructure is a bigger problem. As I was the only guy building infrastructure, I will take the responsibility.
Objectives for my next project:
- Test code ratio: 1.5 : 1
- LOC/M: 5-6
- Leave infrastructure to a more experienced sysadmin/security professional that I personally know
I don't think you've figured it out yet zhoutong. The problem you have is figuring out who to trust and who to work with. 1.) You chose to work with Bitcoin Consultancy (genjix). FAIL. 2.) One of your partners stole stole your password. You trusted his computer. FAIL. 3.) You prefer the one-man-team where you code and do everything, trusting little to no one. FAIL. 4.) You hosted Bitcoinica in the cloud and trusted them, and put the wallet in the cloud losing tens of thousands of BTCs. FAIL. So in your objectives you need, " Learn who to trust". |
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ZT, how do u feel about the funder of bitcoinica is now a funder of coinlab?
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I was the first bitcoin blogger and wrote the first press releases, which I believe attracted some of the first users. As bitcoin grew others have taken my role which I have accepted.
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Any news on the transition?
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An incrementing nonce is more secure but benefits are probably negligible with random nonce.
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I've sent some payments but they take forever. Why so long? I think my bitcoins got lost through bitpay's service using your slow wallet.
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Funny how gold bugs will say that the economy will crash, therefore, people will invest in gold and the price will go up. Then when gold crashes they blame the economy as well. Huh? |
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I own gbail.com and ghail.com. Starting bid $2500 each (paid in BTC equivalent). A lot of people will email these domains usually with the fat finger of a smartphone or keyboard. For instance people will email " any_name@gbail.com" or " any_name@ghail.com". So, you can harvest emails not to mention get hits when people type ghail.com or gbail.com on their web browser. Currently registered with GoDaddy.com. These emails can be yours! Auction ends...April 30th at 00:00 UTC. |
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Ok, so you DDoSed yesterday. I can understand the profiting intent. Why are you DDoSing today?
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Suppose I develop an autonomous agent (AA) and make it open source. Code is freely available to download.
Someone modifies it and makes an ebay out of it and lets the AA loose on the web.
Then yet another person starts selling illegal goods on the ebay run by the AA.
The AA morphs and adapts and wants to live by buying and selling services on it's own. It can't be shut down. It spawns itself like a virus.
This could get messy. You can't take skynet to court, can you?
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There's a big difference between stocks and a currency like bitcoin.
Stock values are based on the idea that the underlying company will continue to grow and become more and more profitable. Eventually every company stumbles, or has a few bad quarters, and the investors flee to another stock.
Bitcoin is a completely different thing. There will eventually come a saturation point where everyone on the planet with an internet connection will be aware of bitcoin, and most will have some amount to use for buying and selling. When that happens the price will stop rising. Until then, as long as more people are becoming aware of bitcoin and using it for whatever purpose, the price will continue to rise.
I agree with this. This time it IS different. With stocks you have to "cash" out the unrealized gains for real gains to buy stuff. With Bitcoin you don't have to cash out. You can use bitcoins directly to buy goods. Right now, you cannot use bitcoins everywhere but in the long term more and more people will accept bitcoins. Bitcoin will naturally go through booms and busts, but the long term trends is up, up, up. |
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sorry, but I think Voorhees has some very rational, level-headed advice. for sure he believes bitcoin is going to go astronomical, and he is devoting all his efforts in support of this belief. but he's also correct in the belief that it could easily falter. in the short term  +1 What the fuck OP, you want some of the most influential people in bitcoin land to go full pumper-style on bitcoin as an investment? What happens to the people who take out student loans etc. to buy bitcoin should the price go down 15x like it did in the previous bubble/correction ? Yeah sure, anybody that held back then is now a whole lot richer, but some disillusioned people sold too. Honest to god, if I were Gavin or Erik I would be getting so fed up with having to defend yourself all the time from whatever venom some people feel they need to spit out next... I said they should keep quiet. |
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One major cause of the current rise/bubble in the price of bitcoin is argued to be the cyprus crisis leading to russian money moving into bitcoin. Based on this its interesting to note that over the last month the russian search volume for bitcoin has dropped from 70 to 34 (feb to march). If the flow of capital from russian accounts behaves in a similar manner this could push down the price of bitcoin. Over the current data set for this month its looking like a reading of 27 a drop of 20% in 9 days.
Not sure where you get your facts from but it looks like the russian search volume went up from feb to march to april: http://www.google.com/trends/explore#q=bitcoin&geo=RU&date=today%203-m&cmpt=q |
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I really am trying to be more polite on the internet. But seriously dude, you are making it hard. Take a deep breath, and act like a fucking adult. They were being responsible. If you want to find awesome great investments before they explode upwards, then you gotta do your own dirty work.
Bitcoin could explode tomorrow and everyone would be SOL. So it is a damn good idea to only invest what you can afford to lose.
Ok, I've changed the title to be nicer, but for the most part most of my messages were adult like. |
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Why are people not angry at Gavin for telling people to only invest their money they are willing to lose at $35-$40?
Why would anyone be angry at them for that? It's sound advice for any investment. I think my breaking point was when he spoke of speculators chasing squirrels. |
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You didn't answer to your own title..
Again, tell me why Gavin and Evoorhees are wrong?
What dirty work are you talking about?
I want Evoorhees and Gavin to admit that bitcoin will not go to zero. As for dirty work it is self explanatory. |
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Gavin and Evoorhees are trying to please everyone by attempting to put everyone's thoughts on cruise control, while almost everyone else is either hitting on the accelerator or slamming on the brakes.
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Mt. Gox hired like 20+ people to verify so it seems they are trying to compensate for the load. HOLD!
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Thx Mike. Someone PMed me and I am looking into that.
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