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1861  Bitcoin / Bitcoin Discussion / Re: Thank you on: July 27, 2012, 02:56:22 AM
Erik works hard, too.
1862  Economy / Economics / Re: LIBOR scandal on: July 26, 2012, 11:48:56 PM
ehhh not surprising, pretty much everything related to the financial markets is "somewhat" manipulated.

I used to work on wall street :S

I never worked on wall street, but came to the same conclusion. It's ridiculous to try and draw lines, just like in competitive sports/doping. What if someone shoots steroids? Unfair to others. What if someone prepares at high elevation to boost up rbc count? Suddenly this is not unfair. What if she has got unusually high levels of testosterone? Depends. Someone arbitrarily decides what value is acceptable. What if someone includes a plant in the diet that contains a yet-uncontrolled booster? Today OK, tomorrow not so much. It's all bullshit.

1863  Economy / Service Discussion / Re: Request for feedback. FastCash4Bitcoins is considering going global. on: July 26, 2012, 06:30:15 PM
Assuming you manage to keep the fees low, you'll profit from people doing arbitrage (or by doing it yourself with all these tools at hand).
1864  Bitcoin / Legal / Discussing legal tactics in a public forum on: July 26, 2012, 05:59:38 PM
The title says it all, I hope. Discussing legal options and tactics in public is not a good idea. Serious matters are unfolding for some, from victims of theft to the thieves, with potentially serious consequences. If you've got a public statement to make, carefully think it through, then go ahead.

However, any exclusive information and any legal (or illegal!) advice you feel sharing should not be shared in public, as thieves are watching and planning accordingly.

I've noticed posts discussing options for asset protection, knives, broken legs, laundering, dealing with the police, and very specific court tactics. Some of these may be genuine good-hearted effort, some of it is thieves spreading FUD. Both help assholes get away with stolen goods.
1865  Bitcoin / Bitcoin Discussion / Re: MintChip challenge - Vote for Bitcoin! on: July 26, 2012, 04:38:11 AM
I haven't cast the vote yet. It's sure tempting to promote Bitcoin through this challenge, but then again Bitcoin already does everything MintChip might be doing, and much more. Oh, whatever. Let them be. I decided. Going to vote.
1866  Economy / Speculation / Re: What happens to Bitcoin when free energy is available? on: July 26, 2012, 03:38:48 AM
If unlimited energy were freely available to everyone all the time, everything would become a hobby. Including Bitcoin. Time would become the limiting factor, not money.
1867  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: July 26, 2012, 03:32:11 AM
Curious, what fuels this desire to buy them even at this price?

We still can't buy hardly anything with them andthe blockchain bloat problem hasn't been sorted out.

I was thinking the other day that there does not need to be a large active economy to correlate the price to, because Bitcoin can always act as a store of wealth so long as the community is large enough. But will people use it in this manner? The community is still very small.


There is rumour that this community is a very small part of the actual bitcoin economy.

By whom?

I was mining, buying and selling coins for half a year before registering on this forum. I'm sure there are many users who just don't bother registering.
1868  Bitcoin / Bitcoin Discussion / Re: an example of high-profile chip-level backdoor on: July 25, 2012, 02:52:13 PM

I'm not saying it's great. But yes, I think that is the attitude. If suddenly we had a chance to get at some high value information by using a back door on a chip, the CIA would do it in a heart beat. There would be no time to research it in an emergency. That's why the CIA hires p0eople to know about these things in advance.
Could that knowledge be abused by some "bad" government in the future. Sure it could.  Undecided
[/quote]

I highlighted the important part. The value for whom? From what I see, US citizens are not reaping benefits at all - the agencies represent interests of large capital - often international. We can keep naively justifying it in one way or another, or we can grow cynical, but that's not going to lead us to a better - or even good - world.

Anyhow, seems like we agree that yes, there are hardware backdoors, and yes, we should be aware of it. The reason for OP was that I felt many are not aware of the problem.
1869  Bitcoin / Bitcoin Discussion / Re: [Idea] Physical Bitcoin Mixing on: July 25, 2012, 05:56:56 AM
1) Attendees at a Bitcoin event are each given a physical Bitcoin (from a trusted source and perhaps in paper form to reduce overheads) that contains zero balance.

2) Each attendee then sends an specific amount (say 10 BTC) to their physical Bitcoin's public address.

3) Swap physical Bitcoins of the same amount with another attendee (after checking balance and making sure private key is still hidden).

Anyone tried this yet?


4) The honey pot is then cracked open, licked clean, and wrapped in yellow tape by DEA agents who have been watching you for a while. IRS can come, too.
1870  Bitcoin / Bitcoin Discussion / Re: How to verify a person's DOB without private information on: July 25, 2012, 05:49:39 AM
One way I thought of is if you had a couple (one may not cut it) social network accounts like Twitter, MySpace, FacePalm (couldn't resist), etc., showing posts by you and others that on a certain day, birthday wishes were exchanged. The longer the time frame, and the more networks you've belonged to, the better. It's not 100% foolproof, but the fact that it'll be consistent will go a long way.

~Bruno~


Target fixation, Bruno!  The check was supposed to be done "without revealing private information".
1871  Bitcoin / Mining speculation / Re: I have a theory about the recent ASIC bloodsucking on: July 24, 2012, 08:00:18 PM
https://bitcointalk.org/index.php?topic=86112.0

Hardware backdoors are a reality. Just like paper wallets, we need a low-tech alternative to hashing. I'm thinking massively parallel, coordinated child-labor camps in Southeast Asia operated under the pretense of schooling camps. First semester: arithmetics.
1872  Bitcoin / Bitcoin Discussion / Re: Who is Maria Korolov (Trombly), and why she spreads FUD? on: July 24, 2012, 07:03:12 PM
I wonder if I could pay her not to write. Or even better, if I could pay her to read and understand before writing.

Anyhow - we have no idea who paid for those articles, if anyone. Could be a weak attempt at market manipulation, could be the writer's own initiative driven by the need for traffic, and supported by laziness and ignorance. Could be one of the private e-payment processors she promotes in "5 reasons..."

[/thread]
1873  Bitcoin / Bitcoin Discussion / Re: How to verify a person's DOB without private information on: July 24, 2012, 04:42:45 PM
See how long it takes for them to answer what they were doing during:
Colorado movie shooting vs.
9/11 vs.
Challenger Accident vs.
Nixon Resignation vs.
Moon Landing vs.
JFK Assassination vs.
VJ-Day vs.
Pearl Harbor vs...


Nice job. Now it's never going to work.
1874  Bitcoin / Bitcoin Discussion / Re: How to verify a person's DOB without private information on: July 24, 2012, 02:55:48 PM
Well the only way I can think of to confirm age within the context of bitcoin would be to create a bitcoin address for someone at birth and use that address to "prove" their age. But with anonymity how do you know they just didn't buy an X year old address plus it can only track age from when the system is implemented.

Maybe the whole idea of age verification for anonymous violates the rules of anonymity.

Sigh...


My birthday was last Wednesday people! Hook an aging brotha up! LOL

I may be missing something, but to verify the age of X, X needs to be specified. Therefore, it is not anonymous.
1875  Bitcoin / Bitcoin Discussion / Who is Maria Korolov (Trombly), and why she spreads FUD? on: July 24, 2012, 02:49:25 PM
I don't mind criticism and fresh perspective, but PR campaigns - even pathetic and poorly executed - raise an eyebrow. You may have recently noticed a series of regurgitated, ill-researched, biased articles of this kind:

"Bitcoin: Seven reasons to be wary"
"7 Reasons to Beware Bitcoin"
"5 reasons grids should avoid Bitcoin"

Articles have been discussed in respective threads on the "Press" board, so please let's not waste time here dissecting them. 

A quick look at what the writer says about herself reveals that Maria Korolov (aka Maria Trombly until recently) is a writer-for-hire.

From Trombly International "about us" page:

Quote
Word rates vary depending on amount of reporting and difficulty of subject matter, but generally range from US$0.50 per word for general business reporting to $1.25 a word for highly technical financial and technology subjects.

An interesting question is - who pays her to spread FUD and why?  A one eyed-crook with a wooden leg?  A traditional asset securitization firm?
1876  Bitcoin / Bitcoin Discussion / Re: Wiki Captcha required - 60% new user creation on: July 24, 2012, 06:16:12 AM
Yes, please!  Also, what to do with spam accounts already created?
1877  Bitcoin / Legal / Re: California Money Transmission Act Making Bitcoins illegal in California? on: July 24, 2012, 05:26:13 AM
So if I store my bitcoins in my mind as a brainwallet, and whisper it to you then putting me in jail would be a violation of my 1st amendment freedom of speech rights.

This metaphor has been brought up in several threads, and is an important one. Bitcoin network simply allows people to broadcast information, and to agree upon the veracity of said information. Free speech.
1878  Other / Off-topic / Re: Bitcoin - Magic Computer Money on: July 24, 2012, 05:14:13 AM
Oh dear... some of you thought I was being serious  
I thought you were seriously drunk.
1879  Bitcoin / Press / Re: 2012-07-23 Network World - Bitcoin: Seven reasons to be wary on: July 24, 2012, 03:15:42 AM
At first I thought it was simply a lazy, incompetent writer hungry for visits, but the same article is featured on http://mobile.pcadvisor.co.uk/news/software/3371446/bitcoin-seven-reasons-be-wary/

Is this a PR campaign? Certainly pathetic and weak, but still - she rolls out two negative articles full of misinformation in two weeks, and the latest one is syndicated on multiple sites.
1880  Other / Off-topic / Re: Bitcoin - Magic Computer Money on: July 24, 2012, 02:59:52 AM
I'm glad you are brainstorming, but... You expect people to have blind trust in something you introduce to them as "magic"?  And it involves money? I certainly hope you forget about this idea for a while, then reconsider.
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