you have to laugh when all these OP trolls put up a post like this and then don't bother to elaborate or extend their thread. FUD!
Are you fucking kidding me? Where have you been? Inside a hole? ah, there u are. FYI, i have traded large sums of money in mtgox w/o any issues and MagTux has been straight forward and accommodating to me in every way. for anyone wanting liquidity and an owner who was an early adopter and who is dedicated to making Bitcoin work, you can't get any better than Mark. |
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you have to laugh when all these OP trolls put up a post like this and then don't bother to elaborate or extend their thread. FUD!
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Here are the instructions on the home page of btc.to:
"How do I use btc.to?
Simply enter a bitcoin address to receive or create a shortened btc.to address. If you have a shortened btc.to address, enter it to receive the original bitcoin address."
nowhere does it say you will receive an URL nor an example of what it will look like. it returned what i thought was an error.
this is an great example of the stupidity of some programmers in relation to the real world.
this is where Firstbits shines and no, i have NO vested interest in Firstbits.
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It's obvious that you are trolling. there are many new users here who miss some basic concepts relating to bitcoin. this might be one of those situations. 798 posts, probably not one of those situations. what am i doing wrong at btc.to? when i enter my address to receive a shortener, all i get back is a link to http://btc.to/1the reason http://btc.to exists is to let you register your bitcoin address with the service and get an an easy-to-remember url for future use. so to get a btc.co url, you first need to register with them your bitcoin address. step 1.) http://btc.costep 2.) paste your own bitcoin address (a new address from your own bitcoin client, or from your ewallet, or wherever) step 3.) click the go button you then will be given the url, something like http://btc.to/blah123you can then give out that url to receive payment, or to use this mobile app. thank you koin. f*ck the OP. as a Firstbits tester, that site is much more intuitive than remembering an url like this. all i have to do there is remember the first 5 characters of the same original address. |
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someone elsewhere said that if they got into mtgox system and already had everyones hashed passwords they wouldn't need the exact password b/c the system just looks to match the hashes. is this correct?
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what am i doing wrong at btc.to? when i enter my address to receive a shortener, all i get back is a link to http://btc.to/1I just tried a whole bunch of different addresses, bitcoin address -> shortened and shortened -> bitcoin and it worked very well for me. Please give me your address and I will try it.  i'm using a laptop browser. is it only meant for Android phones? |
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So who provides this address? The merchant at POS  The btc.to is simply just a shortener to make it easier for anyone to enter an address into the mobile (sometimes, it's difficult typing on a mobile screen - of course everyone's experience with this will vary). Whoever is providing the address would visit btc.to and create the address. what am i doing wrong at btc.to? when i enter my address to receive a shortener, all i get back is a link to http://btc.to/1 |
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I'm glad they posted this. I trust them a lot more after seeing this. The only thing missing is the exact number of coins stolen and the address they were sent to. I can't imagine why they didn't make that public.
Ah. One major thing that's bugging me is this - if the person doing this had so much access, why couldn't they change their limits and withdraw a large chunk of their freshly-created bitcoin balance? precisely what i've been thinking. i truly think a major financial institution or gov't related entity hacked the system with its sole purpose to drive down the price of btc. stealing the btc outright which would have been the logical and easiest first move for an individual. why go to the trouble of creating a selloff lasting 30 min? stealing the btc for an institution or gov't would have been an international crime whereas a creating a selloff could just be considered "national security". stealing the DB would also be information gathering. If you believe the individual was still subject to the withdrawl limits, the selloff makes sense and enabled him/her/them to escape with 2000BTC. It is conceivable that the limits were 'hard coded'. Why would a financial institution or gov't related entity want to drive down the price? AFAIK there are not many short sales in play at the moment. The statement from MtGox is helpful, however it doesn't address some of the anomalies identified in the transaction ledger. Why the sudden motion of 500k BTC immediately after the selloff? Why the sudden play of the very old accounts with 50BTC each? from the above comments, it seems this hacker was extremely talented or had access to significant processing power. to me changing the withdrawal limit and then stealing the btc would have been easiest and most logical first step. the limits are not hard coded. my own limits have been changed by Mark. Kevin Day also described a bug in the daily limit which allowed sequential withdrawals of $1000 from the same acct. if i have to explain why a financial inst or gov't would want to drive down the price of btc to you heaven help you. this was the financial market equivalent of naked short selling btc into oblivion. this is why i have argued against implementing short selling at this stage by mtgox. |
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I'm glad they posted this. I trust them a lot more after seeing this. The only thing missing is the exact number of coins stolen and the address they were sent to. I can't imagine why they didn't make that public.
Ah. One major thing that's bugging me is this - if the person doing this had so much access, why couldn't they change their limits and withdraw a large chunk of their freshly-created bitcoin balance? precisely what i've been thinking. i truly think a major financial institution or gov't related entity hacked the system with its sole purpose to drive down the price of btc. stealing the btc outright which would have been the logical and easiest first move for an individual. why go to the trouble of creating a selloff lasting 30 min? stealing the btc for an institution or gov't would have been an international crime whereas a creating a selloff could just be considered "national security". stealing the DB would also be information gathering. |
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Oh no, the gold bubble must have burst finally! Everybody, sell your gold!  i just did.  |
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well, i took the plunge and liquidated most of my gold bullion as well as all my silver bullion. nice to take profits but sure as hell hope i made the right move at what i think is the top in gold. kick me in a year if i'm wrong.
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actually it looks to me like the gold/silver bull market is over.
i envision a time when the gov't may use bitcoin as the basis for a digital "gold standard" upon which they could make USD loans which just happens to be an important part of economic growth whether we like it or not. fractional reserve lending just has to be reasonable.
the problem for precious metals has always been rebalancing the physical stores seamlessly over great distances to reflect countries overleveraging. with bitcoin, this rebalancing would be instantaneous. it would be a win/win situation: keep the USD intact, allow modest leveraging via debt formation, yet have a digital bitcoin backing to keep the system in check.
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For the next 25 days or so, certain traders affected directly by the Mt Gox rollback have zero commissions. That accounts for the historically narrow spreads.
Really? you would take zero commisions on a ROLLBACK? Someone could have made millions buying them at $0.01. Can you imaging the stock/forex market having to ROLLBACK? Not that I bought any at $0.01, but Mt Gox should be the one footing the bill. If they want to offer a trading platform, they better be tight on security and have tons of insurance. Fact is, it is Mt. Gox fault, and in the end, they paid nothing for their mistake. they are taking the hit. 2000 BTC worth. see their announcement from yesterday. |
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sorry to bug you with an off topic question but when i transfer a wallet.dat from a usb stick to a cdrom or to another usb stick on same computer, are there any traces of it left on hard drive?
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use Ubitex.org to do your match ups.
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shit is gonna hit the fan this weekend and you don't want to be stuck with worthless bitcois
why are you even here on this forum? all you do is constantly troll. banker? |
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i already have a secure key pair.
i suppose i could just order the public key half for my card?
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Q Bruce - PLEASE let the guests talk!
Is there one specific episode you have in mind... that I didn't let the guest speak enough? I was just listening to #16 this morning -- at the half way mark I thought: I don't know anything about this guest! If it's an interview, I would think the majority of what you say should be questions of the guest. Get yourself a copy of this - it really is superb: http://tinyurl.com/6zz7n3mKudos on taking this as kindly input -- you have my respect for that. OT: If no one else has suggested it, you need to get Nefario on. I'm listening. I really am. I just now went to Episode 16 and listened to it. The very first things I said at the very opening of the show.... were all introducing Patrick Timpone to the audience. I pretty much told the audience everything I know about him (aside from his personal life )... Did you miss that part? He is a very popular radio personality. He co-hosts The Real World of Money with Andy Gause. They have an enormous audience. They are moving that show to OnlyOneTV. Every Wednesday at 10am ET. That book must be good! $60 or $40 in used paperback form! I'm not sure I'd have time to read a massive book like that... but I will try to get my hands on a copy. I noticed that it's written by NPR reporters. Reporters from NPR were in my office all morning, and here for the show taping, the day before yesterday. I sure hope the end result is better than the impressions I got... ...is all I'll say. Who's Nefario? The name sounds familiar. Bruce, you were ON baby with the Timpone interview. you finally hit all the major rebuttal points that i've wanted you to broadcast to the world about the Fed, gold, inflation, and bitcoin. one thing i'd like to emphasize is that you seem to imply that the price of btc will keep on rising forever while the price of everything else will fall in relation to btc. while i agree that btc still has a long way to rise, i think its important for people to understand that at some price it will level out and become a stable, constant, currency that doesn't whipsaw up and down like it is now in its infancy. the reason this point is important is that if it did keep rising forever, number one it would crush the value of everyones other investments (homes, stocks, commodities, whatever) and this scares people. we don't want to scare people. Number two, if BTC is to ever become a currency we all WANT its value to stabilize at some point b/c only then could businesses rely on it to perform basic business functions w/o worrying about volatility in their money. WE just want it to stabilize somewhere North of $10,000  right now this is exactly the problem with the USD. while the overall value trend has been down over the last 100 yrs, most negatively it whipsaws up and down in the short term causing boom bust cycles with many businesses reduced to becoming currency speculators. overall, great show and i watch it everyday! |
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