At 24 min, Charlie explains that he was very near to getting a resolution within the Foundation on being more proactive about the recurrent Mt. Gox problems. Perhaps this is why he was discrediting by the government.
I speculate the government has been somehow involved in creating the Mt. Gox failures, in order to push their coming regulatory control of Bitcoin.
he's lying. there was no resolution. otherwise, he would have shared his resolution. the only discussion that took place was what they both agreed would be said so that neither one incriminated the other. they are both being investigated for MONEY LAUNDERING. How do we know you are not a paid government infiltration agent? Can you corroborate any of your allegations? I am not saying you are incorrect, but all I read is mud slinging and no corroboration of facts. How do we know that you and rat aren't the exact same paid infiltration agent? |
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If you have ever made a purchase via bitcoins (that's the only payment option available) No. An actual for-profit company. I'll give you a hint: It has Bitcon in its name. Is it a Store that has Bitcoin in its name? |
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Yet I'm the only one to call them out as scammers? Come on, how do you expect future customers of theirs will find this thread? I never had any money in Instawallet so I'm not going to use the trust feature in this forum, but I do point out this thread in relevant situations. |
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Forget about anonymity If you want to see $10K/btc. There are two ways to see $10K/btc, either because Bitcoin is ascending, or else because the USD is descending. In spite of this I imagine the propaganda and pressure on the Bitcoin community to sell off their privacy is only going to increase. I think the community is too smart to fall for that. |
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Ordinarily I would have trouble believing that a principle in a business would be so out-of-touch that he would not know the status of a nearly $1M claim. In Boussac's case, maybe. On the other hand, it's perfectly consistent with the normal behavior of a scammer. In any case, this thread will stand as a monument to the reasons that nobody should ever trust them in any capacity ever again. |
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Just out of wondering if we paid for our tickets already i take it there will be a list or something at the door to get it?
Yes. |
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it's precisely because there was no regulation, no security, and no lock on the door, that thieves on all levels saw it as an open invitation to come in and plunder.
Code is good, but it still can be manipulated, everything counts all hands on deck Bitcoin exists because code is safer than regulation. |
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Bitcoin is supposed to work without the need for a trusted third party. If that were true, we wouldn't be here discussing MK's evil deeds. Bitcoin works fine without a trusted third party. Bitcoin users who refrained from trusting any third parties lost exactly zero bitcoins. Bitcoin promises to let your "be your own bank". If you decide to be your own daytrader then you're on your own. I agree. However it's a fact that an inordinately large number of people chose to entrust their bitcoins to an unreliable third party such as Mt.Gox. The resulting disaster and those that may follow along the same lines can be tackled either a) by pointing out , not without reason, that this is a non-issue, since in the bitcoin world it's every man for himself. That's fine , but it may scare off the naive adopter, i.e. the vast majority of people, compromising bitcoin's success. or b) by introducing regulation for exchanges, i.e. turning them into banks, transforming the current bitcoin model into something quite different. or c) Better softwareAll this talk about regulation is a smokescreen for convincing the community to surrender to the vampire squid. Everybody pushing this line of shit can fuck off. |
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It's ridiculous to need to have 3 computers, cold and hot wallet storage, 2 level verification on every account, because they system is so corrupt. The system itself needs more security, accountability, self-regulation, verification, validation, valuation, certification, assurances, insurances, guarantees, and integrity. And it will get all those things. No new organization will be required to do that, however. Just code. |
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Bitcoin is supposed to work without the need for a trusted third party. If that were true, we wouldn't be here discussing MK's evil deeds. Bitcoin works fine without a trusted third party. Bitcoin users who refrained from trusting any third parties lost exactly zero bitcoins. Bitcoin promises to let your "be your own bank". If you decide to be your own daytrader then you're on your own. |
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Whos are the 2600 group? http://lmgtfy.com/?q=2600+groupAnd what did they find? A security problem that required the manufacturer to patch all affected machines. |
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Textbook confirmation bias happening in the thread.
Does no one ever stop to think that no matter how powerful the FBI (who is in charge of DOMESTIC issues by the way, but that is another thing) is they would never be able to take bitcoins away from Mt Gox without the private keys.
How would the FBI or any other government agency get the private keys to Gox's coins?
Think. Think people.
They'd go to the bank where the safety deposit box holding the keys was held and demand they hand it over. |
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Agreed. Even after the theft, within one minute of talking to someone about what happened at Gox I can gauge how much they know about BTC the protocol.
1. They mispronounce it BIT CON, not to be sarcastic either.
2. They say "Its too bad those bitcoins didn't work." What?
3. They refer to BTC as "Something drug cartels came up with to facilitate drug deals and launder money."
When Tulips come up I feel like wringing someone's stupid, ignorant neck, really. And the concept of "buying power" and how it relates to deflationary vs inflationary currency is just straight up too difficult for some people to comprehend.
This is all very good. The world will be a better place the fewer Bitcoins people like that end up holding. The future does not belong to them. |
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You guys think you're being clever by talking about semantic representations instead of the underlying concepts, but you're not.
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However if you convinced everyone on the planet that 2+2 does equal 5 then the calculator wouldn't be broken all the old incompatible ones would. No, it would just mean that humanity had somehow simuntaneously lost the capability to do arithmetic. |
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Yes and no. The basic idea is, if MtGox really just lost the keys to a 750K BTC wallet (which is a rumor), it would be technically possible to create a fork of Bitcoin where the original MtGox wallet is made unspendable by code and at the same time 750K new BTC are created in an address where MtGox has control. No need to inflate the total Bitcoin supply. It's technically possible to build a calculator that concludes "2+2=5" any time it would be convenient for that to be true. That wouldn't make the calculator any less broken. |
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And while I'm on the subject ... sometime in the next few months, the wallet of some major site will be hacked and a bunch of people are going to lose all of their bitcoins. You heard it here first.
Sounds like complete FUD to me. It is not FUD. It is reality. I am stating the obvious. People that allow others to hold their bitcoins for them are generally newbies that are simply unaware of the risk. It literally is FUD. You're basing this and the timeframe on absolutly nothing. Sorry. I can't resist. Told you so!Lucky guess. Not really. Since about 2010 or so a major site has been hacked and a bunch of people lose all their bitcoins every few months. It doesn't take a lot of luck to predict that what happened consistently for the last three years is going to keep happening absence some fundamental change in the way these sites are operated. |
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If someone was designing new forum software from scratch, one of the things they should do is rethink categorization of posts. Clearly, many users don't know or are not willing to post topics in the correct section of the forum. This can be caused by simple ignorance or malice. Either way, it greatly distracts from the usability of the forum and sucks up moderator time and attention. Letting posters the category first and them cleaning up after them later is suboptimal, so why not reverse the process? A user composes an new thread, but does not get to choose the category up front. When they are ready to submit their post, the forum chooses the category for them by having the poster interact with a finite state machine via a series of questions similar to the following: 1. This post is written in: 2. The primary topic of this post is: - The Bitcoin network, software, or currency
- A different cryptocurrency
- Something else
The FSM end state is the section where the thread is posted. Optionally, the forum software could do simple text analysis of the post and thread title to find possible duplicate threads, and ask the user to affirm their thread is new and not a dup. Lying during the submission process in order to deliberately miscategorize a thread is a bannable offense. The forum tracks member status (brand new, newbie, full member, hero member, etc) on a per-section basis taking into account how many of their threads get moved to other sections. If a user maintains a sufficiently high accuracy rating they "unlock" that section and can post to it directly without going through the FSM. This would be a lot of work to implement up front, but I suspect it would greatly reduce the ongoing moderation burden, especially because it removes most or all plausible deniability for trolls. |
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It's 1994 and you're whining that the Internet will never go anywhere because it's too complicated for Grandma to install Winsock and mess with AT commands.
You just lost 90% of the people here  Correct, and the 10% who would get it are still curled up in the fetal position after reading the word "winsock". |
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Yeah right, tell your grandma to use bitcoin client or use paper wallets...
bitcoin will remain a geek speculation as long as we don't have trustworthy bitcoin banks.
It's 1994 and you're whining that the Internet will never go anywhere because it's too complicated for Grandma to install Winsock and mess with AT commands. |
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