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1881  Alternate cryptocurrencies / Altcoin Discussion / MasterCoin : Blockchain builder | BLOG.CEX.IO | #cex #mastercoin on: May 23, 2014, 09:57:41 AM
            Mastercoin has recently gotten a lot of attention due to IPO of MaidSafeCoin, with the payment methods beings Mastercoin and Bitcoin. What makes Mastercoin different from the numerous cryptocurrencies available on the exchanges? Well the most significant is the use of layering itself on top of Bitcoins blockchain.

Now your second question is most likely “What’s the point of attaching your coin to another blockchain, instead of making your own?”. One of the biggest advantages of using a blockchain of a more secure and well-established coin is that it’s more secure. With Bitcoin’s network hash rate being measured in the petahash now, it’s going to take a lot to even make a 51% attack possible.

On top of that, Mastercoin, can be used as a blockchain itself for other coins to “bootstrap” on, or implement Mastercoins blockchain for their own currency. This isn’t a one-way road however, with people capable of making their own currencies based on the Mastercoin blockchain. Even without this major innovation, Mastercoin has plenty of other unique features. One that is especially impressive is their decentralized exchange, where Bitcoin timestamping service in their blockchain is used as the third party needed to confirm transactions.       

Read more at ''http://blog.cex.io/mastercoin-blockchain-builder/ "
1882  Other / Beginners & Help / Is there any paying get paid to work website that pays in bitcoins? on: May 22, 2014, 03:09:04 PM
Hi,
i want to know any website that pays their users by completing small tasks ie signup,facebook like,twitter follow,writing review and watching videos.Website must be legit and have good rating from their users

i likes this website but they don't pay in bitcoins ''gosignups.com'',''microworkers.com'' etc
1883  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn up to 2.4 BTC/Month by Posting on: May 22, 2014, 03:03:00 PM
Stunna want your attention on this topic

https://bitcointalk.org/index.php?topic=620552.0

"The topic or board you are looking for appears to be either missing or off limits to you"

Was it a joke or what?

No, he was suggesting people get paid by how many times their post is 'viewed' as opposed to per post, but I don't get how anyone could even tell that.

Yes! people should be paid by how many view on their threads

That would be easily abused with bots.
And what about other post?

I don't think bots can do it.
First they have to create account then they will view the thread? too long proccess

Haha. Of course they can do it. This forum is regularly flooded with bots, only when they post we can spot them. They don't have to post using your method. It's really not a good idea at all. Thread views won't translate to web hits anyway.

Indeed, I think that's a very bad way to decide how much you get paid. But I understand it's proposition, according to his Activity - 14 & Post - 18 level ^^.  Just hang on CoinBuddy, in a few months you will be well rewarded for your post using this service.

And of course bots can create many many many views in a small time.

Yeah.I will carry out work on devolpment and innovation in bitcoin.Thanks
1884  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn up to 2.4 BTC/Month by Posting on: May 22, 2014, 02:39:11 PM
Stunna want your attention on this topic

https://bitcointalk.org/index.php?topic=620552.0

"The topic or board you are looking for appears to be either missing or off limits to you"

Was it a joke or what?

No, he was suggesting people get paid by how many times their post is 'viewed' as opposed to per post, but I don't get how anyone could even tell that.

Yes! people should be paid by how many view on their threads

That would be easily abused with bots.
And what about other post?

I don't think bots can do it.
First they have to create account then they will view the thread? too long proccess
1885  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn up to 2.4 BTC/Month by Posting on: May 22, 2014, 02:27:33 PM
Stunna want your attention on this topic

https://bitcointalk.org/index.php?topic=620552.0

"The topic or board you are looking for appears to be either missing or off limits to you"

Was it a joke or what?

No, he was suggesting people get paid by how many times their post is 'viewed' as opposed to per post, but I don't get how anyone could even tell that.

Yes! people should be paid by how many view on their threads
1886  Bitcoin / Bitcoin Discussion / Bitcoin More Than CryptoCurrencies | Cex.io blog | #bitcoin #crypto on: May 22, 2014, 11:42:08 AM
     Courtesy Link 'http://blog.cex.io/btc-p2p'

Bitcoin is more than a cryptocurrency. It’s a risky concept that has so far, paid off. Many people thought that this couldn’t work, but it has. The concept? A peer to peer payment system.
Peer to peer payment gets completely rid of the middleman, in most cases the bank or government, allowing people to directly send payment from one person to another. This allows for lower transaction fees, and faster payment transactions, due to the fact that there is no middleman or third person to go through.

This doesn’t mean that payments aren’t any less secure. In fact, some might argue even more secure due to its decentralized nature. Since the whole system is based on cryptographic proofs and not trust, it is “computationally impractical to reverse transactions” allowing for safer transaction for buyers and sellers alike.

Without going too much into detail, the way transactions occur is as follows. Since an electronic coin is a chain of digital signatures, the way coins are moved from one person to another is by appending a hash of previous transactions and the owner’s public key, which then the person receiving the coin verifies.

This is where problems arise however, as the payee has no way of checking if the coin has been double spent, or used previously. Most common solution would be to use a third party to check payments, but would defeat the purpose of decentralized p2p payment.

Instead Bitcoin, and other cryptocurrencies, use a decentralized time-stamp server concept. A timestamp server’s purpose is to take hashes from block of times to be timestamped, then which is publicly broadcasted. This is proof that the transaction did occur at the time it says, otherwise the timestamp server could not have obtained the hash. Each timestamp includes a hash of the previous one, backing the timestamps the longer it goes.

In order for the timestamp to remain distributed, it is broadcasted to a proof-of-work system in which anyone can participate if they have SHA256 capable hardware. The proof-of-work involves “scanning for a value that when hashed, hash begins with a number of zero bits.”

For Bitcoins network, “we implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits”. After the hardware has completed this proof, the block cannot be changed without redoing the work. As other blocks are chained together, work required to change one block would require the work of all the blocks included in that chain.

This is the basis of how cryptocurrency works. Someone sends a transaction, hardware confirms. The system really is an intricate system, and with knowledge you will learn how to appreciate it, as it requires no central figure, and is run by the people, which was Satoshi’s main intention when making cryptocurrency. Now we have over 250 cryptocurrencies to choose from, but we have Bitcoin and Satoshi’s system to thank for all of it.
1887  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn up to 2.4 BTC/Month by Posting on: May 22, 2014, 11:20:06 AM
Stunna want your attention on this topic

https://bitcointalk.org/index.php?topic=620552.0
1888  Bitcoin / Press / Re: Even Hacker Loves Bitcoins | CoinReport | #bitcoin on: May 22, 2014, 07:53:57 AM
Thanks for the link i have read.i will now obey the rules really helpfull for newbie
1889  Bitcoin / Press / Re: Even Hacker Loves Bitcoins | CoinReport | #bitcoin on: May 22, 2014, 07:00:23 AM
I think because FBI can't track bitcoin, especially after mixing that bitcoin
safe for hacker Grin
but not good for bitcoin

hmm true
1890  Bitcoin / Press / 2014-5-21 Even Hacker Loves Bitcoins | CoinReport | #bitcoin on: May 22, 2014, 06:49:52 AM
Andrew “weev” Auernheimer is demanding nearly 30,000 bitcoins after being put behind bars for hacking AT&T and stealing data from more than 100,000 iPad users.

Hacker Demands Bitcoins

Before being released last month, Auernheimer served over three years in prison. In a letter to the US federal government, Auernheimer describes his 2011 arrest and how he was supervised. He writes:

“I have, over the course of 3 years, been made the victim of a criminal conspiracy by those in the federal government. This was a conspiracy of sedition and treason, perpetrated with violence by a limited number of federal agents to deprive me of my constitutional rights to a fair trial and unlawfully put me in prison. This is not a hallucination on my part.”
Auernheimer demanded that he be given restitution at the rate of 1 bitcoin per hour, for the amount of time he spent incarcerated. According to Auernheimer, he is owed $13.2 million dollars. However, the hacker refuses to accept government issued currency, and wishes to be paid in bitcoin.

The hacker claims that he does not want cash, “

as it is the preferred currency of criminal organizations such as the FBI, DOJ, ATF, and Federal Reserve and I do not assist criminal racketeering enterprises.”
Auernheimer feels he is owed money from the government after being held up at gunpoint by federal agents and taken away from his childhood home. He claims he was not allowed to exercise his liberties as a US citizen. His incarceration lasted between January 18th,2011 to April 11th, 2014, totaling 1,179 days.

At times, Auernheimer was contained in solitary confinement, serving his time for taking iPad users’ e-mail addresses and unique identifiers used to authenticate the devices to AT&T’s 3G wireless network.

If given the bitcoins, Auernheimer will use them towards a charitable cause, such as “building a series of memorial groves for the greatest patriots of our generation”.

1891  Bitcoin / Bitcoin Discussion / Euro Pacific Precious Metal chooses BitPay | CoinReport | #euro #bitpay on: May 22, 2014, 06:34:07 AM
Euro Pacific Precious Metals is a major international gold and silver dealer, and is now one of the largest companies in the world by volume to accept bitcoin. The company’s venture into the digital currency landscape is in good hands, as bitcoin payments processor Bitpay will handle all of their digital coin transactions.

Euro Pacific Precious Metals

Michael Finger, Director of Marketing at Euro Pacific Precious Metals stated in a press release that:

“Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers. A wire transfer of fiat funds can be slow and expensive for the customer, and credit card fees are too high to absorb at the low premiums we offer. Not only does BitPay’s service make business sense, but we are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency.”
The precious metals company is owned by Peter Schiff, and specializes in making top-notch bullion coins and bars for customers. With executives looking for a new way to secure transactions, bitcoin was an obvious choice. The partnership adds to Bitpay’s long list of businesses they provide their service for. CEO of Bitpay, Tony Gallippi stated:

“We are very excited to form a partnership with Euro Pacific Precious Metals, especially right on the heels of our collaboration with Toshiba. BitPay is honored to have a role in helping such global and established companies integrate bitcoin into their payment systems.”
Bitcoin Will Replace Credit

Bitpay is well on its way of becoming the Paypal of bitcoin payments. Through the payment processing service, merchants are able to save money on having to pay traditional transaction fees, which in turn saves money for consumers.

Just yesterday, Bitpay’s CTO, Stephen Pair took part in an interview, where he claimed credit card providers like Visa and MasterCard play an important role in bitcoin’s success.

Pair adds that the card provider’s have outdated finance systems, and will have no choice but to soon turn to bitcoin to carry on their businesses.
1892  Bitcoin / Bitcoin Discussion / Bitcoin Hater Schiff now selling gold for bitcoin | CNBC | #btc on: May 22, 2014, 06:24:32 AM
Peter Schiff is a famous gold proponent and investor, and more recently he has become known for his hatred of bitcoin. That is why it may seem odd that Schiff's Euro Pacific Precious Metals has announced that it is pairing with bitcoin payment processor BitPay in order to allow investors to buy gold and silver through Euro Pacific by using the digital currency.


In a November 2013 appearance on CNBC's "Futures Now," Schiff, chairman of Euro Pacific, declared that bitcoin was in a bubble that resembles "modern-day tulip mania." He added that "I don't think it's going to end up being a source of commerce for the world."

On Wednesday, BitPay announced that it was partnering with Euro Pacific in an arrangement that will allow customers to spend bitcoin in exchange for precious metals. But Schiff maintains that there has been no change in his thinking.

"My views have not evolved," Schiff wrote to C[Suspicious link removed]m. "A lot of people still own bitcoins, and for now, they are still valuable. So I certainly want to make it easier for bitcoin owners to use their bitcoins to purchase gold and silver from my company."


To be sure, the partnership does not mean that Euro Pacific is taking any direct position in bitcoin. BitPay converts the bitcoins from customers into the U.S. dollars in which Euro Pacific will be paid.
"It's a means of payment that allows us to complete the equivalent of credit card transactions, but with a much more efficient process and with a much lower fee," said Michael Finger, director of marketing at Euro Pacific. "Bitcoin facilitates the process, but we're not speculating on bitcoin in any way."

But it's more than a mere marriage of convenience. For Finger, bitcoin investors make for natural gold investors.

"A lot of people in bitcoin are hard money advocates. They know a lot about money, and monetary policy," Finger said. And if they have made a lot of money in bitcoin, there's a good chance they'd like to "put it into gold and silver, and not cash."

    Courtesy Link             
www.c[Suspicious link removed]m/id/101693790
1893  Alternate cryptocurrencies / Altcoin Discussion / Re: DarkCoin brightens | Wired | #darkcoin #bitcoin on: May 22, 2014, 06:13:46 AM
DarkCoin is second Bitcoin alternative.Its value is increasing everyday
1894  Economy / Service Discussion / Gold Bar Manufacturer to Start Accepting Bitcoin | BetaBeat | #gold on: May 21, 2014, 06:06:56 PM
Part of bitcoin’s mystique is that it isn’t backed up by anything of traditional value. It’s kind of like U.S. dollars in that way, come to think of it, although bitcoin rejects silver and gold defiantly.

So for a major precious metal dealer such as Euro Pacific to start accepting bitcoin is not only surprising, but also a likely feather in the cap for the cryptocurrency’s advocates.

Euro Pacific will now use BitPay to accept bitcoin, they announced this morning, making Euro Pacific the largest company by volume to accept the cryptocurrency to date.

The company, led by investor Peter Schiff, “specializes in making high-quality bullion coins and bars part of its customers’ financial portfolio,” a release states. So basically, the move will allow people to convert their bitcoins into gold bars so that they can finally enjoy physical fruits of their mining spoils like techie Scrooge McDucks.

“Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers,” Michael Finger, director of marketing at Euro Pacific Precious Metals, says in the release. “We are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency.”

So it’s the perfect solution for bitcoin users who are paranoid about the currency’s value plummeting, as it’s wont to do.

Of course, bitcoin will never become a true fiat currency. But this move offers bitcoiners the option to convert their cryptocurrency into gold in case of a drop. The move shows that Euro Pacific, at the very least, is confident in bitcoin’s value — an endorsement that’s especially notable after the tough winter the Bitcoin community weathered.
1895  Alternate cryptocurrencies / Altcoin Discussion / DarkCoin brightens | Wired | #darkcoin #bitcoin on: May 21, 2014, 05:59:28 PM
In only a month, the little-known bitcoin alternative known as Darkcoin has rocketed nearly tenfold in value–from around 75 cents a coin to almost seven dollars. Its selling point: Darkcoin offers far greater anonymity than bitcoin, mixing up users’ transactions so that it’s incredibly difficult to trace a payment to a person. And though few have yet to accept that more-anonymous coin for actual goods and services, the promise of Darkcoin’s privacy features seems to have sparked a miniature boom. It’s one of the fastest growing among the wave of cryptocurrencies that’s followed bitcoin’s success, with the total value of its combined coins topping out at nearly $30 million.

Darkcoin, supporters argue, serves a real privacy need. Despite its reputation for being more anonymous than traditional money, the bitcoin network actually allows anyone to see every transaction on a public accounting ledger known as the blockchain. Users often have to take extra steps, like mixing their coins in a “laundry” service, to prevent those addresses from being tied to their identity by any government or corporation that wants to snoop.

Darkcoin adds an extra layer of privacy by automatically combining any transaction its users make with those of two other users–a feature it calls Darksend–so that anyone analyzing the blockchain has a harder time figuring out where a particular user’s money ended up. “A large community believes that the way bitcoin’s blockchain is designed is a problem,” says Evan Duffield, the 32-year old Arizona-based software developer who launched Darkcoin in January. “Darkcoin has this anonymity aspect to it, which is attractive to a lot of people.”



Darkcoin’s uncanny growth, of course, may also be fueled by speculators who see an opportunity to jump on a hot commodity. And given how wildly it’s appreciated in its short life, there’s no guarantee it won’t crash just as fast.

But Darkcoin’s price increases may also be linked to real changes in its features, says Kristov Atlas, a bitcoin consultant and Darkcoin fan. He argues that its value comes in part from its unique properties as a payment system, not just as an investment vehicle. The currency’s first big price jump occurred in late April, for instance, when its Darksend privacy trick was initially switched on for real transactions. “It’s not purely a speculative bubble,” Atlas says. “There’s some solid indications the market price is currently based on the fundamental value of the coin.”

Darkcoin’s price may in fact be “manipulated” by investors, says Allen Price, a trader in the bitcoin alternatives known as “altcoins.” But he says it’s already outlasted his expectation that its price growth was caused by a pump-and-dump scam. “I had sort of smugly stood to the side waiting for the big, inevitable crash with an ‘I told you so’ ready,” says Price. “But no crash ever really came, and it’s been kind of an ongoing success for investors.”

Much of the currency’s more recent price increase, says Duffield, may stem from its system of financially rewarding users whose machines serve as the coordinators of its Darksend transactions. Anyone can become make their computer into one of those coordinators, which Duffield calls “master nodes,” by proving that they’ve paid a thousand darkcoins. In exchange, they reap ten percent of all new coins added to the Darkcoin network, which are distributed among the master nodes as an incentive for their work. Duffield says Darkcoiners seeking those rewards created 170 master nodes in the last month, tying up 170,000 darkcoins, a number that significantly decreased the currency’s supply and has likely helped raise its price.

Darkcoin’s creator also offers another, even stranger explanation for the currency’s value increase. Like bitcoin, Darkcoin can be “mined” by anyone who repeatedly computes a certain hash function. Darkcoin’s unique hashing algorithm means it’s almost as easy to mine it with a normal CPU as it is with the hotter-running GPU chips that are better suited to mining bitcoins. As the weather gets warmer, more miners may be turning to Darkcoin to exploit cheaper chips that don’t require as much cooling, Duffield says. “You get almost as much bang for your buck with a CPU as a GPU,” he says. “That’s drawing people over because the summer’s coming.”

Of course, the simplest theory explaining Darkcoin’s growth is, well, darker: It may be becoming a convenient tool for the black market. Bitcoin, after all, has become the currency of choice for more than a dozen websites that model themselves on the now-defunct Silk Road marketplace, running on the Tor anonymity network and selling drugs, forgeries and other contraband.

Only a couple of online stores currently accept Darkcoin for their products, like a wine shop and a UK-based seller of cannabis seeds. But some users may be trading bitcoins for darkcoins and back again, using the Darkcoin network as a giant bitcoin-laundering service. Those laundry transactions may be part of what’s driven Darkcoin’s massive trade volume, which has recently reached millions of dollars a day. “It’s sort of a private on-ramp and off-ramp into bitcoin,” says Atlas.

Duffield insists–and those who see financial privacy as a fundamental value may even believe him–that the black market isn’t the main driver of his cryptocurrency’s growth. “I don’t see much chatter about using it for illegal things,” he says. “It’s a neat technology and people want to invest in it because it’s useful.”

Darkcoin is just one of the growing number of projects attempting to make cryptocurrency payments more private and untraceable, some of which have no illusions about how they’re enabling illicit commerce. Earlier this month the crypto-anarchist group unSystem launched Dark Wallet, which it explicitly describes as “money laundering software.” A group of researchers at Johns Hopkins plans to launch Zerocoin later this year, a bitcoin alternative that uses a new mathematical trick called a “zero knowledge proof” to give its users a coin that’s theoretically completely untraceable.

If Darkcoin does catch on among real sellers of goods and services–legal or not-so-legal–expect its price explosion to continue. “We’re just waiting for that,” says Duffield. “When it happens, it’ll drive a whole other level of appreciation.”
1896  Other / Beginners & Help / Re: Hi! i am Coinbuddy.New to forum.Searching for freinds on: May 21, 2014, 09:43:06 AM
Whats is signature program?
and when i will get the member status?

Thanks all
You will be a member when you build your status on this forum. You can get 14 points of activity each 2 weeks as long as you have some posts during that time. You will earn member status when you reach 60 activity.

Thanks Bro!
1897  Bitcoin / Bitcoin Discussion / Re: More Bad News For Bitcoin | TheBlaze | #bitcoin #bad #theft on: May 21, 2014, 09:20:29 AM

The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.

what?
i have not created my account now.See the date registered bro.i am newbie

So u had to make a new account to make this post ? I guess the bullish move of Bitcoin graph is disappointing you. So hard u tried but could not take the price down to 300 USD again Cheesy

Ask your fed to do whatever they can... we are ready ...the strong hands Wink
1898  Bitcoin / Bitcoin Discussion / Re: More Bad News For Bitcoin | TheBlaze | #bitcoin #bad #theft on: May 21, 2014, 09:13:18 AM
let the FUD articles go to hell..i am going to be a bitcoin user no matter what the price of bitcoin is

true bitcoin spirit bro!

follow this

use bitcoin,promote bitcoin do not think whatever going about it
1899  Other / Beginners & Help / Re: Hi! i am Coinbuddy.New to forum.Searching for freinds on: May 21, 2014, 09:06:10 AM
Whats is signature program?
and when i will get the member status?

Thanks all
1900  Bitcoin / Bitcoin Discussion / More Bad News For Bitcoin | TheBlaze | #bitcoin #bad #theft on: May 21, 2014, 08:54:46 AM

The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.
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