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1921  Bitcoin / Mining / Re: Can Miner Generate Vanity Address? on: August 22, 2014, 12:11:05 PM
Since the ASIC solves double-SHA256 and this is used in generating bitcoin addresses, may mining hardware be used to generate vanity addresses?
First, vanity addresses are a bad idea since they encourage address reuse, see my previous post.

Second, the hashing operation for mining is different than the hashing operation for generating vanity addresses.

Third, the hashing of the public key is only part of the time consuming operations needed to generate a vanity address.  Generation of a vanity address also involves: random private key generation, calculating the public key from the private key, base conversion, and finally regular expression matching.

None of this can be done by an ASIC designed specifically for Bitcoin mining.

So the answered is no.

Given a couple million dollars an ASIC could be designed and produced specifically for vanity address generation.  However this would be a huge loss as the market for long vanity addresses generation does not support the large NRE investment.

And to answer your next question, no, even with millions of state of the art ASICs all running 24/7 you could not generate a vanity address that was a full match to a known address so you could steal someone's BTC.
1922  Bitcoin / Mining / Re: Can Miner Generate Vanity Address? on: August 22, 2014, 11:50:16 AM
Receiving multiple transactions into a vanity address (or any address) does not pose a security risk but does pose a privacy risk.

Multiple sends from the vanity address (or any address) does reduce security since the first send from any address publishes the public key.

Address reuse of any kind poses a significant privacy risk not only to the address owner but to everyone doing transactions with the address owner.

Vanity addresses are very bad because they encourage address reuse, which reduces the overall privacy for the entire Bitcoin system.  Very few people, if any, create a vanity address in order to just use it one time.

Finally, address reuse poses a significant threat to the long term viability of Bitcoin because it poses a threat to the fungibility of Bitcoin.
1923  Economy / Service Discussion / Re: Issue with Blockchain.info and wallet recovery on: August 22, 2014, 12:38:22 AM
I am curious.  Why did you restore your wallet from an old backup?
1924  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: August 22, 2014, 12:22:21 AM
Now the Trezor shows full address without scrolling of recepient address when we sign outgoing transaction.
Why for this feature can need scrolling? My receiving address will have same length as outgoing address of recepient.
This is not a problem then.

And i think there will enough 10 head and 10 last characters because hacker should have a biggest power for quickly calculation vanity address where first 10 first & 10 last characters will match.
No this is not possible because the tail value contains the checksum of the entire address.  To do a vanity address with the same head and tail is equivalent (for all practical purposes) to creating a vanity address for the entire address, which is not possible.

But as you said this is not a problem anyway.  They can just display the entire thing.  Sorry I brought it up but I was trying to think of why this might be "hard" for them to do.

I didn't see this info from developer.
Yes I also would prefer to hear this directly from the dev team.

1925  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: August 22, 2014, 12:16:55 AM
So once the firmware update is done we should be able to verify the receiving addresses in the Trezor window before sending any BTC to the Trezor.

Thanks!
I didn't know about this.
I cannot find info about this.
It will be nice Wink
It is just above in this post:
Can stick/slush to add checking option to show current receiving address not only in computer but in the Trezor's screen too

Yes, they are working on it. I proposed this to them back in May. Meanwhile you can send small amount first and confirm with the receiver that he has received this small amount before sending the rest of the money. You will pay fee (which is quite small anyway) twice, but you will be safe from browser replacing BTC addresses.
BTW sending a small amount does not fix this problem:

Assume the web site is under the control of the hacker.
You send a small amount to the address shown on the screen.
The amount shows up on the screen as received and even when you look on any block explorer.
This proves nothing.
1926  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: August 22, 2014, 12:07:21 AM
(I assumed that the destination address(es) of every transaction to be signed by the Trezor were always displayed on the Trezor window, so that the client could check them independently of the computer and confirm with one of the two buttons.  I understand from the comment above that this is not always done, is that it?)
It is not done, yet.
P.S. I don't want to write here about this problem anymore.
I wrote 4-5 posts about this and zero reaction from developer.
From one of the posts above.  This is being worked on and will be fixed in a future update.

So once the firmware update is done we should be able to verify the receiving addresses in the Trezor window before sending any BTC to the Trezor.

I was wondering if displaying the entire address is the problem.  I see two solutions:

1) It should be good enough to display the head 10 characters and tail 10 characters of the address (or something like that)
2) Just use the two buttons to scroll left and right through the address in the window.  That way it can be larger and easier to read.

A long time ago (pages ago) I also suggested that the Trezor interface be enhanced so that the web site could have a button next to each Bitcoin address that said "verify this address".  Pressing the button would cause the window on the Trezor to display the same address in the sequence that the web site is displaying.  The the user could verify the two are the same.
1927  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin and Altcoins on: August 22, 2014, 12:00:10 AM
The only alt coins that may have a chance to become a possible contender to Bitcoin would be new alt coins that are actually much better than Bitcoin and uses this method for their initial coin distribution:

https://bitcointalk.org/index.php?topic=563925.0

Since there is not a single alt coin today that is better than Bitcoin and uses the method described in that thread all of them will fail.

Yes, all of them.

This is because the first alt coin to be better than Bitcoin and use that method will wipe out all the other alt coins.
1928  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: August 21, 2014, 10:55:29 PM
Sorry but I have been emailing them for a week with one single reply and nothing since 4 days.  How on earth can you say I am in the wrong here.  Either their support is the worst support I've ever seen or what I said is true.

Your thoughts might make sense but I can show you countless examples where even though a company makes money they will do anything to make more.  I have countless of examples with Cryptsy doing this for example.
I totally understand your frustration after 4 days.  I would be upset also.

When you deposit BTC at localbitcoins you basically loan the BTC to them and they then own the BTC seeing as they have the private keys for the BTC at that point.

There is nothing you can do, including passwords or 2FA, that would prevent them from stealing your BTC if that is what they have in mind.

Posting here is a good way to possibly bring their attention to the issue but I would not hold your breath.

100% of my locatbitcoins.com transactions have been perfect.  I would not hesitate to do business there again.
I agree with you but, have you had your password changed?  If not, then your comment is not relevent to the current conversation.
1929  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 21, 2014, 07:20:22 PM
Oh well, I wish i paid more attention in physics class. Will we able to travel to other planets then?
And astronomy class Wink

Travel to the nearby planets is totally possible in fact we have already sent and landed unmanned spacecraft there already.  Mars is totally within the reach of present day technology.  Very expensive but totally possible.
1930  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: August 21, 2014, 04:48:42 PM
I had my account hacked on localbitcoins and I can see that the bitcoins that were left are still in the localbitcoin wallet and all they do is ignore my emails to give me back my account.  They are trying to steal my bitcoins without any shame doing so.
So let me get this straight:

Someone took over your localbitcoins account and changed your password?  Is that correct?

Since you cannot get into your localbitcoins account to see your balance I must assume you are just looking at the number of BTC being held at your input address.  Correct?

Bad news dude.  Those are not your BTC.

The hacker has already pulled the BTC you had loaned on account to localbitcoins out and they are probably gone.  You see, when you make a withdrawl from localbitcoins they take some other BTC and send them out.  Those BTC that still happen to be sitting at your input address are theirs and they will use them to pay someone else - not you.

I am sorry your account was hacked.  Hopefully you did not lose too much.  Hopefully you learned to use two factor authentication and a strong random password on all of your Bitcoin accounts.

Do you have any idea how the thief got your password?
1931  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 21, 2014, 04:37:37 PM
It's a way of propelling a spaceship through space without the need for fuel like other traditional methods and the point is that you're completely missing people are making up any old bullshit about it instead of looking at the actual explanations of the inventor who discovered it. Consider it the same as electric car engines where you only have one moving part, it's the same sort of principle except it's been applied to space instead so that will mean less maintenance is required as well.

If you read my link as well, it's also not a theory, it's actually been tested, it's just on such a small scale people choose to dismiss it as you have.
I did read it.  And I don't dismiss it.

Your electric car analogy seems appropriate.

Electric cars have batteries that store energy.  The device in the articles also requires energy:  "The device (engine) requires an electrical power source to produce its reflecting internal microwaves but does not have any moving parts or require any reaction mass as fuel"

So, just like I said before, several times:  energy is being converted into motion.  But you still need an energy source.

Maybe you and I are in violent agreement here as opposed to some of the others in this thread that are claiming there is a new engine that gives you motion without input energy.
1932  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 21, 2014, 11:54:54 AM
I've never understood what the big deal is with this drive. It does require energy, and nobody sensible is claiming it is reactionless. Sure, using the quantum vacuum as remass is pretty neat, but it's no means a revolutionary idea.

It is a revolutionary idea, but not in the way people think, as for other people, don't you remember the hadron collider? There were some morons who thought they knew better claiming the thing was going to generate a black hole and of course the religious people out there were doing everything they could to harass the people working on it because it meant scientists were getting closer and closer to proving them wrong.

So they changed their minds and started to claim that LHC and other things support idea of God? Seems legit to me actually.

..... How the fuck did you come to that conclusion from my post?
Your mad because his straw man exposed yours?  Let's get back to yours:

Please explain how a theoretical engine design that has been cussed and discussed for the last few decades "is a revolutionary idea, but not in the way people think" because I do not see how your discussion of the hadron collider and the morons etc. has anything to do with the discussion at hand.
1933  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 21, 2014, 04:53:49 AM
We might never be able to achieve direct empty space to force conversion while remaining in control. But if we get to, say, the third turbocharger from this "space to force engine," we will be at a place where the emptier the space, the more "free fuel" we will have. We won't need to carry any. In fact, the more mass we carry, the more space will be affected around us so that we can't draw as much force from space itself.

Smiley
Nope.  Converting "empty space" to force (momentum) requires energy.  So, you are wrong.

Except that the thing that we call empty space is exactly the opposite of empty.

https://bitcointalk.org/index.php?topic=737322.msg8456692#msg8456692

We might need a little energy to get our engine started. But all it might take is some kind of a quantum physics "trick."

A turning car alternator, once it has an initial burst of electrical energy, continues to make way more electrical energy than it needs to cause itself to make even more electrical energy, as long as the mechanical energy is provided by the car engine. The thing we call empty space really has energy virtually unlimited.

Smiley
Again, you could not be more wrong.
1934  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 21, 2014, 01:23:09 AM
We might never be able to achieve direct empty space to force conversion while remaining in control. But if we get to, say, the third turbocharger from this "space to force engine," we will be at a place where the emptier the space, the more "free fuel" we will have. We won't need to carry any. In fact, the more mass we carry, the more space will be affected around us so that we can't draw as much force from space itself.

Smiley
Nope.  Converting "empty space" to force (momentum) requires energy.  So, you are wrong.
1935  Economy / Speculation / Re: The only reason Bitcoin is more valuable then other altcoins on: August 21, 2014, 01:17:26 AM
By the way these two guys never answered my questions:

There is a laundry list of features that could be safely added to Bitcoin which would make it usable in numerous financial industries.  And the items on that list simply aren't being added.  This is my biggest and only concern about the long term viability of Bitcoin.
Can you list five from your long laundry list that can safely be added with no fork?

I think it's more about actually putting its features to the test. A lot of these new altcoins have tons of awesome and cool features but they are just so new and untested.
Please describe in detail your "top 10 list" of these "awesome and cool features" from among the "tons" of new features "a lot of these new altcoins have".  Thanks.
1936  Economy / Speculation / Re: The only reason Bitcoin is more valuable then other altcoins on: August 21, 2014, 01:11:32 AM
The only alt coins that may have a chance to become a possible contender to Bitcoin would be a new alt that is actually much better than Bitcoin and uses this method for its initial coin distribution:

https://bitcointalk.org/index.php?topic=563925.0

In this post Peter may have singlehandedly killed off all past, current and future alts that do not use this method of initial coin distribution, including  Ethereum.  He is my new hero!

His post also has the potential of eliminating almost all of the incentive to make new alts for the "pump and dump of it" and reducing the entire alt space to serious condenders only.

If you want to know if any alt is going to succeed just ask these two questions:

    1) Is it better than Bitcoin in a market defining way?

    2) Does it implement the method of initial coin distribution suggested in that thread?

If the answer is yes to both questions then it has a chance of becoming something.
1937  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 20, 2014, 11:18:47 PM
Here is an outline of the calculation:

Assume you want to create electron/positron pairs from the flux.
You calculate the mass of the electron + the mass of the positron.
Now the amount of time/distance an electron/positron pair can wink into and exist before it has to wink out again is given by the uncertainty principle formula.

From this time/distance we can calculate the minimum and average electric field between the pair during the time they exist.

So if we create an electric field over the vacuum greater than that then we can "rip them appart" during the very short time that they wink in.

As we rip apart these pairs we can create two particle streams:  one stream of electrons the other stream of positrons.  Then, all that is needed is to accelerate the two streams using more electric fields and then toss the two streams out the back of the ship.

As I have said before this process takes energy that has to come from somewhere.
1938  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 20, 2014, 11:03:39 PM
This is where hydrogen fuel cells and cold fusion will come in handy, we just have to solve the problem of where to get lots of electricity now, the trick is getting something to work that doesn't revolve around strapping a radioactive bomb to your ship.
To see the problems you run into let's take your example of the "cold fusion reactor".  If it worked how would it work?  Well by converting mass to energy - are you with me so far?

Now we take that energy that was created by converting some of the mass of our ship and use this method to convert the energy back to matter so we can throw it off the ship.

It would have been better to just throw the original matter off the ship in the first place.

Do you see what I am saying?
1939  Other / Off-topic / Re: NASA Tests ‘Impossible’ no-fuel Quantum Space Engine – and it Actually Works on: August 20, 2014, 10:54:44 PM
I studied this a bit in college and yes it should be possible to create a particle stream from the background quantum flux with a strong enough and dense enough electrical field.  In fact, at that time I did a quick back of the envelope calculation on the required electrical field.  Don't remember the answer but if I get some time I may redo the calculations.  The particle stream thus produced could then be thrown out the back of a space ship in order to propel it forward.

I talked to my professors about it and they said, sure that should work.

However, due to the laws of physics, specifically the conservation of energy/mass/momentum, the amount of energy needed to do this is rather large and has to come from somewhere.  So I can see a way to convert say sunlight into mass/momentum and orbit around a star (the source of energy for the engine) but if you are out between the stars you are screwed unless you cary a source of energy with you (nuclear perhaps?).

I don't really know why this is all being hyped as something new.  I figured this out in the junior year in my EE degree in 1983 and as my professors said at that time "that is a well know theoretical engine design".
1940  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: August 20, 2014, 09:08:38 PM
The device is probably worth more than 3 bitcoins and for sure in a couple of years I could probably get a good price for it.
Sounds like you have a plan.
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