Bitcoin Forum
May 27, 2024, 08:30:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 [964] 965 966 967 968 969 970 »
19261  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: May 01, 2011, 05:22:23 AM
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?

bitcoincharts.com last trade  $3.57/BTC
Thanks for the tip.  Smiley

yeah, least its UP
19262  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: May 01, 2011, 05:20:50 AM
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?

Because it [almost] works. I still block when loadavg goes too high, but it somehow works.

so some ppl r getting into your site while most others, like me, cannot?
19263  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 05:17:51 AM
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?
19264  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: May 01, 2011, 05:14:58 AM
why am i seeing mtgox recent trades on bitcoincharts.com on its 1 min interval?
19265  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 04:56:20 AM
Is there another "liquid" exchange, or is the only one down?

All go to the https://btcex.com just as planned

"as planned"?   
19266  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 04:55:14 AM
Is there another "liquid" exchange, or is the only one down?

Liquidity in banks do not move on weekends anyway, and we'll be back by monday Smiley


one of the great things about mtgox is the 24/7 trading
19267  Economy / Trading Discussion / Re: decentralized Bitcoin are highly centralized to mtgox!11 on: May 01, 2011, 03:03:53 AM
i get the gist of whats he's trying to say but man is it an effort! Cheesy
19268  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 03:01:48 AM
I just transferred 5 BTC over to MtGox earlier today, then less than an hour later it started becoming impossible to go on. And they never showed up in my balance.

Am I going to lose those bitcoins?

No, don't worry, this is fine. Your balance will show up correctly once things are back to normal.

MagTux, r u ever going to reply to my email requests?
19269  Economy / Trading Discussion / Re: decentralized Bitcoin are highly centralized to mtgox!11 on: May 01, 2011, 02:23:55 AM
By the way, I am announcing collecting donations for the ddos of mtgox for decreasing exchange rates!

1AwGzvwCxELCaJsxdzunhYTzTL6GVa2xvR

haxorz! please send letter to support@btcex.com and give your money for that work!

If this is a joke, it's a bad one. Angry

It sounds credible enough to be serious (with bitcoin address and email) for me to remove btcex from WeUseCoins until this is cleared up.

so bitcoinex owns btcex.com?  not to professional to advocate DDoS against a competitor...
19270  Economy / Trading Discussion / Re: decentralized Bitcoin are highly centralized to mtgox!11 on: May 01, 2011, 02:22:01 AM
i don't really mind the fees mtgox charges; what i do mind is the lack of service.  i've emailed Mag Tux a half a dozen times this week to do something for me but he has yet to perform.  i think its either too much work for him alone or he doesn't care.  i don't know which.
19271  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 02:08:49 AM
for us non hackers, is it possible to sustain a DDoS attack indefinitely and if so can mtgox restore functionality?

Nope.

nope to which part of the question?
19272  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 01:50:27 AM
for us non hackers, is it possible to sustain a DDoS attack indefinitely and if so can mtgox restore functionality?

in theory; but he will likely be able to find patterns in the traffic and/or block the right IPs to restore functionality.  depends on how smart a ddos and how much resources they have

has a gov't ever launched a DDoS?
19273  Economy / Trading Discussion / Re: MtGox - too many connections on: May 01, 2011, 01:42:59 AM
for us non hackers, is it possible to sustain a DDoS attack indefinitely and if so can mtgox restore functionality?
19274  Bitcoin / Bitcoin Discussion / Is MtGox down? on: May 01, 2011, 12:17:03 AM
can get to their website.  whats up?
19275  Bitcoin / Bitcoin Discussion / Re: How do we prevent money laundering and assasinations? on: April 30, 2011, 01:33:05 AM
"The client mixes account funds by default, and the current client makes no attempt to maintain any kind of seperation of funds."

can u explain this further? 
19276  Bitcoin / Bitcoin Discussion / Re: How do we prevent money laundering and assasinations? on: April 30, 2011, 01:28:46 AM
Bitcoin's system is anonymous, in the sense that identifying information is not available from the system itself, and that such information is not neccessary for it's function; unlike credit cards and the like.  However, bitcoin does nothing to prevent the user from breaking his own cover.

To say it more generally, anonymity requires that you not transfer or spend bitcoins in any way that attaches your identity to them; it is thus far better a tracking tool than cash but less effective a tracking tool than credit cards, ACH, SWIFT, and so on.

If you earn bitcoins anonymously, you can maintain anonymity as long as you properly hold the money (in the way Creighto was describing) and as long as, when you eventually transfer it to others, you either (1) avoid attaching your (non-pseudonymous) identity to that transaction or (2) deal with an intermediary (or set of intermediaries) to whom you disclose your identity but whom you trust not to disclose it to others.  As an example of (1), you might simply purchase a subscription to a website using a pseudonym and access it through Tor.  As an example of (2), you might convert bitcoin-denominated funds to USD using a bank that you believe will not choose (and cannot be coerced by those you wish to maintain anonymity from) to disclose your identity, or you might attempt to use a series of intermediate exchangers that mix and "launder" coins, hoping that the chain will not be compromised (and that its components haven't maintained logs if they are).

Whether it will in practice be feasible for a criminal to transfer large amounts of money in bitcoins anonymously in the ways they desire remains to be seen (and I would personally hope not and would support regulation to make it less likely), but it is already possible for criminals to transfer large amounts of cash.  Except to the extent that the physical limitations of cash provide opportunities for the detection of criminal activity (e.g., it has to be in a truck or on a plane for some amount of time), it ought to be strictly less likely for a wrongdoer to avoid detection using bitcoins.

how do u earn btc anonymously?  by mining? what about when i buy btc from mtgox and then transfer them to my wallet?  as i recall, i never had to give my name or other id info when i signed up for an acct did i?
19277  Bitcoin / Bitcoin Discussion / Re: BitCoin Liberation Army on: April 30, 2011, 12:55:31 AM
i am very bullish on bitcoin, i am not saying it has to be backed by silver, just pointing out that they have similar characteristics. both seem a good place to store value, and if your investment is split beetween these two options you are hedging your bets whatever the outcome.

If bitcoin is a  roaring success and the dollar dives silver will still be worth loads in bit coin as it is consumed in all those electronics in a good economy.

if bitcoin fails and we do have a massive depression silver will have more use and purchasing power than gold.

 Gold has no use and it is horded, therefore there is lots of it now above ground.
there is less silver above ground than there is gold, as it has mostly been consumed.

therefore silver would be worth more than gold if the price was not artificially manipulated down by the market makers dumping silver paper.

when these guys are exposed, silver will return to its true value as expressed in food, land, or homes to live in ....not usd.

I don't think it is too far out of the box to say bitcoin will meet parity with 1 oz of silver.
and a usd will be equal to some micro of a bitcoin or something very similar like www.witcoin.com

imagine what this system would be like if facebook rewarded everyone a micro payment for the valuable information they enter and started facecoin.

that would be the end of bitcoin, but i would still have my silver to buy facecoin with.

they are and they aren't similar.  both are good stores of value.  but silver can only be spent locally in a face to face transaction.  btc can be transmitted around the world in a flash.  the closest real world example to btc that i could find is m-pesa in Kenya.  its smartphone money controlled by the mobile operators to the exclusion of banks and cc operators.  the adoption rate has been exponential b/c the father of a Kenyan family working on one side of the country can SMS his earnings to his family on the other side of the country.  he used to have to ride a donkey across the country to hand deliver the money or pay a trusted courier which often resulted in his money being stolen.  the ability to transact across long distances is crucial to the success of future money.  Huwala is another example of moving money long distances and depends on trust.  where the trust factor of transporting btc to a merchant in exchange for goods can potentially result in fraud, i don't think it will be as big an issue as everyone thinks.  with services as WOT i think most txs will be honored w/o problems b/c any self respecting business wants to be successful and grow.  most ppl realize that fraud is a dead end.  an interesting phenomenon that i am noticing in these days of hard times is that merchants are bending over backwards to be helpful to me.  i have numerous times taken back merchandise to Best Buy, Apple, or Home Depot w/o a receipt and they have honored the return or cash back w/o any hassle.  my business vendors have been cooperative in reducing rates on my request.  once businesses like these realize they can dump the 4% cc fees on every tx, they will embrace btc IMHO.  another advantage of btc is its divisibility and scalability.  how are you going to pay for a loaf of bread with a silver eagle? 

well face to face and local is where most of my trading activities are happening on a day to day basis.
 Finding what you have to say interesting,and appreciate the extra info on the other systems.
i have been thinking hard about how to introduce businessmen to bit coin in my local area.
http://bitcointalk.org/index.php?topic=6644.0

I was thinking of buying the bread with the bitcoin actually and that second home in some remote region with the 1 oz silver.


not as local as u think.  how do u pay your telephone, electricity, and phone bills?  u either online bank it or write a check and mail it to some far away processing ctr.  how u gonna do that with Silver Eagles?  of course you 'll ask the same of btc.  but look what happened in Kenya.  the banks and cc's were screaming about not being in on the game btwn mobile operators and customers.  the Kenyan gov't looked at it and despite tremendous pressure voted to allow M pesa to continue b/c it was the cheaper way to go for the ppl.  this is what gives me hope for btc.  the lowest cost system should win out in the end.  i can foresee a future where you'll pay your telephone, electricity, and phone bills with btc.
19278  Bitcoin / Bitcoin Discussion / Re: BitCoin Liberation Army on: April 29, 2011, 11:51:25 PM
i am very bullish on bitcoin, i am not saying it has to be backed by silver, just pointing out that they have similar characteristics. both seem a good place to store value, and if your investment is split beetween these two options you are hedging your bets whatever the outcome.

If bitcoin is a  roaring success and the dollar dives silver will still be worth loads in bit coin as it is consumed in all those electronics in a good economy.

if bitcoin fails and we do have a massive depression silver will have more use and purchasing power than gold.

 Gold has no use and it is horded, therefore there is lots of it now above ground.
there is less silver above ground than there is gold, as it has mostly been consumed.

therefore silver would be worth more than gold if the price was not artificially manipulated down by the market makers dumping silver paper.

when these guys are exposed, silver will return to its true value as expressed in food, land, or homes to live in ....not usd.

I don't think it is too far out of the box to say bitcoin will meet parity with 1 oz of silver.
and a usd will be equal to some micro of a bitcoin or something very similar like www.witcoin.com

imagine what this system would be like if facebook rewarded everyone a micro payment for the valuable information they enter and started facecoin.

that would be the end of bitcoin, but i would still have my silver to buy facecoin with.

they are and they aren't similar.  both are good stores of value.  but silver can only be spent locally in a face to face transaction.  btc can be transmitted around the world in a flash.  the closest real world example to btc that i could find is m-pesa in Kenya.  its smartphone money controlled by the mobile operators to the exclusion of banks and cc operators.  the adoption rate has been exponential b/c the father of a Kenyan family working on one side of the country can SMS his earnings to his family on the other side of the country.  he used to have to ride a donkey across the country to hand deliver the money or pay a trusted courier which often resulted in his money being stolen.  the ability to transact across long distances is crucial to the success of future money.  Huwala is another example of moving money long distances and depends on trust.  where the trust factor of transporting btc to a merchant in exchange for goods can potentially result in fraud, i don't think it will be as big an issue as everyone thinks.  with services as WOT i think most txs will be honored w/o problems b/c any self respecting business wants to be successful and grow.  most ppl realize that fraud is a dead end.  an interesting phenomenon that i am noticing in these days of hard times is that merchants are bending over backwards to be helpful to me.  i have numerous times taken back merchandise to Best Buy, Apple, or Home Depot w/o a receipt and they have honored the return or cash back w/o any hassle.  my business vendors have been cooperative in reducing rates on my request.  once businesses like these realize they can dump the 4% cc fees on every tx, they will embrace btc IMHO.  another advantage of btc is its divisibility and scalability.  how are you going to pay for a loaf of bread with a silver eagle? 
19279  Bitcoin / Bitcoin Discussion / Re: BitCoin Liberation Army on: April 29, 2011, 11:33:57 PM
PM's are a play on armageddon where the whole internet gets junked b/c of severe worldwide depression and deflation.  this would do btc in for sure.  i just don't think we get that bad, altho it IS going to get bad.

I've never quite understood this. If we're talking a Mad Max type situation, is anybody going to want gold, except perhaps for its industrial uses? I think oil, food, or other useful consumables will be in much higher demand.

before btc came along, i was a big believer in Bob Prechter's theory of dollar down, everything else up (incl PM's); dollar up, everything else down.  if u look at mkts u can pretty much see this is exactly what has happened since the advent of the Fed and even more tightly correlated since 1971 when the gold std was revoked.  paradoxically, acc. to Prechter, if we go into a depression (we had a small whiff of this in 2008), the dollar will skyrocket and everything else will crash incl. PM's.  If you look at FerBanke's actions in light of this theory, u clearly see he believes we r on the brink of severe deflation and depression which is why he has pulled out all the stops and more in inflating the money supply.  amazingly he has sparked the greatest stock mkt rally ever since the bottom Mar 2009.  the question is whether we're in another bubble. i think we are.  BTC was spawned by Satoshi precisely b/c of worldwide central bank reflation.  so it is an inflationary phenomenon as far as i'm concerned and certainly will flourish in that environment.  the real question is what happens to BTC if everything goes into reverse and we re enter the deflationary spiral b/c some bubble blows up somewhere like the Middle East or a European default.  it certainly could crash as well as the dollar skyrockets.  why would the dollar skyrocket.  b/c 60% of world debt is USD and would have to be liquidated severely contracting USD money supply and paradoxically increasing its value.  up until recently i believed BTC would crash as well but i'm increasingly leaning against that view.  why?  b/c i think the drive towards BTC popularity will be b/c of its inherent STABILITY.  the problem with the USD is its INSTABILITY with a bias to the downside.  every business owner incl myself hates this volatility making it hard to make longterm business decisions.  the Fed doesn't understand this.  i don't think the 2nd Great Depression takes down the internet or smartphone technology and will be the winner in the end vs gold and USD.

sorry forgot a word:  i think BTC will be the winner in the end to USD and gold.
19280  Bitcoin / Bitcoin Discussion / Re: BitCoin Liberation Army on: April 29, 2011, 11:29:10 PM
PM's are a play on armageddon where the whole internet gets junked b/c of severe worldwide depression and deflation.  this would do btc in for sure.  i just don't think we get that bad, altho it IS going to get bad.

I've never quite understood this. If we're talking a Mad Max type situation, is anybody going to want gold, except perhaps for its industrial uses? I think oil, food, or other useful consumables will be in much higher demand.

before btc came along, i was a big believer in Bob Prechter's theory of dollar down, everything else up (incl PM's); dollar up, everything else down.  if u look at mkts u can pretty much see this is exactly what has happened since the advent of the Fed and even more tightly correlated since 1971 when the gold std was revoked.  paradoxically, acc. to Prechter, if we go into a depression (we had a small whiff of this in 2008), the dollar will skyrocket and everything else will crash incl. PM's.  If you look at FerBanke's actions in light of this theory, u clearly see he believes we r on the brink of severe deflation and depression which is why he has pulled out all the stops and more in inflating the money supply.  amazingly he has sparked the greatest stock mkt rally ever since the bottom Mar 2009.  the question is whether we're in another bubble. i think we are.  BTC was spawned by Satoshi precisely b/c of worldwide central bank reflation.  so it is an inflationary phenomenon as far as i'm concerned and certainly will flourish in that environment.  the real question is what happens to BTC if everything goes into reverse and we re enter the deflationary spiral b/c some bubble blows up somewhere like the Middle East or a European default.  it certainly could crash as well as the dollar skyrockets.  why would the dollar skyrocket.  b/c 60% of world debt is USD and would have to be liquidated severely contracting USD money supply and paradoxically increasing its value.  up until recently i believed BTC would crash as well but i'm increasingly leaning against that view.  why?  b/c i think the drive towards BTC popularity will be b/c of its inherent STABILITY.  the problem with the USD is its INSTABILITY with a bias to the downside.  every business owner incl myself hates this volatility making it hard to make longterm business decisions.  the Fed doesn't understand this.  i don't think the 2nd Great Depression takes down the internet or smartphone technology and will be the winner in the end vs gold and USD.
Pages: « 1 ... 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 [964] 965 966 967 968 969 970 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!