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21  Bitcoin / Bitcoin Discussion / Re: Place your bets: the price of bitcoin tomorrow on: June 19, 2011, 11:47:21 PM
$6.25, but this isn't going to work because we are all probably going to be right, at some point or another.
22  Bitcoin / Bitcoin Discussion / Re: The Writing on the Wall on: June 19, 2011, 11:44:21 PM
Bitcoin will live on, it just created a huge market for jobs in the last few hours then any other economic force on the planet.
23  Bitcoin / Bitcoin Discussion / Re: Since when was mtgox the regulartory agency for btc? on: June 19, 2011, 11:29:21 PM
If the moneys not there, then the money is not there, and it's pretty much game over for MTGox. No one would ever trust them again, and they might not have 10 millions dollars just lying around to fix it. If that's the case we can expect them to file for bankruptcy and you all lose.

However, I think they are only going to rollback the money that was in the major account that got hacked. If you got money out of MTGox on other deals that will probably all still be legitimate.
24  Bitcoin / Bitcoin Discussion / Re: TradeHill - Who we are on: June 19, 2011, 11:18:28 PM
I think the chances of TradHill being behind the attacks is as likely as it being MJ12. More likely it was Lulzsec, a psychopath, someone protecting Silk Road, or just some thief.
25  Bitcoin / Bitcoin Discussion / Re: Since when was mtgox the regulartory agency for btc? on: June 19, 2011, 10:35:23 PM
To put it simply they anticipated, to some extent, that this would happen. You don't own the bitcoins until you take them out of MTgox and you don't own the cash until take it out of MTGox. They keep all the Bitcoins and all the cash because they are a 3ed party (like a bank) that is intrusted, by you, agreeing to use their service, to protect your money!

The Bitcoins and cash you play with are only representations of the real Bitcoins and Cash. Really all you have in MTGox is an account that has a bunch of numbers in it. You pay Cash to add Cash numbers in your account and you pay Bitcoins to add Bitcoin numbers to your account. MTGox is responsible for insuring the safety of your account and everyone else. Which really means they're responsible for paying you cash when they say you have cash, and paying you Bitcoins when they say you have Bitcoins. If they couldn't do something like this they wouldn't be doing the job you intrusted them to be able to do: Protect your money!

You did not get the money legitimately, not knowing this dose not make it your money, therefor they issue a rollback. If you don't like that go some place else; it really is that simple.
26  Bitcoin / Bitcoin Discussion / Re: Reason behind attack? on: June 19, 2011, 09:52:37 PM
Is it related to the wallet stealing file? Same hacker maybe?

I'm wondering if it's just one or more psychopathic hacker(s) out there that's trying to get as meany Bitcoins as they can. That's something I fear because it means, they just won't stop. Ultimately dooming the Bitcoin by their own greed; the same way heroin addict ODs.

I would feel much safer if I knew it was just hackavism for announcing alliance with the DOJ. If that's the case, these hackers aren't attacking Bitcoin specifically: just indirectly.
27  Bitcoin / Bitcoin Discussion / Re: MtGox UPDATE on: June 19, 2011, 09:35:03 PM
i really don't think you can call them 'stolen coins' with a straight face. what's done is done, and it's on your shoulders to fix it, NOT by denying people with legitimate bids their feast.
Coins sold by someone who didn't own them are not stolen? Why? because you got them?

That's very narcissistic, almost psychopathic.

Psychopaths should not benefit from this currency: that's the way the old world worked.
28  Bitcoin / Bitcoin Discussion / Reason behind attack? on: June 19, 2011, 09:19:37 PM
Dose this have anything to do with Silk Road? Did they attack MTGox because they agreed to give their users info away to the DOJ?

Was it Silk Road that did it? Or Lulzsec? Dose Lulzsec protect Silk Road?

Or was this just a psychopath trying to burn the world?

Or is this something even more sinister? I remember some people in the military telling me that the DOD consistently has technology 40 years ahead of consumer technology. Something like that could crack any of our security in a few seconds.

Moon lizards anyone?
29  Bitcoin / Bitcoin Discussion / Re: Any Sort of punishment-tracking for the hacker ? on: June 19, 2011, 09:10:46 PM
I think it's more a question of if they can roll back. If they can, they can, if they can't they can't.
30  Bitcoin / Bitcoin Discussion / Re: Someone cashed out on mtgox - price from $17 to $0.01 in minutes! on: June 19, 2011, 09:08:12 PM
Psychopathic hacker! Is a Psychopath!

Will the White Hat Hackers save the day?
31  Other / Beginners & Help / Re: Something seriously wrong with Mt.Gox on: June 19, 2011, 07:09:17 PM
MTGox ether just cashed out (Which isn't the end of the world, but could be), or they got hacked and sold all there savings for penny's on the dollar (in which case no one is ever going to trust the bitcoin probably)
32  Other / Beginners & Help / Re: what's going on at Mt.Gox right now? on: June 19, 2011, 06:52:01 PM
500k you say? MTGox just cashed out.
33  Other / Beginners & Help / Re: Transaction fees for transfering BITCOINS -- WTF on: June 19, 2011, 06:39:10 PM
This system needs money to sustain itself.

No currency will ever be tax free.
34  Other / Beginners & Help / Re: Silk Road and other illict purchases with bitcoins, good or bad? on: June 19, 2011, 06:35:15 PM
The US and the EU are just about to collapse in on top of themselves. Too much regulation, Too much corruption, Too much revolution.

This isn't just the evolution of Money, this is the evolution of the internet. This is the same battle that Napster started all that time ago: when people became free to choice what files they wanted on their computer. They created the internet to control us, but instead it will control them. They unleashed a collective unconscious that has become far more powerful then any mortal man; far more powerful then this god deity they say we should fear.  Most of us know we are all god collectively, and that fearing anything is nothing but an illusion.

Anyone who has studied the Drug War long enough knows that drug prohibition is the worst idea ever. Instead of dealing with addiction like a medical problem they have decided to deal with addiction by beating you until you comply...

...it isn't to protect you, it's to protect the Western Medical Institutions that practice a type Nazi science and call it medicine!

...they are stuck in the old world view of thinking...

...and that world is coming to an end.


35  Other / Beginners & Help / Re: Would some nice gentleman send me a tiny amount so I can check my client works? on: June 19, 2011, 04:37:51 AM
I was thinking of doing this too. I was thinking "Man, with all the hackers stealing bitcoins lately (or government trolls) someone would probably be willing to give Bitcoins out just for being honest.
36  Other / Beginners & Help / Re: FACTORES THAT AFFECT THE BITCOIN RATE/VALUE on: June 19, 2011, 04:31:36 AM
I don't know what to believe anymore.
37  Other / Beginners & Help / Re: Is Bitcoin7 a scam? on: June 19, 2011, 04:29:53 AM
I have never had to pay this much attention to the links people post until I found out about bitcoin.

On a related note, I guess Silk Road is an honest vender.
38  Other / Beginners & Help / Re: FACTORES THAT AFFECT THE BITCOIN RATE/VALUE on: June 19, 2011, 04:13:31 AM
I think it's effected by hackers and security specialists. Whenever a hacker steals money and people hear about it they lose a small amount of faith in the Bitcoin. Whenever a security specialists ends exploits employed by hackers, faith is naturally restored.

Clearly the future stability of the Bitcoin is very much dependent on the future network security of the internet.
39  Other / Beginners & Help / Re: If your Mt. Gox account has been compromised, PLEASE READ. on: June 19, 2011, 04:04:59 AM
Well that Dollor is no less doomed then the Bitcoin.
40  Other / Beginners & Help / Re: Buying mining hardware will never pay off now. on: June 19, 2011, 03:59:44 AM
My experience with ATI cards is limited, I found Nvidia to be more stable. Obviously I'm going with ATI (Or AMD as it is now) for profit mining and my next upgrade, but those parts won't arrive until sometime next week. Until then all I have is the Nvida cards (3x9800gtx+SLI), so when I'm not playing games I'm letting it hash out.

On a related note, do you think a Bit Miner based on CUDA would boost the Hashrate of Nvidia cards? Or is AMD bitmining the only way?
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