variation:
"advanced" incompetence take knowledge

translation:
inside job
 



stupid is knowing right from wrong but choosing wrong anyway

what are some of the other ideas that were shared at the conference   

could someone tell me what a decentralized exchange would look like, apparently it is wanted and some are in the process of building it, but what is it?

Although the info may be a smoke screen on it's face, it is likely to include valuable bits of info providing additional dimenions to inner workings of the organization and it's leadership; as such the data was sent to the 'CSI lab'  https://bitcointalk.org/index.php?topic=492776.0;all

Thanks for that lead, ever since I saw that WISE video (the intro to the above vid) we have wanted to do something directly with WISE, we desparately want the WISE award, but we are lacking the impact.   

WISE is always coming out with more and more initiatives most of which constantly missing our mare, but as you said this particular one may have hit the target, I will look into it and report my finding here and to you.

Thanks again.

Simferopol, Crimea is vitally important to the history of the former USSR, Ukraine, and Russia

start video at 3:10 to 3:30

http://www.youtube.com/watch?v=uOKnExcoCQ4

http://www.youtube.com/watch?v=uOKnExcoCQ4


This is the formal sponsorship proposal for the #1 Gymnasium of Simferopol, Ukraine.

The Armis For Schools Worldwide program is a wonderful opportunity for schools around the world to receive Armis board games, professional instruction, competition prizes, and other educational materials at no cost to them

Armis is the high strategy brain game that:
* develops critical and logical thinking skills
* sharpens your analytic and cognitive mind
* builds self-esteem and inspires invention
* emboldens you to learn complex matters easier and faster
and
* spurs you to plan for and attain success

Every school qualifies however sponsors decide the degree of each school's success, we are honored to present to you the very first school considered for the program, The#1 Gymnasium of Simferopol.

In Europe gymnasium schools are secondary schools that focus on preparing students to enter a university for advanced academic study, comparable to preparatory high schools in the US, and grammar schools with sixth form colleges in Britain. Recently #1 Gymnasium of Simferopol was recently named the Smartest School In The Ukraine.

Now that you know the impact brain games like Armis can have on a child's personal and academic development, please help bring Armis to the 1 Gymnasium of Simferopol ...

entirely possible,

I'm told, one of the primary reasons Mark vehemently defends his employee more than the funds trusted in his care is because many of them know more that they think, and some of them were saying much more than he would wanted.

who are the employees there are many video shots of different people each should be interviewed



aces,

someone has decided to record every one of the transactions associated with a Mt Gox address


great post
 

Additional data to corroborate, delineate, compare, contrast, highlight, and/or provide a pattern


source:  https://bitcointalk.org/index.php?topic=83794.0

June 2011 Mt. Gox Incident
Time: June 19, 2011, 06:00:00 PM ± 1 h (theft), days ensuing (hacks & withdrawals)
Victim: Mt. Gox (some claim also customers)
Status: Thief uncaught
Amount:
Stolen by thief: 2000 BTC[4]
Additional withdrawn from Mt. Gox: 643.27 BTC[5] (lower bound)
Total: Lower bound 2643.27 BTC
Equivalent USD: 46970.91 $ (trades on Mt. Gox not reliable at the time)
Equivalent in June 2013 BTC: 473 BTC
Transactions: none released officially
Mt. Gox, then the leading BTC/USD exchange service, suffered a severe breach as a consequence of an ownership change. The sale conditions involved a share of revenue to be remitted to the seller. To audit this revenue, the seller was permitted an account with administrator access.[4]

The seller's administrator account was hacked by an unknown process. The priveleges were then abused to generate humungous quantities of BTC. None of the BTC, however, was backed by Mt. Gox. The attackers sold the BTC generated, driving Mt. Gox BTC prices down to cents. They then purchased the cheap BTC with their own accounts and withdrew the money. Some additional money was stolen by non-attacking traders capitalizing on the dropping price and withdrawing in time, including toasty, a member of BitcoinTalk.

Mt. Gox resolved the hack by reverting trades to a previous version. Many customers claim they have lost money from this reversion, but Mt. Gox claims it has reimbursed all customers fully for this theft. After the incident, Mt. Gox shut down for several days.[6]

The event's scale was widely disputed; some report a theft of almost 500000 BTC due to related account hacking. However, these reports are sparse and disreputable. Closer inspection puts the losses at closer to 2500 BTC.

Aside from the direct damages of the theft, the hack involved a database leak. Some weaker passwords were used to conduct the relatively more severe Mass MyBitcoin Thefts.

Mass MyBitcoin Thefts
NB: Not to be confused with the far more severe MyBitcoin Theft.
Time: 2011-06-20 through 2011-06-21
Victim: MyBitcoin users with weak account passwords
Amount: Exactly 4019.42939378 BTC
Equivalent in June 2013 BTC: 712 BTC
Transactions: all to 1MAazCWMydsQB5ynYXqSGQDjNQMN3HFmEu[7]
Users with weak passwords on MyBitcoin who used the same password on Mt. Gox were in for a surprise after the June 2011 Mt. Gox Incident allowed weakly-salted hashes of all Mt. Gox user passwords to be leaked. These passwords were then hacked on MyBitcoin and a significant amount of money lost.[8]

MyBitcoin estimates indicate 1% of MyBitcoin users were affected.[8] Users that were not affected would be later stolen from anyways, due to the subsequent MyBitcoin Theft.

MyBitcoin Theft
Time: Unknown time in July 2011 (claimed it was a process)
Victim: MyBitcoin & customers
Status: Thief unknown, planned shutdown suspected (disputed theft)
Suspects: “Tom Williams”, likely pseudonym (founder of MyBitcoin)
Amount: Exactly 78739.58205388 BTC
Equivalent USD: 1110544 $ (wt. avg, definitely >$1M, rounded to nearest $)
Equivalent in June 2013 BTC: 10600 BTC
Transaction information: none
Little information was released about the MyBitcoin theft, however, many argue that Tom Williams ran it as a scam (and was not a theft per se). In terms of both dollars and bitcoins, this was by far the largest theft, however, it is possible it was simply a scam. Although MyBitcoin offered to release its code as a gift to the community, it failed to follow through on that promise. In the months ensuing, some evidence has been uncovered supporting mortgage broker Bruce Wagner; however, any evidence is inconclusive.

The theft resulted in the closure of MyBitcoin, which was once a successful Bitcoin company in Bitcoin's early days.

Bitomat.pl Loss
Type: Loss
Time: 2011-07-26
Victim: Bitomat.pl
Status: Coins destroyed (no thief)
Amount: Estimate 17000 BTC (likely estimate/lower bound, no tx due to technical reason)
Equivalent USD: 236000 $ (rounded to nearest thousand)
Equivalent in June 2013 BTC: 2290 BTC
Bitomat.pl, during a server restart, had its remote Amazon service that housed the wallet wiped. No backups were kept. Mt. Gox later bailed bitomat.pl out, and neither customers nor original owners suffered any loss from the incident.


October 2011 Mt. Gox Loss
Type: Loss
Time: 2011-10-28T21:11 (UTC) [blockchain time, off by up to three hours]
Victim: Mt. Gox
Status: Coins destroyed (no thief)
Amount: Exactly 2609.36304319 BTC
Equivalent USD: 8115.12 $ (wt. avg price)
Equivalent in June 2013 BTC: 82.0 BTC
Transactions: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. Gox fully reimbursed customers after this incident.

Bitcoin is changing rapidly, a new beginning is starting to take shape, now is the time to let the new bitcoin service providers know what it is that you want from them.  

They know they must be more accountable, responsive, reliable, and secure, but what in particular are you looking for, how exactly do you want them to prove solvency, what specifically would make you feel secures ...

Here are a couple at the top of my top 10 list:
1) community validation / certification - I would to see some huge size community group (none anonymous) say 1000+ people, vote give star ratings to service providers.
2) proof of solvency - on a monthly basis via some company signed blockchain documentation prove current assets


What would make you happy?

bitcoin has dived, crashed, tumbled, fallen, lost, etc ... for the whole year so if you measure it in months, quarters, or ytd you will still see the bears

Sure, there was a guy that started a thread last week that btc will be $1000 by Friday.  I told him that there was no evidence to support it, and to please indicated how he came to that conclusion.   He chose to stay silent on that part until the day before the deadline then admitted to receiving inside info that someone was supposed to purchase 50K btc. 

Ignorance (not knowing) is the opposite of intelligence (knowing), so that critical piece of data would have changed the end result.  Based on the 'knowns', 'the evidence', and 'the facts' btc is going down and will continue to do so even after media hype spikes, and any other temporary market manipulation spikes, until such time that the btc infrastructure is made safe and secure for mass implementation. 

That Mt Gox thing revealed a major flaw and I'm not talking about the malleability (see my earlier statement for evidence and solution).

at what price?

if you believe it is worth at least $700 right now, kindly allow me to sell you all of mine right now

so you thing the rate is being artificially held down, although the hard evidence shows that that rate is artificially held up.   


the reason for the 'f' and 'd' is because of the 'u' which was brought on by the revelation that the protocol needs a search program to allow the community to follow the money when it needs to.   If you cannot follow the money, if any exchange can simply take your money (slow drip or wholesale), points to a major security problem within the system.

As long as that system flaw remains the value will continue to fall as holders of btc divest from cryptocurrencies altogether


 

true, but there we go again with that ancillary mention that may turn out to be a pearl of wisdom in disguise -- 'no one talking about the fiat'
perhaps that is a different line of entry to be considered for authorities

in fact I read of one guy who indicated that he sold his btc, transferred it to fiat, requested a wire but it was never processed going back to October or November

please support your prediction with any intelligent evidence whatsoever, because I see no indication for a $700 btc without something concrete.


Even a $650 btc is shaky

the thing is we have intelligence to substantiate why it will fall to $40 but very little to support a rise to $1000

I elaborate earlier on in the thread

huh?

1) "the market cap remains the same" -  are you kidding me, look at it. 
2)  "'valuable number' never vanishes. It gets transfered"  - if you had btc when it was $1200 took it offline and put it in cold storage and only took it out today you would see its value had decrease 50% -- who did it 'transfer' to?   Is a 50% loss of equity the reward for having a hack-free wallet that is only opened once in 6 months?
3)  "the protocol is sound" - are the words said by those who don't see the faults and those who see the faults and don't want others to see the faults.
4)  "the price will increase gradually as adoption increases" - however btc adoption has never be as high as it is now however the market trend for year to date is a downward pointing price.   
5)  "buyers wanting a scarce resource" - scarce? there is more btc on the market now than ever before, there are more btc market participants than every before, however the volume is dropping and the price is dropping.  That would be an indication that the market either doesn't want btc or they feel the price is too high.

dude, you don't get it.

I have never invested a dime in mt gox, but I know that if the money isn't found or the system doesn't compensates for the protocol flaw that the whole system is useless.

Useless as in worthless!

It's not about 'it happened, pick yourself up and move-on' this is total destruction or total change.  The system cannot scale in its present form, at this point the protocol is too insecure.

There is no meaningful security.  What occurred to Mt Gox could happen to ANY exchange at anytime, how do you expect anyone to operate with that level of insecurity -- they don't and that is why volume is shrinking and system vendors are giving up left and right.







 

http://www.coindesk.com/gox-money-moving-through-block-chain/


$113m in Gox Money Believed To Be Moving Through Block Chain

Danny Bradbury (@dannybradbury) | Published on March 7, 2014 at 23:24 GMT | Blockchain, Companies, Exchanges, Mt. Gox, News,
 


Large amounts of bitcoins previously handled by Mt Gox, which have lain dormant for years, have started moving on the block chain.

Since the exchange blew up at the end of last month, people have been wondering where the stolen coins went, and have tried to trace some movements between Gox addresses. One participant on the bitcoin talk forum recalled an IRC conversation between Gox CEO Mark Karpeles and various users, which allegedly took place on June 23, 2011.

During their conversation, Karpeles (a.k.a. MagicalTux) offered to demonstrate that the exchange owned large numbers of coins, by sending a uniquely identifiable amount to a given address. He sent 424242.42424242 bitcoins to a specific address beginning with 1eHhgW6vquBY. Sure enough, they showed up.

A few weeks later, that large amount of bitcoins was broken into two smaller amounts. Then, more transactions occurred, peeling off 50,000 bitcoins at a time into separate wallets, possibly as a means of moving them into cold storage.

Most of these 50,000 bitcoin wallets were recombined on 16 November, 2011, into two separate wallets. One of these contained 500,000 bitcoins, while the other contained 50,000.

The 50,000 bitcoin address was created on that date, and was then dormant until July, 2012, when it began receiving small transactions along with several other outputs. However, no coins left that wallet, until today, when its 50,000 bitcoins were sent to another address, as part of outputs from various bitcoin addresses totalling 180,000 bitcoins ($113 million).

Since then, these coins have been rapidly splitting, with coins being subdivided repeatedly. One branch was found to have been splitting every 30 minutes in what appeared to be an automated fashion. This suggests that there may be some code splitting the coins.

We don’t know for certain that the 50,000-bitcoin address is indeed owned by Mt Gox, but it seems likely. The other, larger, wallet went through several transactions, with the bulk of the coins being sent to an address that was verified as Mt Gox-owned on the block chain.

The leaked Mt Gox crisis strategy document claims assets of 2,000 bitcoins, contained in a hot wallet, adding that the cold storage had been wiped out.

Why now?

So, why is this happening now? One explanation is that it makes the coins easier to use for a high volume of transactions. When bitcoins are sent, all the funds held in a particular address are sent, and the ‘change’ – the part that is surplus to requirements – is sent to a change address, usable by the sender. However, the block chain has to confirm that the change has been returned before it can be reused.

If you were to try and send bitcoins to lots of users very frequently from one address containing a lot of bitcoins, then you would have to wait 10 minutes or more for the block chain to confirm your returned change, before conducting your next transaction.

Core bitcoin developer Gregory Maxwell also suggested that this was a Mt Gox transaction, based on interactions that he had with the Mt Gox API.

Maxwell also argued that the splitting behaviour is consistent with a function in the leaked source code from Mt Gox. This suggests that some of the coins have been dropped into the Mt Gox online wallet, and that the system is now automatically breaking them up, he said.