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2121  Bitcoin / Press / Re: 2013-02-22 thefinanser.co.uk - A new currency payment system is about to explode on: February 23, 2013, 05:16:35 AM
It won't be the the Next Big Thing if the network stays artificially limited to 7 transactions per second...

You wish you had 7 tx/s in the bitcoin network...
Even with the cancer satoshidice is, it's very far away from the 7 tx/s limit.
7 tx/s would mean 4200 tx's each 10 minute block.

To be fair, mobile payments through M-PESA in Kenya (a country with about 0.6% of the world's population), is choking on 270 transactions per second.
 - http://www.nation.co.ke/business/news/Safaricom-gets-vendor-to-run-M-Pesa-platform/-/1006/1691548/-/cnls9gz/-/index.html
2122  Other / Beginners & Help / Re: Help! 47 mined bitcoins were transferred away? on: February 23, 2013, 04:59:16 AM
My password is a long random string stored in an encrypted file which I copy+pasted each time.  Although a good keylogger would have picked that up as well.

Encrypting a wallet doesn't protect any addresses that had already received funds prior to the encryption.  So if you had backups of a wallet that had funds prior to encrypting the wallet keys then anyone with access to the backups could still spend the funds even after you had added the pass phrase encryption.

Is that possibly what occurred?
2123  Economy / Service Discussion / Re: My unsuccessful first experience using Coinbase on: February 23, 2013, 04:13:06 AM
I decided to make my first purchase on Feb. 17th for 1 BTC.  Total cost including fees was $26.24 USD.

Just to see if there is a pattern that exists, I am curious about this ... did you verify using the "instant" verification or using the deposit verification?

Others reporting this seem to usually have also placed more than one order.  Was this your only order or had you subsequently placed additional buy orders?
2124  Economy / Securities / Re: [BitFunder] FIAT.AUD FIAT.CAD FIAT.USD Assets on: February 22, 2013, 11:27:23 PM
Thanks to BitFunder's tie-in with WeExchange, I am pleased to announce (Esp. to those who requested) three special assets.

So looking at the fees, only the seller pays the fee (1% for accounts with the lowest volume tier).
 - https://bitfunder.com/help

Thus if I buy USD with my BTCs, I don't pay any fee?   And then I withdraw to a Mt. Gox code and still no fee?
2125  Economy / Speculation / Re: Time to sell? on: February 22, 2013, 11:16:54 PM
Can I sell today and double my investment?

Are you asking if you were to sell today you would be able to find buyers for 333 BTC  ($5K worth at $15)?

If so, yes, ... the market can absorb that all at once, and you would get just over $10K ... calculated using 333 BTC X $30.50 X .994 (assuming a 0.6% exchange fee).

Thus yes, that would allow you to sell it all today and double your investment.
2126  Bitcoin / Project Development / Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE on: February 22, 2013, 11:06:31 PM
The BUH3 futures contract (BTC/USD), started some 10 days ago already has had over $100K USD worth of trades (which is 1/5 of total BUZ2 volume which was trading for months!).

BUH3 is now over half million USD worth of trades -- which is the level BUZ2 was at when it reached settlement, except BUH3 hit it in about 70 days I believe.
 - https://plus.google.com/u/0/117990284188664727142/posts/9FZNsGd2MBz
2127  Bitcoin / Project Development / Re: Reading live data from bitcoin network? on: February 22, 2013, 10:42:55 PM
Was kind of hoping for an easy-way-out that I could host on my own servers.  Back to the drawing board, it seems.

Not ready for production use, however ...

The bitsofproof node offers a message bus where it sends validated transactions and block chain events to authenticated extensions. It accepts transactions for routing towards the net through the same bus.

[...]
See the wiki for more: https://github.com/bitsofproof/supernode/wiki
2128  Bitcoin / Press / Re: NEW articles in Press Forum on: February 22, 2013, 10:28:08 PM
2013-02-22 thefinanser.co.uk - A new currency payment system is about to explode   
https://bitcointalk.org/index.php?topic=146088.0
2129  Bitcoin / Press / 2013-02-22 thefinanser.co.uk - A new currency payment system is about to explode on: February 22, 2013, 10:27:41 PM
Quote
The latest virtual currency is Bitcoin, which may or may not go the same way as the Linden Dollar, Beenz and Flooz.

The main difference with Bitcoin is that is has a regulatory structure – it is open sourced and transparent to all -  whilst being fully digitally secure.
[...]
When Amazon and AMEX are playing in this space, something serious is happening.
[...]
This means that in our world which is moving faster than many of us can think, any new virtual currency has a potential to be The Big Thing.

To be The Big Thing comes down to looking for three things to happen:   

A virtual currency to become a serious player in value exchange;

A payment system to emerge to support this virtual currency which can be used on multiple platforms both inside and outside the core reason for the currency’s existence; and
An ecosystem of commerce to form around this structure, such that the currency is used as a de facto standard for purchasing and selling across the ecosystem.

 - http://thefinanser.co.uk/fsclub/2013/02/a-new-currency-payment-system-is-about-to-explode.html
2130  Other / Beginners & Help / Re: Help! 47 mined bitcoins were transferred away? on: February 22, 2013, 07:59:21 PM
If you are using Bitcoin-Qt or another client with a local wallet then the only transactions you should see spending from addresses in your wallet are transactions that you've initiated.  
...

So the first question is, what client are you using?

Yes, the native client is the only thing I've ever used.  

Then there's a problem if there's a spend transaction that wasn't yours.   The first thing to do is assume that system is compromised.   If you have other funds in the wallet you might want to send them to a bitcoin address that is secure (e.g., a blockchain.info/wallet address created from a computer that can be deemed secure.)

An encrypted wallet still doesn't protect you from a replay attack, so if your computer is compromised with a keylogger the attacker would need just a copy of your wallet.dat and the wallet's pass phrase obtained from the keylogging activities.  Or if the compromised system has remote desktop or VNC a compromised system can be accessed remotely to send the funds.

That transaction occurred in January, not sure if that helps in diagnosing what/when/how.
2131  Other / Beginners & Help / Re: $$ USD about to Transfer on: February 22, 2013, 07:50:00 PM
So once I fund my CampBX account using Dwolla I can then purchase bitcoins, and from there send the BitCoins fromo CampBX to my BTC address?

Yes, when you execute an order to buy, the coins are in your account and available for immediate withdrawal.

There is a delay from when you do the Dwolla account-to-account (A2A) transfer to Camp BX, ... somewhere in the range of an hour to several hours, before those USD funds appear in your Camp BX account.  Sometimes when there are issues the delay has been even longer, but generally same day, within a few hours.
2132  Economy / Service Announcements / Re: New, simple online wallet: www.instawallet.org - no signup required on: February 22, 2013, 07:40:04 PM
Please let me know, if my concern makes sense to you, or if I might need to clarify it a bit better.

You are correct that the only secure way to use Instawallet is to use only an InstaWallet (URL) that was assigned to you by the site (which occurs EVERY time you access the URL without specifying any path, i.e,., https://instawallet.org ).

If someone passes you some funds with another InstaWallet (URL), you can send the funds to the Bitcoin address to your own InstaWallet but you should never add new funds to that InstaWallet -- it should be treated as having been compromised.

If the user goes straight to an existing wallet, then it would be good to "welcome back"

The site does give the message:
"Only share your bitcoin address, NOT the wallet URL or key, with the public."
So if a person gets the wallet URL from elsewhere hopefully that person can realize that a problem exists.
2133  Other / Beginners & Help / Re: FOR SALE: Over 275 Bitcoin-related domains! on: February 22, 2013, 07:16:41 PM
bitcoinbleach.com

Ha, that would be a good name for a bitcoin mixing service.
2134  Bitcoin / Bitcoin Discussion / Re: Most Expensive Thing You Bought With Bitcoin? on: February 22, 2013, 05:16:52 PM
can anyone top 1.5BTC?

Does the exchange rate at the time of the transaction matter in this?

As far as purchases I now regret ...

I still have unspent a Starbux $10 gift card that I purchased with bitcoins, paying 50 BTC for it (back when they were trading at under $0.25 per BTC).

There are a few people who paid for ASIC hardware back when BTC/USD was about $6 and are still waiting, with regrets.
2135  Other / Beginners & Help / Re: What Do You Use Bitcoins for? on: February 22, 2013, 05:07:00 PM
Do you own a business? If so how do you use bitcoins?

New threads like this pop up all the time as the old ones get stale.  Here are some older threads on the general topic of what bitcoins are used to purchase:

What do you buy with your bitcoins?
 - http://bitcointalk.org/index.php?topic=131695.0

Re: What Have You Bought With Bitcoin?
 - http://bitcointalk.org/index.php?topic=126972.0

What did you buy on bitcoin Friday?
 - http://bitcointalk.org/index.php?topic=123617.0

What you buy most often with your bitcoins?
 - http://bitcointalk.org/index.php?topic=90251.0

Why do you use Bitcoins?
 - http://bitcointalk.org/index.php?topic=86013.0

What do you spend your BTC on?
 - http://bitcointalk.org/index.php?topic=80069.0

what do you use your btc for mostly?
 - http://bitcointalk.org/index.php?topic=94227.0

What do you use Bitcoins for?
 - http://bitcointalk.org/index.php?topic=79127.0

What are you using bitcoins for?
 - http://bitcointalk.org/index.php?topic=78755.0

What do you want your BitCoins to buy?
 - http://bitcointalk.org/index.php?topic=75621.0

What do you actually use bitcoin for?
 - http://bitcointalk.org/index.php?topic=37720.0

What have you purchased with Bitcoin?
 - http://bitcointalk.org/index.php?topic=21391.0

Why do you buy Bitcoins?
 - http://bitcointalk.org/?topic=6990.0

More detail on the topic:

How to track real-world bitcoin adaption?
 - http://bitcointalk.org/index.php?topic=76633.msg850690#msg850690
2136  Other / Beginners & Help / Re: What to buy with bitcoins on: February 22, 2013, 05:06:15 PM
What does everyone buy with these bitcoins?

This is a question that gets asked frequently.

Just a couple days ago was this:

What Do You Use Bitcoins for?
 - http://bitcointalk.org/index.php?topic=145045.0

2137  Other / Beginners & Help / Re: True anonymity from bank to my paper wallet on: February 22, 2013, 04:59:27 PM
having an anonymous bank account is not an option I have!

Where are you located?

In the U.S. you can deposit cash at Chase bank for credit to your BitMe exchange account (or to Bank of America for credit to your BitFloor exchange account).


How much are you looking to trade?

There are traders on LocalBitcoins who don't ask questions, and fees can be reasonable depending on what you find.
 - http://www.LocalBitcoins.com
2138  Bitcoin / Project Development / Re: Reading live data from bitcoin network? on: February 22, 2013, 04:44:07 PM
Either that or it's some form of well-guarded secret.

The Bitcoin.org client's API command "listsinceblock" will let you know new transactions, and then the Raw Transactions will give you the details on each.
2139  Other / Beginners & Help / Re: Amazon Gift Cards -- Is there a trusted broker ? on: February 22, 2013, 04:37:00 PM
Is there a trusted site or user of this forum who will buy amazon gift cards and pay face-value converted to bitcoin?


Are you trying to trade your Amazon funds to bitcoins?

Like this person?
 - http://bitcointalk.org/index.php?topic=145579.0
2140  Other / Beginners & Help / Re: Anybody got spam via email addr only known to Mt.Gox? on: February 22, 2013, 04:10:25 PM
I created both my MtGox account and the email address in August 2012. But I remember vaguely reading about a minor glitch in gox's operations end of last year that didn't worry me too much. Can't remember exactly when and what it was. Something like the database containing all or some of the public keys of gox users has been visible, but that's not a big secret anyway.

So I'm going to change my username and email at gox in a minute (i.e. close the account and open a new one) and see what happens.


Did you by chance use that e-mail address with Mt. Gox's support board?

 - http://www.zendesk.com/blog/weve-been-hacked
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