First question, who is still mining this? Second question, how did they get compromised, and the most important question, who went through all that trouble to steal something so worthless? Can these even be exchanged?
1st Answer: These Guys https://bitcointalk.org/index.php?topic=450381.02nd Answer: User's own Fault, they use a sharing software to share the Bootstrap, (Not Smart on their part,with so many file sites are free)The User somehow put his wallet.dat in the shared link for anyone to access, must not have been encrypted either, completely user error.  (Info was gleem from the reddit link, accuracy depends on its info being accurate.)3rd Answer : # Source Pair Volume (24h) Price Volume (%) Updated 1 Poloniex MINT/BTC $ 174 $ 0.000081 68.82 % Recently 2 BTER MINT/BTC $ 36 $ 0.000081 14.38 % Recently 3 BTER MINT/CNY $ 34 $ 0.000082 13.57 % Recently 4 Cryptopia MINT/BTC $ 8 $ 0.000081 3.22 % Recently 5 Bleutrade MINT/DOGE $ 0 $ 0.000077 0.01 % Recently 6 Bleutrade MINT/BTC $ 0 $ 0.000095 0.00 % Recently 7 SouthXchange MINT/BTC $ 0 $ 0.000102 0.00 % Recently  Thank you sir, and you have earned a cookie.  |
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I live here. Good for the State, as there is actually a decent amount of bitcoin infrastructure in the Research Triangle. I think they are trying to get Duke and UNC Chapel Hill to be at the forefront ofbitcoin/blockchain development and research, rather than MIT. Would attract alot of btc venture capital, and with the transexual bathroom thing still in play, I don't think NC is turning down anyone that wants to bring business. Charlotte lost a lot of potential revenue with all that, taxes that could be used for general shit like roads and bridges and aggro cops.
You ever notice the majority of kooky reality television participants come from the Carolinas? Just some food for thought.
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Unless you can pay your bills in precious metal, eventually, you will need to convert this to fiat. When bitcoin is converted to fiat, by whatever means (like a gold purchase), capital gains have been achieved (or losses) and there is tax liability to be addressed. Failure to do this (or declare that gold) is tax evasion.
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Depends on the two countries involved. Capital controls in some countries prevent the transmission of fiat outside borders. A person in said country would be breaking the law by buying another currency not of that government (bitcoin) with that governments fiat.
In the States at least, you shouldn't be taxed for transferring value. You may pay a fee to move said value, but there are no taxes associated with the simple transfer of value. Trade is another thing, but this is like sending money back home. Which is a one sided transaction, not a trade.
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To the best of my knowledge, while you do have to claim bitcoin if your total asset worth is being evaluated, you are only taxed when you convert bitcoin for value. Be it fiat, a house, etc. When you convert the value to another form, you have experienced a capital gain; in the States, along with everything else, the government gets a piece of the action. So, you can mine til the cows come home, and you should claim said coins. But you won't be taxed until you sell or trade the coins.
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we are hearing this news again and again some time on social media and some time from our friends and in bitcointalk. but still there is no conformation about this statement. i dont know either is for real or just the expectation.
I have yet to catch a news snippet or article to confirm this. But it makes sense, Gox was epic and I think other governments are waiting to see how Japan prevents this from happening in the future. Notice how most governments are uncharacteristically hands off with cryptos. Guy makes a new fiat, goes to jail. Guy mints a new gold coin, same thing. But bitcoin, despite the obvious boon it provides for money laundering, is pretty much unmolested. They simply want you to pay taxes. Seems like they aren't taking it seriously, which I doubt, or there is a longer term strategy at play. |
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No one owns the protocol if that's what you mean, as it is open source. But everyone that has coins 'owns' a piece of bitcoin. It can probably be argued, however, that those who control the mining ultimately control the fate of the coin. Ask China  |
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Regulation is a necessary and vital part of an industry becoming legitimate. The only reason we are seeing the level of interest from old finance we are is because the space is slowly starting to regulate. If you were venture capital, wouldn't you rather invest millions of dollars on something with laws attached to it in case something went wrong? Regulation protects us while it limits us, and ultimately those protections outweigh the limits. Would you get medicine from an unregulated pharmaceutical system? Or eat food from an unregulated production facility? Since we are a nation of consumers, regulation stops producers and service providers from defrauding people.
You need regulation because there are humans involved in this. Not spelling out the rules before hand is asking for trouble. People like to cheat and take shortcuts, and someone eventually gets hurt.
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Hello guys, how are you? I have a doubt. It is possible a transaction not be annotated by Blockchain? It is today 12 hours UTC, I sent 260,000 bits for another my wallet. But so far not arrived, I seek the transaction id in blockchain and says: "Sorry We Could not find any blocks or transactions matching this hash", but I seek the same id in tradeblock and says that the transaction has not been confirmed. I check in my wallet in blockchain and shows no pending transaction, but in tradeblock shows that the value I sent is pending. Can someone explain to me what happened? It is normal that happen?
Give this a few days to drop from the mempool. It seems like this was sent with an insufficient fee, they stay stuck on pending forever until they vanish. But, no transaction has taken place until it is confirmed, after a while, if the coins are still in the sending wallet, resend. Contact customer support if your account balance has deducted with no subsequent withdrawal. Database might have assumed the coins made it out. |
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we can not blame bitcoin for this. bitcoin is just a money processing system and it depends on us that how we use this. its the same thing like a terrorist used bitcoin for his transaction and people thinks everyone who use bitcoin is a terrorist.
People have been sexualizing kids since the dawn of time. The true issue is how much easier it is to proliferate shit like this around the world, due to the advances in communication technology. This isn't a bitcoin issue, this is an internet issue. And God knows how much differently things would be if this all encompassing technology had never came to be. For better and worse; it's a necessary evil, the internet. |
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I was curious about this, but the fact that the OP won't disclose what the download is (media or an executable) is rather alarming. As with all thing like this in bitcoin land, be really careful bringing unvetted files onboard a rig you make transactions on. Same with mobile devices.
Is losing operational security worth .15 cents?
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I'm thinking so. Also not invested in this, and don't intend to, but I think most people are of the opinion to let the dust settle out. People have been wanting out of this asset for some time now, faced with an endless series of increasingly worse news during the wait. Suffice it to.say, we will see what happens when an entire market gains liquidity at one time.
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Anything that is highly asic resistant. My main beef with Bitcoin is that you need specialized equipment to participate in mining now. I'm glad for the increased strength all that additional hashpower adds to bitcoin, but it's no longer for the people, as far as mining goes. It's a corporate game now.
Make something people can mine with their phones and desktops. And if possible, use the hashpower to solve an issue.
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I don't think it was a scam to begin with... however, it exploit was just right for that to happen. Of course that if there's an exploit there will always someone taking advantage of it!
I'm still on the fence on if it was an inside job. I think someone inside told someone outside about the vulnerability, and is expecting a cut of that short. But the level of technical sophistication is amazing, it is almost as if someone where sitting on this, waiting to exploit it. Too major to be a passive discovery. |
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First question, who is still mining this? Second question, how did they get compromised, and the most important question, who went through all that trouble to steal something so worthless? Can these even be exchanged?
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Apparently, you would inherit some of the flaws in the model, such as people walking out into traffic, off small cliffs, and into the waiting arms of muggers. Maybe make it more like a pedometer and less like an interactive game. Go is entirely too interactive.
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the price will go down if:
A. They do not fork as the dao hacker will likely sell all that ETH
B. They do fork and those people who recover their funds from the hack will sell their ETH because they are scared and want out of a broken system/project.
Heads you lose, tails you lose.
They just lose less if they do A because then there reputation isn't now tarnished with "do-overs" and rollbacks that can happen in the future should there be another hack down the road.
Why are people buying this stuff up to this price? Like you, I can't see the uncertainly immediately after the fork helping anything. So why is this price riding so high? I think it's being manipulated up for the short of the century. |
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The majority of alt coins are actually not developed. They are pulled from someone's ass.
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Earning them at the moment rather than buying them, and considering buying some with my Mechanical Turk income once it gets rolling (there is sooo much verification period).
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Hmm, I don't know what effect this would have on the network. Surely if would make the blockchain muuuch larger, but would it improve confirmation times, or would we struggle to solve blocks that fast?
Also, the 9 and 1 paradigm will make miners leave for the 9, and start back hashing on the final 'profit block'. Why mine worthless blocks with no reward?
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