So what could they actually do?
The only realistic point of attack would be the exchanges and only those in the US.
yes. Bitcoin is a worldwide phenomenon. if the US tries to stifle usage internally, they risk being left behind. Yep I see 6 nations vying to become the next crypto super power US / China / Russia / Japan / Germany / UK |
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Classic misdirection, tbone  |
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Sure, that's certainly one of the ways I value bitcoin. A better thing to do imho is look at the whole crypto currency eco system. Then look at what % share btc will have. 41k is a reasonable estimate ... and no where near the ceiling It could also go to zero .... so not a game for the feint hearted! |
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"...we need to ensure that we protect markets and consumers..." - Bart Chilton
The last thing they're concerned about is protecting markets and consumers, take the gold and silver futures markets for example.
Question is, is it about time to bail on BTC while the getting is good?
BTC is still 0.01% the size of gold. I think he said what he had to say. Not a big deal, I think. There's a *slight* argument to say BTC is a little US centric for a world currency. If the US drops the ball on this one, europe or asia will pick it up. |
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Hi. I have had some debates with my husband over this. We have invested several thousand into BTC and he is of the mindset to just "buy and hold." (Unfortunately, we did not purchase them super low. The average price we paid for them is $120) I have been trying to convince him that we would be better off trying to sell some, wait for it to drop a little, then we will have the buying power to buy even more if we repeat this a few times. He thinks we will just get burned and it is better not to play that game. He said it is like his friends that go to Vegas. They leave with $2000 then come home with $500 and brag that they won $500, bun in reality they lost $1500. But I disagree that it is entirely a gamble. I think many of you have seemed to do very will with day trading. For me, it would be the only way we could increase our small BTC stash since we do not have the money to buy any more.
So my question is, have many of you successfully increased your BTC numbers day trading? And what is your best strategy in doing so?
From a community perspective, it's better to use bitcoins than to hoard them. To win at day trading you need to either have an edge or to be lucky. For it to be worth the time is even harder. To trade technicals a bot will help. To trade news you'll need to analyse better than the average person. The best way to get more btc is offer a good or service for them. I'm on record since november saying btc is on it's way to 1000. I'm starting to lean towards a 10,000 price target. But this will only happen if the currency is a living one. |
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I've gotten a lot of hate from people who've blamed me for Bitcoinica, convinced I'm to blame. Maybe now you'll all understand. Here's some basic facts.
Coinlab were the investors behind Bitcoinica. Tihan Seale and Peter Vessenes founded Coinlab together. Tihan bought Bitcoinica and Coinlab was involved from the beginning. Patrick Murck filed the legal papers on behalf of Bitcoinica investors.
We were given fake shares in a fake company. The deal was to contract us to work on Bitcoinica. The site had been losing money for months and had huge security problems. A new company was formed to handle that agreement.
After the first compromise, despite huge problems in the setup and design of the website, they wanted to put it back up as fast as possible. I was against this strongly which is why I released the code. After an employee used this as an excuse to steal more funds (the evidence is definitive), they were upset more over the loss of the 'Intellectual Property'.
They scapegoated me. They wanted no liability and refused to help us complete the job for them. All the emails are public on this forum (I released them) as proof. Donald kept asking to speak to their superior but they refused.
I never had access to money or any servers. I was a programmer working on the hedging algorithm.
They are sneaky, and play dirty tactics. Tihan is a manipulative sociopath.
We had run Intersango, the biggest UK exchange for 2 years without any problems doing 2 million GBP turnover annually. The site has been closed down (due to UK bank problems) paying everyone back and we experienced no security flaws during its history. I had no reason to deliberately cause Bitcoinica users any harm, and if you actually go and study the evidence on the forums, you'll see I acted in all of your best interests.
When everyone ran off, a programmer was told he was now acting CEO of a defunct company that never was formed and had to make executive decisions despite having no technical control or access to anything. Do you know how fucking absurd this is? Then to be told by many different parties conflicting things to sign for their personal interest and get blamed for that.
These are facts, and every point can be proven.
Thanks for clearing up confusion. I've lost respect for coinlab over this, and even paul graham who invested in them. Are/were the issues with intersango still unsurmountable? |
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I wish people would stop pumping this proprietary non-coin trash start-up.
I like the utility behind it People trade it like as a currency, but that is because of its utility, where it has a use besides for trade of itself I like Ripple too. Great technology and idea! I see some major risks though. XRP is "100% premined" and its supply will be ~5K times larger than BTC supply, so if both currencies are successful, 5000 ripples/btc should be a fair price. But XRP is far from being as adopted as Bitcoin yet, it is still a proprietary software and nobody knows how its "premined" ripples will be distributed, this is a major factor of risk. So to my mind it is a bubble currently, it shouldn't be comparable to ~5K XRP per BTC (yet), but maybe in several years it will be. Though I am not an Oracle, could be mistaken premined probably isnt accurate as there's no mining ... it's more like an IPO where you have an allocation of shares that get distributed and sold ... what's interesting is whether the consensus algorithm could possibly used to issue more shares later ... im currently unsure on this one, it will be interesting to look at the server code when it comes out |
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This is the highest rate I have seen on here today..why are rippples going up so much??
Limited supply but that will change. Ripple has great potential, but yet to be stress tested in the way that BTC has. Time will tell. |
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Here's an idea 1. Take a SHA256 of your document 2. Put it into http://brainwallet.org/ passphrase field 3. Send some BTC there Bingo! Now the existence of that file is timestamped forever in the block chain and all block chain explorers. Question is how high should the tx fee be? You are inviting an attack on bitcoin by parties that may not wish this file to be timestamped. Although it will probably survive in google and other mirrors. brilliant sweet: http://vog.github.io/bitcoinproof/It hashes your data to an address you can destroy some btm on. Might want to do a first round hash offline so that the server does not see your data. Genius simple. Oops ... I see what yours does now ... I was originally confused by the timestamp field and thought you filled it in. I see it is read only now, everything makes sense. |
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I mean the country would be willing to take TAXES in: gold, silver, btc and their "old currency" THIS IS GOOD: It would only be an ADDITIONAL official currency.
What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC? You could use Bitcoin as an additional currency but then people would be less likely to be used day to day which pretty much defeats asking a small country to make Bitcoin it's official currency. The only way you could do it is to have everything on Bitcoin Island dynamically priced so that all your goods prices vary from minute to minute. Love the name "Bitcoin Island" All you need is for it to be legal tender and backstopped vs a bigger currency by the govt. |
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Here's an idea 1. Take a SHA256 of your document 2. Put it into http://brainwallet.org/ passphrase field 3. Send some BTC there Bingo! Now the existence of that file is timestamped forever in the block chain and all block chain explorers. Question is how high should the tx fee be? You are inviting an attack on bitcoin by parties that may not wish this file to be timestamped. Although it will probably survive in google and other mirrors. |
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Satoshi will never come forward. He has absolutely no incentive and incentives to keep himself anonymous. First, there are legal concerns with his creation that are both complex and difficult to manage. Second, it would hurt the bitcoin by attaching a face to something that shouldn't have one. Third, it would fracture the community into pro-satoshi and anti-satoshi people.
It won't happen guys
Satoshi Nakamoto = Sat.N = Satan.  Keep playing with those letters. If there's one thing that mathematicians love more than crypto, it's anagrams and wordplays  |
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Satoshi is certainly here and observing how his baby is developing.
When the world has accepted bitcoin, he might reveal his true identity.
If someone claimed he is Satoshi, would you believe him?
To prove his identity he needs to at least:
-send one bitcoin from his original wallet to a new wallet.
-discuss cryptography with experts so his competency can be proven
-show personal projects, documents and mail conversations that has not been publicized yet
Nah, it's a lot easier than that for him to prove it was him. He would just sign a message with his PGP key and that would confirm it. GPG sig is not proof. He's fairly recognizable by his writing style and knowledge. People of Satoshi's genius only come along a few times a generation. And he still probably knows more about bitcoin than anyone else. He's either hiding, or was made an offer he could not refuse. |
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+1 to iceland now that they have the PP in govt.
The founder of the PP gave a keynote at the bitcoin conference 2 years ago.
They looooove bitcoin.
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Love this idea ... maybe a joint kickstarter campagn and btc pledging system is needed?
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What about the user database? Was it compromised? I'd hate to see bitcoins sent to the wrong address.
I have a database snapshot taken before bad guys overtook the database. So there's no reason to think payout addresses have been modified. Any change of wallet on pool profile requires email confirmation by account owner so I think we're on safe side here. Unfortunately the user database can be considered as compromised, so the attacker knows user's emails :-(. How were the passwords hashed? 1. Great job slush! 2. Passwords are generally low entropy. If you've used your mining pw elsewhere change it now. |
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If that's even his name. Just read the bitcoin wiki on him and I'm amazed. Nobody knows him.
Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?
How can someone create something so great and not stepping out to get the credit?
I've been curious about this. Nobody that I know of, knows. But there's some clues. I have some good guesses. Minds like Satoshi may come along only a few times in a generation. Group or individual?Both! I believe the lions share of satohsi's work was done by a single genius. Certainly he was helped in places, but I think that was sparing rather than a proper group effort. Nationality?Almost certainly a british mathematician. There's clues he has lived in germany and japan. His gmx address (common in germany) is linked to his public GPG key. Background?Satoshi is the top class of top class mathematicians. He's also an incredible programmer. He's certainly been around the crypto comunity for many years. He has good competency in accountancy and economics. Education?You'll have to trust me on this one. The British school system is such that almost all of the top mathematical talent are sent to Cambridge. In fact, to a specific college, Trinity. Satoshi was almost certainly of this calibre. I know this sounds speculative, but it would be like predicting Messi played in La Liga. I wonder if he did a PhD Satoshi has also self educated in many fields and been in and around the mailing lists Age?Unknown but almost certainly above 30. The 37 age he gave may be close, so he'd be around about 40 now. Profession?This is the hardest of all. Did he become an academic? Did he work in a big accountancy firm. Or an investment bank. Did he become a programmer. Almost no one knows but him ... and maybe a very small circle ... I'd love to find out, and look forward to his return! |
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Bitcoin Bountieshttp://bitcoinbounties.com/Git bitcoinBitcoin Bounties lets you earn bitcoin by helping out open source projects. Here's how: - Connect your Github account and give us a bitcoin address to send your earnings to.
- Find an issue on the issues page and fork the associated project.
- Make a commit to your fork that fixes the issue and issue a pull request to close it. We'll send you the issue's bounty within 24 hours after the pull request has been accepted and the issue has been closed.
To help maintain the service, Bitcoin Bounties keeps 0.5% of all bounties. Git love (for your project)Just copy and and paste the URLs to your most pernicious issues into the box on the login page and send some bitcoin to the addresses we automatically generate for you. And if other people want to help sweeten the pot, all the better: all funds sent to the bitcoin address generated for an issue will go toward rewarding whoever authors the pull request that closes it. Share the issue's page and see how much you can raise! Technical detailsBitcoin Bounties is hosted on an EBS-backed m1.small EC2 instance, with the database and hot wallet kept on an additional four RAIDed EBS volumes. All bitcoins sent to the hot wallet get passed into an offline wallet and held there until at least 24 hours after the Github issue is closed. If there is a dispute over the bounty's proper recipient, you must get in contact with me within that timeframe. If the recipient of the bounty has not registered their Github account with Bitcoin Bounties, I will get in contact with them so they can claim their bounty. Feedback?Please let me know if there are additional features you would like to see at bitcoinbounties.com, or if you have any questions or concerns. Thanks! Love the concept, I signed up ... Does every issue have to be manually curated by an "oracle"? |
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I know that nobody knows for sure ...
But say estimated at a reasonable chance e.g. over 50%?
Is this our best guess so far?
Maybe his GPG key will reveal something: http://web.archive.org/web/20110228054007/http://www.bitcoin.org/Satoshi_Nakamoto.asc-----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v1.4.7 (MingW32) mQGiBEkJ+qcRBADKDTcZlYDRtP1Q7/ShuzBJzUh9hoVVowogf2W07U6G9BqKW24r piOxYmErjMFfvNtozNk+33cd/sq3gi05O1IMmZzg2rbF4ne5t3iplXnNuzNh+j+6 VxxA16GPhBRprvnng8r9GYALLUpo9Xk17KE429YYKFgVvtTPtEGUlpO1EwCg7FmW dBbRp4mn5GfxQNT1hzp9WgkD/3pZ0cB5m4enzfylOHXmRfJKBMF02ZDnsY1GqeHv /LjkhCusTp2qz4thLycYOFKGmAddpVnMsE/TYZLgpsxjrJsrEPNSdoXk3IgEStow mXjTfr9xNOrB20Qk0ZOO1mipOWMgse4PmIu02X24OapWtyhdHsX3oBLcwDdke8aE gAh8A/sHlK7fL1Bi8rFzx6hb+2yIlD/fazMBVZUe0r2uo7ldqEz5+GeEiBFignd5 HHhqjJw8rUJkfeZBoTKYlDKo7XDrTRxfyzNuZZPxBLTj+keY8WgYhQ5MWsSC2MX7 FZHaJddYa0pzUmFZmQh0ydulVUQnLKzRSunsjGOnmxiWBZwb6bQjU2F0b3NoaSBO YWthbW90byA8c2F0b3NoaW5AZ214LmNvbT6IYAQTEQIAIAUCSQn6pwIbAwYLCQgH AwIEFQIIAwQWAgMBAh4BAheAAAoJEBjAnoZeyUihXGMAnjiWJ0fvmSgSM3o6Tu3q RME9GN7QAKCGrFw9SUD0e9/YDcqhX1aPMrYue7kCDQRJCfqnEAgA9OTCjLa6Sj7t dZcQxNufsDSCSB+yznIGzFGXXpJk7GgKmX3H9Zl4E6zJTQGXL2GAV4klkSfNtvgs SGJKqCnebuZVwutyq1vXRNVFPQFvLVVo2jJCBHWjb03fmXmavIUtRCHoc8xgVJMQ LrwvS943GgsqSbdoKZWdTnfnEq+UaGo+Qfv66NpT3Yl0CXUiNBITZOJcJdjHDTBO XRqomX2WSguv+btYdhQGGQiaEx73XMftXNCxbOpqwsODQns7xTcl2ENru9BNIQME I7L9FYBQUiKHm1k6RrBy1as8XElS2jEos7GAmlfF1wShFUX+NF1VOPdbN3ZdFoWq sUjKk+QbrwADBQgA9DiD4+uuRhwk2B1TmtrXnwwhcdkE7ZbLHjxBfCsLPAZiPh8c ICfV3S418i4H1YCz2ItcnC8KAPoS6mipyS28AU1B7zJYPODBn8E7aPSPzHJfudMK MqiCHljVJrE23xsKTC0sIhhSKcr2G+6ARoG5lwuoqJqEyDrblVQQFpVxBNPHSTqu O5PoLXQc7PKgC5SyQuZbEALEkItl2SL2yBRRGOlVJLnvZ6eaovkAlgsbGdlieOr0 UwWuJCwzZuBDruMYAfyQBvYfXZun3Zm84rW7Jclp18mXITwGCVHg/P5n7QMbBfZQ A25ymkuj636Nqh+c4zRnSINfyrDcID7AcqEb6IhJBBgRAgAJBQJJCfqnAhsMAAoJ EBjAnoZeyUihPrcAniVWl5M44RuGctJe+IMNX4eVkC08AJ9v7cXsp5uDdQNo8q3R 8RHwN4Gk8w== =3FTe -----END PGP PUBLIC KEY BLOCK----- |
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