I heard that the IP addresses are the miners that relayed those transactions or the node's IP that relayed the transaction to the miner that confirmed the transaction, either situation would not show the IP of the person who actually moved the coins unless they connected directly to the miner which is a rare thing.

I could be wrong.

Well the country flags can be very inaccurate, but the transaction path is known as its just reading the blockchain. (If you are asking, "is the transaction tree accurate?" then yes its 100% accurate)

EDIT: However I am not sure that is Labcoin's coins. It looks like its a gamblers coins. I think you are tracing the wrong person.

Good luck buying expensive Labcoin stock (anything above 1 satoshi is expensive for this stock)

51% attack allows you to double spend your own coins (by rewriting the blockchain where you sent coins originally (to a merchant for example))

So last week you me 100 bitcoin, today you 51% attack and resend those 100 bitcoins from last week to another address. Now those 100 bitcoins I got from you last week are double spent / invalid and you got whatever product I sent you for free.

I think this is somewhat what happens. Also a 51% attack allows you to deny anyone else transactions, so you can stall the network.

Do we know who holds the 7,000 bitcoin or what's left of it?

If he kept a lot of profit from commision, he may have half a million bitcoin stashed away somewhere.

If he goes to jail, he might become the richest person on Earth whilst incarcerated.

Incredible.

Someone just bought 10,000 shares.

Not sure what illness that person has, its probably serious.

Also I am sure if the miners do this the Bitcoin nodes will reject the block making a hardfork. I might be wrong about this though.

If this ever happens, Bitcoin dies that day.

Its really that simple, not sure why people think this could be done with no repercussions.

Bitcoin works because of its trustless nature, Satoshi himself made a big point about that. However if we allow the movement of funds without knowing the private key then Bitcoin becomes a trusted system, we now have to trust the miners not to move funds and now Bitcoin is the absolute opposite of what Satoshi intended.

So if this happens, the trustless foundation is no more and people will lose faith and the value of a Bitcoin will become less than a dollar.

ActM has been the worst investment I have ever made.

Labcoin now almost 10 times less than IPO.

I'm really liking the vote idea. Between 0.2% and 1%, vote weight is based on amount invested for what period of time.

EDIT: this vote is for max bet profit.

This would require dooglus to build a system to track vote weight per account in real time.

However an additional thing to add would be a time half life. So older time is less relevant past a certain point, perhaps after 3 months each month on has halfing effect.

An example: days 1 to 365 (site open for a year)

Example involves person A and person B.

Day 1: A has 100 bitcoin invested, B has nothing invested
Day 275: A divests, B now invests 100 bitcoin.

Day 365 vote weight:

A should have half the vote weight that B has, and every month more that B stays divested the time should half off instead of degrading like normal, because its old irrelevant time.

If no half life is implemented, then at day 365 A will have 3x the vote power of B even though B has been far more current.

I think the half life should not be too close to the current day because whales can just invest for a short period of time, but if after 3 months the time invested past that point becomes worth less and less, it will give current investors a better vote.

The site will need to count vote weight all the time, if B divests 10 bitcoin for 1 day this needs to be continuously monitored and weighed.

EDIT 2: The downside is that this is very complicated for something that is currently 1 variable that dooglus has set and most people are happy with.

Thats why I expected the dividend today.

Where is this?

I got my last shares out at 0.002

But its a shame because I was holding a lot at one point and really liked the idea to hold shares in a new mining company. At the moment the money I have made from Labcoin has offset my loss in value from ActM.

So my investments in Lab and ActM have made the whole thing breakeven, which sucks because of the time invested.

EDIT: I had been looking for an excuse to get back in, but I don't think that is ever going to happen.

This makes sense, especially considering high CPU usage might raise suspicions and the payoff (bitcoin mining) is not worth it. I think they were saying the click fraud and such were generating 100x the money bitcoin mining was generating.

Its not economical to run a botnet for Bitcoin mining.

Great, that just means Nakowa will come and win another 400 from us to make it up...

Damn, so the chips need fixing? How were they hashing at 800GH/s? I missed the Q&A because this thread grows 20 pages a day.

Except he can't stand the massive loses the site has made, even if its not his money being lost. Please read dooglus's posts. He has mentioned wanting to shut the site down quite a lot.

dooglus cares a lot about the investors and the losses they are incurring does not sit well with him.