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Definitely not running an exchange.
As far as an alt-coin, only if it has some unique new features which essentially none do. Not ethereum, he wouldn't launch like that. The dark coins - not enough of an improvement.
Satoshi is around, just not doing an exchange or alt-coin.
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... aaaand add to that the fact that the major runup from 100ish to 1200 was done with a *billion* fake non-existent dollars perpetrated by mtgox aka the greatest single monetary theft ever perpetrated in the history of mankind beyond even the likes of madoff and enron ... the real question is ... why does positive news exist at all ? ? ?
MtGox - $450 million (at the time), 850,000 btc ( http://en.wikipedia.org/wiki/Mt._Gox) Madoff - "Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008." ( http://en.wikipedia.org/wiki/Madoff_investment_scandal) Enron - "Enron shareholders filed a $40 billion lawsuit after the company's stock price, which achieved a high of US$90.75 per share in mid-2000, plummeted to less than $1 by the end of November 2001" ( http://en.wikipedia.org/wiki/Enron_scandal). Regardless of the exact amount, it was well over $450 million. Why is there any positive news about the dollar?  I find it interesting that OP is "loosing" interest. Loosing? |
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"Long term trend down"? Fail. Long term trend has been way up. If they think 180 days is long term, well...
Downtrends start when you leave a relative high, which was the all-time high in this instance. Don't fool yourself. Prices have been in a 1+ year downtrend and have just now showed signs of stabilizing at a new low. The more this reality is ignored, the more the trend will continue down. Arrogance is the bane of revolutionary types. Take great care to not let it be our downfall. 1 year is hardly long term either. If anyone thinks the "long term" trend has been down, they are uninformed and fooling themselves. |
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Only invest what you are comfortable with. As the guy above said, if something seems to good to be true, it probably is - eg 1% per day. Likewise, be safe with your bitcoins, there is plenty of malware out there trying to steal them by infecting your computer.  |
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Thank you for sending to to GM. That was the right thing to do. You are clearly trying to profit off of this exploit. The difference between my suggest and what you are asking is for the community to pay you up front to reveal the exploit verses you likely having to reveal the exploit first to the exchange (or whoever you are selling it to).
So what is wrong with that? Let's say you work at a fast food restaurant, then you also try to profit from the time you invest to roast all those hamburgers, don't you? So what is wrong with doing careful code reviews and trying to live from that? Also, I see no problem with asking for a payment upfront? When you order something online you also have to pay upfront before you receive the goods, don't you? You are criticising all those points, that you do in the same manner in your regular life in exactly the same way (except you are an unemployed guy, who orders goods without paying for them before, which I hope you aren't) |
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Watch: https://www.youtube.com/watch?v=ulDzNmASNb8Full Transcript below... ...
The IRS.
Just Declared War on BitCoin. "Retroactively".
This announcement, that the IRS, will now be treating Bit-coin, as property, not currency, has serious legal implications, for anyone, who has used it, over the past few years.
...
Hopefully their technical skills are better than their spelling. :-) |
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Nice to see investments in mining companies continue so we reach current state-of-the-art ASAP.
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Hi,
A question: DOS vs " shoot down" vs "arbitrary code execution may be possible". Can you explain more? Are you crashing bitcoind "merely" DOSing the server while connected?
Down thread you said "make your node connect to mine". Did you mean any node that connects to your node will crash bitcoind?
Well, the only thing that is required to "shoot down" a node, is that the node is somehow connected to you. It does not matter who initiated the connection. The handshake must have already occured (basically the version message sent and accepted) so it does not work on nodes that block you. Usually that should not be the case anyway. Now, shooting down means that the bitcoind server completely stops. It can be restarted by hand, but until someone physically walks up to the server and resets the application it will remain in an infinite loop and stop working at all. Thanks. I was just curious as to what you were seeing. ;-) btw, one thing I was clear about was whether your node is set to do this automatically to anyone who connects to it or you have to trigger it. I'd ask you to share the details, but given the first post, I presume that is pointless. |
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Hello,
I was just curious if there is any sort of bitcoin bug bounty?
I have discovered a serious bug in all previous (and current) bitcoin reference clients which would allow a denial of service on an arbitrary number of bitcoind nodes (as run by exchanges for example).
While this bug may not leak any private data, it allows you to shoot down bitcoin nodes that you are directly connected to. Arbitrary code execution may be possible (but was not tested).
The denial of service works, tested locally in Bitcoin 0.9 and 0.10 branches.
Newspapers or Journalists may ask me for a demonstration in private.
If anyone is intrested in a disclosure, I am asking 10 BTC for my time doing a write-up
including detailed explanations: 1LaV9xQvmd1gR4fYYWgFMpPXEgAwBYCQN1
If the balance will not reach 10 BTC, I will pay all amounts back. I will also cover the transaction costs myself.
Hi, A question: DOS vs " shoot down" vs "arbitrary code execution may be possible". Can you explain more? Are you crashing bitcoind "merely" DOSing the server while connected? Down thread you said "make your node connect to mine". Did you mean any node that connects to your node will crash bitcoind? |
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"Long term trend down"? Fail. Long term trend has been way up. If they think 180 days is long term, well...
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bit late reply, but ...
yeah, I cancelled all my servers a couple months ago. Lost interest in bitcoins since I'm not an ASIC manufacturer and my primary reason for messing w/ them in the first place was profit. Unsure who owns 5.9.24.81 now.
I have a few servers now but way too underpowered to run bitcoind. I've been thinking of grabbing another Hetzner though, considering how cheap they are now w/ the weak euro .. Something like $30/mo for an i7-3770, 16GB RAM, 2x3TB HDD... and $3 or so more for 32GB RAM... damn.
I found a 4GB (5GB burstable) RAM, 5000GB bandwidth, 150 GB RAID 10, 4 cores for $99/year and moved a server (my bitcoind server) there in early January. I figured for $99/year it was a good way to support the network. And make sure that my tech skills don't get too rusty. It isn't as powerful as the server above, but after 27 days uptime on the new server it has stabilized at about 76% of RAM used, and 46.6 GB/150GB disk with 433 connections as of 10 seconds ago. With server prices dropping every year, I often switch in January if I find a better deal on one server. The scene sure has changed since end of 2010/beginning of 2011! |
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There is no such thing as 'class'. Don't buy into these bullshit categorizations.
This. It is a method of dividing people to stir up resentment in order to keep their control in place. The athoritarians like to divide and control in order to keep their wealth and power. If you are talking about the US, look at income statistics over a decade or two. The "rich" one year are very often not on it ten years later. It is very fluid and that is the nature of a free country. |
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So much for the supposed anonymity of the btc blockchain..
So much for journalists and the like who say it is "anonymous" without knowing the facts - making others believe them. As above, it is pseudo-anonymous and that requires some work. Edit: for those who value privacy, dark wallet and similar technologies will help; side chains, likewise. |
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Nice article. I liked: ...this sense, it seems that the KYC (know your customer) requirements currently being mandated by regulators around the globe should prove to be a sufficient solution to safely embracing the numerous benefits of bitcoin (and Blockchain) technology.
All forms of currency, be they paper or digital, will be abused in some form or fashion by those up to no good. At least with the blockchain, there’s a trail of breadcrumbs to follow after all’s said and done. KYC will work until dark wallet and similar technologies and various side chains become common. Then it will become much more difficult to track. |
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