Bribing the 3 pools is actually pointless. Ultimately, they'd be the ones losing out as after a 51% attack nobody would want to mine anymore. They lose miners, they lose fees... Won't benefit them really. (Unless the bribe is HUGE).
Still, won't actually happen!
you would be surprised if i told you that many people are not bitcoin 'lifers' they dont care about the future of bitcoin, they just want wealth now to cash out to fiat. as for not wanting to do it because it would ruin rep. .. pirate had a price in mind of how much he deemed as 'enough' before running, mark karpeles had a figure in mind before he decided to screw people over. i bet if i offered anyone here $10m just to install some code on their server. knowing that although bitcoin would be screwed they would atleast have $10m to play with instantly . which would have taken 10-12* years to get, by just continuing to run bitcoinpools. miners are very visibly greedy and would definetely be tempted by a instant $10m payout for 5 minutes work. which would put the 51% attack price as low as $30m, maybe less *at todays fiat price calculated against the 1% pool fee and average blocks per hour/day/year/10 year |
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I'd hardly say the price went 'bonkers'. This news is probably unrelated but people always try find a story as the source or cause of the price rise.
it took 3 months to tank from $1000 down to $400.. dont expect it to be $1000 in 5......4......3......2.......1.... nope still not $1000 but atleast its heading in the right direction |
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the revelation that china is not shutting shop. (due to PBOC announcement)
the revelation that chinese business is expanding not exiting.
the revelation that all the dumpers are fud fearing sheeple and that the panic was meaningless.
the revelation that 2 chinese exchanges expansions are ATM's which means people are going to buy bitcoins locally in stores (where the ATM is eating the sell wall to fill purchases causing prices to go up due to demand)
you choose which
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instead of crying about it on a forum. contact them yourself and correct them.
email is your sword, correcting them is your battle. don't be afraid, no blood will be spilt...
its just an email after all.
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in theory.. you dont need to buy thousands of ASICS. you just need to bribe the top 3 mining pool owners to collectively use a different mining script that you have coded. bribing 3 mining pool owners is much cheaper then buying the equipment |
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all im hearing is "setting up a company" "share holders" "promoting a product" doesnt sound decentralised or an actual crypto.. more like a ripple company clone.
i also laugh that altcoin fanboys call their altcoins "2.0" to try to make it like they are the bitcoin replacement, purely by having a "2.0" in their name.. many fails
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its not the fact of the ATM exactly, its the proof that chinese exchanges are expanding their business and not dissolving their business. so confidence in china is returning. time to buy up while in the 400's as its about to go back to 600-1000 this week..
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finally now people are seeing that chinese exchanges wont be shutting down and are infact expanding their business.. can the chinese FUD about dying off, please stop |
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Radius of Influence
Republic Of Ireland Return Of Invoice the movie RIO for dyslexic children |
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Hey! I have an idea! Let's make sure an organized body with enforcement powers issues the currency and that way if anyone does anything bad, they will be beholden to the courts of that organized body. We can call the currency they issue "fiat" and the court will be the legal system. The organized body can be called a government.
The whole point of a distributed system is that no one body can control the system and the whole point of proof of work and a public ledger (blockchain) is to prevent double spending. If someone gets ripped off, then I guess you have to negotiate better, or develop your street smarts or get a better sense of how to read people, or be less naive.
this is not about bitcoin (the protocol). this is about the businesses. secondly by it being an open contract. there is no 'oversight committee' or organization involved. instead a business just signs the contract, and ANYONE can enforce it, its called decentralized empowerment. the contract is about giving consumer confidence and empowerment to enforce their consumer rights without needing a 'consumer body' made by a government. its a contract between business and consumers.. not a 'oversight committee' and business |
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return on investment EG if you invested $8k in mining rigs and you only got 0.5btc a day when mining. at current prices ($400) it will take 40 days of 0.5btc a day to get $8000 worth of bitcoin to break even. more complicated is that the difficulty rises every 2 weeks. so depending on what day you began mining and considering the difficlty rises it may be 90 days before you have got $8k of btc purely because the difficulty change means your 0.5btc reward, starts to turn into less, at each difficulty jump. and that excludes more miners joining in between difficlty jumps, taking a slice of the shares, which also decrease earnings. so ROI could be 90 days. the funny bit is that most miners are shooting themselves in the foot, because either before or at the point they breat even, they realise the equipment thy are using is sucking such an amount of electric that the declining BTC reward is not covering the costs. and as such as soon as they break even they then spend the $8k on the next generation of equipment just to cut costs and TRY to make back their $8+ profit in a shorter timeframe. endlessly chasing their tail ok thanks anyone no the average ROI for mining bitcoins
without knowing what rig you got, your electricity costs you got.. no.. |
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That starts off as sounding totally elitist (for obvious reasons, not everyone has bitcoins or ever will afford them) and transitions into a dream where the governments say ok everyone you run services now, sorry about that taxation stuff.
still staying off topic. but anyways its happening now.. its called privatization... where 'public' services used to be paid for using tax, but are now done so by private companies via their consumers. once government sell off all their "assets" (public services) people WILL start to wonder what are they paying tax for.. so all we need to do is help this process along, by making bitcoins involved in the privatization efforts. this is the future. but its not the future of 2014-2015.. its the future of many years. bitcoin is still a toddler and needs to grow to truly get to these goals.. alot of people think bitcoin is just a 5-10 year project, but its a century long project atleast. yet these kids think they should run before they can walk. so now is the time to teach these kids the right and wrong way to do things, and allow them to grow up and become independant.. by that i mean hospitals wont become 100% bitcoin funded tomorrow, not even 1%.. but with time the balance of funding WILL change,, and we are all at the start of it, it all bgins with us talking to public services about alternative funding.. and let the idea grow |
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not accurate. just a rough guide. by the time you bought the rigs. 10,000 more people may have turned their rigs on, which cuts the slice of the pie more thinly when it comes to shares. and then their rigs add to the hashpower making the difficulty raise each 2 weeks for everyone involved. no one can predict how many users will join tomorrow, so by the time you bought the rigs, the hashpower has changed. and if its been 2 weeks, the difficulty has changed. (2 factors that alter the siz of the share you will get) so treat it as rough estimate, not something to base 'guaranteed income' on.. you will never know exact numbers of fnds you receive, ntil you receive it. |
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the dogecoin emblem looks photoshopped..
and the post-it note.. tooo white.. the photoshopper could have used some colour tone
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What's the Icelandic government thinking with making auroracoin?
icelandic government dont endorse, know or care about aurora. much like indians dont know, care or indorse mazacoin. but hullcoin looks interesting.. still not yet endorsed by the towns council, but looks more promising in comparison to the other 2 as the town council have more local powers to enable it in th town, and have atleast had some presentations and talks about the possibilities. unlike the other 2 |
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in regards to heartbleed domain owners should panic, yes.
users, not so much, but still change passwords just for paranoia's sake
as for the exploiter asking for 1BTC for the usernames and passwords..
if he truly had the usernames and passwords to bitstamp, do you really think he needs 1btc from selling a zip file..
i can think of an easier way to get 1BTC .. hint is in the so called data he is offering
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I believe you're correct about the ASIC "scam".
1. If a product exists, people will buy it, even for a small gain.
2. The above forces everyone to buy it because of difficulty.
3. Repeat at NO. 1 and most spend more than they earn due to delays.
The only solution seems to be a coin that does change algorithm on a monthly basis. I don't think bitcoin will implement this, so mining BTC you agree to play the 3 step game above.
i wouldnt call it a scam. i would just call it greed. everyone is shooting themselves in the foot trying to get a bigger slice of the block reward pie% while selling their coins instantly causing the price to tank. miners are not investers of bitcoin. they sell coin back to fiat to pay electric and equipment costs. so miners are basically investing in electric companies. which makes me laugh at the whole mining community. its pure greed and thoughtlessness. mining pools are now ruining the benefits of bitcoin. because they cant afford to mine, or hold out for good bitcoin prices to sell for profit. their impatients makes them now want to demand everyone pay a bitcoin tax so they can keep mining. (transaction fee). miners do not realise that without greed the blockchain would survive with just 2 ETHICAL and HONOURABLE people mining the network. i blame the miners for telling all their friends and everyone they know about mining.. because now their friends are the ones competing against them and causing them to lose money. again totally shooting themselves in the foot. meanwhile the smart people are not in the 'rat-race' of mining, we are making more bitcoin per day trading on exhanges, selling products and services with nice profit margins. whilst not having huge equipment/electricity costs. bitcoin has moved away from the gold speculation of the wild west where the dream of being rich through mining is left to the guys digging holes for themselves..., now people are setting up small businesses selling merchandise.. |
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Part of the reason regulations exist** is to enforce things like this. Do you really want people to get away with dumping toxic waste into your water with no repercussions? People think the banking industry is evil now, can you imagine how much worse it would be if it didn't have any regulations at all?
Light regulation isn't a bad thing if done correctly, but you can't regulate Bitcoin itself, you can try to regulate businesses who operate in/accept it.
**Disclaimer: Not all regulations, some are just for the purpose of collection $$$ under the guise of "protection", that much is true.
+3 to add, government regulation is done incorrectly anyways. it has failed people many times, it is also under the consumer view as being a proactive safeguard that regularly checks on businesses and keeps them inline. the reality is that government regulation is retroactive, and only work in response to a report. businesses using purely bitcoin* should not be regulated by governments. but should atleast be accountable to some kind of standards. i am not aiming for strict rules such as 'trading only on monday-friday, and only if the sun is shining'.. all i and the community want and need is just some honour, ethics and morals that businesses should follow *if they use fiat then fiat(government) regulations do apply |
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OP i know that you are vanitygenaddress@gmx.com so stop scamming people trying to advertise your trojan,, under the misguise of it being customer data. the fail is that the timestamps in the data show different times of the day. yet it refers to christiankobe at 3 different times of the day. the chnces of a hacker only collecting only kolbe's data and then rm9661 data at varing times of the day in just one 64k segment are unrealistic. there is more chance that you are both kolbe and rm9661.. and the reason that you can see your registration data clear as day, is because when you registered both pseudonyms at different times of the day you were using a session encrypton for your computer allowing you to read the info clear text of your requests.. through the responses you received. meaning the only info you got was your own info. the same for filiopio the version one of the checker showed the yellow submarine checker.. where only yellow submarine was clear text and the rest was jibberish. EG  that pastebin looks too clean,, also 64kb of data wont show time stamps of multiple users that register throughout the day, all timestamps would be of the sametime and the data would not be limited to just registration page information. it would have other data linked to other tasks the server was doing too. well thats if we atleast believe that heartbleed could read clear data from other connections. summary: my opinion is this pastebin was created by the OP of this topic trying to extort 1BTC out of people. the data example is to clean and clear to be a memory dump. so DO NOT PAY HIM |
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looks legit, but more likely false data used to trick people into paying 1 BTC to a scammer that will just send a trojan to you in a zip file.
within 10 minutes i could put together a copy and paste where i could make it look like i have satoshi's details instead of christiankolbe62's details.
i say dont pay the 1btc. but for paranoia sake change password anyways, it wont kill anyone to change your password
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