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27761  Bitcoin / Bitcoin Discussion / Re: Does Satoshi hold any power? on: November 29, 2013, 01:19:55 AM
satoshi put together principles of using Sha256, etc. but satoshi like anyone (currently) cannot crack sha256. all the code is there in plain view of it turning a random number into a sha256 hash and then a few extra bits, a checksum and then that becomes a private/public key.

but actually cracking the cryptography command.. no satoshi does not know how to do this
27762  Bitcoin / Bitcoin Discussion / Re: Bitcoin and alt-coin rant on: November 28, 2013, 02:38:23 PM
the way i imagine it is like this.

imagine bitcoin was the Euro.

if we all accept Euro and had only one body of leadership Eurozone/bitcoin foundation. they will inevitably want to conform to the laws of where they live eurozone in germany/bitcoin in america. which leaves other countries in disagreement. some countries then want to split away from the euro/bitcoin and adopt their own currency.

EG americans love bitcoin, alot of european developers love litecoin, australians love ozcoin, and a few UK folk like feathercoin.

even so bitcoin will remain dominant and the freedom of people to choose their preferred coin should be that, a freedom. we should not require referendums and politics to dictate currencies (which is currently happening in UK and europe)
27763  Other / CPU/GPU Bitcoin mining hardware / Re: Avalon Mini - Issue on: November 28, 2013, 02:18:00 PM
if i remember rightly the instructions were to change from static to dns.

un cable the avalon-PC link and put the cable back into your modem.

then look at your modem/router settings for the new IP address.

mine appears to now be 192.168.1.72, although it was .1.100 at initial configuration straight out the box (static). but as i said your modem/router would see it in 'connected devices' so you should find the new IP for your avalon there
27764  Bitcoin / Bitcoin Discussion / Re: Don't let this be your story, losing BTC b/c of company statements....please on: November 28, 2013, 02:25:02 AM
although i feel your pain that you missed the oppertunity to profit on the rise.
technically what MTGOX done, was not a loss. you agreed to cash out when prices were whatever they were. so its not a loss, just a prevention to gain later. as long as you were made FLAT meaning MTGOX gave you the dollar to play around with that you gave them in the queue then MTGOX did not lose you any funds. it was not their decision, but for you to decide that day your happy to change 6BTC into the dollar value, which you then requested to withdraw. that was 100% your decision. just from reading your post it states that MTGOX did inform you that there was an issue(there is a delay), explained why(backlogged), and gave you a timescale(couple weeks)

you also had the opportunity to leave the queue and re enter the BTC market before the time you did, again that was your decision to stay. MTGOX are not financial advisors, it is not their responsibility to tell you what to do with your funds. nor is it good business practice to tell a customer to leave them and go somewhere else for a better service.

again i do feel sorry for your pain of missing the boat, but sometimes that is life.

now because im not MTGOX and trying to retain customers or need to worry about customer loyalty blah, here are some general 'pointers'.
only banks or court ordered businesses can 'freeze' account so although MTGox says payments are delayed, they should never prevent you from cancelling the withdrawal request to then use those funds elsewhere.
exchanges are not financial advisors so they should not tell you to buy back in, or sell off or anything else. they can or should however give you options. but sometimes these options are not clear. and definitely not designed to be treated as instructions, actions to take. simply open options, leavng you the power to decide.

if ANY business makes excuses that extend beyond your countries standard banking timescale EG 3-5 business days. then be very wary of them. usually its a sign of these things:

1. their bank is in trouble legally or atleast for a long term.
2. they have already spent the deposited FIAT (or large percentage) and are now trying to honour withdrawals using the fresh deposits of others.
3. no intention of allowing withdrawals (dangling a carrot infront your nose)

if anything takes longer then 3-5 days, go somewhere else. worse case scenario you lose small percentage on the arbitrary prices of different exchanges. but you can always play the markets to possibly gain the % while getting KYC sorted with a more reliable FIAT withdrawing exchange.
27765  Bitcoin / Bitcoin Discussion / Re: Never say BITCOIN is anonymous ^^ on: November 27, 2013, 07:29:36 AM
bitcoin does not force identification EG requesting utility bills and photo ID when opening the bitcoin-QT client (unlike FIAT bank accounts) but if you want to be untraceable, atleast hide your IP and dont throw your addresses into the footer of forum messages etc.

because thats as bad as "anonymous" making a video wearing the mask then at the end not editing out the bit where they left the camera running, taking off their mask and then mentioning identifiable information to other people in the household.

your only as anonymous as your own stupidity/cleverness to conceal yourself.

and speaking about the other anonymous - the group of hackers are anonymous until they appear on documentaries with their names showing on the banner across the bottom of the TV screen. ( it has happened )
27766  Bitcoin / Meetups / Re: Thailand meet up? on: November 27, 2013, 07:15:44 AM
i got relatives in BKK and yes when bitcoin reaches a magical number i will want to go visit them, i might even send some coins over first to get them to go to a meetup and get the coins converted with some friendly faces there. just so that i have some spending money for when i arrive Cheesy
27767  Economy / Trading Discussion / Re: What is the real deal with AML laws? on: November 27, 2013, 07:02:35 AM
It seems that only MtGox actually enforces them.  Are they now a PSP or bank?

MtGox says the reason they prohibit wallet-to-wallet bitcoin transfers (yes, they are prohibiting for unverified accounts now - even if you put your coins in there long ago) is because of the AML laws... yet, no other wallet site (that I know of or use) has this restriction, as they all allow me to transfer bitcoins to another address without the need to verification.

So, either MtGox is making up it's own AML rules, or none of the other sites, like Blockchain, for example, are following them.

Does any know what the real deal is with these AML laws?  it is all kept very secret.  In fact, the AML laws require that the exchange NOT notify the users in advance before the exchange put in place any new restrictions or limits...but only AFTER they are in place.

The real question is... where can I read the AML laws, specifically on how they apply to bitcoins? (although I still find it hard to believe they even Do apply for wallet-to-wallet transaction... but that is what I am told by MtGox)

alot of businesses dont know the AML regulations. so sometimes they go overboard whenforming their own business policies and practices.
AML laws are about reducing the risk of money laundering. a sub section of this, which helps prevent criminals get identified is the KYC (know your customer).

AML regulations only apply to the FIAT side legally. the regulations of most countries are roughly $1000 in a short period of time being deposited or withdrawn or $10k a year, giving businesses the abilitiy to tailor their own policies to reduce the risk of serious criminal activity occuring. but some businesses go overboard in regards to their own risk management handbook/policies.
EG bitinstant use to have a $500 limit, some other exchanges only allowed a $50 a day limit.

businesses cannot lock out a customer from their funds, or cause undue stress or delay but they refuse certain services to customers that do not wish to comply to their policies. EG having the withdraw/deposit fiat buttons disabled unless KYC details are verified.

i have no clue why MTGOX are messing with bitcoin features. but its MTGOX's policy of risk management, its not the government authorities regulation to do this.

it may be to prevent EG:
customer A depositing FIAT from USA BANK, converting to BTC to the give to customer B via MTGOX codes who converts it to FIAT to then put into a swiss account on behalf of customer A(laundering/tax evasion). but seeing as customer A and customer B should be KYC checked with their fiat withdrawals or deposits. i see no reason to hinder bitcoin services. all mtgox needs to do is log all internal transactions, in case one of the customers does flag up as a known link to serious crime. it would show the logs.

to me i think MTGOX whole system is lacking in many features and security. so i dont trade with them. i prefer other exchanges that seem to be more understanging of fiat regulations and underatnding how to be compliant without distrupting customers lives
27768  Bitcoin / Bitcoin Discussion / Re: Bitcoin Poor on: November 26, 2013, 11:42:56 PM
we all pay taxes.. while everyone moans about people 'defrauding' by taking government payments and having bitcoins cold stored, please please remember this.

these people are not receiving $50k a year + christmas bonus + travel expenses + living expenses paid for with your tax money. these people are normally only being given enough to pay other corporations in the form of utility bills and rents and food. which may only accumilate to a couple thousand a year.

for every $1 of tax you pay less then 1c goes towards welfare, yet more goes towards those useless government officials that sit in offices doing nothing. if you think the government employees deserve their high pay office jobs, just remember, when it was declared that government employees should go home and government would work on basically a skeleton crew. the world did not collapse. this goes to show that governments WASTE money on highly paid people.

now if your into facts and figures
check out the government statistics about numbers of government employment.then check out the number of unemployed people there are

now in both categories add up the weekly average income and you will see that grand total of government employees take more then people on welfare do.  yet media shout out propoganda that the cause of this crisis belongs to the people that cannot afford proper nutritional food 3 meals a day.
the tax is meant to pay for security and public services. not wasted on office jockeys, paid to do nothing in a government building

now i hope this has brought your head out of the sand just enough read this next part.

if you had the choice of turning $8k of hard earnings you made into enough within a year to never be in the poverty solution again knowing that with that wealth, the amount of sales tax and other taxes over the future years will by far compensate any initial government incomes.
or
spend those earnings and never secure a better lifestyle, and possibly remaining dependant on government incomes.

what would you choose. and the same for government.
if they knew that for under $10k they can set people up for life, out of poverty simply by buying up $8k of bitcoin and giving $2k to live on for 1 year. wouldnt that be better then having people living on unemployment payments long term
27769  Bitcoin / Bitcoin Discussion / Re: concerns on the bitcoin system: isn't it TOO perfect? on: November 26, 2013, 01:43:52 PM
Re: concerns on the bitcoin system: isn't it TOO perfect?
try reading the coder for once, then your skeptical senses will vanish

personally I don't know about that, but I'm confident that at least bitcoin-qt's code is well audited and doesn't contain any major bug).

well many thousands of people have audited it, but your senses will continue to tingle untill YOU satisfy YOUR senses by reading it YOURSELF
So, if you're skeptical like me,

you also start to mention satoshi, well learn the history for once, then your skeptical senses will vanish,

please don't become like some people here that just theorise idea's without research.

27770  Economy / Trading Discussion / Re: HOW DO I GAIN TRUST on: November 26, 2013, 12:39:43 AM
1. use escrow
2. have pictures of the product with a handwrote note in the frame with your name on it ( prove ownership )
3. don't google image the product
4. dont copy and paste description from review/auction site.
5. dont fail to deliver on promises.

number 5 is most important, 1-4 ensure customer loyalty and quicker sales
27771  Bitcoin / Bitcoin Discussion / Re: How to get my favorite sushi restaurant to accept Bitcoin? on: November 25, 2013, 06:09:09 PM
2 methods, depending on your personal choice.
1. if you want it so that you have a place to spend your coins.
talk to them about bitpay the same way as if they were 'visa'. they open a merchant account and bitpay display a special barcode for each transaction which customers pay into. and then the sushi place gets paid.

2. if you want the wider community to spend their bitcoins.
give the manager say, £$300 upfront as a form of bar tab and when the customers request to pay BTC, tell him to check the 'bill' total against a BTC exchange price and then show the customer YOUR QR code. that way YOU'RE the 'exchanger' and the manager is prepaid, so he has no issues with that.
after confidence is build or customers increase above the bartab, you can then adapt your personal bartab into an automated wire transfer each night  and do things via API to your site so that your a 'proper' gateway. and make it into a business. or get him to make a bitpay account. either way its about getting your foot in the door to 'trial' it out first and then fully adopt later. the main issues some businesses have is the trust of being paid FIAT at the end of it all.
27772  Economy / Service Discussion / Re: If you used Brainwallet.org - MUST READ! - Security Breach! on: November 25, 2013, 04:48:42 PM
it has been asked many times for the simple snip-it of code that makes a private key. the answer is always view source of brainwallet. pfft i dont need all 1383 lines of code that do all the different functions. we just need the basic convert random characters + checksum and then convert to public. which should be under 100 lines of code

this will then allow people to make their own programs that hash words into giberish in any form they like. EG a mix of md5, sha256 followed by another passthrough of sha, before then converting.

then they atleast can make their own scripts to

take the first page of moby dick and MD5 it.
take the 6th page of the bible and MD5 it
take the 207th page of 50 shades of gray and MD5 it

put all 3 codes into a sha256
add a MD5 of Moses 10 commandments
sha256 again

and then put this through the 'brainwallet converter code'.

then next time they just put in those pages

27773  Economy / Service Discussion / Re: If you used Brainwallet.org - MUST READ! - Security Breach! on: November 25, 2013, 10:59:42 AM
you could always use a sha256 generator first
my - 038468518ad8122e13112743f890c7ba96ac5665b71de548eceb23e9ef237805
m0m5 - f4b4dff4af48415ce1883a01d5589022fb11b1adb2c9b53aa9439cabd9273d5c
c00k135 - c092a98000322afadf557a9754f1fac6d97d21e8c0432e518edd1b5dc7e3c67f
4r3 - 9a55b85547d8d71b45fbd1000d7053fbb254571d11fe3c230592e41531bf6413
n1ce - 781d42e75cbf8d87d48dcbb54a20fdb1d9e70f02d6759124d1a3c7e68d5c9f92

combine the results to become 038468518ad8122e13112743f890c7ba96ac5665b71de548eceb23e9ef237805 f4b4dff4af48415ce1883a01d5589022fb11b1adb2c9b53aa9439cabd9273d5c c092a98000322afadf557a9754f1fac6d97d21e8c0432e518edd1b5dc7e3c67f 9a55b85547d8d71b45fbd1000d7053fbb254571d11fe3c230592e41531bf6413 781d42e75cbf8d87d48dcbb54a20fdb1d9e70f02d6759124d1a3c7e68d5c9f92

then put that into the brain wallet to add further randomness to the words.

or ofcourse run it through a sha256 again (without spaces) to give you f9640de45673cc0baacef1b9d4c407f06c453d72d06c99cf8870d19114d42d51. make your own checksum code to make it a private key more direct without using third party services.

27774  Bitcoin / Bitcoin Discussion / Re: Could we stop using the word "taint"? on: November 25, 2013, 09:59:19 AM
the word taint is actually better then the word marked.

taint is about it containing traces of something which over time can reduce in levels

Quote
taint (teɪnt)

n.
1. a trace of something bad or offensive.
2. a trace of infection or contamination.
v.t.
3. to modify by a trace of something bad or offensive.
4. to infect or contaminate.
5. to sully or tarnish (a person's name, reputation, etc.).
v.i.
6. to become tainted; spoil.

if we say its marked then that applies a more permanent status that the coin is forever marked at a single level that cannot change. meaning each time a bitcoin is used it will be flagged up as bad funds, whether its passed 1 hand or 500 hands.

if we say its contaminated then that applies that bitcoins on a physical level have been altered/damaged/changed in a negative manner. which we all know bitcoins are not physical. meaning that people will not want to touch it. at all.

taint is more appropriate as the level of negative trace reduces with each transaction, thus allowing for judgement that the receiver directly knows the negative trace (high taint) or has no knowledge or connection to the negative trace (low taint).

unlike bank notes, which after being in circulation for a few years, get burnt by banks and new notes are produced to replace them, bitcoins can not get deleted and replaced with fresh bitcoins, over time every coin will have some taint of some sort. so i would never want to use the term marked as every bitcoin will get flagged up everytime its used. the same with contaminated, every bitcoin will get flagged or people will not desire to touch them, making bitcoin theoretically useless. but the word taint allows for people to realise that in the real world if something changes enough hands its bound to get dirty, but atleast they can tell how dirty it is to accept it or not.
27775  Economy / Service Discussion / Re: BTC-E lower price on: November 25, 2013, 02:31:41 AM
BTC-E use to be a sheep of MTGOX, and used as a arbitrage route, basically buy cheap at BTC-E sell on mtgox and put funds back into btc-e again. this made btc-e have a 10% gap to cover the then possible fee's to swap between the exchanges.

although now it cant be done, BTC-E users dont like to channge their ways easily. they still follow gox prices like a shadow follows a naked lunitic with no clue what to do next.

thank god bitstamp and other exchanges have cottoned on that MTGOX only holds 30k of BTC on the sell walls at peak times and as little as 12k when not so busy. making mtgox the LEAST reliable price guide out there.

BTCChina and bitstamp are the better price guides purely because they atleast hold more coins to make a more accurate destinction of value.

so remember this, right now btc-e wants to remain pegged at a 10% lower gap from MTGox but following the ups and downs. btcchina and bitstamp are no longer followers, but leaders in price valuations.

have fun trading
27776  Bitcoin / Bitcoin Discussion / Re: vote:legalize drugs,filesharing and forgeries.make criminals go out of business on: November 25, 2013, 02:16:38 AM
1. legalise drugs, making them free to obtain - obamacare, check
2. remove copyright restrictions to legalise file sharing - NSA can legally copy private and corporate data, check
3. allow forgeries into circulation - U.S mint endlessly printing money backed by nothing, check
27777  Bitcoin / Bitcoin Discussion / Re: Won't Bitcoin Push Computers into a "Terminator" Style Revolt? on: November 25, 2013, 01:03:38 AM
stop sniffing the glue.

i know silk road is gone, but trying different methods to get high don't seem to be doing you any good. try some fresh air and coffee, sober out of addiction and love life in the real world.

that being said,
now ill leave you to hallucinate how a johnny mnemonic sequel that becomes a prequel to the matrix story line would unfold....

 in a hyper imaginary future scenario it will be developed, a tech that we plug our brains into a computer and use our spare 90%+ unused capacity to churn out block solutions.

i hope this will atleast keep your mind busy while you sober up

27778  Bitcoin / Bitcoin Discussion / Re: I have seen the movie - bitcoin debit card on: November 24, 2013, 02:37:21 PM
If there was a chance to go to just 1 branch of business like computer store or an electric company and pay with BTC I would't have to cash out as much. Everyone would profit.
its already here, albeit in limited operation

www.bitcoinstore.com

http://ca.finance.yahoo.com/blogs/insight/canadian-mining-company-using-bitcoins-pay-bills-214847246.html
27779  Bitcoin / Bitcoin Discussion / Re: I have seen the movie - bitcoin supplier transactions on: November 24, 2013, 02:28:25 PM
much like

low paid air stewardess has a side hobby of bitcoins. one day she realises that cold store of coins she had years ago are now worth $250,000. she wants to cash out as her dream was to be a passenger and not the air hostess, enjoying the luxuries of one of the first flights ever into space on virgin galactic.

her dreams start to fade once she realises mtgox will freeze the transaction, then her bank, then the credit card company would refuse such a large single transaction..

ring ring...surprise telephone call from her boss. well the boss of her boss.. sir richard branson, he heard her plight to be a customer as her lifes dream, so he takes the bitcoin direct. no questions asked
27780  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't worth it for consumers. And that will stop adoption. on: November 24, 2013, 12:46:50 PM
Playing devils advocate here.

It's been bothering me lately, thinking about this. Consumers have absolutely no motivation to use Bitcoin. And because of that, I don't understand how it will ever go global.

All the motivation is for merchants. They avoid merchant fees. They get no chargebacks.  But they're also going to get no sales (aside from enthusiasts), because consumers have no incentive to use it, whatsoever.

Where are the perks for consumers, in a situation where they're buying something with bitcoin?

The only benefit Bitcoin brings to consumers, is money transfers. People who send money Home to their families in other countries. Bitcoin will corner the market that Western Union currently dominates. And probably put it out of business. While that is a huge industry, it's a fraction of how big Bitcoin could become if consumers used it for purchasing.

What incentive do consumers have to use Bitcoin at all? None. And because of that, it's never going to be adopted worldwide. Again, playing devils advocate here. I want to hear people's responses to this. Because in my mind, it seems to be true. And that is depressing.

You may say, it's just like cash, what motivation do people have to use cash. Or it adds a level of privacy. But these aren't significant enough benefits for a worldwide paradigm change. We're talking about adopting a new paradigm here. There needs to be incentive, for people to even bother making a huge change like this. Especially when it's more difficult than cash. More confusing than cash. More ugly than cash, requiring people to understand several decimal place fractions and other complicated things. So not only is there zero incentive to use it, but there are several reasons why they wouldn't.

There needs to be something huge, global, significant, about Bitcoin that will motivate people who buy things to say "Forget this silly cash! Forget my credit cards!"

Tell me why this is wrong. Please.

imagine it this way in 10 years time. consumers will be using apps connected to payment gateways and shopping services where they deposit small amounts of satoshi's into their 'app' accounts to then use at starbucks, train stations, gas stations. in 10 years the price would be stable the spread of bitcoins reaches millions of individuals, instead of just thousands, meaning less hoards by single minds to cause a noticable swing in price.

so i open my shopping app hosted by bitpay for example, i see i already deposited my weeks wage of satoshi's i received from work. and now i choose starbucks from the menu, order a coffee and the 'offchain' transaction occurs to pay for the coffee and credit starbucks balance inside bitpay. that same instant starbucks accounting department withdraw all of its offchain balance to ONCHAIN bitcoins stored in their own safe.

how is this possible or why would it happen?

analogy time
quickpayservice by bitpay=visa/mastercard
your own safe= bitcoin-qt
sending wages ONCHAIN into bitpay = wire transfer

the difference between the financial FIAT system of today and the bitcoin system of 10 years.
1) visa ultimately has a national bank behind it with accounts which are then divided up into sub accounts for customers. with bitcoin bitpay will be the bank  and payment processor all within one company.
2) visa balance checks require 'processing' times of 10 seconds before then authorising payments. and in most countries the pin number is required. with bitcoin the balance can be checked while the customer is still ordering, reducing those embarrassing moments of 'insufficient funds' after spending 15 minutes making product selections and having them scanned through a cash register.
3) instead of shifting gold or physical bank notes between banks via secure truck, ONCHAIN transactions between services will allow the digital transfer to happen world wide in minutes (10 minute block time) that is on a protocol the whole world then understands (blockchain) is not at risk of double spends due to accidently hitting the button twice or receiving 2 transactions via a data echo. thus removing the 3-5 business delays of traditional banking.
4)by pre-depositing funds into a service allows the funds to be pre-confirmed. this allows them to be used for instant transactions OFFCHAIN.
if your rich and do not want to risk your wealth with these third party services then you can keep your funds in your own safe.

much like the banking system, which then uses a corporation such as visa as a top layer service for faster payments. bitcoin will be the same. the blockchain will be the backbone of the financial system, with businesses offering different financial systems ontop of the blockchain. most people day to day wont touch the block chain as that is a few layers down. much like today most people dont use wire transfers to fill up the car with gas. they use a top layer service such as visa.

if your still not understanding the analogies imagine it this way.

bitcoin=bank of america
bitpay=visa
then read http://en.wikipedia.org/wiki/Visa_Inc.
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