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2881  Economy / Service Discussion / Re: Cryptonyx.com - up to 6% per week - Discussion on: October 15, 2014, 12:02:30 PM
"Up to 6% per week?"   Sounds very fishy.

With that kind of return you'll make 20 time your money each year. Why do you need investors? In 2 years a 10,000 investment will be 4 million.
2882  Bitcoin / Bitcoin Technical Support / Re: Possible to crack encrypted BTC wallet if you lose password? more questions too! on: October 14, 2014, 09:32:11 PM
This is just fud and has been discussed to death. 

it seems is that is possible using quantum computer.
 GOOGLE and the NASA can do it,  it seems they can because any.two of them has a copy of the first version of quantum computer made by D-Wave.
2883  Bitcoin / Development & Technical Discussion / Re: Difficulty! Do we really need it? on: October 14, 2014, 09:27:23 PM
You know CAP theorem.
Says that a PARTITIONED system cannot be simultaneously CONSISTENT and AVAILABLE.

So bitcoin network has to enforce periodically some rule for nodes to become CONSISTENT like agreeing on a common time.
Else eventually the system will always split in two highly AVAILABLE but not CONSISTENT parts (block chain fork)

Bitcoin is just fine but talking about ways to improve it by relaxing some requirements in favor of a simpler behavior (such as using some external time references widely available over the internet)  i think always helps. For example there is an ongoing discussion on increasing transactions volume

I think many would disagree with the premise of the statement that using a central server is an improvement, whether it be for time or anything else.  Likewise, most enjoy discussing well thought-out proposals that could be used.

Centralization opens up more attack vectors and is the antithesis of the protocol design, so I think you'll see a lot of resistance to anything that centralizes things and many people wouldn't switch to a fork that includes centralization by design.

:-)
2884  Bitcoin / Bitcoin Discussion / Re: Russia banned BTC on: October 14, 2014, 03:49:28 PM
How many do we count already?

Not as many as "China Bans Bitcion, OMG, the sky is falling".  But getting closer.

 Cheesy
2885  Bitcoin / Bitcoin Discussion / Re: Very Dangerous & Slick Scam: cryptomsgr.com on: October 14, 2014, 03:42:57 PM
And ppl claim bitcoin is completely safe... Computers and technology could be a threat, perhaps it is a boon, just that 98% of you are going to get robbed, scammed, fleaced.... No different than fiat money.

Perhaps it time our species takes an evolutionary leap forward in the intelligence dept and bitcoin will be the guiding light


Bitcoin is extremely safe.  Computers, less so and that varies by OS and the operator.  

If I hand my cash to a known criminal, the odds are he'll take it.  This has to do with people, not bitcoin.

Don't leave your bitcoin online.  Don't download software to the computer you use for bitcoin.  Don't give anyone your private keys. 

:-)
2886  Bitcoin / Bitcoin Discussion / Re: Tor+Blockchain wallet hacked? 633 btc loss on: October 14, 2014, 01:53:36 PM
... Then there was an error message pop up, he closed it and refreshed the wallet page...

That probably was probably a key moment.

Exactly.  They were key logging him or had hijacked the computer and then transferred the money out.  It is doubtful it was a MITM attack while using TOR when the easier method is to just have owned his computer.  (Of course it is possible, just very unlikely).
2887  Bitcoin / Bitcoin Technical Support / Re: How 'Anonymous' is Bitcoin? on: October 14, 2014, 01:24:53 PM
NO ip address in the blockchain, my life is a lie!! Grin. But seriously, it is in the blockchain right?

If you are asking if an IP address is stored in the blockchain, the answer is no. Nodes will just see a transaction was relayed by X which may be your IP address or not.

2888  Bitcoin / Bitcoin Technical Support / Re: Re: How 'Anonymous' is Bitcoin? on: October 14, 2014, 12:15:20 PM
IP logging can be an issue with bitcoins. Here is more info on the anonymity part of bitcoin: https://bitcoin.org/en/protect-your-privacy
use Tor or i2p with bitcoin.

Are paid VPN services useful?
I recently tried out paid version of CyberGhost VPN (http://www.cyberghostvpn.com/en) where you can fake your IP to your choice of country.

Does this provide anonymity, given that we use new BTC address for every transaction?

Paid VPN can be useful as a part of a strategy. Alone, no.  It also depends on what attack vectors you are trying to protect against, how you are paying for the VPN etc.
2889  Bitcoin / Development & Technical Discussion / Re: Message to devs from merchant on: October 13, 2014, 05:05:10 PM
I don't mind about merchant anymore. I do mind about Bitcoin itself. I remember times when everyone was able to launch full node, even on raspberry. That was ONLY 1-2 years ago! How about 10 years prediction?

Now I see more and more posts where launching full node is kinda unbelievable heroic doing.

Ppl said earlier like you - not a problem. No, it's a problem!  Look at chain size growth in time - it's parabolic! Will we loose full chain eventually? Because nobody cares.

I still run a full node on a RPi, external hard drives are cheap. I expect they will get cheaper per GB/year in the future. I bought a 3 TB the other day for 130.- USD.

And then there are the 8TB and 10TB drives from WD (and others).   http://arstechnica.com/information-technology/2014/09/western-digital-readies-first-10tb-hard-drive-ships-new-8tb-drive/

6TB is about $250 and about 270 times the current block chain.  Even growing at 20 GB/year, that is a long time before it is full.  Even IF it grew at 100GB/year (~10 times last year) that is still many, many years to fill it.  And then there are the 8TB and 10TB drives and that is just what is available now.

2890  Economy / Service Discussion / Re: IM REALLY ANGRY - BEYOND ANGRY on: October 13, 2014, 12:08:17 AM
...
But here is the real problem: these spammers need to be stopped.  The very next version has to have an anti satoshi feature which block stupid dust transactions to many addresses.

...

It won't. Services just need to handle unconfirmed transactions properly.

Here it seems they do not handle it correctly. OP is right to be upset with the service itself.  And unconfirmed transaction should not block you account.
2891  Bitcoin / Press / Re: [2014-10-11] Ecuador to Launch the World's First Digital Currency on: October 12, 2014, 03:23:14 AM
"Ecuador to Launch the World's First Digital Currency"

I don't think they know the meaning of the word "first".
2892  Economy / Service Discussion / Re: BTC-E unconfirmed transaction for a month on: October 11, 2014, 04:24:34 PM
i was scammed

If that is the right BTC-e address, then they may just have a big that didn't credit it.
2893  Economy / Service Discussion / Re: BTC-E unconfirmed transaction for a month on: October 11, 2014, 04:16:49 PM
Can you post the TX or your BTC address? You can't boost the speed. But not getting a confirmation even it was broadcasted for 1 month which is very weird. Usually, transactions like this stop being bradcasted. Can you tell me the wallet you are using?

   ~~MZ~~

8eb268d15be450fd0dc80636afe88a007de5389f43c9dfeb146e0eceedec645b

This isn't really the right section. You might move it to the tech support area, but it looks like it has about 4171 confirms:

http://btc.blockr.io/tx/info/8eb268d15be450fd0dc80636afe88a007de5389f43c9dfeb146e0eceedec645b

Where did you see it delayed? If on BTC-e, you should talk to them.
2894  Bitcoin / Development & Technical Discussion / Re: Preventing Asic mining [fork] after next halving would solve a lot of problems. on: October 09, 2014, 05:35:29 PM
But one moment in future it will rapidly fall to zero.
Similar to how one moment in the future people will stop posting half-informed hand-waving to this forum?

You can keep asserting things like this-- but you've given no justification. There is no mechanism by which the security is expected to "rapidly fall to zero" known to me.
I don't know what he's talking about either, but I can think of scenarios where Bitcoin's security is compromised. Imagine a rapid price drop to $10 right now -say, as rapid as the rise from $10 a while ago, nothing more spectacular than that. All of a sudden, practically all mining operations cease because they're no longer profitable. But then there's tons of mining equipment left to perform attacks by mining for short periods of time.

The question is whether the current ongoing costs to run the miners are higher than the value of the bitcoin mined, not necessarily the sunk cost of purchasing it.  That ongoing cost is actually quite low, so it seems unlikely that the fiat value of bitcoin would drop sufficiently to cause them to shut down the miners.  It could drop enough so that new mining hardware's ROI isn't merely somewhat negative, but hugely negative in which case the manufacturers would have to drop their prices or be stuck with a lot of inventory.

Likewise, if one assumed that the miners did shut down their hardware because even the ongoing costs were too high and dumped it at a loss, you (or someone else) might be able to purchase the miner at 5 cents on the dollar and for you a purchase at  that price would be profitable and the miner would be back supporting the network.

Just like no one would buy an Avalon 1 at its initial cost during the fall of 2013 because it would not have a positive ROI, but might if someone sold it for a penny.  Then it might have covered its cost and been slightly profitable (or pick some other ASIC that fits that scenario, I didn't run the exact numbers for it.)


2895  Bitcoin / Press / Re: [2014-10-09] Forbes: Can A "Junk Standard" Buttress Bitcoin Prices? on: October 09, 2014, 05:21:58 PM
A bitcoin "backed" by a commodity means there is a central party you must trust and who can be coerced.  This is the opposite of a distributed currency.  It is then subject to audits (like there have been calls for with Ft Knox in the US) etc. 

Talk about the author not understanding a basic component of bitcoin.
2896  Bitcoin / Press / Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins on: October 09, 2014, 12:12:11 PM
Great!Venezuelans will know bitcoin can preserve the value like gold and has more advantages than their fiat bolivars. They will accept bitcoin.

And when you need to flee dictators like those in Venezuela etc, you can easily flee with a private key.  Platinum, gold or silver, not so easily unless it is pre-positioned outside their grasp.  And authoritarians are lengthening their grasps daily around the world.

:-)
2897  Bitcoin / Bitcoin Technical Support / Re: Blockchain Erratic Sync Speed - Why? on: October 09, 2014, 01:32:58 AM
Glad that helped.

I believe it can be programmatically disabled.  I will look into that.

Edit:
I went to look at the code and it appears someone added some os x specific code in the plist to disable app nap a few days ago. So perhaps this will resolve it in a future update.


Disabling AppNap seems to have solved the problem.  Thanks for the tip.

With AppNap throttling enabled, bootstrapping would have taken weeks.

I am guessing there is a way for software to tell the OS not to throttle it with AppNap.  I could see not including such an 'extra' in Bitcoin Core for security and stability reasons.  Making it clear to the user that AppNap can severely limit the bootstrapping process I think would be a good idea.  not sure where the warning should go.
2898  Bitcoin / Development & Technical Discussion / Re: Looking into forking the core wallet to use parallel computing to verify blocks on: October 09, 2014, 01:29:22 AM
As an academic exercise this is an interesting discussion.  From a coding perspective too. I did some code for a hyper-cube (and some other highly parallel machines) in grad school and love the area.
2899  Bitcoin / Bitcoin Technical Support / Re: problems with bitcoin-qt on mac os x on: October 09, 2014, 12:00:10 AM
...If you restore lost data make sure you backup your wallet.dat first. Your HDD seems to have problems.
...

shorena made all the points I'd have made - just want to emphasize what he says above.  Backup the wallet.dat file in several places.  And make sure that you can unlock it there before you do anything.  It is better to be safe.

(Of course if you have 0.00001 BTC in there, it probably doesn't matter).
2900  Bitcoin / Bitcoin Technical Support / Re: Bitcoin QT wallet not showing bitcoins since transferring it to new computer!HLP on: October 08, 2014, 06:02:04 PM
You should always make a backup of your wallet.dat and store it on a different harddrive or even better some cloud storage service.
...

If you do use some cloud storage service make sure that you have it password protected and perhaps even that wallet in a password protected encrypted image. (But better to just not do it.)
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