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3001  Economy / Service Discussion / Re: Bitfinex stopped working? on: April 15, 2013, 09:49:43 AM
fwiw, I've been tracking it for the past few days in a little nook on my sheets. Frequent cancellations explain Thursday (any chance we could negotiate time/fee with lendees?). Other days might be mostly explained if on "Lending" page, the interest rate EXCLUDES (which would contradict the site saying "includes") the 10% fee... I have one individual loan which I've calculated should be bringing in $26.14/day and has been active for a few days, so that isn't really jiving with the data off BFX. That said, I can't really complain on returns for $1k.


Date___Expctd Gain__Real Gain__Difference
04/11/13   $273.97   $139.60   -$134.37
04/12/13   $28.77     $21.76   -$7.01
04/13/13   $27.13     $12.39   -$14.74
04/14/13   $26.97     $24.14   -$2.83
04/15/13   $26.49     $23.07   -$3.42
3002  Economy / Service Discussion / Re: Mtgox claim officially turned bitcoin into Ponzi on: April 14, 2013, 10:52:48 AM
I really don't understand how MtGox is still the default exchange. What with all you highly skilled technical enthusiasts devoting so much time an energy to the bitcoin experiment. Oh, wait, that would be actual work and not just a circlejerk. My bad.

I've talked to a few people about making a exchange, apart from the fact that it is difficult to do right the biggest issue I run into is getting USD into such a system.

I live in Australia so obviously I would host the system in the USA or Europe, with the cold wallet stored in Australia. But how do I get USD? I would have to open a USA bank account, and then If I want to accept bank deposits I have to follow the law and verify all the customers and have mechanisms to withdraw and deposit in hundreds of countries. It just seems like a lot of hassle of handling that part, the moving USD in and out.

The exchange is a technical problem that I wouldn't mind dealing with. but the USD is a business problem far out of my capabilities.
It gets a lot easier when you only have to accept vouchers. Loss of GoxUSD was a major blow to the parasitic grey market operators, and a major blow to Bitcoin-related USD usability. I'd imagine other exchanges will be following Gox's lead here with regards to FinCEN regulations. Getting fiat out of government control will always be a necessary goal, and removing the codes is a giant leap backward, even if I do suspect Gox engaged in FRB with it.

Idunno... Whatever happened to the sea platform The Pirate Bay was interested in buying....? Sealand. Surely we have plenty of multi-millionaire ultra-idealists in the community, now....
3003  Economy / Service Discussion / Re: Mtgox claim officially turned bitcoin into Ponzi on: April 14, 2013, 10:37:50 AM
This sentence had me laughing... "Even as we speak, we are still being attacked by a yet-unknown group of people who clearly have intent to hurt MtGox and Bitcoin as a whole." [translated to English]
3004  Other / Off-topic / Re: back to dialup on: April 14, 2013, 10:34:52 AM
Here I was about to sympathize with you, but it's just some punk-ass kid.

I've been on 70kbps the last 5-6 months, so you can go fuck yourself, ingrate OP.  Kids wasting bandwidth on fucking Farmville and I can't even pay my propane bill... Angry
3005  Other / Off-topic / Re: Do you think the Queen is buying up Bitcoins? on: April 14, 2013, 10:32:06 AM
*sniff, sniff*

Anyone else smell that? I'm picking up hints of LaRouche. It's just a matter of time before OP segues!
3006  Other / Beginners & Help / Re: Data directory size vs. blockchain size on: April 13, 2013, 10:58:38 PM
(sorry to thread-jack -- can I delete blk1-4 + blkindex in Bitcoin folder? I installed .8 on top of .6 without deleting that folder. SSD's down to 12.6gB free space, so removing waste would be nice.)

You can remove blk0001.dat, blk0002.dat, blk0003.dat and blkindex.dat from the root data directory after a reindex is complete and you are caught up with the blockchain (and you don't plan on going back to an older version). Only blkindex should actually be using disk space, as the old BLK000x data are moved upon upgrade, and the blk000x.dat files you see there are hardlinks (shortcuts) on any filesystem that supports hardlinking.

The new database for v0.8.0+ is stored in two subdirectories, "blocks" (block data, with block id database in "blocks/index"), and "chainstate" (unspent output database). Do not mess with files in these subdirectories.
Thanks.
3007  Other / Meta / Re: Whois? on: April 13, 2013, 10:50:25 PM
magedtalk@hotmail.com? with name Randy Bitcoined? Same person as Maged global moderator here?
Name isn't Randy, doubt he'd use a hotmail account, so probably not.

Phishing attempt?
3008  Other / Beginners & Help / Re: Wallets on: April 13, 2013, 10:45:08 PM
I noticed that besides the address where people can send bitcoins, there is an even longer number with numbers and letters. So, it's essential for me to save/keep 4 things: 1.) The site or program for the wallet, 2.) the address for receiving bitcoins, 3.) the long letter/number key and 4.) my password.  So, the only thing I have to give an outsider is the address for sending me bitcoins. Grin
You got it. You can get as secure as you want. Security can generally be tiered as follows:

High-risk: pooled online wallets
These wallets do not let you extract a private key, so if the site goes down, you lose access to your BTC. Additionally, if the site's compromised and someone can access the admin privkey(s), they can take all your funds, so you're totally trusting in the competence of the admin.
Examples: MtGox, most mining pool wallets, MyBitcoin

Medium-high-risk: Individually-keyed online wallets which store privkeys on their server long-term (unencrypted hot wallets also belong here)
These wallets let you extract a private key in case the site goes down, but if the admin accounts are compromised, your BTC can be stolen. A crooked admin can also take your funds at will.
Examples: GLBSE v1, Huh

Medium-risk (or medium-low risk depending on implementation): Individually-keyed online wallets (and many lightweight clients) which do not store privkeys long-term (or might use a signature system)
These wallets let you extract a private key and do not have long-term access to your accounts. In some cases they have no access. There may be some dangers of a type of MitM attack either from a third-party attacker or possibly the admin depending on implementation. These usually allow encryption of the wallets.
Examples: Strongcoin, Blockchain.info

Low-risk: Encrypted, local hot wallets ("hot" meaning the computer hosting it is connected to the Internet)
This is probably the most popular choice for those willing to host and keep up with the blockchain. You can extract and backup your keys, and if your wallet files are stolen, your funds will probably still be safe so long as your password is reasonably secure.
Examples: BitcoinQT

Ultra-low-risk: Encrypted offline wallets
Here, privkeys are kept on a computer not connected to the Internet or your local network. You have an online computer which can broadcast transactions, but these transactions need to be "authorized" by the offline computer. Generally, you use something like a thumb-drive to transfer files back and forth. This still has vulnerabilities, however.
Examples: Armory, paper/brain wallets (see Mike's post)


(apologies for any misinfo in advance. I didn't mean to write something so long, and I'm no expert.)
3009  Other / Beginners & Help / Re: what the difficult mean, when you mine? on: April 13, 2013, 10:03:42 PM
i can't understand what the difficulty mean, when you mine, setting this value to high is better?
Yes.
3010  Other / Beginners & Help / Re: Evidence that bitcoin isn't controlled by a few on: April 13, 2013, 09:59:58 PM
How can we know that bitcoin isn't controlled by only a few who have lots of them?

look at the fourms from early 2010-2011, those people have the most coins
Or the most dollars???
3011  Other / Beginners & Help / Re: Data directory size vs. blockchain size on: April 13, 2013, 09:52:35 PM
Old Bitcoin's blockchain format took up more space, I believe after skimming through my Roaming folder. blk1-4 + index in Bitcoin folder = 8.6gB. blk1-5 in "Blocks" folder shows 6.79gB. An additional 879mB is in rev.dat files, 32mB in Bitcoin->blocks->index folder, and 200mB in Bitcoin->chainstate folder. 16.6gB total, but I believe that's because I didn't do a truly clean install. Perhaps you have some of the old mixing with the new?

(sorry to thread-jack -- can I delete blk1-4 + blkindex in Bitcoin folder? I installed .8 on top of .6 without deleting that folder. SSD's down to 12.6gB free space, so removing waste would be nice.)
3012  Other / Beginners & Help / Re: cgminer.exe on: April 13, 2013, 09:31:16 PM
That's interesting. Could you direct me to one of the places you downloaded CGminer?

I have an ancient copy of CGminer (2.4.1) if you need it...
3013  Economy / Service Discussion / Re: Bitfinex stopped working? on: April 13, 2013, 09:22:15 PM
Tons of .1BTC orders executed in the past few minutes... Possibly a lag?

Probably wasn't written assuming Gox would keep cutting in and out...
3014  Economy / Service Discussion / Re: 45+ minute lag on Gox - WTF?? on: April 13, 2013, 09:15:26 PM
"Cooldown" makes me imagine Mark hovering over a giant steam-powered computer wondering why it keeps burning up all the oil. The photo is obviously sepia.
3015  Economy / Services / Re: Fast Typist Needed - Transcription Services on: April 13, 2013, 09:06:07 PM
$.35/minute for first job, $.50/minute after. Can probably caption videos if you'd like. Can't start until Monday or Tuesday, but can put in ~15h of work per week.

What is the required turnover time?
3016  Bitcoin / Development & Technical Discussion / Re: Bitcoin clients should have a MESSAGE option ! on: April 13, 2013, 08:54:20 PM
the blockchain is designed to be a ledger, not a place to put your messages. if you want to do that, feel free to create your own "message coin" fork.
There's a pretty big and obvious benefit to include time-stamped "memos" directly with payments. Idunno exactly how fees and messages would work, but assuming it counts toward BTC/kB fee, seems like a pretty reasonable (if poorly-timed) request.
3017  Other / Beginners & Help / Re: Norton Internet Security reports Trojan.ADH.2 in cgminer.exe on: April 13, 2013, 08:48:57 PM
If I'm remembering right, it is not uncommon for mining software to get tagged by AV software.

Mining software uses tons of resources (whether CPU or GPU). If CGMiner were installed without consent and then used to mine for the attacker, most A/V companies would probably just slap a malware label on it. Since they're actually called "BTCMine" in the Dr. Web definitions, this seems to almost certainly be the case.

I'd still use it, but then I still use Windows, so I'm not credible.
3018  Other / Beginners & Help / Re: Evidence that bitcoin isn't controlled by a few on: April 13, 2013, 08:38:06 PM
How can we know that bitcoin isn't controlled by only a few who have lots of them?
We know Bitcoin is controlled by tens of thousands of people the same way we know God exists.

We know Bitcoin is controlled by ten people the same way we know God doesn't exist.
3019  Economy / Service Discussion / Re: Can't Withdraw USD Using MtGox Code - Is Mt Gox Removing Features? on: April 13, 2013, 08:20:39 PM
Yep. Gox sent out emails to people who used the system a few days before they cut service, but I don't recall any general announcement.

"You are currently making use of a system which will be deprecated on Thu 11 Apr 2013 12:00:00 AM GMT:

Generation of USD and CAD redeemable codes will not be possible due to legal issues"
3020  Other / Beginners & Help / Re: I only make NMC on: April 13, 2013, 08:18:24 PM
Okay i get it thank you very much, i will watch it then  Smiley
Yep.

Found a page on BitMinter which might help. http://bitminter.com/shifts

Looks like you should start seeing BTC in your account after ~1h20m of mining if I'm reading that right. Doesn't really explain why you have NMC in your account, though. They might not use their "shift" system there.
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