I always feel uneasy to connect a device with private key directly to an untrusted online computer I hope something like a audio modem could be implemented but seems it's too slow to be practically used? https://bitcointalk.org/index.php?topic=135423.0It is already implemented in Electrum, just not easy to setup and use... Be it slow or fast it seems a nice and secure idea, I think... |
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http://www.miningpool.co.uk/breaking-cryptsy-owns-hyper-staking-paycoin-prime-controller/During a community hangout organized by the Paycoin Foundation, a surprise announcement was made that one Prime Controller is being held by digital currency exchange Cryptsy. The transaction was also posted about on the Paycointalk forums. According to that post, it seems plausible that the Prime Controller was given to get Cryptsy to update to the new Paycoin wallet.
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I wouldn't mind for more physical coins on the market, as long as they're cheap  Not fan of big gold coins with complex designs... |
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I don't see anything good coming out of this for Mt. Gox user's in near future, but it's definitely worth a shot for everyone... Worse that can happen is you get nothing and everyone is already expecting that.
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Posting for visibility... And also because I'm pretty shocked, this is definitely no way to ship a miner...
Hope these guys step up and do the right thing
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Well, it was to be expected. People always end up abusing these kinds of services. If your ISP is demanding concerning what kinds of torrents go through your network, you should have added some kind of torrent filter...  And you can reopen with such filter. I would still use the service because it's always nice to have a lot of seeds in my favorite Linux distros... We think blocking is bad for torrenting world, filters is not what we want. And it would be not very viable. I understand No chance to run the site how you want it/how it is with your current ISP then  |
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Well, it was to be expected. People always end up abusing these kinds of services. If your ISP is demanding concerning what kinds of torrents go through your network, you should have added some kind of torrent filter... And you can reopen with such filter. I would still use the service because it's always nice to have a lot of seeds in my favorite Linux distros... |
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We won't have a Bitcoin centered channel in near future I think... How long did it took Bloomberg to appear?  |
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These guys on Qntra are amazing 5.1 GB ... I bet they read it all or most of it! Guess I've got some weekend reading |
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I currently don't use multisig. The few Bitcoins I have are on paper wallets and on cold storage devices. When I started saving Bitcoins on cold storage I was still pretty new to all this and saved them on a paper wallet. Later I discovered Armory and I've been using it since. I've been thinking a lot about multisig in the last few months, but I don't think they would add much more security to the setup I already have. I can either have a split paper backup in many places or the private keys and redeem script to use a multisig address in many places, so there isn't much of a difference. Armory has lockboxes, but I haven't really tried them, as I see no need to use them... Either there is no advantage in a multisig address on top of cold storage saving, or I'm missing something If one can physically obtain a split backup, they can also obtain everything they need to spend from a multisig address. I only see multisig as an advantage on cold storage saving when it comes to having a shared address, just like a shared bank account... Maybe it's really useful in those cases. That's partially why I'm asking, if I should go multisig. I was thinking, if someone broke in and found my private keys to a standard address they could figure out how to use them pretty easily, even if they weren't advanced with bitcoin. If someone broke and got my multisig keys and the redeemScript they would have to know how to execute a raw transaction in bitcoin core in order to steal them, so there is that additional level of security that it requires more technical knowledge to use. The question is, is it worth the extra hassle? In my opinion it's not, but that's just me. Nobody is Bitcoin knowledgeable around here... Even if they were, it's not easy to physically get what's required to spend my cold storage coins. Summing up, I think a mix of physical protection and minimum security measures in storing private keys digitally that makes cold storage good. Don't get me wrong, multisig is amazing, but for folks like us, storing funds just for ourselves, I don't really see a big need in multisig |
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Satoshi didn't only create Bitcoin and the blockchain, he also invented something that touched people's minds, and made them rethink the entire concept of finance, economy and banking. That alone is worth writing in the history books, and those are the kinds of things that start a revolution.
Wherever his ideas may lead us, it will probably be a better place.
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Simply goddamn amazing and fantastic! This is a true victory for Bitcoiners in my opinion, especially Spanish ones... Hope Spain serves as an example for the rest of the EU |
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I've been reading a lot about this bot, never heard about it before... I don't really get what they were trying to do. They just bought random items, for a museum? Why? Not really getting what's the fun in this... Were they just trying to see how would justice react to the bot?
Well, seeing how justice reacted was an interesting development, but I think they were also trying to provoke questions like: Who/what's responsible if an autonomous software agent commits crime, and maybe how society would react? They're the sort of questions we may have to take seriously in the future, what with things like driverless cars, autonomous drones and DACs (Decentralised Autonomous Corporations) on the horizon... Thought-provoking stuff. I see well, they'll eventually create laws to blame the creator of the bot/system... But getting to the author is a different story altogether. |
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I've been reading a lot about this bot, never heard about it before... I don't really get what they were trying to do. They just bought random items, for a museum? Why? Not really getting what's the fun in this... Were they just trying to see how would justice react to the bot?
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I currently don't use multisig. The few Bitcoins I have are on paper wallets and on cold storage devices. When I started saving Bitcoins on cold storage I was still pretty new to all this and saved them on a paper wallet. Later I discovered Armory and I've been using it since. I've been thinking a lot about multisig in the last few months, but I don't think they would add much more security to the setup I already have. I can either have a split paper backup in many places or the private keys and redeem script to use a multisig address in many places, so there isn't much of a difference. Armory has lockboxes, but I haven't really tried them, as I see no need to use them... Either there is no advantage in a multisig address on top of cold storage saving, or I'm missing something If one can physically obtain a split backup, they can also obtain everything they need to spend from a multisig address. I only see multisig as an advantage on cold storage saving when it comes to having a shared address, just like a shared bank account... Maybe it's really useful in those cases. |
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If they want to be a central hub for Bitcoin in Europe, they've got to step up, fast. Otherwise they won't be able to catch up with other cities which already have quite a few places accepting Bitcoin... That being said, London is an amazing city I wouldn't mind spending my Bitcoins on. Someone traveling there won't have to exchange their currency for british pounds! A big plus for visitors. But there are always even bigger pluses for residents |
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There's an advantage for banks to make it deliberately hard for Bitcoin businesses to use them... After all, that's the only way they can attack their biggest competition  |
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Another report on the usual topic... This doesn't add much more info to the one we previously had, but it's an interesting read, nevertheless. Now we know this was a mix of carelessness and inside job.
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Intresting read, but doesn't really tell us much more... It would help if they could find that data gap. At least know we are starting to get the full picture: a mix of lack of security, fear, and not really knowing what to do with so many Bitcoins on one's control. |
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