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3281  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 02:57:33 AM
i am now a bear.


just incase no one noticed....

Here's your theme song:

http://www.youtube.com/watch?v=A7TuFy0fcuw

3282  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 01:27:40 AM
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.
3283  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 01:16:20 AM
What about volume though? Back in April it was 10m to 45m a day. We are at best between 5-10m a day. Stamp down in the tens of thousands only. Think we became more of a niche?
If you exclude the months of March and April this year, the total BTC volume traded on exchanges has been remarkably stable over the last two years (measured in BTC per month):

http://data.bitcoinity.org/#caaaaafiaa
3284  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 01:11:27 AM
seriously... where are all the bitcoins?  Cheesy
http://www.youtube.com/watch?v=NG1qooBzE2w
3285  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 19, 2013, 12:57:51 AM
Remember the last time we were at these levels? This forum was like a carnival. Now... not so much.
It's not as exciting this time around because we aren't going up as quickly as earlier in the year. Look at the size of the candles in March as compared to now:

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSzm1g10zm2g25zl
3286  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: October 19, 2013, 12:15:26 AM
So market cap is @ $3.2B as there are 21M BTC.
Not yet, there aren't.
3287  Economy / Speculation / Re: How far you think Bitcoin will go?! on: October 18, 2013, 11:51:07 PM
The question should be: when will this exponential increase cease?
If Bitcoin becomes the universal currency, then the upper plateau of the S curve would be somewhere between $5x105 and $1x107 equivalent purchasing power per bitcoin. There wouldn't actually be an exchange rate in that situation because there wouldn't be a dollar any more.



At the point at which half of world economic activity was denominated in bitcoin is about where the exponential increase should begin to slow and eventually level out.
3288  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 18, 2013, 11:13:35 PM
A dent in the world? Lol?
The entire bitcoin market cap. is almost pocket change for some of our wealthy elite, lets not even begin to talk on a global scale...
We are a long long way from even making a dent in the status quo...
Building up a lot of momentum before ever truly getting on to the radar is a good thing.
3289  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 09:00:43 PM
Nor is there a need to give customers in many cases an extended public key such as when there is no reoccurring payment relationship.
The customer might not have a single address contain a sufficiently-large output to make the payment. In that case, the customer might prefer to use multiple payment addresses to send the payment in two or more transactions for improved privacy.

The need for multiple payment addresses is not dependent on recurring payments.  
3290  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 08:52:55 PM
believe you're allowing your dislike of third party delegation to blind you to all forms of delegation.  I run a website on a not very secure VPS. I would rather it not be the case that someone who compromises the VPS be able to steal all the funds. So I delegate an extended public key to the VPS to allow it to compute new addresses for payments, the spending of which is handled by an entirely air gapped wallet.  Because some people may fail to pay the usage may be sparse, and you can not depend on advancing only to the next unused address or payments will be missed.
Ok, so you delegate an extended public key to your VPS and keep your master seed on an air-gapped cold wallet. You can still give each customer a unique extended public key - you just need to configure the client on your VPS and on your air-gapped wallet to add one extra layer of structure.
3291  Bitcoin / Armory / Re: Armory - Discussion Thread on: October 18, 2013, 08:41:23 PM
Feature request: make the number of change addresses configurable via a minimum and maximum setting.

Maybe instead of just one change address, I want a random number between 2 and 5.

Then my regular transactions would start to look like CoinJoin transactions.
3292  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 08:38:04 PM
I am struggling to come up with any remotely rational basis for your complaint.  Are you under the impression that a user could only have a single chain, and thus this practice would reduce their privacy for all their addresses rather than just the subset which would have instead used a single static address?
If you're going to encourage people to upload their extended public keys to this forum to hand out to other users on their behalf, then some of them are going to believe they are getting more privacy than they actually are. That is only marginally more secure than posting a static public address and might be worse in practise because of the false sense of security. That's what I mean by a honeypot.

Under any circumstance where it happens when the receiver is not looking forward at least 1000 addresses.
If Alice is expecting a payment from Bob, then she just watches her series of addresses, incrementing her lookahead windows appropriately, until she sees the entire thing.

If Alice is worried about Bob being a jerk and sending payments out of sequence or otherwise inconveniencing her, she just need to arrange the deal such that she waits to deliver whatever product or service is being paid for until she can confirm the payment. That puts the onus on Bob to uphold good behaviour if he wants Alice to follow through on whatever deal is happening in a timely manner.

Alice should also never give the same extended public key to two people, so one person's griefing won't affect her dealing with anyone else.

If we're talking about donations, and some donor wants to send the donation to the address at index 1000000 instead of 1, then Alice will probably not see it for a while. She's no worse off though than if the donor had never sent it at all.
3293  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 18, 2013, 08:25:54 PM
Damn, as I was uploading the screenshot we blew right past that into a new high.

As far as this game of keeping track of old highs goes, nothing interesting happens now until $187.50.
3294  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 18, 2013, 08:25:29 PM
Now we've seen $166.88529 today, which is an intra-day high that has only been exceeded four days in history.

3295  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 18, 2013, 08:13:13 PM
price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion?
3296  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 18, 2013, 06:00:22 PM
This growth is insane.
Really?

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSzm1g10zm2g25zvzl
3297  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 05:17:49 PM
You have failed to improve anyone's privacy.
You've subtly misrepresented what I said, which doesn't particularly surprise me, but whatever.

Are you honestly claiming that creating a honeypot is a way to improve privacy?
3298  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 05:12:41 PM
No. The worst he can do is send nothing to 1000 addresses and then someone else sends 100 bitcoins to the next one.
Under what circumstances would this be a problem?
3299  Economy / Service Discussion / Re: BTC not so anonymous with Coinbase? on: October 18, 2013, 04:54:56 PM
So when the government looks at Coinbase's records, since Coinbase ties user accounts to bank accounts, the government knows how many coins each person has and how much they've appreciated? had.
Fixed.

As others have mentioned, it's possible to move bitcoins you've purchased from Coinbase in a way that is indistinguishable from spending them, so you can create plausible deniability with regards to still possessing them.
3300  Bitcoin / Development & Technical Discussion / Re: HD wallets for increased transaction privacy [split from CoinJoin thread] on: October 18, 2013, 04:47:36 PM
What if there is no "last transaction"? How else but a lookahead bound to you propose to avoid scanning forever?
If you're talking about an attacker trying to grief the recipient by consuming large numbers of addresses, the worst he could do is send a single satoshi to each address in sequence, and since the number of satoshis is finite there's no "forever" involved.
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