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3461  Economy / Service Discussion / Re: Support a Bailout for (MT)Gox.com on: February 26, 2014, 11:30:49 AM
How much are you donating to this bailout?

All the bitcoin and fiat you had at mtgox? Sounds like a Cyprus bail-in!


What do you say, we show some support for a Bailout in the case of MTGox?
I think it will be the best thing for Bitcoin as we are in the transition stage from "innovative tech" to "regulated and trusted main stream innovative tech"...
In order to make this transition we need support from the community and the world.

Of course, on top of that... people (like me) who have funds @ MTGox would like to get access to those funds asap.

Let's get this thread a lot of positive support for a bailout for MTGox!

It is not the time to be cynical. It is not the time to say "told you". This is the time to help.

What do you say? help and show support for the Bitcoin ecosystem, Bitcoin holders and traders who spent money, time and effort supporting this business and also the public image? Everyone who traded on MTGox probably talked about Bitcoin a lot with friends, family and others helping the ecosystem and we are talking about A LOT OF PEOPLE.
If this works out, then the Bitcoin community will be stronger than ever and also, don't worry about the bail-outer/s, they will get their Bitcoin value increased, self recognition for knowing they did the right thing and also, a lot of commissions and future funds.

So please, for all the right reasons, show support for a bailout in this case!

I think this is a true test for Bitcoin and the community.


3462  Bitcoin / Bitcoin Discussion / Re: This is a witch hunt... on: February 26, 2014, 11:29:24 AM
If you don't have the private keys, it isn't your bitcoin.

Think about it, if the politicians, realtors, appraisers, closing attorneys, Wall Street and banks had been regulated, the bank/S&L crises of the late 1980s and the bank crisis 2007-2009 wouldn't have happened. All we needed was some regulation to stop that. Likewise, Madoff couldn't have happened.  /sarcasm

3463  Bitcoin / Bitcoin Discussion / Re: Meme: "Bitcoin user not affected" on: February 26, 2014, 11:22:39 AM
If you don't have the private keys you are not a bitcoin user. You are a creditor with a ledger entry on someone's books.


...
3464  Bitcoin / Development & Technical Discussion / Re: How many confirmations is enough? on: February 26, 2014, 01:42:20 AM
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?

Apparently you should've waited a few more.

If MtGox is going to rely on the tx id alone, it seems the number of confirmations that is enough to accept the payment is infinite.

:-)
3465  Alternate cryptocurrencies / Altcoin Discussion / Re: Krugercoin P2Pool Source Needed on: February 25, 2014, 07:47:16 PM
it does look like it is working, but I have not seen the config for it.

3466  Bitcoin / Press / Re: [2014-02-25] Reuters: Facebook stock is not so different from bitcoin on: February 25, 2014, 12:28:15 AM
Nice one. And it was pretty balanced.
3467  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: February 24, 2014, 11:47:55 PM
Second Market suspending investments -  what could be the cause?  Huh
what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

+1.  No one does any research before they post.
3468  Bitcoin / Bitcoin Discussion / Re: Can Foundation member confirm MtGox Malleability trans. Claim? on: February 24, 2014, 12:43:26 PM
Hi
Can please a Core developer or a Bitcoin foundation member confirm whether the Malleability transaction problem has a truth to it?

thx

The Malleability issuse is a known problem to insiders since 2011.

The better question to ask is, how many issues like the Malleability problem exist within the protocol.   Each of such problems represent a 'trump' card that any exchange could play to manipulate the market or exploit it's customers at any time. 



The BTC exchanges should be either regulated by independent bodies or should be forced to extinction by introducing a Public and Decentralized Exchange with interface to fiat provided by IMF or the World Bank or some such ^^

Getting away from fools like the IMF and World Bank was part of the point of bitcoin, so please, not them.
3469  Bitcoin / Bitcoin Discussion / Re: My MBPS is 1.5, is that enough to be able to sync wallets on: February 24, 2014, 01:51:22 AM
Hello, my current ISP is providing 1.5 MBPS, but when I run my bitcoin wallet, it doesn't automatically sync. IS 1.5 MBPS too slow to sync bitcoin wallets?

You should be fine. What OS? Version? How long have you left it running? Etc. :-)
3470  Other / Beginners & Help / Re: Create a paper wallet with a password-protected private key on: February 23, 2014, 08:33:44 PM
Yes, there are wallets that support it - bitaddress.org among others let you generate them. Sorry that wasn't clear the first time. :-). Just take a look at the wallets and see if they do.  I think blockchain.info may too.

(Follow all the steps for creating them offline of course).

More info here too:

https://bitcoinpaperwallet.com/bip38-password-encrypted-wallets/


I got it now! Thank you a lot! It's exactly what I wanted  Wink

Thought it might be. :-)
3471  Other / Beginners & Help / Re: Create a paper wallet with a password-protected private key on: February 23, 2014, 03:49:49 PM
Yes, there are wallets that support it - bitaddress.org among others let you generate them. Sorry that wasn't clear the first time. :-). Just take a look at the wallets and see if they do.  I think blockchain.info may too.

(Follow all the steps for creating them offline of course).

More info here too:

https://bitcoinpaperwallet.com/bip38-password-encrypted-wallets/

3472  Alternate cryptocurrencies / Altcoin Discussion / Re: Zerocoin, the bitcoin killer? Time will tell but I say yes on: February 23, 2014, 02:20:34 PM
You do know that ZeroCoin is a protocol change to *coin?

It's not designed to be it's own crypto- currency unless the dev team has run out of patience with it being adopted and decided to fork.

From the github page:

Quote
Zerocoin: C++ lib for anonymous extension to bitcoin

They stated that they intended it to be its own coin now - zerocash, iirc. Of course it could be rolled into *coin later.

I also saw that their next paper update should be available shortly (end of Feb, supposedly, from their twitter account).

:-)
3473  Other / Beginners & Help / Re: Create a paper wallet with a password-protected private key on: February 23, 2014, 11:37:55 AM
Check out bip38.  This may be what you are looking for.  As far as paper, probably archival, but you could print on several different types for backup.

https://bitcointalk.org/index.php?topic=333452.0
3474  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core Developers Should Be Paid on: February 23, 2014, 12:00:54 AM
0.8.6 was released back at the beginning of December 2013:
https://bitcointalk.org/index.php?topic=364353.0

Bitcoin 0.8.6 has just been released.
This version addresses some of the transaction malleability issues that have recently come to light.

The following queries are presented for your consideration:

Does this new version bring additional value to the protocol?
Is the network more robust with this fix?
Is the network improved?
What is the worth of this improvement?

Should the people who made these improvements be rewarded?

These are not frivolous questions.  The future of the Bitcoin economy may depend on answering these questions correctly.
Because there are developers who have contributed their time and labor in the past doesn't mean they will continue to do so in the future.


3475  Economy / Scam Accusations / Re: Macbook stolen in 2010! 1200 BTC on it! HELP! on: February 22, 2014, 11:57:00 PM
If you had Mobile Me and Back To Mac (pre iCloud which started in Oct 2011) turned on and know the appleid then there could be a slight chance it is still connected. Very slight, but it is worth a try.  Likewise, if you had any type of time machine backup set and the wallet.dat file was backed-up, look there.

Your best bet is to figure out what cloud storage service you used, the password etc. and check there.  Likewise, if you have a time capsule or other time machine backup, check those.  Also, if you did have any of the old MobileMe features on, see if they are still active.

If none of those, you'll have to find the machine and hope that it hasn't been formatted IF you can even find it.
3476  Bitcoin / Bitcoin Discussion / Re: Exactly 21 Million ? on: February 22, 2014, 07:53:50 PM
by 2140, everyone that's alive right now will be dead and gone... not our problem..

Not necessarily.

http://www.alcor.org/FAQs/index.html

-B-


+1

Everyone cremated or buried will be dead and gone.  Alcor, well, there is a >0 chance.
3477  Bitcoin / Bitcoin Discussion / Re: Exactly 21 Million ? on: February 22, 2014, 07:53:16 PM
https://en.bitcoin.it/wiki/Controlled_Currency_Supply

http://bitcoinmagazine.com/2842/block-reward-halving-a-guide/
3478  Bitcoin / Press / Re: [2014-02-22] Overstock CEO Says He’s Holding on to Bitcoin like Gold on: February 22, 2014, 07:48:02 PM
Yeah now all the whales hoping for another 1000% profit over the year , i am afraid that will never happen again.

i think it will  Wink

+1.  QFT.

If the "market cap" remains around $10 billion, bitcoin will not have succeeded. Back when the "market cap" was "only" in the tens of millions, people were saying the same thing.  Thinking it could go to $100 million seemed like a fantasy.  :-)

Either bitcoin will continue to grow tremendously from here or it will fail.
3479  Bitcoin / Bitcoin Discussion / Re: The Scary future of BitCoins - the Death? on: February 21, 2014, 07:09:21 PM
So why exactly do you think bitcoin is going to die  Huh
Why should WDC be a better option, just because of the faster confirmations?

The amount of research from OP into this about "BitCoin" is low.  Can't even get the name right?  Also, the "transaction is fully confirmed within 60 seconds only" statement is somewhat meaningless.  Confirmation time isn't critical once a fee paying transaction is in the network which is essentially instantly for a bitcoin, double-spends at that time are extremely unlikely.  If you can double-spend with a much smaller hashing rate on WC, "faster" confirmations are meaningless.

WC might be fine, bitcoin might fail, but the arguments presented haven't shown anything of the sort.
3480  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your thoughts on dogecoin (technically) being unlimited? on: February 21, 2014, 03:52:50 PM
Actually I like the way dogecoin being unlimited, it prevents 51% attack..

It does nothing of the sort.  This is talking about mining that continues to have block subsidies forever.

See:
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
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