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3701  Bitcoin / Bitcoin Discussion / Re: The Australian Cyprus Begins, Opposition LEADER Calls it "shades of Cyprus" on: April 05, 2013, 08:56:17 AM
didn't the opposition propose taking from low income earners instead?

whatever, I've never put anything extra into my super - I never expected it to be there if I ever reached retirement age.

I think the most worrying thing is that Australia is doing this when they were among the least affected by the GFC - imagine whats coming for the rest of the world.


A gigantic axe.  The rich are now attacking the poor directly, and transforming the mystic middle class into lower-classmen.  All aboard the Bitcoin train!



Choo-choo, mother fucker!

Knock knock

Who's there?





A mother-fucking TRAIN

Good points all

I always thought super would be taken by GOVT eventually
3702  Alternate cryptocurrencies / Altcoin Discussion / Re: Bytecoin [BTE] (Genesis block launch April,1 2013) on: April 05, 2013, 08:51:18 AM
I dont care Maria's attitude much, thus I will not buy....

I have better Ideas
3703  Alternate cryptocurrencies / Altcoin Discussion / Re: [C3] Poll: CPU [and/or] GPU [and/or] ASIC friendly - your thoughts? on: April 05, 2013, 08:39:47 AM
This is a poll for Community Cryptocurrency Foundation's new coin.

Regarding the mining aspect, do you want a coin that is CPU & GPU & ASIC friendly (same hashing algorithm as Bitcoin, ?), CPU & GPU friendly (scrypt, ?), or just CPU friendly (GPU hostile algorithm, tweaked parameters, or as dreamwatcher suggested, increased network hashrate would result in increased parameters, ?).

I'm aware that ASICs can be made by scrypt, thanks, but it is much harder and existing ASICs will not be able to mine there.

i think CPU only is best as this is most common and will be the most distributed

I wounder if you could make a coin that can be an app/miner and wallet etc on iphones and androids....that would be massive


also 2 billion x mobile phones is a potentially high hash rate

maybe MoC (MoBileCOIN)
3704  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitparking PPCoin Pool [closed] on: April 05, 2013, 08:36:31 AM
but the Bitparking PPCoin Exchange

is staying open??? right
3705  Alternate cryptocurrencies / Altcoin Discussion / Re: Terracoins trading @ 1985BTC (up 3,000,000%) on Vircurex - WTF?!? on: April 05, 2013, 08:33:03 AM
Must be a glitch.  Also, it looks suspiciously like a date...

its a glitch I have been watching it alll DAY i have spoken tho VRC owners about better graphs they really need to do this I mean they raised 2000 BTC and hold shares worth another 6000 BTC or so, plus huge trading they can do it!

they also own and have great graphs there

https://cryptostocks.com/

the graphs are their big problem

3706  Alternate cryptocurrencies / Altcoin Discussion / Re: [TRC] [DISCLOSURE] Terracoin Difficulty Collapse Exploit on: April 05, 2013, 06:14:15 AM
SK you are the Best

I purchased PPC and TRC both are great!!!!




Following is a summary of the Terracoin vulnerability I communicated to Gavin and Terracoin developer. It is now fixed in the latest Terracoin release.

Summary: Possible manipulation of difficulty by a miner collusion, or a direct 51% attack, to collapse the difficulty and block generation interval to almost 0.

Impact Level: Critical.

Description: because terracoin employed a very short adjustment interval of 30 blocks, while the target spacing is 2-minute, below is what I come up with as an experimental attack scenario (not tested yet but just for illustration purposes for now). The way the attack works is that a miner collusion attempts to artificially inflates the time span of each retarget section. When the collusion gains momentum theoretically for terracoin I think the difficulty will collapse and block spacing drops close to 0. This is because terracoin 1) didn't fix the time travel vulnerability 2) used a too short retarget interval.


diff --git a/src/main.cpp b/src/main.cpp
index 87b8abf..f28ea0b 100644
--- a/src/main.cpp
+++ b/src/main.cpp
@@ -1238,6 +1238,15 @@ void CBlock::UpdateTime(const CBlockIndex* pindexPrev)
 {
     nTime = max(pindexPrev->GetMedianTimePast()+1, GetAdjustedTime());

+    // If the time-travel vulnerability is present  (nActualTimeSpan is
+    // computed between the first and last block of the retarget section)
+    // the following patch can gradually attract miners to join a 'collusion':
+    // inflate nActualTimeSpan on both ends of the retarget section
+    if ((pindexPrev->nHeight+1) % nInterval == 0)
+        nTime = max(GetBlockTime(), GetAdjustedTime()) + 105 * 60;
+    else if ((pindexPrev->nHeight+1) % nInterval == 1)
+        nTime = pindexPrev->GetMedianTimePast()+1;
+
     // Updating time can change work required on testnet:
     if (fTestNet)
         nBits = GetNextWorkRequired(pindexPrev, this);


Acknowledgement: this class of attack was first disclosed by ArtForz in 2011 I think. It's well known among bitcoin developers and old-time altcoin developers.
3707  Alternate cryptocurrencies / Altcoin Discussion / 1 BTC for 10K BTE PM ME !!retracted offer Maria is a Dick!! read MARIA 2.0 on: April 05, 2013, 06:09:46 AM
1 BTC for 10K BTE PM ME

BUYING BTE
3708  Bitcoin / Bitcoin Discussion / Re: Best Cold Storage Methods For LTC and BTC on: April 05, 2013, 06:04:36 AM
Reading a ton of different ways for cold storage.

What is the most secure/easiest way to cold store BTC and also LTC.

Do you really need to keep the wallet.dat file or just the Private and Public keys?

Thanks

why dont' people pdf print and use trucrypt and leave copies everywhere?
3709  Bitcoin / Bitcoin Discussion / Re: The Australian Cyprus Begins, Opposition LEADER Calls it "shades of Cyprus" on: April 05, 2013, 06:02:15 AM
Tony Abbott lies through his teeth constantly and evades tough questions. Do not want him leading the country.

so naive, politicians do this as a job, and you are surprised???
3710  Bitcoin / Bitcoin Discussion / Re: The Australian Cyprus Begins, Opposition LEADER Calls it "shades of Cyprus" on: April 05, 2013, 06:01:05 AM
Not even close to Cyprus and Tony Abbott is a dick.

Useless thread


but dicks with your money
3711  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying $10 USD in PPcoins on: April 05, 2013, 04:58:59 AM
https://bitcointalk.org/index.php?topic=167129.msg1740728#msg1740728
My topic from the newbie forum that didn't get anywhere.
Well anyway I'm looking to buy 10 USD of PPcoins to get started with this whole cryptocurrency thing. Any method that allows me to pay for it with my debit card such as paypal is agreeable(college student don't have the time during the day to go out to a bank). So anyone willing to trade with me?

I am aware that my preferred payment method may lead you to believe that I could be a scammer.

that not going to get you may PPCOINS

It might be a lot in the future.

Actually you could be right PPCOIN is the only real contender to go inverse ration to, eg 10x BTC,  though maybe TRC as well because there are so few of them relatively, only 2 million right now I think, and its faster
3712  Alternate cryptocurrencies / Altcoin Discussion / [WHY][IS][SQUARE BRACKET THING POPULAR][ALL][OF][A SUDDEN] on: April 05, 2013, 04:54:30 AM
[WHY][IS][SQUARE BRACKET THING POPULAR]
do we need [] coin? then I can be to the power ^2 other coins and look 8 times more legit imagine

[[$]] coin
3713  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying $10 USD in PPcoins on: April 05, 2013, 04:48:09 AM
https://bitcointalk.org/index.php?topic=167129.msg1740728#msg1740728
My topic from the newbie forum that didn't get anywhere.
Well anyway I'm looking to buy 10 USD of PPcoins to get started with this whole cryptocurrency thing. Any method that allows me to pay for it with my debit card such as paypal is agreeable(college student don't have the time during the day to go out to a bank). So anyone willing to trade with me?

I am aware that my preferred payment method may lead you to believe that I could be a scammer.

that not going to get you may PPCOINS
3714  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Oanda on: April 05, 2013, 04:18:43 AM

Also:
Quote
For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account.


If, as you quote Oanda, this remains true...

And if, as Mageant posits:

Quote
Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method.

...they add it as a deposit method:

Then they become essentially an exchange for bears only.

BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC.

Makes no sense.  If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out.  Am I missing something?



Can't you buy BTC as well then on Oanda when this goes live

If it goes live, yes - but if you originally deposit in USD, then that's how you have to withdraw:  in USD.  Not a lot of bulls will want that - I certainly wouldn't - and the time and transaction fees spent putting your fiat somewhere else so you could buy BTC with them would seriously hurt the bottom line.  So it would look like:

USD in > buy BTC > cash out in USD when exchange rate goes up > send USD somewhere else to buy BTC > withdraw BTC

No thanks.

but cant they send BTC >>> and exchange out through GOX

BTC is not covered by such regulations

and you would not be withdrawing USD either so its ok
3715  Bitcoin / Bitcoin Discussion / Re: Fiat > Bitcoin? on: April 05, 2013, 04:16:22 AM
I quite like the idea of Bitcoin, but let me play Devil's Advocate.

It seems that Bitcoin's only value is its ability to be converted into fiat. That guy never would have sold his Porsche for 300 BC if he couldn't cash out via Mtgox.

If the above is true, doesn't that make BC a commodity? A commodity that has no intrinsic value?

How can things on the supermarket shelf be priced in BC, when the 'price' of BC changes so much from day to day?

How could it possibly transition into a currency that doesn't need to be backed by anything?

Is the best we can hope for is that BC remains a temporary place to store fiat and pay for things anonymously?

nah that guy who wants to sell his house for BTC puts paid to that idea
3716  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you seen PPC, makeing 5 coins a day stops inflation !!!! this really works on: April 05, 2013, 04:15:19 AM
I don't see anything on proof of stake.com.

Same.  It's just a blank page.

Was this your intention, OP?  Tongue

no it displays a whole lot of PPC data very interting to money / PPC supply massively drop off

but your right it seems down right now???
3717  Alternate cryptocurrencies / Altcoin Discussion / Re: [C3] Coin Brainstorming / Ideas / Proposals thread on: April 05, 2013, 04:09:46 AM
Easy access to the new coin for all computers, something like equal share, the right to coins for person/pc, more people owning coins, more trades, more pressure for the market to adopt it.
After the experience with the bitcoin, equal share means a true mania to get rich for the little guy and a true mania from Pakistan to Chile, from Indonesia to Spain is necessary for the new coin to rise to the top.

Coins for the masses.

Keep in mind, Wordpress wasn't the first CMS but it's the most popular today.

Just some ideas, maybe I'm wrong.

An article on Bloomberg about the weakness of the bitcoin in comparision with state money

Quote
It's a remarkable success, but it won't be the future of money.  Even putting aside security problems -- not surprisingly, a digital currency is a favorite target of hackers -- there’s the potential that Bitcoin will turn from a way of doing anonymous, simple digital transactions and into a speculative-asset investment item, especially if it continues to soar in price. That might promote hoarding of Bitcoins by early adopters and choke off the marketplace. Although transactions haven’t fallen off a cliff yet, a currency whose value is distinctly bubble-tastic is not something that even digital libertarians will readily spend.

Here’s where a state could easily step in by just … printing more money, so that economic activity is not choked off by scarcity or hoarding.

http://www.bloomberg.com/news/2013-04-04/sorry-libertarians-history-shows-bitcoin-isn-t-the-future.html

I have thought about this but the problem is when you just get "it" given to you, in equal shares....the uptake may not work

the only reason to stimulate uptake is to see a massive appreciation, that get peoples attention, makes them think how to provide services, it get attention then settles into its constant state determined by market penetration....then it becomes a tradable currency

you may need this early adopter effect to bootstrap the CC as a serious Currency contender
3718  Bitcoin / Bitcoin Discussion / Re: The Australian Cyprus Begins, just in a more orderly fashion on: April 05, 2013, 04:04:18 AM
Superannuation is a big scam in Australia anyway.   

So some people who thought they were going to pay less tax aren't.   I'm not sympathetic.  If you play in that system, and the government changes the rules on you, don't be surprised.  It is not the same as taking someone's savings out of the bank.


No its the precedent it sets, this is just the thin end of the wedge
3719  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Oanda on: April 05, 2013, 12:41:27 AM

Also:
Quote
For your security, you can only withdraw funds by the same method you used to deposit them into your OANDA account.


If, as you quote Oanda, this remains true...

And if, as Mageant posits:

Quote
Maybe. There are tons of currencies on the converter that they don't offer on their platform though. I could maybe see them adding it as a deposit method.

...they add it as a deposit method:

Then they become essentially an exchange for bears only.

BTC in > convert to dollars > wait for price to go down > convert back and withdraw BTC.

Makes no sense.  If they accept BTC in any way, they are almost forced to provide a full exchange - or lose money on fees buying the BTC to pay out.  Am I missing something?



Can't you buy BTC as well then on Oanda when this goes live
3720  Alternate cryptocurrencies / Altcoin Discussion / Have you seen PPC, makeing 5 coins a day stops inflation !!!! this really works on: April 05, 2013, 12:07:45 AM
The PPC anti inflation mechanism really works look at the coins produced...it seems to be dynamic


I think LTC is a serious contender to BTC

but PPC is a serious contender for LTC

http://www.proofofstake.com/

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