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381  Economy / Speculation / one more poll on: January 20, 2012, 10:12:23 AM
If you do, why do you even express your opinions and reveal trading sentiment ?
You only make it easier for "the manipulator" to manipulate,

also, polls with price (trends) guessing, those are gold mines

why not try to say nothing for a full week,
just for fun, to see what happens.
Smiley

382  Bitcoin / Development & Technical Discussion / Re: wallet destruction on: January 12, 2012, 09:35:42 PM

You should sit down and do the math — the value to you in destroy other people's bitcoin is very small unless you happen to own most of the bitcoin, far less value than stealing it.  In fact the attacker is best off living that potential victim alone, because his bitcoins will be worth more if people are not afraid to use bitcoin due to the attacks.


and if motivation is political or psychotic ?
simply to destroy or disrupt



Attempts to destroy your bitcoin can also be foiled with a simple offline backup— a $2 usb key or two is cheap insurance. You're a fool if you don't have an offline backup because dataloss happens even when there are no attackers.

'Backing up' to the blockchain is a horrific idea. It would provide no security (what is the point of 'secret' data which is known to everyone) over just using the password alone— and using a password alone is itself a terrible idea because people are bad at producing strong passwords even when they are trying, it would burden the bitcoin network and prematurely degrade our decenteralization.


I suggest writing it somewhere automatically,
block chain is a suggestion because it is always there, unlike USB stick

in near future 2 passwords will be required to send/steal coins
so if there is encrypted wallet online, it could be brute forced once,
but that would not be enough, if it requires confirmation via SMS or some other method to send coins

thief could find all wallets and look at balances, but not steal
if they require additional confirmation
383  Bitcoin / Development & Technical Discussion / Re: wallet destruction on: January 12, 2012, 09:24:06 PM

No one will lose a wallet without a backup twice.


I am just saying that someone could lose it once

that would bring bad publicity, slower adoption...
uncomfortable and risky use turns people away
384  Economy / Speculation / Re: this time next year... on: January 12, 2012, 07:44:33 PM
super long bulls are called investors and usually that mean over 10 years

so we wait another 7 years to discover the real bulls Smiley
385  Bitcoin / Development & Technical Discussion / Re: wallet destruction on: January 12, 2012, 07:42:37 PM
Copy the wallet.dat to yourself, steal coins available and then erase original wallet.dat from target machine for lulz. Or copy the wallet.dat file, wait when lamer recieves more coins in the wallet and then steal the coins. Some users will send more coins to compromised wallet even after the coins are stolen Cheesy

on install, encrypted one is created (with 2 factor authentication)
only one of those passwords will be used to recover the wallet from the blockchain
other password would enable spending

and this is protection from destruction, not from (both) passwords being sniffied
386  Bitcoin / Development & Technical Discussion / Re: wallet destruction on: January 12, 2012, 07:38:04 PM

Just use a deterministic wallet. 


tell it to my grandma Smiley


Anything stored in block chain "seed" or not would obviously need to be encrypted thus you still need a passphrase.

Not sure what storing an encrypted wallet in the blockchain would gain you over simply using a wallet where your passphrase IS your wallet.

It would allow people to act irresponsible (as usual), without being punished for it.

Most of the people is mentally stuck in 7th grade, basically kids with mustache or boobs...
they often do not have due attention
387  Bitcoin / Development & Technical Discussion / wallet destruction on: January 12, 2012, 06:56:42 PM
If i was a bad guy, and saw that it is almost impossible to steal bitcoin,
I would try to destroy other people's bitcoin

by erasing wallets or uninstalling or whatever.

There will be some people that will not make backups of their wallets.

question is :
are those encrypted wallets too big to be written into a block chain ?
Someone attacked would know approximately when he created his wallet
or would have some other reference
to restore that wallet.

Customized tool would scoop wallets in chosen period of time,
and try user provided password on those wallets...
since sending will require 2 passwords soon, coins would not be stolen,
but wallets could be restored

and maybe wallets could be written into namecoins block chain,
since there is merged mining, to let namecoin return the favor...

Or is it possible to store in block chain only some kind of "seed" of a wallet
to reduce storage size ?
388  Bitcoin / Bitcoin Discussion / how about this ? on: January 12, 2012, 05:28:05 PM
http://www.offshore-professional.com/en/bank-license/bank-license.html

offshore bank ,
licence price is within mtgox's reach

they incorporate a bank, and do business with other banks,
like when teenager starts smoking cigarettes, to look like older guys,
then some of them will talk to him...

looks like it would solve some account freezings and wire transfers could go smoother,
sepa would not cause problems...

I do not know, just asking what are your thoughts on this...

389  Economy / Speculation / Re: this time next year... on: January 12, 2012, 05:00:41 PM
I was interested in distribution between 2 higher options.

has anybody actually looked  if those polls are self fulfilling ?

In the long run, bulls have been right,
timing can be off, but price direction looks to be up for 3 years...

390  Economy / Speculation / this time next year... on: January 12, 2012, 04:31:35 PM
less than 5 includes 0 USD in case of some bitcoin doomsday event
and more than 20 includes hyperinflation od USD

I think somewhere before block reward halving
we will have some kind of adjustment, probably to the upper side Smiley

Since I am bullish, I prefer to read what bears have to say to get balance...

I voted 5-20
391  Alternate cryptocurrencies / Altcoin Discussion / Re: namecoin info on: January 11, 2012, 04:04:08 PM

lrn2 search. i think there's one coded in java

"lrn2 search" ?
Smiley



you dont need to be a techie to copy a few files


http://dot-bit.org/InstallAndConfigureNamecoin

this is not working at the moment
392  Alternate cryptocurrencies / Altcoin Discussion / Re: namecoin info on: January 11, 2012, 03:55:30 PM
If you have namecoind running, you can type "namecoind getinfo"

Is it for windows ?

type where ?
in command prompt (after installation),
or in that namecoind if it has its own "window" ?

I am in bitcoin for a few months, but still can't even start with namecoin,
it is clearly not for a wide adoption ...
there should be some kind of website with simple download link

can you just tell me how many are mined yet,
2 milloion
8 million
or something like 300 k ?

are they being destroyed when domain is registered ?
393  Alternate cryptocurrencies / Altcoin Discussion / namecoin info on: January 11, 2012, 02:05:56 PM
please say where can I find namecoin statistics

like how many are mined till now and that sort of info,

also,
is there a GUI wallet for PC (windows or ubuntu) ?
and where to download it, simple .exe installation file,
I am no techie Smiley

will it interfere with bitcoin wallet installation ?

394  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vending Machine video - awesome!!! on: January 07, 2012, 06:47:19 PM
a friend that lives on another continent could actually keep me alive with this

is it enough to use only first 6 or so characters of an address to describe it uniquely and complete the transaction ?
to read a few first letters into friends phone and he than does the rest.
395  Economy / Marketplace / Re: gone or just taking hollydays ? on: January 07, 2012, 06:17:52 PM
they are back Smiley
396  Economy / Marketplace / Re: gone or just taking hollydays ? on: January 04, 2012, 08:24:09 PM
I sent the mail to support same day I posted here,
 
no reply, and no coins back...
397  Economy / Speculation / Re: How big a share of bitcoins should a person keep for hedging purposes? on: January 03, 2012, 09:42:43 PM

Congrats on dumping at the top, but I do think Gold and Silver will be making a comeback here as people realize Ron Paul won't be winning the presidency, and thus the US gov't is free to print the USD like mad again and start QE3 and QE4.


jim rogers recently said that QE3 has already begun ,
he referenced to the increase in slope of M2 graph in the last months
398  Bitcoin / Bitcoin Discussion / Re: I took a taxi today piad with VISA! on: January 03, 2012, 05:47:43 PM
taxi could have its website,
customer sends bitcoin as assurance that he is not prank calling
leaves a message with  his address for pickup,
the rest of the fare price can be settled in cash or in bitcoin

taxis can have some prim-dijkstra alg to find the shortest routes
to pickup customers around the city...

also, taxi could send out sms with estimated time of pickup...


399  Economy / Economics / Re: Bitcoin would be perfect for inter-planetary trade on: January 02, 2012, 09:16:33 PM
what would you buy ?

you should want to buy something that you cant even have invented
here for at least 200 years
(100 years to send money, and another 100 to receive "the goods")

you have no idea what to ask for,
except immortality blueprints or something of similar order of importance,
but I doubt we would have the money to pay for such a "thing"
400  Bitcoin / Bitcoin Discussion / Re: Warning! Please don't create another bubble! on: January 02, 2012, 08:48:51 PM
caveat emptor

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