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381  Bitcoin / Bitcoin Discussion / Re: Illegal content in the blockchain on: August 08, 2011, 04:57:40 AM
The problem isn't that some wrong text will show up in the chain, but the fact we will not be able to remove it.

Its like your house got sprayed with a very wrong graffiti and you (as it may look for others) REFUSE to repaint it.
382  Bitcoin / Bitcoin Discussion / Re: MtGox and Tradehill videos on: August 07, 2011, 07:49:59 PM
Would be nice to have rolling (twisted on edge) Bitcoin COIN animated.
383  Bitcoin / Bitcoin Discussion / Re: Illegal content in the blockchain on: August 07, 2011, 03:11:43 PM
This has been discussed quite a few times before, which may be why not many developers have commented.

Theymos' entry is incomplete, so I extended it. There's another situation in which it's safe to delete transaction data: if you can prove it'll never be used. The transactions that embedded flags, ASCII Bernanke etc could be deleted without risk because the chances of finding a private key that hashes to a line of English text is extremely remote. What's more, transactions with non-random looking hashes or pubkeys can be automatically identified.

Doesn't changing the block result in invalidating Merkle root of that block, invalidating the block and the rest of block chain?

Or you meant that the miner may choose to skip the bogus transactions prior to mining the hash for given block? How? Setting a strict rules on his bitcoind? Still, some data may escape and become permanent.
384  Bitcoin / Bitcoin Discussion / Re: Illegal content in the blockchain on: August 07, 2011, 08:43:22 AM
It happened, so it is definitely possible.

Embedding some really WRONG political, religious, porn etc. content into the blockchain forever might be real problem, IMHO.

This it the kind of "news" all journalist believe to understand and will spread it heavily. Do we need another bad impact on Bitcoin in news?

For most people, if they are told "there is child porn inside Bitcoin blockchain", they will get negative attitude against it. They will not care if the blockchain is normally not viewable nor that that "porn" is funny ASCII art made of dots and stars. Actually, in Canada, they might arrest you immediately ;-) http://www.comicbookresources.com/?page=article&id=32958.

385  Bitcoin / Bitcoin Discussion / Re: Physical Bit Dollars (BETA) on: August 07, 2011, 07:58:02 AM
Quote
What if someone tries giving me a used BitDollar?

Just ask TheBitMan on the forum and I will confirm if the code has any value.

I LOLed. A LOT.
386  Economy / Speculation / Re: Attn: Sellers on: August 06, 2011, 09:47:10 PM
BACK TO CARROTS! BACK TO CARROTS!

Damn, too late to harvest carrots. We are DOOMED.
387  Bitcoin / Bitcoin Discussion / Re: MtGox: The ultimate bitcoin mixer/laundry? on: August 05, 2011, 11:22:31 AM
You may sell Bitcoins on TradeHill, transfer USD, and buy Bitcoins on MtGox. Laundered.
388  Economy / Speculation / Re: Bitcoin will reach 5-6 dollars within 1-2 months on: August 05, 2011, 09:07:57 AM
Its only 7200 BTC per day (= 50*6*24).
389  Economy / Speculation / Re: PANIC! on: August 03, 2011, 06:24:28 PM
Lowering the TH/s will not lower the total amount of BTC being mined. Well, for next 2000 blocks, maybe. But then, it will re-adjusts again to 7200 BTC per day.
390  Bitcoin / Bitcoin Discussion / Re: Sold 0.008 btc for over 11,000 USD at mtgox [Updated] on: August 01, 2011, 10:37:07 PM
At that time, my account got about 5 million USD accounted from some small BTC sale. Later, the MtGox ticker showed price at 14.10 USD per BTC. So, theoretically, I could buy plenty of BTC ... If I wanted.

Perhaps, MtGox had same safety blockage applied. But if not, anyone could rip the BTC out of it.
391  Bitcoin / Bitcoin Discussion / Re: Sold 0.008 btc for over 11,000 USD at mtgox on: August 01, 2011, 06:45:20 PM
We won't lock the account, as nothing was lost. It is an interesting way of showing things. We did a fuck up with this update that didn't go right (we did a dozen during the past month and it's the first update causing a major problem, we have found why and modified the procedures to make sure it won't happen again).

Anyway in this case Xiong Zhuang told us exactly how to get the funds back (cancelling the LR withdraw, thru crediting $2000 to his account, solving the negative balance and setting everything right). There is nothing else for us to do here.

We are auditing any account which got a negative balance following that bug. Yes, Dwolla can be reversed, and yes, we will ask for reversal if someone shows an intent to be evil. AML limits on withdraws prevent us from losing any significant amount, anyway.

What if someone had tried that moment to convert his millions of USD into some Bitcoins and immediately withdrew them out of MtGox? Even if 100 BTC would be the limit, its still some money ...
392  Bitcoin / Bitcoin Discussion / Re: Total Global Combined Electricity Cost of Bitcoin? on: July 29, 2011, 10:56:09 AM
Just note: MW/hour is nonsense. Power is in Watts, total energy consumed in Watts*hours (or Joules).

If the network has 10 MW now, each block, on average, consumes 1.66 MWh to be mined. So, if there are, for example 100 transactions in single block, each transaction (moving 1 BTC from your wallet to another) needs about 16 kWh!

So, to transfer a single transaction, about 3 kg of quality black coal must be burned.
393  Bitcoin / Mining / Re: if deepbit.net gets anymore hashing speed it could compromise the system on: July 28, 2011, 06:34:26 PM
An analogy for those who claim to have no math problems, but still have:

Imagine shooting from a rifle to a train fast passing by. My rifle is 10x slower than yours. So, while a train passes, on average, you will get 10x more hits on it than me. However, if my rifle can shoot only once a minute and there is fast (or short) train, you can hit it .. once or twice, while I may happen than I completely miss it.

Understand now?

394  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: July 28, 2011, 12:42:41 PM
Seems plausible denial methods (hidden container) are the way to go. And upon request, one would decrypt the fake partition with a Windows full of soft porn. Something like pictures of naked customs officers.
395  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: July 28, 2011, 11:08:14 AM
What would the customs do if my notebook had drive encrypted and I refuse to decrypt it?
396  Bitcoin / Pools / Re: [2220 GH/s] Slush's Bitcoin Mining Pool (mining.bitcoin.cz) on: July 26, 2011, 08:48:29 PM
Even if the shares will be re-accounted, the last block took more than 5 hours. The problems started, according to my graphs, around 18:20 GMT. Pitty.
397  Bitcoin / Bitcoin Discussion / Re: Uploaded.to Accepts BTC As Payment (think Rapidshare, Megaupload) on: July 23, 2011, 02:18:25 PM
Well, it reminds me that at the start of this May I was trying to convince Rapidshare to be the first big one accepting Bitcoins. Would be beneficial for both Bitcoin and them. Got no reply so far ... Sad
398  Bitcoin / Bitcoin Discussion / Re: [ANN] Bitcoin propaganda extreme QR-Code on: July 23, 2011, 10:47:23 AM
Very nice QR code! However, I hated that little square, so I changed it to dots. Probably a violation of QR design, but still readable with my CodeUp mobile phone SW!



BTW, do you have the original image in vector format (or bitmap with higher DPI?)
399  Bitcoin / Mining / Re: douchebag newegg bumped the price of 5830 to $129.99 on: July 22, 2011, 06:15:05 AM
I think its because it it the LAST batch of Sapphire 5830 ... Here in Europe, they were in stock for last two months, but, after few interruptions in supply, they are now marked as "product ended". So beware.
400  Bitcoin / Mining / Re: 56k as failover for broadband connection - 8GH/s - Too slow? on: July 21, 2011, 04:46:46 PM
Currently I run 5 GPUs (~ 1700 MH/s) on single GPRS line, which is limited (because I easily overfill FUP) to 16 kBits/sec in both ways. Surprisingly, it is sufficient!
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