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381  Economy / Economics / Re: Ron Paul and Bitcoin on: September 07, 2011, 12:17:15 AM
@Sjalq

I read some news article where a bunch of prude women in Iceland banned all porn.  I don't think that was quite it but my memory was fuzzy and it was something like this.
382  Economy / Speculation / Re: Bitcoin will never reach $20 again on: September 07, 2011, 12:13:51 AM
Bitcoin will never reach $8 again until next year!

You are probably gonna be proven wrong within the next 2 weeks.

No, I'd say it'll stablize at $2.  Edward50 also says that's when he is buying and he has only made accurate predictions to date.
383  Economy / Speculation / Re: Bitcoin will never reach $20 again on: September 07, 2011, 12:07:52 AM
Bitcoin will never reach $8 again until next year!
384  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 07, 2011, 12:06:27 AM
Right now I am watching it crash from 6.80 back down to 6.30 http://mtgoxlive.com/orders
I wish I could place a bet on how fast it will fall.
385  Other / Politics & Society / Bitcoin virtual money malware spreading via Twitter on: September 06, 2011, 11:49:37 PM
http://www.gmanews.tv/story/231570/technology/bitcoin-virtual-money-malware-spreading-via-twitter

Now, even virtual currency is no longer safe from malware.

A computer security firm warned malicious links are now spreading over micro-blogging site Twitter, leading to malware that can mine for Bitcoins, a virtual currency used in peer-to-peer sharing.

In a blog post, Trend Micro said the spammed malicious shortened URLs on Twitter appear to contain a JPG image file from a Facebook domain.

“Clicking the links redirect to a shortened Twitter URL (http://t.co). Most of these Twitter users are from Indonesia. To lure users to click on the URL, cybercriminals incorporated Facebook.com into the link where the malicious file is hosted. Upon clicking the said link, the unwitting user is led to (a link on facebook.com) ... Since September 2 2011, approximately 600 tweets of the same link have been posted," Trend Micro fraud analyst Paul Pajares said.

Pajares pointed out the JPG image file is not a picture file but an executable file that Trend Micro detects as WORM_KOLAB.SMQX.

He noted searching for the picture file using Twitter’s search function reveals an updated list of users who tweeted the same malicious link.

Trend Micro said that when users post a tweet, it is followed by a malicious link with the text “hahaha!!!" It is also used in the retweet and reply feature of Twitter.

Investigation showed the malicious file creates a directory “aaa" with the following files:


    * 3kal.cmd: a batch file that contains the command for executing mamatije2.exe
    * hsbca.exe: a normal file (Hidden Start v3.2)
    * mamatije2.exe: detected as HKTL_BITCOINMINE that connects to a malicious link with the username mrdd_ludacha and password mama1.


Pajares noted the login credentials do not work, and display a bad request (HTTP 400).

He said the malware will also connect to other malicious sites, which contains the following malicious files that use the names of famous personalities:


    * http://robertpattinson.{BLOCKED}ion.org/pictures/Calc-3-9-2011.jpeg (HKTL_BITCOINMINE)
    * http://{BLOCKED}alokab.go.id/images/news/JohnLennon-Imagine.exe (WORM_KOLAB.SMQX)


Bitcoin miner botnet with ddos capabilities found

Meanwhile, Trend Micro also noted a new Bitcoin miner botnet that can turn infected computers into a giant network that can launch distributed denial-of-service (DDoS) attacks against at least 2,000 targets.

It said the malware, identified as BKDR_BTMINE.DDOS, is a component of BKDR_BTMINE.MNR and can update its list of targets remotely.

“The DDoS component may be used to attack competing Bitcoin miners and limit their processing power. The malware also tries to communicate with a long list of IP addresses. A list of more than 2,000 IP addresses is hardcoded in the malware and is constantly updated upon execution," threat response engineer Karl Dominguez said in a blog post.

Dominguez said Bitcoins are worth more than $8 each, but their values are constantly rising.

He said that since Bitcoins use P2P sharing, the charges incurred are much lower compared to transferring money through banks or clearing houses.

Bitcoin transactions are anonymous and they can be used anywhere, without limits, he added.

“Bitcoin usage is gaining popularity in web transactions because of these advantages it also raises some security issues. To stay safe, encrypt all wallets as soon as they leave your system. Use a strong, unique password for wallet encryption," Dominguez said. — TJD, GMA News
386  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:44:21 PM
387  Economy / Speculation / Re: The Log Chart Myth on: September 06, 2011, 11:38:42 PM
388  Economy / Speculation / Re: Let's recap on what we've seen in the past few months on: September 06, 2011, 11:36:44 PM
If you could read, I wrote sASIC, aka structured asic, pretty much the same thing as xilinx easypath but without the niceness of 1:1 FPGA-to-ASIC on a HDL level.

I don't know what that is, but can it let me mine lots of coins without buying a bunch of expensive hardware?  Anything over $50 is too much.
389  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:34:18 PM
Bitcoins are awesome, they just got inflated.  $1/coin is a stable price.

I think $0.005/coin is a nice and sturdy price.

No, keep it around 1 euro so it's easy for people to think on.
390  Economy / Speculation / Re: Bitcoin at USD $6.50... is something burning? on: September 06, 2011, 11:31:17 PM
Oh here's my old post.  I could not find it in search so I had to make a new thread.  6.66 buywall is gone and the price looks like it will fall.
391  Economy / Speculation / Re: BTC Value is Irrelevant on: September 06, 2011, 11:28:16 PM
i'm currently holding.  i'm taking a huge loss if BTC dont go back up to at least 10$/btc

I held for $14 all August.  It did not go back up.
392  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:25:38 PM
This thread went from a "Don't panic" to a "Defend why Bitcoin works" I'm not into defending it, so as OP I will gracefully step down. Discuss as you will. I will hold my position.

Bitcoins are awesome, they just got inflated.  $1/coin is a stable price.
393  Economy / Economics / Re: Why a drop to about $2/coin will be good for bitcoins on: September 06, 2011, 11:21:30 PM
Well problem is someone has to code the whole thing and a true good replacement will be recoded from scratch.
394  Economy / Speculation / Re: Actually btc is going down because... on: September 06, 2011, 11:19:52 PM
Well, so you are saying that the market, while having a strong community can just vanish out of thin air for no reason? We are all still sitting here, and so are the big guys with large fortunes of BTC. How can all of that money just disappear?
An item is only valuable for trading purposes if someone else is willing to accept it in exchange for something else.  You could have a million bitcoins, and if no one wants them, they are worthless, period.

I want to be able to buy 1000 bitcoins with a few dollars.  Then I'd buy a million and all those people who scoffed at bitcoins I'd offer to send the coins to them.  Problem is at 6.75, it is so overpriced so it's not worth buying.
395  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoins are not ecommerce friendly. So far no alternatives are either. on: September 06, 2011, 11:18:10 PM
d) The shop could give the OK on 0 confirmation, and deliver on 6 confirmation.

I like it.  It's like credit card authorization holds and batching.  Businesses place a hold on a credit card and batch out at the end of the day.  This would be good for online ordering.

But you know what, it would be a good idea too if we can get smart cards that can hold bitcoin values so you swipe it over a vending machine, your smart card shows a value, then you enter a pin on the card and poof it sends money.
396  Alternate cryptocurrencies / Altcoin Discussion / Re: Fastcoin on: September 06, 2011, 11:15:26 PM
@OP/steelhouse

So will old gathered coins just dissapear?  That is no good for a currency.  People need to be able to take all their fortunes and dump them into coins to hide them and keep them safe from their ex-wives, tax collectors, cops, etc.  My idea is basically to trim these transactions.

https://bitcointalk.org/index.php?topic=41905.0
https://bitcointalk.org/index.php?topic=40029.0

Also the 6 hour delay is bad.  They need to take no more than 30 seconds.  And 6 hours of transactions will still use lots of data.
397  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:08:13 PM
Well the people who think it's funny, are buying a lot of at 6.66, but I think that will fall.  Bitcoin will be good when it finally drops down to before the big media buzz.  It's just over-inflated now, but I believe when the bubble bursts, it will be good!
398  Economy / Speculation / Re: EVERYONE CALM DOWN on: September 06, 2011, 11:05:58 PM
Someone could've coded GPU mining in any language.

Really Satoshi should have made encryption harder so it's not 256 bit, but 65535 bits.
399  Economy / Speculation / Re: Just finally fall to $2 so I can get in and you can jump back to $5 on: September 06, 2011, 11:04:26 PM
Edward50, since your predictions have always been accurate, how long will the buy wall at 6.66 last?  Will it continue because people like the gimmick of 666?
400  Economy / Speculation / Re: Bitcoin at USD $6.50... is something burning? on: September 06, 2011, 11:03:27 PM
Someone put a huge buy wall of about 4000 coins in at 6.66.  HAIL SATAN!

It's down to 3120 coins now, but HAIL SATAN!
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