linking an account to an apple id would scale*
*i have no idea whether gavin et al, almost certainly including the CIA, have done a deal with apple to include a bitcoin friendly keypair in every embedded secure element in the iphone 5 out next week, using the well established apple id as a credential to access the keypair to transfer funds or make purchases on the app store.**
** no really i haven't, but wouldn't it be a good idea if they had. would save apple a buck or two in fees too. can't say it would add stability to the bitcoin price in the short term tho.
There is absolutely nothing that could possibly add stability to the bitcoin price in the short term because stability won't happen until we get well past $100/BTC. Anything less is too small a market to be stable in an era of fiat money printing. |
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I don't see how that old thread is related. |
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Short term alert to subscribers issued.
that cannot be very bullish. Sure there is. Load up mtgoxlive and wait a few minutes. You'll know.  well if i am wrong and the alert is bullish it sure would contradict what is on your website from just a few days ago... seems the aug 31st post was quite bearish and the price for todays date seems to still be below the 2 red lines. but what do i know? i sell all the time :-) His private recommendations often conflict with what he tells the sheep on his public site. Frequently after public alerts there is a big move in the other direction. |
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I know of 5000 BTC that will never ever be traced back to silk road.  because someone lost them? In that case it could be argued they are not even bitcoins any more. Or maybe because you are sitting on them? In that case: are you sure? If he mined/knows of someone who mined 5000 BTC and never spent them, then he can be sure the coins can't be traced to silk road. If someone had them, never ever couldn't be guaranteed unless they don't spend them before silk road goes away. Having coins you can't spend is kind of useless. |
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oh wait i got a question: how will affect this the future of bitcoins ? because if this dude become president he can easily outlaw bitcoin in US and ban US citizens to use bitcoins (the same way it did with poker so all go to vegas) this is dangerous stuff
bitcoin is already linked to drugs, now can be linked to blackmail rich ppl that want to be president of USA
:/
Presidents don't make laws. |
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Care to explain why the minimum price is linear according to you? I mean... why not a curve? Wouldn't a curve be more likely?
I can't. If you draw trendlines they usually fail in predictive power unless they are linear, the only explanation I have is crowd psychology. Other than that it seems completely random... Everybody uses linear lines. That's why they work and that in turn is why everybody uses them. Heh haven't noticed the pun  You know lines on a logarithmic chart and such or curves, polynomals, etc.. They don't work But the future will always be just like today, but bigger. Also the previous statement will always be true. |
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I think someone is talking BS. Most likely currently even NSA would have a challenge directly attacking Bitcoin with a 51% attack. I can't believe they have the right kind of hardware just laying around in those quantities. Remember that regular super computers are very inefficient at Bitcoin mining and even the fastest known super computer can do jack shit against the Bitcoin network. Perhaps some entity has enough conventional hardware to take a shot at it, but it won't be easy.
When ASIC's come online it is absolutely guaranteed that no one in the world can even dream of taking Bitcoin down without carefully planning it and investing a hell of a lot of money. That IS an improvement.
The NSA specializes in cryptology and they don't have the right hardware?  http://www.pbs.org/wgbh/pages/frontline/homefront/preemption/nsa.html------------ People talk about the NSA having the fastest supercomputers in the world and having the largest concentration of top mathematicians in the world. What is that about? ... You're dealing with fairly sophisticated communications, particularly government communications; a lot of that is encrypted. It's put in the form of a code. These are very sophisticated systems that are developed by computers, and the only way to break those codes or those encryption systems is to have faster and more powerful computers than the computers that put them together in the first place. So NSA has the largest collection of supercomputers in the world. It has one whole building, several floors -- it's called the Tordella Supercomputer Building -- where all they have are supercomputers, the fastest and most powerful computers in the world. Plus, they have parallel processing there, which ties large numbers of computers together and makes them seem like one very giant computer. So NSA uses all this computer power for a number of reasons. One of them is to try to break these codes. The hardest way is what's known as brute force, which is when you take all that computer power and put it on one problem and use all that force to try to break that system using every possible word/letter/phrase combination you could possibly use, that kind of thing. What they look for most often are breaks in the system, what they call busts, and that's where somebody does something wrong; somebody makes a mistake; somebody is about to type a password, and they think they're typing it into their secure system, and they accidentally type their password into an open system. That's a backdoor way to get into the system. ... ------------- so they have a building of computers working some number problems. ( trying to break encryption b4 anyone else can ) GOOD! once they break today's encryption. and create another better encryption, bitcoin / all the world encryption can switch over to this new form of encryption no they can not use their computing power to try and 51% bitcoin. their computers are needed for far more important number problems... Sure, but if they needed to they could have. That was my point. Yes they could, exactly how I described. By making an ASIC themselves. Do you have any idea how much power it would take to 51% bitcoin without custom hardware? Also, once again, since you didn't seem to catch on the first time, they specialize in breaking encryption. Hashing algorithms are a different ball game and have different computational requirements. |
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What would now happen with USD balances?
They should be returned as even if bitfloor opens it obviously will be at some point in the future. Client funds should be escrowed from company funds. Clients shouldn't be turned into unwilling "investors" simply because they had funds on the wrong site at the wrong time. I am still confident that shtylman will do the right thing. You mean like what is happening to those of us who had mostly bitcoin in their accounts? |
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Still irrelevant. Maybe try understanding the question. It still won't help though since the question isn't directed to you and you don't know the answer. A system, holding an unencrypted copy of the keys was hacked. He claims this system was not public facing, yet he also claims that the attacker connected from a specific IP. If the system was not public facing, how did the attacker connect to it?
The system was connected to from one of our other boxes which was accessed through a virtual console. The wallet box had all public ports blocked but was able to be connected to from a few of the other boxes. Thanks for confirming. This is why I prefer no incoming connections allowed on the secure box. If you must have occasional ssh, you can have it enabled on boot and then login to disable it. That way you can reboot first if you must login. |
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Yay, 1 qubit on silicon with over 80% accuracy. The future is here!  |
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No shit sherlock, but that's is irrelevant to my question. He claims "this box was not public facing", then provides an ip that the attacker connected from. So which is it? How did the attacker connect to a box that was not accessible?
there are no proof that hacker hack his site maybe some other problem he faced but hacker didnot hack his website no record of hacker or hackingStill irrelevant. Maybe try understanding the question. It still won't help though since the question isn't directed to you and you don't know the answer. A system, holding an unencrypted copy of the keys was hacked. He claims this system was not public facing, yet he also claims that the attacker connected from a specific IP. If the system was not public facing, how did the attacker connect to it? |
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I never store keys on a webserver for a project involving customer funds. If all monies belong to the site operator that's their business, but if there are customer accounts I refuse to write code for someone who isn't willing to put the keys on a separate, heavily locked down server (preferably with no public ip).
I don't wish to go into too many details on this thread about it, but this box was not public facing. So someone with physical access got in. If that's the case you should absolutely file a police report. $250,000 is way past misdemeanor level and there are a limited number of people with physical access. But wait, you listed the IP address the attacker connected from in the other thread so maybe it wasn't physical access. So which was it? Was it accessible from the internet, or was it not? hackers were using vpn not real those are proxy not the ip we can track the ip address which he listed here then we can see is this vpn if yes what was the ISP No shit sherlock, but that's is irrelevant to my question. He claims "this box was not public facing", then provides an ip that the attacker connected from. So which is it? How did the attacker connect to a box that was not accessible? |
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@serge, ASIC (if real) will have a definite short to early mid-term effect on price, due to the massive amounts of coins produced early on before difficulty catches up. As BFL will most likely trickle these out, it could take months (possibly up to a year) for difficulty to catch up. Until that happens, there will be a higher than usual amount of downward pressure on the market.
ASICs will have huge indirect impact on Bitcoin economy from network security and stability stand point where Bitcoin will be taken more seriously by outside folk seeing it now (when asics hit market) runs on its own specialized hardware, which had to be R&D'ed first - this should provide great level of confidence in network and the project over all. It won't be looked as though any pc gamer could mine Bitcoin with their GPU - for some outside people this fact provided plenty of fuel to ridicule the project without giving much thought what is it and how it works on the inside. ACISs are GREAT step forward for Bitcoin. Why do you think you understand 'outside folks' behaviour and why do you think they would care about how bitcoin is generated? How (in what amount) will ASICs influence network security and stability and why would this be enough for a huge impact on how 'outside' people see bitcoin? Remember that ridicule itself never prevented anything substantial from becoming popular, just helped it getting burried after it peaked. It greatly influences the security by eliminating an attack vector that is 10-100X as efficient as current mining. If the NSA (who has their own foundry) wanted to attack bitcoin, they could easily produce their own asics and 51% the shit out of the current network for only a few million dollars. Once ASICs are in the wild, they once again are forced to compete on number of units and that is a much harder battle to win. Even if/when ASICs are available the NSA could crunch the 51% if they wanted. They would have no need to get investment back so can design their own stuff and duplicate them for realy realy cheap. And as if the NSA has no SHA crunching capabilities already... NSA SHA capability > bitcoin community SHA capability. And this will not change anytime soon. The point is once they are in the wild it becomes between 10 and 100 times more expensive to perform the same attack. How is that not an improvement? An improvement relative to what? NSA has incredible crunchies. BTC community generating BTC, even with ASICs, is childs play. lol, why don't you show us how its done. admit it your talking out of your ass wtf dose the NSA have to do with this anyway....do they have 2000GH/s lying around doing nothing? I didn't bring NSA up. I just pointed out that if they wanted they could create a 51% attack with their current computing capability. ASIC mining won't change that. Moreover, they have a bunch of high end crypto-freaks working for them. And they are investing in quantum computers. If they happen to find an SHA256 algorithm for quantum computers then no ASIC will save you. Quantum Computers Good luck with that (beyond toy sized models that take tremendous amounts of power) any time in the next 3 decades. Also, why the hell would the NSA currently have custom hardware to compute SHA256 hashes? Other than maybe a very tiny percentage of password storage, bitcoin is all that really uses it for secure applications. The NSA is much more interested in cracking encryption. Also, an improvement relative to the current situation where the first entity to bring ASICs online (NSA was just an example that you seem to want to focus on) could easily outhash the rest of the network at the current difficulty. |
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I never store keys on a webserver for a project involving customer funds. If all monies belong to the site operator that's their business, but if there are customer accounts I refuse to write code for someone who isn't willing to put the keys on a separate, heavily locked down server (preferably with no public ip).
I don't wish to go into too many details on this thread about it, but this box was not public facing. So someone with physical access got in. If that's the case you should absolutely file a police report. $250,000 is way past misdemeanor level and there are a limited number of people with physical access. But wait, you listed the IP address the attacker connected from in the other thread so maybe it wasn't physical access. So which was it? Was it accessible from the internet, or was it not? |
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Could you secure some investor funds to pay back losses to customers now, and payback the investor after your business picks back up?
This would be a possibility if investors interested in helping continue operations show interest. It is certainly something I am thinking about. Perhaps a GLBSE offering could help make up the difference. But first you need to develop and publish a better security model and have the community scrutinize it. |
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Why was the majority of this not in a cold wallet?
This. Based on the OP I assumed (incorrectly) that the attacker "only" got 100% of the hot wallet. Even tho only a small majority of the coins are ever in use at any time Yes. I realize this. I cannot undo it (believe me, I would if I could). Wow... just wow. I thought you were better than that. I never store keys on a webserver for a project involving customer funds. If all monies belong to the site operator that's their business, but if there are customer accounts I refuse to write code for someone who isn't willing to put the keys on a separate, heavily locked down server (preferably with no public ip). |
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Im not even sure zuxor has an account here, but he is fairly available on IRC.
ah irc. might as well be mars. here is irc: user0: ur m0m is fat! user1: i have an announcement. gpuminus is doing great and I expect us to succeed. user2: lulz user4: that is awesome news. I hope things continue to get better user0: i hope i succeed at fucking ur m0m. user69 has left the channel user2: rofl!!@#@#$ user4: what are the plans for future development? user5: ;;gibblefucksmyassbot ticker user6: i have not been paid in 3 minutes! help! user7: ... .... that is not a place to give support on something like this. do they expect users to go and find irc logs and parse them for actual info? IRC is a much better place to get support than a forum. If the channel is too busy, use a pm. If you like waiting, use the forum. |
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@serge, ASIC (if real) will have a definite short to early mid-term effect on price, due to the massive amounts of coins produced early on before difficulty catches up. As BFL will most likely trickle these out, it could take months (possibly up to a year) for difficulty to catch up. Until that happens, there will be a higher than usual amount of downward pressure on the market.
ASICs will have huge indirect impact on Bitcoin economy from network security and stability stand point where Bitcoin will be taken more seriously by outside folk seeing it now (when asics hit market) runs on its own specialized hardware, which had to be R&D'ed first - this should provide great level of confidence in network and the project over all. It won't be looked as though any pc gamer could mine Bitcoin with their GPU - for some outside people this fact provided plenty of fuel to ridicule the project without giving much thought what is it and how it works on the inside. ACISs are GREAT step forward for Bitcoin. Why do you think you understand 'outside folks' behaviour and why do you think they would care about how bitcoin is generated? How (in what amount) will ASICs influence network security and stability and why would this be enough for a huge impact on how 'outside' people see bitcoin? Remember that ridicule itself never prevented anything substantial from becoming popular, just helped it getting burried after it peaked. It greatly influences the security by eliminating an attack vector that is 10-100X as efficient as current mining. If the NSA (who has their own foundry) wanted to attack bitcoin, they could easily produce their own asics and 51% the shit out of the current network for only a few million dollars. Once ASICs are in the wild, they once again are forced to compete on number of units and that is a much harder battle to win. Even if/when ASICs are available the NSA could crunch the 51% if they wanted. They would have no need to get investment back so can design their own stuff and duplicate them for realy realy cheap. And as if the NSA has no SHA crunching capabilities already... NSA SHA capability > bitcoin community SHA capability. And this will not change anytime soon. The point is once they are in the wild it becomes between 10 and 100 times more expensive to perform the same attack. How is that not an improvement? |
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Cool story, except I knew his name, birth date, and city of residence before the his BTCST thread made it past the first page. Those who didn't know didn't bother to look.
One question. Have you been paid? No? Yeah, I thought not. That has nothing to do with the misinformation I was correcting. But since you ask, I made enough withdrawals before the closure to pay out all my pass through customers from my own pocket and still break even. So, yes, some people have been paid and I took no loss. It's still not impossible that I will receive a partial payout which will be pure profit. On top of that, I hedged with Matthew for 200 BTC, so unless he reneges on his bet I'll be up by at least 200 BTC. But nice attempt at upsetting me. |
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-the now building triangle is quiet stump eventually it will lengthen a bit...
Then it won't be a triangle anymore.... Just saying. True, but from the ashes shall arise a new triangle. A better triangle. A longer triangle. |
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