"full faith and credit" of the block chain.
well, yes. but the context was exchanges - not the blockchain. |
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all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected.
i'm pleased they've done so well.
Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. pretty clearly not. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. go here: http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLSthen click on the blocks, one at a time. |
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I would consider buying if it went under $10 and there was a safe way to buy them. I don't trust those exchange websites. I also want to be able to use my debit card with no crap involved.
Please do not invest in something you do not understand. He has a legitimate point. Even aside from the inherent dangers of extreme volitility, these exhanges are completely unregulated. There is absolutely nothing insuring that you're getting the real market price, that the charts or market depth are accurate, or even that your money will be there the next time you log in. If Bitcoins were traded on a legit FX exchange through legit brokers/market makers, I'd probably be a millionaire by now, but I wouldn't touch these completely opaque bucket shops with a 100ft. pole. "full faith and credit" of the US government? "full faith and credit" of Bruce Wagner? pick one. |
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all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected.
i'm pleased they've done so well.
Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. pretty clearly not. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. |
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from the posting site's (Tribble Agency) FAQ: ( http://www.tribbleagency.com/?page_id=5 ) Tribble AgencyPottsville, PA (PRWEB) June 21, 2006 – Tribble Ad Agency ( http://www.tribbleagency.com ) has opened it’s doors and launched our blog to consume companies ad budgets and deliver next to nothing by way of online ROI. We promise to build your website all in flash so it never ranks in the search engines. We also like to use image navigation with complex DHTML menus that are unspiderable and employ random “keywords”. pffft. |
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all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected.
i'm pleased they've done so well.
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An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.
May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true. However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time. large transfer here http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLSlot of the inputs look like block rewards, some from early blocks That's a nice chunk of fiat. no kidding. check out the original blocks. looks like they're all mined blocks - many going back to 2009. < waves from sideline... > best of luck, mystery miner! |
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Well... Hello all. I found out about bitcoins a day ago, and boy, am I kicking myself for not knowing about this a few months ago! This 8bit thing, you all know where pirates "pieces of eight" came from? http://en.wikipedia.org/wiki/Bit_%28money%29In the U.S., the "bit" as a designation for money dates from the colonial period, when a common unit of currency was the Spanish milled dollar. As a way of making change, these dollars were cut into eight pie-slice shaped pieces which were called "bits". (For this reason, the whole coin was known as a "piece of eight.") Each eighth-dollar bit was then worth 12.5 cents, "two bits" was a quarter of a dollar (25 cents), "four bits" was a half-dollar (50 cents) and "six bits" was 75 cents. Because there was no one-bit coin, a dime (10 ˘) was sometimes called a short bit and 15˘ a long bit. Bitcoin has a great and long future ahead of it. yes - i know about that. and i really like the thought that went into your user name. howdy, and welcome. |
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That's not the point. It's not security to just say "nobody attacks me".
actually, in any rigorous security evaluation, that comes first. it's put this way: "who wants to steal or destroy what i want to protect? and how good are they?" how much money should one spend to defend the average, small website that sells $10 widgets and takes PayPal? is the uberhacker of the russian steppes going to give you even a look? no. you don't have anything worth his time - so you really don't need to defend against him. for that website, you need to defend against the average 22 year old hacker living in his parents' basement. ...a not terribly expensive proposition. |
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Use a separate user account for your bitcoin/wallet. Then (assuming your main user account doesn't have administrator privileges), any wallet stealing processes you may encounter won't be able to access the wallet.
that would be the first line of defense - that (especially pre-7) windows users have surrendered by default: not running as admin. Yes, but a VM is only a bad solution, a BSD system with a Windows guest wouldn't work for most users. The only solution is a small isolated computer. Actually that computer could write transactions offline to a file, and the online-computer uses the transaction file only. Then no counterfeiting is possible. yes. isolation. there are more ways to achieve that than taking yourself off the network, though. i've given some recent thought to how malware is propagated. it's targeted to OSs and browsers. i wonder how much effort has been spent on writing the stuff for operating systems like... oh... Plan9? so not much via email or downloads? not really. i've opened (as an experiment) emails and downloads targeted to windows machines on linux machines. no effect (although - for example - gmail targeted malware won't care about you OS). the stuff using java and even python doesn't do much if you don't have those installed. standard browser lockdown procedures are pretty effective, even on windows machines, given a little forethought. a while ago, just for giggles, i installed 6 windows VMs, opened them all and networked them together. i went and found some malware, let it infect them all, and watched it bounce around... |
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Use a separate user account for your bitcoin/wallet. Then (assuming your main user account doesn't have administrator privileges), any wallet stealing processes you may encounter won't be able to access the wallet.
that would be the first line of defense - that (especially pre-7) windows users have surrendered by default: not running as admin. Yes, but a VM is only a bad solution, a BSD system with a Windows guest wouldn't work for most users. The only solution is a small isolated computer. Actually that computer could write transactions offline to a file, and the online-computer uses the transaction file only. Then no counterfeiting is possible. yes. isolation. there are more ways to achieve that than taking yourself off the network, though. i've given some recent thought to how malware is propagated. it's targeted to OSs and browsers. i wonder how much effort has been spent on writing the stuff for operating systems like... oh... Plan9? |
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An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.
more power to him/her. 1. get BTC at 0.03 USD 2. wait for inevitable price gains. 3. profit! eh - so instead of $30, he/she got $20 - do you think that with a buy-in price of a typical (very) early adopter, it would matter? wouldn't to me. it'll be old history in 24 hours... |
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Use a separate user account for your bitcoin/wallet. Then (assuming your main user account doesn't have administrator privileges), any wallet stealing processes you may encounter won't be able to access the wallet.
that would be the first line of defense - that (especially pre-7) windows users have surrendered by default: not running as admin. |
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one thing i haven't tried is installing a VM into a TrueCrypt partition - no way an infected/compromised host is going to get at that! has anybody tried that?
No, that's total rubbish. You don't understand anything, do you? possibly more than you think. dual boot two OSs on the same hard drive - one on the network, the other off. put a VM on the OS that is off the network. explain how infecting the on-network machine could get to the off-network VM, installed on an encrypted partition? |
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i think the thing to keep in mind with VMs is that there really isn't any cross-platform malware. the browser-based stuff will infect any platform, but adapts to the platform it infects: the sophistication to reside (for example) on a windows machine, and look for a mac file system, isn't there.
i would suggest installing a VM of a different operating system, which also uses a different browser. for example:
on a windows host machine using internet explorer, install a VM of linux/firefox. on a mac/safari host, install windows/firefox. etc.
one thing i haven't tried is installing a VM into a TrueCrypt partition - no way an infected/compromised host is going to get at that! has anybody tried that?
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I'm supposed to be programming, but I couldn't resist buying at 14. .. We'll see what sunday holds!
nice buy! i think you timed it close to perfect. i was asleep.  |
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I'm starting to wonder if governments, banks, or someone else is trying to flood the forum with FUD.
There are so many posts that at first glance make you worry.
I'll be interested to see how this one turns out too.
I have had no problems at all with any of my trades at MTGOX.
I'll give tradehill a try in the future as well.
http://forum.bitcoin.org/index.php?topic=13344.0 |
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perhaps she is curious yellow?
...and doesn't know?
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If an organism fails to sustain either through will or misfortune, should others be enslaved to sustain it?
it depends. how valuable is that organism... to you? is the organism your mother? would you beat a man into submission to bring her water if she were thirsty? is the organism your brother? a cousin that you don't particularly care for? a soldier of your country during war-time? a fellow citizen during war-time? either... during peace-time? some human from anywhere who has sustained or defended you? do you posit a relationship between debt and altruism? is there one? are we moochers in need, but bankrupt in debt? i dunno. do you? |
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