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4821  Bitcoin / Bitcoin Discussion / Re: Overstock invests $4 million in Caribbean firm working on digital currencies on: April 03, 2016, 01:34:17 PM
Although Bitcoin is open-source I am worried about patent trolls or any of the big banks trying to patent something in their version of the Blockchain. Just read this http://www.cnbc.com/2016/01/28/bank-of-america-is-going-big-on-blockchain-plans-to-file-20-patents.html

Looks like everyone now wants a piece of the Blockchain technology for their own greedy purposes. Is there a way to protect the Blockchain so as not to allow people to file for patents left right and center?

When people file to patent blockchains, other people with an interest in open source tend to submit evidence to show that it is open source. Also, the patent offices now know that it started off as open source and they can search github for evidence. It's not like it was in 2011 when nobody knew what blockchains were.
4822  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Two Bittrex accounts hacked today. on: April 03, 2016, 03:43:17 AM
Just got this reply from bittrex: 

 Ryan Hentz (Bittrex)

Apr 2, 19:51

Hi,

We have looked into multiple accounts that were hacked in the same way as yours. All of the orders placed on these hacked accounts were done so from the users own machines as we have login data that shows this. The attacker also immediately withdrew the stolen funds via the api. The attacker seems to also be using a VPN as their account has lots of different ip's for the login

Have you installed any wallet software within the past couple of days? Another one of the users said they had installed some items and even saw that the attacked cleared their log files (they were on linux), it could even be something like a browser extension. Any changes to the system....

Thank you,

Ryan

Interesting that they mention multiple accounts - that means that more than two were hacked... It looks like they must have used some sort of bot. Too many to manually bruteforce.
4823  Bitcoin / Bitcoin Discussion / Re: Is Alan Ellis Bitcoin's Satoshi Nakamoto? on: April 03, 2016, 03:07:01 AM
Why does it matter who Satoshi is? Can't people respect his decision to step away from the coin and stay anonymous?
4824  Bitcoin / Bitcoin Discussion / Re: I suppose Craig could have helped dev Bitcoin without being its mastermind . . . on: April 03, 2016, 03:01:47 AM
Has Satoshi's coins ever moved. If they haven't then this Craig chap isn't him, given that he seems pretty materialistic and would definitely have been selling them.
4825  Other / Politics & Society / Re: Greece on brink of chaos as refugees riot over forced return to Turkey on: April 02, 2016, 11:54:12 PM
This smells funny,it does little to slow down the refugee issue and will cause disruption in Turkey that they really can not afford right now.
I know they are doing this to be in the EU but it seems like the EU is gambling that Turkey some how falls apart before that happens.
Actually now that I think about that,thats most likely what they think will happen. Do not see them giving Turkey what was agreed to and I also
do not think Turkey can handle the influx. So combine that with the border wars and you know they are going to fall into a interupted state.

Fuck Turkey, they are the ones funneling most of them into Europe. You think Greece is more able to handle them? Please. Do unto others.

This. Turkey has been encouraging the refugees to leave, and has extorted $1.3 billion from Europe to take them back. They've taken the money, now they need to take the refugees.
4826  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Two Bittrex accounts hacked today. on: April 02, 2016, 11:29:41 PM
Someone might have got your email and he might be bruteforcing manually. I don't know if there is any tool which can be used to bruteforce forms with captcha.

There are email lists for bitcoiners - when Cryptsy was dying, I got a phishing email, but it was to an old email address that I'd had at Mintpal not the email address I actually used at Cryptsy. So i knew they hadn't been hacked. I'm pretty sure that people with accounts at mtgox are on a list somewhere too. If the password you are using is similar, then they probably tried a variation of that.

I forgot about craptsy, my passwords are very similar.


Remember that bitcointalk got hacked a while back too. If you are using the same email and a similar password here too, that that could be how they got in.

I know you said you have changed your passwords, but it might be worth using a different email as well. And having completely different passwords for each exchange you use.
4827  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Two Bittrex accounts hacked today. on: April 02, 2016, 10:27:11 PM
Someone might have got your email and he might be bruteforcing manually. I don't know if there is any tool which can be used to bruteforce forms with captcha.

There are email lists for bitcoiners - when Cryptsy was dying, I got a phishing email, but it was to an old email address that I'd had at Mintpal not the email address I actually used at Cryptsy. So i knew they hadn't been hacked. I'm pretty sure that people with accounts at mtgox are on a list somewhere too. If the password you are using is similar, then they probably tried a variation of that.
4828  Bitcoin / Bitcoin Discussion / Re: Overstock invests $4 million in Caribbean firm working on digital currencies on: April 02, 2016, 07:01:29 PM
I wonder if the banks in the Caribbean region will pay a license to the Bitcoin Foundation for using its Blockchain technology to run their digitized local currencies. Does anyone know if there is a patent over the Blockchain tech? 
 
By the way can we stop with this feud between Bitcoin and fiat please? There is no need for Bitcoin to replace fiat as you can see they both can coexist peacefully  Wink


It's all Open Source, so no patents, anyone can set up alts or blockchains.

I also agree that there shouldn't be any feud between bitcoin and fiat. The significance of what is happening in the Caribbean is that if fiat goes on a blockchain, it removes the need for banks, because prior to blockchains you needed banks for payment processing. It sounds to me like central banks are planning for the next financial crisis and this time will let the banks fail because they don't need them anymore.
4829  Bitcoin / Bitcoin Discussion / Overstock invests $4 million in Caribbean firm working on digital currencies on: April 02, 2016, 03:41:02 PM
http://www.reuters.com/article/us-overstock-com-investment-fintech-idUSKCN0WY5HI

Quote
U.S. online retailer Overstock.com Inc (OSTK.O) said on Friday it has invested $4 million in a financial technology company that is working to move countries in the Caribbean region to adopt digital currencies.

The investment was announced at a media conference in Barbados attended by principals from the financial firm, Barbados-based Bitt, and Overstock, according to a statement from the U.S. retailer.

"A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked," said Overstock Chief Executive Patrick Byrne.

"Yet mobile penetration in some countries exceeds 100 percent. Bitt has a vision for the Caribbean of frictionless mobile cash, beginning with central banks transparently issuing digital fiat which is then exchanged on a blockchain."

In February of 2016, Bitt launched a digitized Barbadian dollar on the bitcoin blockchain, backed by the Central Bank of Barbados.
4830  Economy / Trading Discussion / Re: altcoin trading resources on: April 02, 2016, 03:30:18 PM
If you google "altcoin trading", there are a few blogs out there that talk about altcoins. Just be very careful about the small illiquid coins - they usually have one pump, many noobs buy at the top - and then the coin never recovers it's value, so you are left with a big loss. You really want to trade coins that are on several exchanges, that way there is liquidity, and you sometimes get arbitrage opportunities.
4831  Alternate cryptocurrencies / Altcoin Discussion / Re: future of reddcoin on: April 02, 2016, 03:14:58 PM
Also, CLDMIne added already reddcoin on thier mining  list and you can start mining now. Glad to know that these two biggest company are using reddcoin,now i will start collecting this coin. Wink

Reddcoin is Proof of Stake. You can't mine it...

POS? Does this mean i could've made more reddcoin by having reddcoin?
oops. how does that work?

You have reddcoin in your wallet, you enable the wallet for staking, and then you mint coins (at about 5% per annum)
4832  Alternate cryptocurrencies / Altcoin Discussion / Re: future of reddcoin on: April 02, 2016, 03:11:20 PM
Also, CLDMIne added already reddcoin on thier mining  list and you can start mining now. Glad to know that these two biggest company are using reddcoin,now i will start collecting this coin. Wink

Reddcoin is Proof of Stake. You can't mine it...
4833  Alternate cryptocurrencies / Altcoin Discussion / Re: Which crypto project besides bitcoin has the biggest userbase? on: April 02, 2016, 03:09:06 PM
According to bitinfocharts -

https://bitinfocharts.com/

#2 in transactions is Ether, and #3 is Doge. Litecoin and Dash have pitiful transactions by comparison.
4834  Bitcoin / Bitcoin Discussion / Email Service Provider Fastmail Accepts Bitcoin Payments on: April 01, 2016, 02:56:08 PM
http://www.newsbtc.com/2016/04/01/privacy-focused-email-service-provider-fastmail-accepts-bitcoin-payments/

Quote
FastMail, an email service offering paid email accounts for individuals and organizations has silently been accepting bitcoin payments for premium upgrade via BitPay.

Since its launch 17 years ago in 1999, FastMail has continued its legacy as one of the most prominent privacy and security focused email service providers in the industry. Today, FastMail is the only email service provider amongst popular platforms including Gmail, Protonmail and Tutanota to accept bitcoin payments for its services. FastMail is currently used by over 100,000 individuals and businesses internationally.

Although the company has still not given an official statement regarding bitcoin payments and premium upgrade options, users are allowed to upgrade and downgrade from Lite to Premier with bitcoin. Premier is FastMail’s most expensive premium service, which is offered at US$120 per year. With the Premier package, users receive 60 gigabytes of mail space and 30 gigabytes of file space.

FastMail is the only reliable email service provider to accept bitcoin payments to date. While its competitors including ProtonMail and Tutanota have either been accepting bitcoin for donations or hinting the community of doing so, none of these platforms provide users methods of using bitcoin to purchase their products and services.
4835  Economy / Exchanges / Re: Cryptsy's Legal Situation on: April 01, 2016, 02:11:56 PM
They're legal situation is that they have not paid what they owed, and have done absolutely nothing to pay back what they owe.



That's not quite correct - they may have lost BTC and LTC but they have other coins and should have returned them. For example here is their doge cold wallet address:

https://bitinfocharts.com/dogecoin/address/DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG

There are coins there, which means they can return doge to customers if they choose - am not sure why this didn't happen.
4836  Economy / Trading Discussion / Re: The Art of Trading BTC to ALT Coins-Share your Experience for Noob on: April 01, 2016, 01:41:46 PM
I'd say the main thing is to stay away from coins being pumped. You'll end up over paying and being a bag holder. The only people who profit from pumps are those who accumulate the coins well before the pump started, and they profit by essentially then selling to people who have jumped in due to FOMO.
4837  Economy / Trading Discussion / Re: Exchanges: their features and failures on: April 01, 2016, 01:37:36 PM
Most of the exchanges arn't very liquid for a given coin - for example Kraken is great for BTC/Eur trading, but try trading doge there and you'll be lucky to get your order filled in several days.

The other thing is security - I've lost count how many exchanges have gone bust and walked away with people's coins - mt gox, mintpal, cryptsy etc. There needs to be some sort of insurance in place so that when they get hacked they can compensate users. Of course it helps if the "hacking" is not done by insiders in a long con.
4838  Bitcoin / Bitcoin Discussion / Re: Great and wonderful documentaries about uᴉoɔʇᴉq? on: April 01, 2016, 01:31:08 PM
If you go to letstalkbitcoin.com, there are a ton of videos and podcasts, which should answer most of your questions.
4839  Bitcoin / Bitcoin Discussion / Re: Cornell Study Recommends 4mb BlockSize for Bitcoin on: March 31, 2016, 05:53:28 PM
The question in my mind, would not be if the nodes would be capable to handle the load, but rather if the increase in the block size will compromise it's security and open it up to all sorts of attacks 

Why should the increase in the block size compromise security?
4840  Bitcoin / Bitcoin Discussion / Homeland Security Bitcoin Task Force Is Very Real on: March 31, 2016, 02:56:43 PM
http://themerkle.com/homeland-security-bitcoin-task-force-is-very-real/

Quote
The blockchain is as transparent as a payment ledger has ever been, as anyone in the world can track a transaction from source to destination in real-time. However, that does not mean just anyone can link an identity to a specific wallet address as that kind of information is off-limits to everyday consumers and enterprises.

Law enforcement agencies – especially Homeland Security – on the other hand, seem to have access to specific tools that will let them monitor Bitcoin transactions and link it to personal behavior. Although the exact details of how this would work, remain shrouded in mystery for the time being, a recent police report shows how one man was arrested for selling drugs on the darknet, and one law enforcement official tracked him down based on his Bitcoin activity.

The report also mentions how a combination of surveillance and public records were used to find the home address of this individual. Although users need to install Tor before they can access the darknet, that technology has been breached by the FBI – in collaboration with Carnegie Mellon University – not too long ago. By the look of things, law enforcement agencies still have some access to Tor, which allows them to obtain sensitive information about its users.

Despite the media thinking internet criminals prefer bitcoin payment options for their anonymity, it looks like that scenario is coming to an end. Now that dedicated Bitcoin task forces are a real thing, any shred of anonymity associated with digital currency has just evaporated.  Granted, not everyone will be caught, but the risk factor has increased by a significant margin.
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