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What's your record, punks?
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How would they know the coins were stolen?
do coins carry a unique marker or something?
Yes of course they do. You can always tell where they came from, just not always "who" they came from (if you know what I mean). It's like this forum. You can always tell what account posted what message, but no one really knows who owns the forum account in real life. |
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Considering that we are using up alot of electricity and money up by investing in this e-currency, where does our processing power go?
Can't we use our processing power more efficiently, both by mining coins and helping in university research. I'm sure people should be able to buy up processing power.
University research would be finding solutions to real problems, whereas Bitcoin mining is basically like password cracking. Because of the very specific way that mining is done, there is nothing else it can be used for except heating a room and drying out strawberries. As for where the processing power goes, as I said, it's just password cracking basically when you dumb it down. Each new block is a new password to crack. The processing power goes into those cracking attempts. The only thing you have to show for your efforts is the bitcoin you (may) find, this is partly what gives the value of the bitcoin. If it costs $4 to mine 1 bitcoin, there is very little chance Bitcoin would drop below that price. You said it best man. I wasn't aware each new block is like a password to crack. Yep. First person to crack the right password unlocks all the coins inside, and each transaction that is being done in bitcoin is contained inside that password protected block so once you unlock it, you in turn process the transactions and "confirm" them on the network. This is why it takes time for a transaction to be "confirmed". It's because it takes time for everyone to crack those blocks open. Processing Power, where does it go?
For a very general answer to that question, you should Google this: feynman lectures computations Fneh! Kindergarten stuff! |
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I will confirm that there is incorrect information regarding me and the administration, in this thread. I will happily discuss myself when certain people begin to respect my person.
What a cowardly, sleezy, snake of a thing to say you half-man. You are nothing but a turd and not fit for the air you breathe. You can't answer a single question without being a worthless sleeze and drudge on society? You can't stand up for what you believe in, you twisty swine breathed yellow spineless stillbirthed blowhard? You have no value. You take away value and lose respect because you don't deserve any for that cowardess. I asked you Atlas, weren't you permabanned you cowardly son of a bitch, aspergers ridden, admin bribing, pompous deal renigging, bet welching scammy fuck heap of dog shit? Matthew, your current musings are against this forum's terms of service. Specifically, it's off-topic. I thought I would let you know. Au Contrare Atlas, your topic is "Bitcoin: There is no justice in this game.". I am responding to you directly for your cowardly attempts to be hypocritical in your own thread about the lack of justice. Not only do I feel it's directly on-topic Atlas, but that everyone should give their opinions on what real justice is. Remember when you evaded the permaban here on the forums that you received for months of scamming users out of their money with bets that you constantly found new reasons to avoid paying, crazy ideas that never worked out and that you gave up on after launching huge self-important campaigns for, then tried to bribe the admin with a snarky comment about "How much will it cost for you to do what you should already be doing?"? Any of this ringing a bell you absolutely worthless drudge on society who has now recently turned 18 years old and is no longer a minor? |
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Considering that we are using up alot of electricity and money up by investing in this e-currency, where does our processing power go?
Can't we use our processing power more efficiently, both by mining coins and helping in university research. I'm sure people should be able to buy up processing power.
University research would be finding solutions to real problems, whereas Bitcoin mining is basically like password cracking. Because of the very specific way that mining is done, there is nothing else it can be used for except heating a room and drying out strawberries. As for where the processing power goes, as I said, it's just password cracking basically when you dumb it down. Each new block is a new password to crack. The processing power goes into those cracking attempts. The only thing you have to show for your efforts is the bitcoin you (may) find, this is partly what gives the value of the bitcoin. If it costs $4 to mine 1 bitcoin, there is very little chance Bitcoin would drop below that price. |
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Wow.. I withdrew 50 coins from bitcoinica.. why is it taking so long to hit the blockchain... ?? been at least 5 hours now...  New anti-theft withdrawal policy. 1 hour per 1 BTC. |
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I will confirm that there is incorrect information regarding me and the administration, in this thread. I will happily discuss myself when certain people begin to respect my person.
What a cowardly, sleezy, snake of a thing to say you half-man. You are nothing but a turd and not fit for the air you breathe. You can't answer a single question without being a worthless sleeze and drudge on society? You can't stand up for what you believe in, you twisty swine breathed yellow spineless stillbirthed blowhard? You have no value. You take away value and lose respect because you don't deserve any for that cowardess. I asked you Atlas, weren't you permabanned you cowardly son of a bitch, aspergers ridden, admin bribing, pompous deal renigging, bet welching scammy fuck heap of dog shit? |
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are you going to refund Zhoutong too?
Yes. I am very sorry about my recent malicious endeavours. Anyone affected by the recent intrusions should contact me via Private Message for a full and complete refund. Thank you. <3 |
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Charlie, you know anything you want from Korea I'll send it too  (Except my girlfriends, I refuse to lend them out regardless of how many I have in stock) |
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Maybe you're the one who did the hack, and now you're trying to further delay getting P2SH implemented so you can wait 2 months and do it again with someone else.
Why would I wait? |
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Ask him.
Atlas, weren't you permabanned?
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I've made a few hoodies, I think I have a few smalls (and maybe a medium or 2) left if you are interested.
Atlas, is that you? |
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OutRun on the sitdown arcade, stereo speakers going full blast just behind your head.
marked, (who has the themes on cassette from the zx spectrum version)
http://youtu.be/zlsDmALohQQ?t=3m44s |
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Just a thought to share with Zhou and others trying to locate the thief...
Approximately a week ago on the SR forums, there was someone who put out a $30,000 offer to anyone who would submit ID info and such to Mt Gox to enable him/her to withdraw from a large account without giving up his/her real information. Perhaps this was the hacker trying to cover his identity for his future 'endeavor'. Figured I would let people know.
Link? |
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Any insurance can exist. It is just a contract. Of course if these thefts keeps happening then the premiums are going to be expensive.
I didn't say it won't ever exist, I said it doesn't exist. Now provide your link to the only service in the world that will insure bitcoins (because I've checked to London and back and there isn't one) or stop daydreaming outloud. What I am saying is a person needs to call a specialist insurance company and they will figure it out. Did you call Lloyd's? Are you kidding? They're the first I thought of! Given the lack of assurance to the location of the bitcoins, the fact that the keys can be copied and moved, the volatility of the market value, and the inability to hold the only physical copies in any medium, they won't insure. If it had a fixed price, I'd imagine they would insure it for more than it's spot value in fees, but what's the point of that? |
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Just don't poison me!
How about a bottle of homemade Matthew sauce? I won't tell you what orifice it originates if you don't ask. ^_^ |
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Take my $50,000 Rolex in the coat room example. If the coat check attendant goes to the bathroom and doesn't have another employee watch the coat room, is that negligent? Yes if the coat room is supposed to be suitable for storing $50,000 Rolexes. Otherwise, no.
Dude. Please don't embarrass us with "coat check" examples anymore. Even a parking lot would be more suitable of an example, or even a storage container facility. Those have contracts at least and expect you to store things for extended periods of time. You're saying I can't sue the parking garage of one of their employees breaking into my car and stealing it? You're saying that I can't sue the shipping container company for leaving their keys outside of my container and letting someone just rob me? Give me a break. |
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PLEASE, this is nothing. Did you see his next email?
OHNOES CHARLIEZ. WUT R WE GONNA DO!? BRUCE ADVIZES US 2 NOT USE IT.... If it were advice on how to have sex with 13 year old boys in Thailand, I might assume he has some credibility, or even some tips on how to evade civil court judgments etc, but security? From the guy who lost so many bitcoins to MyBitcoin? He hasn't hidden himself away far-enough if you ask me. |
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Any insurance can exist. It is just a contract. Of course if these thefts keeps happening then the premiums are going to be expensive.
I didn't say it won't ever exist, I said it doesn't exist. Now provide your link to the only service in the world that will insure bitcoins (because I've checked to London and back and there isn't one) or stop daydreaming outloud. |
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