I'm willing to give BoB the benefit of the doubt and assume they really do believe that simply combining two existing services, a hot wallet and the ability to print paper wallets, is a viable business model. My problem is with the way they choose to promote it. It seems that they are attempting to conflate the two separate services in the mind of customers, giving the impression that their hot wallet service is unhackable.
Now I'm sure Veronica will reiterate that they aren't making the claim that their server is unhackable. However, by continuing to define themselves as "The World's Most Secure Bitcoin Service" without clarifying that this does not in fact refer to themselves but to paper wallets in general, the BoB will continue to be criticized.
All you've done is glue a banana to a shoe and called it "the world's most edible footwear"; it's deceptive and condescending and you should stop.
So much this. So much time has been spent on their paper wallets, that there hasn't been much discussion of the features they offer with their active wallets, and how those should be viewed with all of the caution a normal online wallet warrants (quite a bit). |
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What another great day it was 5/30/2013 going 5-1-1
Baseball
St. Louis Cardinals 2
Kansas City Royals 4
St. Louis Cardinals -1 4 hours ago 1.87 / -115 ฿ 0.02 Loss ฿ -0.02
This one could still be won... Damn rain... |
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1LvCuntsJyFFQsLuJhBXBPokbQa7SAyMr4
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Speaking of which, perhaps it's time to organize a Ripple Sauna Conference, for Ripple SuperCorporations (1.5 through 5 or w/e).
Does the one laptop with all 5000 of the RIPou's, XRPs, and ledgers get left to either: (a) get ruined because it is a laptop surrounded by steam (b) get stolen by the staff/CIA/FSB (c) Well a happened, but saying b happened sounds cooler, then delete everything, followed by OMGWTFBBQ there's crayons in the psych ward? |
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The safest place to keep your coins is in your own qt wallets, back them up - Plain and simple, no need to send your coins off to some "bank", if MTGOX and other exchanges and sites get hacked, this will too, keep your coins in your own wallets -
Pretty much this. You don't have to use the qt wallet, but any of the main wallets: Armory, Electrum, Multibit, or the Qt client are all good choices. The Android Bitcoin Wallet app is good too (make sure you find the right one, it uses the same backend as Multibit). Even Blockchain.info isn't a bad choice. This site actually seems like more of a hassel than just running your own client... |
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I keep watching, and mining, and I'm hoping to see TestnetWallet soon.  You know, it's actually hard to believe there hasn't been an online wallet for testnet before. It seems like a sensible thing for someone to do even if testnet coins don't gain any value. I'd hope that online wallets started with testnet coins first... |
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All i have to say is Liberty Reserve...same fate for Ripple.
Completely different situation. Opencoin operates in the US under US law. Opencoin is in the US and under US law, thus it will be even easier for the US to shut them down than it was for LR. Look at how easy it is to open an anonymous ripple account: they don't even ask you for a name and email address. Pretty much this, especially since Ripple seems to be promoted for facilitating real money transactions. The debt/finance aspect probably opens up new legal vulnerabilities even Liberty Reserve didn't get into. On the otherhand bitcoin is simply an online game where the developer neglected to build anything other than the currency. |
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good idea to put all coins there , however there is hardly any volume on most of the coins so they get devalued
I don't quite think they have all of the coins, Devcoin has been around forever and doesn't seem to be there. Most altcoins, especially since the recent altcoin explosion, are never going to sustain much if any volume. You can look at the history of SolidCoin to see how most of these are going to die. |
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neither withdrawal or deposit is possible.
hope it's not a hit n run exchange, just some technical problems tho.
This is why it is best to avoid rushing to be a cryptocurrency business's first customers. Who knows if Bter or Cryptsy will be around in a month (have either of them even been around for a full month yet?). |
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That's insane how I like this kind of things: just a VPS, a Bitcoin node, a web page with connections count and blockchain size and I'm happy
I have some linode credits rotting, so I just installed bitcoind. Might put a page up too. Given the drop in the cost of VPS service relative to a single bitcoin, it might be worth reupping eventually... Disclaimer: Linode has a history of being hacked and Bitcoin users have lost a lot of money when Linode has been hacked. Don't keep any wallets on Linode if you like having coins. |
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I want to trade options CALLs and PUTs, not just buy/sell BTC against USD
Coinbr.com is a broker that passes through MPEX |
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Thank you for helping to strengthen the network. It looks like it shouldn't be too long before it syncs up and starts giving back.
951e515bfc145d15a4ca0f975fbba26561b69983d30b82bb49d87440015414c5
Sent a small tip to your signature address. Keep it running and I might send more substantial coin your way later... Who knows maybe you should put up a quick web page on the server with a little bit about what you do in bitcoin with an address for donations to keep this honest node running in a data center.
I appreciate the sentiment, but I think you sent that tip to a wrong address (1LvidkzdhiZwjc2AfhwuQX3KH5w7EPwgne). I'll put up a web page soon. Great Only 12 connections? 18 now. It's still only a few hours old. Thanks for pointing that out: 21beca713ccb463e5ac969325cb50b783baa4d5ef69f5be9f89f75f93f3b3765 |
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Bitcoin node
Pretty good idea actually. The network could always use more full nodes and most VPS systems will be in data centers and positioned to be good peers, just don't use it to keep a wallet with actual coins. OK I have a node running. More info here - http://198.50.215.67/getinfoGreat Only 12 connections? 18 now, looks like it is adding more... |
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I agree. Just wait a few days to see if it eventually gets picked up. It probably will.
The problem with this approach is that if it isn't constantly being rebroadcasted, it might just not get picked up. Double spending it can get it back to him much faster. BTC2 isn't a vast sum, but it isn't something you want to drop on the ground and forget either... |
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That's a lot of coin to be testing out a client with... Try the instructions here to import the key into Multibit and then double spend the transaction with a higher fee (0.002 should get miners attention, 0.01 will for sure) to an address you control on a known reliable client. Then report this issue to the BtPurse developers and if you want to keep playing with this client risk less BTC doing so. |
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Should I 'ignore' MPOE-PR?
They seem extremely rude. But then again, that had very little to do with intelligence and business opportunities. I guess what I'm really asking is, 'is it worth the hassle and discomfort of reading their comments and posts?'
I'd advise against ignoring MPOE-PR. In spite of the the coarseness in the way she says some things, she works for one of the largest bitcoin businesses and a lot of good information comes out of her. When she starts a topic it is frequently a useful one like " So you think you're going to start a Bitcoin business, right?" or " Personal responsiblity and the Ponzi scam." Even if you find her offensive or her posts have offended you personally ignoring her leaves a lot of good information out of your sight. |
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Bitcoin node
Pretty good idea actually. The network could always use more full nodes and most VPS systems will be in data centers and positioned to be good peers, just don't use it to keep a wallet with actual coins. OK I have a node running. More info here - http://198.50.215.67/getinfoThank you for helping to strengthen the network. It looks like it shouldn't be too long before it syncs up and starts giving back. 951e515bfc145d15a4ca0f975fbba26561b69983d30b82bb49d87440015414c5 Sent a small tip to your signature address. Keep it running and I might send more substantial coin your way later... Who knows maybe you should put up a quick web page on the server with a little bit about what you do in bitcoin with an address for donations to keep this honest node running in a data center. |
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r3wt- I don't think you got the point. The point is not whether or not md5 is able to be "cracked." The point is to demonstrate that our pages have not been changed. If you hash a text string with md5, as long as the input text string is the same, the resulting md5 hash will be the same. You should have given it a full second. Actually with md5, the problem is indeed not to "be cracked", it is for a collision to have been found. A collision is an event where to different inputs yield the same md5 hash, and the math behind md5 has been sufficiently broken that creating a forged document with the same md5 has as a genuine document is no where near computationally challenging enough anymore. You can have two (or more) different inputs yield the same string. (SSL and code signing certificates which used keys derived with md5 have catastrophically been forged) It has probably been since 2008 that md5 has been generally know to be unreliable for security applications. |
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I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR. It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky". The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).
Yeah true, HYIP guys don't want to use bitcoin because price is not stable and it's doesn't fits into HYIP structure. That and Bitcoin HYIPs are so 2012 |
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bitcoinsports.eu (accountless so write down your bet slip ID numbers) and bitbook.biz (accounts) seem reliable*
*Disclaimer: reliability of bitcoin gambling sites may vary in the future
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