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581  Other / Politics & Society / Re: In NSA-intercepted data, those not targeted far outnumber the foreigners who are on: July 10, 2014, 02:54:47 AM
There are many level of espionage.  The methods the government using right now is borderline idiocy.

When a person of interest know someone is listening and watching his every move and conversation, do you think he will be honest or will he introduce false information to misdirect the eavesdropper?
One goal of many of the programs that the NSA employed were to keep the program somewhat a secret, or at least keep the scope of the programs a secret. If someone does not know an attacker is listening to them (and thinks that an attacker is not listening in) then they would have no reason to provide misinformation.
582  Other / Politics & Society / Re: How does the Red Cross spend donor money? It’s a “trade secret” on: July 10, 2014, 02:37:21 AM
Their trade secret is how they are able to hide the donation monies they received and make sure their higher ups receive nice fat salaries while doing virtually no good whatsoever.



Its the truth its amazing how much money even Goodwill and The Salvation Army make just off peoples donations, then they pay handicap workers less than minimum wage.

http://money.msn.com/now/blog--goodwill-pays-disabled-workers-pennies-an-hour
These people have literally zero skills and are much less efficient then most workers. These workers are also on disability so they are really saving the government money.

These charities actually spend a much higher percentage of their donations on "their cause" then most other charities do, especially the smaller ones. 
583  Other / Politics & Society / Re: Man Raises $10,000 on Kickstarter to Make a Bowl of Potato Salad (Update: Make T on: July 10, 2014, 02:35:06 AM
I saw this too and at first glance it looked outrageous. When you look closer you should see that the higher donation levels would get donators a tee-shirt about him making the potato salad.
584  Other / Politics & Society / Re: Developing countries using bitcoin: Is it possible? on: July 10, 2014, 02:33:02 AM
I live in a developing nation and have transacted using crytocurrency
Not sure what you think the usage problem is

The usage problem that I'm talking about is all about computers and internet. Not all people living in developing countries have access to computers and the internet. Let's say that they have access to it, but they do not own it; how can they store their own bitcoins if they don't have their own computers or even smartphones? By the way, the average pay for a minimum wage worker here in our country is $10 (that is the pay for working in 8 full hours).
Developing countries are getting more access to things like computers and the internet. Granted the level of access and the quality of service is nowhere near that of what it is like in the US, but access is still growing.

Bitcoin could very well be accepted as a currency of choice for smaller, developing countries as they generally have smaller economies and a very volatile currency.
585  Other / Politics & Society / Re: Racism in America on: July 10, 2014, 02:27:59 AM
BTW,

For those of you who strongly advocate states rights and smaller government, do you think the CRA of 1964 could ever have happened if your vision for America had been in place?

Great question - do you think our southern friends will take it on?
The CRA is a horrible law and contributed to the most recent financial crisis.

586  Other / Politics & Society / Re: US ‘kidnaps’ Russian MP’s son to ‘exchange him for Snowden’ on: July 10, 2014, 02:20:56 AM
How accurate is the news? You have another source?

http://www.rferl.org/content/us-homeland-security-hacking-seleznyov-russia-arrest/25449250.html

On the other hand:
http://www.interfax.com/newsinf.asp?id=519051

So no, presumably it's just information wars, until further notice.
These sources are not what I would consider to be credible.

If something like this really had happened, or if there was a credible lead on something like this happening, it would likely be all of the MSM
587  Other / Politics & Society / Re: So.. Chase shutdown my College Checking account on: July 10, 2014, 02:19:33 AM
Are you using Coinbase too much to buy Bitcoin or is this something entirely different? I'm not really getting a feel for why they perked their eyes up as much.

I do a bit of coinbase, quickpay.

They also closed my Uncle's account last year. He's in the oil industry.


Perhaps they targeted you because you could be perceived to be from another country, no offense. I've definitely done my fair share of Coinbase swaps and my tellers don't even bat an eye when I stroll through. Coinbase is becoming a respected brand so I can't see why any banks would be hating on it.
If he has a lot of coinbase transactions it could look like he has kiting money.

http://en.wikipedia.org/wiki/Check_kiting
588  Bitcoin / Bitcoin Discussion / Re: Dollar-Backed Digital Currency Aims to Fix Bitcoin’s Volatility Dilemma on: July 10, 2014, 02:07:14 AM
The problem with this is that the incentives for miners to secure the blockchain would be missing. Even if miners earned a TX fee, they would almost certainly not earn any kind of block subsidy; since TX volume would be very low at first, there would be little reward for mining, making it very easy to attack the blockchain.
589  Bitcoin / Bitcoin Discussion / Re: Bitcoin Set To Transform the Courtroom on: July 10, 2014, 02:04:17 AM
everyone is talking about smart contract can in the future... blah blah blah.. so show me not in description, but in an actual code on the blockchain a smart contract that could easily be shown to a lawyer or judge. i have sem months and months of posts about the theory.. so its time to see a live example

That could be an interesting discussion. If a contract dispute makes it to trial, it is likely not over whether or not one of the parties has signed a document, it is more likely that the dispute is over interpretation of the document. How can the blockchain add any value to this form of dispute resolution?
There is also often a dispute about facts in litigation, for example if work performed was timely, and/or meet certain quality standards.
590  Bitcoin / Bitcoin Discussion / Re: ISIS-Linked Blog: Bitcoin Can Fund Terrorist Movements Worldwide #bitcoin #ISIS on: July 10, 2014, 02:02:30 AM
They could, in theory move a lot of money around with bitcoin but with AML rules in places to exchange your bitcoin for fiat it would be very difficult to convert their bitcoin to fait.

I would also think that terrorist groups would have difficulty spending their bitcoin for things like bombs and other "war tools" as they would have the same issues with others not wanting to deal with terrorist groups
591  Bitcoin / Bitcoin Discussion / Re: Blockchain as login system on: July 10, 2014, 01:58:39 AM
You would still need a public address to act as a username as the website would otherwise not know which address to validate the signature against.

no, but yes, but no.. all depends on how the website sets up its registration system.

scenario 1
imagine this forum whn you signed up asks for your username, password and email address... simply remove email, remove password requirement at registrations and replace with just username and bitcoin PUBLiC address at registration.

so now id when logging typ in username copy th passphrase, sign it, paste th signed passphrase as the password.
This would still technically be using your public address as your username, it would just be that you type in your "real" username and that is associated with your public address.
592  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC trade volume much higher than BTC ? on: July 10, 2014, 01:56:34 AM
I've never seen LTC trade volume higher than BTC (in terms of BTC traded), unless of course you mean :

In 24 hours :

20 000 LTC volume / 3000 BTC volume
If this was the case then, you need to remember that one BTC is worth over 80 LTC
593  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Addresses Need to Go on: July 10, 2014, 01:55:12 AM
If you can't use your eyes + copy and paste you probably shouldn't be using money in the first place.
Exactly. Because copy + paste is so hard that we need to completely throw away addresses.
Please. Stop being lazy.
The blog is bad.

OP is correct though, people in general are incapable of copy + paste.  The address system is one of the current hinderances to widespread adoption.  It absolutely has to be changed before you'll see the public get all on board.  (if you had to type in a cc number every time in a store nobody would use that either)

Also you're not going to be copy and pasting buying something in a brick and mortar shop, if we want mainstream we have to get more toward doing that.

phones are nice but people lose and break them all the time so they aren't storing the $ there yet.

Many "in person" merchants that accept bitcoin use QR codes that will help setup a transfer to the merchants address, so even though a BTC address is being used, it is transparent to the customer.

Most wallet services (both software and web wallets) also support using QR codes for both sending and requesting, reducing the need to even copy and paste.
594  Bitcoin / Bitcoin Discussion / Re: Funny brainwallet on: July 10, 2014, 01:48:17 AM
I typed "I invented bitcoin" and it gave me this pub address: 1GodKLaaQrNuFpHhNsf3os8DpziDz1ukDx

Is it a coincidence or am I GOD? Shocked
You do realize that you have essentially compromised your brain wallet to the point that any coins transferred to that address would be likely stolen?

I don't think he's going to actually use it. And even if he didn't tell us in this thread, it would still have been a pretty poor brainwallet that would have been compromised sooner or later anyway.
You are probably right about it probably being compromised regardless if he posted on the thread, however, by posting on this thread, he all but guaranteed that it would be compromised.

What would be the point of generating a brainwallet like this if he had no intention of ever using it?
595  Other / Off-topic / Re: Bad Day on: July 10, 2014, 01:44:15 AM
rule of the street, if you wont simply hand a stranger on the street $2400... dont do it online

I thought I had it down. It didn't occur to me that he was hacking other people's Paypal accounts to pay me. So I'm doing what's right and returning their money to them.
It is just ridiculously risky to sell bitcon with paypal. Why did you do that man? Even if things appear to be running smoothly after the first transaction, it is very well possible that it did not go smoothly as you would likely not realize that it was a scam until several weeks (at least) later.
596  Bitcoin / Bitcoin Discussion / Re: Talked someone into bitcoin only to bail because his bank saying its a scam on: July 10, 2014, 01:40:18 AM
once someone has their mind made up, there's nothing you can really do. there is really no point in trying to dissuade them. this is the case especially with people who don't process the data given to them, but instead just take it as gospel.

Well my friend was really interested but since his wife works at a bank and she said scam, money laundering, bank notice where all tellers informed to watch out for it. He got scared and backed down I'm still going to do my part to educate both of them regardless if he is interested in investing or not.


yeah, the people that i know laugh about bitcoin because its "virtual" money and funny  Cheesy ...like the internet 20 years ago  Cheesy
i guess that is a little bit better than your woman at the bank.

maybe you can show them some positive mainstream coverage about bitcoin. and please tell them that US Gov sold 30.000 BTC  Grin !
It should also be noted that tellers are essentially sales people (they also provide services) who will try to win your (additional) business. When you are taking large amounts of money out of your bank it would appear to them that you are taking your business elsewhere so they will try to sell you on keeping your business at that bank.
597  Economy / Service Discussion / Re: Mt. Gox CEO selling Bitcoins.com, will give some proceeds to burned investors on: July 10, 2014, 01:37:19 AM
It sounds like a drop in the bucket at the absolute best. Regardless I don't think the domain would fetch that much at auction.
598  Bitcoin / Bitcoin Discussion / Re: Can Internet service providers block bitcoin network? on: July 10, 2014, 01:35:37 AM
not a problem ... use P2P strategy like "randomly use" port at every startup (or every hour) ... and erase TCP-IP header when sending datas between member of the network.

like ed2k system with kademlia and obfuscated setting.

BTW, bitcoin is ready for TOR use ... (ognion  line  command)

That is a useful bit of information. Thanks for posting it!
I don't think that using a random port to use bitcoin wold even be necessary as there are multiple uses for pretty much every port.
599  Economy / Economics / Re: Why does acceptance of Bitcoin has to do with the price of Bitcoin? on: July 10, 2014, 01:34:11 AM
The more merchants that accept bitcoin and the more people that use bitcoin the more people will need to buy bitcoin, thus a higher demand for bitcoin
600  Bitcoin / Bitcoin Discussion / Re: BITCOIN CLOUD MINING IS A SCAM (noob word!) on: July 09, 2014, 10:36:34 PM
One thing people should be aware is this.

If ASIC mining is that profitable, all the ASIC manufacture won't be selling those machine and would rather mine themselves.

The ASIC manufacturers need to sell their machines because they need funds for R&D and because they receive the entire payout from the machine right away instead of over time and not at a payout that is dependent on the network difficulty or the price of bitcoin
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