Wall at 194.50 is taking hits.
nom nom nom

None of these links work.  Anyone want to fill me in on what went down here? I hope it is not what I suspect.

Someone sucks at lying. 

Not even June 2011

Clearly there have been better and worse times to buy in. But even if you had bought in June 2011 for $32 and simply held, you would now be looking at a 40% return or in excess of 20% annualized. 

I'm starting to suspect that Adam is a bot. His opinions appear to be generated by a random process and are about as accurate. We really should have a CAPTCHA on these pages.

 

No, this is 599. We were at 600 before.


Oh wait, you meant the price. Way to derail a thread dude 

No, I mean 600 pages is the top.  

Don't be ridiculous.  This is the top. 

no more updates?   

rQB1TNhYCBS1vgYjwzgYfVBGJpHKJW9ZvB

Weeks? Try months. Proudhon has been shouting SELL all the way from $2. You have to respect the effort that goes into it though. Who would have thought you could take a record volume of bids on the exchange and make it seem like a bearish signal  .

Credibility check


Price at the time : $2.25.

No, that is indeed a 1-year chart.

Good luck having that philosophical conversation with the FBI agents who rock up at your place asking why you are hosting child porn. "But officer it's just a number. Outlawing it is absurd."

Let me know how that goes for you.

Thanks for clearing that up.

I'd like to hear opinions on what the course of action should be in the following hypothetical scenario. An attacker embeds some illegal content, let's say child porn, in the blockchain. This can be done quite cheaply. He then writes and distributes an application that takes a tx hash as input from the user, and then uses the bitcoin protocol to obtain that tx/block containing that tx from some peer decode the content and display it to the user. The application itself is clearly not illegal any more than a browser is illegal, it is simply a viewer that can be used to view both the good and the bad.

On the other hand anyone serving this content may find themselves in trouble with the law. Now, it is unlikely that anyone will go to jail, since you could quite honestly claim that you were unaware of the illegal content, in the same way that Zuckerberg wouldn't go to jail if someone uploaded illegal content to facebook. The critical difference though is that the bitcoin node operator has no way of removing the illegal content when served with a takedown notice (other than taking down the entire node).  The software could easily be modified to not respond to requests for certain blacklisted txs/blocks, but if everyone did this, then new nodes would be unable to start up. Even if only a large fraction of nodes did this, many new nodes will find no willing host among it's peers and the blockchain download will never complete.

This sort of attack is cheap to execute and, combined with a large short position on BTC, may even be profitable. It won't kill bitcoin, since there will always be someone running a node as a hidden service, but it may deliver a crippling blow that may be very difficult to recover from, especially if powers that be manages to form an association between bitcoin and child porn in the public mind.

Ideas?

Been wondering about this for a while, finally decided to just ask here. From the wiki :

"It is illegal in some countries to possess/distribute certain kinds of data. Since arbitrary data can be included in Bitcoin transactions, and clients must normally have a copy of all unspent transactions, this could cause legal problems.

Unspent transactions can be safely forgotten if more than half of all users are forgetting those transactions. If a miner neglects to forget an unspent transaction and is in the minority, its blocks will be rejected by the majority if those transactions are subsequently spent."

What is meant here by "forgetting" a transaction? I understand that the tx itself can be pruned from the miner's local copy by using the merkle tree, but somewhere, someone needs to retain the original block and be willing to send it to peers on request. New nodes that are starting up cannot accept pruned blocks  since they have no way of knowing whether the pruned txs were spent or unspent. Therefore there always needs to be at least one node willing to resend blocks with illegal content upon request or it becomes impossible for new nodes to start up. Given that law enforcement can easily start up a node, see where it downloads the dodgy block(s) from and go after the owner of that IP, this is only viable if the relevant node is sitting behind a tor hidden service. But this requires that all new nodes starting up go through tor.

Yeah, but as others have already pointed out, approximately USD 1.9 million of supply per month also disappears at the same time (unless you believe that SR sellers keep their income in BTC form). So in a rational market, this is a market neutral event.


Now there's a good point. It will almost certainly cause a price dip in the short term, because people will panic sell. Meanwhile, those who assessed the situation a little more thoroughly will snatch up cheap coins.

All of the above is under the assumption that SR shuts down due to some human error or bad luck (incorrectly configured server, inadequate money laundering allowing a known SR address to be linked to an address with a known owner, SR operators being busted for some unrelated crime in RL, or DPR being run over by a bus). In this case SR will quickly be replaced by one of it's competitors waiting in the wings.

But in the exceedingly unlikely event that SR was to shut down or be shut down due to some previously unknown weakness in TOR itself, that cannot easily be patched, the long term price impact on bitcoin will indeed be quite negative, since untraceable trade is one of the major bitcoin value propositions.

Received, thanks.

<OT>My first bounty!  Bitcoin is friggin awesome. Thailand to South Africa in seconds, no paperwork, no fees, no holding costs. Why can't everyone see this?</OT>

1CP8GvyYUd3Dww5iFgtnUWt7JASBCX3Ze8
 

this? https://bitcointalk.org/index.php?topic=78476.0