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61  Bitcoin / Bitcoin Discussion / Re: How to keep safe from Bearwhales! on: October 09, 2014, 01:34:12 AM
This is an extremely strange service being offered.

A customer of this service provides an interest-free loan to some unknown counterparty, denominated in something other than Bitcoin, only using Bitcoin as the payment mechanism for issuing and repaying the loan.

That's fine if that really is a service that people want, but why is the marketing for Locks so incredibly vague and imprecise about what is actually going on?
Silk Road did this in it's early days. They allowed people to lock in the US dollar price of a transaction when the funds were being held in escrow. When the buyer would release escrow the seller would receive more or less bitcoin depending on which direction bitcoin went.

This may have been how Ross was able to amass so much bitcoin as the price of bitcon was generally rising
62  Bitcoin / Bitcoin Discussion / Re: What major difference will the ETF make? on: October 09, 2014, 01:30:14 AM
but it does remove an awful lot of dangers, hurdles and doubts.

So does circle?
Circle makes consumer adoption easier but it is not a good vehicle for buying large amounts of bitcoin as the have relatively small limits as to how much you can purchase at a time, while an ETF would have no such limits
63  Bitcoin / Bitcoin Discussion / Re: Is old 3.5 floppy safer than USB drive for cold storage? on: October 09, 2014, 01:26:22 AM
I guess most people are missing the main question. I already have paper backups in a safety deposit box. The only thing I'm temporarily storing are files created on my cold storage (offline computer), or the only computer that contains the private keys. These "signature files" are stored to the floppy, then my online computer will read them from the floppy and broadcast the transaction. I can do this with a USB drive also but because of the BadUSB hack I was wondering if the old technology would be safer - I know the USD hack won't work on an FDD controller.
I think a better solution would be to use QR codes to transmit the unsigned/signed TXs between computers (I think this was suggested once or twice above). This would prevent any physical attack to your offline computer and would ensure that nothing that has touched your online computer will ever touch your offline computer
64  Bitcoin / Bitcoin Discussion / Re: True distribution: limit hashing power to (for example) 1TH/s per IP address on: October 09, 2014, 01:22:05 AM
It's funny to see people thinking up ridiculous ideas, just to try to solve PoW weaknesses, instead of just fade out PoW and use a better solution that already exists in many other eco-systems.

If you limit to IP address, then web hosting company will all become part time miners, since they own millions of IP address per company. This actually hurts the individual miner, because residential broadband in many countries, will give one IP address per hundreds of residential clients. Most college dorms also do the same thing.
LOL. You are referring to PoS (piece of shit mining) right?

@OP - this would not work simply because it is too easy to get multiple IP addresses. You would not even need to get any special connection as you could just create several instances on AWS with your multiple miners with 1 TH of hashrate each.

Another problem is that you cannot regulate hashrate to a specific miner. All the hashrate means is how often you are expected to find a block based on the current difficulty. This means that you wouldn't even need to have 50 IP addresses if you had 50 THs of mining hashrate, you would just need to rotate which IP address your miners broadcast the found block from each time your miners find a block
65  Bitcoin / Bitcoin Discussion / Re: Coindesk selling OUT too Kncminer $$$$$$$$$$$$$$$$ :( on: October 09, 2014, 01:01:10 AM
I have contacted Coindesk and they refuse to write a negative comment on Kncminers... do to the fact that Knc has advertisements on their site Sad I have twitted coindesk and email and from my understanding they are refusing to write a bad review ...


Coindesk selling out to all might $ or BTC  Sad

I say STOP doing any business with Coindesk until they remove ALL advertisements that have to do with KNCminer...

Tut..tut...Owners of Coindesk are exercising their property rights to run their business as they see fit, anyway they want.

You can either ignore Coindesk or put up with it.....your choice.
These are not your only choices. Your best choice would probably be to understand they need to earn money from advertisements as they are a media business. Any business that relies on advertising revenue will have a very high standard before they will decide to not sell ad space to them.

Just because they are displaying their ad does not mean they are endorsing them in any way. Just that they are letting them send a clearly paid message to potential customers
66  Bitcoin / Bitcoin Discussion / Re: Businesses get $25,000 fine for using Bitcoin, $2507 fine for gov officials on: October 09, 2014, 12:16:18 AM
I wonder what makes them ban bitcoin. Look like less people is supporting Bitcoin nowadays.

Less people? How?

Russia is the largest country (however, not largest population). Thus, if Russia ban bitcoin, about half the population of human will not be able to use bitcoin.

China banned Bitcoin and yet they have the highest volume of trades.

If Russia bans Bitcoin the trade volume will be through the roof.
Russia banning bitcoin can and will cause the trade volume to decrease to levels that would be less then they otherwise would be at. It will probably still have high trading volume because their economy is not stable and bitcoin provides some level of stability to unstable economies (especially when the banking sector in such country is less then certain to survive)
67  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 09, 2014, 12:12:33 AM
Theymos would need to be properly served in order for him to have to show up in court. Otherwise any judgement against him would not be enforceable, and  would be reversed.

You would serve the domain owner WhoisGuard, Inc.

Domain Name:BITCOIN.ORG
Registrant Name:WhoisGuard Protected
Registrant Organization:WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City:Panama
Registrant State/Province:Panama
Registrant Postal Code:00000
Registrant Country:PA
Registrant Phone:+507.8365503

In some cases an In Rem action can be filed where you sue the domain name.  Not sure if that is possible in this type of case.  In any case service is not that difficult.  If Theymos would need to be served at some point he has already provided enough info to find him via his Reddit AMA.


I am not very familiar with the laws regarding proper service as I have never had to try to avoid service like this. Regardless he would not need to personally appear in court unless he was compelled to testify, if he simply wanted to put on a defense he could have someone appear and speak on his behalf (an attorney/team of attorneys)


I referenced the wrong domain but bitcointalk.org is registered to the same company.

Mr. Marquardt would be a witness and he would be subject to appear at depositions and court hearings where he would testify.
Him potentially testifying has nothing to do with putting on a defense. There is also nothing that would prevent him from sending some other agent of the forum to testify they the agent has sufficient knowledge about the scope of the deposition. This is why the CEO of major companies do not testify when their companies are involved in lawsuits.

Also claiming section 230 protection would probably prevent the case from ever making it to trial in the event that immunity is upheld (if they have immunity then the facts of the case do not matter as they are not liable regardless of the facts)
68  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 09, 2014, 12:03:49 AM
Theymos would need to be properly served in order for him to have to show up in court. Otherwise any judgement against him would not be enforceable, and  would be reversed.

You would serve the domain owner WhoisGuard, Inc.

Domain Name:BITCOIN.ORG
Registrant Name:WhoisGuard Protected
Registrant Organization:WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City:Panama
Registrant State/Province:Panama
Registrant Postal Code:00000
Registrant Country:PA
Registrant Phone:+507.8365503

In some cases an In Rem action can be filed where you sue the domain name.  Not sure if that is possible in this type of case.  In any case service is not that difficult.  If Theymos would need to be served at some point he has already provided enough info to find him via his Reddit AMA.


I am not very familiar with the laws regarding proper service as I have never had to try to avoid service like this. Regardless he would not need to personally appear in court unless he was compelled to testify, if he simply wanted to put on a defense he could have someone appear and speak on his behalf (an attorney/team of attorneys)
69  Bitcoin / Bitcoin Discussion / Re: Why There Should Be A Bitcoin Central Bank on: October 08, 2014, 11:58:06 PM
The asset bitcoin (with a lower case b) is somewhat of a currency (it is getting to be more so like one over time). Any currency will always be an asset, as this is just what a currency is
When I call it an asset I mean that it holds value in itself because of its scarcity, similar to gold and art. A piece of paper with a dollar sign on it does not, it only represents something that supposedly holds value.

People needs to forget about all the economic mumbo jumbo. It doesn't apply to Bitcoin.

Backing up bitcoins with dollar bills doesn't make sense because it doesn't solve a problem. Thats where Bitcoin stands on its own.
The only reason bitcoin has any value is because the market gives it value. The same is true for any other asset, including art, gold, and yes dollars.
70  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 08, 2014, 11:47:23 PM
Actually the forum would be protected by Section 230 of the Communications Decency Act which basically says that a website with user submitted information (posts) is not considered to be the publisher of such information.

The person who actually posts information (posts a post) is liable (when liability is appropriate) for anything they publish (post).

Any lawyer will tell you that doesn't hold up in court, because it usually doesnt.
Why don't you give some examples of cases when this did not hold up in court?
it won't hold up for a second in court against a lawyer worth their salt, and lets face it, in these types of cases, the prosecuting attorney is always worth their salt.
You asked for proof, so here you go.

One of the most famous cases in internet history.http://en.wikipedia.org/wiki/The_Pirate_Bay_trial#.22King_Kong.22_defense
Section 230 does not provide protection against a site breaking IP (intellectual property) law, which is what copyright law is.
71  Bitcoin / Bitcoin Discussion / Re: Why I think Pantera Capital is wrong in their $4.2 million/BTC estimate on: October 08, 2014, 11:42:40 PM
Personally i think they are right Smiley
Bitcoin will be worth over 1 milion $


That's not realistic, but I would very much welcome it because then I don't have to work anymore.

I think the max price it will ever reach, if ever, is $10,000 and that's a fair estimate.

This is why I think it is realistic...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---
It is not realistic to think that the price of an asset will increase in value by 10x every year for 8 years. I cannot actually think of any asset that has appreciated as much in as short of a time period.

There are other, much more reputable sources of research that peg the max value of bitcoin to be at much more modest levels (although much higher then it is now)
72  Bitcoin / Legal / Re: Australian Govt. form asks if I own any Bitcoin of Cryptocurrency on: October 08, 2014, 11:39:35 PM
there is no real way for them to know you own any unless u withdraw them to your bank where they can trace it
If they had a warrant to monitor your ISP account and you were not using a VPN (or if you were and they also had a warrant to monitor your VPN account) then they could potentially see when you would push a TX to the network. Or if you were to order a physical good to be shipped to your house and pay in bitcoin then your address and name would be linked to the fact that you at one point owned bitcoin
73  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 08, 2014, 11:35:10 PM
Actually the forum would be protected by Section 230 of the Communications Decency Act which basically says that a website with user submitted information (posts) is not considered to be the publisher of such information.

The person who actually posts information (posts a post) is liable (when liability is appropriate) for anything they publish (post).

Any lawyer will tell you that doesn't hold up in court, because it usually doesnt.
Why don't you give some examples of cases when this did not hold up in court?
74  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 08, 2014, 11:34:09 PM
This isn't the real world; it's an Internet forum and we go by the rules that have been set out before us.

That is ridiculous.

What I suggest is that people start suing the forum if they realize a loss due to some of the activities here.  

How it works is that you sue the whois privacy service (which is in Panama).  It is unlikely that company will provide a court defense over a service that costs a couple dollars a year.  Most likely they will either divulge the true registrant or simply default.  

If the true registrant is identified they will need to provide a defense and identify themselves or they will default.  If they identify themselves then you can start identifying the staff and calling them in for depositions.  If they default then you can probably get a court order to seize the domain from the .org registrar which is located in the USA.  If bicointalk.org were to default you really don't need that solid of a case, you just need a prima fascia case which will be successful if they default.  By suing the forum you will put them between a rock and a hard place.  

If you think this forum does not matter in the real word, think again.  The Chairman of the Bitcoin Foundation shot himself in the foot by posting here and Barry Silbert used it against him in court  Vessenes has not posted here since:

http://cointext.com/wp-content/uploads/2013/11/alydiancomplaint.pdf

https://bitcointalk.org/index.php?topic=306672.msg3289385#msg3289385

Forum posts have also been cited in a several other criminal and civil cases such as the Silk Road and pirateat40 prosecutions.
Actually the forum would be protected by Section 230 of the Communications Decency Act which basically says that a website with user submitted information (posts) is not considered to be the publisher of such information.

The person who actually posts information (posts a post) is liable (when liability is appropriate) for anything they publish (post).

That depends of the specific facts.  That immunity goes out the Window if the web site conspires with people who post or place the ads.  it also does not provide immunity from criminal liability.  Giving Trade Fortress specialized privileges to promote a fake bank covers both those issues.  You should read the link you posted so you understand what it means.  Some case decisions are posted there.  

As I have explained any defenses won't matter unless Mr. Marquardt (Theymos) shows up in court.
Theymos would need to be properly served in order for him to have to show up in court. Otherwise any judgement against him would not be enforceable, and  would be reversed.

If you were referring to TF posting in the VIP section then that is not something that only he was allowed to do. Anyone else is allowed to post in the VIP section provided they donate at least 50 BTC to the forum (that much was worth much less when TF donated and when most people were donating).

A case close to one regarding advertisements is Goddard v. Google, Inc.
Quote
Immunity upheld against claims of fraud and money laundering. Google was not responsible for misleading advertising created by third parties who bought space on Google's pages. The court found the creative pleading of money laundering did not cause the case to fall into the crime exception to Section 230 immunity.
75  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 08, 2014, 11:13:18 PM
This isn't the real world; it's an Internet forum and we go by the rules that have been set out before us.

That is ridiculous.

What I suggest is that people start suing the forum if they realize a loss due to some of the activities here.  

How it works is that you sue the whois privacy service (which is in Panama).  It is unlikely that company will provide a court defense over a service that costs a couple dollars a year.  Most likely they will either divulge the true registrant or simply default.  

If the true registrant is identified they will need to provide a defense and identify themselves or they will default.  If they identify themselves then you can start identifying the staff and calling them in for depositions.  If they default then you can probably get a court order to seize the domain from the .org registrar which is located in the USA.  If bicointalk.org were to default you really don't need that solid of a case, you just need a prima fascia case which will be successful if they default.  By suing the forum you will put them between a rock and a hard place.  

If you think this forum does not matter in the real word, think again.  The Chairman of the Bitcoin Foundation shot himself in the foot by posting here and Barry Silbert used it against him in court  Vessenes has not posted here since:

http://cointext.com/wp-content/uploads/2013/11/alydiancomplaint.pdf

https://bitcointalk.org/index.php?topic=306672.msg3289385#msg3289385

Forum posts have also been cited in a several other criminal and civil cases such as the Silk Road and pirateat40 prosecutions.
Actually the forum would be protected by Section 230 of the Communications Decency Act which basically says that a website with user submitted information (posts) is not considered to be the publisher of such information.

The person who actually posts information (posts a post) is liable (when liability is appropriate) for anything they publish (post).
76  Other / Meta / Re: BITCOINTALK STAFF QUIETLY BANS PEOPLE FOR SPEAKING OUT AGAINST THEM on: October 08, 2014, 10:27:09 PM
Exactly, but I don't think this guy is going to get it. Most people generally do seem to frown upon account selling and it's not 'endorsed' by this site or the admins. There's a difference between endorsing something and allowing something, especially something they cannot hope to or be expected to control. Also, even if account trading was banned, that wouldn't mean it's not going to happen and suddenly make trust 'meaningful' or 100% trustable.

Liability would be based on the specific facts and what a reasonable person would do.  The site has mechanisms in place to moderate and threads are deleted on a regular basis.  Under those conditions it may very well that the site would be expected to control those types of posts as much as reasonably possible.  By allowing the posts it could be seen as an implicit endorsement of those activities.  The fact that staff comes on here to ridicule those that complain about would certainly weigh heavily on the side of liability.  This is why normal businesses put in reasonable controls.  It is clear that hilariousandco has no concept of these issues or how they work in the real world.
Regardless if account selling is endorsed or not, it does not change the fact that the forum is not responsible for moderating scams (or potential scams). For the most part people are able to speak what is on their mind and post what they want with very few exceptions (obvious spam, maleware, links to illegal marketplaces, trading in things that are illegal). The only "flaw" in allowing people to trade accounts is that it potentially allows people to receive ill gotten "trust" as it would allow someone to potentially pull a scam in the future.

If a scam is being attempted with a purchased account or not, it is not the forum's job to warn others about potential scams. The fact that a purchased account was paid for would make it less likely that someone would want to scam with it unless there is a very good chance the scam will be successful and the scammer will be able to scam for more then what the account was purchased for. If you know how much a specific user's "trust" is worth in a general sense then you can be reasonably certain they will not attempt to scam for less of amounts.

There are also several legit reasons as to why people wish to purchase accounts (primarily signature campaigns). If you were to attempt to ban or police account sales then the percentage of account sales for legit reasons would go significantly down and people will malicious intentions would purchase accounts off forum, and have the purchase include VPN accounts that were previously used to connect to the forum with the account (making it appear the account was not sold). This will result in more scams involving sold accounts and a false sense of security that the account you are dealing with has not been sold.

If you were to say that you were not aware that account sales are allowed then that is your own fault for not knowing the rules of the forum that you are using.
77  Economy / Economics / Re: Price of contemporary art skyrockets. on: September 26, 2014, 03:35:04 AM
imho skyrocketing art prices are a sign of tons of cheap money. it wants to get invested and forms bubbles. shouldn´t hurt our baby... Wink
I agree. Increasing prices of art is likely a sign that people with a lot of money do not have any/many places to invest their money so they "invest" in something they can look at and enjoy.

The fact that the art market is especially opaque makes it more likely that someone will not be getting a good deal, bubble or not
78  Economy / Economics / Re: Alibaba IPO To Blame For Bitcoin Crash on: September 26, 2014, 03:32:46 AM
I'm sorry - and I mean this in the nicest possible way - your website really needs a spelling check and an editor.

Are you a problem solver or just a critic? If you're a problem solver you will over to help with spelling or editing!
Unless you are paying him (or offering to pay him) to correct your spelling errors there is no reason for him to fix them.

As for your logic in your article, I strongly disagree. The people that are investing in bitcoin and people that are investing in the alibaba IPO have different risk tolerances and therefore are likely different investors (using different money)
79  Economy / Gambling / Re: DiceBitco.in | BE THE BANK ! | 1% House Edge | 7500+ BTC BANKROLL | INSTANT! on: September 26, 2014, 03:15:16 AM
Quote
Locking down the announcement, since it served its purpose ! You are free to continue addressing any issues/further dialogue in our official topic here -->  https://bitcointalk.org/index.php?topic=716312.0

Once again you demonstrate your poor communication skills, typical of a European mindset that does not fully value freedom of expression. The proper response to these public relations crises is not to lock down channels of communication (e.g. chat rooms and BTCtalk thread) and not to label all your critics as "trolls".
You are trolling haha. The announcement thread was self moderated, and the initial announcement was cross posted here. There is no reason to have to monitor and respond to posts on two different threads.
Quote

Furthermore, do you plan on making public the identity of the additional programmer hired by DiceBitco.in or will you elaborate on what legal or extrajudicial actions have been taken against him and what efforts have been made to retrieve his share of the BTC commissions obtained from the implemented malicious code? I see you have no qualms about giving away his first name and partial email address from your most recent pastebin.com post.
I don't think an identity would prove anything. IMO the programmer would likely deny creating the code as it would open him up to civil liability from dicebitco.in and potential criminal liability. They wish to stay anon and will likely not give up that anon just to feed the trolls
80  Economy / Scam Accusations / Re: Chargeback victim, if you live in Orlando you can have a free laptop on: September 16, 2014, 04:29:02 AM
I filed a complaint with the U.S. Postal inspection Service (basically the cops of USPS).  that is a good idea, i just thought the local police would laugh and just dismiss my complaint...none-the-less, i will try tomorrow. 

but i am still hoping for a bitcoin ninja/debt collector to come out of the wood works...there has got to be real life bullies that exist still ?  LoL
Hopefully you will end up with something more then a life lesion out of this, however I don't think you will. Law enforcement unfortunately does not have the resources to conduct a through investigation of crimes of this magnitude
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