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601  Bitcoin / Bitcoin Discussion / Re: Which Bitcoin Exchange Can You Trust? on: June 20, 2011, 07:50:27 PM
Honestly, after all of this, I would trust mt gox the most. Nothing encourages you to invest a lot in security more than being thoroughly pwnd.
It's funny and it's true.

Except Sony.
602  Bitcoin / Bitcoin Discussion / Re: Wild trading at tradehill on: June 20, 2011, 07:44:57 PM
Tradehill seems to have their "market data" page set to auto-refresh.

Not very wise O_O

Are they really hosted on hostgator?

Yes, but I think they signed up for the plus plan.
603  Bitcoin / Bitcoin Discussion / Re: Wild trading at tradehill on: June 20, 2011, 07:27:03 PM
I could sell them some space on my Geocities to share the load.
604  Bitcoin / Bitcoin Discussion / Re: Wild trading at tradehill on: June 20, 2011, 06:51:56 PM
yeah apparently Tradehill wasn't ready for the influx of people they got from Mtgox's hiatus

It's amusing how much people talk them up when they can only handle a tiny volume.
605  Bitcoin / Bitcoin Discussion / Re: Best way to get money in fast on: June 20, 2011, 06:00:16 PM
I plan on trading at Mtgox with new funds once I can... the prices there will be so low! I can't wait.
606  Bitcoin / Bitcoin Discussion / Re: What have we all learnt from the Mt Gox incident? on: June 20, 2011, 05:55:49 PM
Windows 7 is very secure.
607  Bitcoin / Bitcoin Discussion / Re: The Aftermath - Where will it leave BTC? on: June 20, 2011, 04:10:17 PM
I'm buying a ton if my funds clear and the price is under 14 or 15. I can't wait. It'll be like Christmas.  Grin
608  Bitcoin / Bitcoin Discussion / Has anyone else sent more $ to dwolla or planning to, or just me? on: June 20, 2011, 03:56:21 PM
Just curious. Seems like a great time to invest.
609  Economy / Economics / Re: Mt.Gox Accounts and passwords released, impact to BTC econ on: June 20, 2011, 06:48:01 AM
I've got a problem. my account was on the list but when i try to login to change my password it says the account dosent exist. did that happen to everyone or just me? have I lost my bitcoins???

best regards

You can't login yet. I think you are referring to the help forum which is a separate registration, I think.
610  Bitcoin / Bitcoin Discussion / Mtgox charity fund on: June 20, 2011, 06:42:42 AM
Mtgox lost a lot of money in their downtime that they would've made in transaction fees. Also they will have to reimburse someone for $1000. Would anyone like to contribute to a charity fund for Mtgox?
611  Bitcoin / Bitcoin Discussion / Re: Bitcoin Value - Please read! on: June 20, 2011, 06:12:46 AM
What is the current bitcoin value now? Are we back at 0.01? Has that fucking over of Mtgox changed the value? When is everything getting back to normal?!

Bitcoins are worth $4.80... would you like to sell me a few thousand?

Seriously, bitcoins are worth whatever a buyer/seller agree to trade them for... how much would you sell me yours for?



I'll buy them from you for $5.50 after.
612  Bitcoin / Bitcoin Discussion / Re: Data proves Bitcoins are rising to 1000+ on: June 20, 2011, 05:53:47 AM
The economic theory of linear regression always holds true, and the data never lies.
613  Bitcoin / Bitcoin Discussion / Re: What have we all learnt from the Mt Gox incident? on: June 20, 2011, 05:51:29 AM
Trading decentralized currency at a centralized site is one of the funniest things ever. I've been part of this, but it's still really funny.
614  Economy / Economics / Re: ipv4coin - a new concept on: June 20, 2011, 05:36:14 AM
The advantage is that you would give money to the persons that know how to use it! http://en.wikipedia.org/wiki/List_of_assigned_/8_IPv4_address_blocks . Some examples of 24 million block richs: IBM (9.0.0.0/8), AT&T, Ford, Apple, HP, the Department of Defense (military always need money, and they have 11 Type A blocks...) Plus I'm quite sure MS has many IPs... Money isn't good for poors!

Those same people could buy thousands of video cards and set them up.

Also, if they did make that many coins, they'd have to actually use them or else it was pointless.  It would be great if AT&T, Ford, Apple, HP, and the Department of Defense all participated in this economy. That would make the value increase.
615  Economy / Economics / Re: ipv4coin - a new concept on: June 20, 2011, 05:30:36 AM
I was thinking of a system like Bitcoin except with ipv4 addresses. So you get a block for every unique ip address you add to the system. So if you go to 10 different places with Internet connections and log in, you get 10 blocks, but ONLY if you're the first. Anyone new to this would get a block right away, unlike Bitcoin. This could be in addition to mining. What do you guys think?

So botnets get 10,000 blocks? Great idea!

Yes. The couple of people with botnets get that many blocks.
What's the advantage of this over mining?

It provides another avenue to get coins, such as going to lots of different Wifi locations or using VPNs, different 3G devices, etc. Also newcomers can start out with coins. There's a limited number of ipv4 addresses so I think it could work out. The mining rate (difficulty) could be adjusted to a new rate, the ipv4 introduction rate, so that it's fair. Or maybe instead of this, make the yield in coins from new ipv4 addresses calibrate to this rate.
616  Economy / Economics / Re: ipv4coin - a new concept on: June 20, 2011, 05:26:02 AM
I was thinking of a system like Bitcoin except with ipv4 addresses. So you get a block for every unique ip address you add to the system. So if you go to 10 different places with Internet connections and log in, you get 10 blocks, but ONLY if you're the first. Anyone new to this would get a block right away, unlike Bitcoin. This could be in addition to mining. What do you guys think?

So botnets get 10,000 blocks? Great idea!

Yes. The couple of people with botnets get that many blocks.
617  Economy / Economics / ipv4coin - a new concept on: June 20, 2011, 05:23:01 AM
I was thinking of a system like Bitcoin except with ipv4 addresses. So you get a block for every unique ip address you add to the system. So if you go to 10 different places with Internet connections and log in, you get 10 blocks, but ONLY if you're the first. Anyone new to this would get a block right away, unlike Bitcoin or Namecoin. This could be in addition to mining. What do you guys think?
618  Bitcoin / Bitcoin Discussion / Re: Everyone stop panicking and read this on: June 20, 2011, 04:58:42 AM
+1
619  Economy / Economics / Re: Rollback is BS on: June 20, 2011, 04:54:04 AM
Any libertarian in good standing would take him private army to Japan and start asking some questions.
620  Economy / Economics / Re: The upside to the MtGox hax on: June 20, 2011, 04:48:47 AM
This will most certainly make them reassess their site security (though I suspect this was already something they were doing prior to this latest incident).

MtGox needs to be made secure as any site can be. It needs to employ the latest web security technology and needs to be run by experts in the field. Its not like MtGox doesnt have the funding to be able to do this either so there's no excuses.

This incident I believe is being handled well by the site owner/s. At the end of the day it will be 'business as usual' and no-one (including those who seemed to temporarily gain from this scammers actions) will be any the worse off.

I'll be allowing MtGox some more time to harden their security. These things take time. Im sure neither they nor anyone else remotely interested in Bitcoin could have foreseen the growth explosion that was about to occur just a couple of months ago. I also think people expecting MtGox to have been prepared and able to defend against experienced hackers is unreasonable. MtGox knows it unreasonable which I suspect is why put the maximum $1000/day withdrawal limit in place - just in case something like this should happen. But I wont be waiting forever. MtGox needs to act and act fast if traders are to maintain any level of confidence in their site. To not act will result in huge financial loss and others will pick up the ball and do what is required to secure traders against this type of attack. For now I'll let MtGox run with the ball - its their call as to where they and we go from here.

+1

Fast exponential growth is very difficult to deal with, especially cleanly.

It's like "You're no longer a sergeant. You're now a general. Now go!"
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