The problem with securing the wallet on Windows is that you have to secure Windows as well, or all your efforts are in vain. I despair of ever seeing a day when the average Windows user has a reasonably secure, virus-free computer. (Hey, you, you aren't average. Stuff it.)
Dang... I was just about to comment that a properly set-up window 7 x64, using limited privilege user, and efs for private data can be very secure. |
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botnet is MUCH more valuable than being used for mining bitcoin. Using botnet for mining coins is stupid and asking to get caught. Running a contract DDOS business is much more profitable.
Yep: "It's the opportunity cost baby!"  |
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8 connections is normal... sounds like the peer that you are connected to only has 130K blocks.
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what a junk poll... junk post, junk user unemployed
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In the long run... this is a mutually assured destruction. As the owner of the first transaction will just make a new competing transaction with higher fees than the doubble spend... If this is an automated process, very quickly the frees reach 100% of the transaction. This is a good tool to make as an disincentive of stealing coins (where you want to stop the thief to have any coins).
Not such a good attack to a shop, as the shop will implement a system that automatically increases the fee until 100%. (and bans the customer). The person trying to get the coins back will loose 100% also.
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MagicalTux,
As a bitcoin member that has dealt with you before, I want to say that over time you have built up my trust.
I want to offer you my support for to help make MtGox great again!
Please know that many of the older members of this community are here to support you and appreciate the tireless work that you put into the success of bitcoin.
Best of Luck, and Godspeed
da2ce7
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@FreeMoney, I really like this idea... the bad guy must both steal the coins AND put in a massive transaction fee.
Whomever owns the wallet will put the transaction fee up to 100% before letting the adversary keep the coins. It would be reasonable (and rational) that the owner of the coins could put the fee at 120% or more.
You could even have code that automatically detects an unauthorized spend and creates a transaction of a higher fee automatically to a new address. The adversity will automatically rise the fee also... so the fee will quickly get to 100% / 100%
This will kill much the incentive for stealing somebodies btc.
Problem... make a new transaction after paying somebody... That has a fee higher fee. Means that double spends are easy.
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Open Transactions is the single most important thing that the bitcoin community needs to adopt to be successful. Where bitcoin deals with global 'value' and is good as a standard... The area where we fall-down is in personal trust based transactions.
I have been a long supporter of OT (Open Transactions), and plan to release software based upon it.
OT isn't a easy concept to get your around your head... however once you 'work it out' it changes your prospective of how finance should be done.
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All hail the creative destruction of a free market.
But sometimes the free-market will save also... as suddenly those who make good sites are at a competitive advantage. |
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If the police are involved, then a case number should be provided...
1. I do not trust the police. 2. Nobody forced anyone to use MtGox! The issue here is the one between MtGox and the hacker... Maybe you should go: "Oh I was really stupid. I used a fucking weak password, and I put all my money in one place, I must be a genius!" |
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I am not advocating forceful dissolution. I am only caimpaigning that others don't use it and have it dissolve from said boycott.
I plan to continue using MtGox... MagicalTux has been nothing more than completely impeccable with my dealings. |
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Arresting people serves a purpose. So that they can post or be denied bail. In this situation the risk for damage should encourage a judge to deny bail. The total amount of potential hardship that he can inflict is in the 10m+ dollar range. If he is allowed bail, all of your money is at risk. At this point all hardware associated with MtGox should be seized and he should be confined to prison until trial.
People who believe that MtGox should set the rules and become law are delusional religious crackheads.
You are evil. |
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It is peoples fair choice if they choose to use MTGox after this... If you forceful dissolve MTGox you are forcing people who might want to freely choose to use it not to.
In other words, you say that you can make a better choice than me where I should place my money. So you are evil.
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Everyone has become so malicious. The hate that people are typing is revolting. NO BODY forced anyone to use MtGox! It was their own fair choice. Their own fair risk.
I would ask that people give MagicalTux a break... He has been doing a wonderful job considering. I would ask you also to stop making judgements with no evidence.
However, this forum has become a troll pit. Where people just say the most hateful and non-productive things, 'just because they can.'
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the mistake I made here apparently was trying to actually discuss the idea instead of the usual "go f... yourself and your idea" answer you get on this board.
No... the mistake that you have made is not doing any research before your posted... Not searching the forum for the 1000 other threads that is topic has already been debated to death with. Everyday... we get the same people declaring the same 'arguments' and the same 'solutions' to the said problems of the deflationary spiral... lack of demurrage, hoarding, no inflation. These come from a key lack of understanding about the natural differences between debt based money or asset based. Both viewpoints are covered in the wiki article: https://en.bitcoin.it/wiki/Deflationary_spiralHowever, I always believe that a non-deflationary currency will always be at an economic disadvantage to the deflationary one. As the deflationary currency will be more attractive. Upon market saturation... the change of the fixed amount currencies value will be in DIRECT RELATIONSHIP with the change of the total economy size... This is extremely healthy, as only very profitable ventures will get money. Inflation based currencies (esp debt based ones), create an artificial demand for growth. Causing most of the world's problems... unsustainable growth is unsustainable. Only linear growth can be sustainable. Exponential growth, will always end in disaster. |
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Trolling how-to for bitcoin forum: 1. Show why hoarding is bad for debt based fiat currencies. (aka deflationary spiral) 2. Show that both debt based fiat currencies, gold and bitcoin are money. 3.  4. Hoarding must be bad for all types of money! 5. We need to change bitcoin so people don't hoard it!!!! |
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Trolling how-to for bitcoin forum: 1. Show why hoarding is bad for debt based fiat currencies. 2. Show that both debt based fiat currencies, gold and bitcoin are money. 3. 4. Hoarding must be bad for all types of money! 6. We need to change bitcoin so people don't hoard it!!!! |
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MaDDDog, is a Mad Dog Troll  |
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