I'm shocked that there are still retards who sing the same song " Merchants accepting bitcoins will drive its value down"
When will these retards learn that more merchants = buying power = increase btc value. Ppl spend their btc is the same as they're selling btc to fiat to spend on goods or services. but yet i dont see these retards blame btc exchanges for that.
Fcking mind blowing material there OP.
PS. these retards usually also wish salaries should be paid in btc so thats would "push" btc value without knowing that ppl who wish to have btc can always buy them with their fiat. Its an open market. Do these retards ever think the employees will just "dump" those btc to receive fiat if they dont want bitcoin in the first place?
Again, someppl are just too fcking dumb to even see shit on their plates.
Don't confuse price with value. Value goes up as more merchants adopt it, price may or may not going down due to selling pressure. I for one encourage merchant adoption as phase 2 (phase 1 is innovators), phase 3 is consumer adoption (now that they have places to spend it). Expect price to decrease before it skyrockets. At 2-3% consumer adoption we will be headed to the moon. |
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this really doesn't look good.
Have the bears beaten the bull out of you? |
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The way fiatleak works is not actually new fiat coming into bitcoin, its just the bitcoin trades for fiat. For example if a person A on OKcoin buys $1 (or CNY) of bitcoin from person B, then 10 minutes later sells that $1 of bitcoin back to person B. Fiat leak shows $2 of bitcoin being bought, when really no new fiat needed to enter OKcoin for those trades.
Anytime bitcoin trading volume is low, even person A->B->A->B, then fiatleak numbers will automatically come down.
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Why couldn't a person just use PGP?
Could you explain the process you're invisioning? |
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I don't see how you would need two sites to be compromised in order for a MITM attack to be successful. If for example someone is sending payment information you could change the payment address.
The most commonly reason for people to encrypt messages is because they are sending sensitive information (things like private keys, passwords, ect). You would not need any context or to know either of the parties speaking to each-other in order to do damage.
I also think your price is somewhat high, but I guess the appropriate price for this kind of service is up to the free market.
I'm not talking about MITM attacks, that can happen when you use anything to transfer data. Even BTCTalk could change payment addresses when you send a PM. I'm also not talking about storing private keys or passwords. My service unlinks the connection between what was purchased and where it was sent. If my website gets hacked or overtaken by the NSA they don't know what was sent to that address. If the auction site gets hacked, they don't know where the product was sent. Do you see the protection? |
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Assuming that a site doesn't keep PM backups as part of their normal DB backups also requires trust. Sending a PM is also subject to MITM attacks. If you create a new private PGP key and securely get it to your other party each time you attempt to send private info your definitely doing a good job.....but I think most transactions don't happen this way.
I offer an easy solution to the problem whereby you now need at least two malicious websites or both sites to be hacked at the same time in order to get your private info.
Even if I maliciously stored the info unencrypted I wouldn't know who left the message or who its recipient was and I wouldn't know the context nor meaning of the info etc
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It sounds like your site would be controlling the private encryption keys, which the security minded generally will not like.
I also don't get how your service will delete a message after three failed attempts. Is this essentially saying the message will be deleted after you try to login three times unsuccessfully?
I would think that people would be more willing to use simply PGP encryption (with the agreement that messages will be deleted after they are read).
The password you choose and a random salt creates the encryption key which is not stored. The system rewrites the encrypted data and then deletes it after 3 unsuccessful decryption attempts. Deleting some PGP info from your PMs means nothing since most websites never truly delete anything. Ask theymos to recover your very first deleted PM, its all still there. Or like silk road, if they did actually never truly delete transaction info then the NSA FBI etc now have all of those users data. I'm providing an additional layer of protection for people instead of just PMing private info Without your password there is no way to decrypt the information. If you have 0.0015 bitcoin to spare I suggest trying it out |
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About 6 more days and we may have a negative MACD. Low $300's may be incoming
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DestroMemo.comI would like to introduce you guys to DestroMemo.com. DestroMemo.com allows you to store encrypted messages that will be destroyed after 1 successful view or 3 incorrect decryption attempts with plans to add more features in the future. PurposeI have noticed that many websites tend to keep private information stored in their database or in backups of the databases for a VERY long time. The problem here is that if your forum account or website ever gets hacked then the hackers now have the information regarding BOTH what you purchased AND your address that it was sent to. This is also true for many online marketplaces, such as anonymous versions of eBay. Also if the NSA or other government entity ever gains control over or hacks these sites, once again that private information is readily available to them. My service allows you to disconnect the link from what you are discussing/purchasing on the forums and the private information that you would like to give to the other forum/marketplace member. Example 1: Person A wants to buy a bar of gold from Person B via an anonymous bitcoin auction site. The deal is made as normal on the auction site and then person A sends person B a DestroMemo link with the password to decrypt the message. Person B then reads the DestroMemo and sends the package to that address. Upon reading the DestroMemo it gets destroyed, never to be on the internet again. 6 months later the auction site gets hacked/raided and the hackers try to find out what address the bar of gold went to that they know Person A bought. They can see the DestroMemo link and password that Person A sent to Person B on the auction site, but when they visit DestroMemo the encrypted message no longer exists. If DestroMemo is then hacked/raided that information is still no longer available and thus there is no connection between Person A's bar of gold and the address it was sent to. I'm sure there are many other use cases for DestroMemo and I will list the most important ones as time goes on. There is only a 0.0015 Bitcoin fee ($0.50) to store your encrypted message on DestroMemo, so it is quite economical for all transactions to use it as well as whenever you want private information to only be accessible by the receiving party. All comments/suggestions are greatly welcomed!
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The fact that we are no longer seeing miners dump, even though they could book those losses at the end of the year for tax purposes, is very telling. It means that : (a) those entities are non-diversified so they don't have any positive income to claim a loss against (remember, capital income taxes are what... about 15 to 20% depending in some countries); and (b) they are refusing to sell at this price out of either stubbornness or an expectation of higher prices.
So, I'm calling it early... put on your crazy hats... bull market until February... tops out in the low to mid 500s. We all know that this is a dying fad, but, in the meantime, believe in crazy. See you all at $450 this week.
Newbie is never bullish, is this bullish?  |
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if i put in a dispute, will this prevent me from receiving money from others and then transfer to my bank account?
Putting in a dispute will stop him from being able to move the paypal money. UNLESS he is a smart scammer and used master/slave paypal account scam, in which case you might be able to still get your money back, but he will also get his money (and paypal takes a loss) PS: Next time at least use an escrow so you know that you get a card # at the very least... |
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I can escrow this transaction. I will manually add the funds to the buyers account (temp password or temp account) to make sure the code works and then release the funds. PM me if any deals are made and my assistance is desired.
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I can escrow this transaction. I will manually add the funds to the buyers account (temp password or temp account) to make sure the code works and then release the funds. PM me if any deals are made and my assistance is desired.
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I can escrow this transaction. I will manually add the funds to the buyers account (temp password or temp account) to make sure the code works and then release the funds. PM me if any deals are made and my assistance is desired.
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strongcoin.com "We are the longest running online Bitcoin wallet " interesting I've never heard of them.
I can escrow the transactions for you for a 1% fee. PM me if you arrange a sell with a buyer.
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The problem here with the escrow would be to verify that the gold sold is indeed pure gold. (and the buyer does not swap the gold with his fakes too)
Yeah well my thought process was having good pictures of the size and shape of the gold nuggets. Buyer then video unboxes to show what nuggets were sent. Then buyer has the right to keep them or pay for the shipping to have them returned to the seller if they believe/test that the gold is not real, seller then does same video unboxing to make sure that they received their exact nuggets back. |
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At the very least you'd need to add some photos with your forum name near them. Once you upload them and find a buyer I can escrow this transaction. I would require photos of the actual nugget being sold along with what you are shipping it in and a tracking number. Buyer would need video unboxing of the nuggets.
This is obviously a high risk transaction so much proof would be needed by both parties in case of any discrepancies.
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Next 24 hours are extremely critical.
I expect a dramatic price drop to at least $315.
But hey, don't listen to me. I usually get everything wrong.
You'd better trade the opposite and make profit.
Ha from my experience everytime someone said the next x y is critical, nothing ever happened  but maybe you are right of course and market will finally move somewhere, it has been kind of boring last days That's the joke. |
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3D MACD is decreasing and may become red in the next 1-2 weeks
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