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681  Bitcoin / Bitcoin Discussion / Re: Blockchain.info/wallet is the BEST Bitcoin client as-of-date. on: February 13, 2012, 11:48:40 AM
How do i quickly enter 30+ character address into this thing? Manually? Should seller send me an email so i can copy/paste it?

It looks impractical to me as a mobile phone wallet without QR reading ability.


It gives you the ability to use a simple identifier. Again, the software has interface issues.
682  Bitcoin / Bitcoin Discussion / Re: Blockchain.info/wallet is the BEST Bitcoin client as-of-date. on: February 13, 2012, 11:47:41 AM
You are contradicting yourself. You say this (which I agree with):

If we are going to bring Bitcoin to the end-user...
[...]
They do not want to be bothered with software installations...
[...]
We have to focus solely on what regular people want

But you also say this:

There's the method of not using a compromised device and not making it probable for your device to be compromised in the first place.
[...]
Maybe this wallet isn't for morons.

Regular people aren't interested in computers so they don't know how to keep it safe, and they shouldn't have to bother with it. You said it yourself, "they do not want to be bothered with software installations". How do you expect them to keep their computer safe if they shouldn't even be bothered with installing software?


You make things safe without requiring software installations. No contradiction.
683  Economy / Speculation / Re: SilkRoad Issues, BitServ Down, BitScalper Down = Bitcoin Going Down on: February 13, 2012, 05:38:36 AM
You mean buy?
Buy high and sell low.
684  Economy / Speculation / SilkRoad Issues, BitServ Down, BitScalper Down = Bitcoin Going Down on: February 13, 2012, 05:30:14 AM
Sell while you still can.
685  Economy / Speculation / Re: stop is * time on: February 13, 2012, 04:51:39 AM
There's more incentive for it to go down. I remain shorted.
686  Economy / Speculation / Re: Last chance! Get your cheap bitcoins now! on: February 13, 2012, 04:43:32 AM
Desperation. Hah.
687  Economy / Speculation / Re: [Daily Speculation Poll] :: The Berlin Wall on: February 13, 2012, 04:40:27 AM
Down. The incentive is there.
688  Economy / Speculation / Re: What is the manipulator trying to do? on: February 13, 2012, 04:34:45 AM
This is going to be a long night.
689  Economy / Speculation / Re: IGNORANCE: Can you have your position auto-liquidate upon certain profit? on: February 13, 2012, 04:12:46 AM
The question is in the title. This is with Bitcoinica.
You can set up a limit buy for when the price hits the desired profit. So if you have a sell order at $5.8 and you want to make $0.80 you can set a limit buy at $5.0.
Alright, I questioned if that would work if I didn't have all of my balance in positions. Thanks.
690  Economy / Speculation / IGNORANCE: Can you have your position auto-liquidate upon certain profit? on: February 13, 2012, 04:06:51 AM
The question is in the title. This is with Bitcoinica.
691  Economy / Speculation / Re: The Shuffle has begun on: February 13, 2012, 03:41:58 AM
...but I just won it using actual information. Not blaming manipulators, counting formulas or following newsletters. I just read Twitter and forum posts. I listened to the actual people buying and selling the stuff.

https://bitcointalk.org/index.php?topic=63609.0

So you're saying you took a short position?

I hope you at least cashed out now...it'll go back up when hold is released and the wall creator is in a secure buying position.
There's a lot of incentive from other forces to have it keep going down. I diversified. I am just going to treat the wall creator like everyone else. In the end, the strongest desire always wins.
692  Economy / Speculation / Re: The Shuffle has begun on: February 13, 2012, 03:35:20 AM
It'll go down as long as bitcoinica has an asterix on the buy. Somebody wants all your leverage.

Yes, this is what Im thinking too, having the hand tighten around bitcoinica is key...  Wink

We the need the rocky theme playing right now... thats quite a narrow wall..  interesting..

Yeah, if I had the kind of buying power this person had it's exactly what I'd be doing.

Bitcoinica => Make huge bet on where the market is going
MtGox => MAKE THE MARKET GO WHERE YOU WANT
MtGox => Hold wall as close as possible because of bitcoinica's stupid algorithms
Bitcoinica => Cash out and laugh your ass off
MtGox => release hold while still laughing your ass off.

If I had the money I would be doing this instead of posting about it. Anyone who uses bitcoinica is playing a game they cannot win.

...but I just won it using actual information. Not blaming manipulators, counting formulas or following newsletters. I just read Twitter and forum posts. I listened to the actual people buying and selling the stuff.

https://bitcointalk.org/index.php?topic=63609.0
693  Economy / Speculation / Re: Expect Decline: Silkroad suffering turmoil. Paxum lowers short-term confidence. on: February 13, 2012, 03:15:10 AM
It went down from the 5.5x's to 5.18. Was I right?
694  Bitcoin / Bitcoin Discussion / Re: Blockchain.info/wallet is the BEST Bitcoin client as-of-date. on: February 13, 2012, 03:06:49 AM
How is this any more secure than any other e-wallet that actually stores the users keys?

You are still dependent on a third-party for security.  Anyone who hacks the server can just serve different JS that records the information
entered into the client and submits it somewhere, then steal all the coins.

It seems to do this securely, one would need to be able to "pin" the code that sees the passphrase.  E.g. a browser extension rather than a web page.

Moreover, just like mybitcoin and other web-wallets, if such a thing happens, there is no way you can know if the service was really hacked or the owner is just running with the coins.

tl;dr wallet security will only come if all the code that sees the passphrase is pinned and cannot be modified easily without approval from many people (e.g. the bitcoin client itself)

+∞

http://www.matasano.com/articles/javascript-cryptography/

Javascript has serious flaws but they can be fixed. If we are going to bring Bitcoin to the end-user, we need to do it through the browser. All of Bitcoin's competitors rely soley on the browser and most users aren't going to compromise on that. They do not want to be bothered with software installations for something that has been and should remain seamless all the way through.

I think people deserve the best experience when it comes to Bitcoin. Their idea of best does not entail hobbyist level, military-grade security from back-to-front when it can't even allow the user to easily understand and manage their finances; at least not more easily than what Paypal brings them.

Over-engineered security will be the end of Bitcoin. We have to focus solely on what regular people want and not our scrupulous desires that remain stuck in a hobbyist culture.
695  Other / Meta / Re: [BOUNTY: 3 BTC] Permanent Removal of Coinhunter and RealSolid from the Forums. on: February 13, 2012, 02:50:09 AM
Alright, I'll bite. Who was Atlas?
696  Bitcoin / Bitcoin Discussion / Re: Blockchain.info/wallet is the BEST Bitcoin client as-of-date. on: February 13, 2012, 02:45:24 AM
This applies to any software that can be altered at the server level. No client protects from this.

Again, the "over-engineered" multisig makes it possible. You can use separate services and/or devices for each element. A system with two or more points of failure provides much more reliability and security than one with single point of failure.


It still remains to be an overengineered solution for something that can be solved with MD5 checksums and an additional accessory.
697  Bitcoin / Bitcoin Discussion / Re: Blockchain.info/wallet is the BEST Bitcoin client as-of-date. on: February 13, 2012, 02:03:49 AM
How is this any more secure than any other e-wallet that actually stores the users keys?

You are still dependent on a third-party for security.  Anyone who hacks the server can just serve different JS that records the information
entered into the client and submits it somewhere, then steal all the coins.

It seems to do this securely, one would need to be able to "pin" the code that sees the passphrase.  E.g. a browser extension rather than a web page.

Moreover, just like mybitcoin and other web-wallets, if such a thing happens, there is no way you can know if the service was really hacked or the owner is just running with the coins.

tl;dr wallet security will only come if all the code that sees the passphrase is pinned and cannot be modified easily without approval from many people (e.g. the bitcoin client itself)
This applies to any software that can be altered at the server level. No client protects from this.

You can do an MD5 checksum of the JS if you are that paranoid.
698  Economy / Speculation / Re: How to use Bitcoinica: A Guide? on: February 13, 2012, 12:17:23 AM
I think this comes close to what you're looking for:

https://bitcointalk.org/index.php?topic=55970.0

Thanks. I'll see if I can donate something to the author.
699  Economy / Speculation / How to use Bitcoinica: A Guide? [Done] on: February 13, 2012, 12:09:33 AM
I'll pay 1 Bitcoin to the person who writes a comprehensive guide on how to use Bitcoinica, something that a person totally new to trading could learn from.

Who is interested? Of course the price is negotiable.

[Done]
700  Economy / Speculation / Re: Expect Decline: Silkroad suffering turmoil. Paxum lowers short-term confidence. on: February 12, 2012, 11:40:24 PM
I am reading some threads on the Silk Road and a lot of them are about sellers experiencing glitches in withdrawing their funds. The Paxum resignation could bring some bad psych to the mix.

Until sellers begin to be able to claim their Bitcoins and Silk Road proves to us that it is in order, we should expect a decline in Bitcoin confidence. There are unjustified rumors about Silk Road just letting Bitcoin funds roll-in and then stealing them all away in a MyBitcoin-like fashion.

We'll see what happens all in good time.

May I remind you that The Silk Road is the biggest economic market in the Bitcoin community.

Primary Source:

Quote from: Green Giant
12/02/2012 04:34:08 AM UTC - in 5hrs it will have been 72hrs since my transfer going missing, with only a reply from SR to apologies and say it will be sorted soon, this is not good enough, SR has left me stranded owing suppliers money & making me look bad to them. This is not the first time this has happened and doubt it will be the last. I have had many issues with SR in the last 2 months & this has to be the last straw,i am done with this!!

In 1-2 weeks time i am leaving SR for good, as i cannot work with my funds being held from me for 72hrs reducing in value & not knowing if i will ever even get them. it is evident from SR support's reply that they themselves can do nothing and they are waiting for DPR to come online and "sort" the situation which they claim will be tonight. the whole thing is an unprofessional joke & now many members on the forums are talking about receiving 10x the amount of BTC that they actually withdrew, WHAT THE FUCK!!!!

Whats the point in letting SR earn a commission on my sales when i don't actually get to see the BTC myself!!! DPR sort your shit out, this place has gone down hill so much, i use to like working from here now it is a chore & i hardly update my menu or list even a 1/3 of the items of have to hand.


Bullshit! Post your source.

Intuition. Do you know of any other good or service that has greater demand?

Oh, you’re using your refined sense of intuition. Well, never mind then. You have it all figured out.

I don’t know what the demand for SR is and neither do you Atlas. It’s impossible to compare the volume of an unknown quantity against something.


I assume you are talking to me?

The rain rang louder against my rooftop today than last week. It lasted a lot longer. There was certainly more rain today than the week before.

All you have to do is look at social statistics, BTC volumes and news to deduce that The Silk Road is Bitcoin's largest online market. It rings louder in these areas than other Bitcoin areas and thus likely has more Bitcoin usage.
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