This puzzle is very strange. If it's for measuring the world's brute forcing capacity, 161-256 are just a waste (RIPEMD160 entropy is filled by 160, and by all of P2PKH Bitcoin). The puzzle creator could improve the puzzle's utility without bringing in any extra funds from outside - just spend 161-256 across to the unsolved portion 51-160, and roughly treble the puzzle's content density.
You're saying the right thing (about entropy), but you do not think it through to the end. The 161-256 are already (as collisions) in the 1-160 search space. So for the puzzle creator there's no need to do anything. :-) Rico What we can say with respect to these two posts: Between 2 0 and 2 50 there were 50 - 0 = 50 bounties found. Somewhere between 2 50 and 2 51 there is at least one bounty. Somewhere between 2 51 and 2 52 there is at least one bounty. Etc. If every single private key between 2 0 and 2 50 was not tried then there is a (small) possibility that you might have missed another bounty. Assuming no bounties were missed due to leaving holes in the search space between 2 0 and 2 50 then between 2 50 and 2 160, instead of only 160 - 50 = 110 bounties there are 256 - 50 = 206 bounties. So, once you find one bounty in a search space (2 50 ... 2 51 for example) you really should search the entire remaining space to see if there is a second (aliased) larger bounty! You will be able to very easily see if you find an "extra" bounty in a range before the expected bounty because the bounty will be much larger than expected. However if you happen to find the expected bounty and then skip to the next range there is a chance you will miss a larger bounty in the remainder of the range. |
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So, you have owned this account since August 31, 2014 and you still have not found a partner willing to sell you $1.5k in BTC per day? That would be sad and pathetic.
Or, you just bought this account (yesterday was it?) and you are trying not to look like a noob PP scammer?
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Is there any sense to letting forks live side-by-side for awhile? Naturally the transactions in each fork would need to be unrelated. Eventually we would need a block bringing forks back together when the history of transactions begin to intersect.
More dreaming.
It is not technically possible to merge two entirely different block chains back together again. Just think about the block reward subsidy. In each block chain the subsidy for the blocks were give out to two entirely different miners. One of the chains must be totally dropped and the miners on the losing chain get nothing - the miners on the winning chain get all the block rewards they earned during the construction of the winning chain. |
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Are mixers really useful for large volumes?
This small amount of Bitcoins would be easy to mix. From BitMixer FAQ: We have a large Bitcoin reserve in our mixer (currently 2100.27 BTC), so you do not need to wait for other users to send coins to be mixed. Your coin mixing will be processed instantly as soon as we have received your funds. To prevent advanced time-based analysis of your blockchain transactions, you may set a time delay for every forward address to receive the BTC. We will then send your coins according to the time delays you have specified. |
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but for stolen btc we can have refund?
They are refunding all the stolen BTC. Do you own any Alitin coins that had the BTC stolen from them? If so, contact Alitin directly and they will get you a refund. Read the OP of this thread: https://bitcointalk.org/index.php?topic=1815933.0 |
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Only if he's dumb enough to cash out.
Blockchain analysis shows the coins were immediately sent through a mixer so the thief could have pretty easily cashed out by now. |
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You can quote this all you want but it doesn't state his intentions. That's why the debate exists.
Does this speak to his intentions? Forgot to add the good part about micropayments. While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.
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I believe that address is part of the mixer process. All of the coins were placed into a mixer and the thief got new (untainted) BTC a long time ago. All of the stolen coins will eventually be mixed and given out to other customers of the mixer who are not the thief. So following the coins will not lead you to the thief.
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Bullshit. It serves the purpose of allowing more transactions to occur on the blockchain per unit time. Whether or not that is something you desire is irrelevant.
There is no significant and especially unique solution that provides or problem it solves. Its a tacit assumption that the introduction of a "better" medium of exchange solves something. Yes, I believe you have hit the nail on the head here. The reason many people have a hard time with all of this is because they have believed for many years that Bitcoin is solving a problem in the world by becoming a medium of exchange. We are talking years of writing, posts, belief, momentum, etc. It is very hard for people with this amount of investment in the idea of Bitcoin as a future medium of exchange, including myself, to even temporarily consider the possibility that it may be more expedient to not expand the utility of Bitcoin as a medium of exchange. Personally, what I have done is to temporarily suspend my belief that is must become a widely accepted medium of exchange long enough to see what you are talking about. What we have been talking about here, long before you showed up is: Bitcoin -> wider acceptance -> higher TPS -> price stability -> take on the banks -> etc. The ideas you have presented in this thread are revolutionary given the collective closely held belief systems of the entire Bitcoin community. |
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I think David Rabahy's comments illustrate a problem with OP's postulated scenario.
Individuals don't want to hold something that is fixed in value. They would rather hold something that appreciates in value. And markets are merely collections of individuals. As such, market forces will not conspire to make all monies asymptotically approach stable value, as long a there is an alternative available that appreciates in value. If indeed market forces will drive all monies to approach some prototype. The market forces in such a scenario would conspire to make all monies approach that other value-increasing alternative.
1) I am not wrong, and its Nash's postulate. 2) You have contradicted yourself by admitting the truth of this. 3) The reason bitcoin has value as a gold is because our money systems are instable DUCY this is relevant? Nash spoke of Ideal Money, and Nash spoke of some other nearly stable money that would through market forces gradually force other moneys to approach its qualities. The idea that Bitcoin be this other alternative is not Nash's. I think the idea here presented is that Nash never mentioned Bitcoin by name but he did describe it by all its attributes so closely that traincarswreck asserts that he was talking about Bitcoin. Like if it smells like Bitcoin, tastes like Bitcoin, feels like Bitcoin, sounds like Bitcoin, looks like Bitcoin, well it .... Your assertion that he might as well have been talking about any crypto that has all the same "gold like" properties (Litecoin, and many others) is well taken, however the economy has singled out Bitcoin as the one to notice relative to all the other alt coins. |
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Bitcoin is not only predictable at the current state, but it will have a ZERO deflation rate from 2140 on until forever. Fees will then be the only reason for miners to support the network and this will end up in a near production cost (energy) value, which still makes Bitcoin a candidate for a pretty close - or even better, because decentralized - concept of Ideal Money.
I don't see any of the current governments able to create some sort of Ideal Money anytime soon. This probably could only be created by a world government, which might not have a reason to do so, because they could simply prohibid any other competitor to their own currency.
Your use of the term "Ideal Money" does not match the use of that term in this thread. That is why you are confused. You think when we say "Ideal Money" we are saying some subjective notion of what is "ideal money" to you. That is not the case. "Ideal Money" in this thread means a very specific mathematically defined term, kind of like "perfect circle". |
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Bitcoin is not only predictable at the current state, but it will have a ZERO deflation
You don't know what the word deflation means. You still think that Nash was Satoshi Nakamoto? Up thread, answer, no. |
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So a handful of people have been repaid the 2 BTC that was stolen from you. That's great, but you are still out hundreds of $'s in premium that you paid for your coin. Meanwhile the physical bitcoin industry is left with a black eye over this event, and will likely discourage people buying funded coins from the many competent makers out there.
We still have zero answers as far as how this could have happened, how many were impacted, and whether the rest of the keys are vulnerable. This is either blatant theft, or criminal negligence. Either way, the last thing you guys should be doing is praising these people.
For Alitin, this seems like a great way to spend $20-30K in good will making a few active collectors happy while riding off in the sunset with $100K+ in stolen bitcoins.
I had attempted to get the FULL refund for coin paid. And, they refused. And, I was the one who noticed the funds stolen and notified them of this. I guess I'm the bad guy again reporting this to them and ruining their reputation.   It's rather pathetic that it was stolen by an "insider" and I get only "face value" back. Yes, I got something. I'm happy for that. But, we still don't know what happened and afraid we may never know... I feel very happy/lucky to get my BTC back and I also got to keep the silver coin, which is still a work of art. As we all know usually the outcome is that everyone gets shafted and never sees their BTC again. That has happened to me many times to the tune of a lot of BTC. To have a business, who has already closed up shop due to lack of sales, come back and even try to make things right is a breath of fresh air in this cesspool of scammers that gravitate to Bitcoin. BTW I am not praising their security measures - they most obviously sucked at that. What I am praising is their response to the theft. It has been wonderful. Light years ahead of the next best response that I personally endured - Bitfinex "spreading the pain" among all their customers. Now, to be fair, Bitfinex is paying us all back over time out of their profits and own pockets and I appreciate that. But here we have an immediate response and and immediate settlement. Totally cool. |
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Btw. Bitcoin is here, real and now.
Ideal money is not and it will not be anytime soon. At least not until we have a one world government.
I do not believe you need a one world government or even one winner in the battle for the most ideal money. We can have many different governments using a probably smaller set of currencies all competing with each other to be the most ideal currency. There might be a single winner that wipes out all the other currencies but I don't think that is a foregone conclusion. |
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Oh, ok. Good luck with that. Trying to force the government or really the central banks, e.g. the Fed, into certain monetary policies like trying make their fiat currencies approach Nash's ideal is ok with me. Not sure how that will go but please go right ahead and try.
How close (approaching asymptotically or otherwise) must a currency be to ideal to be called ideal? Once it is deemed ideal then what? If it ever moves again then it wasn't actually ideal, was it?
The reason I am still in this thread is that the theory is that we don't have to force the governments/central banks to do anything. The theory is that market forces will do the forcing for us. I like that because it does not rely on us getting them to do anything - that is never going to happen, ever. So "ideal money" is money that perfectly accounts for the economy and maintains this accounting without gaining or losing value relative to the economy (no inflation or deflation). Perfection here is not possible. Bitcoin will always be gaining in value but at a predictable enough rate due to its design. This behavior, through market forces, will force all the inflationary fiat money to asymptotically approach "ideal money" while always being inflationary with an inflation rate approaching but never quite becoming 0%. All fiat currencies will have a choice to either become honest money or die at the hands of the existence of honest money. We end up with one money for saving with a low transaction rate and one money for day to day transactions with a high transaction rate - is how I understand it. |
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"Privately contacting customers".......... the shadiness continues.
What the hell are you talking about? How would they publicly contact all their customers? Are you expecting them to make all their customer contact information public? Are you expecting them to give you copies of all of their correspondence with all of their customers? And most likely will claim that XX amount of customers never responded back, etc.... less payback for them......
What in their behaviour so far has indicated any of this? I understand you are jaded. Most Bitcoin companies are fly by night operators and many of them are outright scams. It looks like you personally may have scars in this area. Give them a chance? Hope they make all of the repayment transactions public...
Again what the hell are you asking for here? You want them to make all their refund transaction public to satisfy your curiosity? Is this to be done against their customers wills? I and others who want to will make our transactions public. It would be WRONG to make all of them public against the wishes of their customers who do not want their transactions public. Still waiting for that public address list......  This is also a customer privacy issue. Some of their customers may not want the address on their coins to be publicly known. It would be WRONG to do this without their customer's permission. |
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AlitinMint said: "we will offer this refund until April 5, 2017. After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
Really? You're at fault and you set a very short window to claim. There are probably only 4-5 people who have claimed at this point. That's ridiculous! Have you notified ALL of the owners? How many have you contacted??? Are you ever going to release a number of coins affected??? I believe they are contacting all the people on their customer list. Some of them may have been sold. They can try to track down the new owners as best they can by asking who the coin was sold to but some of those trails may lead to dead ends. Personally I think that's plenty of time. They messed up but like we've seen a hundred times in crypto, they aren't obligated to pay anyone back, they are doing so for reputation and courtesy. Lol, wait so if i steal hundreds of thousands of dollars worth of bitcoin, im under no obligation to give it back other than by courtesy. So these guys now should be praised , wtf has this come to.... People who tucked these away for their kids will be quite shocked when everyone gets around to checking these. Being out of business for 2 years i wouldnt be checking their website. Should i check casascius website every month now just in case They have the contact information for all of their customers. They are contacting their customers and refunding the BTC that were stolen. How do I know this? Because they refunded the BTC to me personally - as I have posted. They are doing everything in their power to make this right. They immediately admitted they screwed up and immediately set about making it right. They should be praised for doing the right thing. What is your problem? Did you lose a lot of Bitcoin in this theft? |
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