if i had 200% of the loan, why would i need the loan, i would just use what i had to fund the extra, that doesnt make any sense to me,
for as you say i would give someone $10 to get a loan of $5,
that makes no sense.
The collateral (200% altcoin) would not be sold. The altcoin will be paid back to you once you repaid. If you get the BTC after sometime and you want to get back the altcoin but the price have gone up, you would have suffered a loss. It is like getting a loan with a car. If you want the car but you also need the loan, just give the car as a collateral and the money will be in your hands. You don't have to buy the car again after you get back the money and the car will be returned to you. |
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if you inspect the block chain of 12tJSyFY1KZ4dqZ29WmHQqQNoA9DsZBJtm you will see i get regular deposits there and i will be able to cover the amount i promised, if "collateral"is required, i have 6 usb block erupters miners i can put up as , however, postage alone to get them anywhere apart from my local state would be more than the cost of the loan, also i have a localbitcoin.com account https://localbitcoins.com/accounts/profile/ososober/ with 100% feedback on that account as well. so i am well and truly able to cover meet the promise of repayment and will have it repaid well before the one month as i have promised 6 USB block erupters is worth about $50~ the problem is the postage fees and if you default, it isn't easy for the borrower to acquire the Bitcoins by selling the block erupter. Frequent deposits would not mean much, the borrower have no guarantees that you would repay him by the deposits or keep them for yourself. The localBitcoin feedback does not actually mean much. |
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In your example it could also be anything that C would return to you (information) as when you login to a website when being subjected to a MITM attack, the MITM could send the same information you send to C and then forward you the information that it gets back from C until C send them (under the impression that the MTIM is you) the information they are looking for
Afaik, MITM attacks is non-trivial when communicating with end-to-end encryption. Clear text is entirely another matter, and is very risky. For example, some activists have used TOR and thought they were safe, but still rogue exit nodes were able to read e-mails sent in the clear. Many others thought the same was the case (myself included) however POODLE proved them wrong, as there is a vulnerability in certain protocols that is able to trick you into thinking that you are actually looking at a certain HTTPS site when you are in fact not I'm no expert, but is the POODLE still an issue? I would also think lots of intel agencies have groups working exactly with MITM attacks and other nefarious stuff. I don't think so. Even bitcointalk have fixed SSL3 vulnerability. New updates in browser would have them fixed. Tor have released a update fixing it long ago. But still, there may still be vulnerabilities that have yet been uncovered. |
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What's an MITM sir? Kindly elaborate it please.
MITM is Man In The Middle (attack) it intercepts your traffics with the website and have the potential to collect the information you sent to the server. If someone do an attack on you, when you surf an unencrypted webpage and key in information, the attacker can see the information. With https, it is encrypted and thus harder or even impossible to see the information. However, vulnerabilies can allow the attacker to see the information. |
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Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.
Brigitte Grisanti
Its safe if you know how to secure your wallet.. For you sir, what is the best way to secure one's wallet? Generate a offline key from a linux computer that have not touch the internet. If you don't have one, take a old computer, wipe it and get a USB drive with ubuntu and boot from it. You can create a paper wallet using this tool. Just get the whole zip file and go to your ubuntu computer and generate the private key from there by opening the html file. |
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I'm going to sound like a total BTC noob here but **** it..... I use blockchain.info as my wallet, I make regular backups when I buy BTC but..... I have a written down copy of my address I have a copy of my private key (I think it's the private key, begins with a 5 & 51 characters long, anybody?  ) If blockchain.info does a Moolah or an MtGox am I safe as I have a copy of the above? Please tell me this is all I'd need to restore my wallet balance somewhere else? It's the only fear I have, losing all my coins. I don't want to create a paper wallet but am I ok because I have the above written down in a safe place? Please somebody? The key is probably your base58 private key. Testnet's base58 private key starts with 9 and mainnet's starts with 5. It is 52 characters long so that is indeed your private key. You are alright if they shut down as you have control of your own coins. If they shutdown, just use the key and you can sent all your coins elsewhere. Every one holding your address private key have the right to move your coins to another.
So if blockchain.info have your key, they can do anything with your coins.
You should use cold wallet and move your coins to your cold wallet address. Then make sure you are the only one holding the key.
Yes, blockchain.info have your key BUT they are encrypted with your password. The source code is opensourced so you can review it yourself. AFAIK, they don't send the password to the server. When you key in your identifier, the javascript requests an encrypted copy of your private key. To decrypt the key, you have to correctly key in the password. |
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The whole bot works fine but on my console I'm seeing 429 (too many request). Profit though, so I'm alright with that.
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Possible, but not really for Bitcoin. With new phones (quad core etc.) you can try some CPUcoins for fun, but don't expect high return when people are using specialized equipment everywhere. Drains battery like hell (not good), stresses CPU, heats up the phone. Leave it. Watch out with the paid apps, I'm guessing you will never mine as much as they cost  Phones aren't designed to undergo these kind of stress. They are more for low performance and power task.High end CPU uses around 100-200 watts while high end phones use much lesser than that. Even with quad core, don't expect to earn a cent when mining for a day non stop. AFAIK, there isn't suitable apps to mine algorithm other than scrypt and SHA256. You have to build them yourself. |
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Thanks, payment confirmed recieve and positive trust left.  |
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there's profit only if you have a botnet(millions of computers under your control) mining for you on eligius ..
It isn't profitable even with millions. If eligius detects you with millions of slow connections, they would probaby suspend your account. It is still not profitable even if they don't do so. If you are talking about mining with botnet in the 2012, you would probably mine a Bitcoin a day. At current difficulty, you would be lucky to even hit 0.001 BTC a day |
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Loan amount required: 0.01 BTC
110% - 150% Collateral (if you want a sure deal): None sorry
Term length: 1 day
Interest: 5% + transaction fees.
Address: 192fqgb5aCKrjNkudGqSWR6Nuu4J8tEMB7
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The problem is tor is not 100% anonymous and secure. Zero day exploits can still leak your identity and some websites block access to Tor exit node. Try getting a few private proxy and do proxy chaining, the anonymity can be improved.
You could add vpn or several vpn's to the mix as well. Mixing TOR with a vpn is also possible. If you want absolute anonymity get yourself a black van without windows in the back, and use public wifi's from public parking lots, throw TOR into the mix, and you should be pretty anonymous. Rogue TOR exit nodes can pull MITM attacks on you as well, so look up for that and use end-to-end encryption to protect sensitive data. But first consider what level of anonymity you need and which methods you should use to achieve that. If you purchase a VPS, then set up OpenVPN and connect to that from your client, you will hide your internet traffic from your ISP and all websites you visit will only see the IP of your VPS. Still, if you do something nefarious, the traffic could be traced back to your VPS, and if there are logs, or you have registered with your name using a cc for example, it could easily be traced, and real life identity could be derived from isp by law enforcement. It all depends on what you need and what you're doing. For legitimate purposes going insane paranoid shouldn't be necessary imo. Use a cheap bulletproof host if you are afraid of them exposing you. If you visit unsecured websites with Tor, your information transferred can be seen by exit nodes. If you use VPN together with Tor, your VPN provider can still expose you if they want to. |
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The problem is tor is not 100% anonymous and secure. Zero day exploits can still leak your identity and some websites block access to Tor exit node. Try getting a few private proxy and do proxy chaining, the anonymity can be improved.
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Honestly, altcoin can help to experiment and develop new ideas that can help bitcoin. It's up to the users to determine whats worth it. Bitcoin have the most importance in cryptocurrency than any other alt coins.
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Hey guys I'm interested in buying some mining hardware, something that will actually produce a worth while amount of BTC. Electricity isn't an issue for me due to the fact I have free electric. Links to sites where I could buy them are appreciated!
Preferably no BFL as I've heard recently they are kind of fuckers.
I recommend you to buy used ASICs if you have free electricity. Pick some of those from here ( https://bitcointalk.org/index.php?board=75.0) and use escrow. Mining can take a long time to ROI but since you have free electricity, you would most likely have more chances to hit ROI and profit even more. Alternatively, the recommended way is to buy BTC from a local seller or ATM. There are lots of them around the world. |
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Amount of BTC wanted: 0.01 Optional Collateral (If you want a 100% of getting accepted): None sorry Date Of Repayment: 26 October 2014 Interest: 10% Reason: Gambling loan , 0.0125 will arrive on 26 October 2014 from my signature campaign. If I go bust or the campaign don't pay me, I can easily buy some BTC although it is a bit of a hassle. Address: 192fqgb5aCKrjNkudGqSWR6Nuu4J8tEMB7 |
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What is the cost of running a full node? on VPS?
I have mine with We Love Servers. 60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin. I could miss $2 a month to support the network. But to me it looks like centralization of bitcoin nodes. Do those nodes share the same ip address? Of so, what's the benefit of running them? Wouldn't it be better for the network if the nodes are geographically spread around the world, all using different hardware and ip addresses? Or are vps' considered "better than nothing"? In other words, what's better? A low end home server running a node or a shared centralized node on high end hardware? Nope, they do not have the same IP. However, the IP are within the same /16 block. This means that Bitcoin clients will only connect to one of the nodes running on the /16 block unless you specify that you want to connect to it, in the bitcoin.conf, add this 'addnode=IP:PORT'. Different hardware doesn't affect the node, only the geographical location. The best choice is to select a place with very little bitcoin nodes and buy a server at that country and run a node. |
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