Attacker flooding the server had IP 69.72.189.147
Glove's are off for that botnet bastard now.  |
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Have any of the pool operators discussed adopting this method?
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[Tycho]
good job on keeping deepbit.net firing, seems like you are the biggest for now ... just wondering if deepbit has guards against the ddos attack that has befallen slushes pool yesterday?
ciao,
moa
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This is the highest it is going to get for awhile. It cannot be sustained above 1.10 for too long. I recommend you sell and profit while you still can. There hasn't been that big of an increase in adoption since the inception of this rally.
That's a lot of statements of fact. On what data are you basing your analysis? The only thing(s) required for a sustained increase in the price of Bitcoins (relative to the dollar) is an increase in the demand for Bitcoins, decrease in the demand for the dollar, or increase in supply of the dollar. I think you guys are putting way too many factors into play. This is not due to dollar weakening or oil price spikes. Almost all of this rise is due to speculation. BitCoins are not terribly useful right now to most people. There is pretty much very little reason to buy them with cash in terms of being useful. It's all about people who think they *might* be useful in the future. The BitCoin economy is super small. 6 million bitcoins at $1.15 each is nothing but a drop in the bucket. If even one minor industry started even having one minor player start use bitcoins heavily, the value skyrockets. Why? Because there aren't enough compared to the amount of cash people need to inject into it. But since its all speculative, it requires people absorbing the supply being mined each day and then sold. So far, it's been happening. You could buy out all the supply of mtgox for under $50k. That's a tiny market. There are speculators right now buying stuff, but not too much to rise the price too much. No one is buying to hedge against 15% increases in energy prices or 15% falls in the dollar. People are gambling that their $100 or $1000 they put into BitCoin turns out to be a 20x investment or more. And if one valid use pops up, 20x will be the minimum. I think you are under estimating the current, real-world usefulness bitcoin already has to a certain sector of society, black and grey markets. It maybe difficult and tricky but it is getting better and already better than some of the alternatives ..... while this demand exists there will be 'real trade' floor under the market that is not speculative. |
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Vigilante justice is my preference ... botnets have a centralised structure so they too are vulnerable, once you find them.
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Please don't use this for nefarious purposes.  Well duh. You just handed the botnetters a bitcoin miner on a platter ... just call it botcoin miner and be done with it. |
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Done, and in latest builds. Cute, interesting too. Also could be useful as a mode for transferring addresses inside plain text documents that can escape searches looking for/tracing bitcoin addresses ... hiding in plain sight. |
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Since I've first heard of bitcoin I've been facinated by the idea and the project. One of the most appealing qualities is it's potential both the long and short term. If all it is ever going to be is a way for hackers to tip their favorite cartoonist, that's great. If it turns out to be a large scale tool to protect the privacy of individuals against totalitarian governments and other large organizations, it is great. If it turns out to be a workaround to cope with central banks massively devaluing their currency, that would be wonderful.
# Malware unrelated to bitcoin could extract the relevant contents of wallet.dat and steal the money. Protecting the wallet with a good symmetric crypto would manage some of this risk, but I think that it would be advisable to have wallets with nontrivial amounts of bitcoins associated with them on removable media such as USB drives.
/noa
Securing the wallets on local machine ... yep, it needs some serious looking at ... 'deleted' copies of wallets and fragments are probably being left lying around all over the place. It will take some really tight low-level file/memory management to make it bullet-proof, probably be quite high commercial demand for some top-shelf wallet management s/ware also. |
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Well if it is this botnet bastard, that is stealing millions of peoples computational power and electricity, then they deserve everything that is coming towards them.
They definitely have an incentive and the scruples required (none) to attack a pool(s), ddos or however, when they bring the botnet online.
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Somebody had a little script that would automatically switch to another pool if the main pool was down for some time ...
deepbit.net is almost as big as slush ...
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You seem pretty heavily invested in this Chinese Bitcoin Patriot Edition fantasy scenario thing you got going on here ... it is pretty far out there as an attack mode and I don't think you have actually pointed to a possible technical remedy that could be implemented ... do you have any other point besides "I don't think it can work because ..." .... ?
Meandering through the politics, implications, permutations of money will take up a lifetime but at some point the rubber has got to hit the road, that's bitcoin right now.
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I agree, most of the BTC-money exchanger fees are complete rip-offs. At present, they have a first mover advantage so can charge whatever the hell they like and they do. Some more competition is sorely needed in this area, but it will come.
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I wonder with a $5,000 of investment and solar panels included, if one can make solid $1,000 per month. that would be pretty solid 1:5 investment! Now I apologies, I thought the MSRP was 400 USD So, yes, it is safer to just buy Bitcoins, right now with are 0.01 USD over the maximum historical of about 3 months ago. The volume looks high and there are more bids than asks. We might rally to 1.5 USD or go down to 0.95 USD. take your pick.  Well I can tell you that solar power is not cheap, when equipment amortisation is properly accounted for, why else would it need subsidies to compete with grid power (coal, gas, oil, nukes)? Grid power will be cheaper than solar in most places, unless you put a lot of personal effort into the installation and build but your own time is money also ... |
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Why is it so damn hard to get BC? Because it is real money. Have you ever tried to buy gold bullion? |
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Monday morning missile ... this thing got legs.
Has ploughed through a wall of stale old sells all weekend and still the bid volume is perking up .... reality re-adjustment imminent imho.
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All that would only accomplish the creation of a forked block chain. They would be better off just starting their own chain from scratch, then they wouldn't have to muck about with all the subterfuge and just set the thing up the way they want from the beginning.
In the scenario there is already a booming Bitcoin economy and they want to control it. By gradually taking over the system they preserve the existing Bitcoin economy without disruption. If you had a balance of 10 BTC which you could use to buy a Netbook at Fry's one day, you'd still have that the next day and the same transaction would still work. There would be a fork but the 'winning' fork for most people would be the one controlled by China. You an I have a different definition of "winning" clearly. The ones on the China patriot net just won a crap sandwich in my opinion. The ones of the new network fork get all the benefits of the original bitcoin and can probably switch anonymously between the two via Tor like capabilities anyways ... try again G-man. |
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The world currencies are not quite yet obsolete. a stepping stone or bridge is required to link the old system to the new system , gradually introducing new people. The problem i see is that those who control the old system also control the network machines/card readers at point of sale, so for now bitcoins must be able to be converted to mastercard or visa using them as this bridge. a bitcoin exchange company could be set up that issues all of its members with a pre paid visa/mastercard. in much the same way as a company issues each of it's employees with one to pay wages and or expenses. mutltiple cards linked to one account. if this company start up trusts bitcoin and issued these cards the problem would be solved. as anyone wanting exchange or there card topped up could send bitcoin to it in any amount from any country.use somthimg like this http://www.cashpassport.com/Snap, already got it .... https://www.bitcoin2cc.com/ |
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Sounds good.
Bitcoin2 will be an exclusive product for the connoisseurs of crypto-currency who wish to escape the grasping clutches of the state, yet again.
Those who are a step ahead, will always be a step ahead. G-men parasites should just give up already..
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You need bitcoin dealers who deal with national currencies and can transmit money to other countries. The problem is, we're very dispersed so it's actually hard to setup a network of bitcoin cash dealers so it is hard to set up these kind of things. That way you can set up a peer to peer network of currency exchangers.
The exchanger network is sophisticated and established, although most today deal with WebMoney, Liberty Reserve, c-Gold, Pecunix, gBullion, etc, etc. It is only a matter of market demand before the leading ones add bitcoin. They are already localised for their regional focus into and out of some national currencies. I would estimate that there are over 2,000 digital currency exchangers in the world today. This is a valid point, essentially Bitcoin is an Internet currency and knows no borders or is location agnostic, unlike any other national currency. To make it useful and easy for international transfers, including a 'last mile' step in/out of local currencies it may be as simple as single piece of application s/ware. An app. that any of the local exchanges can run and use to verify that a currency transfer has taken place with a partnered exchange on the other side of the globe running the same app. Hmmmm .... may not be that difficult. |
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0.9 microbitcoins is much easier to pronounce and pick up on. Consumers already use this when they speak of RAM and hard disk space in megabytes and gigabytes. IT corporations teaches them similar concepts. IT corporations don't say this computer has 2,147,483,648 bytes of RAM. They say this computer has 2 gigabytes of RAM because it is way easier to communicate across to the consumer.
Your example with RAM is wrong in the sense that it is on the other side of the decimal point, kilos, megas and gigas not millis, micros and nanos .... I'm struggling to think of a common usage of terms over many orders of magnitude on the right of the decimal point ... ppm and ppb. The easiest way out of all this is to give a name, any name, to the smallest denomination, BTC 1e-08 = 1 Satoshi, and then go up from there .... upwards in orders of magnitude is much more familiar and commonly used than downwards. e.g; 100 million satoshis = 1 BTC 10 million sts = 0.1 BTC 1 million sts = 0.01 BTC 100 thousand sts = 0.001 BTC 10 thousand sts = 0.000 1 BTC 1 thousand sts = 0.000 01 BTC 1 hundred sts = 0.000 001 BTC 10 sts = 0.000 000 1 BTC 1 sts = 0.000 000 01 BTC I bet you 100 million sts it works out something like this. |
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