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I did get one of my BTC loans returned to me. Must have hit someone.
Now that it is so high, time to borrow more for the big crash! Borrow borrow borrow!!!
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I'd guess that means a bot could target them with the same attack to install and update an antivirus and remove all the spam toolbars from their browser.
That is funny. A virus fighting virus attack. Maybe reset their background to a picture of the lone ranger with a message "Your system is now free from bad guys" |
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Plus watching it go every which way but loose is quite entertaining.
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I would imagine you would have to order your weed a few days prior to 4/20 to celebrate on 4/20.
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I hacked their API page. It is now gone and gives a 404 error when trying to connect.
Now give me some canadian bitcoins.
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Im looking to create a vanity address and then give it to someone else.
is there anyway to add an additional password to access the address? any way to automatically have incoming funds transfer to another address?
or the fact that i know the private key means that address is compromised forever?
I have done this for a few people. I just tell them, the two things you have to worry about are trusting me and your e-mail account that I sent it on. Usually it is just a small amount so they are not too worried. Just tell them if they want a truly secure address that you can help them do it later once they are more comfortable with how things work. |
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MtGox could also check the logs to see who consistently sells before or early into a DDOS attack and buys near the end of the attack.
They may be able to discover a pattern.
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The irony is that the anonymity of Bitcoin would likely keep us from tracking the source.
The most likely scenario is that someone who wants to buy a bunch of bitcoins or has a bunch and wants to play the market just hops onto Silk Road, finds someone with 1000 bots for rent. They pay them a couple hundred bucks in bitcoins, they get temporary control over them and start hitting MtGox. They sell their BTC as the value starts to drop and they put a buy order in at a lower price. Once they hit their buy they pull the bots and the price starts to climb back up. Easy money.
So, to track this person down you would find the source of the bots. This is likely a bunch of random computers with a virus. Even if you could track down the person who created the virus, the actual person who started the DDOS paid in bitcoins.
Or you could use the transparency of Bitcoin to find out what the cost of a DDOS would be, look for a transaction on the blockchain within a day of the DDOS that is close to that price. Then try to track the source address to see who it is.
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There's also BitSumo... we currently don't charge any fees. Please give us a try: http://bitsumo.comI will definitely check that out as well (I cannot access it from work). I like the concept and am glad there will be more than one choice. |
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I just bought some organic dog food online yesterday with BitSpend. Quite cool.
I plan on making all of my online purchases with bitcoins from now on.
I like that they are planning on doing a subscription service.
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Through unit cost averaging volatility goes out the door.
Over a long enough time period a randomly varying exchange rate could be treated that way in some accounting systems, but it is only relevant to those systems. Sure, you could also DCA JCPenny. But I cannot spend JCPenny stock on websites. |
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Softcore lounge...does this mean no market penetration?
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Through unit cost averaging volatility goes out the door.
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I plan on purchasing everything in the future with bitcoin.
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So the latest craze of the government media is to attack Bitcoin for its volatile price with regards to Federal Reserve Notes. One article I just read stated that the price went from $40 to $266 and back to $40 within days.
So, why does this or does this not matter for someone who actually uses Bitcoin as a currency?
Two people: Dollar spender and Bitcoin spender. Both get paid in dollars.
Dollar spender:
Friday pay check - $2,000. It goes into his account and he spends half on bills and reserves the other half for spending.
Wednesday - buy $200 boots online
Thursday - buy $400 stereo online
Sunday - buy $200 computer monitor
Total spent for the week: $2,000
Bitcoin spender:
Friday pay check - $2,000. It goes into his account and he spends half on bills and sends the other half off to the exchange.
Monday morning - converts $1,000 to X bitcoins at Y price.
Wednesday - buy $200 boots online (price went down to Y/2, costs $400 worth of his original BTC)
Thursday - buy $400 stereo online (price went up to Y*2, costs $200 worth of his original BTC)
Sunday - buy $200 computer monitor (price up for the week the average weekly gain of 10%, Y*1.1, $182 worth of his original BTC)
Total spent for the week: $1982
Think of a casino who puts a roulette table out. One player plays 5 rounds at $10 each bet on red. He may hit it big, he may lose it all or somewhere in the middle. Either way, it is unpredictable. Why would the casino owner put out such a volatile game? Because 5000 people putting $10 on red each day would end up with the house advantage averaging out to a couple percent per bet.
If you convert each paycheck to bitcoins and spend as you would your regular dollars, if you understand dollar cost averaging, any fluctuation evens out over time. And the fact that Bitcoin is a deflationary currency that gains in value, it means that the value of your money will gain a slight percentage over time as opposed to fiat money which is purposefully inflationary.
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Only put money on online wallets that you are willing to lose.
Store your savings offline with something like the Armory wallet or generating your own public/private key with VanityGen or at the very least use the standard client and encrypt your wallet.
For spending money you can use online wallets like blockchain.info or any of the other established exchanges. I keep a few BTC on MtGox for spending money.
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Even Super PACs need to verify that donors are not donating from outside of the country.
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Adoption has been sluggish even though news of bitcoin has been mainstream for the past couple of years because most people don't trust it's chaotic value. Most merchants will not use a currency they have to constantly adjust the price to (also people in general aren't going to spend something that might double in value in a month). It is not widely used in commerce because bitcoin is not really a currency, but a commodity. People hold bitcoin just to make money. It has become mostly self-serving with only a few bitcoin related services scattered around the edge. There has not been much of an increase in adoption because it's just not really that useful.
Almost every sentence if FUD. |
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