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9381  Other / Politics & Society / Re: The Legacy of Thatcher on: April 18, 2013, 03:29:08 AM
The interesting thing I got from the crappy movie they did about her was to note that trying to force everyone to pay the same tax rate is political suicide.

That pretty much shows that we will continuously slip further and further into tyranny of the people.

The flat tax is very popular in Russia.  Of course Putin doesn't have to put up with the BBC poofs and Trots who continuously lambasted Thatcher.

That's because Russians, unlike Britons, have already tried fully embracing socialism and found it not to their liking.   Wink


That may be the only way we get freedom in America.

A long dark age of socialism to teach them what it is like.
9382  Economy / Speculation / Re: NPR Planet Money guy on Colbert tonight talking bitcoins on: April 18, 2013, 03:26:52 AM
Liberal going on a liberal talk show to talk about Bitcoin?

Will there be anyone there to defend Bitcoin?
9383  Bitcoin / Bitcoin Discussion / Re: Can bitcoin websites handle a Colbert Bump right now? on: April 18, 2013, 03:25:05 AM
What kind of services? You mean MtGox?
9384  Bitcoin / Bitcoin Discussion / Re: The More Things Change, The More They Stay The Same on: April 18, 2013, 03:24:17 AM
That's your answer? That there's some service acting as an exchange, taking a cut as they convert your BTC to an actual liquid currency to buy goods and services?

Bitcoins are soooo much more liquid and widespread than I imagined. My bad.

How is that any different from BitPay who allows merchants to accept bitcoins then converts those bitcoins into dollars for them?

This service allows people like me who would rather not use dollars switch over and leave the dollar.

Chicken and egg, the more people convert to only using bitcoins, the more merchants switch over.

So...ya, one side of the equation is taken care of.
9385  Bitcoin / Bitcoin Discussion / Re: The More Things Change, The More They Stay The Same on: April 18, 2013, 03:01:37 AM
Where are the businesses accepting bitcoin?

You can buy anything on the Internet with bitcoins.

Do you plan on ever buying anything on the Internet?

http://www.bitspend.net
9386  Bitcoin / Bitcoin Discussion / Re: Bitcoin Thefts. on: April 18, 2013, 02:44:26 AM
How would I go about securing my 5 measly Bitcoins, I have the normal wallet from the site and have encrypted it but unsure how else to secure for long term storage. I know it isn't much but it's what I can afford to loose at this present time. Would, backing up the Wallet to a USB drive or 2 of them and storing them in my safe until I wanted to cash out be the best bet.

I like to do this:

Download the Vanity Generator (https://github.com/downloads/samr7/vanitygen/vanitygen-0.22-win.zip)

Run the vanity generator:
C:\>vanitygen.exe 1Josh
Difficulty: 4476342
Pattern: 1Josh
Address: 1JoshvL2trzgd5PPmA8rj4M9xKz3o2Xek3
Privkey: 5Jdx2v395JTGJCE5uw6ukfGz8otQ7hT7Y64xpZiBfBhn2WRCdpV

Take the Address and copy it to wherever you want, send it to yourself in an e-mail, put it in your forum signature, whichever...

Take the Privkey and do whatever you feel is the the safest way of securing it. Write it down on a piece of paper, print it out, stamp it into metal, scratch it into the floor under your bed, whichever. That is the key to spending your money.

The only way someone could hack you this way is if they have a screen capture type of virus. Or you could run that program on a computer that is not ever going to be connected to the Internet ever again if you are super paranoid.

You are all set. Send all of your bitcoins to your Address. If you need to spend you can use the standard bitcoin client to spend using your private key.

False. Viruses could compromise the vanitygen.exe executable so that it sends all results to a central server, or, even easier, so it always starts with the same seed.

That too...you can always verify the PGP signature to make sure the binary is not compromised as well as running it offline.
9387  Bitcoin / Bitcoin Discussion / Re: Bitcoin Thefts. on: April 18, 2013, 02:38:26 AM
How would I go about securing my 5 measly Bitcoins, I have the normal wallet from the site and have encrypted it but unsure how else to secure for long term storage. I know it isn't much but it's what I can afford to loose at this present time. Would, backing up the Wallet to a USB drive or 2 of them and storing them in my safe until I wanted to cash out be the best bet.

I like to do this:

Download the Vanity Generator (https://github.com/downloads/samr7/vanitygen/vanitygen-0.22-win.zip)

Run the vanity generator:
C:\>vanitygen.exe 1Josh
Difficulty: 4476342
Pattern: 1Josh
Address: 1JoshvL2trzgd5PPmA8rj4M9xKz3o2Xek3
Privkey: 5Jdx2v395JTGJCE5uw6ukfGz8otQ7hT7Y64xpZiBfBhn2WRCdpV

Take the Address and copy it to wherever you want, send it to yourself in an e-mail, put it in your forum signature, whichever...

Take the Privkey and do whatever you feel is the the safest way of securing it. Write it down on a piece of paper, print it out, stamp it into metal, scratch it into the floor under your bed, whichever. That is the key to spending your money.

The only way someone could hack you this way is if they have a screen capture type of virus. Or you could run that program on a computer that is not ever going to be connected to the Internet ever again if you are super paranoid.

You are all set. Send all of your bitcoins to your Address. If you need to spend you can use the standard bitcoin client to spend using your private key.
9388  Economy / Service Discussion / Bought dog food with bitcoins on: April 18, 2013, 02:24:21 AM
I am currently in Afghanistan but my mother is taking care of my dogs. My mother is retired so I do not want her to have to spend a lot of money on the dogs so I take care of their expenses.

I am also making a bit more money than I used to so I can stop giving them the processed nasty food (that is probably contributing to my dog's alergies and itching). So I decided to get them some good healthy organic dog food with no preservatives. After checking out different companies I decided to try http://www.orijen.ca/ brand dog food. Their site has a list of online vendors.

I went to their online vendors and found the one with the best price and free shipping.

I found the dog food I wanted. Copied the product page link. Pasted the link into the easy form at http://www.bitspend.net and put my mother's address in there and placed my order.

A few hours later bitspend got back with me and gave me an invoice with a bitcoin payment link. I clicked on the link and paid with my bitcoin client.

Quite simple, order placed and my dogs get some quality dog food. I did not need to search for bitcoin merchants, I could go with the best product I could find on the Internet.

No more need to spend dollars on the Internet anymore.
9389  Economy / Speculation / Re: They/he/she/it is doing it again on: April 18, 2013, 02:11:21 AM
And I fear Bitcoin's hopes of being a currency may not survive a third major crash.  

Will the crash affect my ability to purchase things online with my bitcoins?
9390  Bitcoin / Bitcoin Discussion / Re: Bitcoin Thefts. on: April 18, 2013, 02:08:02 AM
It just blows my mind, I admit it kind of scared me away from Bitcoins but I noticed Namecheap started accepting them and it kind of won me back.

Early on there was little attention paid to security because there was a small group of people involved. Imagine living in a house with a bunch of roomates and putting a lock on the refrigerator. It was unneccesary.

Then after a theft or two people started considering security. A lot of people would use encryption programs on their wallet and decrypt whenever they needed to send bitcoins. But that was a hassle.

Finally they included the option to encrypt your wallet right in the bitcoin client. That helped a lot.

Then there are the merchants getting hacked. This problem stems from companies having many people with access to the bitcoins which would allow any one of them to take it and claim a "hack". One exchange was hacked as they were transferring the business to someone that bought them out but the wrong person was given the password and they were able to get access.

I believe there is still some work to be done on the business level for securing bitcoins. Many are doing well with the cold storage solution but there is more that can be done.

The armory client was created to give a solution to security.

I personally prefer to just create a public and private key and protect the private key my own way.
9391  Other / Politics & Society / Re: The Legacy of Thatcher on: April 18, 2013, 01:53:00 AM
The interesting thing I got from the crappy movie they did about her was to note that trying to force everyone to pay the same tax rate is political suicide.

That pretty much shows that we will continuously slip further and further into tyranny of the people.
9392  Other / Politics & Society / Re: White Jesus on: April 18, 2013, 01:49:20 AM
Jesus was an albino. This is often missed in historical accounts.

They also skipped out the whole part in the bible where he was a ninja master.
9393  Bitcoin / Bitcoin Discussion / Re: Bitcoin Thefts. on: April 18, 2013, 01:20:27 AM
Bitcoin is anonymous if you want it to be.
9394  Bitcoin / Project Development / Re: [IDEA] Credit card based speculative Bitcoin exchange on: April 18, 2013, 01:14:25 AM
The risk for chargebacks is the same after 100 days and after 10 days

There are different reasons allowed for chargebacks depending upon the time that goes by. There are some that are allowed within 7 days, some within 75 days.
9395  Economy / Exchanges / Re: Bitfloor shutting down on: April 18, 2013, 12:20:15 AM
It was hard enough for them to try to restart their business with a huge debt hanging over their heads that they were promising to repay with their profits.

An early company needs to be able to put their profit into the business for a while.

I liked BitFloor, they allowed for easy deposit through ING and paid you to exchange your funds. The only reason I did not sign up is knowing that they were in the hole and would likely never be able to make it.

It sucks since they really support Bitcoin and were trying to do the right thing by paying people back after the hack.
9396  Economy / Speculation / Re: Shorting BTC !! (sort of) Looking for Bulls! on: April 18, 2013, 12:15:18 AM
I had tried bitfinex. But they crash once every hour or so. I like to have some control over my money.

I have been on BitFinex consistently for the past week or so loaning BTC to bears like you. It has been up the whole time. The site is actually easier for me to connect to than MtGox.

Maybe the site is closer to me in Afghanistan than MtGox.
9397  Economy / Speculation / Re: I sold at $57, fml. on: April 18, 2013, 12:10:48 AM
We still have the weekend dip coming. If it does not rise too much today and tomorrow it may come back to the 80s or so.
9398  Other / Off-topic / Re: Send people to live on Mars donate with bitcoin on: April 17, 2013, 11:47:50 PM
I would go.
9399  Economy / Speculation / Re: Everyone failed. on: April 17, 2013, 03:33:44 AM
Irony of the nick is too big to resist Smiley

I loled
9400  Bitcoin / Project Development / Re: [IDEA] Credit card based speculative Bitcoin exchange on: April 17, 2013, 02:24:29 AM
Since I haven't actually acquired bitcoin yet, I don't know if any exchanges offer a level 2 "trading" platform/quotes

You mean like this?

https://www.bitfinex.com/pages/ll_order_book
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