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1  Economy / Speculation / Why bitcoin will hit 100000$/BTC in 2014. My conspiracy theory on: November 19, 2013, 12:01:12 PM
China suspect that US is silently support cryptocurrencies so when china GDP surpass US and EU GDP, their CNY cannot become "new USD". China reply by pushing cryptocurrencies ahead faster so they'll undermine current established financial systems controlled by US. US fear that China will lead the financial revolution and they'll fall behind so US jump ahead to be sure that they'll be the first riders of waves of the future. This causes an arm race and bitcoin hit 100000$/BTC soon. He he he...
2  Economy / Speculation / Re: DO NOT FEAR!!! We create our own destiny on: April 02, 2013, 08:38:09 PM
What's with these kinds of threads? Do you guys really need pep-talks every few hours? That's a signal of strength to you?

Hey guy, why so serious? Sometimes, we need to relax
3  Economy / Speculation / DO NOT FEAR!!! We create our own destiny on: April 02, 2013, 08:29:53 PM
We had a crash from $32 to $2. But I want to tell you: DO NOT FEAR!!!
“Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.” Yoda, Jedi Grand Master.

Fear and sell, you will continue living your miserable life. Not fear and hold, you will become millionaires. CHOSE YOUR DESTINY!!!!
4  Economy / Speculation / Re: mtgoxUSD bounce to $41 drop to $20 on: March 02, 2013, 11:51:23 AM
History repeats itself but not in the way we thought. That explains why predictions are wrong Grin
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: February 22, 2013, 06:35:24 AM
rnNp2EAG88PpYnWHH1BVeSvhVVXSAyv7Zh
6  Bitcoin / Press / Re: 2013-01-23 Mencius Moldbug has a new essay on Bitcoin on: January 24, 2013, 04:01:11 AM
I believe bicoin and other virtual/digital currencies are the only means that help US and Europe prevent chinese currency becoming a world currency when china GPD surpass or even triple US GDP. So they will silently support bitcoin instead of killing it. The recently ECB's report is an indication
7  Economy / Speculation / I do believe bitcoin price will boom when we switch from GPU to ASIC mining on: October 20, 2012, 05:09:02 AM
When we use GPU, money from miners go to AMD's hand and doesn't comeback. When we use ASIC, the asic companies will use a portion of that money to promote their business, attract more users & miners come to bitcoin economy. This causes a positive feedback loop and bitcoin economy will boom. Right now, butterflylabs are promoting its business using google ads.
8  Bitcoin / Press / Re: 2012-10-14 Quantitative Analysis of the Full Bitcoin Transaction Graph on: October 17, 2012, 09:51:18 AM
Shamir is co-author of RSA ('S' in RSA)
9  Other / Off-topic / Re: Dual use ASICs, Mining and Cracking on: July 03, 2012, 08:21:19 PM
Correct me if I'm wrong, but this can't happen with their ASICs. Password cracking works backwards from hashing, right?


The general idea of mining is to run thru a SHA256 hash twice. They take x and turn it into y like this:

y = (SHA256 (SHA-256 (x)))


This is assuming their ASIC does both steps at once. Their ASIC may only do one hash at a time, but it would still look like this:

z = (SHA256 (x))
y = (SHA256 (z))

For password cracking, you would need some way to go from an already encrypted password that's only gone through one SHA256 encryption (z, in the example above), and un-encrypt it into x. It was my impression that this sort of password cracking works backwards from bitmining. The ASIC could be use to encrypt passwords, but there would be no use for something that fast.

Bitmining: x --> SHA256 --> z --> SHA256 --> y
Password: x --> SHA256 --> z
Cracking: z --> CRACK --> x


Does that make sense? Anyone more knowledgeable care to point out any blatantly obvious holes in my reasoning?

We have hashed password: z
We need to know the password: x
Solution: Just calculate y = SHA256(z). Then use ASIC to search for x when we already know y
10  Economy / Speculation / Re: Spike at No. of transactions (Excluding top 100 addresses) Chart on: June 28, 2012, 02:24:26 PM
I guess it comes from some mixing services like TORwallet: https://bitcointalk.org/index.php?topic=87387.0
11  Other / Off-topic / Re: Leading SHA256 Solution Provider Acquires Venture Capital Funding on: June 16, 2012, 09:14:08 PM
Seems that some guys are crying because they betted too much on their mining rigs.
12  Economy / Service Discussion / Re: Satoshi Dice -- Statistical Analysis on: May 17, 2012, 07:38:10 AM
Next time you update the stats, could you also include "megabytes added to the block chain" and/or "percent of total bitcoin transactions"?

It's actually not as much as I thought.  Only 22% of transactions and transaction bytes are due to SatoshiDice (starting the counters after the first SatoshiDice transaction).

Each bet has 2 transactions. Did you count it?
13  Economy / Speculation / Re: MintChip Vs bitcoin, the currency wars are starting... who will win? on: April 17, 2012, 12:06:59 AM
MintChip will introduce more people to bitcoin and help bitcoin dominate the world Grin
14  Bitcoin / Bitcoin Discussion / Re: Ecwid - Bitcoin as a payment method. Need help. on: February 08, 2012, 12:16:04 PM
Just voted
15  Economy / Marketplace / Re: Bitcoinica - Advanced Bitcoin Trading Platform on: September 08, 2011, 07:03:37 PM
Don't trust Market Makers!!!! They will stole your money!!!
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Discussion between SolidCoin Founder and Gavin Andresen on: September 06, 2011, 06:22:27 PM
I agree that CoinHunter's behavior is immature and not professional (I guess his age is under 25 and very likely under 20) but I don't suppose ArtForz is a good guy. If CoinHunter didn't admit SolidCoin's weekness, ArtForz should post his argument here to show how stupid and arrogant CoinHunter is instead of attacking SolidCoin. I think ArtForz is:
+ The same guy as CoinHunter (immature and not professional). Want to show he is correct immediately when CoinHunter ignore his warning
+ A guy want SolidCoin to die

I don't like CoinHunter but he might correct when he said (in SolidCoin forum, I can't remember the exact post) that guys here attacking him and SolidCoin for the only reason: MONEY
This war is very bad for SolidCoin, Bitcoin and also very bad for cryptography currency community. I'm a fan of cryptography currency and really want this war be ended
17  Other / Off-topic / Re: I Manufacture machines that generate free electricity. A match made in heaven? on: September 06, 2011, 05:54:03 PM
Wow, sounds great!!!!!! Don't sell machines at $5000. Sell the license to GE at $1 billion please!!!!!!!!!!! Write a paper about your invention and you will get a nobel prize!!!!!!!!You will be named as a hero of mankind!!!!!!!!!!!
18  Other / Beginners & Help / Re: So who's buying bargain Bitcoins this morning? on: September 06, 2011, 05:30:12 PM
I hope it down to $0.1 then up to $100 so I can buy low and sell high Grin
19  Other / Beginners & Help / Re: Whitelist Requests (Want out of here?) on: September 06, 2011, 02:47:56 PM
I'm a programmer. Want out of here
20  Other / Beginners & Help / Will governments attack bitcoin? on: September 06, 2011, 02:18:11 PM
What's your choice Cheesy? Sorry for my bad english Cry
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