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41  Economy / Speculation / I found out it's one guy with all those buy walls on: September 09, 2011, 01:13:46 AM
I am watching him.  He first cancels them all at the exact same time.  Then he lets the price fall.  Then he cancels about ten at the same moment.  And I doubted Edward50.
42  Other / Off-topic / I crashed my car today, forum. on: September 08, 2011, 06:16:59 PM
You know how The Dukes of Hazard named their car, "The General Lee"?  My car is named, "The Price of Bitcoins." and I bought it with bitcoins too!
43  Economy / Speculation / We've stablized the currency of bitcoins! on: September 08, 2011, 02:32:05 AM
It's $7.11 per coin.

It's not going up.  Not going down.  Been like this all day with only slight variations.

Good news everybody!
44  Other / Off-topic / Why do people play Minecraft? on: September 07, 2011, 11:14:07 PM
Graphics are terrible.  I don't see any gameplay, just some boring world design stuff that's so tedious and dull, then you just explore a boring world with horrible graphics, including a square sun.
45  Bitcoin / Bitcoin Technical Support / How to get MtGox Live from freezing Firefox when there's lots of trades? on: September 07, 2011, 06:04:43 PM
Anyone know?  Whenever there's lots of trades, Firefox freezes up.  Enough trades and it gets stuck that way even if I unplug my my modem and I can only close the browser and restart.  My computer has 4 gigs ram and 2.8 Ghz CPU so it's fast enough.
46  Economy / Speculation / Doesn't it follow this pattern? on: September 07, 2011, 03:19:46 AM
1) It stagnates for a long time, unable to climb.
2) Then it falls.
3) Suddenly without warning, a huge amount of coins are bought.
4) The price soars
5) The price stops increasing
6) Go back to one.

Am I right?
47  Other / Politics & Society / Bitcoin virtual money malware spreading via Twitter on: September 06, 2011, 11:49:37 PM
http://www.gmanews.tv/story/231570/technology/bitcoin-virtual-money-malware-spreading-via-twitter

Now, even virtual currency is no longer safe from malware.

A computer security firm warned malicious links are now spreading over micro-blogging site Twitter, leading to malware that can mine for Bitcoins, a virtual currency used in peer-to-peer sharing.

In a blog post, Trend Micro said the spammed malicious shortened URLs on Twitter appear to contain a JPG image file from a Facebook domain.

“Clicking the links redirect to a shortened Twitter URL (http://t.co). Most of these Twitter users are from Indonesia. To lure users to click on the URL, cybercriminals incorporated Facebook.com into the link where the malicious file is hosted. Upon clicking the said link, the unwitting user is led to (a link on facebook.com) ... Since September 2 2011, approximately 600 tweets of the same link have been posted," Trend Micro fraud analyst Paul Pajares said.

Pajares pointed out the JPG image file is not a picture file but an executable file that Trend Micro detects as WORM_KOLAB.SMQX.

He noted searching for the picture file using Twitter’s search function reveals an updated list of users who tweeted the same malicious link.

Trend Micro said that when users post a tweet, it is followed by a malicious link with the text “hahaha!!!" It is also used in the retweet and reply feature of Twitter.

Investigation showed the malicious file creates a directory “aaa" with the following files:


    * 3kal.cmd: a batch file that contains the command for executing mamatije2.exe
    * hsbca.exe: a normal file (Hidden Start v3.2)
    * mamatije2.exe: detected as HKTL_BITCOINMINE that connects to a malicious link with the username mrdd_ludacha and password mama1.


Pajares noted the login credentials do not work, and display a bad request (HTTP 400).

He said the malware will also connect to other malicious sites, which contains the following malicious files that use the names of famous personalities:


    * http://robertpattinson.{BLOCKED}ion.org/pictures/Calc-3-9-2011.jpeg (HKTL_BITCOINMINE)
    * http://{BLOCKED}alokab.go.id/images/news/JohnLennon-Imagine.exe (WORM_KOLAB.SMQX)


Bitcoin miner botnet with ddos capabilities found

Meanwhile, Trend Micro also noted a new Bitcoin miner botnet that can turn infected computers into a giant network that can launch distributed denial-of-service (DDoS) attacks against at least 2,000 targets.

It said the malware, identified as BKDR_BTMINE.DDOS, is a component of BKDR_BTMINE.MNR and can update its list of targets remotely.

“The DDoS component may be used to attack competing Bitcoin miners and limit their processing power. The malware also tries to communicate with a long list of IP addresses. A list of more than 2,000 IP addresses is hardcoded in the malware and is constantly updated upon execution," threat response engineer Karl Dominguez said in a blog post.

Dominguez said Bitcoins are worth more than $8 each, but their values are constantly rising.

He said that since Bitcoins use P2P sharing, the charges incurred are much lower compared to transferring money through banks or clearing houses.

Bitcoin transactions are anonymous and they can be used anywhere, without limits, he added.

“Bitcoin usage is gaining popularity in web transactions because of these advantages it also raises some security issues. To stay safe, encrypt all wallets as soon as they leave your system. Use a strong, unique password for wallet encryption," Dominguez said. — TJD, GMA News
48  Economy / Speculation / Just finally fall to $2 so I can get in and you can jump back to $5 on: September 06, 2011, 09:00:59 PM
Impatience is the worst thing with bitcoin trading.  It just lingers and goes so slowly.  Just finish falling already!!  Stop slowly falling week after week!
49  Economy / Speculation / POLL: When the coin price bottoms out, how fast will it rise? on: September 06, 2011, 08:02:17 PM
Help me decide on how to bid.

I think it will hit bottom and then not rise back up because this time so many people have lost confidence.
50  Alternate cryptocurrencies / Altcoin Discussion / Bitcoins are not ecommerce friendly. So far no alternatives are either. on: September 06, 2011, 07:54:38 PM
Buying normally is like this.
* Buyer goes to website,clicks products to buy and then when they pay, they enter their credit card.
* Then in 30 seconds maximum, they get a confirmation their payment went through.
* They also have dispute rights with their credit card if the buyer scams them.

Buying with bitcoins is like this.
* With bitcoins, well let's skip gettng the coins.  And we'll skip price fluctuations and pretend the price is stable.
* Okay so buyer has coins in Mt. Gox.
* Buyer downloads the software and then they start downloading transactions.  This is about a gig to download now, but may be 100 gigs in the future.  At a cable modem, I can download a 1 gig movie or tv show in about 5 minutes if everyone is seeding, but with bitcoin transactions, I get new information at about 10k per second so it takes a month to get most.  And then when I get closer to getting them all, it goes really slow because the other clients just wont share their shares.  I had the same issue in spring 2010 when the transaction table was almost nothing, just because clients just won't share the transactions.
* So buyer gives up after a day waiting.  They then figure it's faster to transfer right from Mt. Gox, which is bad because bitcoins are about not being dependent on some website.
* Bitcoin shopping cart has their order ready and saved and they must transfer their coins.
* The buyer then copy and pastes a bitcoin address and hopes they didn't enter it wrong and lose their money.
* Buyer transfers their coins and waits several hours for them to arrive, then even longer for the seller to verify and tell them the products haven't run out of stock during the wait.
* Buyer has no escrow and bitcoin escrow are even more cumbersome.


You see the problem?  Bitcoin shopping needs to be ecommerce-friendly.

* The transaction table should be transmitted much better.  It should condense or purge old transactions more than a year.  It then needs to send the data compressed.  Next, clients should be forced to upload it faster to the other clients.
* The system needs some good shopping cart and escrow system that cannot be stopped by the government shutting down escrow websites.  If we depend on escrow websites, then the government can just shut them all down.
* Transactions need to be processed within under a minute.
* Store transactions need a link like this...  btc://[ip address]:[bitcoin address]:[bitcoin amount]:[identifier]  ... and then the buyer hits "query" and it connects to the store's IP address, then it sends data via encryption back and forth and the store will confirm like "Thank you for shopping at S-Mart.  Jane Smith, your order of 1 purse, and a pair of socks is ready."  Then the buyer must hit "send coins" to confirm and send the order and this query system lets people know they didn't send coins to the wrong place.



Lastly, you people may call this stuff whiny or what not, but this is what most people will deal with when shopping with bitcoins.
51  Economy / Speculation / What's the story with the recent theft? on: September 06, 2011, 07:36:17 PM
Where was it stolen from?

Most of the rumors indicate it was Mt. Gox that was hacked somehow.

At one time Mt. Gox rolled back transactions.  But then what happens when people withdrew all their money and coins before the rollback?
52  Economy / Economics / Why a drop to about $2/coin will be good for bitcoins on: September 06, 2011, 07:16:15 PM
Bitcoins should be a currency and be somewhat close to the new universal currency, the euro, which is usually about $1.50.

All this extra price has caused people to buy all these mining rigs and mine coins.  I think this hurts bitcoins.  Mining should be done as a hobby.  Mining should be done by individuals with cheap NVIDIA cards at 1Mhash/sec not for money but just to get a sample of bitcoins.



When mining for a month on normal hardware (not expensive stuff miners use), gets you less than one bitcoin a month, it's bad.  Mining should be to get people something to play with, not as a profit.  It's best if electricity costs more than mining so it's worthwhile for some kid who just wants to buy a dime bag on The Silk Road to mine for a month to get that $10 plus shipping to try it.  I do support mining pools as they make it easier for people with cheaper hardware to get a few coins without buying them, however currently mining for a month with cheap computers most people have (not the mining rigs and expensive video cards most miners have) won't even get one bitcoin.

I'm not speculating if it will fall this low.  I am just saying it would be good for bitcoins.
53  Economy / Speculation / Does bitcoin rise and fall with the price of the US dollar like people say? on: September 06, 2011, 05:14:27 AM
I don't understand why.  I would think it would do the opposite like gold.

Anyone have a graph of US dollar value vs. bitcoin value that's up to date with early September?
54  Other / Off-topic / Is David Icke like British Stephen Hawking? on: September 06, 2011, 05:02:11 AM
discuss
55  Economy / Speculation / When it bottoms out at 5 or 6, will it go back up or will it just hover? on: September 06, 2011, 03:52:01 AM
Just lingering at 5 or 6 for a month before it jumps to some random price.

From what I've seen, the price jumps somewhere and then just lingers and lingers.
56  Economy / Speculation / How much do you think Mt. Gox makes on transaction fees? on: September 06, 2011, 03:48:57 AM
My guess is $10,000 a day.
57  Economy / Speculation / Are bidwalls mainly to manipulate the market or are they serious for buys/sells? on: September 06, 2011, 02:30:38 AM
People like to put up bidwalls and let them sit for weeks with no hurry to buy or sell coins.  And if the wall stays for a month, they're fine.

If they're buying the coins to use, they would just buy them.  If they're buying them to invest, then this bidwall would drive the price the other way and the only way it would be reached is if the currency is rising or selling a lot to make their buy or sell a money loser.

So it would seem they do this to manipulate the market and keep it high or low.

Anyone know for sure??
58  Economy / Economics / These things would raise the value of bitcoin on: September 06, 2011, 02:26:14 AM
1) Right now Mt. Gox lets you trade cash for bitcoin, but only $500 a day mailed.  We need a service in big cities that will let someone buy much larger amounts.  Obviously it must be below $10,000 daily or those stupid CTRs would have to be filed.  See http://en.wikipedia.org/wiki/Currency_transaction_report http://en.wikipedia.org/wiki/Structuring http://en.wikipedia.org/wiki/Suspicious_activity_report

2) Sell cars for bitcoins plus $1 cash.  Report value of car sold for $1 cash, which saves the buyer a lot of money in government fees.  There's got to be a way to do this so it's legal.  Maybe $1 cash plus a flashdrive and the flash drive contains login to a Mt. Gox account with lots of bitcoins in it (this is easier than a bitcoin wallet because wallets require loading of around a gig of transaction data).

3) Same as #2 but for real estate.

59  Economy / Speculation / I believe I manipulate the markets on: September 05, 2011, 10:08:52 PM
Every time on Mt Gox I sell my coins, the price starts going up.  Every time on Mt Gox I buy coins, the price starts going down.  Every single time.
60  Other / Off-topic / Is anyone familiar with the internet celebrity Chris-chan? on: September 04, 2011, 08:23:03 PM
You can read about him.  He's very famous.
http://www.sonichu.com/cwcki/Main_Page

I'd like to find a way for him to make videos mentioning bitcoin somehow.
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