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1  Bitcoin / Bitcoin Discussion / ATTENTION: Any exchange right now can act like a bank on: July 03, 2011, 10:41:17 PM
Many of you might think I'm just trolling based on previous posts, but no sadly I'm not. I'm just bringing up some very serious issues that should be dealt with NOW rather than later.

An exchange uses a database to store everyones information, such as the amount of BTC you have. Say the exchange has 1000 BTC total from a spread of 100 users. Someone hacks the database (or the site/owner changes the database) and adds a user and sets his BTC amount to 1000 BTC -- even though those BTC don't actually exist.

This user can now proceed to sell, buy, cashout ect. -- All without being noticed as long as more and more users use the site. Now, if one day the user base becomes too low or everyone decides they need to cash out -- IT WILL NOT BE POSSIBLE.

A system in place needs to be acted upon on all the exchanges ASAP. I call upon them to do this for the safely of BTC and its users.

=====

When a user registers an account, they need to be assigned a permanent bitcoin address that the user can send BTCs to, and request to withdraw BTCs from.

This prevents a database to become compromised with BTC amount because the bitcoin address can be looked up at any time on blockexplorer to see the amount of BTC that address carries.

When users buy and sell BTC, information on every transaction needs to include the bitcoin address of the user those bitcoins were bought from -- again so anyone can verify they are legit.

The above basically creates a system anyone can verify is legit.

The next problem is verifying if they actually have all the cash. I can't really think up a good solution for this than to have trusted 3rd party check the financial information -- which is much needed.
2  Bitcoin / Bitcoin Discussion / ALERT: You have 5 days mtgox on: July 03, 2011, 08:47:41 PM
MTGOXLIVE NEWS FEED: UP UP -hacked- DOWN DOWN DOWN -fix- (excuse here) UP UP UP -hacked- {CRASHED} -another "fix"- (more bs excuses here) DOWN DOWN DOWN DOWN HORRIBLE SUPPORT CLOSED TICKETS DOWN DOWN DOWN DOWN DOWN DOWN  (yet even more excuses) DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN
Get your fucking shit straight or in 5 days I don't care how much DDoS/security protections you have, there will be much more issues with your site than your users complaining about not getting there money or missing BTC -- yes that is a threat. Closing tickets over and over without reason is not acceptable and will not be tolerated any longer. You are keeping money and BTC without responses.

I don't give a shit about what your "latest excuse is". GET YOUR SHIT TOGETHER NOW.

I highly suggest everyone withdraw their BTC/cash from this site if everything isn't straight within 5 days of this post.

-One very pissed off fuck

EDIT: For those of you asking about other exchanges, TradeHill and Bitcoin7 are what I recommend.

3  Bitcoin / Bitcoin Discussion / Need a place to use your BTC? Play poker! [ My bitcoin poker site review ] on: July 02, 2011, 04:02:44 AM
First off, I don't own this site in anyway, I was first skeptical about playing on it. I use to play lots of online poker before the DOJ attacked most of the popular online poker sites, so with me being addicted, I decided to try out this poker site that accepts BTC.

Obviously its still very new and while it is a little laggy and cheap looking, once you actually try it out, you can't stop playing. It lacks users at the moment, but you will always be able to find 2-3 tables to play on. This is the main reason I'm writing this review, is that I want more people to play with.

You can withdraw/deposit BTC instantly (once the transaction has been verified at least once). You can also play multiple tables at once and chat with the users. The site does have a 1% rake fee with exceptions that can be found here. (https://betco.in/rake)

While the program is still pretty much in beta mode, the only real problems for the moment is sometimes it lags. Everything is also open source, you can download and checkout the source from the website.

I hope you guys try this site out if you enjoy playing poker. Over 3 days I have turned 3 BTC into just over 30 BTC.. Another reason I'm happy to give this site a great review.

I'm glad to see more useful things for BTC, here is the site:

betco.in

BTW for some confusion 1 BTC = 100 chips
4  Bitcoin / Mining / 0.00008549 BTC per day on: June 11, 2011, 07:16:33 PM
If I make 0.00008549 BTC per day, how many days till I make 1 full coin?

I'm having issues figuring this out with my POS calculator.

Thanks.
5  Bitcoin / Bitcoin Discussion / BitCoins are stabolizing on: June 11, 2011, 05:37:04 PM


In short, if you started buying bit coins in the red mark you fail to understand trends. If you sold in red then bought in blue your a smart cookie. Wink

The time to buy is now!
6  Economy / Speculation / Eaasy, Steeadyy, Steaady.. CLANK CLANK CLANK BANG BANG CLACK CLACK on: June 11, 2011, 04:31:42 AM
The fuck is going on here?


7  Bitcoin / Mining / Any sites for investors to invest in me for a %? on: June 11, 2011, 04:20:28 AM
Wondering if they have this and what it would take to get a loan deal going. I would assume at this point something like this exists.
8  Other / CPU/GPU Bitcoin mining hardware / Could someone recommend me a motherboard for 4 cards? on: June 11, 2011, 02:05:58 AM
Trying to find a decent one but not so pricey and with 4 slots for the cards.
9  Bitcoin / Mining / Questions about 5830 on: June 10, 2011, 11:05:40 PM
I understand these are very hard to find because they give 300 hash rate right?

I found a source with 3 "5830PE51G Radeon HD 5830 Graphics Card" ($140 each!) -- is this the same thing? I'm a bit confused as to why many 5830s have different names sometimes, they will all generally get the same hash rate right?

Also it says you need 1GB of RAM, do you need 1GB of ram per card? What about the CPU? It has a 2.4 GHz or higher CPU requirement, again is that per card?

Does the type of RAM matter? What about the type of harddrive you use?

Also I've read a few things saying that being in the same room with a PC generating a lot of heat is bad for you? More interestingly, a guy claimed he fell asleep with them on in his room and had a heatstroke and had to go to the hospitable.

That makes me worry, and what about catching on fire? I very much worry about this and wouldn't want to put my family at risk.

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