Hi guys,

I have not had access to Bitbet.us for more than a week now. The error message reads

"Insecure connection - The owner of bitbet.us has configured their website improperly. To protect your information from being stolen, Firefox has not connected to this website."

Is anyone else having the same problem? has Bitbet done a runner? They have been around since 2013... I thought that was a good run.

I signed up for a Bitmain account yesterday somewhat interested in buying an antminer s7. I used a password that I might have used elsewhere before, turns out I probably did.

This morning I had an email from Amazon.com notifying me that ...

At Amazon we take your security and privacy very seriously. As part of our routine monitoring, we discovered a list of email addresses and passwords posted online. While the list was not Amazon-related, we know that many customers reuse their passwords on multiple websites. Since we believe your email addresses and passwords were on the list, we have assigned a temporary password to your Amazon.com account out of an abundance of caution.

I think Bitmain are distributing password of their customers to hackers.

... on a side note, has anyone ever bought from bitmain? would you buy an antminer s7 from them? https://shop.bitmain.com/productDetail.htm?pid=00020160527114935137wr0xd6U006A9

http://www.rbnz.govt.nz/news/2015/6004856.html

https://bitnz.com/ will no longer be able to process NZD due to fears of terrorism funding and international risk trends turning.

Hi guys,

Im a fan of storing bitcoin in a brain wallet, despite having learned my lesson rather brutally to make a ridiculously strong pass phrase. You can sleep at night knowing that weather your house gets flooded or burns down, or your computer gets hacked or stolen that your bitcoins will be safe. I like to make all my wallets brain wallets and import them into my MultiBit client.

So to make an extra secure passphrase I had an idea....

Take a reasonably good phrase, add some character, but it can be memorable. Generate your private key from that phrase. now take your public key and pass it through the SHA algorithm again. You can do this as many times as you like within reason, as you know you will inevitably find your address with this method if you try one at a time.


Im not sure how much security this method would add (apart from the number of times you rehash you public key) but my thinking is that for a computer to have to process the SHA algorithm for every brain wallet combination out there just a few times will drain plenty enough processing power to be impractical. I like this method because its so simple and easy to remember and you may use a memorable pass phrase within reason.

how much work would this add to the process of testing random brain wallets?

Thanks!

[17z2uppQS9fyag5KtbQ6KNiCBrNSL1z64r]

Hi everyone,

This serves as another lesson to make your brain wallets silly hard to hack.

My Brain wallet, in the form of example123example123example123 (example123 was my bitcoin talk password,) was hacked resulting in the loss of 12btc I had freshly put in there. Before I noticed it was hacked I sent another 7btc there and luckily got it out before the hacker did.

This was my brain wallet 17z2uppQS9fyag5KtbQ6KNiCBrNSL1z64r

This is the Hackers wallet, with the funds in it at the time of writing 153h8BH61rQgfyujZjJqjQNSsRK2Hsaf3A


The community might take interest in this address as the hackers of bitcoin talk are prime suspects.

Its crazy, is this guy lucky or is it really that easy to hack brain wallets??

Take care!

Hey folks,

First time Ive ever seen this. The transaction is from Okcoin to my address. Its creepy, why would somebody want people to be sending small amounts of BTC to my address?

Is this a blockchain website thing or is this on the blockchain?

Cheers!

Hey guys,

I thought I'd start experimenting with brain wallets to store some of my bitcoin in, so I went to the only place I know to do that. https://www.bitaddress.org/bitaddress.org-v2.9.8-SHA256-2c5d16dbcde600147162172090d940fd9646981b7d751d9bddfc5ef383f89308.html?culture=en

I tried a long quote of shakespeare, but the address came out invalid according to my smart phone wallet so I tried a shorter phrase - "There is no new thing under the sun"

I sent 0.001 here 14BwAbCRHJ7xbvG7GQFuxPgErJw6zXQdxQ and instantly it was relayed to this address which had 10BTC in it 1LdUHTEVxWJhrhKfy4H3VuYDnTHQVjsdBn





This is really scary that the funds were relayed instantly, I know its not the strongest phrase but there could only be two things going on here, somebody has generated a large database of popular brain wallets, or bitaddress.org is crooked.

has anybody else had this experience?

Can you make a brain wallet simple enough to be memorable and secure?

Thanks for your thoughts!

[bottoming out in the next day in the 200s will likely be followed by a rally to at least 450]

After a great deal of panic selling we have the necessary price action and volume to say that capitulation has happened to some extent. The chart now takes the form of a simple ABC from our ath of $1100. However we have not been gifted with a clear wave C count, necessarily an impulsive wave in EW analysis, to say with confidence that this move is over. Regardless of the correct count we still have many levels to watch that if broken, and in what manner, can give us clues about the termination of wave C.



one thing that seems clear is that wave i of C is the fall from 680 to 540. If we pass through 540 in the coming days, the possibility of a hypothetical wave v is nullified, buy and hold on tight.



Now here's a possible count that makes sense and looks good until we take into consideration a couple of significant ew guidelines. wave IV tends to resolve within the vicinity of wave (iv) of one lower fractal (440-530). This would be a deep retracement of wave iii, and must come close to the territory of wave i. This is not a likely wave behaviour because we would expect alternation between the waves ii and iv - deep and shallow and vice versa to that total retracement within the cycle becomes equal to 0.618, the magic number. Also, in the chart above you can see that wave (v) of iii, and similarly wave v of (v) are larger than wave (iii) of iii and iii of v. This we could call a wave v blowout but its not something we expect to see with wave iii of (iii) of ((iii)) etc....
how can we tell if this is the correct count? a retracement to 440 and significant weakness in the area. If this is the count, we will have a final v wave down, possibly into the lower 200s. we would not be likely to enter the 100s because the iii wave was so severe, that a diminished v is likely.



Here is another possible count that implies termination of wave c. On first impression, not as practical as the above, but here is why I think it is equally as likely as the above - a) waves ii and iv alternate (deep and shallow) b) wave iii is a practical size, whereas wave iii above is ridiculously big compared to wave i. ideally we want our iii waves to be 1.618 the size of wave i. in this example, that is more or less the case. In the above example, the ratio is 2.6x wave i. In this case we have a blow out wave v. Speaking of a completed wave C, I do not find this surprising because we are really dealing with an exponential subject here. This logic is consitent with the above example because I am referring to wave v of a complete cycle, not the (v) of a wave iii that is over extended and contradicts a v wave blow-out.
The confirmation of this count is more difficult, we will need to see a convincing primary wave form at local levels, or a blast through 540.



There is a third possibility here that demonstrates the same implications of the second count, but also has imperfections.Namely, the wave iv is too small in comparison to the wave ii, and wave (v) of iii does not easily fit an impulsive description.

while counts of hypothetical wave v or iii may not yet be complete, bottoming out in the next day in the 200s will likely be followed by a rally to at least 450, the lowest probable identifiable wave (iv).

dont let the bear whale get you down.  

Hi everyone,

I have been trying to set up solo mining (just interested in learning how to hook up to the network) using bitcoinqt and bfgminer as advised, but I cant seem to quite get there even after searching all over the internet. I have successfully installed bitcoinqt and bfgminer, and I am pool mining with btcguild.

I have made a bitcoin.conf file with the following in it and put it in the home/.bitcoin folder.

rpcuser=bitcoinqt
rpcpassword=123
rpcallowip=127.0.0.1
rpcport=8332
server=1
gen=1
rpcssl=1

However, I have no idea if bitcoinqt is running as a server when I open it...?

When I try to run bfgminer in the terminal and enter the url - http://localhost:8332, username and password, it tells me "pool set up failed", also without asking me for a bitcoin address to direct mined bitcoins to.

I must be doing something obvious wrong, but I just cant figure it out. I would be very grateful if somebody could point out what Im doing wrong.

As an EW analyst I went to the effort of making this illustration of fractals, if not only because some might find it interesting to see. I do not mean for it to be predictive, because by large it is retrospective.

I hope to create an honest positioning ratio sample.

This information could help us all determine vulnerable areas in the market.

Hi folks,

I would like to use Andreas Schildbach's wallet app to cold store some bitcoins in a dedicated Android phone.

I have a few questions that I need to answer first though,

1.) is the private key created in the phone or online?

2.) any chance that my private key is being shared into the internet when I install the app? I plan to remove all the apps that I can before I do this.

3.) Has there been any suspicious trouble keeping bitcoins on Android phones at all? I know that google spyware can be really bad sometimes...

..... the storage would theoretically be cold if I was to keep the phone turned off... if I can be sure the private key has not been shared. Is there an option to create the private key offline?

Thanks for your thoughts!

Hey folks,

I'm sure I'm not the first to propose this but hows about a dedicated android phone to store your bitcoins in cold? I dont like coins on my computer, as I use it every day and it's always on the internet.

An android phone would make it easy to access my coins when I wanted to, it would be portable, easy to back up onto a USB etc... and the camera option is really neat!

but I have one concern........ android software and google apps! or am I paranoid?!

these phones usually come with default software, that demand access to all sorts of information. Is the software that one would download from the app store safe to use alongside google apps (only!)

I would keep it turned off, probably without a sim card, install the programme on the SD card, and back up the wallet to a USB stick. I would keep the phone pin locked and under my bed.

what do you think?

Cheers.

If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?

Hi folks,

I have an old bitcoin wallet software by the name 'Bitcoin QT', and I would like to move the address and private key in that wallet to my new wallet software 'Multibit' However, the backup file that Bitcoin QT produces will not open - "file type unknown". I cant find any way of using that backup folder, or even viewing the contents. If I try moving it to my Multibit wallet software, it simply does nothing.

Can somebody please give me a tip?

Thanks!

[We can expect further declines.]

http://finance.yahoo.com/blogs/breakout/mt--gox-slammed--why-bitcoin-s-troubles-aren-t-over-160229892.html

some really negative bitch slap news up there ^^

The poll on the side goes like this;


"Buying the dips" - 7769 people voted. 57%

"Staying in cash" - 3605 people voted. 36%

"Im out! sell sell sell!" - 2278 people voted. 17%


I think at a place like "yahoo finance" we can find the sentiment we are looking for. This is clearly a bullish bias sentiment.
 We can expect further declines.

ps. vote 'buying the dips' and help to fudge the facts!

I have created this page to discuss buy order placement strategies for those holding fiat looking to buy BTC at favoured prices in this bear market.

My idea is to place equally sized buy orders (1xBTC) at $20 intervals starting at 407 and lower to 227. I know these numbers are a bit greedy, but the point that I can sleep well at night with these orders on, because Im not making any large bets in any given trade. It means I can benefit from flash crashes.

What are your strategies?

[Chinese.]

I dont feel like being too bullish right now but;

http://www.coindesk.com/africas-largest-bank-trials-bitcoin-integration-system/

Not everyone knows that Africa is a play ground for the chinese. What is so interesting about this is that Standard Bank is owned by.... you guessed

it....Chinese.

I was born in South Africa, and I know just how much this will help them. my parents will be he first to move money back to New Zealand with this

service, because we have had no good alternative.

Dont be fooled, there is a huge market in South Africa that have access to technology enough to use bitcoins. all they need is education and

infrastructure.

Lets talk about consolidation from here onwards.

I would have expected this to play out over a few days, but after that spike..... the bulls came out to play.

what is the price range now? 400? 500?

Is it ridiculous to suggest it's upwards from here?

This must be at least partly planned out.

crazy stuff going on here. BTCe tested 102. didnt last long.
I gotta say, as an EW analyst, it did make sense that the price should fall into the range of 100-260.