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A redditor today launched a discussion about the site raidcoin.com (domain owned by Mark Karpeles' Tibanne company). It seems to be a site which generates paper wallets in a way that a single private key can only be reconstructed if you have 2 of 3 paper wallets (or any other number you choose). The redditors then speculate about if MtGox used these "raid" paper wallets for their cold storage ( magicaltux talked about raid wallets) and might have problems to reconstruct the private keys. The algorithm is also investigated by the redditors. I find that pretty interesting. Does anyone here know anything about that raidcoin.com site or raid paper wallets? Who "invented" the raid wallets? Who coded that site (I doubt it was Karpeles)? Has MrTiggr something to do with raidcoin.com? He mentioned it in #bitcoin-otc in 2012 here and there and was loosely linked to Tibanne through bitcoinpolice.org, another domain owned by Karpeles. ATTN: Do not use wallets from raidcoin.com to store bitcoins. The PDFs for the paper wallets are generated server side. |
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There's a bunch of similar pull requests on github proposing fixes to various altcoins including Dogecoin, 42coin, Unobtainium, Digitalcoin, Mastercoin and Lottery Tickets: Maybe their devs should look into that quickly.... Until now there are pull requests for these coins: Dogecoin, Mooncoin, 42coin, Lottocoin, Diamondcoin, Earthcoin, Stablecoin, Netcoin, Radioactivecoin, Unobtainium, Orbitcoin, Grandcoin, Digitalcoin, Mastercoin, Lottery Tickets |
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Paypal President David Marcus clarifies Paypal policy towards mining rigs and btc trades:  and  |
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The swiss parliamentary lawmaker group "Digitale Nachhaltigkeit - Parldigi" (Digital Sustainability) asked the Swiss government to legalize Bitcoin. In a postulate (site in german) titled "Establish legal certainty for Bitcoin" delivered to the swiss federal government the group of members of the national council asked the federal council to find answers to the following questions: 1. What chances for the financial centre Switzerland does the federal council see in Bitcoin and similar online currencies? 2. Which arguments speak against treating Bitcoin like a foreign currency? 3. Which regulatory instruments does the federal cuncil have to establish legal certainty for Bitcoin and similar online currencies? 4. If there are any regulatory steps to take, which will these be and what is the roadmap for implementation of these steps? The group also says that these questions might be answered if the federal council takes the position that Bitcoins should be treated like foreign currencies. Then Bitcoin could be regulated using the existing swiss laws like the Anti-Money Laundering Act ( AMLA) the Collective Investment Schemes Act ( CISA), the Value Added Tax Act ( VAT Act) and similar laws. By doing this, legal certainty for Bitcoin could be reached in Switzerland. To gain experience with Bitcoin, the parliamentary group posted a Bitcoin donation address on their website (see bottom of the postulate). The original german text of the postulate can also be found there: http://www.digitale-nachhaltigkeit.ch/2013/12/bitcoin/ |
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“We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers,” wrote Bank of America currency strategist David Woo in a 14-page note to clients this morning. “As a medium of exchange, Bitcoin has clear potential for growth, in our view.” See: http://www.businessinsider.com.au/baml-initiates-coverage-on-bitcoin-2013-12 |
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Attention, this post has a bit of a explorative philosophical nature. If you are not up to it, don't read further. But if you are interested, read it and spare your "but", "no" and "never!" until the end of this text. Last night I had a little chat, over at the #freicoin chat and it evolved quite interesting. I talked to a user named "funky". He told me that he was making some quick cash with altcoins, which he sold early, as long as there was profit in (quite a well known schema in the altcoin sector) and before that altcoin falls into irrelevancy. We talked about demurrage experiments in the US during the depression and about the theory of social credit. We also evolved thoughts about a new fictitious cryptocurrency named "speed money", basically money with an incentive to spend, but not a negative interest like Freicoin, but a positive bonus if you spend the money (Maybe technically not that easy to achieve). We came then to the point that if you get a bonus for every transaction, the amount of coins in that currency could rise constantly and infinitely, which he considered not being a problem, as services and goods would either way be infinitely produced (basically that opinion is behind the theory of social credit). We talked a bit more about altcoins, as funky suddenly said "And here comes Satoshi, he combines social credit and difficulty derived value". We evolved that thought further and the conlusion was: Satoshi, in inventing the bitcoin protocol (not only Bitcoin, but the protocol used by all the altcoins), created some sort of a social credit system as people can get free money while producing infinite new altcoins and creating new types of altcoins. New altcoins evolve, some vanish early, some hold a certain market value longer, some loose it faster. As Altcoins can be used to buy goods, but also are constantly threatened to vanish and loose value, the concept of speed money or demurrage lies within the infinite creation and decay of new altcoins - if you hold the coins too long, you are threatened to loose the value that once lied within. That's Satoshis' Cryptocoin Continuum - Social credit combined with demurrage - we are already in it. Not with a single coin, but with all the cryptocoins. Feel free to share your thoughts... |
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Attention, this post has a bit of a explorative philosophical nature. If you are not up to it, don't read further. But if you are interested, read it and spare your "but", "no" and "never!" until the end of this text. Last night I had a little chat, over at the #freicoin chat and it evolved quite interesting. I talked to a user named "funky". He told me that he was making some quick cash with altcoins, which he sold early, as long as there was profit in (quite a well known schema in the altcoin sector) and before that altcoin falls into irrelevancy. We talked about demurrage experiments in the US during the depression and about the theory of social credit. We also evolved thoughts about a new fictitious cryptocurrency named "speed money", basically money with an incentive to spend, but not a negative interest like Freicoin, but a positive bonus if you spend the money (Maybe technically not that easy to achieve). We came then to the point that if you get a bonus for every transaction, the amount of coins in that currency could rise constantly and infinitely, which he considered not being a problem, as services and goods would either way be infinitely produced (basically that opinion is behind the theory of social credit). We talked a bit more about altcoins, as funky suddenly said "And here comes Satoshi, he combines social credit and difficulty derived value". We evolved that thought further and the conlusion was: Satoshi, in inventing the bitcoin protocol (not only Bitcoin, but the protocol used by all the altcoins), created some sort of a social credit system as people can get free money while producing infinite new altcoins and creating new types of altcoins. New altcoins evolve, some vanish early, some hold a certain market value longer, some loose it faster. As Altcoins can be used to buy goods, but also are constantly threatened to vanish and loose value, the concept of speed money or demurrage lies within the infinite creation and decay of new altcoins - if you hold the coins too long, you are threatened to loose the value that once lied within. That's Satoshis' Cryptocoin Continuum - Social credit combined with demurrage - we are already in it. Not with a single coin, but with all the cryptocoins. Feel free to share your thoughts... |
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Again, here comes a 10 x 10 FRC giveaway. Just post a valid FRC adress into this post. The client is obtainable at http://freico.in. Download it, generate an adress, post it here and recieve 10 Freicoins. |
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I just can't get my bitcoin client (v0.8.3.0-g40809ae-beta) to download the whole blockchain.
I tried everything
1. bitcoin-qt -reindex
2. only left wallet.dat in the user directory and -reindex
3. started with an empty user directory and -reindex
4. got bootstrap.dat and -reindex
I always waited for hours/days but at some point it always got stuck... best was 50 weeks
My machine shouldn't be the problem:AMD Phenom X1090 6x3.2 Ghz, 16GB RAM, SSDs.
What else could I try (besides of using an online wallet)?
Thanks for any hints...
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Hi there, I am mining some FRC with bfgminer and a little USB miner on a p2pool. Bfgminer reports the following: [2013-07-18 07:25:24] Longpoll from pool 0 requested work update
[2013-07-18 07:25:36] Accepted b704c0e2 ICA 0 Diff 1/1
[2013-07-18 07:25:47] Longpoll from pool 0 requested work update
[2013-07-18 07:25:49] Longpoll from pool 0 requested work update
[2013-07-18 07:26:00] Accepted 54fde90f ICA 0 Diff 3/1
[2013-07-18 07:26:12] Longpoll from pool 0 requested work update
[2013-07-18 07:26:20] Longpoll from pool 0 requested work update
[2013-07-18 07:26:22] Accepted 0da414ce ICA 0 Diff 18/1
[2013-07-18 07:26:23] Longpoll from pool 0 requested work update
[2013-07-18 07:26:32] Longpoll from pool 0 requested work update
[2013-07-18 07:26:34] Longpoll from pool 0 requested work update
[2013-07-18 07:26:36] Longpoll from pool 0 requested work update
[2013-07-18 07:26:39] Longpoll from pool 0 requested work update
[2013-07-18 07:26:40] Longpoll from pool 0 requested work update
[2013-07-18 07:26:59] Longpoll from pool 0 requested work update
[2013-07-18 07:27:03] Accepted 420e2feb ICA 0 Diff 3/1
[2013-07-18 07:27:06] Longpoll from pool 0 requested work update
[2013-07-18 07:27:13] Accepted af4bfe2e ICA 0 Diff 1/1
[2013-07-18 07:27:20] Longpoll from pool 0 requested work update
[2013-07-18 07:27:28] Longpoll from pool 0 requested work update
[2013-07-18 07:27:53] Longpoll from pool 0 requested work update
[2013-07-18 07:27:58] Accepted c47f63ab ICA 0 Diff 1/1
[2013-07-18 07:27:59] Longpoll from pool 0 requested work update
[2013-07-18 07:28:01] Longpoll from pool 0 requested work update
[2013-07-18 07:28:01] Rejected e5006553 ICA 0 Diff 1/1
[2013-07-18 07:28:02] Longpoll from pool 0 requested work update
[2013-07-18 07:28:11] Longpoll from pool 0 requested work update
What does the message "Longpoll from pool 0 requested work update" exactly mean? And what does it mean that there are more of these msg than the "accepted" msg? Everything ok or would it mine more efficient if less of the "work update" msg would be visible? |
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I wondered how many Jalapenos BFL will have to deliver before my unit (ordered on January 2, 2013) will be processed. I scraped some data from http://bfl.ptz.ro/ pivoted it, and tried to make a diagramm you see below. If you don't see anything, log into your google account or look at this album on imgur: http://imgur.com/a/4WVn9#0. The diagrams are made with google spreadsheet and somehow are onyl visible when logged in. Jalapeno orders:  An here are the Little Single orders:  These are the Single orders:  And these are the Mini Rig Orders:  Note that the numbers from http://bfl.ptz.ro/ are not complete and may contain errors... but still I think the diagram contains some info... at least the info that there where not so many orders between October 2012 (which they are processing now) and my order in January 2013. But remember, there might be many more orders... If you think these diagrams helped you in any way, feel free to spare some satoshis (BTC): 1DEEGch7eG4mSbkpCiGcnCLPWC4m1pGYeu |
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I give a way 10 Freicoins (FRC) for the first 10 users who post a valid Freicoin adress into this thread. Get the client at http://freico.in, generate an adress and post it here. |
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