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1  Bitcoin / Bitcoin Discussion / Beware: "mtgox" yubikey trojan/phishing email on: November 19, 2011, 04:00:47 PM

I recently received an email claiming to be from mtgox (It most certainly isn't)

Quote
From: MtGox <noreply@mtgox.com>                                                 
Subject: Protect your Mt.Gox. account using Yubikey!                   
       
Protect your Mt.Gox. account using Yubikey!                                     
We have attached your own personal Yubikey.                                     
Download and install it.                                                       
Mt.Gox. Team

Content-Type: application/octet-stream; name="MtGoxYubikey.exe"

I've not been crazy enough to do anything with the exe file other than delete it.
2  Other / Off-topic / Forum: Can I hide unread russian posts? on: August 10, 2010, 02:50:36 PM

I often use 'Show unread posts since last visit' to view the posts I've not read.
Currently I just view all the threads I'm interested in and then mark the rest as read.

Since I don't read russian, is there a way to exclude posts in the russian forum from that view?

or can I automatically mark them as read?
or do I just keep doing what I'm doing?
or should I just learn russian?



3  Other / Off-topic / Handshaking triangle avatars? on: August 09, 2010, 09:49:51 AM
What's the story with the handshaking triangle things people are using for their avatars?

eg:



I think I've seen one or two others around too..
4  Bitcoin / Bitcoin Discussion / Your Bitcoin "Elevator pitch"? on: August 06, 2010, 02:17:09 PM
Recently on IRC someone said:
"I could've presented the system more clearly, but you know, bitcoin is a very difficult thing to explain briefly"
I've also been thinking a lot about how to briefly and accurately explain Bitcoin to people.

What might be your Elevator pitch for Bitcoin?



5  Economy / Economics / Lending at negative interest rates. (People like bigger numbers.) on: August 02, 2010, 08:14:45 AM
In a thread in the general discussion forum bytemaster made what I think is an awesome post. Unfortunately the thread then wandered in a different direction, but I thought the post merited further discussion, and this was the best place for it.

In a highly deflationary environment lenders would lend money at negative interest rates and still make a real profit. 

The real problem is that people like the idea of numbers getting bigger more than they like the idea of smaller numbers doing more.    Who wants to take a nominal pay cut! 

So to counter this mental handicap of society, it may make sense to simply debase the currency via a "stock split/rebasing" to keep a basket of goods a constant nominal BTC value.   In effect this would make the "real return on investment" caused by deflation tangible to the thick headed public that thinks 4 pennies is better than 1 nickel because 4 > 1. 


Assume the number of goods in the economy grows at 5% per year. 

Normally Joe earns 100 BTC this year and a gallon of milk costs 100 BTC.   The economy grows by 5% thus the price of milk would fall to 95 BTC; however, the nominal BTC value of Joes labor also fell and his boss gave him a 2% nominal pay cut and the average Joe gets ticked (too stupid to realize he really got a 3% raise). 

Now if you "rebase the currency" then the price of milk will remain 100 BTC, Joe's boss gives him a 3% raise and the average joe is "happy" even though his employer really gave him a real pay cut!  But because the price of milk stayed flat "joe" feels richer (and he IS richer because all of society has more goods), but not as relatively rich as he would have been under deflation.   

Where as if we did not do any "stock splits" Joes salary would have fallen to 98 BTC but milk would now cost 95 BTC. Clearly hie is richer.     

In my view it is a GREAT THING when someone loses their bit coins because the value (read purchasing power) of lost coins gets evenly distributed among all other coins. This is a WIN for all of society except the poor sap who lost his coins.

Discuss.
6  Bitcoin / Bitcoin Discussion / Bitcoin snack machine (fast transaction problem) on: July 17, 2010, 02:33:41 AM
How would a Bitcoin snack  machine work?

1) You want to walk up to the machine. Send it a bitcoin.
2) ?
3) Walk away eating your nice sugary snack. (Profit!)


You don't want to have to wait an hour for you transaction to be confirmed.
The vending machine company doesn't want to give away lots of free candy.

How does step 2 work?

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