If anyone is interested in how exactly did the DAO attack take place, this is excellent reading material. It is a bit technical.

http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/

Hey all,

I've been into altcoin development for a while, helped with some projects here and there. Lets start something fun. What kind of altcoin do YOU want ? Lets come up with some great features here and develop it ourselves, for ourselves.

[Isn't Bitcoin usable in an offline environment ?]

Hello all,

I've read that Bitcoin can be a payment infrastructure for IoT. Some projects like Ethereum have promised to deliver features into the blockchain that can facilitate payments between smart objects. As I've seen Bitcoin transactions must be done online and can't be processed offline. Does this imply that every object that wants to transfer money has to be online ?

Isn't Bitcoin usable in an offline environment ? (with technical changes of course)

Looking forward to your responses.

Hello,

I hold an MSc in Data Security and I have been a professional software developer (mostly Java/J2EE/C#) for 6 years. The whole cryptocurrency hype has attracted me and I am ready to contribute. If anyone is interested in my skills please do not hesitate to reply in this thread.

Thank you

Hello,

Does anyone know any bots that exchange alt coins in an exchange (like MintPal or Cryptsy) ?

For example you've got 1 btc, a high trend in DRK causes the bot to exchange BTC/DRK, another trend in DOGE causes to convert to DRK/BTC -> BTC/DOGE, at the end DOGE/BTC and you've got 1.1 btc.

Seems fun 

Hello,

I have understood that someone comes up with a new coin X (X may not even have a new innovation, or a big step forward). As X has no value yet, miners/pre-buyers get interested in the coin, because the difficulty is low, the coin is cheap, and it may have value in the future, no harm !
What I don't understand in this ecosystem is who buys X so X gets its value ? Whats the problem with BTC/LTC/DRK/... that some people will start buying X ? Are the people buying the coin the ones who want to profit from hording it, thus giving X value ?

Thanks !  

Hello,

As a fact the banking interest rate is different between countries. For example in the country I live in, Iran, the banking profit rate is as high as 20% profit a year. If you deposit $100 in your account, you will have $120 at the end of the year (see http://en.wikipedia.org/wiki/Banking_and_insurance_in_Iran#Rates). This is a result of high loan interest rates and inflation in our country. As another fact, people in other countries don't have access to Iranian banks, as they are embargoed. Also Iranian banks only open bank accounts for Iranian residents.

Idea: Open an Iranian bank account for people living in other countries and give them their interest.

Before Bitcoin this was impossible, as foreigners couldn't have financial transactions with Iranian people. Now it is possible, but there are many complications:

How would you trust me (as a business) with your hard earned BTC ?
As I know I am not running a ponzi scheme (interest is built by the bank) how can I prove it ?

Any other ideas are appreciated !

Thank You