The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested. The claim was first posted on Reddit yesterday, with user 'btcdrak' asserting: "The Computer Misuse Act 1990 in the United Kingdom makes it an offence to deliberately cause disruption to computer systems with intent." Eitan Jankelewitz, associate at UK law firm Sheridans, said he would tend to agree with this assessment. The aim of these stress tests is to verify whether the bitcoin network is capable of handling a large stream of very small transactions. CoinWallet’s first test in June aimed to fill blocks with 105 BTC worth of miniscule transactions, but reached just 15% of its 200MB goal before its servers crashed. "I’m inclined to say there is a good argument that the CoinWallet stress tests would be a breach of section 3 of the CMA 1990," Jankelewitz said. Source: http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/ |
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No Payment Yet! What happened with your Bot!? Can you check it please!!!
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"Make the BTC symbol and put it next to a artificial reef" is better idea than a Banner. Keep going on this idea and all the best.
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The blockchain is seen as the main technological innovation of Bitcoin, since it stands as proof of all the transactions on the network. A block is the ‘current’ part of a blockchain which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. There is a countless number of such blocks in the blockchain. So are the blocks randomly placed in a blockchain? No, they are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block. The ever-growing size of the blockchain is considered by some to be a problem due to issues like storage and synchronization. On an average, every 10 minutes, a new block is appended to the block chain through mining. And I agree with: On the other hand, the second vision of a long term saving medium and international payment network is more inline with the unique strength of bitcoin: Limited supply, censorship resistance and trustless transaction. No existing financial solutions can compete with bitcoin in these area, so it will quickly occupy the market where these properties are desired and become the leader
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If you really want to go for it, ask for 10+ Bitcoin (reasonable) and upfront!!
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Everybody has a price, and apparently a cost. Human organs, it should go without saying, aren’t traded legally in the white market — where the high-powered business deals and Wal-Mart sales happen every day. They’re traded instead on the black market, and they aren’t cheap.
So this is the another Black Market which actively involve Bitcoin in future.
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hi,
i need the accounthistroy of my mtgox account.
is there any way to access my account history?
because if i log in i just can see my balance when all went down.
i read that there was a hack which leaked the data about account histories etc.
is that legit and accessible?
are there any other option?
thx for your help
It is not possible to obtain account history of MtGox. Because the site is down and no database is available. If any hacker offer the Account History of MtGox, you may check it. |
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I've written a proposal for the Bitcoin symbol BTC to be added to the Unicode standard. This would make it much easier to use the BTC symbol in text. The proposal is at http://righto.com/bitcoin-unicode.pdf. I've successfully proposed the addition of a symbol to Unicode before, so I'm familiar with the process. Take a look and let me know of any errors. If you are known in the Bitcoin community or represent a company, please let me add your endorsement to this proposal - your support will help sway the Unicode committee. Thanks, Ken Great job. I really appreciate your work. I hope Unicode Committee can accept Bitcoin symbol soon. |
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Let's look at the symbols. 1) Bitcoin XT Allows the block size to increase exponentially to the point, where home-based nodes will no longer be able to participate in consensus. Wanna vote yourself out of Bitcoin? Great, this way! Head for the >> (e)X(i)T (check the actual logo). 2) Bitcoin Core Wants to artificially cap the block size in order to popularize sidechains solution, which by design introduces systemic risks to a single transparent unified ledger, as it intends to take most of bitcoins out of circulation. "Bitcoin Core Released" anagrams to "deliBerate CoeRcions". That doesn't sound very good, does it? 3) Bitcoin as Satoshi created it. Doesn't have any suffix, prefix or any other strings attached to it. That's the one that has a static limit on block size baked in, but big enough not to limit Bitcoin's growth until it is reached. I argue, that the path of the original true Bitcoin is the one, where static limit is raised to 8Mb. If we look at the table below from the perspective of a block size increase, we will see one simple truth: Option Action Result Bitcoin XT CHANGE CHANGE Bitcoin Core NO CHANGE CHANGE Bitcoin CHANGE NO CHANGE Sometimes things need to change in order to stay the same. Note, that option [NO CHANGE -> NO CHANGE] doesn't exist, that's how evolution is built into the system. Do we always need celebrity figures to provide it for us, to spoon-feed us everything we need? How many of you have built the software you are running? The instructions are out there, it's not rocket science. The path has been shown. Are you the ones to walk the talk? Time to grow up. Bitcoin XT try to change Bitcoin as Altcoin. |
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Latest updates on this issue: Blockchain co-founder Nic Cary told CoinDesk the downtime was down to the company "installing some new equipment", adding that it has been "growing fast" lately.
The company’s outage follows a six-hour period of downtime experienced by global bitcoin marketplace LocalBitcoins earlier this week.
LocalBitcoins’ community manager 'Max' said in a post on Reddit the problem was related to server issues: "It seems a server got hung up ... We're about to move to new equipment as the current servers are quite old, sad that they had to crash before we moved."
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OpenBazaar Can't competitor to eBay in anyway. But OpenBazaar is good platform for Bitcoin users to shopping.
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is bitcoin going to survive the bitcoin stress test
Is the Bitcoin stress test already started? What is the schedule? |
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What happened to Blockchain.info?
When I check for an address, I get the following error: Got error 157 'Unknown error code' from NDBCLUSTER
Any one have any information on this issue?
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Most major Bitcoin mining outfits (21 Inc., BitFury, BTCChina, etc.) support BIP 100, whereas amid services (BitGo, BitPay, Circle, Blockchain.info, etc.) most support BIP 101.
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Participate in Faucets and Signature Campaign to earn Bitcoin without investment.
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Where are you from? If you are from India, Unocoin can help you in this matter.
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What ever the reason, this must be a good news for Bitcoin Users. Bitcoin has Bright Future.
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Yes the Bitcoin Robot is a scam. I bought 10 bitcoins. I used the robot and it brought my bitcoin number down to 2.774 as it made more losing trades than winning trades. I turned it off when I realized what was happening.
This story is nothing but good news for Bitcoin Trading Exchanges. As the bot continues to trade on the open market, Bitcoin Exchanges will keep earning a commission. Bitcoin Exchanges collects a 0.2-0.5% fee on every trade.
Whether or not you decide to automate your trades, the basic rules apply: don’t trade more than you can afford to lose, and don’t go into any investment without at least a basic understanding of what you’re doing.
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Also, personally, I wouldn't feel safe having a large amount of coins in an unencrypted wallet. I would just connect a clean computer to the internet for a minute to encrypt the wallet. If someone ever accidentally gets the same private key somehow, it is still safe.
No, it is not. You obviously do not properly understand how the system works. If someone ever gets your private key, your coins are gone. No matter how many times you've encrypted it, nor how many hardware/software wallets you've used. The encryption (within Core) of a wallet (e.g. wallet.dat) prevents people from sending money from your addresses that are contained in it. If you use a external encryption (outside of the software) it still only prevents access to the file. However, if someone has your private key, they simply run Core and enter: importprivkey thePrivateKey "TheLabel". The person can then spend whatever was on the address. Though there has been some news about the possibility of hackers installing a backdoor in the cold storage system, the method of securing a cryptocurrency with a cold storage is still by and large the best. Web based wallets are most prone to attacks by hackers and when the web links are snipped, cold storage becomes a safe place for the cryptocurrency you own. |
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