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1461  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 06:26:37 AM
Gox is tanking  Cheesy

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!

Makes little sense does it (giving Mark more money in fees)....I have coins stuck on there but refuse to trade for this reason.

Mark is brilliant. Make fiat and Bitcoin withdraws impossible and let people trade their balances until fees whittle everyone to 0! What a wonderful business plan!
1462  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 06:21:44 AM
Gox is tanking  Cheesy

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!
1463  Bitcoin / Armory / Re: Armory and transaction malleability - a 'non issue' ? on: February 12, 2014, 05:22:04 AM
I think I've grasped this malleability issue, but is it just me or is it really a non issue with reference to the core Bitcoin protocol?, i.e. current advise is to wait for 6 confirmations to safely assume your transaction is 'bedded in' to the block chain.  The transaction IDs are different due to the 'relayer' created a second one but each input and output is identical (addresses, TXID, amounts etc), therefore only one will be accepted anyway !!

so I kinda agree with those saying this is more about the way the exchanges are working as opposed to a 'bug'.  

Let's say you have a new wallet. You've funded your wallet by sending some coins to an address using a single transaction. Now that you have a balance, you want to spend/send some coins. You send a few coins to vendor A. A little while later, you find something you want to buy at vendor B. So, you go ahead and send some coins to vendor B. Let's say there were no blocks found in the time period between your two purchases.

The coins you've sent to A were already confirmed and your wallet software allows you to send them.

The coins you've sent to B were not confirmed (they were change from the first transaction and there has been no block), yet your wallet allows you to send them anyway.

If the transaction you sent to A was changed by the bot currently attacking the network and the changed transaction is accepted in the next block, the transaction to vendor B will be invalid (never included in a block).

You won't lose any coins in the process, but some users might not understand why their second transaction was invalid.

Having unexpected things occur is not acceptable when dealing with wallet software. This is how the current version of Bitcoin-Qt works.

If you don't understand my post, here is someone with far more technical knowledge than me explaining it: https://bitcointalk.org/index.php?topic=460944.0

1464  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 12, 2014, 05:05:48 AM
You should remove Mt.Gox for the top, you could replace it with Coinbase US exchange.
Coinbase is not an exchange

Neither is Gox.
1465  Other / Politics & Society / Re: The city that told Google to get lost on: February 12, 2014, 05:03:34 AM
The city that told Google to get lost

http://www.theguardian.com/technology/2014/feb/10/city-google-go-away-oakland-california

"Highly paid employees are pushing up rents near the tech giant's California headquarters, forcing locals out and destroying communities, say activists. Now Oakland's residents are fighting back – hard. But are they too late?"


Surely it's not the employees pushing up the rents but the landlords?

Perhaps it's simply supply and demand.

When you can sell something for $5, do you sell it for $1 instead?
1466  Bitcoin / Bitcoin Discussion / Re: The transaction rebroadcasting spam bot on: February 12, 2014, 04:59:31 AM
Sometimes I dig holes in the back yard only to fill them back up again.

Haha! Wait until you try to measure how much dirt is in one of those holes Wink

I think he thinks hes smart.. Hes trying to take credit for something he didnt do.

No, you've misinterpreted.
1467  Economy / Speculation / Re: Bitcoin-wide DDOS attack - NOT GOX SCAMMING! on: February 11, 2014, 11:48:48 PM
In a week or 2 times this whole thing will seem like it never happened.

How well has your wishful thinking served you up until now?

Will it be different this time?

I can't answer for the OP, but my wishful thinking (if you want to call it that) has served me wonderfully.

I sure hope it won't be different this time.
1468  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2014, 11:47:44 PM
Theories as to why Stamp is still higher than Gox?

They haven't proven themselves to be total incompetent idiots?
1469  Bitcoin / Bitcoin Discussion / Re: What is happening to Bitcoin is positive on: February 11, 2014, 11:42:55 PM
Its almost "good" that everyone thinks this is the downfall of Bitcoin.

Because they are going to look a wee bit foolish when they see it recover.

I don't know. No one cares about the people who said the same thing in the past. Many of them are still saying it!
1470  Bitcoin / Armory / Re: Armory and transaction malleability on: February 11, 2014, 11:30:52 PM
I workaround would be that Armory disallows 0-confirmation inputs even in the case when it has just created them itself.  That would of cause have a negative usage impact as well.  Hmmm....

I think this negative impact would be less of a negative impact than having transactions go invalid.

Saying "No" from the start is preferable to saying "Yes" then "Sorry, I was wrong".

Edit: Perhaps an error message along with "No" would be prudent, something like, "No confirmed inputs currently available, please wait for the next block before sending."
1471  Bitcoin / Bitcoin Discussion / Re: isn't mtgox breaking normal commercial trading laws? on: February 11, 2014, 10:58:19 PM
Does it matter if they were? It doesn't take a rocket surgeon to realize avoiding an exchange which consistently provides poor service and poor communication is a good idea!
1472  Bitcoin / Bitcoin Discussion / Re: What is happening to Bitcoin is positive on: February 11, 2014, 10:56:18 PM
A lower (or falling) exchange rate does not help distribute coins to more people.

Sorry.
1473  Bitcoin / Bitcoin Discussion / Re: Let's stop all transactions, right now! on: February 11, 2014, 10:54:33 PM
There is no reason to stop transactions, they work fine if you are using properly coded clients.

A lot of people seem to overreact to this malleability issue without fully understanding the problem.

I personally don't care if my "transaction ID" is changed because it doesn't affect the actual outcome of the transaction.
1474  Bitcoin / Bitcoin Discussion / Re: Selfish Bitcoin holders? Are we now the evil greedy bankers of the future? on: February 11, 2014, 10:51:48 PM
Not speaking of any users directly but This is why bitcoin prices are falling people come here to the forum for help and wanting to work with other people to advance the greatness of bitcoin . What they are met with is sarcasm and criticism instead of people saying “hey man” let’s get this done” . If bitcoin fails it’s because the people failed to do what was necessary for advancement of bitcoin. Seems like holders of bicoin are perfectly ok with just holding their bicoins and praying, crossing their fingers. Just hoping bitcoin makes it through another year. People give Bitcoin value and power. Without people bitcoin is just tiny little .dat file. I am trying to bring more people to bitcoin on a global scale thus increasing bitcoin prices.

I don't think this "cause" will advance bitcoin in the slightest. I apologize if my opinion somehow offends you.

I don't want to post a purely negative response without providing something constructive so...

If, for example, you started an information campaign aimed at helping new Bitcoin users properly secure their coins (teaching them about cold storage, offline wallets, etc.), I would be much more interested in donating.
1475  Bitcoin / Bitcoin Discussion / Re: We need Reverse Transactions on: February 11, 2014, 10:44:12 PM
One of the so-called features or benefits of bitcoin is the lack of any reverse transactions. But in many respects this is a great failing. Wouldn't it be better that if you voluntarily identify you as a legal entity holding a wallet address and that if you did not authorise a transaction (i.e. it was stolen or the goods weren't delivered) that there is a method to reverse that transaction?

What if you could submit that a transaction was illegal to the network and for a miners fee of say 10%, the transaction could be reversed by consensus? And that for addresses that are less trusted that becomes automatic but for highly trusted or fully identified addresses that goes to arbitration by one of many authorities/group of people to determine the validity?

To me, the KEY feature for bitcoin is the de-centralisation and limited quantity of units. But we need traditional services that the financial institutions currently provide for it to be useful. One feature is reverse transactions. without it is a hinderance to progress and why it exists to begin with.

Many scammers on this board I'm sure will happily protest to the idea. It doesn't work to their benefit. Is there any work being done on reverse-transactions in bitcoin?

I love this idea. Please fork Bitcoin (or create an altcoin) with the option to reverse transactions and allow this altcoin to compete with Bitcoin on the open market.

The market will certainly decide which property is more desirable and we can finally put this topic to rest.

Thanks!
1476  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2014, 10:29:53 PM
Its over. This is final capitulation. Move your assets to Dogecoin.

Since fonzie didn't bother to answer, maybe you can.

How have Dogecoin creators addressed the transaction malleability issue?
1477  Bitcoin / Bitcoin Discussion / Re: Need Urgent Investigation on: February 11, 2014, 08:44:51 PM
Money is the root of all problems.

Yes, facilitating trade has done terrible things to society. We need to go back to trading deer pelts for chickens and living in caves.
1478  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin not coming back from "transitioning" period; my plan of action on: February 11, 2014, 08:23:45 PM
DOGE FTW

Can we see a link to some technical information explaining how Dogecoin is unaffected by transaction malleability?
1479  Bitcoin / Bitcoin Discussion / Re: Need Urgent Investigation on: February 11, 2014, 08:22:43 PM
How it is possible that Bitstamp and MtGox have problems, and BTC-e and Chinese Huobi not have this same problem.

Perhaps BitStamp and Gox both use similar methods to track users balances on their internal systems.

Perhaps BTC-e and Huobi use more robust methods to track users balance on their internal systems.

what if tomorrow  BTC-E and Huobi also do it ?

Then more people will panic.
1480  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2014, 08:19:53 PM
3800 transactions waiting to be confirmed, is that normal?
https://blockchain.info/unconfirmed-transactions

It has been much higher during extreme price movements in the past (I believe I've seen over 9000).

It is probably currently higher than normal.
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