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April 16, 2014, 04:00:03 PM *
News: ♦♦ A bug in OpenSSL, used by Bitcoin-Qt/Bitcoin Core, could allow your bitcoins to be stolen. Immediately updating Bitcoin Core to 0.9.1 is required in some cases, especially if you're using 0.9.0. Download. More info.
The same bug also affected the forum. Changing your forum password is recommended.
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321  Other / Alternate cryptocurrencies / Re: SAD NEWS Mikhail Sindeyev (thecoder) has Died Suddenly on: February 19, 2014, 03:34:27 AM
Condolences to the family and friends. There are few people lucky enough to contribute and leave permanent footsteps in a cause of such sweeping importance. This is yet another reminder of how small the world is becoming and how important we are to each other.
322  Bitcoin / Bitcoin Discussion / Re: Money Laundering on: February 19, 2014, 12:33:08 AM
I never know whether to use hot or cold water, but what I learnt the hard way is not to use too much bleach.  Grin
323  Bitcoin / Bitcoin Discussion / Re: Miami arresting people for use of Bitcoin on: February 18, 2014, 03:06:58 AM
It makes sense that Miami, the illegal drug capital of the world, would voraciously chase money laundering criminals. If the piggies set up a sting they were being watched for a long time. Who knows how much drug money localbitcoins has laundered in the last couple of years. The downside isn't that the idiots were caught but that yet another negative media report exists showing John Q Public that Bitcoins are only for criminals. Lovely!
Some sting operation. They go after guys that advertise publicly for their service. Wow! If all criminals did that, the Florida cops could just meet all of them at the donut shop.
324  Bitcoin / Bitcoin Discussion / Re: MUST READ article on our bitcoin future on: February 18, 2014, 02:57:30 AM
A PAINFUL article and thread. Score for D&T with assist by Justus. Clearly a pump for Z-whatever coin. BS (the article author) may make no apologies, but the OP owes us one.
325  Other / Alternate cryptocurrencies / Bitcoin2 developers: the smartest men in the room on: February 18, 2014, 12:29:14 AM
Nothing attracts money like money. Bitcoin is starting to attract money men. First they tried manipulating the markets. That didn't have the volume for real profits. They tried hedge funds, not enough interest. Now they found their niche. Bitcoin2 altcoins are fresh, exciting, attract  VCs, and are highly useful. But what are they really doing? Are they altruistically creating these currencies for the betterment of mankind? I don't think so.

First there is colored coins, now this is the Genesis of Bitcoin2 technology. It is open source and promises to take Bitcoi to the next level of versatility. There is a working alpha version that uses testnet coins that are free. So why aren't the VCs backing it? Enter Mastercoin. A premined manually generated Bitcoin2 coin with very limited usefulness. Then comes the marketers. VCs climb on board and hype it to the point of attracting some real development funds. However, it is not open sourced like colored coins. Well, part of it is on the client side, but not the part that really counts. Mastercoin is a centralized coin at its heart.

So the money guys found a way to get investors to develop a proprietary engine by selling their test coins for a lot of money. What will they do with Mastercoin when they are finished developing? Perhaps they will sell it to financial firms that will market their own Bitcoin2 coins. What will happen to Mastercoin holders when the market is flooded by VisaChargeCoin, MasterExpressCoin, etc.? By then Mastercoin will have dumped their premined reserve coins, or gave them away as premiums to their customers.
326  Other / Alternate cryptocurrencies / Re: 6 Crypto Currencies to Hold Long on: February 17, 2014, 11:50:04 PM

Bitcoin2 coins that copy the Mastercoin and colored coin techniques will be local currencies only.
327  Economy / Speculation / Re: Bitcoin trending down. Dogecoin trending up. on: February 17, 2014, 11:41:54 PM
Doge is the Jerry Lewis of coins. Nobody takes it seriously. It is always considered a sidekick to Bitcoin. Nobody thinks it's funny anymore, except the French.

*Apologies to Mr. Lewis, I still think he's a little funny, but I'm half-French.
328  Bitcoin / Development & Technical Discussion / Re: What if the wallet was you. on: February 17, 2014, 11:02:56 PM
Apple does it already to decrypt the keychain on iPhone 5s with your fingerprint. You just have to drop your keys in the keychain and the OS will take care of securing it for you.
I wonder how many have had a finger stolen along with their iphone?
329  Economy / Speculation / Re: BTC has been overpriced all along? Will stabilize around 200-400? on: February 17, 2014, 08:41:02 PM
Will stabilize around 30-40 usd
I presume per millibit, of course.
330  Bitcoin / Project Development / Re: new approach to altcoin design, create it bitcoin dependent( doc only ) on: February 17, 2014, 09:05:49 AM
Will any part of this not be open source?
331  Bitcoin / Project Development / Re: new approach to altcoin design, create it bitcoin dependent( doc only ) on: February 17, 2014, 06:40:29 AM
How is this different from Colored Coin, Mastercoin, or Etherium?
332  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 06:19:23 AM
single black swan event could wipe BTC out
Tell that to all gov, hacker, bank trying to wipe btc out since 2 years

Interesting then that the most damage has been done by an insider, isn't it?

Look, I'm not making predictions, just saying making predictions is in itself unwise.  

My old science teacher told me the only certainty he could tell us was the sun rose in the East, travelled across the South sky and set in the West.  I moved to Australia and discovered even that was partly untrue.

Don't close your mind to possibilities.

It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.
333  Other / Meta / Re: Get Donator status by donating 10 BTC on: February 17, 2014, 05:41:56 AM
There is now a forum section accessible only to donators/VIPs.

Didn't you get an invitation?  Grin
334  Economy / Economics / Re: Trend reversal on: February 17, 2014, 05:31:05 AM
Why do I bother? Your FUD is unpaid propaganda. Thank you for your voluntary service. The volatility you folks produce gives me free bitcoins. Keep up the hard work. Honey badger.
335  Economy / Economics / Re: Trend reversal on: February 17, 2014, 04:59:19 AM
Price is making lower highs and lower lows.  Just because one is constantly thinking bullish in Bitcoin doesn't mean the first higher low is even that; much less a reversal.

You're in a downtrend.  There is nothing except your own bias telling you to buy now.
Maybe you didn't hear about Mt Gox? We're not in a trend reversal, we're in a full blown market crash. This was not a slow reversal. Crashes end and the market will correct.
336  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference is coming to Dubai! on: February 17, 2014, 04:48:39 AM
I just saw that a pizzeria in Dubai is taking BTC.  Maybe they would be interested in participating with the conference somehow?
Do buy some pizza.  Grin
337  Economy / Economics / Re: Bitcoin and The Crashing Game on: February 17, 2014, 04:46:14 AM
Sounds like someone panic sold. HODL next time.
338  Economy / Speculation / Re: BTC has been overpriced all along? Will stabilize around 200-400? on: February 17, 2014, 12:58:05 AM
The waters are muddied not just because of alt coins, but because there are derivative coins dividing the market. If they are what they claim to be, then they will allow Bitcoin to once again surge upward. If they turn out to be pre-mined centralized coins and not decentralized open sourced coins, then they may set faith in Bitcoin back a step. If we see some real innovation that is useful for large business to adapt, then expect another bubble. Innovation is the key to adoption. Right now the price is where it needs to be.
339  Bitcoin / Project Development / Re: ChromaWallet (colored coins): issue and trade private currencies/stocks/bonds/.. on: February 16, 2014, 07:29:32 PM
I hope to see this soon. The waters are getting muddied by centralized scamcoins that claim to be Bitcoin protocol overlays yet require closed source api servers that reserve the right to restrict access. I'm not trying to rush you, just do it right and show these scammers that there are no shortcuts. Counterparty (that name was my idea for an escrow betting coin in 2012) is pretending to be decentralized. Mastercoin may work, but seems too fragile and will probably sacrifice decentraliztion to avoid double spending. Ethereum is nothing but a hodgepodge of ideas, vaporware, and hype.

 Colored Coins at least has your pledge to release open source chroma servers. Bitcoin deserves nothing less.
340  Economy / Economics / Re: A Resource Based Economy on: February 16, 2014, 01:28:56 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.

We're talking about free markets and voluntary exchanges, slavery is not a voluntary exchange.

In slavery, the ones in pain are actually the product.
There is a voluntary exchange between the buyer and the seller.

And it's a fine example of how the efficiency of the market has nothing to do with the 'goodness' of the situation.
This is why science isn't about morality. It would be interesting to see some of these "free marketers" become products themselves. They might provide interesting data.
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