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401  Bitcoin / Bitcoin Discussion / Re: Mt. Gox Account Claim Rejected Twice? What next? on: July 01, 2011, 05:51:20 PM
The thing about "only weak password accounts have to be reclaimed" is impossible, as the passwords are stored as hashes. Therefore MtGox can't know if a password was weak or not. So actually everyone needs/needed to reclaim.
O wait, maybe you're right. Maybe (or probably, I did not make a screen print) it said something like that sufficiently strong passwords didn't need additional proof. However, my reclaim was not accepted without additional proof regardless of the complex password.

I asume it does not help much to post here, you should get in touch with mtGox and check what's the reason the claim has been rejected.
For me this is a great place to exchange experiences and to find out if there are other people with the same problem. Which turns out to be true.
In the mean time I'm trying to get mtgox to solve the problem, while ventilating my experiences, sorrows and emotions in here. Smiley

Ok, status update: They did get back to me, I got a new password, but only to find out that my 'pre-crash' balances were 'withdrawn'. No bitcoin address to where the BTCs supposedly were 'withdrawn', and no info about the 'pre-crash' USDs that were in my account.
I R R I T A T I N G
402  Economy / Goods / Re: new real tangible physical bitcoin coin on: July 01, 2011, 08:03:53 AM
I've created a real tangible physical bitcoin.
Ok, so it has no real bitcoin value, but it's a cool novelty coin.

It's a high quality 18k gold plated brass coin, measuring 1.5" in diameter.

Each coin has a unique code on the back that allows you to track where the coin has been using our website.

Best of all... you can buy them with bitcoins! The price is very reasonable.
I'd appreciate some constructive feedback on the coin, website, and service.

http://coinedbits.com


Looks neat. How much is the value of the gold on the coin, in USD?
403  Bitcoin / Bitcoin Discussion / Re: There might be another virtual currency following BTC on: July 01, 2011, 07:59:35 AM
Great but dollars aren't printed by the people. Bitcoins are . My only problem with Bitcoin is that they are limited to 21 mil . Other then that Bitcoins are a revolution in money , fast and almost anonymous  transactions over the hole world with really small fees isn't possible with dollars or any other currency . So bitcoins are better than USD . To me bitcoin is too similar to gold witch I can't understand why it was valuable in the first place apart from it's property of being easy to store because it didn't degrade but bitcoin has some advantages over gold , easy divisible , everyone can mine it for now , will be harder in the future but still possible , easy transferable , maybe others.

Now i would like a currency that looses some value over time to make wealth holders spend it on things that get profit and not sit on them. I Think currency shouldn't be a wealth storing medium.
You got a strong point here. One of the reasons of the succes of the Wörgl Experiment is that the currency was losing its value (got taxed) if one didn't spend it.
404  Bitcoin / Bitcoin Discussion / Re: Mt. Gox Account Claim Rejected Twice? What next? on: July 01, 2011, 06:11:38 AM
I shouldn't have had to claim, as the website said that people with a suficiently complex password would get their accounts back automatically.
But even a password like:     7L8(l^qDx*(_fSG!3n     apparently isn't complex enough.

So I had to reclaim, which I did.
Then the claim was approved but 1 day later my new password was invalidated and I got noo more responses to my requests!
405  Bitcoin / Bitcoin Discussion / Re: PayPal Predicts The End of the Wallet By 2015 on: July 01, 2011, 05:03:27 AM
...physical wallets will be thing of the past in the future.
Not a good thing! The anonimity provided by physical cash is better than the anonymity BTCs provide.
406  Bitcoin / Bitcoin Discussion / Re: Data proves Bitcoins are rising to 1000+ on: July 01, 2011, 05:01:07 AM
Let's assume currencies lose half their buying power in a 10 years period, and that there is a world money supply of 4 trillion USD at the moment.
We know the max. number of BTCs possible is 21 million.
Then the maximum value a BTC could obtain is BTC 1 = (USD 16 trillion 20 years from now)/(BTC 21 million 20 years from now) = USD 750,000.
In current USD value, that would then be about BTC 1 = USD 250,000 as a rough and rounded estimate.

That is the upper limit on the BTC value, assumed that all financial transactions will be carried out through BTC at that time.
407  Bitcoin / Bitcoin Discussion / Re: Is there any currency in the world backed by gold? on: June 30, 2011, 07:38:13 AM
There almost was: The Lybian Gold Dinar.

But 'luckily' the bankers prevented this from happening  Roll Eyes
408  Bitcoin / Bitcoin Discussion / Re: Cracked Passwords List Leaked, were you cracked? on: June 30, 2011, 06:30:58 AM
yes, my password was cracked but i was just testing mtgox with no intention of trading at that time, so it was very weak.
My password was NOT cracked.

My password consisted of 18 characters, of which only 9 alphabetical and of which 3 were capitals.
The rest consisted of 3 randomly chosen numerical characters and 6 non-alphanumerical characters.

The mtgox website wrote after 'the incident' that accounts with 'sufficiently complex passwords' would be re-instated automatically.
Well, that didn't happen. I had to reclaim my account, got a new password. And it worked for 1 day.
Now my password is invalidated and mtgox does not reply to my requests for a new password:
If I go through the "password forgotten" procedure at login, it says it has sent a new password to my email, but non ever arrived.
Now my IP is even blocked 'due to too many failed login attempts'.

There are BTCs and USDs in my account there and I am getting really pissed!
409  Bitcoin / Bitcoin Discussion / Re: So, bitcoin client still use unencrypted wallet.dat on: June 28, 2011, 01:15:26 PM
Propose a scheme. I don't know how to do it so that the upside exceeds the downside. If you do, please share.
If I use GPG for my e-mails in Evolution, for every encrypted e-mail it asks for the password.
Why not implement this also in a bitcoin client: for every transaction the password is required, and the wallet is decrypted but not saved on HD, only in RAM when it is needed for the transaction.
This way the wallet is never decrypted in a file on the HD and is difficult to be stolen.
410  Bitcoin / Bitcoin Discussion / Re: People still waiting for their MT Gox account on: June 28, 2011, 06:41:12 AM
Apparently I had not clicked the "Submit my request" button to on the claim page found in the original link in the original claim request response email.  I'm not sure why the necessity to click the button escaped me, but it did.  I had submitted info, but never clicked the button.

So....maybe now my account will be straightened out?  It would have been nice if someone had pointed this out or mentioned it.  Is anyone else suffering from the same thing?Huh


See if you ever received an email after you started the claim process, it should have a link in it, click the link, submit as much info as you can, and click the "Submit my request" button that is like in the MIDDLE of the page.  I don't consider it very clear that this button needs to be clicked.  It was easy to overlook it or think it was just for submitting additional info.

Anyways, maybe this will helps others.
I found the button, clicked it, got my new password accepted, and now it doesn't work anymore.
If I ask for a new one, I read: "A new password has beent sent to your email address.", but if I check my email: nothing...
Frustrating, because I can't be sure that nobody else has re-claimed my account and took away my balance.
411  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 06:25:40 AM
Quote
A small company with a proven track record of ignoring such reports is no better than a large company full of Kafka-esque nightmare-level bureaucracies.
Ah! So there's your grief!
412  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 06:20:21 AM
I believe you're already involved with britcoin.co.uk ?

I don't know why I'm going to taking the troll bait. Last thread I was supposedly affiliated with tradehill.

For the record: I am not now, nor have I been in the past, directly affiliated with any bitcoin exchange or service offerings. I speak with devs involved with several such project on a regular basis, however, yes, including those involved with britcoin amongst others.

I think it's very good that you do bug testing on MtGox and report the bugs.

But why don't you give MT even a day to fix it before you post it to the forums and mailing list?

Because I firmly believe that this principle has shown time and time again to hold true:

http://en.wikipedia.org/wiki/Full_disclosure

Full disclosure is the only real disclosure.
Did you fail to read the part about responsible disclosure?
http://en.wikipedia.org/wiki/Responsible_disclosure
413  Bitcoin / Development & Technical Discussion / Re: What would you change about the Bitcoin protocol? on: June 06, 2011, 11:58:24 PM
That's not the point. One of the intentions of the BTC is to make micropayments easy and cheap. USD 0.19 (or more) isn't cheap Smiley

No, it's not.

Even satoshi's original paper and presentation mention that bitcoin is not the greatest for micropayments.
Edit:
I need to be very humble because you people have put so much effort, ingenuity and skills into this program, and I'm just a newcomer/user of the system, but I really have fun taking part in this kind of conceptual discussions.
So I wanted to say that I think that probably you are right and Satoshi is right.
And I think we can make it better, no? (Oops, excluding myself from the 'we', because I'm a very poor programmer.)  Roll Eyes

After checking his whitepaper I found this:
Quote
"The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions..."

Mentioning this as a disadvantage for 'old' currency in a paper in which he proposes a new one, means for me that he intends the bitcoin to perform better in that respect. Sorry if I missed later posts on this forum in which he states otherwise, but that's how I read it.

And a micro-payment requires a micro-fee, so I think the only fixed parameter for the minimum payout of a fee, would be the minimal denomination of the bitcoin, i.e. something like 10^-8 BTC(?).
414  Bitcoin / Development & Technical Discussion / Re: What would you change about the Bitcoin protocol? on: June 06, 2011, 05:49:36 PM
I'm not confused, the requirement is implicitly made by having hard coded values.  I obviously didn't make that clear.

Tell me, now that bitcoins are approaching $20 how these 0.3.19 clients send me 19 cents without a 100% fee?

They set their transaction fee to 0.00 BTC and then send you a transaction. It may take a while to confirm, but you'll receive it.
Yes, but the point was to have a small fee that can be sent as a reward for the verification.
It's not very nice if you're only left with the choice between sending a huge fee (BTC 0.01 when USD 1 = 1 UBC) or none.
Quote
Tell me, other than with Bitcoin, how can you send $0.19 to someone electronically without paying a 100% fee?
That's not the point. One of the intentions of the BTC is to make micropayments easy and cheap. USD 0.19 (or more) isn't cheap Smiley

On the other hand, if you'd parameterise (sorry for my UK English) the fee, who is going to decide about a new fee? Some centralised agency (Satoshi and/or Gavin)?
Or the program itself, based on ... yeah, what exactly? Exchange value of the BTC/USD?
Or maybe some kind of closed feedback loop with a fixed (hehe, here we go again: why not also parameterised?) difficulty setpoint?  Undecided
415  Bitcoin / Bitcoin Discussion / Re: Bitcoins: designed to fail on: June 04, 2011, 11:25:14 AM

I don't think the creator's intention was to design a currency of which 1 coin would ultimately be worth +/- 1 million dollars.  I think his intention was to design a digital currency that is distributed, decentralized, and pseudonymous/anonymous.

Not to take over all the other currencies?
It's a little bit a pity that 'they' didn't do some 'back of the envelope' calculations like this.
But hey, they did a great job anyway  Cool
416  Bitcoin / Bitcoin Discussion / Re: Bitcoins: designed to fail on: June 04, 2011, 11:22:49 AM
Bitcoins will fail because no government on earth will let it be legal with something that they cannot control or get taxes from.

I think they will create something similar except that it will let all transactions be recorded.

But I still think bitcoins will be used as a black market for trading illegal things and for avoiding taxes.

Druglords and mafia can use bitcoins and only the italian mafia is extremly big, than you got the triads, the yakuza the mexicans etc.

So it will probably have some value.

Yes, I agree with that one. Bitcoins are too great a threat to the interests of the banking cabal for them to just let it take over their business. And not only business, as one Rothschild bankster already has said: 'Let me control the issue of money in a country, and I do not care who writes its laws. Because he who has control over the issuance of money, has control over the country. And I control the issuance of money.' or something close to that. We are talking here about taking control over the world out of the hands of the biggest and wealthiest (banker) families on the world, who have shown not to be shy of (having countries) starting wars to protect their interests (in two meanings) and wealth.
No doubt, as bitcoin will grow, governments, controlled by the banks -- and that includes much like all countries, except (what a coincidence) those on the 'axis of evil': Venezuela, Libia, Iran, Afghanistan (oh no, we 'solved' that one), Syria, North-Korea -- will crack down with full force on the network.
First demonising it: "Used for laundring money, drug traficking (of course the CIA is a big user of bitcoin), weapons dealing and child porn." as if the USD isn't used for this.
Then by demonising everybody who dares to use it.
This will be combined with encroaching legislation: forbidding the exchanges to keep it a virtual currency, then forbidding the network traffic of it (deep packet inspection), forbidding TOR, restricting access to internet until everybody HAS to connect every service through an ISP portal (this will be combined with a total monopoly of the big ISP corporations).
Then SWAT-team like crackdowns on the exchanges and ultimately on the private households that are using the bitcoin network (and are listed now 'as we speak') and will continue to use it after the legislation has been passed that outlaws the use of it.
Then it will be a black market thing, with high fines and imprisonment for 'perpetrators of economic crimes'.

417  Bitcoin / Bitcoin Discussion / Re: Bitcoins: designed to fail on: June 04, 2011, 11:05:24 AM
And it can be changed to divide further.
Great to see that! Thanks for setting things straight.

And for the rest of respondents like FreeMoney, mewantsbitcoins, mintaka, proudhon: I had a good laugh with your replies  Grin

Still, I don't see why you'd want to design a currency of which 1 coin would ultimately be worth +/- 1 million dollar?
418  Bitcoin / Bitcoin Discussion / Re: Bitcoins: designed to fail on: June 04, 2011, 10:15:26 AM
Does this make the bitcoin ultimately usable as a worldwide currency, replacing current currencies?
I think not, and it's built-in.
lol, question talker...nobody likes them.

also...get your facts straight.... read: http://bitcoin.org/bitcoin.pdf

secret hint: each bitcoin can be devided by 10^8 ....now please do some more fancy calculations


Just teasing  Grin  ... No, actually I was just worried to death that a bigtime failure was built in.
But let's get back to the facts indeed: then 1 micro bitcoin / USD makes BTC 1 / 10^8 = 1 dollar cent.

That means... yehey!, you're right.

Doom and destruction aren't neigh!

Ok, so the dollar cent is hiding inside the smallest possible denomination of the BTC.
Now, either this is an ingenious hint of premonition regarding the utmost stability of the BTC's value, or still 1 or 2 orders of magnitude short.
In my opinion it is the latter.
419  Bitcoin / Mining / Re: 6990 rig setup help (b) on: June 04, 2011, 10:01:30 AM
This thing emits enough power to run support hardware and 3x6990s (Club 3Ds).

I dare to disagree with you on that.
Or, at least I have some serious doubts.
420  Bitcoin / Bitcoin Discussion / Bitcoins: designed to fail on: June 04, 2011, 09:48:29 AM
The world's wealth in 2007 was more or less 150 trillion $ (USD 1.5 * 10^+12) [1]
The number of people living on earth is more or less 7 billion (7 * 10^+9) [2]
The maximum number of bitcoins is 21 million (2.1 * 10^+7) [3]

This means there is 21*10^7/7*10^9 = 0.03 BTC for every world citizen.
And the current wealth, expressed in the total available number of bitcoins in USD/BTC is 1.5*10^12/2.1*1+7 = 0.5*10^12/0.7*10^7 = 0.7 *10^5 = USD 70,000 / BTC.
With inflation going like it's going now, USD 1 might be (I'm speculating here) worth only 1 UBC (micro Bitcoin) by the time all 21 million Bitcoins are created.
Does this make the bitcoin ultimately usable as a worldwide currency, replacing current currencies?

I think not, and it's built-in.


References:
[1] http://www.stockmarketfunding.com/getfile/343e5d94-2871-48a5-9aa6-550c3da0bbd2/World-Wealth-vs-World-Derivatives-1998-2007.aspx , http://upload.wikimedia.org/wikipedia/commons/thumb/2/24/US_derivatives_and_US_wealth_vs_total_world_wealth_1995-2007.gif/800px-US_derivatives_and_US_wealth_vs_total_world_wealth_1995-2007.gif

[2] http://en.wikipedia.org/wiki/World_population ,
http://www.google.com/chart?cht=lxy&chd=s:ABCDEGHIJLMNOQRSTVWXYabcdfghiklmnpqrsuvwxz01245679,XXXYYZZaabccddeffgghhijjkklmmnoopqqrrsttuuvwwxxyzz&chds=0.0,1.0&chs=160x101&chco=287bf5ff&chls=2.0,1.0,0.0&chxt=x,r,x,r&chxs=0,333333,0,0,tl,333333|1,333333,0,-1,tl,333333|2,000000,11.5,-1,tl,333333|3,000000,11.5,-1,tl,333333&chxtc=0,2|1,2|2,0|3,0&chm=h,cccccc,0,1,1,1|h,cccccc,0,0.5,1,-1&chxp=2,0,82|3,5,50,95&chxl=0:|1960|2009|1:|0|4B|8B|2:|1960|2009|3:|0|4B|8B

[3] Mentioned many times here in this forum  Grin
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