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101  Bitcoin / Bitcoin Discussion / Re: Canada to receive 4 new Bitcoin ATM's via Cryptopick Canada on: November 11, 2014, 06:15:35 AM
If they keep the transactions under $1000, they may not need extensive customer identification. Not sure what they do to prevent the same person from revisiting the same machine several times per day. I am currently toying with a $1000/day blanket rule for buying and selling coins myself.

As this is Canada, "structuring" is not a crime (only potentially suspicious).

Edit: Line-breaks man!
Quote from: BITCOIN ATM TOS
2. Accounts.•    2.1 Eligibility. To be eligible to use Cryptopick Canada services for more that 500 CAD, you must be at least 18 years old.•    2.2 Identity Authentication. If you wish to make exchanges over 400 USD with Cryptopick Canada, you authorize Cryptopick Canada, directly or through third        parties, to make inquiries to validate your identity.•  
...
5. Anti-money laundering procedures.•    5.1 You agree to our Anti Money Laundering ("AML") and Counter Terrorist Financing ("CTF") Policy, below in this document.•    5.2 In general, Cryptopick Canada reserves the right to collect identification in the form of a scan of a drivers license or finger print.•    5.3 Cryptopick Canada will collect identification from you prior to the depositing funds and process of an exchange, which exceeds a set amount . •    5.4 You should assume all information provided to Cryptopick Canada is available to regulatory authorities, although initially we will only transmit anonymized data.•    5.5 You represent and warrant that exchanges with Cryptopick Canada are not connected in any manner to any unlawful or illegal activity.•    5.6 Cryptopick Canada reserves the right at all times to refuse to process any exchange, which it believes in its sole discretion, is connected in any manner to any unlawful or illegal purpose.•    5.7 Cryptopick Canada is currently not obliged by law to monitor any unusual or suspicious transactions, but we will ,as a precautionary measure, monitor any size taking place where we have reasons to believe the money is derived from unlawful or illegal activity.
-http://www.cryptopickcanada.ca/terms-of-service.html

Not sure those are the "real" terms as the connection was not authenticated. Wink
102  Bitcoin / Legal / CIBC hates money exchangers on: November 11, 2014, 04:11:55 AM
I wrote up a brief draft of my Anticipated activities of Economic Prisoner report for FINTRAC. The initial version is a summary only, with little detail.

I tried presenting said report to my new banker while opening a business account. That way, I learned that CIBC also does not like Bitcoin. So I now have the process of testing for bank hostility down to one day.

Edit: Company Name is no longer secret since I have now registered the .bit domain.
103  Economy / Economics / Re: List of Bitcoin Hostile (and friendly) Banks on: November 11, 2014, 04:05:07 AM
CIBC appears to be bitcoin-hostile.

Opened and closed an account today. As with CWB, there is no "official" Bitcoin policy as of yet.
104  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 11, 2014, 03:40:20 AM
You can't mathematically prove it, because the other stake-holders can roll back to any point of time of their choosing.

That's why I said that PoS 1 != PoS 2 != PoS 3. There is at least one PoS implementation where what you just said is not possible.

The NXT prohibition on deep re-orgs just makes such re-orgs a manual process if/when they they happen.

Edit: Bitcoin proper now implements something similar called "safe mode". This was implemented after the last major Blockchain fork
105  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 07, 2014, 07:05:47 PM
If the block-chain can't be rolled back past 12 hours, why was it the subject of debate after the BTER Exchange compromise?
Official NXT Decision: No Blockchain Rollback
Quote from: Bas Wisselink
As you already know, our devs released an update that would adjust the blockchain in such a way that only the BTER account would be affected. As it stands, the majority of NXT forgers has opted not to support this fork. The new version has already been rescinded and the rollback will not happen.

Of course, this whole discussion strikes at the core of what a crypto platform is about. Is there a point where a blockchain can be rolled back, or not?

I understand that the Vericoin devs have decided to do this in their case, because 30% of coins were involved.

Our situation and proposed solution were very different. The main difference that I see is that our core devs have left the decision completely up to the forgers. They could have taken the decision to not even propose a fork at all, but decided to put this in the hand of where the decision power in a PoS system is: the stakeholders.

The Vericoin roll-back happened because the developers were concerned about a Potential 51% attack.
8 Million Vericoin Hack Prompts Hard Fork to Recover Funds
Quote from: Stan Higgins | Published on July 14, 2014 at 23:11 GMT
Given the extent of the damage, the vericoin development team opted to hard fork the coin’s block chain in order to reverse the theft transaction. This was performed, they said, in order to both prevent the loss of roughly $2m in investor funds and stop a fraudulent actor from holding 30% of the coin’s proof-of-stake network capacity.

The fork is now complete, with new wallets now available for download, the vericoin development team told CoinDesk.

Any PoS coin relying on even wealth distribution is going to be in trouble
106  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 07, 2014, 06:18:36 PM
Once you control 50%+1 of the votes, you vote for forks that give you equal or more voting power.

Check-points can help guard against this, but can be a central point of failure if not carefully implemented (possibly leveraging the Bitcoin PoW blockchain).

what you are explaining is a 51% attack not a "history attack" which is what BombaUcigasa was trying(and failing) to explain and what you have just said does not answer the question i asked.

see this is what im talking about.. no one can provide the math to prove this? or give a technical explanation of exactly how you would do this

show the math and the technical explanation or its pure tripe.

You can't mathematically prove it, because the other stake-holders can roll back to any point of time of their choosing.

In other words, PoS does not actually form a consensus.

Edit: I am not sure I understand the distinction between a 51% and "history" attack. The point of the block-chain is to document and order transactions.
107  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 07, 2014, 06:05:06 PM
can you show me the math to prove this? or give a technical explanation of exactly how you would do this.. so far no one has been able to do this.

Once you control 50%+1 of the votes, you vote for forks that give you equal or more voting power.

Check-points can help guard against this, but can be a central point of failure if not carefully implemented (possibly leveraging the Bitcoin PoW blockchain).
108  Bitcoin / Bitcoin Technical Support / Re: Best way how to prevent BTC wallet from hackers on: November 07, 2014, 05:22:18 PM

Thanks for the helpful reply phillipsjk. I'd read about inscribing in 2 pieces of metal and stashing them in different locals and that does seem to be likely the safest way. I don't intend on purchasing bitcoin until I know how best to protect them.

The advantage of paper is that it is cheap and fast. You would only want to only inscribe Hierarchical Deterministic wallet seeds on metal.

Quote
I'm inclined to use my BlackBerry to purchase locally but I feel that's just as bad as using my computer. I'm ready to pull the trigger and start accumulating but the more I read the more I'm confused about how not to get scammed between transacting with a temporary wallet to my paper or metal wallet.

A trusted link or two on how to best go about this would be greatly appreciated. I live in Canada and prefer to achieve anonymity, as far acquiring and holding is concerned.

Thanks in advance,

fdyl  

You can send directly to the metal or paper; no need to temporarily store it somewhere else. The hard part would be transcribing the Bitcoin address and then generating a QR code (if needed).

If you have a relatively modern machine, Bitcoin Armory should be good. It supports "watch only" wallets, as well as multi-signature addresses. It relies on Bitcoin core to interact with the network.

Bitcoin.org has a very good Choose your Bitcoin wallet page.
109  Other / Meta / Re: I am unable to access my account satoshi, need to regain access on: November 07, 2014, 05:06:19 PM
Rofl , this thread made my day
So you claim that you are the BTC Creator Shocked come on ... I'am pretty sure Satochi have direct contact to Theymos

Not anymore.
110  Bitcoin / Bitcoin Discussion / Re: Yes or No! on: November 07, 2014, 04:52:05 PM
I am trying to register as a Money Service Business here in Canada just so that I can be passive-aggressive. The naive hope is that they will forced to exempt many Bitcoin activities from the reporting requirements to keep the noise down. For example, SWIFT money transfers are exempt from requirements to include detailed customer information, but Bitcoin transfers are not.
111  Economy / Service Announcements / Re: HowTo Invest in Providence as an Accredited Investor on: November 07, 2014, 07:06:44 AM
I believe "accredited investor" in the US means that you have in excess of $1 million in assets.

Edit: Wikipedia Page
112  Bitcoin / Mining / Re: Nearly burned down my home due to mining farm (tips on how to stay safe ) on: November 07, 2014, 06:57:52 AM
Here is the (German) Link

113  Bitcoin / Bitcoin Technical Support / Re: Best way how to prevent BTC wallet from hackers on: November 07, 2014, 06:48:57 AM
Well if your that paranoid use the paper wallet or brain wallet.

I searched the term brain wallet and all I got was this from LibertyOrDeath. Can someone explain how I can create one,
or several?

I expect a self coded encrypted personal phrase that only a head injury or dementia could erase is the
point?

If a little knowledge is dangerous, then even less is reason enough for paranoia.  



Brian wallets are very risky because people hopelessly underestimate the entropy of their pass-phrase.

The most secure way to store Bitcoins is with paper wallets (or something longer lasting like nickel or stainless steel) generated off-line. You should either make two copies and store them in separate locations, or create a multi-signature script/transaction such you need m of n pieces to authorize the transaction (and store those in n locations).

I saw a comment up-thread the some measures such as this may be considered over-kill. Last year around this time the price of Bitcoin went up 1000% in a month or so. If the price of Bitcoin spikes to something like $400,000 per coin, suddenly "use an anti-virus" is going to start looking seriously inadequate for protecting your 5mBTC (now worth $2000).

Bitcoin is game-changing in that it now makes previously impractical attacks profitable. I believe it is only a matter of time before a major software vendor pushes a wallet stealer in a software update. The only way to keep your Bitcoin savings safe is to keep them away from your network-connected machine in the first place.
114  Bitcoin / Mining / Re: Nearly burned down my home due to mining farm (tips on how to stay safe ) on: November 07, 2014, 06:20:44 AM
One thing is bugging me about the recent fire: Why is ~5% of the world hash-power all in one place?

Edit: the German news article said the farm used about 5MW, which would only be 10Petahashes/second at most.
I suppose if I want to be unlazy, I can look up how many machines were supposed to be in the facility.
115  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 07, 2014, 06:17:46 AM
Really? PoW supporters are resorting to conspiracy theories now? well that's understandable, since the reality has shown
PoS is superior in every way.

I would like a compelling reason to consider Bitcoin widely "issued" or distributed. Only a small fraction of the population currently holds any Bitcoin at all.

PoW solves the initial distribution problem by lottery.
116  Other / Meta / Re: I am unable to access my account satoshi, need to regain access on: November 06, 2014, 10:01:26 PM
If Theymos does not give you the time of day, you can try signing this:
Code:
After Election, Obama Vows to Work With, and Without, Congress
By JULIE HIRSCHFELD DAVIS and PETER BAKER NOV. 5, 2014
http://www.nytimes.com/2014/11/06/us/politics/midterm-democratic-losses-grow.html
With a key known to be controlled by Satoshi. I am not sure if the genesis block key can be used for signing, but I believe Gavin Anderson should know what PGP keys Satoshi used.

Before doing that, keep in mind what happened to Dorian Nakamoto.
117  Alternate cryptocurrencies / Altcoin Discussion / Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS on: November 06, 2014, 09:01:28 PM
On the outside chance that the OP really is Satoshi, and has been living under a rock for 2 years. I will explain my conjecture about what may be happening.

The first thing you have to understand is that the Banks want to take control of the Bitcoin ecosystem. Another member, sgbett, figured out in part how they will do this:
Governments have noticed it, powerful people have noticed it, *banks* have noticed it. Right now we are in a perfect storm of the aftermath of a huge overshoot on the purchase of mining equipment - this is *fact* as evidence by the hash rate/difficulty.

This will take time to unravel. It surely will though, as irrational as people are, they will eventually stop flushing money down the mining drain. That money will turn towards the supply. As it becomes obvious the bottom is in, that is when people will start the next run up. Only this time it isn't going to be just neckbeards, redditors, hipsters and anonymous, it will be institutions. That have pretty much unlimited buying power by virtue of them essentially being able to print their own money, because they are TBTF and will just keep bankrolling each other whilst nuzzling the teat of QE washing away their toxic assets.

So the move will be unprecedented.

Unprecedented to you and I and all the other peons around here. To those behind the move, they just spent a few hundred millions to acquire assets they can now assign book values of billions. Selling into this only makes you weaker in the end game, and selling is what they want you to do because those dollars you are acquiring get more worthless the more bitcoin they have. Who here though has the constitution to hold as they see the price double repeatedly. We are still at the end of the day all hardwired for fiat. As much as anyone pretends they are not.
(Bold mine)

The problem that the banks have in the scenario outlined above is that they can only do it once. The fact that coins are going to continue to be issued by lottery for over 100 years is a problem for them. They would lose control of the Bitcoin supply at a rate of like 3-10% per year. If Bitcoin used PoS, they would only need to control the supply (more than 50%) of Bitcoin at a certain point in time in order to lock everybody else out from issuing new Bitcoin.

Here is where the conjecture comes in: They hired a marketing expert to appeal to the greed Bitcoin users. The explicit goal appears to be to replace the consensus algorithm with "delegated proof-of-stake". The marketing expert released a video claiming that the "inflation" caused by proof-of-work mining is holding down the price. In a second video, he goes a little bit into why we would care about the price. However, he still fails to explain why the price should be artificially inflated when the network is not even ready to handle more than about 7 transactions per second.
118  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: November 04, 2014, 05:27:20 PM
If I were asked to provide an answer to the question of "What is Economics?" on a test, I'd probably write the following explanation:
"Economics is the study of how individuals and groups make decisions with limited resources as to best satisfy their wants, needs, and desires"

Kudos for not trying to claim that wants are unlimited like my economics textbooks.
Reason: Wants also follow the law of diminishing returns.
119  Other / Off-topic / Re: Am I the only girl on here? : ( on: November 04, 2014, 05:18:40 PM
Disagreeing with majority of the views does not equate to trolling.

I won't discuss this further because this is not the place to be doing it.

let us not be rude in the presence of a real female *tips fedora purchased with bitcoin*

also op pls lock this thread

Why are you repeatedly asking for the tread to be locked?

If the OP was male, and they started a thread that attracted a lot of trolls, would you still be asking them to lock the thread?

I have heard that there is a option to avoid notifications with specific threads.
120  Other / Beginners & Help / Re: Is 2gb ram enough for Bitcoin-qt on: November 04, 2014, 05:09:14 PM
Yes 2GB of RAM is enough if your other processes are using less than about 1GB of memory (the client appears to use close to 1GB).

I have had trouble syncing namecoin on my machine with 1GB of RAM. I was going to try syncing with the block chain on a disk separate from the swap-file. Sort of overlooked how anemic my memory situation is Tongue
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