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Fed the birds, good luck!
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I look forward to the day when Alison (or any good looking woman) isn't a thread-derailer here.
Seems like I'll be waiting a while.
The bad news is that won't be the case for a long time... the good news: Alison will be a very wealthy woman by then. I doubt she'll care much :-) |
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Good luck! Don't party too hard  Yes, it's Vegas, after all, not Pattaya :-) |
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As far as I'm concerned, MyBitcoin never had any stolen BTC. The operator had BTC that a bunch of people gave him thinking that he would give them back. Poor judgement and/or laziness and/or lack of understanding of Bitcoin/money/human nature.
'jav' has got some coins I gave him using his instawallet.org service. If he walks off with them, sad day for me, but I'm certainly not going to go crying to the police or bitcointalk or anyone else. Nor am I going to hunt him down. I've put a significant amount of thought into how to protect various of my assets, and those who cannot stand the heat should stay out of the Bitcoin kitchen until the system develops more in my opinion.
Unfortunately we are in a phase now where it is becoming less practical for people to protect themselves in the 'real' way (by running a bitcoin client) due to bloat, but as far as I am aware there are not any on-line wallet services which allow the customer to control their private keys.
Bullcrap, of course. If mybitcoin had billed itself as a site that might walk away with your bitcoins, you'd have a point (and they would've had no customers). By your faulty logic, if my bank decides one day to not return me my money, I'd have no recourse. It is ONE way in which a society could be run, but it wouldn't be a very good place to live. |
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Among all the Bitcoin conspiracy theories, is there one that places Satoshi in the role of the "manipulator?"
It's his brainchild, he wouldn't let the price drop too far, would he?
Or... He would hate the fact that people are speculating and hoping to get rich, so he'd dump thousands of coins from his stash of almost a million. As with everything else when it comes to Bitcoin, it could be either of two radically different things. |
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I can acknowledge that.
After mybitcoin "hack" some of my users told me that they accidentally sent their rewards to mybitcoin addresses that they can't access anymore.
Today I checked those addresses and found that at least some of those TXes were redeemed at 07.01.2012
Yup, pretty obvious that the "hack" was really a con job. But that was fairly clear from about a week or two after it happened, not much new to see here. |
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I dunno... I'd have to ponder it more... but if they used a shared wallet, like instawallet, Bitcoins in your mybitcoin.com account might have actually been stored in another bitcoin address. What address you put in to is not necessarily what address you get out of.
OK - let me just make one remark here. This topic is only meant for people who understand what I am saying. All the rest: just shut up, please - I'm not going to explain it to you, if you haven't got the point by now. I understand! If hackers withdrew 50% of the coins, and the other 50% were given back to the victims, then there should be 0% left in ANY MyBitcoin addresses. The fact that the coins still exist in the original MyBitcoin addresses proves that the MyBitcoin story is completely false. Also, the fact that this is the first time the coins have moved from MyBitcoin means that whoever owned MyBitcoin is the one who moved them, which makes it all the more curious where those coins went. Yes, SGT, we all know what he's trying to say (not that he's fantastically clear about it), but it's fairly well established that not everyone got the 51% back. The general assumption since last summer continues to be that MyBitcoin was a massive con job, most likely from the start, but certainly from the moment the "hack" took place. As others have pointed out, the addresses don't prove anything in this particular case. I, for one, am quite convinced that the MyBitcoin coins were dumped as part of the massive decline from about $17 down to $2 over the last five months or so. That and the allinvain coins. Still, no way to know for sure, regardless of what the rather unlearned piotr claims. |
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I dunno... I'd have to ponder it more... but if they used a shared wallet, like instawallet, Bitcoins in your mybitcoin.com account might have actually been stored in another bitcoin address. What address you put in to is not necessarily what address you get out of.
OK - let me just make one remark here. This topic is only meant for people who understand what I am saying. All the rest: just shut up, please. Uh, piotr... maybe if you could express yourself a little bit better. Until you learn how, perhaps you should go back to the sandbox, ok? |
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You can't determine, with only this information, who is actually spending the Bitcoins - hackers or site owners.
I can, basing on the official explanation from the site owners of how the money was stolen: After careful analysis of the intrusion we have concluded that the software that waited for Bitcoin confirmations was far too lenient. An unknown attacker was able to forge Bitcoin deposits via the Shopping Cart Interface (SCI) and withdraw confirmed/older Bitcoins. If it was stolen like they claim, these addresses would be empty before the service got shut down, or at least after people took the remaining 49%. Only the owners of mybitcoin have private keys to these addresses and only they can send money from them. The bullshiting time is over. Uhm... you actually BELIEVE the official explanation?  |
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so you ppl like round numbers like 6.50 for a stable price ?
whey like 6 and 4 I asked before But answers was lost, when i tried to reopen it 85% of ppl lie on polls 73.6% of all statistics are made up on the spot.  There are only 10 kinds of people in the world, those who can count in binary and those who can't :-) |
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I really don't understand why the person who is selling doesn't want the price to go higher??
People are cray cray
Not everyone is in it for the money, Genius, some just want bitcoin to fail. |
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borrowitz-einstein triangulum indicator in the red
- yes sounds like a very true information...
ps: my heisenberg-hawking-universum-utra-indicator says that too
Uncouple the Heisenberg compensators! |
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We already have bitcoin banks: MtGox, Tradehill, Virtex. Just like bitcoin itself is both a currency and a commodity (nobody likes my "commodency" monicker?), the exchanges also function as banks.
Bitcoinnhas often been called a singularity. I tend to think of it more in terms of duality myself.
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So, while I don't expect my grandma to use Bitcoins to buy dinner in the next couple years, it's reasonable to foresee a situation where Bitcoin permeates outward into more and more areas of life.
Sure, because if bitcoin ends up working as a sound backing for other less technical, more user friendly methods of exchange, then grandma will be using it to pay for her dinner and not necessarily need to even know she is doing so. I mean, come on, how many people using fiat today are completely clueless about how that money is generated / managed? Exactly. Grandma pays with her debit card at the store, yet has no idea that she's just causing zeroes and ones to move between hard drives. In her mind, she just paid $24.99  |
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Can you really envision a world where everyone meaning 100% of participants think something will only go up in value? I sure can't.. And that's why it's a fallacy.
I think most people believe oil will just continue to go up in value. The same could be said for uranium and other non-renewable resources that are consumed (gold and silver doesn't count). Gold, silver, bitcoins, etc aren't really consumed, so even though they follow the same extraction curve as oil, their price floats based upon the whims of speculators. Actually, Bitcoins are very much "consumed" in the sense that, over time, the total number will drop due to things like hard drive crashes and so on. In fact, it is quite likely that of the 8 million plus BTC mined so far, a fairly good number were lost in the early days. People weren't taking much care of them then, drives crashed, flash drives got lost and so on. The rate of consumption is slow, and I don't agree with the writer who said it will ultimately reduce to zero (if we as a species can keep alive the Spanish Flu virus, we sure as shit can keep a few BTC safely guarded), plus the mining curve is asymptotic, so there will always be one more bitcoin to be mined. But they're certainly consumed. |
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A raw bitcoin (freshly mined) is not an asset per se, but a set of empty rows in the General Ledger.
By selling your bitcoins to others you're selling them an exclusive right to use those rows to record various transactions.
Only bitcoins that are supported by the actual transactions can be called an asset (the value of which is the value of transactions).
Recent hikes in the price of raw bitcoins are merely the Smart Money attempt to once again capitalize on the unsuspecting bitcoin fans.
NOTHING has inherent value of any kind. Inherent Value is a contradiction in terms, since value is always assigned. True, the value must first be assigned in order for something 'with no inherent value' to be called an asset. In the case of bitcoins supported by the actual transactions, that value is assigned by the value of those transactions. However, in the case of raw bitcoins (those traded on MtGox, etc), that value is merely proposed (not assigned). Heh. Potato, potato... you can assign value to the proposal itself. I'll happily take all the newly minted BTC you or anyone else might have, for free! |
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I think the time has come, where it is reasonable to suggest that Bitcoin was not the "purely speculative bubble asset" that many thought it was.
A raw bitcoin (freshly mined) is not an asset per se, but a set of empty rows in the General Ledger. By selling your bitcoins to others you're selling them an exclusive right to use those rows to record various transactions. Only bitcoins that are supported by the actual transactions can be called an asset (the value of which is the value of transactions). Recent hikes in the price of raw bitcoins are merely the Smart Money attempt to once again capitalize on the unsuspecting bitcoin fans. Oh, come on. The "inherent value" argument in another guise. Nothing is an asset per se. NOTHING has inherent value of any kind. Inherent Value is a contradiction in terms, since value is always assigned. There is no value without he (or she) doing the valuing. One newly minted BTC is an asset, inasmuch as someone out there is going to assign value to the possibility of transacting it. |
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Volatility will only be an issue until someone forks the chain and comes up with USDcoin, a new cryptocurrency based on Bitcoin, that maintains constant parity with the BTC/USD exchange rate :-)
Right, everyone will jump on such InflationCoins. To quote evoorhees: ... or because it's "deflationary." We'll hear about the greedy early adopters getting rich ....
Actually, a USDcoin blockchain would save the US a ton of money in minting costs, no? It could still be controlled by the Federal Reserve, could still be inflationary and so on, just based on Bitcoin... genius, I'm telling you! |
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Dr. Daniel Jackson, you've put up some weight, didn't you? It depends. If you're old school and thinking James Spader, yes... Michael Shanks, on the other hand, has got a bit chunky lately :-) |
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