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841  Bitcoin / Bitcoin Discussion / Re: Two researchers from University College Dublin investigate the the 500K theft. on: September 01, 2011, 06:36:56 AM
You only have to see the reaction on the forums about your original blog post. The reaction was: so what? this was alredy known.

Yeah, but that's always easy to say.

So you dish the reaction of the community to your paper because somehow you dont like to believe it is the reaction of the community to your paper, and preffer to mention as "proof" a website outside the community and a lot of the reports on Bitcoin. Let me tell you that the press on Bitcoin has been highly inncaccurate and not only regarding anonimity. I have not seen something reported with more mistakes than Bitcoin. The community tried to correct them for a while, but ended up giving up. You can see the comments in the press thread.

Look, you and I (and everybody) know what its going on. Your paper is cool and the work is great, but you decided to give it a bit of dramatism accusing the community of things you should not have, to get more recognition and more press. And that is dishonest from your part. For example, even before your paper, the word pseudo-anonymous was removed from the main website to avoid confussion (even when the word pseudo-anonymous is accurate). The community knows how Bitcoin works  and your accusations are false and only looking to get press. You should not do that, its dishonest from your part.
842  Other / Off-topic / Re: What's with all the haters? on: August 31, 2011, 09:42:38 PM
sorry, but fleeing a state to not pay a judgement against you and still having enough money to invest in 25k bitcoins and rent property in one of the most expensive cities in the world is pretty scummy. I agree that mybitcoin was a "school of hard knocks moment" but if there is a chance that one of its largest proponents is also involved in it, that's pretty big for the community to get to the bottom of imho. Bruce's story would be a little more believable if there was a bunch of people who his company had actually helped and/or he tried to make restitution. But crying crocodile tears and skipping the state. not so much.

Bitcoin is obv at a stage where it attracts a lot of scammers, not only because of the nature of the currency but because there are so many people around with equal parts naivety and greed, but that doesn't mean we shouldn't be trying to expose them if possible.

Again, Im not saying Bruce Wagner is not guilty of whatever. Im just saying that regarding MyBitcoin all the evidences point to the people behind MyBitcoin scam trying to frame BW using the drama that is going on. As you say, we should not stop trying to expose scammers if posible.

Also, we have to keep in mind that the forum is under a cohordinated attack. Stick to proven facts.
843  Other / Off-topic / Re: The story of Bold Funding. on: August 31, 2011, 09:06:39 PM
Bitcoins are not money or currency and could not legally be considered "assets" since "assets" must have determined "value". IMO

Bitcoin is not legal tender, but it is a currency. Also, its an asset with an easily determinable value.
844  Other / Off-topic / Re: What's with all the haters? on: August 31, 2011, 09:01:39 PM
So you really think a multiple-time conman who also happened to be the biggest depositor in mybitcoin who also was the biggest hyper of mybitcoin who in the past had used the alias Tod Williams as a shill for fraudulent activitiy is all just coincidental. Very little chance IMHO that BW is not involved in mybitcoin somehow.

I dont have an opinion on BW. I am just sure that with all the accusations that have been going around here there is something bigger going on.

I was just stating the fact that his statement is false. The address of MyBitcoin pointing to the same server as OnlyOneTv is a recent event, check it for yourself: https://bitcointalk.org/index.php?topic=40417.msg492861#msg492861, so its a move clearly made to incriminate BW. Also, it was made in coordination with the acusations about BW being involved with MyBitcoin in this forum.

This does not mean that BW is an angel and is not guilty of other things, but the most logical conclussion is that the people behind MyBitcoin is trying to make people believe BW is behind MyBitcoin using the drama to take the heat away from them.

Also, you have the emails from Madhatter this morning advising BW to drop the whole thing if he does not want more attacks on him. BW refuses, and the whole drama happens.
845  Other / Off-topic / Re: What's with all the haters? on: August 31, 2011, 08:51:04 PM
People are bashing Bruce Wagner because he has been convicted of fraud (go look at his thread, he admits it), and owes $300,000+.  There is also circumstantial evidence that both OnlyOneTv and MyBitCoin used the same obscure hosting site, and may in some way be related.  You don't have to be a homophobe to think that having a fraudster being the de facto public head of bitcoin is a bad idea.

Actually, its the other way around. Since the whole attack on BW started the MyBitcoin domain has been changed to point to a place to incriminate BW. It seems that the MyBitcoin scammers are using the whole BW drama to hide take attention away from themselves.
846  Bitcoin / Bitcoin Discussion / Re: Everything that was centralized in Bitcoin happened to fail big time. on: August 31, 2011, 08:42:39 PM
No you are most certainly not protected. Because bitcoins are not regulated by any governments. You get as much protection as if somebody stole your ISK, or WOW gold. Less actually, since you have no central authority to go to. If governments recognized bitcoin as being an actual currency, or as having value, things would chang. Bitcoins would also be taxed, but part of the taxing bit means you get the protection. Right now you pay no taxes, why should they expend their resources in helping you? A private justice system could not operate for free, either.

You are wrong.

1. Even if you pay on bitcoins you are required to pay taxes. Whether its enforceable and you do it is another issue.
2. Theft is not permited, and that its independent of on what you pay taxes.

I feel you need to try harder and talk of things you know and understand.

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You fail to realize that it is the big companies that continually push for *less* regulation. BP, Exxon, etc are always trying to either undermine or repeal any environmental regulations possible. The sad part is that they have conned a whole subset of people into believing that less regulation is better.

Again, you are wrong. Companies push for whatever they want, but usually it means MORE regulations. Thats the reason why in each of the last decades the regulations in the USA have increased.

Yes, despite of what the official propaganda says (and you obviously believe), if you check the data you will see that regulations have increased in each of the last decades in the USA. The deregulation myth is just that, a myth. Please dont believe me, just go and check the data.

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You fail to realize that it is the big companies that continually push for *less* regulation. BP, Exxon, etc are always trying to either undermine or repeal any environmental regulations possible. Same with the banks and financial regulations. The sad part is that they have conned a whole subset of people into believing that less regulation is better.

Again, not true. As net result companies push for more regulations. The sad part is that they have educated a bunch of kids that grow into disfunctional adults into believing that regulations are for their protection.


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In the US we have a program called the FDIC, it means the Federal Deposit Insurance Corporation. If a bank fails, the FDIC steps in and makes sure that all the depositors get their money bank (up to $200,000 I think)...Not 1 person who had an account under that limit lost a single penny at any bank that has failed in the US since the FDIC was formed 70 years ago. That is regulation in action.

Actually, the FDIC is the perfect example of how regulations work. The FDIC does not have the money to pay for the banks failures and that is why the taxpayers have had to rescue them, specially through the Fed. That you think that you are not paying for the banks failures just shows that propaganda works.

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I think that regulations work a lot better than you think, and it saddens me that you and so many others have been brainwashed by the very people you attack into believing that less regulation is better. There is such a thing as too much regulation, of course. But no regulation is not an acceptable solution.

No, of course not. If there was no regulations, companies would have to compete and offer good services and good prices. Without regulations, how would the big companies abuse the costumers? We can not allow that.
847  Other / Politics & Society / Re: Dissecting brownlashers on: August 31, 2011, 07:58:24 PM
FirstAscent/AyeYo you have resorted to taking to yourself. Are you feeling ok today? Maybe you can ask your doctor to increase your medication?

You're a moderator?

You see under my name where there is a G then an L then an O then a B then a A then another L. That means Global. Keep learning more letters and you will find out.

And you dont need to change between your AyeYo nick and your new clone.
848  Bitcoin / Bitcoin Discussion / Re: Everything that was centralized in Bitcoin happened to fail big time. on: August 31, 2011, 07:55:00 PM
On justice:

I simply mean to say that in an unregulated environment such as we have here, there is no justice available, private or otherwise. Given the nature of bitcoin, I doubt there ever can be. This does have a bit of a chilling effect on adoption by people who are risk adverse. It will ultimately be one the reasons that widespread adoption fails.

But what you are saying is not true. Even if you operate in bitcoins you are protected by the legal system of the country you live on. With the MyBitcoin fiasco someone in the forum has explained that he reported to the FBI, but nothing has happened. Well, thats the kind of protection you get from the government monopoly. I dont understand how you can defend that system.

I believe that under a competitive justice system you would get much better service, but as anything in social science there is uncertainty about it. But what we can be sure is that the system you defend is not working.

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On BP:

The BP fiasco happened because many of the regulators were/are too close to the ones they are supposed to be monitoring. It came out afterward that BP filled out many of its own inspection reports, including the ones on the failed blowout preventer. The oil industry is one of the ones more rife with corruption in the world and it was that corruption along with their not following the regulations that resulted in the massive amount of damage that happened. The laws limiting the damages were put there by politicians that were paid lots of money to do so after Exxon-Valdez.

Yes, but this is exactly how regulations and the regulatory system works. Having regulations does not mean having some angels coming from the sky to take care of us faliable humans. It means having limited and corruptable humans with monopolly power. And the net results of regulations are always benefiting big companies and hurting the little guy, exactly like the BP case.

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It is not justice, though why you pulled that specific example out in this thread is confusing.


In a regulated environment if Dwolla, or Paypal, or another similar company shuts down, their customers have legal recourse that they can pursue in an attempt to get some or all of their money back.

No. In a regulated environment the big players of the industry get to pass regulations that allow them to cheat the consumers. Thats how regulations work. The rest are just excuses.

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In fact any of the brokers and forex exchanges are required to have enough money on hand to cover all of their customer accounts at any time. If Tradehill, or MtG or any of the other Bitcoin exchanges/businesses shut down, their customers have *no* way to attempt to get anything back, as the users of Mybitcoin are painfully finding out. That is one of the differences between having a regulated and unregulated market.

Well, since you mention MyBitcoin, a Bitcoin bank, let me mention that we are in a depression were there has been record of bank failures under a regulated environment. According to your way of thinking it should not be happening. But its happening.

Regulations dont work how you think they work.
849  Bitcoin / Bitcoin Discussion / Re: Everything that was centralized in Bitcoin happened to fail big time. on: August 31, 2011, 06:55:31 PM
myBitcoin1
btcex2
bitcoin mining accelerator3

I could go on, there have been enough scams and ripoffs to fill an entire subforum...and not one person will pay any penalty for the $millions that have been stolen. In fact, the perpetrators of the above crimes are free to do so again and again. There is no authority, there is no justice, no way to get back what has been stolen. But of course soccer moms and grandmas are supposed to learn *nix and secure their wallets offline...because the Bitcoin client can't even reliably encrypt its single most important file. And if they instead trust an online wallet service in a free market with no oversight that rips them off, then it is their fault.

That is the reality of your decentralized free market system in action. If nothing else by the end the Bitcoin project will prove the flaws in the free market theory and why none exist in reality. The ideologues will of course blame it on anything except their failed theories.

Ok, Im going to bite and tread you like an adult:

On justice:

So you mean that if a private legal and enforcing system the USA (or whatever) government would not have a problem with that and would try to mantain its monopolly? You really meant to say that the fact that there is no private justice is not because the government imposes a monopolly on justice?

On scams:

The BP fiasco where the company polluted the ocean and hurt the health of many many people happened under a government regulated system. The government has stopped any system of market based control and has decided to control anything related to the environment by itself with regulations. Those regulations allowed BP to avoid big compensations to the damnified and will be able to keep operating as they have been in the future. How is this justice?
850  Economy / Economics / Re: Thoughts for Improving Bitcoin's Popularity on: August 31, 2011, 05:54:05 PM
I completely agree with the need to make the Bitcoin system easier to use for everybody (but this is easier said than done) and about the suggestion to include the social variable into the Bitcoin dynamics. Just a couple of things:

Moreover, people in general do not have a lot of foresight when it comes to money.  People are notoriously bad with numbers when they conflict with emotion.  Studies have shown that people would rather have $50 today than $52 next week if given the choice.

While I agree people is bad with numbers and foresight, taking the $50 now instead of $52 next week makes sense. And it makes sense precisely because people is bad at foresight, therefore its better for them to have the $50 now, than to risk waiting one week and maybe have some development that changes the conditions and they dont get the $52. People know they are bad with foresight and economics in general, therefore they go for the secure option even when it might not be the best option long term. The point is that they dont have the capacity to judge, so its a good solution for them to take the money now.

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I guess I'd like to ask you why you think this is a bad idea.  I guess I imagined that they would still have the option to change pools/exchanges if they wish, but I was suggesting this as a solution to overcoming the technical difficulty of startup mining.

This is a bad idea in the way you have expressed but its not that bad. It could be done by the private parties. F.e., TradeHill or MtGox could have their own Bitcoin initial package for download with all the tools to use their exchanges. Same with mining pools. But having the Bitcoin community or the main Bitcoin developers choose is a bad idea.

It acomplishes the same you are proposing but without the community or the developers having to pick winners and loosers.
851  Other / Politics & Society / Re: Dissecting brownlashers on: August 31, 2011, 04:28:53 PM
FirstAscent/AyeYo you have resorted to taking to yourself. Are you feeling ok today? Maybe you can ask your doctor to increase your medication?
852  Other / Archival / Re: delete on: August 31, 2011, 04:26:08 PM
I believe both Bitcoin and its clones will fail to reach mainstream acceptance because they have a serious economic flaw, which is that deflation severely hurts investment and borrowing. I think a deflationary currency with demurrage will have better luck at stimulating economic growth.

Yes! Housing bubbles for the win!
853  Bitcoin / Bitcoin Discussion / Re: FBI Admits To Engaging In Infiltration, etc in Competing Currencies on: August 31, 2011, 04:15:29 PM
The main mistake Liberty dollars made was to use the word "dollar" on their coins.
You cannot go around minting coins that could be confused with federal coins. And then
for people to start taking them into stores and wanting store owners to accept them was
just looking for a raid and seizure.

I guess the USA should invade Canada and Australia for using the word dollar as well.
854  Bitcoin / Bitcoin Discussion / Re: Everything that was centralized in Bitcoin happened to fail big time. on: August 31, 2011, 04:11:42 PM
Actually this is what happens in a free market where there is *no* central authority and zero consequences for ripping people off. But keep trying to justify your ideology, its cute in its own way.

[citation needed]
855  Economy / Economics / Re: Question About Supply on: August 31, 2011, 03:39:29 PM
From what I understand, the supply of BTC increases at the same rate no matter how many people are mining. Isn't this unrealistic, since if it were like mining in real life, supply would increase less with fewer miners and more with more miners?

You might find Bitcoin unrealistic also because its not yellow and it can not be hold on your hand.
856  Other / Off-topic / Re: The story of Bold Funding. on: August 31, 2011, 08:00:48 AM
Bruce they think I'm you  Grin lol ...  as I said before there are couple of SA turds here that think they can go around character assassinating anyone and everyone I still have faith in you! Smiley
You need to stop adding all those extremely characteristic traits you have when you write under your real name, when you're pretending to be someone else, Bruce. Especially those tree dots with space before and after which you seem to use all the time. I noticed you have toned down some of your other trademarks a bit since the first messages, but there are still plenty.

If using the three points means being Bruce, more than half the forum is Bruce.

Its this kind of ridiculous assertions from low count post members that make all the acusations look extremely stupid and basically an orchestrated campaign.
857  Bitcoin / Bitcoin Discussion / Re: Two researchers from University College Dublin investigate the the 500K theft. on: August 31, 2011, 05:27:58 AM
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We think that the graphing, and analysis, that we did, shows its substantially easier to trace these things than we'd have a priori thought possible.

Then you had thought wrong and that is YOUR problem and not the problem of Bitcoin. Bitcoin members always stated the nature of Bitcoin and how under certain circumstances the transactions could be linked to the person. There is absolutely nothing new on what you are saying. It had all been said by the Bitcoin community already. You only have to see the reaction on the forums about your original blog post. The reaction was: so what? this was alredy known. The problem is that you are claiming the Bitcoin community was saying the contrary and its very dishonest from your part.

And the biggest problem is that I went to your blog post to point exactly this to you in a nice and educated way, but you keep going around with the same dishonest claims, so you are clearly doing it on purpose. If you are acting on good faith you should stop your claims that the Bitcoin community has publicited anything different. What you are saying is nothing special or new. It was well known.

We aren't in the business of exposing thefts, so we didn't go down that road as far as we could.

Why not? If you really can prove it as you claim why not do it?
858  Other / Off-topic / Re: Moderated Bitcoin Forums? on: August 30, 2011, 06:22:40 PM
Yes, because everyone loves being moderated.

You belong in 1984.

While very few people like it when moderation is done to them, very many people prefer it when moderation is done for them.

Until a moderator comes along that doesn't like your particular point of view and uses the banhammer to silence your voice.

Yes, yes, the market will correct itself eventually, but why go through that in the first place? It just seems like people here don't like to see anything that is contrary to their worldview. The Bruce situation is wrong with the accusation of pedophilia, but it is very justified in questioning his decision making and heavy handedness when it comes to the location he chose.

Its easier than that. You can moderate by not allowing coments claiming something without proof or citation, and even more important not allowing personal attacks (unless they can clearly proof what they are saying about the other forum member is true).

With those two clear rules you can get quite a good forum without having to limit the range of ideas someone can express.
859  Other / Off-topic / Re: Two interesting emails I received today... on: August 30, 2011, 06:18:13 PM
The point is that Bruce isn't advocating having sex with a 13 year old. He's complaining about the hypocrisy of age of consent laws in the US, which is a position many of us will actually agree with.

Bruce was raging against the fact that having sex with someone under the age of consent in his country is illegal.

I wanted the Spanish person's opinion of people who have sex with someone under the age of consent in their country.

And you are not going to get it because given my post its obvious what I was trying to say (and also you can guess my position). I wont play stupid rethoric games.
860  Other / Off-topic / Re: Two interesting emails I received today... on: August 30, 2011, 05:45:00 PM



Where do we draw the lines? Poor child molestors molesting people younger than 18 and being labeled a child molestor forever! A bloo bloo bloo

Watch out with that. There is a lot of people that disagree with the USA laws regarding minors and sex. In my country, Spain, the law states that its legal for a 14 year old person to have sex with and adult (consensual obviously). Most of the world except the USA has more lax laws regarding under-18 years old and sex. So you are going to find lots of people in the world, a big majority, that thinks that USA laws are stupid, including me. There is nothing exceptional on what Bruce is saying.

When I was 17 I started dating a 16 year old girl. When I was 18 and she was 17 we were still dating and having sex. It was my first important relation and one that me (and I believe her as well) will remember forever. Under USA law I would have been a criminal. Its stupid to ruin first relationships and put pressure on teens because of stupid laws.
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