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21  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 26, 2014, 09:49:21 AM

if I had to guess, what hapened on c-cex had something to do with XCP hacker or the poloniex owner destroying competition bc he was attacked before with this bug and therefore familiar with it, steal from competition and launder your money in your exchange.


The prior hack of Poliniex was only in the early moments thought to be of the exchange fault, but it was actually based on a problem on the CounterParty code itself.
Here is the official thread discussing CounterParty protocol, client and coin and whatever else can be relevant on the subject; Thread that I was in and reading as the discussions were moving from subject to subject, and while there were discussions on the table on how formulate a safety net by using some underwriting and the issues of trusting Poloniex as the 'de facto' main centralized exchange for XCP and the risks in case of them or other future centralized exchanges defaulting in bankruptcy, or the safeguard for the like of a crash in the XCP prices.... one person posted about big dumps of XPC on the actual Poloniex exchange. https://bitcointalk.org/index.php?topic=395761.msg5237047#msg5237047

At first was even thought to be a typing mistake by a "fat finger" trader.

Here, ironically before the event happened, another person was hoping for a panic XCP sell for an old bug in the code, so he could enter the market cheap: https://bitcointalk.org/index.php?topic=395761.3540

This link above make for a very interesting read, that you should all partake, as it is ironical and very, very weird on the many coincidences.... or... are they not such?!.

And here less interesting, but still necessary for the sake of proof of my telling, it is the announce for the code fix made to resolve that security vulnerability of CounterParty code: https://forums.counterparty.co/index.php?topic=116.msg672#msg672
22  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 25, 2014, 11:08:53 AM
I see it like this...

Due to a bug in code on the c-cex exchange, someone found their account with a ton more bitcoin in it than there should be.  That user then made a conscious decision to trade the bitcoin which was not rightfully theirs.  Everyone on the other side of those trades were technically receiving stolen property.  The non-existent bitcoin (it's just a virtual exchange balance remember, not an actual bitcoin wallet) was converted into darkcoin by trading on the exchange, effectively transferring the non-existent bitcoin into other traders accounts.  The dirty darkcoin was then laundered (or tried to be) by trading for bitcoin on poloniex.

It seems both c-cex and the user who was consciously involved in this are making a great effort to retrieve lost funds.  Problem is, due to the trading at great loss, a large chunk of this bitcoin that never existed in the first place is now in the hands of everyone with whom they traded.  This is why your bitcoin balance at c-cex is frozen.

If authorities were involved, the accounts at poloniex would likely also be frozen during the investigation period.  If this were a bank error of similar scale which was deliberately taken advantage of, the person involved could end up with a prison sentence.

+1

Yes the flaw was C-CEX's, but let's not forget that ultimate liability lies with the person who took advantage of it.  C-CEX is as much a victim as anyone else in this situation.  Yeah it sucks, but that's the way any legal system would see it.  If your car is stolen because you left the key in it, you made a stupid mistake, but you are not responsible for the loss - the theif is.  Any forex broker would reverse the transactions without question and you'd just have to suck it up.

... and another +1
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread on: February 22, 2014, 08:08:14 PM
I think, there is small problem because coin is not very popular... it's need use a lot of way for popularity
etc. a lot of people don't know what is BOINC...

But good luck with joining mining coins, with useful things, its have great potential!

I just did an interview with crypt.la and I think the interview went well; lots of good q&a there; will update when it is released.

I also spent 2 hours on the phone with Dogecoins PR rep; they may start a campaign for us in the future for mutual benefit; we'll see. 




Excellent!
24  Bitcoin / Press / Re: [2013-12-10] GlobalResearch.ca - Will Digital Currency Replace the US Dollar?... on: January 15, 2014, 04:29:54 AM
You often see this duality on Zerohedge. The argument has one of two flavors:

"Bitcoin isn't being accepted by businesses or recognized by the government, so it must be crap."

And...

"Bitcoin is being accepted by businesses and recognized by the government, so it must be their creation."

And other variations on the theme. Wonderful example of rationalization instead of logic, with the ultimate outcome being the demonizing of Bitcoin in both scenarios. I wish they'd just pick one and be consistent with it. Don't forget the double-edged sword of Satoshi himself - they frequently use his anonymity as part of the secret tinfoil sauce in their theories.

Thing is, if Satoshi was known, he'd be going through a hotairbags hearing meatgrinder by now, having every aspect of his life picked apart - using the choicest bits for arguments against Bitcoin itself - before throwing him into solitary confinement for creating something that would challenge the status quo.



I see your point and I read many article, during the years, trying to demonize in one way or the other crypto-currencies, but one of the points that got my attention in this one, is the possibility of external forces trying to alter it and control it.

We already know that the currency is now considered 'like money' by many government including the US, even if for the sole purpose of regulating on it.
We also know that NSA is building a mega data centers and ultra fast computer (ex.: http://www.wired.com/threatlevel/2012/03/ff_nsadatacenter/all/, http://nsa.gov1.info/utah-data-center/)
While we also know that China has the most powerful (as for now: http://www.top500.org/blog/lists/2013/11/press-release/) and we may assume that it will build even one more powerful soon, perhaps beating the projected NSA one.
We know that most of the main critical internet nodes are in the hand of few controllers.

My point been, if those resources fall in control of the wrong hands with a dark agenda, they could always filter the packets of the BitCoin network and even shutdown/cripple the internet for a while, allowing only whichever communication they want through the a side network, perhaps encrypted.
And with that processing power, once the network is controlled and purposely filtered, it would skew the block-chain.

What would be the network defense? Create an emergency ad-oc WiFi cell network? Like a wireless mesh, or WDS, or  over radio ham packet radio??
How would be decided which one are the legitimate peers?
Would there be a response?

... Or would it succumb and everybody looses?... except the attacker!
25  Bitcoin / Bitcoin Discussion / The replies to this article are even better then the article itself on: January 13, 2014, 07:59:05 AM
I came across to this article of which I don't think much because is not really anything new, but the replies to it are actually interesting.

http://www.digitaltrends.com/opinion/nobody-right-mind-get-bitcoin-right-now/
26  Bitcoin / Press / Re: Promoted articles from Press Forum on: January 13, 2014, 07:52:59 AM
[2013-12-10] GlobalResearch.ca - Will Digital Currency Replace the US Dollar? Wall Street Strategy to Make Bitcoin the Global Currency?
https://bitcointalk.org/index.php?topic=413293
27  Bitcoin / Press / [2013-12-10] GlobalResearch.ca - Will Digital Currency Replace the US Dollar?... on: January 13, 2014, 07:44:41 AM
Interesing point of view...
... with a little of conspiracy theory undertones, but that could actually happen!!

http://www.globalresearch.ca/will-digital-currency-replace-the-us-dollar-wall-street-strategy-to-make-bitcoin-the-global-currency/5361021

The all article is interesting, and I would like to start some discussion on the points it brings up, starting with:

Quote
Just imagine watching your computer digits VAPORISED BEFORE YOUR EYES and there is nothing you can do about it.


28  Bitcoin / Press / Re: Guidelines for Press board on: January 13, 2014, 07:27:26 AM
I thing in here and in the other forum post also about format, it should be clarified once more, that the date to use should be that of the actual original article publishing date and not the member posting date like many are keep doing.
29  Other / Beginners & Help / Re: 4 cards one card really slow hash rate no hw on: December 22, 2013, 01:52:58 PM
I know the previous answer said it's normal... but to me it seems off.
I have multiple rigs with multiple cards and what I can say is that the hash rate fluctuate especially depending on your stats refresh rate.
But if you look at the average rate it should even as you move over a longer period of time.
Try to run some tests per single card, like run only one card at a time over 5 to 10 minutes and see what the average is for that card running single.
Then run all the cards for 5 to 10 minutes and compare to see if the average is very different.
Also note if the "problem" (a card is slower) happens always on the same card or varies or not happens at all when they run single.
If same card has the "problem" then switch the slots and power cable and do it again.
It could be the slot, or power related.
30  Other / Beginners & Help / Re: cloud mining - thoughts? on: December 22, 2013, 01:26:11 PM
I just invested some bitcoins into CEX.io, we'll see how it goes Cheesy
Where you going to post the results of that investment?
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