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The guy behind fxnet.bitlex.org is claiming his site has been "under attack" for months now. He says he isn't coming back online until the attacks are done. But no explanation has been given about what these attacks are and its hard to imagine some attacks that could be going on for months that he couldn't handle. The community should get more details on a site they have put trust in. After all, he is holding ALOT of our bitcoins which he refuses to release. If he can't handle the responsibilities of running a website he should at least allow us all to log in and retrieve the bitcoins that we have sent him. His handle is "Noodles" and his email is noodles@bitlex.orgYes, but that would negate his ability to posess your bitcoins any longer, and I'm sure he is quite enamored with that circumstance. |
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I'm really tired of the news feeds lately. There is a giant echo chamber out there right now about the $500k stolen story.
First of all, do we know that this is a legit story? How can we verify this?
What are the details of it?
Just seems like the usual MO that since the media has something damning to run against it they are all parroting each other. But none of these stories ever have any details... do the details exist?
On a side note, it is interesting to see the Economist do an about-face with their latest hit-piece. One of their project mockingbird editors must have told someone to write that.
I heard that it came from some forum about Bitcoins... not sure where though... no way to know if it's legit. Someone named "allinvain".
lol. |
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There are plenty of hollowed out cities, abandoned and waiting for fresh life.
Yeah, it's called Detroit, MI  |
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Yes they can. In theory govt can do anything. We have kool-aid drinkers like DamienBlack & Scientician to thank for that. They already ban people giving away music and movies on the net. Fortunately (or unfortunately for said kool-aid drinkers) this theoretical power does not always translate into authority on the ground.
You have me to thank for the theory that government can do anything? I don't follow you, please explain. Yes, copyright law exists, people ignore it by sharing copies of copyrighted material with one another. The government can make any laws that they like, and people are free in this country to ignore them. The risk of getting caught is fairly low as well as long as you're just trading movies and music back and forth, much like the risk of trading BTC for goods and services directly exposes you to a much lower risk footprint that does cashing out thousands of BTC for USD. The state that you live in is free to create laws. You are free to ignore them. You accept the risk involved. How much risk are you comfortable with? Its not "theoretical power" when the IRS starts suing people for tax evasion, or locking people up. That I believe that this can, will and does happen doesn't make me a "kool-aid drinker", it makes me a realist. When the feds go after BTC, you will have to recaluclate your acceptable risk threshold, again. If the state is powerless to inhibit your personal liberty, there wouldn't be any need for Bitcoin in the first place. Your argument (was there one in there somewhere?) is a fallacy in terms. |
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The parasites can't collect taxes on money they can't see.
You read a lot of Ayn Rand, don't you? Meh. I can respect some of her positions but mostly she was an overly-pragmatic, pompous bitch. You named yourself after her most famous steaming pile of hypocritical bullshit. Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect. Your sneering narrative voice is a dead giveaway. how odd. do you know, i'm unable to detect even the faintest trace of a sneer in the narrative voice of this post? Irony, it's rich! I'll have two, please. |
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no 6990? Weak.
The cards he's using should make no difference to you whatsoever (even though he IS using 6990s). 1 Ghash = 1Ghash whether or not it came from 1.5 6990s worth of flops or a hundred 1900XTs.. At current exchange rates, it looks like Vladimir might have some serious competition in the newly emergent mercenary miner market! Nakowa is more than $100/mo. cheaper! |
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Once bitcoins are declared illegal, all of the statist chickenshits--and there's a lot of them on this forum--will pee their pants and sell out. This will hurt the price for sure. But there will remain a market for bitcoin because a) it's time has come and there will be too much demand and b) there will be a surge of interest in online anonymity, which will become much more common than it is now. (This will be difficult for mobile apps, btw.)
It's once exchanging BTC for fiat is declared illegal that most people will exit the bitcoin "market".. which is just as well anyway. The sooner the speculators leave, the sooner there will be a majority exchanging BTC directly for goods and services instead of trade ecxhanges whose aim is to accumulate fiat. As far a bloody armed rebellion over BTC? Sounds like a Randian Libertard's idyllic wet dream, and therefore a reality which is exceedingly unlikely to ever come to pass. Bitcoin (or something very like it) has a niche in world commerce for the foreseeable future, but that place is not likely as a catalyst of revolution of any kind. |
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My nuanced point about international politics and politics in general throughout history:  |
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There are currently 192 governments, which is no indicative of a monopolistic market. You are wrong, they have a monopoly of violence over a specific territory. They generally agree who has the monopoly where. If there are some disagreements between them, there is a tension that eventually ends up with a violent war. And then they fight each other over the turf like common street gangs do. The only difference is that a lot less civillians die in gang wars. I wish I could hold so tightly to such a simplistic view of international politics. Exaggeration and unbridled hate is certainly easier that nuance and understanding. Taking an argumentative position supporting any form of government to someone who belives (falsely, of course) that any form of government is corrupt and evil is an excercise in force cancellation. Trolling birthers and the "9/11 WAZ AN INSIDE JAWBBB" crowd is equally effective, and far more entertaining. |
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Libel.
I dream of my day in court shouting down Rand's zombie corpse ERRRRRRRRRRRRRRR Paul Ryan.. Your opinion is your own. All I know for certain is that I know nothing.
My opinion is that you think you know for certain that you know more than people who think they know for certain but only rely on opinion for their knowing. In that respect, you're probably right. |
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The parasites can't collect taxes on money they can't see.
You read a lot of Ayn Rand, don't you? Meh. I can respect some of her positions but mostly she was an overly-pragmatic, pompous bitch. You named yourself after her most famous steaming pile of hypocritical bullshit. Let me guess - you're a teenager with fairly well off parents who thinks he's figured it all out with the sheer brilliance of his own sparkling intellect. Your sneering narrative voice is a dead giveaway. |
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MTgox is still a very shallow market. It doesn't take much panic to move the markets considerably. I worry about starting a boulder rolling and not being able to stop it.
Didn't that happen yesterday when BTC was trading at 10$? 23.27$ as I write this. A small pool of investors is manipulating this market's shallow froth to tremendous gain. The boulder looks like its on strings. |
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I just realized though.. removing all that hashing from the pool wouldn't reduce the diff.rate (immediately) so your personal odds of mining a block don't actually change.. I think you'd have to effectively remove a shit-ton of hashing power for an extended period of time and get the diff.rate to go back down for this to be an effective attack vector..
Math isn't necessarily my strong suit. Someone smarter than me please comment.
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Slush's pool AND Deepbit are both getting hit big-time, repeatedly, with Distributed Denial of Service attacks!
What gives?
1. target ~65% of aggregate mining pool with hired zomB net DDoS 2. Continue to mine your own 20-50 Ghash minifarm solo 3. Increase personal likelihood of mining whole blocks by factor of 1000 4. Profit |
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 I think the title and graph say it all. Shows how astonishing everything bitcoin related has been. And we're just getting started. Asymptote, here we come!  |
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"...and to the decedents of Rand Paul IV is left these contents of his floor safe."
"Great! were there any data chips in there?"
"Aw shucks, just a bunch of crappy old gold and silver... Oh well, maybe we can get a few microbits at the recycler..."
LoL. I laugh because its funny. Its funny because its true. But the scarcity of gold and its continuing use in microelectronics will ensure its continued value(at some price point) for quite some time. Besides which, as a long time metal holder, I have long since recouped my initial investments in it - if it crashes so be it. I'd still rather have gold than paper  |
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Wouldn't it be best if we called them digital tokens instead of currency to avoid government regulations that are meant for currencies.
I mean I'm sure there are different laws for barter then there are for trading currencies..
Unfortunately that Schrodinger's Cat is very very much out of the bag. Putting a new sematics hat on BTC will not circumvent any government attempt to classify it as currency and destroy it as such. |
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