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1  Bitcoin / Bitcoin Discussion / Re: ALERT: You have 5 days mtgox on: July 04, 2011, 07:07:19 PM
lulzsec

fuck off
Now you're just being stupid: they disbanded over a week ago. Good luck having them do anything to MtGox.

clearly this is over your head
2  Bitcoin / Bitcoin Discussion / Re: ALERT: You have 5 days mtgox on: July 04, 2011, 05:46:29 PM
The OP has every right to be as frustrated as he is. What's shocking is the amount of folks who come to defend Mt. Gox as if they were getting paid to do so.


Its okay, their are much more complaints against them.
3  Bitcoin / Bitcoin Discussion / Re: ALERT: You have 5 days mtgox on: July 04, 2011, 05:32:31 PM
Your going to do WHAT, going to kill him with an overdose of bad HTML formatting?

Anyway, I've never really had any problems with mtgox. Yes the hack and downtime was annoying but the site came back as promised.



LOL @ HTML

ignorant idiot

i am sorry but you are being ignorant. you cannot accomplish anything with posts like that.
You could calmly create a post and lay out the exact situation to the rest of the forum asking for suggestions.
During this time you could create new tickets to resolve your problem.
BTW. html joke was awesome  Grin

lulzsec

fuck off
4  Bitcoin / Bitcoin Discussion / Re: ALERT: You have 5 days mtgox on: July 04, 2011, 07:50:49 AM
Your going to do WHAT, going to kill him with an overdose of bad HTML formatting?

Anyway, I've never really had any problems with mtgox. Yes the hack and downtime was annoying but the site came back as promised.



LOL @ HTML

ignorant idiot
5  Bitcoin / Bitcoin Discussion / Re: ATTENTION: Any exchange right now can act like a bank on: July 04, 2011, 04:32:22 AM

If everyone knows the exchange has a fractional reserve it's not a bad thing.
If they're doing it without saying so that's another issue.

We've talked about doing something along those lines (the wallets).
I don't write the code so I'm not sure how difficult it would be to have individual wallets.
I would be interested in any solutions people can come up with though.

-Jered
 

The system is useful because it provides transparency. The question of whether fractional reserves are desirable is not relevant.
Transparency is useful with a fractional reserve too.

E.g.
Suppose that the exchange promises to hold a minimum of 30% as a BTC reserve against all its bitcoin liabilities. Each customer is assigned a unique block explorer address that holds exactly 30% of their account balance.

If this account is not at exactly 30% of the account balance, then the customer will know that either:
a) the exchange has been hacked, or
b) the exchange is not holding a 30% BTC reserve.

Again, customers should be able to audit exchanges using block explorer. That is what the technology is there for.



Your turning an exchange into a bank, which isn't what we want, though with this you can also do what your saying as well.
6  Bitcoin / Bitcoin Discussion / Re: 1GoXeD generated January of 2009 in block 4388 on: July 04, 2011, 04:24:06 AM

I feel bad for how stupid you are.
7  Bitcoin / Bitcoin Discussion / Re: ATTENTION: Any exchange right now can act like a bank on: July 04, 2011, 03:54:16 AM

This is trivially done.  Check the total of BTC in the DB and compare it to the exchanges BTC wallet(s). Perhaps before each withdrawal.
It's most likely the exchanges have many such checks already in their code.

Exactly, it's simple to compare how many BTC are actually there to how many should be.
If any of the other exchanges aren't doing that I'll be surprised and disappointed.
-Jered

The point is allow customers to verify their account BTC balances independently of the exchange. This can be done by assigning each
customer a single wallet address. The customer can check their balance using block explorer. If money in the wallet doesn't match the customers accounting, then
a) their account has been hacked, or
b) the exchange is using a fractional reserve


This is my point exactly, you also get the TRANSACTIONS when you buy bitcoins they will list everyones wallet that you bought from.

Saying just to look at their wallet is stupid. Obviously when you take BTC some will come out, but you don't really know what the database says they have.
8  Bitcoin / Bitcoin Discussion / Re: ATTENTION: Any exchange right now can act like a bank on: July 04, 2011, 03:04:39 AM
Explain how your going to know the amount of bitcoins each person actually has with my simple solution to the problem.
An exchange uses a database to store everyones information, such as the amount of BTC you have. Say the exchange has 1000 BTC total from a spread of 100 users. Someone hacks the database (or the site/owner changes the database) and adds a user and sets his BTC amount to 1000 BTC -- even though those BTC don't actually exist.

This user can now proceed to sell, buy, cashout ect. -- All without being noticed as long as more and more users use the site. Now, if one day the user base becomes too low or everyone decides they need to cash out -- IT WILL NOT BE POSSIBLE.

A system in place needs to be acted upon on all the exchanges ASAP. I call upon them to do this for the safely of BTC and its users.


This is trivially done.  Check the total of BTC in the DB and compare it to the exchanges BTC wallet(s). Perhaps before each withdrawal.
It's most likely the exchanges have many such checks already in their code.

Are you  suggesting the exchange should operate directly by depositing BTC as trades occur?  I guess you can't be - because that would be utterly impractical due to the slowness - and would mean that if things were hacked/glitched - there'd be no repair possible via rollback.
(reverted trades do occur on standard exchanges - happened on NASDAQ earlier this year due to glitch apparently)

I'm not clear on how the addresses you talk about allow us to verify things are legit - to me it sounds unlikely to be useful.  Please give an example of a previously empty exchange followed by a single trade between two users, and what is where in your scenario.

9  Bitcoin / Bitcoin Discussion / Re: Corrupted wallet with 5.8 BTC in it on: July 03, 2011, 11:15:00 PM
lol this is not a trivial problem.  I've tried all the normal stuff, now I need to get bitcoin tools working.

Not sure if serious.
10  Bitcoin / Bitcoin Discussion / Re: Corrupted wallet with 5.8 BTC in it on: July 03, 2011, 11:09:23 PM
Go to,

C:\Users\YourUserName\AppData\Roaming\Bitcoin

Move the wallet.dat file to your desktop.

Delete everything else on the directory.

Move the wallet.dat file back in the directory.

Start the client.

Reward me: 12C3Pfudc21RDUxfc2K1EvnKNe9Lmnsmzm
11  Bitcoin / Bitcoin Discussion / ATTENTION: Any exchange right now can act like a bank on: July 03, 2011, 10:41:17 PM
Many of you might think I'm just trolling based on previous posts, but no sadly I'm not. I'm just bringing up some very serious issues that should be dealt with NOW rather than later.

An exchange uses a database to store everyones information, such as the amount of BTC you have. Say the exchange has 1000 BTC total from a spread of 100 users. Someone hacks the database (or the site/owner changes the database) and adds a user and sets his BTC amount to 1000 BTC -- even though those BTC don't actually exist.

This user can now proceed to sell, buy, cashout ect. -- All without being noticed as long as more and more users use the site. Now, if one day the user base becomes too low or everyone decides they need to cash out -- IT WILL NOT BE POSSIBLE.

A system in place needs to be acted upon on all the exchanges ASAP. I call upon them to do this for the safely of BTC and its users.

=====

When a user registers an account, they need to be assigned a permanent bitcoin address that the user can send BTCs to, and request to withdraw BTCs from.

This prevents a database to become compromised with BTC amount because the bitcoin address can be looked up at any time on blockexplorer to see the amount of BTC that address carries.

When users buy and sell BTC, information on every transaction needs to include the bitcoin address of the user those bitcoins were bought from -- again so anyone can verify they are legit.

The above basically creates a system anyone can verify is legit.

The next problem is verifying if they actually have all the cash. I can't really think up a good solution for this than to have trusted 3rd party check the financial information -- which is much needed.
12  Bitcoin / Bitcoin Discussion / Re: You have 5 days mtgox on: July 03, 2011, 10:30:12 PM
instead of actively ignoring his obligations and responsibilities by deleting peoples' support tickets without so much as an explanation.

give some proof of this.

He, I, and everyone reporting this on the forum is the proof. Go back inside your hole.
13  Bitcoin / Bitcoin Discussion / Re: You have 5 days mtgox on: July 03, 2011, 10:28:15 PM
FYI, i have traded large sums of money in mtgox w/o any issues and MagTux has been straight forward and accommodating to me in every way.  for anyone wanting liquidity and an owner who was an early adopter and who is dedicated to making Bitcoin work, you can't get any better than Mark.

If that's true, it's really sad. I'd have liked an early adopter who had a clue about how to run a business. You know, by doing simple things, like answering customers' questions about their accounts, instead of taking intentional and deliberate steps to ignore customers. I'd have liked an early adopter who was willing to be honest with people, instead of actively ignoring his obligations and responsibilities by deleting peoples' support tickets without so much as an explanation. If this is how MagicalTux thinks his customers deserve to be treated, then this is one early adopter I think deserves to lose his entire investment.

+1
14  Bitcoin / Bitcoin Discussion / Re: You have 5 days mtgox on: July 03, 2011, 10:24:32 PM
you have to laugh when all these OP trolls put up a post like this and then don't bother to elaborate or extend their thread.  FUD!

Are you fucking kidding me? Where have you been? Inside a hole?

ah, there u are. 

FYI, i have traded large sums of money in mtgox w/o any issues and MagTux has been straight forward and accommodating to me in every way.  for anyone wanting liquidity and an owner who was an early adopter and who is dedicated to making Bitcoin work, you can't get any better than Mark.

Facepalm.
15  Bitcoin / Bitcoin Discussion / Re: You have 5 days mtgox on: July 03, 2011, 10:18:49 PM
you have to laugh when all these OP trolls put up a post like this and then don't bother to elaborate or extend their thread.  FUD!

Are you fucking kidding me? Where have you been? Inside a hole?
16  Bitcoin / Bitcoin Discussion / ALERT: You have 5 days mtgox on: July 03, 2011, 08:47:41 PM
MTGOXLIVE NEWS FEED: UP UP -hacked- DOWN DOWN DOWN -fix- (excuse here) UP UP UP -hacked- {CRASHED} -another "fix"- (more bs excuses here) DOWN DOWN DOWN DOWN HORRIBLE SUPPORT CLOSED TICKETS DOWN DOWN DOWN DOWN DOWN DOWN  (yet even more excuses) DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN DOWN
Get your fucking shit straight or in 5 days I don't care how much DDoS/security protections you have, there will be much more issues with your site than your users complaining about not getting there money or missing BTC -- yes that is a threat. Closing tickets over and over without reason is not acceptable and will not be tolerated any longer. You are keeping money and BTC without responses.

I don't give a shit about what your "latest excuse is". GET YOUR SHIT TOGETHER NOW.

I highly suggest everyone withdraw their BTC/cash from this site if everything isn't straight within 5 days of this post.

-One very pissed off fuck

EDIT: For those of you asking about other exchanges, TradeHill and Bitcoin7 are what I recommend.

17  Bitcoin / Bitcoin Discussion / Re: Need a place to use your BTC? Play poker! [ My bitcoin poker site review ] on: July 02, 2011, 06:17:37 PM
hmm no one tired em out?
18  Bitcoin / Bitcoin Discussion / Need a place to use your BTC? Play poker! [ My bitcoin poker site review ] on: July 02, 2011, 04:02:44 AM
First off, I don't own this site in anyway, I was first skeptical about playing on it. I use to play lots of online poker before the DOJ attacked most of the popular online poker sites, so with me being addicted, I decided to try out this poker site that accepts BTC.

Obviously its still very new and while it is a little laggy and cheap looking, once you actually try it out, you can't stop playing. It lacks users at the moment, but you will always be able to find 2-3 tables to play on. This is the main reason I'm writing this review, is that I want more people to play with.

You can withdraw/deposit BTC instantly (once the transaction has been verified at least once). You can also play multiple tables at once and chat with the users. The site does have a 1% rake fee with exceptions that can be found here. (https://betco.in/rake)

While the program is still pretty much in beta mode, the only real problems for the moment is sometimes it lags. Everything is also open source, you can download and checkout the source from the website.

I hope you guys try this site out if you enjoy playing poker. Over 3 days I have turned 3 BTC into just over 30 BTC.. Another reason I'm happy to give this site a great review.

I'm glad to see more useful things for BTC, here is the site:

betco.in

BTW for some confusion 1 BTC = 100 chips
19  Bitcoin / Mining / Re: 0.00008549 BTC per day on: June 11, 2011, 07:20:17 PM
Use Google as your calculator for large decimals:

http://lmgtfy.com/?q=1+%2F+0.00008549

Might want to look in to alternate methods of gaining bitcoins...

Heh I was just interested in knowing what my PC would generate from its CPU, and I got one part wrong, its every 3 hours not every 1 day.
20  Bitcoin / Mining / 0.00008549 BTC per day on: June 11, 2011, 07:16:33 PM
If I make 0.00008549 BTC per day, how many days till I make 1 full coin?

I'm having issues figuring this out with my POS calculator.

Thanks.
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