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141  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 11, 2015, 10:37:09 PM
Control of Bitcoin rests in the hands of miners when you're talking about a chain fork.

And miners are essentially paid employees/contractors.

The Economic Majority is who the miners work for:

Now what isn't being appreciated is exactly how risky it is to miners to adopt changes that have the potential to put them mining on the wrong side of a fork.

Let's say you run an exchange (e.g., BitStamp), hosted (shared) E-Wallet (e.g., Coinapult), or merchant processor (e.g., BitPay).    If you start accepting bitcoins from miners (which become spendable after 100 confirmations) then you are taking on the entire risk of loss if the proposed fork fails to maintain the lead.   So maybe to protect against that risk you reject any deposits or purchases that include coins that are tainted from post-fork coinbases.  That immediately kills fungibility.  The miners won't want to take on the full risk themselves and begin to dump their newly mined post-fork coins at a discount.  Pretty soon the unchanged side of the blockchain fork gains hashing power and begins to snowball.  The writing is then on the wall.  Maybe 24 or 48 hours later, the proposed fork that initially had "wide support" is no longer the longest chain.

Now when that happens you have havoc wreaked because certainly this was an outcome that some fraudsters were hoping for and the two sides look nothing alike -- with many, many coins spent differently between the two sides of the fork.

I'm not saying I wouldn't like to see a bigger blocksize.  I'm just pointing out that a hard fork will require a huge collective leap of faith -- and even this sole promise of dissent might be sufficient to torpedo that forking effort.
142  Bitcoin / Bitcoin Discussion / Re: Bitstamp hack. A real life test of anonymity in Bitcoin on: January 11, 2015, 06:26:41 PM
There isn't even any proof that Bitstamp was ever hacked.

Exactly.  If we were to start treating these coins different from any others (e.g., by blacklisting them) then that provides an opening for all kinds of abuses (by those who might falsely claim "hack!" in an attempt to get the funds back or drive some other outcome.)
143  Other / Bitcoin Wiki / Re: Have a suggestion or problem? on: January 03, 2015, 12:27:08 AM
Having trouble logging in.   I know I am using the right password because if I try using an invalid password I get a warning.  After entering username and password I am brought to whatever page I was at when I wanted to log in, but the "Log in" link at the top right is still there -- meaning there was no authentication.

[Edit: marking the checkbox "Keep me logged in" resolves the problem for me.]
144  Bitcoin / Meetups / Re: Bitcoin Kenya Meetup (Nairobi) on: December 01, 2014, 09:50:16 AM
Meetup today (Monday, December 1st, 2014, 5pm) at iHub (Bishop Magua Centre on Ngong Road) Nairobi

145  Bitcoin / Project Development / Re: Bringing Bitcoin to the world-competing with Western Union on: November 29, 2014, 12:10:35 PM
Some recent developments ....

146  Bitcoin / Project Development / Re: #BitcoinAfrica -- your help required! on: November 15, 2014, 01:56:06 PM
Maybe, but for Bitcoin to be succesful in many parts of Africa it will have to be able to operate on USSD/sms level mobile phones.  I would imagine this would be centralised wallets operated by a mobile service operator or similar.

Safaricom is partly owned by the government (Kenya).  I would bet hell would freeze over before Safaricom would give  a Bitcoin wallet provider access to their local USSD gateways (which are required for secure communication of mobile-originated requests.)

Right now most new phones sold are smartphones.   This still means only a small segment of the population ... (like less than 20%) has a smartphone today but that's not as huge a hurdle as it may seem.  Families and neighbors are used to sharing resources.  Those that don't have a feature phone even yet today might have their own SIM card though.  With this SIM card one can borrow a phone to use M-Pesa, for example.   With an inexpensive hardware 2FA device a person without a smartphone can safely borrow someone else's smartphone to make a Bitcoin transaction.  Even paper-based wallet using BIP-38 might be useful with a borrowed phone (one that is provided by the merchant even), presuming the password is single-use (i.e., spend all funds in that wallet and the wallet is not re-used).
147  Economy / Services / Re: 1 Bitcoin BOUNTY for info on Michael Moriarty. Owner of 50+ bitcoin sites. on: November 07, 2014, 05:53:43 PM
The amount of spam I'm receiving from this dude's operations is growing steadily ... he's the "meetup organizer" for meetup groups in more than a half dozen cities (including L.A., San Francisco, and .... Vancouver ... that's a red flag), and I see nonstop spam/announcements from his other sites I joined to monitor.   This is getting worrisome ... is he pulling a long con?  

Do you know Dr. Michael Moriarty with a PhD from Stanford?

A CHALLENGE to: Dr. Michael Moriarty
148  Other / Archival / Re: MTGOX lost Bitcoins found by a Japan researcher on: November 06, 2014, 10:59:30 AM

Incidentally, that goes to

which is meant to deceive the user into thinking the page is from the site, but it is obviously not.
149  Alternate cryptocurrencies / Marketplace (Altcoins) / [WTS] Premium domains, including, & more on: November 06, 2014, 10:35:36 AM
I am selling the domain,, and many others.

PM me with any offers, or with any questions or comments if you wish to communicate privately.
The full list of Bitcoin-related domains listed here:

[Edit: Originally this post was listing for sale as well, but that has been sold.]
150  Economy / Auctions / Re: Bitcoin-related domains - winning bid chooses one on: November 06, 2014, 10:30:18 AM
Sorry to bump / necrothread.

which of your domains are still available and if you're still interested in selling

I have an ad where I've listed many of these domains for sale:
151  Economy / Digital goods / [WTS] Premium Bitcoin Domains, including,, & more on: November 06, 2014, 10:28:18 AM
I am listing for sale the following domains.  PM me with any offers, or with any questions or comments if you wish to communicate privately.

These include the @Twitter name that was registered as well. [Auction]  (Includes @BitcoinTreasury Twitter account)

Sets: & & & [Auction]  (Includes @BitcoinNote,  @BitcoinNotes, @BTCNote and @BTCNotes Twitter accounts) & [Auction]  (Includes @BitcoinMint Twitter account)

I can also be reached by e-mail,
152  Other / Beginners & Help / Re: Easiest way to buy bitcoins with credit card. on: November 04, 2014, 03:12:45 PM
Trucoin is now available in 27 U.S. states -- available to all in those states, no more "limited beta":


Pay with VISA or Mastercard.
153  Economy / Service Discussion / Re: Gyft/eGifter equivalent for purchases in Europe? on: November 04, 2014, 02:44:41 PM
Sorry for necrothead, but there's a relevant update.

Is there a reliable Gyft/eGifter equivalent for Europe, and Gift Cards now available from eGifter:

154  Bitcoin / Meetups / Re: Bitcoin Kenya Meetup (Nairobi) on: October 16, 2014, 02:03:46 PM
Does the Meet Up venue accept Bitcoin?

Neither Pete's Coffee nor Brew Bistro (the two host locations, to-date, for the monthly meetup) accept Bitcoin yet.  They are both located in office buildings with startup incubators (Pete's Coffee is in the building that hosts iHub as well as USHAIDI, Brck, GSMA, & others, and Brew Bistro is in the building that 88MPH sits) so there are plenty of techies, many of whom would pay with Bitcoin.

Perhaps once BitSoko starts rolling there will be more merchants in Kenya willing to put up the "Bitcoin Accepted here" sign.
155  Economy / Trading Discussion / Re: Bitcoins in Saudi Arabia? on: October 05, 2014, 11:15:42 AM
Do you know whether it is legal to sell bitcoins in Saudi Arabia?

Saudi Arabia has lots of "informal value transfer" network activity (e.g., Hawala) though I don't know what is considered "legal". 

Perhaps there's more info from these sources:

No fatwa has been issued against the cryptocurrency,

Here's a thread you might want to follow:

Middle East (UAE, Saudi, etc) - بتكوين في الدول العربية
156  Bitcoin / Meetups / Re: Twin Cities, Minnesota, USA on: September 17, 2014, 02:03:55 PM
2014 bump

Doh, ... too late.  Agorafest 2014 was last month.

And there was an event earlier this month and several events last month (including a booth a the State Fair !!!):

So join that meetup group if you haven't yet and it'll send you e-mail when any upcoming meetups get scheduled.
157  Other / Beginners & Help / Re: Orphaned blocks and transactions on them on: August 27, 2014, 06:23:05 PM
I don't think transactions can get lost? that would be ridiculous  Huh

Happens all the time.

Transactions that don't confirm (e.g., with six confirmations) eventually get dropped by the miners (due to the limited size of the transaction pool which is in-memory only.)

There is even the possibility for a confirmed transaction to get "lost".  That happened with the March 2013 hard fork where a customer deposit to OKPay had confirmed, but then that customer took advantage of the hard fork situation to create a double spend against OKPay.  Due to the situation, the miner that included the double spend (BTC Guild) had already known of the original transaction on the v0.8 side of the blockchain fork but then included the double spend of that same transaction when they switched to solving blocks on the pre-v0.8 side of the fork.      So BTC Guild "lost" the first spend transaction -- likely due to re-starting the client which, at the time, had no method of pulling the transaction memory pool from a peer or from permanent storage.   

That's a very, very rare situation.  Though it could have been a $10,000 loss to OKPay had the customer not returned the funds that were double-spent.
158  Bitcoin / Bitcoin Discussion / Re: IRS 501(c)(3) Public Charities That Accept Bitcoin on: August 27, 2014, 05:52:13 PM
There might be additional ones that can be found from sifting through the list here:
159  Economy / Speculation / Re: Question For Bitcoin OldTimers on: August 25, 2014, 09:48:18 PM
Halving was already priced in to the exchange rate by speculators -- so it occurring didn't cause a shock.

Halving was not really considered by most miners.  Many of them were pretty surprised to see their yield drop (in terms of XBTs) by half.  Some of these miners had bought mining hardware because buying at an exchange was difficult, at best.  So when the returns (in terms of XBTs) dropped there was some buying pressure once they discovered that methods available from the exchanges had improved.

Now that a much greater part of the world has exchanges, that buying pressure from the miners that came with the first halving won't repeat for the second halving.

Since many miners sell much of their bitcoin revenues, this next halving will likely have a bigger impact on liquidity after the halving occurs than the first one did, IMO.   i.e., the loss of supply of $50K /day (calculated as 3,600 XBT/day at $14 each) had a lot less impact than will $1 million/day (calculated as 1,800/day at $555 each, or whatever it will be then).

160  Economy / Goods / Re: NEFT Vodka and Bitcoin on: August 22, 2014, 12:57:18 AM
Ha, NEFT advertising in Vegas.

Too bad they didn't plug Bitcoin.
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