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661  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: June 24, 2013, 04:43:43 AM
Drug Enforcement Agency seizes Bitcoins
June 24, 2013
Location: Charleston, SC, USA

Abstract: Drug Enforcement Agency reports that bitcoins were seized from Eric Daniel Hughes AKA Casey Jones as a result of a violation of the Controlled Substances Act

Users Bitcoins Seized by DEA
 - http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea

DEA Official Notice
 - http://www.forfeiture.gov/pdf/DEA/OfficialNotification.pdf

[Edit: Additional links and info from report by freedomno1:

Users' Bitcoins Seized by DEA
June 23, 2013

By Brian Cohen and Adam B. Levine

June 23,2013

The Drug Enforcement Administration posted an Official Notification that Bitcoin (i.e. property) belonging to Eric Daniel Hughes was seized for forfeiture pursuant to 21 U.S.C. § 881, because the property was used or acquired as a result of a violation of the Controlled Substances Act (21 U.S.C. §§ 801 et seq.)

DISTRICT OF SOUTH CAROLINA

13-DEA-581051, 11.02 Bitcoins, Acct.#1ETDwGUC1QcjYuehFr3u1FD3MvDaUs7SFy,

VL: $814.22 which was seized in Charleston, SC from Eric Daniel Hughes AKA Casey Jones on April 12, 2013

https://bitcointalk.org/index.php?topic=241484.0;topicseen
]
662  Bitcoin / Legal / Re: Bitcoin Foundation Receives Cease and Desist from California on: June 24, 2013, 04:35:44 AM
Scroll the embedded copy of the letter down for some entertaining incompetence.

Specifically:
 - http://www.scribd.com/doc/149335233/CA-State-Cease-and-Desist-May-30#page=1

I especially enjoyed the copy/paste third-party webpage complete with Google adds for attorneys and an executive search firm "Don't have a CFO?"

It would be funnier if I wasn't paying these bumblefucks with my tax dollars.

The PDF is 11 pages, but that link isn't a direct link from the State, so there's no confirmation yet that's what the State sent.
 
663  Bitcoin / Press / Re: 2013-06-23 Coindesk: CA issues cease-and-desist to Bitcoin Foundation on: June 24, 2013, 04:28:33 AM
Quote
The letter, signed by Paul Clayton, senior counsel at the Department of Financial Institutions (California’s financial regulator), gave the Foundation 20 days to respond, although it was only received last week.

I wonder if it would have been more appropriate if Bitcoin Foundation had released this sooner (e.g., same day).  At a minimum, if someone at the Foundation learned of this order and then traded before the order was publicly released, that might be something another government agency might consider to be "insider trading".
664  Bitcoin / Bitcoin Discussion / Re: How I promote Bitcoin on: June 23, 2013, 08:31:27 PM
Which might - at least I hope so - trigger customers' interest to what the heck this Bitcoin is about.

There is a "rule of seven" in marketing that says that consumers need to see a brand's "message" 7 times before they become familiar with it and feel comfortable enough to buy.  Every touch point, including your link as an payment method alternate to PayPal, adds towards improving familiarity.  Providing a discount is a nice incentive to drum up a little additional interest!
665  Bitcoin / Project Development / Re: Refocused Invictus P2P Exchange Discussion on: June 23, 2013, 07:48:27 AM
You can post general comments in this thread, but it would be very helpful to focus your comments in the google docs document so that they are in context and can be addressed. 

I would think Google Docs comments isn't that good for Q&A activity.

Quote
The escrow agent is also bonded by other agents.

How does this happen?  Who would bond me if I was anonymous.  (or am I not anonymous with other agents?)
666  Other / Beginners & Help / Re: Coinbase new security on: June 23, 2013, 04:58:55 AM
It's still not good enough to stop whoever instantly hacked my account after sending BTC to it

It doesn't look like his Coinbase account got compromised from a theif accessing the account, ... there's something else going on with this:

Since Coinbase doesn't give out private keys there's no way for a thief to create a transaction that looks like a "You sent Bitcoins to an external account" 10.399 BTC withdrawal in the Coinbase Transactions history but at the same time have a transaction combined with other inputs at the blockchain transaction level.
667  Other / Beginners & Help / Re: Help! BTC disappeared from my Coinbase account. What can I do? on: June 23, 2013, 04:49:41 AM
Here's what the transaction page says now. Same thing it said since the transaction went through:

http://d.pictureupload.us/67790295351c673a941187.jpg

This is all very, very strange because when a payment is sent from Coinbase it gets sent as a single transaction.     But that 10.399 BTC spend transaction was combined with other UTXOs in a transaction.

I'm stumped as if this was something like your account and 2FA being compromised then it would simply show as a 10.399 BTC spend transaction by itself.  Since Coinbase doesn't give out private keys there's no way for a thief to create a transaction that looks like a "You sent Bitcoins to an external account" 10.399 BTC withdrawal in the Coinbase Transactions history but at the same time have a transaction combined with other inputs at the blockchain transaction level.   (Unless, again, this was a private key that you imported but I don't know how Coinbase handles importing of paper wallets / private keys so maybe even doing that wouldn't even have been able to have caused this type of outcome).  

Can you confirm that this address was NOT a paper wallet/private key that you imported?
668  Other / Beginners & Help / Re: Help! BTC disappeared from my Coinbase account. What can I do? on: June 23, 2013, 03:57:34 AM
but the status said something like "Just a minute until confirmed". It did clearly say the receipt of the coins was pending when to order to send them to another account was also pending. I never saw my account balance above 0.

What does Coinbase show for the transaction status now?
 - https://coinbase.com/transactions

[Edit: The list of addresses in your Coinbase E-Wallet is available from:
 - https://coinbase.com/addresses ]
669  Other / Beginners & Help / Re: Help! BTC disappeared from my Coinbase account. What can I do? on: June 23, 2013, 03:45:33 AM
I would post a pic of my transaction details, but it is literally the same as the pic posted by DanzoFriend. Same hash, same date and time, same amounts and output addresses down at the bottom of the screen, same block. No difference. None!

You mentioned that you had received "a little over 7 BTC".  There's a UTXO for 7.13310828 BTC.  Is that the transaction you are saying you received and then has since been spent?
  - https://blockchain.info/tx/6813be2f7feb3cc45beefed6fcae8c62aeac7fe23c0613731c6557abe6e4438d?show_adv=true

If so, have you ever imported a paper wallet?  Specifically, 1AGbAJVqMsGgV5TovrVK4s8vFYkF8C5RUH?    
[Edit: I'm not sure how Coinbase treats imported Bitcoin addresses ...  it might sweep funds from a paper wallet to another address in your Coinbase wallet.]
670  Other / Beginners & Help / Re: Help! BTC disappeared from my Coinbase account. What can I do? on: June 23, 2013, 03:30:06 AM
Lol. I think we are getting trolled.

No, you're not. I was robbed, and so was the other person. Same thing could happen to anyone in the cryptocurrency world.

So you are saying you use Coinbase and your Coinbase balance went down after you received Bitcoin funds?   And there is a transaction in Coinbase history that shows a BTC withdrawal ("You sent bitcoins to xxxxxxxxxxxxxxxxx") and you did not make that withdrawal request?  And that you have 2FA authentication?

Well, then let's consider what could have happened.

Authy is the 2FA authentication method that Coinbase uses.  Authy requires a mobile app or alternatively the 2FA code for withdrawal is sent as a text message.

So did you receive a text message with a 2FA code from Authy?

Either way, Coinbase can help you figure out exactly when this 2FA code for this transaction was sent (and Authy knows the the IP of the mobile device if the 2FA came from an app), and the IP address that was used when accessing Coinbase.com for that withdrawal transaction .

Have you contacted them?
 - http://support.coinbase.com/customer/portal/emails/new
671  Other / Beginners & Help / Re: Help! BTC disappeared from my Coinbase account. What can I do? on: June 23, 2013, 01:55:15 AM
I would post a pic of my transaction details, but it is literally the same as the pic posted by DanzoFriend. Same hash, same date and time, same amounts and output addresses down at the bottom of the screen, same block. No difference. None!

I'm not able to see the image on postimg.

But if two separate accounts are showing the exact same withdrawal transaction that's something Coinbase needs to know about.
672  Alternate cryptocurrencies / Altcoin Discussion / Re: What Litecoin means for Bitcoin (and crypto in general) once it's on Mt.Gox on: June 22, 2013, 08:20:08 AM
What I'ld like to know is who suffers if Mt. Gox offers Litecoin trading and there is a 51% attack against Litecoin in which those funds were then double spent against Mt Gox.

Mt. Gox was asked this question, but they declined to provide an answer:
 - http://pastebin.com/RVe7LbH9

As a result, it must be presumed that funds are not safe when left with an exchange that trades alt coins and doesn't have a policy or other protections regarding a 51% attack:

Your Bitcoins Are Not Safe At Alt-coin Exchanges
 - http://www.bitcoinmoney.com/post/53207712103
673  Economy / Service Announcements / Re: BitBin - Earn bitcoins with your pastes! on: June 22, 2013, 08:04:11 AM
Doh!

Quote
BitBin is currently down due to a web host related security breach.

Will the existing paste's be restored / made available again?
674  Bitcoin / Development & Technical Discussion / Re: Double spending on: June 22, 2013, 07:16:47 AM
If someone were able to do a double spend or revers a transaction, would we ever know about it?

A race attack (on 0/unconfirmed) uses deception where the Bitcoin node used by the recipient sees one transaction but the miners see a different transaction -- with both transactions spending the same coin.

So if your node were to see one transaction (at 0/unconfirmed) and then eventually a block came in with a different transaction then your node will behave as if the original transaction never occurred.

So there's no alert and no other way to learn that a double spend occurred.

If the race attack failed (i.e., the mining nodes received the same transaction as the recipient's node knew of) then there would be no way for a the recipient's node to know that an attack had been attempted.

Now if there is a block re-org in which a transaction had a confirmation and then a subsequent block arrived causing a transaction to revert to 0/unconfirmed, then that might be visible to someone watching a transaction but the client itself does not alert on such an event.

Some services that have multiple listeners (using a customized client that does not reject invalid double-sped transactions) can recognize double spends, but this detection and alerting is not something the stock bitcoin.org client offers.

Blockchain.info does report double spend conflicts for an address in their web interface.
675  Economy / Service Discussion / Re: On-line wallet sites that sign messages? on: June 22, 2013, 02:54:30 AM
There are several online wallets, but I don't know of any that have a message signing function. If you know of one, please reply with a link to the site?

Blockchain.info
Under the Receive Money tab, select pull-down for actions on any address.  Then click Sign Message.
676  Bitcoin / Press / Re: 2013-06-21 AmericanBanker.com - In-Person Bitcoin Exchanges Are Thriving on: June 21, 2013, 08:11:52 PM
that link goes to this thread...

Doh, sorry!  Fixed.   The link is:
 - http://www.bitcoinmoney.com/post/52305091840
677  Bitcoin / Press / Re: 2013-06-21 AmericanBanker.com - In-Person Bitcoin Exchanges Are Thriving on: June 21, 2013, 08:06:48 PM
That in American Banker, cheeky fecker Smiley This Bitcoin things getting way out of hand, better put on more pressure on the branches to close the accounts of these exchange sites.... and unleash a hydra.

It gets to be diminishing returns.

Like when Dwolla enacted the 30-day probation before transfers could be made to Mt. Gox and other Bitcoin exchanges the result was the "Dwolla <--> Mt. Gox" thread in which person-to-person trading between forum users absorbed much of that demand from those with less than the thirty days.   Then Dwolla proceeded to try to figure out which of their customers were performing these person-to-person trades  and extend the "high risk merchant" status to those accounts.  It is kind of like whack-a-mole.

So banks close the accounts for Bitfloor, Bitcoin-To-Cash, Bitspend, etc.  but at the same time they operate account-to-account (A2A) transfer methods which facilitates person-to-person trading of Bitcoins via the banking system:
 - http://en.bitcoin.it/wiki/A2A_Transfer_Methods

678  Bitcoin / Press / Re: 2013-06-21 AmericanBanker.com - In-Person Bitcoin Exchanges Are Thriving on: June 21, 2013, 05:48:34 PM
In the U.S., FinCEN's guidance describes trading bitcoins or cash as being a money transmitter.  Money transmitters are required to register with FInCEN as a Money Service Business (MSB).    There is an exception however.  There is a limitation in the regulations for infrequent trading (i.e., five times or less per year, and not done for profit):

Limitation On MSB Regulations For Infrequent Trading
 - http://www.bitcoinmoney.com/post/52305091840

Thus there is then valid reason for (most of) these thousands of traders to be active without regard to FinCEN's guidance.  
679  Bitcoin / Press / 2013-06-21 AmericanBanker.com - In-Person Bitcoin Exchanges Are Thriving on: June 21, 2013, 05:37:50 PM
In-Person Bitcoin Exchanges Are Thriving
by Jon Matonis


Quote
In-person bitcoin transactions allow you to meet interesting new people in your area – and discuss bitcoin.
[...]
For the casual traders seeking more privacy, I recommend in-person trading through LocalBitcoins.com.
[...]
LocalBitcoins has steadily added new cities and market depth. 'We currently have 142 countries and 1700 cities,' [founder Jeremias Kangas] recently told Bitcoin Magazine, 'but that most definitely isn’t enough. We want to expand to at least 170,000 cities'.
[...]
LocalBitcoins offers an escrow facility and a rating system both of which can be extremely valuable for the first-time trader.
[...]
The bitcoin provider sets the price markup and types of payment that will be accepted. [...] Given the robustness of trade in some large urban areas, it is entirely possible to earn a living from buying and selling bitcoin using the LocalBitcoins matching platform.
[...]
In the general classification of commodity, bitcoin's trade is similar to any other collectible item, such as antique diamonds, celebrity autographs, moon rocks, Buddha figurines, and baseball cards.
[...]
Ultimately, until physical paper cash is outlawed, bitcoin will still be bought and sold in person just like any other commodity.

 - http://www.americanbanker.com/bankthink/in-person-bitcoin-exchanges-are-thriving-1060061-1.html?zkPrintable=1&nopagination=1
680  Bitcoin / Bitcoin Discussion / Re: From a low level, how does difficulty work? on: June 21, 2013, 05:07:27 PM
So the target is a 64 bit number

A 256 bit number stored as a floating point and truncated:
- http://en.bitcoin.it/wiki/Target

Also more info here:

What is “difficulty” and how it relates to “target”?
 - http://bitcoin.stackexchange.com/q/8806/153
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