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1  Bitcoin / Bitcoin Discussion / Re: A successful DOUBLE SPEND US$10000 against OKPAY this morning. on: April 09, 2014, 06:08:09 PM
There has never been a double spend.

It seems like many have to believe this for their world to continue spinning but it is patently ludicrous to put your faith in a negative statement that by definition cannot be proven.

There HAVE been double spends and there will continue to be double spends.

If we truly want this experiment to survive we must identify these edge cases and provide solutions instead of burying our heads in the sand afraid of the bad publicity.
Maybe your right? Please point me to a double spend.


What is your definition of double spend?

Are you including operator error and self-inflicted (ie. allowing 0-confirmations)?  The network (and access) isn't always fast enough for every use case either.

2  Bitcoin / Bitcoin Discussion / Re: A successful DOUBLE SPEND US$10000 against OKPAY this morning. on: April 08, 2014, 03:52:12 PM
There has never been a double spend.

It seems like many have to believe this for their world to continue spinning but it is patently ludicrous to put your faith in a negative statement that by definition cannot be proven.

There HAVE been double spends and there will continue to be double spends.

If we truly want this experiment to survive we must identify these edge cases and provide solutions instead of burying our heads in the sand afraid of the bad publicity.
3  Bitcoin / Project Development / Re: Building own trading bot on: March 24, 2014, 09:13:19 AM
No need to reinvent the wheel. Take an existing bot and modify for your needs. I wasted several months on my own code until I dug deeper into what is out there. My code was usable,but still just the basics. With existing, you get the basics for free and you get to build something advanced more quickly.

For nodejs I run Gekko.   Search for it here or Github.
4  Bitcoin / Mining speculation / Re: mining decrease of 50% last month on: March 10, 2014, 10:38:12 AM
Then it depends on the difficulty of the coin you are mining and the price of BTC when you exchange up.
5  Economy / Economics / Re: Is Cryptographic Trust Enough? on: March 07, 2014, 03:31:40 PM
economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.

http://www.howstuffworks.com/currency6.htm

I'm work in a small business and about 90% of sales goes through PDA machines ...  myself.....well I dont have more than 10 quids in my pocket for ages ... every time I lost my debit/credit card .. I rush to the bank agency because I simple don't have enought banknotes with me...

Good point.  If fiat exists to such a percentage in digital format, why doesn't traditional banking suffer from these security issues at the same level?
6  Bitcoin / Bitcoin Discussion / Re: Basic IQ test on Satoshi's identity on: March 07, 2014, 03:25:24 PM
Academics have a long history of understanding the gravity of their discoveries too late.  Just look at Einstein and the minds that birthed the atomic bomb.

When you write it, it's just another one of 100's of academic papers in a career. Just like anything else you rarely know it's "the one" at the time.

Not saying this is him. Just thinking to history.

This is irrelevant to the logic presented in the two IQ questions.

When you conflate irrelevant details, it exhibits low IQ.

What a troll.

7  Bitcoin / Bitcoin Discussion / Re: Basic IQ test on Satoshi's identity on: March 07, 2014, 02:40:03 PM
Academics have a long history of understanding the gravity of their discoveries too late.  Just look at Einstein and the minds that birthed the atomic bomb.

When you write it, it's just another one of 100's of academic papers in a career. Just like anything else you rarely know it's "the one" at the time.

Not saying this is him. Just thinking to history.
8  Economy / Economics / Re: Is Cryptographic Trust Enough? on: March 06, 2014, 01:34:55 AM
you just need a public key, you can print it out if you like ... anyone can go to the blockchain and say .. yep I can see you go it .. do you have a private key? then you just need to sign a message with a private key to prove that you control the bitcoins  ..

With no machines (ie. miners) to process your transactions, you have only a piece of paper with a QR code.  No one will accept that as payment.  Bitcoin does nothing as a protocol in a vacuum.  It has to exist inside of a computer in the real world to be useful. 

Cash on the other hand, requires nothing additional but itself.  You hand me product, I hand you cash, we are done.  The downside of cash is that it does require proximity or trusted courier, (ie. banks). 

Bitcoin solves the proximity and courier problems by bringing computers and networks into the equation.  We can't then ignore them and only believe the protocol is the security of bitcoin. The network is the currency as much as the protocol.

We seem to further confuse the situation by pointing fingers and saying it's someone else's problem to solve.  For the adoption of bitcoin the protocol, this is everyone's problem.  The only answer can't be "Don't trust bad people with your BTC."  We have to trust services with our BTC temporarily to do business in a lot of case.  We've seen some supposed pillar services of the community famously blow up or implode over the years not to mention the last few weeks.

As banks are the infrastructure fiat/cash lives in; computers and networks are the infrastructures digital currency lives in.  Everything that cryptographic trust is built on assumes the hardware it is running on can be trusted (and by proxy the owners).  It has been proven time and again this isn't always the case.  Systems are compromised all the time.  Whether it be outside from a hacker or from internal theft. 

Currently cash and banks don't suffer to the same extent from these problems.  They use the same internet we do, so it can't be just technology.  Your checking account balance doesn't disappear overnight with no paper trail as has happened time and again to customers of various bitcoin services and exchanges.  Banking is so heavily regulated, the money leaves a trail wherever it goes.  Where did all of the Flexcoin funds go?


 




9  Economy / Economics / Re: Is Cryptographic Trust Enough? on: March 05, 2014, 07:32:10 PM
Bitcoin the currency and protocol has never been attacked.  I mean it is like saying I saw a 7-11 get robbed so obviously there is a critical flaw in the dollar.

My point is bitcoin doesn't exist on paper.  It exists as bits inside a machine.  Without that machine we cannot transact business to even write to the blockchain.

Cash can be transacted hand to hand.  Bitcoin can't.

Focusing only on the math and not the machines and implementation is missing half the equation.  

10  Economy / Economics / Is Cryptographic Trust Enough? on: March 05, 2014, 07:01:52 PM
Bitcoin's cryptographic trust model seems to place too much trust in cryptography and too little acceptance of reality.  Network and user security is a virtual wild west and likely forever will be.  The moment a device is connected to a network, it is vulnerable to intrusion.  That in itself is where the breakdown in trust starts.  Black and white hat hackers have been playing leapfrog for state-of-the-art since the beginning. As we continue to pour more of our lives into the ether this will go on.

The problem we keep seeing may not be with the protocol itself, but the implementations.  Bad code interfacing with the protocol (ie. at an exchange), lax security update procedures, known OS holes, theft/'insolvency'... these all are real world barriers to the widespread acceptance of bitcoin.

A major drawback to the decentralized nature of bitcoin is that some very critical tasks (ie. security) are largely left up to the end user.  Today this includes trolling these boards to stay on top of security issues, which exchanges/services/merchants are legit/solvent, keeping wallets up to date, etc.  Mainstream Anytown, Anywhere doesn't have time for this.  It's just money, we're used to taking these things for granted (and paying for it).

Will bitcoin ever get to the point where I can trust my grandma with her pension?
11  Bitcoin / Project Development / [ANN] CryptoAPI.net - The Cryptocurrency API Aggregator on: March 04, 2014, 05:35:42 PM
Announcing CryptoAPI.net a simple and fast API aggregator for altcoins.  We track select altcoin markets and maintain up-to-the-minute average exchange rates available via our own API.

Supported currencies:
DRK - drk.cryptoapi.net
GRC - grc.cryptoapi.net
LTC - ltc.cryptoapi.net
SMC - smc.cryptoapi.net
UNO - uno.cryptoapi.net

Next up... charting and historical search.

http://cryptoapi.net/

12  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 28, 2014, 10:04:59 PM
Still no funds released.

Good luck with your btc on this exchange. It'll happen again soon.


What are they telling you?

Why don't you outline your problem here and their responses? 

If you have a legitimate problem that they aren't addressing, other users would probably be interested and likely support you.
13  Bitcoin / Bitcoin Discussion / Re: Nobody has the authority to regulate Bitcoin on: February 28, 2014, 06:55:05 AM
They might not be able to regulate bitcoin but they will definitely try to find a way to regulate their citizens using it.
14  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 10:18:31 PM
00ph8al: "blah blah I support theft"

See.. now you done broke a gasket getting too agitated.

That makes no sense.
15  Economy / Trading Discussion / How Should an Exchange Respond? on: February 27, 2014, 08:39:41 PM
How should an exchange legitimately and fairly respond after a hacking incident resulting in theft of funds or unauthorized trades?

All we seem to see are examples of what not to do.  I am really interested in a discussion of how things should be done.  There should be an industry standard expected response.  It should be as simple as halt trading and transfers, investigate, roll back to before, restore and resume.  Watching bitcoin and other cryptos through several major incidents this last year and this is definitely not the case.

Can we compare crypto exchanges to forex and stock exchanges or should we expect them to respond differently?

What can we do to insulate crypto exchanges from each other to prevent one from tanking any specific crypto-currency on the broad market?
16  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 08:33:09 PM
Quote
We probably wouldn't take the time to respond except to refute the scam allegations.  ;-)

Obviously they are legit if they refunded your .00002 btc while anyone with real money is still frozen with no ETA.

I have a good feeling about dis exchange guyz!


Yes, nobody else's money is real but your's kid.  

Acting like a child certainly should get you moved to the top of the list in my book.

Maybe you're just the last one being served because you're being a pain. 

Just saying...
17  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 08:01:54 PM
I had 0.036 BTC at C-Cex and it was refunded.


So the pattern seems to be that regardless of when the ticket was filed, since I believe I was one of the first to file a ticket and also to post on the troll box about the withdrawal issue (which initially other posters disputed, incorrectly), the money is being returned if you have small amounts.  

If so, that is not a reasonable approach.   Proportionate reimbursement would make more sense, rather than leaving some people 100% on hold and some 100% cleared, why not portion it out.   Or even just return up to a cap amount - say .036 BTC - to everyone and then disburse more later as funds become available.  

Right now, it just leaves the 102 of us with no reimbursement in the dark (ironically).    You end up with 500 happier customers with small amounts of BTC and make the customers with larger balances very frustrated.


Please be patient. Trades are beginning to pick back up, volume is increasing which means we will be able to return more funds and faster. We have also added PremineCoin and RubyCoin and are working to add others so that we can bring in more new trades and increase volume as well.

We can all speculate on what the best course of action would be and there are many different options that could be taken, but we feel that this has been pretty effective to this point and we believe this is the best route to go for the moment.

We are sorry for the inconvenience and feel that we are doing the best we can with a very shitty situation.

We appreciate your understanding and patience.

As I said on the troll box, I can be patient, and I understand you were handed an ugly mess to deal with.    I want to have faith that you will reimburse my BTC in due time, but the fact that BTC is going out and I have not seen a single satoshi shakes my faith in the equitable dealing with the problems.   Frankly, the people who have received their DRK or BTC telling the rest of us to be patient since they are 100% resolved while we are 0% resolved is a much bigger irritant than help.


We probably wouldn't take the time to respond except to refute the scam allegations.  ;-)





18  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 07:00:21 PM
Quote
File a ticket and get in line like the rest of us.

I filed the first ticket on it.

Why are you saying they aren't trying to work with you?

Is the ticket still in progress?
19  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 06:33:18 PM
They are still holding any significant bitcoin deposits.

Quote
they're trying to work with you

0 BTC refunded so far.  Citation needed.

I know you reading the c-cex trollbox and this thread.  They are responding to both.

File a ticket and get in line like the rest of us.
20  Economy / Scam Accusations / Re: C-Cex Has Frozen Your BTC! Not to be Trusted on: February 27, 2014, 05:57:36 PM
Prove it.  There are 3 people currently in chat right now with zero refund

I don't have to prove anything kid. It's obvious to those actually involved. A large portion of people have had their balances restored. Mine included.

Be patient or not.  Be part of the problem or part of the solution.   

Blasting scam when they're trying to work with you can be only one of those.
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