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FWIW P2SH addresses, such as 3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V, don't seem to work.
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Hey, I thought we're all about financial privacy?
The pseudo-anonymous nature of Bitcoin, with every transaction broadcast on a public blockchain, makes concealing small transactions easier than larger ones. Arguably this leads to financial privacy for smaller players, but transparency for larger players. Currently the system of bank accounts, with mandatory tax reporting, yet offshore accounts, works the opposite way. Besides, Romney is running to be president. tl;dr: It's possible to be for financial privacy for small, personal, amounts of money, and transparency for larger, corporate, amounts. |
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No actually, I would argue that your way is still worse. Those transactions embed the message into the amount, which means that when the recipient of those funds eventually spends the free money the transactions can be pruned. |
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#11) So you were home-schooled?
If you call your parents neglecting your education amd restricting you from educational activities because "God" as being homeschooled, then yes. I would better equate it to jail. Gah, that sucks. I was homeschooled myself, although at the other end of the spectrum: hippie parents who didn't do much more than give me a math textbook to work through. One of the best things they ever did for me. |
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#11) So you were home-schooled?
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I'll take the remaining 5BTC and change; sure you wanna get out of here.
Total bet of 30BTC
3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V
Declined. Thank you so much for the gesture but the following individual had posted on IRC and I agreed just moments before. Sorry! 5
1Ht7dWv3Hyp6NZaYM7arbis2rCDpBBhwET
Accepted (previously discussed on IRC) No worries, get outta here! |
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I'll take the remaining 5BTC and change; sure you wanna get out of here.
Total bet of 30BTC
3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V
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25BTC
3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V
Get you a little closer to leaving.
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Just to make things clear, by "first-class" you mean the way to access this functionality is from an always-visible button on the every screen?
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Monday has passed and still no word, not a single peep from PIrate. The last thing he said in the chatroom was "Now back to your regularly scheduled trolling". I wonder if he's fled to cancun or something. Someone posted a link (perhaps as a joke) of an address to a live feed of a plane that was going to South America. Who knows. Either way, I feel I haven't been fair enough to those who are wishing to use this bet as a hedge to their potential losses in Pirate and I'm raising 2 numbers: - amount of maximum bet - You may now bet up to 250BTC per person
- amount of posts required - You must now be a 250+ post established member or find someone to escrow the coins for you
Cheers Crazy bastard. Well tell you what, my bet, with payout address 3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V, happens to be the firstbits 3c. So if you win, I'm just gonna give you the associated private keys. This is a deal you're not going to get again! (er, until they make another address type...) (offer contingent on me not having done something really dumb and used a key in the p2sh script that I can't give away, but I'm pretty sure I didn't do that) |
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5BTC
3CK4fEwbMP7heJarmU4eqA3sMbVJyEnU3V
Bitcoin is a great way to transfer value, but this investment stuff is getting out of hand.
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watching... (because the new-fangled "watch" button doesn't seem to work)
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There could literally be 1,000,000+ coins freed up next week because of this.
PS&T has less than 400,000 (based on interest payments). And no, the coins will not be freed. The coins, or what he had left, were sold seconds after the announcement, and will have to be bought back before he can release them. This, along with the announcement, triggered a landslide. Or you may call it a bubble burst. Which is fortunate for Pirate, bacause he can now buy back the coins at half price, and have a chance to pay back what he owes. If he makes it, he will profit thousands of BTC in bets against his own default. Very clever, and not what anyone expected. Some of the coins may be sold again when released by Pirate, but not that much I think. Pirate may hope for it, and pay out at a slow pace to get cheap coins from old customers selling in panic. Hey, credit where credit is due: https://bitcointalk.org/index.php?topic=94516.0  Granted, I didn't realize that just crashing the market might be enough to pull it off. Depends on how much has been transferred into the fund and when those transfers were, but maybe even just doubling his money could make a big difference. After all, it takes 10 weeks of compounding at 7% to double. Or he's actually figured out how to get those returns... |
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Gold?
Gold is only living on borrowed time. Once somebody mine an asteroid full of gold, it's all over for the goldbug. However, for the rest of us, it means we can use gold in area where we are previously afraid to use gold. This mean gold will get incorporated into our bodies, electronics, etc in a higher percentage.
A fun statistic is that if you could somehow mine the gold that sunk to the earth's molten core as the world formed, you could cover the entire surface of the planet with about a foot and a half of pure gold. Also while gold seems to be currently uneconomical to directly synthesize, there are other precious metals like palladium, rhodium and ruthenium that may be worthwhile to extract as part of the nuclear waste reprocessing process. In addition, by the time you extract those three, extracting silver may be worthwhile too. If you decided to base the whole economy on gold-backed currency I'm sure prices would skyrocket to the point where people starting firing up gold synthesis plants. Basically "all" you have to do is buy a bunch of mercury, separate out isotope 196Hg, leave it in a nuclear reactor for awhile, and remove everything created but the gold. Sure it sounds crazy, but at 100x current prices it might not be. Personally I explain Bitcoin to people by first talking about fiat currencies, how they're basically just big accounting systems where governments decide how many coins to create, and then say that Bitcoin is just another form of fiat but where the accounting is guaranteed by participants voting on what transactions are valid and how many coins to create, with one vote per unit of CPU power. You're submitting the the fiat of the democratic vote of everything participating, in a very direct manner. I then go on to explain that participants in the voting get free Bitcoins, but only if they vote the same way as 51% of every other participant. With that you can make an analogy to the notoriously stable US election system, where third parties are unthinkable... Edit: http://en.wikipedia.org/wiki/Synthesis_of_precious_metals |
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go here:
bitcoinmonitor.com
Do you see those dubious tx that draw those funny tails all over the graph, one after another? Also look up into the sky: Can you spot those 5200.xx BTC tx acurring all the time?
Those are nothing but bitcoin launder tx sending bitcoins back and forth in between hundreds (if not thousands) of alibi addresses, to make tracing impossible.
And before anyone gets any ideas... that technique by itself is completely useless. Unless you have different coins from unrelated sources, no amount of shuffling bits around is going to do you any good. It's like trying to follow someone carrying a package on a huge expanse of sandy desert. They can wander back and forth over their track as much as they want, but all someone else has to do is look at the edges of your tracks, notice that no-one else has joined, and be confident that the tracks exiting the mess were the same as the tracks entering it. What blockchain.info's "mixing" service does is sends in a helicopter to grab the package from the first guy wandering the desert, flies a couple kilometers, and then gives it to someone totally different to continue the journey. The more likely answer as to what's going on is actually really simple: some shared wallet service has a fixed limit of 5200BTC that it's willing to store in a single address, yet at the same time is designed to bring all the coins it has into a single address. The repeated transactions are just a known side-effect of the way Bitcoin is implemented; you can't spend part of a transaction. That means if you have an input transaction of 5200BTC to an address, to spend even 1BTC of that requires a transaction spending the whole thing. Bitcoin monitor's website just doesn't know if the 5199BTC or 1BTC is the change. Said transaction pattern corresponds to what sites like bitlaundry do, ensuring that every coin going into the service is mixed together, so that any coin leaving the service could have come from any input. Going back to my tracks example it's like a hundred package couriers entering the desert, huddling together and shuffling the packages between each other, than leaving again. Anyone trying to follow tracks would never be able to figure out which package came into the whole mess from what courier. |
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Feature request: It'd be nice if there was a way to set specify what network fees anonymous transactions are sent with. Fee priority is going to be in the mainline client soon, and the current system with <0.0005BTC fees sometimes takes an inordinately long amount of time to get into a block. Usually I send my own transfers with fees of more like 0.01; $0.15USD isn't a big deal if you're transferring $150USD...
Also: Stefan, great work!
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You know, if people are hearing hoofbeats out in rural Nebraska, and loudly claim that they hear a zebra, chances are the courts aren't going to think badly of the guys saying it's almost certainly a horse even if it turns out a local zoo is an animal short...
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Interesting post on Slashdot today: it's about time I clear my conscience...
The system keeps track of what funding sources you've been "in contact" with, kinda like Bitcoin's idea of "taint"
The implementation is quite clever, involving some modular arithmetic and the 24-byte "Transaction Authentication Code" detailed in the Mintchip Messages [mintchipchallenge.com] documentation. Or I should say, revealed... of course they're not telling you what the TAC does because they don't want to admit it's true purpose. It's also not just the TAC, all those supposedly random nonces generated by the hardware aren't going to be as random as you'd think. Basically you can use them as an additional way of stenographically hiding data between transactions that goes way beyond what they document.
I can't reveal too many details on how it works as they'd probably figure out who I am, but essentially that's enough bits to encode a probabalistic record of every Sender ID that has transfered funds that ended up in your balance. Then when you resend your balance, you "infect" subsequent Mintchip balances with that record.
I'll give an toy example to prove the point: lets suppose you assigned prime number to every user of the system. If the TAC were simply multiplied by each prime from every payer, you could then factor the resulting large product of primes to determine who the payers were. The actual implementation is more involved, and probabalistic, but you get the idea. Sure it essentially becomes a brute forcing problem, but when you have a rough idea of who might be paying who, brute forcing is a lot easier than you'd think. Canada's population is only a bit over 30 million...
Don't trust closed hardware or software. You have been warned. This may look like a anonymous Bitcoin competitor, but the mint isn't stupid, and they're not going to give back any of the anonymity cash provided that the government wants so badly to get rid of.
- http://news.slashdot.org/comments.pl?sid=3051283&cid=41008501Also reddit discussion here: http://www.reddit.com/r/canada/comments/ybn40/mintchip_is_designed_to_track_you_anonymous/Sounds like the crypto is plausible, although who knows if the guy is legit. Nothing we didn't already suspect of course, but it's a clear way it could be done. |
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okay... you do know that people don't care, right?
(sorry for being rude)
Ha, I do now. Nah, no offense taken; it's an esoteric attack. Still, might as well get the idea out in people's heads and let it percolate. As I say, some tla will be thinking about this eventually if not now. I wasn't exactly expecting the same amount of response as to, say, p2sh... |
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I might be wrong, but to me a bucket shop is a place where you can do (margin) trading, but which has no link to a real market (ie they are only betting against their customers)
Sure some trading platforms are allowing to go in debt, but there is always a limit to it. And if the line is crossed, your positions will be liquidated.
So the only difference is the amount of debt allowed (in the case of bitcoinica it was zero).
btw, bitcoinica was issuing margin calls.
Interesting, sounds like they cleaned up their act. I remember looking a it around February or so, and I remember seeing no way to get fiat in or out of the system, as well as everyone's suspicions that trade volume on mtgox just didn't account for bitcoinicas volume, even with combining orders. Funny thing is, after seeing that they supported google auth codes, security was the one thing about them that didn't bother me... |
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