Bitcoin Forum
May 05, 2024, 06:51:36 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 99 »
401  Economy / Lending / Re: Loan? on: July 15, 2014, 08:05:33 AM
Can you tell me more about why its dumb? ;P I don't know , will I kill it ?

It's dumb because the reward your getting is extremely small compared to your cost. First off Nvidia cards make poor miners (even when GPU mining was viable) and the hash rate you'll generate is going to be so small you'll be lucky to make a few cents in a week running your card at full blast the whole time. With that kind of workload you'll probably overheat/brick the card giving you a lot of hassle for at best a few bucks.
402  Other / Beginners & Help / Re: USB stick as cold wallet, one thing... on: July 15, 2014, 07:53:15 AM
I honestly think you're better off with a safety deposit box and some acid free paper.  If someone has unfettered access to that room there are far more valuable things than a bitcoin wallet.

Depends if you that the bank staff not to look through your possessions while your gone. While jewellery cannot go missing from a bank safe deposit without some big questions, if some scrupulous staff member copies down your private key/mnemonic they could move the coins without having to steal the actual paper. And with the paper still where it should be you have no way to prove that it was the banks incompetency.
403  Bitcoin / Bitcoin Discussion / Re: Gov't + Bitcoin Foundation = 25% of all Bitcoins confiscated? on: July 15, 2014, 07:48:08 AM
It's highly unlikely that the devs would get the agreement of the miners and the nodes and in such a case the only way your proposed changes would get across would be that it is not included in the changelogs/publicly announced and hence it makes it in as a disguised patch. This only works provided no one compares the original changes and the source code so in reality it is very unlikely. Not to mention the backlash that would occur if it was discovered. So you can safely assume that it is extremely improbable that the code will be altered by the devs in such a manner that gives control to the government.
404  Economy / Services / Re: klee's hacked 1170 btc, Part II on: July 15, 2014, 07:38:11 AM
Regarding the discussion about mixing services, you guys are forgetting that a mixing service that logs it's users and retains their data so it can be shared is not going to get any business as it defeats the purpose of the mixing service. Even if Bitmixer had records, he has no inclination to share them seeing as he won't gain anything and it will damage his services reputation for maintaining anonymity.
405  Economy / Lending / Re: [REQ] 0.02 BTC loan for 5 days, return 0.026 BTC on: July 14, 2014, 07:24:44 AM
Well looks like he's not coming back to pay back the loan as agreed. Looking at his posting history it seems he wanders in every week or so and takes breaks, so there is a chance he will pay back. That being said I've decided to give him negative rep until the loan issue is resolved. I still cannot see why someone would want to risk their account for $13, but it is what it is.
406  Bitcoin / Bitcoin Discussion / Re: Getting paid in bitcoin on: July 14, 2014, 12:03:10 AM
Does that really work? Can you really fund your account from any bank account, even if it's not your own? That would be fantastic.

You still need to verify the bank account by at least logging in the with  bank credentials (or for later levels you might have to work with deposits). And it only applies to US bank accounts for the time being, so don't think it'll work with any other bank. To fund it from someone else's, you'll need their log in details at the least, and I'm pretty sure the owners will notice the fraud once you make a deposit.
407  Economy / Services / Re: klee's hacked 1170 btc, Part II on: July 13, 2014, 01:09:13 PM
That may be true also, have you ever seen bodybuilded dude with huge gang as a hacker? His phisycal condition is probably really really poor and judging by that ammount of time he wants between these transactions he clearly left some traces in dropbox, someone should make the dropbox developers give us the IP. 

No offense, but I fail to see what his physical abilities have to do with his hacking abilities (if it is even a he). Not trying to be a big downer, but to be brutally honest if you were to go via the criminal justice system your case would probably collapse if you didn't have much more information than his IP to prove that he did it. From what I've read (and learnt), judges don't really believe that an IP equates to a specific person (as piracy cases will show you). How would you even prove he stole it, although unlikely, he could claim that it was transferred by klee to him for some unbeknownst reason? And how would you know you had the right guy, unless you managed to get a warrant for police to raid his equipment?

Or would you just take the more dangerous and possibly convenient route and hire someone to scare him/worse? And even worse, what happens if you get the wrong guy?

408  Bitcoin / Bitcoin Discussion / Re: Expect banks to start becoming more BTC friendly.. on: July 13, 2014, 12:30:23 PM
You just gave away your hand in this post. It's not about banks, there's no fictitious father, this thread is yet another lame attempt to PUMP the price. You're irritated because the people that read this thread thus far, didn't instantly go on a buying spree. Why are you so focused on short term price movement, when it's suppose to be about banks?

This is probably going to be a little off-topic, but I've never understood why people think that any sort of positive correlation with Bitcoin means their trying to pump. If you were a normal person, would you honestly base your trading on the posts of some random guy on the internet who has posted a >20 times? I wouldn't.

Back on topic, if it gets big enough you can bet your bottom dollar that the banks will jump on quickly so as not to lose customers. Given that the non-savvy user is going to need a place to safely store coins and call upon if they need help they'll be happy to pay what they are now for this 'privilege'. To the rest of us, it may mean a day where we are completely independent of banks - although it would be interesting if banks offered insurance on coins they have stored.
409  Economy / Services / Re: klee's hacked 1170 btc, Part II on: July 13, 2014, 12:13:34 PM
Maybe he is mixing these coins again to be sure, before sending them to klee?

I suppose that could be possible, but why wouldn't he just send the coins from the current address their in then mix? Considering that he already received a signed message and to verify signed messages you need a Bitcoin address (and for the address to have any relevance it needs to have enough coins in it), the address is already known to at least klee... Not to mention, sending them in relatively small chunks is going to take a while if at all.
410  Bitcoin / Bitcoin Discussion / Re: Bitcoin is unfair to the non tech-savvy on: July 13, 2014, 12:10:22 PM
Yesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.

That's just really garbage whinging talk. You don't need to bloody well understand the mathematical principle behind Bitcoin - a simple (but really rather complicated) overview is enough. It's probably a bit arrogant of me to say so, but I believe I have a reasonably good grasp of the core ideas behind Bitcoin without having to completely understand the mathematics behind trap-door cryptographic functions and elliptic curve cryptography. Personally, I doubt anyone truly believed we'd ever get this far with Bitcoin, some hoped and dreamed and speculated (more than others) but no one truly expected it.
411  Economy / Lending / Re: [REQ] 0.02 BTC loan for 5 days, return 0.026 BTC on: July 13, 2014, 12:02:43 PM
Well it's time to check in given that it it's the 13th of July. Seeing as I agreed to 5 days overall, there's still one more day for him to repay before we have some issues. Personally, it isn't looking very good considering that he hasn't been online since the 10th, but it would silly for him to lose trust for a measly $12.
412  Economy / Services / Re: klee's hacked 1170 btc, Part II on: July 13, 2014, 11:59:19 AM
I do think that the stuff about having 36 days to return the 462 BTC amount doesn't look very legit (i.e. the hacker gains 1 month to "disappear to another country").

If the hacker wants it over and done with why wouldn't he just give it all over now and be done with it? Smells fishy to me.

From what I can see, so far the hacker hasn't held up on their end with the promise (the only tx to the agreed address is - https://blockchain.info/tx/bfdedc91f7f909ad56733bbcffc75214ad49f96d362ae2fb69fb6b529173686a) which is about 100x less than the overall amount and 50x less than the agreed amount for the first split.
413  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin wallets be trusted? on: July 13, 2014, 11:27:09 AM
i agree -- i just think it's important to make sure you're getting the file that the developer intends. as another poster pointed out, an attack on the developer's site/man-in-the-middle attack could put you at risk if you don't confirm with a PGP signature.

This, I cannot stress how important it is to make sure that you are getting the version that the developer intended and not one that has been placed there with malicious intent thanks to some security hole on the site. The best thing would be to go through every line of code for the open source program and understand what each does, but this requires both a shit ton of time and a knowledge that a majority of people lack.
414  Bitcoin / Bitcoin Discussion / Re: It's simple: Altcoins are Darwin's 'variations' to progress Bitcoin's evolution on: July 12, 2014, 02:12:01 PM
No one running a business or big time mining is going to agree to any change what so ever incase it screws up bitcoin. Bitcoin will never add anything other than more zeros. And if you do not realize the fact that these 2.0 coins are a real threat then you will be left behind while true innovation in the space moves forward at brake neck speed. Even if btc could adapt, it couldn't keep up purely for the reason that you need to reach consensus in a very large userbase.

Seeing that all we're doing is just restating our own viewpoints, I'm not sure whether there is much to say on the matter - I haven't seen a valid argument stating that Bitcoin will not adapt, just absolute statements. Obviously, I haven't made an argument for it either, it's an interpretive idea rather than anything that can be truly known until we reach a point where adaptation occurs.

That being said, there are a select minority who want to use a coin which doesn't have infrastructure to support payments but as I've stated I personally doubt it will gain any traction. Features like extra anonymity are nice, but I don't really care about that if the coin I own can't be used to pay for anything. All it is will be the same thing that Bitcoin was in 2010, a creative plaything/experiment.
415  Other / Meta / Re: Accuracy down to 98% on: July 12, 2014, 02:03:31 PM
Since we're comparing - 100% accuracy*. Huehuehue.

Jokes aside, it's incredible how much work you mods seem to do, the volume of reports is pretty staggering.

Oh and since I'm here, congratulations hilariousandco on the promotion. Looks to me like you've well deserved it.

* (on my measly 52 reports)
416  Bitcoin / Bitcoin Discussion / Re: It's simple: Altcoins are Darwin's 'variations' to progress Bitcoin's evolution on: July 12, 2014, 01:53:30 PM
What? Distributed asset exchanges and anonymity are just marketing and pointless with no value? Not to mention the progress made in making PoS technology potentially saving our planet billions of dollars in energy costs and the environmental benefit associated with that.

I qualified my statement with 'possibly'. I don't have the time nor the interest (at least anymore) to read through pages and pages of altcoin material - of which half is marketing for pumps and dumps. The ideas are nice, but to me their irrelevant until they gain some usage outside of the small niche users these alts have currently. It's like the philosophical view of communism - it's a nice idea, but we aren't going to ever see it truly in practice so it doesn't matter that much to me.

It really can't. You couldn't get all the interested parties in Bitcoin to agree on the color of the sky at night, let alone agree to changes on what constitutes a valid block.


That could be stated for any altcoins that can even get off the ground. If the feature is groundbreaking enough and necessary there will be vocalisations by an increasing mass for changes to the client. That we haven't had any significant modifications is simply indicative that overall only a minute fraction of people actually care about these new 'features'.

]that's a load of crap! Even the bitcoin devs said themselves they can't change the code base or integrate anything into bitcoin. And that suggestions to try, always end up in a flaring argument so nothing is guna get integrated into btc. The higher the price goes the less likely anything is to change.

See response to FreeTrade.
417  Bitcoin / Bitcoin Discussion / Re: Putting a Person on a Block Chain on: July 12, 2014, 01:40:07 PM
I Was thinking it could be a network of computers all connected via Blockchain.

It would be impossible given both the theoretical constraints (how do you define human nature with a set of rules?) and the technological constraints (even if you could the amount of space you would require I'd wager would be beyond what we have today or anywhere in the near future). Not to mention you'd probably create a ridiculously inaccurate portrayal of the human your trying to copy; it just cannot be done.
418  Bitcoin / Bitcoin Discussion / Re: Will we see a 'golden age' of Bitcoin startups in the near future? on: July 12, 2014, 01:34:56 PM
Current framework and environment still favor scam. And scammers still can get away without consequences.

But that's how the system is built. By default its purpose is to provide irreversible transactions behind a layer of anonymity and obscurity. Unless you're planning on changing this, you're not going to change the current environment that enables scams to occur. The best you can do is educate people on how to store their coins properly rather than the current unsafe practices.
419  Bitcoin / Bitcoin Discussion / Re: It's simple: Altcoins are Darwin's 'variations' to progress Bitcoin's evolution on: July 12, 2014, 01:23:27 PM
The thing is, it isn't exactly evolution when Bitcoin can just copy any significant feature that altcoins offer/think of. While animals might descend from one line due to a specific trait, Bitcoin doesn't have to - it just steals the trait if need be.

Namecoin is a "real" alt coin with more than one useful purpose.

This is possibly the only other altcoin that I agree has true innovation rather than just pure marketing/pointless tech with no value. Pity it isn't more widely used.
420  Bitcoin / Bitcoin Discussion / Re: It Takes 14 Million Android Phones to Earn One Bitcoin on: July 12, 2014, 01:14:57 PM
Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

I thought they moved over ages ago when the ASICs started making the difficulty explode and making it pointless to mine using a GPU? Not to mention now, given that there are scrypt ASICs it kind of defeats the purpose of having an altcoin that is 'ASIC resistant' as they were touted.

@OP: Other than it being an interesting piece of trivia, I fail to understand the relevance this has aside from telling us how difficult it is to mine...
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 99 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!