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2221  Bitcoin / Bitcoin Discussion / Re: A Tribute to Len "rabbi" Sassama on: August 03, 2011, 12:17:37 PM
Well, he was from Belgium. Isn't MyBitcoin american? I think you are pushing it a little too far Tongue

Who says it's American?
Anyway..  listen to Len here: http://www.youtube.com/watch?v=AqZNebWoqnc
He sounds American to me.

Also..

Tom Williams  -  3 chars, 8 chars
Len Sassaman - 3 chars, 8 chars

Coincidence?   

2222  Bitcoin / Bitcoin Discussion / Re: A Tribute to Len "rabbi" Sassama on: August 03, 2011, 11:06:15 AM
ok.. I'm sure I'm not the only one wondering this...

Given Len Sassaman was apparently right into things like tor and various privacy enhancing technologies
e.g - being on the committee of "Financial Cryptography and Data Security '09"

and given that mybitcoin seems to have been using some sort of tor system and was setup in a highly privacy oriented way...


Was Len Sassaman  actually Tom Williams of mybitcoin?


Anyone got any tidbits of information which could rule out this little piece of speculation?

2223  Bitcoin / Bitcoin Discussion / Re: Freedom and Responsibility - or: why you FAILED if you lost money in MBC crash on: August 03, 2011, 07:52:24 AM
Good on you Bruce.
It's a tough way to learn a lesson.

Tempered by experience - you're well placed to track the fast-paced bitcoin world, asking the tough questions while sharing the excitement of new developments.

I've always enjoyed your optimism and infectious enthusiasm..  Don't lose that!
2224  Bitcoin / Bitcoin Discussion / Re: Freedom and Responsibility - or: why you FAILED if you lost money in MBC crash on: August 03, 2011, 06:55:34 AM
Hmm..  lets recap

1.   Mtgox gets hacked.   Funds stolen,  hashed password list published to internet
2.   Allinvain's computer gets hacked.  25,000 BTC stolen
3.   Coinpal gets paypal accounts frozen
4.   bitcoin4cash.com complains of postal strikes ... does not honor locked in trades
5.   TradeHill drops Dwolla
6.   Mybitcoin.com disappears
7.   Virus appears in wild that steals wallets

Could be that bitcoin in general needs a better track record.   Just something to think about.

How could you miss this one?
5.5  bitomat (Poland) - worlds 3rd largest bitcoin exchange 'loses' entire BTC holdings (estimate 17000 coins?)
2225  Economy / Speculation / Re: Newbie Trading Basics 101 on: August 03, 2011, 04:56:35 AM
I'll finish reading right after I put up a 15k BTC ask wall at $12.

That's awfully bullish of you.  My 15k BTC ask wall is going at $11.80.

If the price hits 11.80 will all those coins you have a buy order for drive the price significantly? Whats the purpose of a "wall"?

Wait.. so is an 'ask wall' a sell order to stop bids.. or is it a buy order to block the asks?
My first interpretation was it's a sell order Tongue

2226  Bitcoin / Bitcoin Discussion / Re: The mybitcoin.com taught us a lesson on: August 03, 2011, 03:13:05 AM
Just a thought. Someone's site getting compromised means the hacker can also likely force the backup system to overwrite the backed p wallet with a blank/corrupt one. Would it be better to have the site operator "backup" an encrypted wallet to a specified directory, and the external backup service to the grabbing of the file off that server themselves? Keeping it one-way from the backup side will prevent any hacker access to the backups if the whole system is compromised.

This is why many backup systems operate as a series of snapshots in a way that earlier snapshots aren't able to be overwritten.
(e.g pulled from the backup-store side rather than pushed)
It's not always immediately apparent that a problem occurred on a live system, so earlier backups may be required to reconstruct things.

2227  Economy / Speculation / Re: Expect the price to go lower on: August 03, 2011, 02:38:16 AM
You've already missed the bottom. It's only going up from here! Now's the time to buy

For once I actually agree with you. Cheesy

The market depth on the bid side still seems so weak.
I guess I'm still confident of some rises over the medium term once interest picks up in places like China and Korea.. but I've no idea what is a likely low point in the mean time.  $5 sounds just as plausible as $11 to me. 
2228  Economy / Speculation / Re: Bitcoin price increases are just getting started on: August 03, 2011, 02:32:33 AM
Did everyone hop aboard the crazy train before it departed?!!?

I made an extra 0.1 BTC out of the whole craziness.  Ok.. so in USD terms I'm down - but I'm just after any little increase I can get in my share of the BTC pie.
Hey.. it's a trivial amount - but for me it was faster (though more stressful!) than mining that 0.1 Tongue

I don't have the stomach for profiting on day trading I think. On the few occasions I feel confident enough in my predictions of a fall and get out of a few BTC .. I panic and get back in too soon.

2229  Bitcoin / Bitcoin Discussion / Re: mybitcoin down or just me? on: August 03, 2011, 01:52:45 AM
EDIT:

Mybitcoin.com DO NOT have a MX-record, so the "abuse@mybitcoin.com"-email is bogus.
Quote
jine@srv:~$ host -tANY mybitcoin.com
mybitcoin.com has SOA record ns1.systemdns.com. hostmaster.systemdns.com. 8675317 10800 3600 1209600 3600
mybitcoin.com has address 83.149.112.133
mybitcoin.com name server ns3.systemdns.com.
mybitcoin.com name server ns2.systemdns.com.
mybitcoin.com name server ns1.systemdns.com.

jine@srv:~$ host -tMX mybitcoin.com
mybitcoin.com has no MX record

I would suggest contacting http://domainhelp.opensrs.net/ as well, and explain the situation.

That is incorrect. An MX record is not necessary to receive mail. When an MX record is not present, the A record is used. The only reason to set up an MX record, other than complying with simple standards of protocol politeness, is when setting up multiple servers with priorities.

The server isn't listening on port 25 - so the statement the 'email is bogus' isn't quite warranted - but it is certainly invalid/inactive at the moment.
Nobody can send email to any address under the mybitcoin.com domain.





2230  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 02, 2011, 12:07:51 PM
This piece is by some idiot who thinks entries in the mtgox database constitute 'counterfeit' bitcoins.


Virtual Currency - The Dark Side
Brendan Burge
http://www.atmmarketplace.com/blog/6030/Virtual-Currency-The-Dark-Side


Quote
One of the most compelling reasons for supporting virtual currency is that it would appear to be impossible to counterfeit. Alas, this is not the case. In a recent news story it was revealed that BitCoin had indeed been "counterfeited," and the resulting drop in the value of the currency was extreme and immediate.


2231  Bitcoin / Bitcoin Discussion / Re: Bitcoin is NOT WHAT YOU THINK! on: August 02, 2011, 10:07:24 AM

tl;dr summary


Quote

"bitcoins are THE ANTITHESIS of the modern banking system"

NEW WORLD ORDER

herp
derp.

KNIGHTS TEMPLAR

herp
derp


2232  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 02, 2011, 09:10:01 AM

Quote

I find it interesting that they post the actual bitcoin donation addresses directly in this article. Is it normal for a mainstream media outlet to publish instructions on how to donate to someone who's been arrested.. or is it that the journalist wanted to emphasize the bitcoin association?
I can't imagine them publishing the bank account details of where to donate to someone's legal fund..   Would they normally even publish a donation URL?




2233  Bitcoin / Bitcoin Discussion / Re: mybitcoin down or just me? on: August 02, 2011, 08:31:14 AM
I think the site got hit big time after the Mt. gox hack and the guy quit after that.

Probably the most likely explanation. MyBitcoin may have reacted too slowly after the MtGox hack, and a number of their wallets were subsequently hacked with the usernames / passwords from the MtGox user list. They knew they couldn't refund those wallets, so they decided to just make a run.

Makes perfect sense to me.

While any decent business should move fast to protect it's customers in such a situation... would mybitcoin technically be liable for this?
Using the same password on multiple sites would often violate the terms of service - and put the fault for any loss squarely on the user.

In such a situation the operator could just refuse to take responsibility. They could also do something like agree to pay half back over time out of future profits if they wanted to try to claw back some good will from those affected.


edit: It doesn't make perfect sense to me.  The operator could have taken a hard-nosed attitude and kept mybitcoins running.
For a catastrophic hack for which mybitcoins is obviously at fault, it would make sense that a certain type of operator might just run.. but not just because a few users had compromised passwords due to a completely external issue.
2234  Bitcoin / Bitcoin Discussion / Re: Important Announcement Regarding the Mybitcoin.com Downtime on: August 02, 2011, 07:30:56 AM
Why would you list your email address as    Webmaster@mybitcoin.com in your profile if you really were the owner of mybitcoin.com - as you would surely know that there is no MX record for this domain - so that email address cannot currently work?

Wrong, default behavior of MTA's is to delivier to the A-record if no MX is found.

I already tested whether port 25 was listening  - it isn't.  So it still can't work.



Yeah because port 25 is totally the only port you could possibly run SMTP on... Just because it's the standard config doesn't mean that's always the way it will be configured.

How would an MTA know about a nonstandard port in this case though?

Quite true, redacted. Of course it could be that the service(s) are no longer running since the whole mess is offline right now anyway.


The point is - the real tom williams would know the email is down - and wouldn't put that address in the profile.

oh.. plus what Magical Tux said.

I don't believe it's him.





2235  Bitcoin / Bitcoin Discussion / Re: Important Announcement Regarding the Mybitcoin.com Downtime on: August 02, 2011, 07:20:01 AM
Why would you list your email address as    Webmaster@mybitcoin.com in your profile if you really were the owner of mybitcoin.com - as you would surely know that there is no MX record for this domain - so that email address cannot currently work?

Wrong, default behavior of MTA's is to delivier to the A-record if no MX is found.

I already tested whether port 25 was listening  - it isn't.  So it still can't work.

2236  Bitcoin / Bitcoin Discussion / Re: Important Announcement Regarding the Mybitcoin.com Downtime on: August 02, 2011, 07:14:00 AM
Why would you list your email address as    Webmaster@mybitcoin.com in your profile if you really were the owner of mybitcoin.com - as you would surely know that there is no MX record for this domain - so that email address cannot currently work?

I call shenanigans.

Who can vouch for this user being who he says he is?

2237  Bitcoin / Bitcoin Discussion / Re: A Tribute to Len "rabbi" Sassama on: August 02, 2011, 05:46:07 AM
That is just awesome.

I'm assuming this just appeared in the past day or 2?
(when I ran strings - it appears the tribute is right at the end of the file)

Where was this announced?



2238  Bitcoin / Bitcoin Discussion / Re: BTCSportsbetting.com Week 1 Report - Now Offering No-Juice Micro-Wagering!! on: August 02, 2011, 04:52:20 AM
Feedback is wonderful and we appreciate it.  If you have any suggestions on how we can make that page better we would be willing to consider making changes.

The other consideration for that page is to show that Bitcoins are created free, which is a huge consideration as to the legality of using them to gamble with in the United States.

ahh... It makes much more sense in that context.
I see now why you don't just point them to the exchanges.

I'd still replace those links with just some plain text that describes it in layman's terms though. Otherwise, for certain people 'block' and 'mining pool' are just exit doors from your site. (even though they do open in a new window - once they've clicked there - it's eyes-glaze-over time.).

Good luck!


2239  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: August 02, 2011, 04:43:19 AM
Bitcoin: A Technical Introduction
Brian Warner, and engineer with Mozilla Labs, gave a brownbag presentation in which he introduced Bitcoin and covered how the Bitcoin protocol functions.

http://vimeo.com/27177893
2240  Bitcoin / Bitcoin Discussion / Re: BTCSportsbetting.com Week 1 Report - Now Offering No-Juice Micro-Wagering!! on: August 02, 2011, 04:27:11 AM
Again Bitcoiners are our target market.  That doesn't mean that we aren't interested in including those not in that group.

We also include the following in our Getting Started page for those who aren't already familiar with Bitcoin.

"There are also various websites with detailed information about Bitcoin available on the internet. Two we suggest reading are https://en.bitcoin.it/wiki/Introduction and http://www.weusecoins.com/getting-started.php."



so you imply you *are* interested in including non-bitcoiners.. and yet you include the geek stuff *before* those links.  Non-bitcoiners won't get that far because they'll think the whole thing doesn't apply to them. Bitcoiners won't really look at that page because they already know what bitcoin is.
So who is that page for?

Sounds like you don't particularly want feedback. It's just a suggestion that the page needs reworking. Take it or leave it.


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