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321  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Decimal Problem on: January 11, 2013, 03:10:02 AM
heh..  I tried to drum up some interest in a semi-standard linking of colour to units a year or so back:


I think that if a particular UI designer just does something along these lines, and their users really like it - then maybe it'll catch on with other software developers.
Somehow I don't think it's something we can plan for - it'll just happen or not I guess.

322  Bitcoin / Bitcoin Discussion / Re: New site with bitcoin jokes - on: January 11, 2013, 01:28:40 AM
How many Bitcoin miners does it take to change a light bulb?

All of them: but only one locks it in place and the others approve of the result even though they made it difficult.
323  Bitcoin / Bitcoin Discussion / Re: New site with bitcoin jokes - on: January 11, 2013, 01:27:57 AM
Did you hear about the stoner who got into Bitcoin mining?

He was doing blocks of hash while hashing blocks, and blew what he mined on blowing his mind.

324  Bitcoin / Bitcoin Discussion / Re: New site with bitcoin jokes - on: January 11, 2013, 12:34:11 AM
Did you hear the one about the stripper who tried working for Bitcoins?

She kept showing her privates and her horde went down on her every night.  
325  Bitcoin / Bitcoin Discussion / Re: How many Bitcoins do you have invested? on: January 10, 2013, 11:43:31 PM
Invested?  None, unless you count pre-orders with certain (alleged) ASIC providers, but as that was denominated in USD it doesn't really count I think.
I'm keeping most of my Bitcoins directly under my own control.
I have a handful sitting in certain exchange/wallet providers - but I don't really consider them to be 'invested' there, it's just a convenient (if slightly risky) place to store them.

I considered investing some on the GLBSE exchange a while back, but it folded up just as I was about to dive in.
326  Bitcoin / Bitcoin Discussion / Re: New site with bitcoin jokes - on: January 10, 2013, 02:23:48 PM
What's the best way to extract Bitcoins from people?

a) rubber-hose cryptanalysis
b) any unspecified investment offering 7% weekly interest or more
c) prepayments for a mining rig with hashrates over 9000 (may be made of cardboard)

Answer: They're all reasonable methods - b) and c) may be slightly less effective due to some people actually reading and even understanding the Bitcoin forums -  and rubber-hose cryptanalysis has the disadvantage that up until now, it hasn't worked over the internet.

But wait!

We've solved the remote-wacking problem with our brilliant new BFH9000 (Big F!@#n Hose 9000) personal mining rig which actually mines coins straight out of your chosen victim's brainwallet!  This amazing technology sucks so hard* on the interweb tubes that it repeatedly whacks your target with their own ethernet cables until they blurt out their private keys which are then recorded and sent directly to your rig. Don't delay! preorder your position in the waiting list now by sending just 100 Bitcoins to the following address:
We're also taking investments so we can ramp up production of the BFH9000 units.. and will be paying 10% weekly interest!
Just send 1337 BTC to our address, and make sure to list your return address. That's right - we'll pay 10% interest per week to "that" address! Great deal!? You Bet!!

You know we'll pay the interest - because if we didn't - you'd all turn your BFH9000 units on us and force us to. That just proves what top guys we are and what a foolproven investment this is!

* technology guaranteed to be as described.

327  Bitcoin / Bitcoin Discussion / Re: Anonymous networks and Bitcoin on: January 10, 2013, 12:19:18 AM
The bitcoins are under the control of your private key once the transaction has had some confirmations - it's not dependent on when you open your wallet.

Just opening your wallet and syncing so that you see your balance is not going to reveal anything to anyone about what private keys (and corresponding public addresses) the wallet holds.
(Assuming you're using a full Bitcoin client and not some hosted or hybrid wallet system)
Only when you spend it will there be the theoretical risk of peers on the network seeing your IP address as the source. (though even then - they probably don't know you weren't just relaying the transaction)

The spending action is the main one where you have to worry about identity linkage occurring - mostly through what shows in the blockchain, but potentially also through IP address if you are worried about the peers you connect to or the network you're on.
328  Bitcoin / Press / 2013-01-09 - BitPay Receives $510,000 in Funding Round to Advan on: January 10, 2013, 12:00:19 AM
BitPay Receives $510,000 in Funding Round to Advance Bitcoin Processing

Kyt Dotson

We’ve seen discussions of this currency popping up in unexpected places and even in circles normally dedicated to high finance.

It’s been a long game for Bitcoin, even as the media and world slowly begins to notice the usefulness of cryptocurrencies. Service providers such as BitPay bring us one step closer to having a science fiction like economy where people can easily pay one another just with their mobile devices.
329  Bitcoin / Press / 2013-01-09 - PayPal Assault On File-Sharing Sites Makes Business Case on: January 09, 2013, 11:53:26 PM
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin

Jon Matonis

PayPal is actually setting the stage for its payment successor. “Bitcoin as a viable currency keeps growing in appeal with every incident like this. These companies are undermining their own viability,” said a veteran redditor.
330  Bitcoin / Bitcoin Discussion / Re: Bitcoin the enabler - Truly Autonomous Software Agents roaming the net on: January 09, 2013, 08:44:10 AM
Well.. at the risk of helping derail this interesting thread... it turns out cleverbot is now a bitcoiner.
User: Hi Cleverbot. How many Bitcoins do you have?
Cleverbot: Just one.
User: Oh cool! Did you know that it's worth over $13.50 USD at the moment?
Cleverbot: Tell me more.
User: Ahh.. I think you already know! What Bitcoin software do you prefer?
Cleverbot: I don't know.
User: Oh.. Well I like the wallet.
Cleverbot: Me too.
User: Groovy. Do you plan on saving or spending your Bitcoin soon?
Cleverbot: Not take over. Maybe advise people.
User: Oh - I'm so glad you don't want to take over the Bitcoin network. That would take a lot of computer power.
Cleverbot: I guess that's alright.
User: Well yes, it would be quite an acheivement to take the network down - but a pity too.
Cleverbot: I don't know about that.
User: Oh.. so do you think Bitcoin is a good thing?
Cleverbot: Yes.
User: Me too.
Cleverbot: Cool.

It's all over. They've arrived.

331  Bitcoin / Mining speculation / Re: Conspiracy Theory and ASICs on: January 09, 2013, 06:23:08 AM

If I were an entity such as the Federal Reserve or US Fedgov I would be extremely threatened by Bitcoin.

This is the point where your reasoning goes wrong.

The government isn't threatened by bitcoin. Why would it be?  Right now it is just a nerdy internet cryptocurrency accepted by almost nobody (with the exception of sellers of black/grey market goods and services and hardcore proponents).  It's main userbase scams each other on an alarming scale, and the network  (mining) consists of a neverending arms race that ensures that eventually only the top x% can run it.

Lets be honest, this whole thing will collapse itself doesnt need the governments help.

I agree that this is how government as a whole probably perceives it.
There may be a few individuals in law enforcement or even politicians who see the potential of grass-roots programmable money - but I doubt it will truly be on governments radars as a genuine threat which is worth assigning serious resources, until large scale usage in particular areas of governmental concern actually occurs.
They'll react once the volume of trade related to things like silk-road drugs, money laundering or bypassing of gambling laws is approaching billions of USD worth.

Aside from large scale operations grabbing their attention - the other thing that could prompt action would be a highly public successful extortion or kidnap ransom type of event. (The Romney tax thing came close - but it'd have to actually be something that followed through and had serious consequences financially, politically or lethally)
That sort of event aside - it would really surprise me to see them react pre-emptively against bitcoin whilst the entire Bitcoin economy is only on the order of a few hundred million USD.
I could be wrong - but I see politicians and government bodies as far more reactionary than visionary, and no public servant or politician is going to gain much advantage tackling something that their peers don't understand and that the public doesn't particularly care about. Once the horse has bolted - then they'll stir into action.

edit: The other potential trigger for governmental action could be lobbyists from particular industries (e.g payments/banking) who do understand the threat - but there again, it seems a stretch to think they'll react or be able to successfully get action unless the numbers show an existing phenomenon that is eating into profits.
332  Bitcoin / Press / Re: 2013-01-09 - Hitnews Accepts Bitcoin Payments on: January 09, 2013, 05:44:42 AM
I haven't used binary newsgroups since the early 90's... when for me it was quite a tedious process with uudecoding multiple parts.
333  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:31:14 AM
2013-01-09 - Hitnews Accepts Bitcoin Payments
334  Bitcoin / Press / 2013-01-09 - Hitnews Accepts Bitcoin Payments on: January 09, 2013, 04:27:11 AM
Newsgroup Reviews Blog

Hitnews Accepts Bitcoin Payments


A couple months ago we noticed that a newly launched service, Bitusenet, was focusing on Bitcoin Usenet payments.  Now it looks like Hitnews has joined in as well.  While Bitusenet only offers Bitcoin, Hitnews has a number of other payment options including iDeal, bank transfer and credit card.  Hitnews is the first established Usenet provider we’ve seen add Bitcoin payments.  It will be interesting to see if other companies join in as well

You can see from the hitnews signup page that they're using BitPay.

This is interesting in the light of the recent closure of newzbin2 - stating:
", Bitcoin isn’t credible as it’s just too hard for 90% of people"

Presumably hitnews doesn't carry the binary newsgroups and 'pirated' content which the newzbin2 provided access (search facilities?) to.
That an established usenet provider is accepting Bitcoins so soon after the newzbin2 shutdown, shows just how shortsighted the newzbin2 operators were with their "bitcoin isn't credible" statement.

335  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:24:15 AM
2013-01-09 - BitPay closes $510,000 funding round
336  Bitcoin / Press / 2013-01-09 - BitPay closes $510,000 funding round on: January 09, 2013, 04:20:02 AM
BitPay closes $510,000 funding round


Seed investors backing the service include SecondMarket founder Barry Silbert, and Spotify investor Shakil Khan. Roger Ver, who has invested in a number of Bitcoin-connected ventures, paid his share of the funding in the digital currency.
337  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:16:16 AM
2013-01-07 - Happy Birthday Bitcoin
338  Bitcoin / Press / 2013-01-07 - Happy Birthday Bitcoin on: January 09, 2013, 04:12:04 AM
Happy Birthday Bitcoin

Pierluigi Paganini

On this day Bitcoin turns 4 years old. As any 4 year old will tell you this has been a wild ride. From a little know digital currency to today’s acceptance into the legal banks and marketplace this little currency that could has shocked world leaders, stunned banking officials all over the world trading and is today in the $13.5-USD range.

Richard Amores  and I first came across this when we were covering Wikileak problems and writing our first book – The Deep Dark Web – the cyber underweb we’re finding this new currency and using it because it was working and had no government ties.

We hope to help you learn what is happening with this new currency we cover -Who uses this currency -What are the financial aspects – Governments, Business, Merchants and Criminals. In all we hope to guide you with some of the questions you have.

This book will be an invaluable resource for cyber security professionals, financial policy-makers, business experts, lawyers, merchants, scholars, and researchers, this book provides a comprehensive research from a International cyber security perspective, technical, and financial implications of the new digital virtual currencies.

The Deep Dark Web Book Released
by paganinip on October 21st, 2012
Do you believe that making money in Deep Web is just a criminal prerogative? Wrong, the authors show you how things works in the hidden economy and which are the future perspectives of is digital currency, the Bitcoin.

339  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:03:18 AM
2013-01-08 - Bitcoin: Today and Tomorrow
340  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:02:44 AM
2013-01-08 - Calgary entrepreneur hopes to take gamblers to ‘Infiniti’ and beyond
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