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2) Virtual keyboard option where the password is entered on a scrambled keypad with a mouse - no key-logger virus possible
How can that be hacked? Much simpler than getting a computer and running a geek os.
A virus could use the Remote Frame Buffer protocol (the protocol used in VNC) to capture the pad entry. The virus might be smart enough to at least identify which window to capture - even if it just packages up the info to send to a human to read off the actual numbers that were input. I don't doubt there are other ways too. Hmmmm ok what about a keypad that you hover over that changes letters in a separate window like big [A B C] when you click THAT letter hits? |
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As soon as you enter your password, the contents of the wallet are decrypted so your private keys could be read from RAM.
XLNT point |
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1) Bitcoin client encrypts wallet on startup
2) Virtual keyboard option where the password is entered on a scrambled keypad with a mouse - no key-logger virus possible
How can that be hacked? Much simpler than getting a computer and running a geek os.
Damn that was an actual attempt at being constructive.....
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Is it evil to rent a house?
Is it evil to rent a car?
...
Is it evil to rent a sum of money?
When you take out a loan, you're just renting, and paying rent to a 'landlord' (the owner of the coins).
That rent can be in any form; If no BTC are available, then pay your rent in massages if that's something you and the owner can agree on.
Is it good to rent a house, when most houses are owned by a tiny percentage of people? Even though they were built by a majority of people with minerals that are billions of years old? When you take out a loan, you are just borrowing back from people who did real work that have had their work funnelled to a coke smoking banker who doesn't know how to hammer in a nail. The exploitation can be in any form, if there are no BTC available you might need to pimp your girl to the fat man, something you can agree on. Have you considered thinking outside the ridiculous assumptions that hold your paradim together? PS I can't spell, its outside my paradise |
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SHOULD I GO TO SLEEP? OR WAIT TO BE GOXED AGAIN?
I HAVN'T SLEPT EVER SINCE MY FIRST "GOXED" EXPERIENCE,
I STAYED AWAKE JUST TO FIND OUT I'VE BEEN GOXED, REPEATEDLY ,
ON THE TOP, TO THE BOTTOM, FROM BEHIND, THEN AGAIN, AND AGAIN...
Haha can't sleep without your gox med's  PLEASE, JUST GIVE ME MY GOX BACK, I'LL DO ANYTHING, ANYTHING YOU WANT, I SWEAR, JUST GIVE ME SOME GOX, I'M BEGGING YOU, I'LL EVEN TYPE IN LOWER CASE, see? Say it again, but this time ON YOUR 30 CHARACTER COMPLEX KNEES unworthy one, or there will be NO GOX for you. |
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I think we might see a little swoon in the price, but i'll be pretty suprised if it stays below $10 for longer than an hour, and I bet Atlas 5BTC on the first episode of the BitTalk Podcast (shameless plug  ) that BTC would be priced higher this coming friday than they were this past friday, so far so good! I think many of the goxed will hand their bitcoins in the brave to play chicken with the us dollar. |
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SHOULD I GO TO SLEEP? OR WAIT TO BE GOXED AGAIN?
I HAVN'T SLEPT EVER SINCE MY FIRST "GOXED" EXPERIENCE,
I STAYED AWAKE JUST TO FIND OUT I'VE BEEN GOXED, REPEATEDLY ,
ON THE TOP, TO THE BOTTOM, FROM BEHIND, THEN AGAIN, AND AGAIN...
Haha can't sleep without your gox med's |
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Geez... its ok its just me paying myself out for being drunk and lazy - hehe I replied to my own post. Lol! Have fun with the poll.
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Horrible poll with duplicate answers, appalling spelling and grammar, don't care should be fun.
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Please post réponses hère on any intel / info about reopening times. Venting and calming posts ok too. Strategic thoughts welcome - like is it in Gox interest to allow people to flood new exchanges to discredit their ability to handle better than gox? Yes its time for all that pent up rage to vent out here on this trashy thread for all you geko lunchtime legend bitcoin day trading crazy risk takers.
Personally, I think this is a beta project and something good will come out of it, but for now its a nut ball wild west gunslinging crime infester fortune favours the brace amusement ride.
Get your vote and gossip on!
Goxed - 2 guys and a server can't be wrong says 60,000 hacked users!
PS
Its your fault for having the same password everywhere go whip your selves for a week - worlds longest passwords reset.
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Guess who has all their money in Gold?
Aside from being a pretty and maleable metal, I do not understand why Gold is valued any more highly than Bitcoins aside from the history of trading. Gold is no more 'backed' than Bitcoins, you can't eat either at the end of the day.
Imagine your DR Who from the TV show with a time machine. You can go back anytime you want in 4,000 years but you don't know which year. What do you bring as a currency to trade? |
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It would be great if we had a ranking system for entire topics. Like, if enough people vote a topic to be "trollish" or plain bullshit, you don't even waste your time opening it.
I just love early adopters trying to shut up debate about how they are fleecing new speculators by diverting the debate to the wonders of deflation. You lot just hate it when we talk about it - you just like the guy at the start of the thread who's completely threatened by talking about deflation - not because its not worth talking about, but because it exposes the model of wealth transference from new to you. Where there is money to be made, there will allways be some backseat driver. I hope you learned that in economics, everyone simply cannot gain the same wealth and prosperity. There is no equal gains in economics. And where there are backseat drivers there will be community pointing out what's going on to the passengers, and other people just shrugging their shoulders and wishing they were the backseat drivers. |
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What the hell is a Nebbie? or a Nebie?
Also, how can anyone possibly look at these forums and pretend that deflation is a big secret that we are trying to hide from the masses? You can hardly swing a cat in here without hitting a dozen threads on the subject, including the one and only sticky topic in the Economics forum.
Why are people trying to suppress the point that the system is unfairly designed?  The facts are plastered all over these forums, as are all of the opinions for and against the system as designed. I still don't see how you can continue to claim that there is some sort of suppression going on. You are free to post your opinion that the system is unfair. Other people are equally free to disagree with your view, and to post their rebuttals. Is that what you mean by suppression? Are we suppressing you by posting our disagreements? Yes I can see that. i went straight to the economic forum post and the first one was basically everyone shut up about deflation, this is the final word, anyone who asks you about it - just tell them this is your answer.... I started thinking.... why? I quote the post in my kick off thread. It is mostly because we are sick of having to read a dozen of these threads every day. You don't need to trust me when I say that it has all been said here before (and many times). You can check for yourself. Personally, I would love to hear a novel argument against the design. But that never happens. Instead we get hundreds of people, none of whom ever bother searching or even just clicking on any of the many other topics on the issue, and they always end up posting what amounts to the same three tired arguments over and over again. #1 - Deflation will benefit other people more than it will benefit me. #2 - Inflation causes prosperity, deflation causes ruin. #3 - We will run out of money. By the way, I have no power or authority on these forums. When I saw "we", I mean the people that disagree with the deflation = evilz theory, not the board moderators, but considering the sticky, I suspect there is some overlap. How about this for a novel argument - bitcoins has the seeds of its own destruction - instread of a level playing feild where everyone is encouraged to expand the concept to the real economy the early adopters use their wealth to pump up and hype the idea to speculators, dooming the concept and enriching themselves. Is that plain enough for you? |
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It would be great if we had a ranking system for entire topics. Like, if enough people vote a topic to be "trollish" or plain bullshit, you don't even waste your time opening it.
I just love early adopters trying to shut up debate about how they are fleecing new speculators by diverting the debate to the wonders of deflation. You lot just hate it when we talk about it - you just like the guy at the start of the thread who's completely threatened by talking about deflation - not because its not worth talking about, but because it exposes the model of wealth transference from new to you. |
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Supply demand. Mt Gox Closes - Less coins for many days holding coins, same level of demand. Why hasn't the price shot up? Its because most of the demand is people swapping coins between each other bidding the price up. The vendors are net sellers (unless they are deflationary hoarders) the miners are net sellers so really what we are seeing here is
a transfer of wealth from late speculators to early adopters, who can also influence the market via their HUGE position in bitcoins.
Still like the deflationary logarithmically injected boot strap model?
PS
I love it when people say their money is tied up in Mt Gox, they have BITCOINS mostly they hope to TRADE for money. How many people are hoping to buy goods and services for bitcoins when the exchange opens? You all want to sell high and convert back to USD - think about it! Its become a religion and i'm a heretic - bring on the mindless punishment until there are no 72 bitcoin virgins in speculator heaven.
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... you need vendors first.
Actually it has to be the other way round. In the beginning, bitcoins had no demonstrated value. What vendor would have traded their real products for Satoshi's first mined block? The speculators can see the potential future value of Bitcoin. Through their speculation they propel bitcoin's market price towards its potential future value. Then, when the market value gets big enough, it will attract plenty of vendors. In the meantime, there are lots of people working on interesting products to layer on top of the Bitcoin system to provide vendors with greater usability in the form of website code, pricing tools, arbitration and escrow services, etc. The fact that 25% of the bitcoins are owned by 10 people does not make vendors want to subsidise this otherwise worthless stock. THEY are creating the value, and the coins are only worth what THEY say you can spend them on. No, this is the only way to get it up and running. The rest of you have just give cash to people who generated coins for free, and you'll be left holding the tokens. |
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The deflation causes hoarding and the initial distribution allows intervention like a central bank - they can crash it anytime they like or someone can steal it from them and do a mnt Gox. There's no one using it as a currency - you need vendors first.
This is exactly what we've been screaming about at Bitcoin Venture Capital. Without a thriving economy based upon Bitcoin, Hackesr AND the early adopters CAN and WILL control the market the exact same way GS and a handful of others control the stock market. I tried posting on this forum multiple times to bring attention to our site which matches people running startup that take ONLY BTC as currency with early adopters who are sitting on a bunch of BTC. So far we have haven't had the interest I'd hoped for, and in fact when I even suggested it some early adopters came on the forum and chewed me out -- trying to explain to me that it would be awesome if Bitcoin just acted as some unregulated forex. The better model is to get vendors and customers interested via market research first, target groups of people you know want the service then launch it. This 'service' has the conceptual mantra of a religion with suitable punishments for the heretics, trance like followers and a wary population. |
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Hi,
I have an Economics Degree From Sydney University and also hold a MCSE - I run an IT company.
The reason all the early adopters - read people with a shit load of bit coins, don't want to talk about the fact bitcoins is designed for deflation is because what it really means is this.
1 They mine themselves millions of bitcoins at the start for almost nothing
2 As speculators and Nebbies pile in on the action bitcoin goes up and up
3 The longer they can keep it going the more their bitcoins are worth.
How about you create an inflationary Peer-to-Peer currency and we will see which of the two will be used by more people after 10 years? Would people invest as much as they do now (millions of dollars) in hardware and electricity to protect the network if Bitcoin was an inflationary currency? Aint a choice between the two. |
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Even as an asset it doesn't pretend to be a currency and has intrinsic value.
"intrinsic" value Spelling has no intrinsic value its purely communicative. In english there were up to 15 different spellings of the same thing but people got the idea. We grouped them together in one lot for the sake of religion and law. I can see the value in that. Have Uyo Notcied you cNa slitl raed tihs? Weird - they did a study showing the human brain just needs the letters not the order. the paintings didn't have intrinsic value. If your going Nihilist on me there is no such thing as value. But in the world everyone else lives there is, they just don't know there isn't. value is subjective. you know that. nothing has intrinsic value. People have motivations when initial distributions are skewed for influences other subjects into blurring what intrinsict value is.... you know that.... no matter how you spell it.... You're skipping over thoughts. Speaking clearly is useful - like spelling. d0 yuo jasdfjkhskadfuhy? lol. ikn... um yes? |
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Supply / demand - the main exchange doing 90% of business has frozen a massive chunk of bitcoins for days now. With the supply shock, why hasn't the price exploded? I mean if bitcoins are hot the few left around should be trading gangbusters.
There is no shortage of bitcoins due to the MtGox hack. There actually is a shortage of dollars in the market because those dollars are frozen in MtGox accounts, so prices should rather be expected to drop. So basically what i'm implying is that the people at Mt Gox were selling to each other mostly with a trickle of miners.
The people at MtGox were selling to each other. No way denying that  I think the cash that's poured in has gone to the first holders of bitcoins
Yep. and I think I'd be very careful given there's no boom in the underlying demand.
Whatever you think fits your interests best. Because if there is no demand we are about to see a supply FLOOD when Gox comes online.
That's right, a lot of people will want to withdraw from MtGox, thereby flooding other Exchanges with bitcoins. Withdrawing their dollars will take a little longer. So unless you all start trading with each other, add the miners new coins, where's the new cash coming from?
There's not a lot of new cash coming in at the moment. Prices drop. With a lower price, more people will think it is a good opportunity to buy. They will pour cash into the market. Just my .02 btc Thanks for your views. But there are less bitcoins, they are stuck at the exchange. And as for money, because they were all generated by mining, and most very cheaply, the coins outweight the cash. I mean its not like every coin out there was bought for $20. Its only the fractional traders. Do you see? |
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