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241  Economy / Speculation / Re: A more in-depth BTC/USD analysis... on: February 07, 2013, 01:33:58 AM
On a similiar note I think people who use BitInstant don't really care about the price as much as online traders.  They are going to a store, picking up a phone, ordering a money gram or whatever and get their bitcoins.  Most of them will not say, "I am going to wait an hour to see if prices drop."  No.  They are at a store and they want their bitcoins.

Supposedly, BitInstant is doing $100K+ a day.
242  Economy / Speculation / Re: A more in-depth BTC/USD analysis... on: February 04, 2013, 06:36:55 PM
It is also possible we will be consolidating at these levels...
243  Bitcoin / Press / 2013-02-02 Thomas Edison, Bitcoin, and Intrinsic Value on: February 03, 2013, 01:28:07 AM
Discuss.

http://www.bitcoinblogger.com/2013/02/thomas-edison-and-bitcoin.html
244  Economy / Speculation / Re: New All-Time-High of Bitcoin versus Gold today - will it go even higher? on: January 31, 2013, 09:41:40 PM
A pound of silver is over $400.  You mean an ounce of silver? (~$28).

No I mean 1 pound (16 oz) of silver.

How did you come up with this number?  Just speculation?
245  Economy / Speculation / Re: New All-Time-High of Bitcoin versus Gold today - will it go even higher? on: January 31, 2013, 09:17:21 PM
A pound of silver is over $400.  You mean an ounce of silver? (~$28).
246  Bitcoin / Project Development / Re: To All Rails Developers: SQL Injection Flaw Haunts All Ruby on Rails Versions on: January 31, 2013, 07:09:20 PM
Another exploit: CVE-2013-0333

https://web.nvd.nist.gov/view/vuln/detail?vulnId=CVE-2013-0333

lib/active_support/json/backends/yaml.rb in Ruby on Rails 2.3.x before 2.3.16 and 3.0.x before 3.0.20 does not properly convert JSON data to YAML data for processing by a YAML parser, which allows remote attackers to execute arbitrary code, conduct SQL injection attacks, or bypass authentication via crafted data that triggers unsafe decoding, a different vulnerability than CVE-2013-0156.

Known Ruby exchanges:  bitcoin-central.net, vircurex?, coinbase
247  Economy / Speculation / Re: Bitcoin going to touch $20 this week? on: January 29, 2013, 05:52:33 AM
$19? Yawn...

$20? Yawn...

Just another day in the bitcoin world.

$32?  Interesting...

$50?  All aboard!

$100?  WTF!

$1000?  Revolution.
248  Economy / Speculation / Re: If 2013 repeated history... on: January 26, 2013, 01:03:10 AM
Super duper speculation at it finest.  Nice work. Tongue
249  Bitcoin / Meetups / Re: Israel Bitcoin Meetup Group on: January 22, 2013, 07:28:21 PM
Cool, I love seeing these photos of these events. :-)  Thx for posting.
250  Bitcoin / Bitcoin Discussion / Re: Looking for on: January 22, 2013, 07:12:08 PM
Are you using your loan from Gamma Bitcoin Fund to pay back people?  If so, that is immoral.
251  Economy / Speculation / Re: Weidmann warns of currency war risk on: January 22, 2013, 07:09:34 PM
http://www.cnn.com/2013/01/21/business/german-bundesbank-currency-war-risk/

Quote
(Financial Times) -- The erosion of central bank independence around the world threatens to unleash a round of competitive exchange rate devaluations, which leading economies have so far avoided during the financial crisis, the president of Germany's Bundesbank warned on Monday.
Jens Weidmann, whose institution's own fierce independence from political influence was the model for the European Central Bank when it was founded, said Stephen King, the chief economist at HSBC, was "perhaps right" in forecasting an end to the era of central bank independence.
"It is already possible to observe alarming infringements, for example in Hungary or in Japan, where the new government is massively involving itself in the affairs of the central bank, is emphatically demanding an even more aggressive monetary policy and is threatening an end to central bank autonomy," Mr Weidmann said in a speech in Frankfurt.
"Whether intended or not, one consequence could be the increased politicisation of the exchange rate," he said, according to a text of his speech provided by the Bundesbank. "Until now the international monetary system got through the crisis without competitive devaluations and I hope very much it stays that way."
Both the Bundesbank and later the ECB were founded on mandates that gave them wide powers and freedom from political interference in return for focusing solely on keeping inflation in check. Some observers argue that the ECB now faces a challenge if other central banks ditch their own inflation targets and act to lower exchange rates against the euro, making exports from the embattled eurozone economies less competitive.
Asked about the trend for central banks to look less at inflation-targeting and more at policy areas that affect exchange rates, Mario Draghi, president of the European Central Bank, said earlier this month that the exchange rate was very important "as far as growth and stability" were concerned but was not a policy target for the ECB.
He also noted that the Group of 20 leading industrial nations had pledged not to undertake competitive currency devaluations as such action undermines economic and financial stability.
Mr Weidmann said the period in the 1980s and 1990s during which central banks around the world had been made independent had heralded a period of "great moderation" during which inflation fell. But the outbreak of the financial crisis and the growing energy and raw materials demand from fast-growing economies had put rising prices back on the agenda and complicated the job of a central bank.
This had led to demands on central banks to support the financial system, stimulate the economy and lower government refinancing costs "or even secure the solvency of a state", he said. "Overloading central banks with tasks and expectations is however certainly not the correct path towards sustainably overcoming the crisis."
The Bundesbank chief, whose concerns about straying from orthodox monetary policy prompted him to vote against and campaign openly against Mr Draghi's unlimited bond-buying plan last year, concluded by quoting approvingly from an interview Mr Draghi gave to the Financial Times in December. Central banks could best defend their independence by narrowly interpreting their mandate, he said.
252  Economy / Speculation / Re: Weidmann warns of currency war risk on: January 22, 2013, 06:52:53 PM
Yep, banksters reap the rewards of currency devaluation.  Look what happened here:

Chinese workers revolt over 2-minute toilet breaks
http://news.yahoo.com/chinese-workers-revolt-over-2-minute-toilet-breaks-081615186--finance.html
253  Economy / Speculation / Re: Weidmann warns of currency war risk on: January 22, 2013, 06:36:45 PM
There has been some talk of "currency wars" in the media but I don't think they do a good job explaining how the "war" is being implemented.

Countries are purposely trying to devalue their currency to stimulate growth.  If the Yen is cheaper then other countries can buy more Japanese goods with it.  This means workers get to have jobs to make those Sony products or Hondas.  This is good for workers, in general, but for those who honorably saved then their Yen are pretty much screwed because their Yen is now worth less than it was before.   Bitcoin does not allow this to happen!  

This could ripple to other countries so they will lower the value of their currencies.  This would cause competition and world wide growth.  It's like having a world war without the violence.  One problem with this is that competition of price causes everyone to lose since people will have to work harder to earn their money.  If we take it to the extreme we would be working 80 hour weeks...China is already doing it.
254  Bitcoin / Bitcoin Discussion / Re: Looking for on: January 22, 2013, 03:39:56 PM
Payback your loan to Gamma Bitcoin Fund please.
255  Bitcoin / Bitcoin Discussion / Re: Crowdfunding for Satoshi to reveal himself on: January 17, 2013, 08:25:55 PM
You still haven't figured it out?

http://www.weidai.com/bmoney.txt


This has already been discussed and it's not Wei Dai.
256  Other / Off-topic / Re: Russia Says World Is Nearing Currency War as Europe Joins on: January 17, 2013, 02:55:43 PM
Odd.  They want to devalue their currency to spur growth.  This means finance minisiters around the world want to make their constituents work harder for less money so they can compete with other countries.  This is the 1% at work forcing the 99% to work harder than ever.  Bitcoin liberates us from these manipulations with free market.

257  Bitcoin / Project Development / Re: To All Rails Developers: SQL Injection Flaw Haunts All Ruby on Rails Versions on: January 12, 2013, 03:56:31 AM
Rails seems to be a popular development language for bitcoin.


Sir, rails is not a language. It is a framework.

My mistake.  I keep on making it.
258  Bitcoin / Project Development / To All Rails Developers: SQL Injection Flaw Haunts All Ruby on Rails Versions on: January 03, 2013, 06:44:26 PM
Rails seems to be a popular development language for bitcoin.  I think I've been hearing some sql injection attacks lately on some bitcoin websites but here is a story on it.  (I've been accused of being a troll here for talking negatively on rails before):

Quote
All of the current versions of the Ruby on Rails Web framework have a SQL injection vulnerability that could allow an attacker to inject code into Web applications. The vulnerability is a serious one given the widespread use of the popular framework for developing Web apps, and the maintainers of Ruby on Rails have released new versions that fixes the flaw, versions 3.2.10, 3.1.9 and 3.0.18.

https://threatpost.com/en_us/blogs/sql-injection-flaw-haunts-all-ruby-rails-versions-010313

Mod: Move this to Project Development.  I put it in the wrong forum.
259  Economy / Securities / Re: [Investment fund] Gamma Bitcoin Fund [Closing] on: December 12, 2012, 10:51:27 PM
Anything new?
260  Bitcoin / Bitcoin Discussion / Re: This article is too awesome... Bitcoin FTW at Money2020 on: December 11, 2012, 01:19:35 AM
Quote
The few women in attendance walk briskly back and forth in pale floral dresses and grey suits that accentuate their edges, chiseled sharp by years of slaps on the ass.
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