I tried all passwords I ever had on my account, they all look like EA29l8H>hHYfP[chcfFWC){0w7K(qWKR but I somehow sure that I remember all of them correctly.

And the account in question was created in 2011. This is why I thought (rightly or wrongly) that this is simply a harvesting operation without any database to compare with.

jjshabadoo, how is any of this different from CPU, GPU and FPGA generations, except in magnitude?

Basically you need a firewall intercepting all traffic and pushing it all via  tor proxy.

Thank You.

I, however, disagree with you on 3. Let me give you an example.

If, say, NSA would want to attack Bitcoin right now, they will not be buying GPUS's or FPGA's. NSA has it's own foundry and should they want it they can produce large amount of ASIC chips relatively quickly. This means that they have "generation" advantage. They can fight GPU's with ASIC's. This window of opportunity is closing up quickly with mass proliferation of ASIC mining hardware. Meaning they will have no "generation" advantage. This all of the sudden will be not GPU v ASIC fight but ASIC vs ASIC fight.

1. Devs will not change the algo in order to influence ASIC production because it would be a very stupid thing to do and devs are not stupid (well... mostly).

2. ASIC mining is not the end of decentralised mining, it is the beginning. It will make the mining ultimately much more decentralised than it is now, perhaps with exception of short transitional period.

3. ASIC mining proliferation will make Bitcoin much more resilient to 51% attacks and much more secure overall. A few years from now it likely that most governments will not be able to mount a successful computational attack on Bitcoin and before long even the most powerful nations will not have such capability either. Thanks to mass proliferation of various hardware incorporating Bitcoin mining ASIC's.

4. There will be 2 generations of ASIC hardware coming relatively quickly one after another (perhaps with 18-24 month pause), after that it is Moore's law (finally).

5. FPGA investors will regret buying FPGA's instead of just buying bitcoins. Particularly those who are just buying rigs now.

6. Whether initial  ASIC investors will recoup their investment or not is rather not clear.

7. BFL is not the favourite in the ASIC race.

8. Embrace the future.

actually we do https://mtgox.com/img/pdf/20120201/Transparency_Jan.pdf even if this is out of date.

Anyone who ready to put some work into it can figure out their revenue and expecens based on public information.

What not known is whether there is any revenue from a hypothetical side biz like "proprietary trading" and whether there are any large losses due to bank fraud, more hacks etc...

LOL,  nice one

+1

It seems that form is simply harvesting IP's and cleartext passwords and responds to everyone
with "No password hash found please contact verify@bitcoinica.com to request manual verification". Which would not be unreasonable if they just said so instead of "No password hash found", which is kind of looking like a little white lie, meaning "it is not found because we do not have db where to look for it".

Since they run it via https, do check their certificate before submitting anything. It should be issued to claims.bitcoinica.com .

how you arrived from this


to this


is beyond logic.

And no,  I am not going to start buying bitcoins now from you at 50$ and this does not make my points any less valid and yours any less ridiculous and childish.

I however, can and do take advantage of markets being wrong (and they often are, suprise, surprise) by buying or not selling bitcoins or not selling any more than I absolutely have to at current prices.

I am planning logistics for issue #2. So you can blame me for "Great Management", whatever that means.

I'll give you another reason why the prices could have been suppressed lately (by your bellowed free and allegedly efficient market).

Look at massive lending bubble on GLBSE. It is possible that large portion of BTC loaned was converted into fiat and funnelled somewhere outside of Bitocoin economy (like $ denominated ponzi schemes). If so with current up leg (and implosion of some well known ponzi schemes) could work its way through the system and cause a string of BTC defaults. As such this would effectively freeze high interest BTC lending market and stop this constant sale pressure, causing further USDBTC rise and further defaults, and so on in a vicious spiral.

Whomever, borrowed 100 BTC and converted it out at 5$ will find it much more difficult to pay 6-10% per week when he needs to convert fiat back to BTC at 6$. Whomever have borrowed at insane loan shark rates BTC and converted it to USD will find it much more difficult to not default on that loan at 6$.

This all is not going to end well for many bears (BTC borrowers).

As Warren Buffet said: "You only find out who is swimming naked when the tide goes out."

dree12,  the joint: No offence, but both of you, in this case, are being simply ridiculous and really do not deserve any more detailed response.

- bitinstant and massive availability of "cash for btc" trade
- bit-pay massive growth, reportedly 200-300% per month
- bitcoin magazine
- GPU -> FPGA change of guard
- investments being rounded up for bitcoin mining ASIC's by multiply independent parties (meaning by the end of 2013-2014 51% could be out of reach of most viable attackers today and that we will be measuring hashing power in petahashes and exahashes)
- upcoming FIRST EVER bitcoin subsidy cut
- massive and mostly positive news flow
- many significant projects in development, including zipconf, kronos, hermes, ellet hardware wallet, that bitcoin card, proper hosting services suitable for hosting bitcoin wallets etc...
- improvement on the decentralisation front. For example, say, mtgox (or and other exchange or biz) folds now, it is only problem for their customers, the rest of the world will just move on.  Deep bit is taking relatively small fraction of mining power as opposed to flirting with 51% level.

We are now at some very much solid footing as compared to about 1 year ago when we 2 digit valuations of BTC. I would think that market is grossly undervaluing Bitcoin and its potential.

If a (centralised) company with anything close to Bitcoin's "product" and growth history and potential to effectively replace most of modern banking system which has estimated valuation at almost 10% of worlds assets (excluding all the off-balance shit, lol). Such a company would be valued at billions already, not some puny 50MM which is a valuation reserved for smalltime 3 man teams starting some scam and trading it on pink sheets.

Do post if I have missed something of note.

I would think that fair Bitcoins valuation should be in middle 2 digit right now, not 5-6$.

if anyone wonders how positions will be liquidated here is the best answer I could find, https://intersango.com/terms.php (whether relevant to bitcoinica or not)


The most hilarious part was emphasized by yours truly.

Clauses 13, 14, and 15 on that page also have significant comedy value.

diagnosis: nonsense
treatment: contract law 101

I just tl;dr'ed what they said in those terms and conditions. So that even non "wikipedia lawyers" can understand.

Let's assume that those tos are geniune.

See bold text. Bitcoinica, who the hell came up with this drivel for you. Do you really think you can write this shit into Force Majeure and everything is hanky dory and you can just continue to be be as grossly negligent as you are? Yea nice lawmanship. Get proper lawyer to draft for you the terms. Bitcoinica, with such drivel in force majeure clause you are way better off without one.

Since when allowing your computers to get hacked or mismanaged is an equivalent of "Acts of God, Rulers, and Princes" ?

tl;dr Bitcoinica thinks that having their computers hacked releases it from any liabilities to everyone.



edit:
P.S. upon some reflection... if a 17 year old came up with that by taking some example off internet and adding some wishful thinking to it, I suppose it is understandable.

http://bitcoinmagazine.net/ponzi-schemes-the-danger-of-high-interest-savings-funds/

for what it worth

I quick update.

It seems that we are are going for a bunker type DC. Due to military grade physical security this will be a suitable place to host ASIC based bitcoin mining hardware.

The company will be http://en.wikipedia.org/wiki/ISO/IEC_27001 certified. Services we are going to offer will be tailored to serve the needs of not only bitcoiners but also other information security conscious customers, such as banks.

I have just reached an agreement in principle with a very well known company that specialises in Information Security training and consulting about joining forces on launching secure hosting project. We are now scouting for office here in Sheffield, UK that will be our NOC.

There is a good chance that we will be able to accept customers from Bitcoin community as soon as end of July and we expect to complete ISO 27001 certification process sometime in September.

BTW. We are fully funded and not looking for investors at this time.

Dear anonymous cowards, what is wrong with you? Why are you going after Zhou?

It is like one buys a house just to find out that all the copper pipes are torn out. Then goes to argue with the plumber that put it in the walls in the first place instead of arguing with the party that sold you the house.

This just makes no sense whatsoever.

And let me tell you that yes myself and Matthew did advise Zhou in the very beginning and are proud of it, whether Zhou have chosen ultimately to follow that advise or not.

Now for those of you with conspiracy theories that Zhou does not exist. I know for a fact that Zhou indeed exist and is a real person and has not misrepresented his identity on this forum. Your theory is just silly and has no basis in fact.

Damn anonymous cowards, stop projecting YOUR modus operandi on other people.