3941
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Other / Meta / Re: Kill the Politics forum
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on: June 16, 2011, 08:32:28 AM
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What will your investors say when they find out the logo was made by... an individual. It's not official, it's just good.
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3942
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Bitcoin / Bitcoin Discussion / Re: I just got hacked - any help is welcome!
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on: June 16, 2011, 08:07:56 AM
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I face a dillemma here. How do I get the bitcoin client into a non internet connected machine? This is assuming that you can never 100% trust the computer you're using to download the client. Along each step in the process of securing your bitcoins there is a small but every so slightly possible risk. Heck the client itself could be compromised. A hacker could break into the sourceforge servers and cleverly attach a payload into the official client. Guess how many people would not notice until it was too late.
I think the safest and most paranoid idea I've head so far is to physically print your private keys. I am even tempted to print them on a freaking gold plate!
Are you serious? Maybe use some kind of file storage device to move Bitcoin onto the computer's hard-drive? Or you could download it and then turn off the internet forever. Printing keys would make them as insecure as cash. It's close to the worst idea.
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3943
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Bitcoin / Project Development / Re: Bitoption.org -- ESCROWED LIVE Bitcoin Options Trading
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on: June 16, 2011, 07:33:59 AM
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I'm such a noob. I left the bids out through expiry. It looks like I only lost on the OOTM ones (thanks Damien and others). I was thinking for some reason I had until Thursday night, so I checked in Wednesday evening, but of course midnight Thursday had already happened (in Europe is it?)
Glad to have made the mistake on a small scale though, cheap lessons.
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3945
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Economy / Economics / Re: Just me, or is anyone else constantly thinking of bitcoin businesses to start?
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on: June 16, 2011, 06:03:39 AM
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What is this I head about there being about a 1/10th of a USD cent cost to each transaction over the whole network.
Can someone explain that to me?
former fee was .01BTC, which at the time was a meaninglessly low number. It's now been dropped to .005 I think it's actually .0005BTC as the default min which be a whole penny still. A reasonable fee, but too high for a min and will need to be changed again in a month or two. It's kind of hard to keep out in front of this I guess.
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3946
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Economy / Economics / Re: Bitcoin price being artificially stabilized?
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on: June 16, 2011, 05:47:46 AM
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I heard people are getting paid to stabilize the price. The way it works is that you put up some money to buy coins below and certain price and sell above a certain price. You get paid the difference between the price you buy and sell at. You lose if you pick the wrong price to stabilize at. If you pick too high you lose all your dollars, if you pick too low you lose all your coins. More positions are open, bring your own capital.
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3947
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Economy / Trading Discussion / Re: Mt.Gox drawing public trade orders from dark pool? WTF!?
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on: June 15, 2011, 09:51:16 AM
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What the developers of Bitcoin needed to do was incorporate an exchange (usd/btc) into the bitcoin client along with the market depth and time & sales. That would be ideal transparency and the "commissions" that MtGox generates would go to the miners instead as transaction fees.
I'm imagining that Zoolander scene where he's trying to get the files out of the computer, but instead AtomicTrader is trying to get dollars from his Bitcoin client.
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3951
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Bitcoin / Bitcoin Discussion / Re: There will be blood.
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on: June 15, 2011, 07:57:34 AM
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It's once exchanging BTC for fiat is declared illegal that most people will exit the bitcoin "market".. which is just as well anyway.
I don't get it. Most people will wait until it is illegal to trade in order to trade? The law abiding citizens will have to just delete their wallets if it is illegal to trade.
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3952
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Economy / Service Discussion / Re: Bitcoin7.com - Brand new exchange market!
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on: June 15, 2011, 06:44:56 AM
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Here's my experience with Bitcoin7:
I transferred $1750 from MtGox to Bitcoin7. It took 4 hours to clear.
I bought just under 100btc. $5.238 was added to my account as a "promo bonus".
I transfered those btc to my wallet.
They showed up immediately as 0/unconfirmed. They are now sitting at 6 confirmations.
Maybe they cut corners on the text, but they don't seem to be outright thieves.
Jere
And now they have you vouching for them and more will deposit. I'm not saying I know it's a scam, but it seems like a decent chance given the offer to pay Jgarzik and the copied text.
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3953
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Bitcoin / Bitcoin Discussion / Re: Is Namecoin better than Bitcoin?
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on: June 15, 2011, 06:19:13 AM
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Bitcoins can be used as payment for processing Bitcoin transactions. As was said, that's just as legit as namecoins paying to get a name in the chain. Neither has value if no one values them. Either can have value if people do.
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3955
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Bitcoin / Bitcoin Discussion / Re: FirstBits.com - remember and share Bitcoin addresses
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on: June 15, 2011, 04:12:52 AM
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Another suggestion: I realize you want to keep it pure, but how about adding an extra character as a checksum? It's very easy for the payer to mess the address slightly by writing it down wrong or hearing something wrong. A one character checksum would drastically reduce the chances of sending money to the wrong account.
I did think about the checksum idea and like spike says we went with the option to add more digits from the address. The main problem with checksums is that you can't make it optional because another address will show up that has the checksum digit as part of itself. Requiring our arbitrary checksum would hinder wider acceptance and I think. And you can get more typo protection than a checksum provides if you really want it by adding 3 or 4 characters. I wouldn't give my firstbits to my grandmother over the phone, but if I had to I would give 3 extra chars.
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3957
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Bitcoin / Bitcoin Discussion / Re: FirstBits.com - remember and share Bitcoin addresses
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on: June 14, 2011, 10:07:58 PM
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Idea/Suggestion: Redirection of URL of type http://firstbits.com/1kk5k - to a page with the expanded address. (or to the main page with and perform the search) This way people could link to their firstbits easily. Of course if you start doing that then no need to limit it to shortened addresses... http://firstbits.com/givememoney could work just as well :p This is what firstbits avoids. You don't need our special database to convert full<--->firstbits. You just need the chain and the rule. So someone can clone it or make a chrome extension or a phone app and they don't need us to keep their database current, just the chain.
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3959
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Bitcoin / Bitcoin Discussion / Re: FirstBits.com - remember and share Bitcoin addresses
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on: June 14, 2011, 09:54:08 PM
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The 1 identifies a string as a Bitcoin related address and isn't any harder to remember.
True, but I think it could be dropped for the same reason that people no longer start with "h t t p colon slash slash w w w dot" when they say the address of a web site. So maybe take it with or without the "1"? Seems reasonable. Ah, no, not possible. 11feh and 1feh problems.
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3960
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Bitcoin / Bitcoin Discussion / Re: FirstBits.com - remember and share Bitcoin addresses
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on: June 14, 2011, 08:55:16 PM
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Clever! I entered "1" and got the generation address from the genesis block. How come the firstbits string is all lower case? It's a lot harder to say and remember 1-uppercase B-lowercase C-3-uppercase D. Yes, I get that, but I was puzzled by the loss of information. I guess it's technically not the "first bits" of the address, since you lose some bits by lowercasing the address. A suggestion: make the decoded address a link to blockexplorer. Makes it easier to check that you got the right one. EDIT: Another thought... isn't the "1" at the beginning unnecessary since it's always the same? Drop it and the short version becomes even shorter. The link to block explorer is a good idea. I was actually torn between the purity of keeping the caps and the risk of typos / ease of use factor. It makes addresses need to be less than 1 char longer on average. The 1 identifies a string as a Bitcoin related address and isn't any harder to remember. Thanks for the feedback.
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