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1061  Alternate cryptocurrencies / Altcoin Discussion / Re: ***** THE ZEROCOIN SOURCE - Truly anonymous coin ***** on: March 02, 2014, 10:58:04 AM
where did you read, that they "walk away" after release? they worked 1,5 years on that, would be a little bit strange if they would do this, its their baby.

Ah, I can't find the quote now, but it was from a video where he answered questions from the public.

Basically he said

"We are cryptographers and do this as a science project. Once the open code is out there, we will walk away from it and observe what the community does with it"

To me it seems that they are more interested in getting publications in scientific journals than actually establishing a new competitive Alt-coin.
I find the project very fascinating, so I hope I am wrong about this.

Translation: Somebody else will have to take the heat when the feds come knocking with special requests.

As long as it is in the interests of science ... free market experimentation driven by curiosity will only happen where the regulation boundaries end.
1062  Economy / Service Discussion / Re: Instawallet claim process on: March 02, 2014, 09:17:36 AM
It seems like it would be easy to answer the simple questions asked by Marcus above.

...unless there is reason those 'haters' are correct.  Lots of MtGox people used similar arguments when people challenged their solvency.

Did Phinn ever get his 1000 BTC returned?

Unless BTC-Central Paymium is running fractional reserve they should have no problem demonstrating the exact status of their solvency and the Instawallet coins using the blockchain.

As has already been done recently by other reputable, transparent exchanges in wake of Mt. Gox debacle.
1063  Bitcoin / Bitcoin Discussion / Re: The real lesson the community should learn on: March 01, 2014, 04:11:24 AM
By pennies I mean the trillions of dollars used IN pennies.  There are more currency units used in Bitcoin then the entire fiat money supply expressed in pennies.

That still brings me back to my point. It is not practical to the layman. The masses are already easily confused using 2 decimal points; and you somehow think that using a currency that has 8 decimal points is something John & Jane Doe are going to be able to use easily?

You move the decimal place eight points to the right and call them satoshis?

Was that really that hard? Or are you one of the 'masses' you are disparaging?
1064  Economy / Service Discussion / Re: Incredible thread speculating US Government has control of Gox's Cold wallet. on: February 28, 2014, 12:29:32 AM
http://www.coindesk.com/japan-pushes-international-effort-bitcoin-regulation/

Cui Bono?
1065  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2014, 12:18:05 AM
<RogerVer> On Tuesday Mark told me via text message: Currently filing for bankruptcy and will update based on that
My guess is the shit hit the fan for Gox between the start and the abrupt end of the acquisition of their US customers by Coinlab.
There was probably a reason why they were "reluctant" to turn over those accounts.

Peter Vesseness + US Feds ... why do those two keep cropping up together in fucked up situations?

Gox got goxed alright.
1066  Economy / Service Discussion / Re: Incredible thread speculating US Government has control of Gox's Cold wallet. on: February 27, 2014, 11:05:07 PM
Is it really that unbelievable?

Gox is such an epic fail of gargantuan proportions that it probably involves the Government in some way shape or form.

I would not be surprised if an agency or two comes out of this with a bloody nose and red-faces if they are caught messing with the honey-badger. A transparent ledger works both ways, no hiding behind legal lies ...
1067  Bitcoin / Press / Re: [2014-02-26] Sen. Manchin demands complete US ban on Bitcoin on: February 27, 2014, 09:52:10 PM
I want a ban on idiotic Senators.

Is that possible? About as much as a ban on Bitcoin  Kiss
1068  Bitcoin / Press / Re: [2014.02.27] The Schlichter Files: Bitcoin-has-theory-and-history-on-its- side on: February 27, 2014, 09:47:00 PM

Wow. Great stuff ... he's back and a new ally too!

Some irrefutable commentary in here folks, anti-dote to the nauseating fiat propaganda flooding the airwaves and your minds daily.
1069  Bitcoin / Press / Re: [2014-02-26] Sen. Manchin demands complete US ban on Bitcoin on: February 26, 2014, 09:55:54 PM
On second thoughts, he's probably just trolling ... good one senator troll, attention whore.
1070  Bitcoin / Press / Re: [2014-02-25] Why Regulating Bitcoin Won’t Work on: February 26, 2014, 09:49:46 PM
The free market will provide ... just give it time and space to work.

Ratings agencies, insurance companies ... where do you think these originally came from, the end of a bureaucrat's pen?
1071  Bitcoin / Press / Re: [2014-02-26] Sen. Manchin demands complete US ban on Bitcoin on: February 26, 2014, 09:14:55 PM
Guy is a lost cause ... who voted for idiots like these?

Edit: not to mention he comes across as an extremist whackjob ... banning peaceful commerce, really?
1072  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 04:38:35 AM

Karpeles' master plan ... burn all the coinz!?
I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

... here's a plot of interval -6pi < x< 6pi I shared with Jorgi the other day

http://s17.postimg.org/p81wyo3ct/rootsin.jpg

1073  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 04:20:40 AM

Karpeles' master plan ... burn all the coinz!?
I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?

f(x) = Sqrt[Pi]/(Gamma[(Pi + x)/(2Pi)] Gamma[1 - x/(2Pi)])

wow ... you might have just solved a long standing problem ... I'll let you know.
1074  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 04:13:08 AM

Karpeles' master plan ... burn all the coinz!?
I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?
1075  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 03:48:37 AM


Karpeles' master plan ... burn all the coinz!?
1076  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 03:40:25 AM
run 2 years until wallet is dry, all supposed UTXO turn out to be STXO and all real UTXO are in nirvana already.

Sounds like the sort of thing that should not happen but often does...

But what about those clients who complained publicly that they did NOT receive the withdrawals?  The hackers only "un-malleated" the transfer requests of their own withdrawals, leaving those alone?



... don't attribute to malice that which can be easily explained by incompetence.

I'm getting a sense now the way people are dancing around the issue is that Gox has sent a huge number of coins (600k plus) into never never land.

No one said safe, convenient crypto transfers would be easy.

He's probably been simply ignoring all those valid complaints of "I didn't get my coins ..." when they got sent to a black-hole address by his bad software.
1077  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2014, 02:26:18 AM
Bitcoins are indeed scarce and after Gox they will get much, much scarcer.

The biggest lesson from Gox is DONT LEAVE YOUR COINS ON THE EXCHANGES! ... or in fact with anybody else.

That means a whole lot of coins are gonna get pulled from the exchanges ... yep GOX failure means scarcer coins, simple as that.
1078  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 08:50:59 AM
Well this is sad. Not only because I'll never get my bitcoins back but because it looks bad in general. Karples will go down as the greatest enemy bitcoin ever had.

... and indeed he is ... there are few more like him in the 'community' who's weak hearts will be tested by the ruthless market and found wanting.
1079  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 07:24:07 AM
ok ... that's it ... ccmf!

all in, enjoy Smiley

1080  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2014, 07:11:52 AM
http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?_r=1

Quote
But at the same time that the news about Mt. Gox was emerging, a New York firm announced plans to create an exchange that could draw the world’s largest banks into the virtual currency market for the first time.

Well fuck me.

oh yeah ... the banks want your coinz ... pysched out much yet?
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