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761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency on: August 21, 2012, 06:12:19 PM
It would be like saying this vault is a great design except for people being able to steal money trivially is one of the weaknesses.

I would liken PPCoin's security to that of a hot dog stand. You cannot simply steal money as dude who sells hot dog is guarding it, but if you overpower the dude (which is almost trivial) you can grab the money. BUT that dude brings money to bank from time to time (like each 4 hours), and once money is in bank it's much harder to steal it from there. (But if bank itself wants to steal the money, that's another story.)

So, well, hot dog stand dude provides high availability and convenience. But, well, he's not very secure...

HotDogCoin

Any HDC / BTC exchange planned ?

Report after 18hrs at 700mhs
Code:
"balance" : 0.00000000,
"newmint" : 4366.01000000,
"stake" : 0.00000000,
"blocks" : 1487,
"connections" : 25,
762  Bitcoin / Bitcoin Discussion / Re: The original Bitcoin client sucks. on: August 21, 2012, 08:31:23 AM
Related : https://bitcointalk.org/index.php?topic=100779.msg1100938#msg1100938
763  Economy / Securities / Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch! on: August 21, 2012, 05:24:50 AM
My train of thought after reading this thread...

Cool satoshiDice IPO..
Wow. way over priced, ~5 000 000 USD$ for this ? ... 10years to payout if nothing fail, or something better come out...
...would I even trust GLBSE ,,, Hmm,,

Then this  ... :
...
Admitedly, MPEx is a bit more complicated to use than GLBSE.

Here's the FAQ http://polimedia.us/bitcoin/faq.html[/url]

It's run by Mircea Popescu (you can contact him with questions: mircea_popescu on IRC  http://webchat.freenode.net/?channels=bitcoin-assets )
facepam moment
Quote from: FAQ
1. Dear Lord, what is this ?

    Yes, this is dog.

2. What is an MPSIC ?

    Short for Mircea Popescu Standard Identification Code. It's true that it's not very standard, but on the other hand it's very code-y, so it all evens out in the end....
Yeah yeah,,, fuck off , TLDR ... humor into stock exchanges documentation, R U fkin kiddin me ?

Then went to http://polimedia.us/ ...  Empty white site with a picture of gypsies...WTF ?

Then learn about 20btc fee,

/*insert slow clap meme here* /

764  Economy / Service Discussion / Re: Pirate paying back investors within a week OR two? on: August 21, 2012, 12:49:49 AM
...
This is my question to you and many others:

What's so fucking irritating about me ....
I'd say >80% of your post are pointless. You're always posting brainfarts as fast as you can to new threads.

Good job quoting and then editing...
Size = 20 is also irritating.

I quoted the only part that I wanted to reply too. Didn't read OP either...
Good that you seems to agree with me.
765  Economy / Service Discussion / Re: Pirate paying back investors within a week OR two? on: August 21, 2012, 12:26:57 AM
...
This is my question to you and many others:

What's so fucking irritating about me ....
I'd say >80% of your post are pointless. You're always posting brainfarts as fast as you can to new threads.
766  Bitcoin / Pools / Re: [1300 GH/s] EMC: 0 Fee/PPS/DGM/Merged Mining/PayPal Payout/SMS/Yubikey/More on: August 20, 2012, 09:21:35 PM
Every GPU has it's own miner instance, I don't see how different hash-rate would be affected so differently by 10diff shares.

Most miners are thus between 250/700 mhs (5770 to 7970)
767  Bitcoin / Bitcoin Technical Support / Re: Bitcoin client upload saturating my DSL connection. (No bandwidth throttling ?) on: August 17, 2012, 10:09:01 AM
It might be possible under CLI but there is no such feature in the QT Version.  
...
By the way, the clients cannot endlessly ask for blocks: there is a hardcoded limit of 500 blocks per session per IP address. ...
Botnets of rogue clients don't care about limits.

I don't think it's normal to put at risk users Internet's connections reliability for a feature so basic and easy to add.
There is more menus and sections in the GUI than there are settings to configure.
768  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-E (trollbox) on: August 17, 2012, 04:28:16 AM
I have to agree that this fagbox is of the most annoying.

Because of it's format there is no way it can lead to any coherent discussion.

The only time I manager to read something out of this was by copy/paste into a word processor.

I noticed a lot of message were duplicates / flooding.

@OP, No need to get angry over it.  

@BTC-E ,I don't see how hard it is to move it to it's own page and have it big enough so we can see more than 3 posts at once.

The amount of shit I've read there is unbearable, It negatively affected the perception I have of your exchange.

Quote from: Mind
"Kids trading LTC by the dozen."
769  Other / Beginners & Help / Re: cavirtex.com - Canadian Bitcoin Exchange now LIVE on: August 17, 2012, 04:06:11 AM
This fee increase can be discussed here : https://bitcointalk.org/index.php?topic=101165.msg1105653#msg1105653
770  Economy / Trading Discussion / Re: VirtEx Fee Increase Canadian Bitcoiners on: August 17, 2012, 03:55:52 AM
OP, You forgot an important part of the email :
Quote
Coming August 22, 2012
The fee you are charged will be based on your 120 day BTC trade volume.  Your current 120 day trading volume will be used when this fee schedule goes live.

Less than 100, 3.0%
100 to 300, 2.5%
300 to 600, 2.0%
600 to 1200, 1.5%
1200 to 2500, 1.0%
2500 or over, 0.5%

Chat I had on their IRC#, Sorry for it being poorly worded (I care very little).
Quote
[23:13] <Transisto> New fee structure is ridiculously high and will greatly reduce liquidity
[23:14] <BTC-Mining> Indeed it's quite high
[23:14] <Transisto> expect spread of ~1$ soon
[23:17] <Transisto> So if I buy 35 000$ worth of BTC you take yourself 1%, or 350$ ? withouth adding deposit fees/ withdrawall fees
[23:18] <Transisto> The reason you made no money is not because you had low fees, it's because you had no volume
[23:19] <mrSprinkly> the fees are awful
[23:19] <mrSprinkly> it might even be better to transfer to mtgox after the fees
[23:19] <Transisto> The wide spread is what made you OFF-the-chart as a speculation trading exchange.
[23:21] <BTC-Mining> I think to start with there's not enough Canadians interested in bitcoins...
[23:22] <Transisto> MtGox can get away with 0.6 % because of how big it is.  It would have been a better strategy to lower your in-exchange fees.
[23:23] <mrSprinkly> once bitinstant begins accepting canadian cavirtex might be forced to change their fees
[23:24] <_Transisto> Question, Why would I hold my $ or BTC with cavirtex when I can simply Wire it to MtGox Huh
[23:25] <mrSprinkly> international wires cost money
[23:25] <_Transisto> how much ?
[23:25] <mrSprinkly> $80/wire or so when i checked last year
[23:25] <mrSprinkly> but they may have changed it
[23:26] <_Transisto> that's what your bank charge ?
[23:26] <mrSprinkly> your bank charges some, as well as the receiving bank..
[23:26] <mrSprinkly> the receiving bank charge was the killer from what i remember
[23:27] <mrSprinkly> but from what i recall their international bank was located in japan.... so it might be different now
[23:27] <_Transisto> looking up what our canadian bank charge for wires
[23:28] <_Transisto> http://www.tracenotes.com/reports/canada-bank-transfer.html
[23:30] <_Transisto> so BMO charge me 70$ for 35000$
[23:30] <_Transisto> Canadian tire bank, 30$
[23:31] * brilthor (~brilthor@hamiltonfirewall.wice.ca) Quit (Ping timeout: 276 seconds)
[23:32] <_Transisto> For international wire transfer,,, and CaVirtex want to charge 350$ for internal BTC/USB trades ... What the F have they been smoking ?
[23:40] <_Transisto> And this ,,, to be enacted with less than a week notice ?
[23:40] <_Transisto> I mean REALLY ?
[23:41] <_Transisto> I never held any BTC or USD there,  But as a Canadian I am angry.
[23:42] <BTC-Mining> I transacted quite a few grand on Cavirtex. No need to say I might not be back with 3% fees.
771  Bitcoin / Bitcoin Technical Support / Re: Bitcoin client upload saturating my DSL connection. (No bandwidth throttling ?) on: August 16, 2012, 08:24:59 PM
You won't see me running a node until I can at least control the number of connections.
(for obvious reasons, one of them being; not able to use my home connection reliably)

You can actually set the number of connections, but I don't know enough about it to tell you how to do it.  You could 'nice' the process, and that would slow it down somewhat.
It might be possible under CLI but there is no such feature in the QT Version.  
"Nice" is for Linux, and affect the CPU aspect only.  


This is almost a security concern as rogue clients could endlessly request upload of the block-chain and saturate thousands of people's slow connections.
772  Bitcoin / Bitcoin Technical Support / Re: Bitcoin client upload saturating my DSL connection. (No bandwidth throttling ?) on: August 16, 2012, 08:16:55 PM
...
i use software called NetLimiter to limit the upstream available to the bitcoin client (amongst other things)
Thanks for the tip, I'd use my router QOS feature if I was concerned. Just wont be running it.

You won't see me running a node until I can at least control the number of connections.
(for obvious reasons, one of them being; not able to use my home connection reliably)

Also, It's not written anywhere what port it is using, although it has a "Map using UPnP" feature which nobody security conscious should be using.

Oh and the "Help" menu provide no help whatsoever. Not that I needed any, apart for knowing what port I should forward.  (8333, I know)
773  Bitcoin / Meetups / Re: Bitcoin Montreal - September 1st on: August 16, 2012, 07:41:15 PM
Not sure if it is of any interest to you but a big conference, I planned on attending, is going to be held in Montreal on October 22 to 24 (WCIT Only happen every four years)
Quote
The World Congress on Information Technology (WCIT 2012) is a fast-paced 3-day conference that will focus on the theme of "ONE Vision for a Global Digital Society". It will feature more than 100 high-profile speakers and attract up to 3,000 delegates from more than 80 countries, including representatives from industry, governments, academia, and civil society.

The Congress will feature the following aspects:
    An unrivalled perspective on the promise of the digital revolution delivered by an exciting line-up of inspiring "digital guru" keynote speakers.   ...   ...
http://www.wcit2012.org/en/wcit-2012/about-wcit-2012/highlights
774  Bitcoin / Bitcoin Technical Support / Bitcoin client upload saturating my DSL connection. (No bandwidth throttling ?) on: August 15, 2012, 04:50:18 AM
During four days the bitcoin-qt.exe has uploaded 2.5gb of data and received 128mb.

It totally saturate my upload thus bottlenecking download too.  Pings of 260ms

I had 58 connected peers.

A: Is this normal ?
B: How trivial is it to add a bandwidth limiting feature ?
C: Why not a connection limiting feature too, ? I would think 40 connection is enough for me.
775  Bitcoin / Meetups / Re: Bitcoin Conference 2012- London 15-16 Sept | ANNOUNCEMENT tickets available on: August 15, 2012, 02:36:31 AM
For god sakes people, another thread, one of any of the other dozen or so threads, PLEASE.
More than 3/4 of the new comments are about the future of your conference !

For god sake, what's your point again ?
776  Economy / Exchanges / Re: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation on: August 15, 2012, 12:33:53 AM
As always thank Repentance for these insightful posts.

...
There's a hell of a shit-storm developing in the Bitcoin conference thread at the moment.  

And these are the posts that started it.
oh fuck off. Name me one instance where I lied, or conducted myself improperly. Point them to me. It was me who made public all the emails, released publically all the documents/agreements, released the sourcecode .......
https://bitcointalk.org/index.php?topic=67199.msg1099607#msg1099607
https://bitcointalk.org/index.php?topic=67199.msg1099851#msg1099851
777  Bitcoin / Meetups / Re: Bitcoin Conference 2012- London 15-16 Sept | ANNOUNCEMENT tickets available on: August 15, 2012, 12:20:37 AM
That fat girl is a person you know. Why would you insult her when she's an innocent bystander?

I'm not saying I'm happy Roger Ver lost money, but simply that his life is not really impacted in a huge way compared to someone who barely has enough money to survive or eat because they lost it in Bitcoinica. I seem to recall in Vienna that you were talking about renting out an aeroplane. That's a level of extravagance that goes way way over my head. You probably live far more comfortably than the majority of people do including myself. Don't tell me that 25k out of 50k is more of a loss than $200 of $600. That's the difference between homeless and starving, vs surviving.
Please, stop feeding the shit-storm.

This remind me of your Kangaroo court / McDonald coffee analogy,  Beyond irrelevant.

The part people want a response to is everything but this, One of them being why are you proud of having leaked "released" the source code ?
778  Bitcoin / Meetups / Re: Bitcoin Conference 2012- London 15-16 Sept | ANNOUNCEMENT tickets available on: August 14, 2012, 08:25:39 PM
My personal role (not the Consultancy or anyone else's):

- Design a new hedging algorithm for Bitcoinica because the existing one was losing Tihan a lot of money for the last few months.
Among others things, you have taken onto your shoulder to be Intersango's spoke person on the matter of [Payout Updates] and the hacks.

And I think you definitely failed at this and having anyone at Intersango to give meaningful updates.

https://bitcointalk.org/index.php?topic=84042.0
779  Bitcoin / Meetups / Re: Bitcoin Conference 2012- London 15-16 Sept | ANNOUNCEMENT tickets available on: August 14, 2012, 08:13:40 PM
It seems like not everyone agree that Amir has handled the problem as he should have had and that there remain a significant risk that the the conference will be used as a tribune on this matter.

Transisto, before Bitcoinica, I had no problems with you and thought you a good person (I still do and don't blame you for being upset over it). But what should I have done differently? You do realise that I have no control over anything.

If I don't organise the conference, then it won't happen. It is my experience and knowledge of this opensource-world, conferences and organising other events that means I know how to create a conference. You're essentially saying that there should be no conference because Bitcoinica lost money and I was affiliated with Bitcoinica? That seems pointless. I'm essentially doing this for free anyway.

Bitcoinica is all in the hands of business people and lawyers now. The reason I took a long hiatus is because it was seriously effecting my mental health. Several people started to tell me to take time out, but I wouldn't listen to them. Eventually it got too much, and I took their advice. I would've been a broken person unable to do anything otherwise. ...

Not willing to follow you on an argument about Bitcoinica "here",  I'm not saying "that there should be no conference" but that the risk of it being a issue is real and should not be sent to off-topic.  I think it would be a necessity for you to make well though of post summarizing your involvement in Bitcoinica BEFORE the conference, It has gotten very tiresome to hear from all sides "I' ve nothing to do with it" maybe telling us who does would ease the pain. I know, you just did, but here was not the place and your words don't seems well chosen given what we are going through.

Here, a post I made 2 weeks ago replying to a boycott suggestion, (obviously, left in the dark, didn't take into account your lack of possible involvement) https://bitcointalk.org/index.php?topic=97272.msg1074453#msg1074453
780  Bitcoin / Meetups / Re: Bitcoin Conference 2012- London 15-16 Sept | ANNOUNCEMENT tickets available on: August 14, 2012, 07:49:24 PM
Please move this off-topic discussion to the dozen other threads covering the situation.
When reading about the conference I tend to listen to what organizers says (Genjix) and reply accordingly.

So you claim the organizers involvement in Bitcoinica should not affect the conference ?  To each his opinion.

It seems like not everyone agree that Amir has handled the problem as he should have had and that a significant risk remain that the conference will be used as a tribune on this matter.
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