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841  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a hackers dream on: July 20, 2012, 04:48:35 PM
...
The software part I agree can make it "virtually" impossible to steal, but there always is a physical and mental part that is near impossible to secure without high costs and high inconveniences.
...
Perhaps you could elaborate on the "physical and mental part" and explain what they have to do with Bitcoin and not any other asset.
You understand having a paper wallet in a vault is not convenient for spending it ?
You understand this vault has a cost right ?
You understand someone know how to open than vault right ? (without force)

You may not know, but there are ways and drugs that will make you do anything even against your will.
842  Bitcoin / Bitcoin Discussion / Re: Main disadvantage of Bitcoin and the others on: July 20, 2012, 03:58:27 PM
Quote
If your goal is to make bitcoin as anonymous as possible by default, then why not work on a project for the average user that would do that for them?
That thread, you may find interesting.
https://bitcointalk.org/index.php?topic=94155.msg1042967#msg1042967
843  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 03:49:38 PM
Tracking tainted coins is already very challenging

Sorry but I always thought of this as a feature of Bitcoin and I will continue to see coin mixing as a non-issue for 99.99% of honest peoples and 99% of dishonest ones.

... Imagine in the future a naive user (your mom, your grandma) who is unaware of the technical details, and keeps receiving and sending Bitcoins always using the same and/or chained addresses.  Every time they buy something, no matter how trivial, they are potentially giving a determined snooper/attacker a window into all of their income and purchases since the dawn of time.  This is a disaster waiting to happen.  It will make life wonderful for criminals in countries (e.g. Latin America) where robbery and kidnapping and extortion are common. ...
Up untill the time Bitcoin is used by most mom-pop of this world it is more likely to be used as a tool facilitating extortion.
You're simply one step further away on that one and we're talking beyond 2024. By then most peoples will most likely be trusting secure 3rd parties for their everyday transactions.

You'd be surprised by how little interest there is in most grandma's banking history.
I wish we could be at the point were we teach them computer security basics but unfortunately it's hard enough explaining them they shouldn't put their life savings under their mattress.
844  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 03:35:21 PM
...I don't think you realize just how non-anonymous the current bitcoin client really is. ...
I mine coins, I announce it with my IP, I spend it.

I agree it's not anonymous because all Pools can leak information about their customers (miners), what IP sent X shares and where the payment for those was sent.  Next we learn it's possible route share through proxies.  Shocked

It's also not anonymous because all merchant can be hacked and all customers information leaked, Linking transactions with home addresses.

 Grin
845  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 03:20:57 PM
... by default ?

What's the benefits of participating in mixing someone else coins ?

Say 98% of users do not have anything to hide and would prefer all transactions be traceable for the benefits of discouraging bad behaviors ?

I would much prefer someone who stole BTCs to pay a fee to shameless mixer than to help him unknowingly.
I don't think you realize just how non-anonymous the current bitcoin client really is.  Most people would prefer that the amount of coins under their control not be so easily discerned from the block chain.  Do you walk around wearing a shirt that announces your net worth to everyone?  It has nothing to do with people engaged in what some may consider bad behavior.
For what you're asking for, there's MasterCard. Or how about you constantly request money to be sent at different addresses or pay a small fee for coin mixing if you're that ashamed of your net worth.

It had nothing to do with bad behavior, now it will.

Would you really want Bitcoin be associated mostly with evilness ?  Could be profitable, but I would wait until we're crunching around 500 petahash/s.
846  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a hackers dream on: July 20, 2012, 08:03:58 AM
Hopefully Bitcoin teaches people personal responsibility. I doubt it, but one can dream.

It's so ridiculously easy to secure your own coins, if yours are stolen, you've made a mistake. This isn't blaming the victim, it's stating a fact.

The world is a harsh place full of people who will do whatever they can to get an advantage. This probably isn't going to change anytime in the near future, so the answer is to protect yourself.

Personally, I feel it's far easier and far cheaper to secure Bitcoins than any other asset I can think of. With some minimal effort you can raise the bar for wallet theft so high that it is practically impossible to have your coins stolen. I'm speaking of encrypted wallet fragments located in different physical locations under lock and key. I'd like to see someone hack that.

TL;DR: The Bitcoin user has the option to make his coins impossible to hack, for all practical purposes. A hacker's dream, I think not. A fool and his money are soon parted.

Sorry I don't buy the bolded parts.
The software part I agree can make it "virtually" impossible to steal, but there always is a physical and mental part that is near impossible to secure without high costs and high inconveniences.

A good way to make your coins practically impossible to steal is to send them to a random address...
847  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 06:48:46 AM
Quote
if coin mixing were built into the client, there would never be a need for anyone to use a coin mixing service, and thereby deliberately and identifiably participate in so-called "money laundering"

Most people see no problem in said "money laundering", because most of the money to be laundered is from drug trade and lots of people here are against the war on drug.

Laundering money of drug trade is not the same as laundering money of say "human trafficking" or "mass murdering".

To be honest if this feature would be removed I'd quit Bitcoin and wouldn't give it a long time before it get shut down.

The way it currently work also add value to newly mined coins, which add incentive for miners to secure the network.
848  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 06:19:13 AM
... by default ?

What's the benefits of participating in mixing someone else coins ?

Say 98% of users do not have anything to hide and would prefer all transactions be traceable for the benefits of discouraging bad behaviors ?

I would much prefer someone who stole BTCs to pay a fee to shameless mixer than to help him unknowingly.

Bad behaviors like what?  Donating to WikiLeaks and other politically incorrect causes?

Do we want Bitcoin to be a system that tracks taint of coins, or don't most of us share the consensus that the system as a whole would be better off without the notion of tainted coins, even if that means a few thieves will have an easier time getting away with their crimes?  For everything you're asking for, there's MasterCard.
Tracking tainted coins is already very challenging,  As a coin mixer would I bother to do research on every case of stolen coins and act as a judge on every cases,,, for say 50000$ worth of BTC ? probably NO.  But say there was a major heist of 500k BTC at a major exchange and the savings of tens of thousands of peoples were lost, putting the whole economy at risk. ?
Or say someone kidnapped some very important person and the life of many depends on finding who spent the coins ?

In those later cases I would rather accept the highest fee of whether the client or the affected peoples.  People who got stolen 50 000 BTC would pay a hefty bounty for any information leading to the culprit.

Sorry but I always thought of this as a feature of Bitcoin and I will continue to see coin mixing as a non-issue for 99.99% of honest peoples and 99% of dishonest ones.
849  Bitcoin / Bitcoin Discussion / Re: Automatic Coin Mixing Idea on: July 20, 2012, 05:55:36 AM
... by default ?

What's the benefits of participating in mixing someone else coins ?

Say 98% of users do not have anything to hide and would prefer all transactions be traceable for the benefits of discouraging bad behaviors ?

I would much prefer someone who stole BTCs to pay a fee to shameless mixer than to help him unknowingly.
850  Economy / Marketplace / Re: Intersango Exchange on: July 19, 2012, 07:44:48 AM
ಠ_ಠ
851  Bitcoin / Bitcoin Discussion / Re: Bitcoinica MtGox account compromised on: July 18, 2012, 07:25:23 PM
A lots of people asked that they continue refunds with what is left.  I am mostly against it, so far a lot of people have had 100% a lot have had more back that they had, some false claim were paid out, all of this was paid with some of my money.

It was found most all who has large account have not been paid their 50% even if their claim was marked accurate.
(we are a group of ~15 who had rather big account and got 0% back)

The large account that went paid 100% were a small select group with large account, I'd guess friend.

Having Patrick quit while he has done most of the refund work and may be the only one with access to the information about the process status is what sadden me the most.

The timing of the hack to the release of the code make it very likely that the hacker is well known.  It is most certainly someone who had prior knowledge of the vulnerability and after figuring out the code was out in public, decided to cash in.
852  Economy / Scam Accusations / Re: SCAMMER TAG: bitoinica on: July 18, 2012, 08:11:36 AM
I voted, "I don't care", and I'm owed a lot.
This thread isn't helping anyone.

I could come up with about 20 qualificatives to describe them, but "Scammer" is not one of them yet.
853  Other / Politics & Society / Re: LFTR and Market Failures on: July 17, 2012, 11:28:10 PM
Neutron bump.

This shit has always puzzled me, (Market failure...)
854  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: July 17, 2012, 08:38:49 AM
I fully expect BTC to break 9 US$ now people are officially going to be forced to take a 30-40% cut.
Whether you're posting in the wrong thread or you're not funny at all.
855  Bitcoin / Bitcoin Discussion / Re: Actual Bitcoinica Updates ... only (daily) on: July 17, 2012, 08:02:09 AM
This thread will not be updated daily anymore.

The people in charge are no longer posting relevant updates.

Gejix and Phantomcircuits went in some sort of vacation, they have stopped all work related to returning funds.
856  Bitcoin / Bitcoin Discussion / Re: Personal contribution of 5,000 BTC to affected Bitcoinica customers on: July 16, 2012, 04:24:02 PM
Sorry if this offends anyone but quit whining, I don't think you're grasping the fact that he had no responsibility to do this, he just gave out 5000btc from his own pocket. Let me know about the last time you gave out almost $40,000 to complete strangers and you can continue.

Thanks.
We're not complete stranger, if the intent was to give 5000btc in proportional relief to his past affected customers, I think it is unfortunate if it end up having affected people feel unfavorably treated once again.

Ps : Your comment did offend me.

I read your story and you are indeed unfortunate.

However, there was no record of you activating the claim, therefore your claim was not considered in the total. Everything has been done automatically and I'm sure that there weren't any manual errors or careless mistakes.

I'm sorry that I can't help you. ...

I could understand my comment wasn't taken into consideration if "Everything has been done automatically".  

But when reading: "there was no record of you activating the claim" ;
Well, I remember receiving the link shortly after, I remember very well visiting the link and remember even better my reaction when I saw the amount 0.00 owed. I thought "how can he tell us that info already, maybe it's because I didn't use my Bitcoinica email".  I couldn't believe you wouldn't read the comments.

I'll forget that 6%, buy wont forget the reason I got served.  

Ps : Hope the sympathy you'll receive end up being worth more than 5000kBTC.
857  Bitcoin / Bitcoin Discussion / Re: Personal contribution of 5,000 BTC to affected Bitcoinica customers on: July 16, 2012, 08:34:19 AM
Sorry if this offends anyone but quit whining, I don't think you're grasping the fact that he had no responsibility to do this, he just gave out 5000btc from his own pocket. Let me know about the last time you gave out almost $40,000 to complete strangers and you can continue.

Thanks.
Your comment did offend me.

We're not complete stranger, if the intent was to give 5000btc in proportional relief to his past affected customers, I think it is unfortunate if it end up having affected people feel unfairly treated once again.
858  Bitcoin / Bitcoin Discussion / Re: Personal contribution of 5,000 BTC to affected Bitcoinica customers on: July 16, 2012, 06:22:56 AM
Zhou, I've PM you my claim maybe an hours after you've asked for it,  I've also filled the form online very early on.

I did not knew how to write down exactly and wanted to be as honest as I could, I didn't knew if a position was considered a balance.

I've described my positions in the "comments" section.

I wish I could get a reply about my last 3 PM.

Thank you.
859  Bitcoin / Bitcoin Discussion / Re: Dear Bitcoinica Hacker on: July 14, 2012, 08:27:57 AM
You got it backward OP, let me reiterate...

How can 40k BTC + 18k BTC be untraceable or easily spendable ?

Why don't we instead agree to give the hacker an honest and untainted 30% of the BTC he moved ?
By honest I mean we know who he is, we know what he did, we're happy with it, and we respect him for both getting into your gox account and returning funds.
This "hacker" is a "somewhat" tech-savvy person that achieved something worth being rewarded for.


This is not a home invasion or a physical robbery, as much as some may hate it, if we get anything stolen because of a weak password or weak security policy then we should have no-one but our-self to blame.

I think this concept should be well understood by this community.
860  Bitcoin / Bitcoin Discussion / Re: Bitcoinica MtGox account compromised on: July 14, 2012, 06:55:10 AM
Quote from: self
How can 40k BTC + 18k BTC be untraceable or easily spendable ?

Why don't we instead agree to give the hacker an honest and untainted 30% of the BTC he moved ?
By honest I mean we know who he is, we know what he did, we're happy with it, and we respect him for both getting into your gox account and returning funds.
This "hacker" is a "somewhat" tech-savvy person that achieved something worth being rewarded for.

This is not a home invasion or a physical robbery, as much as some may hate it, if we get anything stolen because of a weak password or weak security policy then we should have no-one but our-self to blame.

I think this concept should be well understood by this community.

In all, I'm saying, It's not like the hacker stole BTC from a respected member of the community.

It was completely their fault for not securing enough.

Given what I said, If hacker don't agree to this, it is 90%+ likely an inside job.
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