... there's no sense in holding fiat at MtGox... MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now. i'm not going to ask if the MtGox EUR market is sperate from the MtGox USD market, because I fear my head will explode if i do They are not separate. https://support.mtgox.com/entries/20800336-Multi-Currency-Trading, which is why there may be some very interesting action in a few hours.
|
|
|
... there's no sense in holding fiat at MtGox... MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now.
|
|
|
Whoever has a ton of virtual cash on gox is fucked right now unless they buy bitcoins.
This all has a very familiar stench to a ponzi.
WITHDRAWALS: OFF DEPOSITS: ON
USD but not EUR. Just wait for a few hours. It is 4:00 am CET.
|
|
|
panic buy high sell low?
This can get very interesting when Europe wakes up as Euros can flow out of MTGox.
|
|
|
I would talk first with a trademark and copyright lawyer since I suspect both trademark and copyright infringement here. An initial consultation is well worth the money in these situations.
Options can be: DMCA notices, targeting search engines, hosting providers etc. based in the United States. Go after the domain name under the ICANN process for trademark infringement. Do some research: Who are they using as a payment processor both for Bitcoin and fiat? Who is their domain registrar? Who are their suppliers? This can be useful if you find a US nexus to go after for example in litigation.
PS: I found the service at the real Bitcoinstore to be excellent.
|
|
|
Didn't Google use some kind of tape to store their data, even today in 2013?
Those are tape drives, which are great for backups. But they are impractical to use because tape readers are rare. They are also subject to the same problem as VHS tapes: they deteriorate over time. Tape drives aren't that rare. Many businesses store data on tape because they're actually quite reliable. Unlike hard drives they don't have moving parts, plus they're EXTREMELY cheap. You can get a 1.6 terabyte tape for £15 over here: http://www.businessdirect.bt.com/products/sony-lto-ultrium-4-1-6tb-data-cart-4KNR.html?refs=56270000Although, tapes are restricted to mostly businesses, because the tape machines are really damn expensive. Floppies are one of the worst possible mediums for your wallet though, back on my old laptop, I had floppies that would gain bad sectors within a few days of writing something to them. They're highly volatile to data destruction just from normal use; plus floppy drives are uncommon now, my current PC doesn't even have a CD drive ( I usually use flash media for installing an operating system, and all my games come from services such as Origin and Steam. ) I would suspect a defective floppy drive on the laptop.
|
|
|
I use floppy disks both the 3.5in (1.44 MB) and the even older 5.25in (1.2MB) as part of my wallet.dat backup procedures. The typical wallet.dat size of a few hundred KB is actually at the floppy disks sweet spot. The one big advantage is that the technology is obsolescent. In short they can be read but it would take some time to get all the parts and configure the drives etc for an attacker. This is especially true of the older 5.25in floppies. This gives the owner of the bitcoins time to empty the wallet if the floppy is stolen or otherwise compromised making the 5.25in floppy in particular ideal for backing up an unencrypted wallet, private keys, decryption passwords etc.
Some things to keep in mind when working with floppy disks. 1) The drives are slow so be patient. Ejecting the floppy before it has finished reading / writing is one of the most common reasons for floppy disk and drive failure. 2) Keep the diskettes away from magnetic fields. A common source is unshielded speakers. For example the floppy is placed in a purse and the purse is placed next to a speaker in a car. 3) The older drives from the 1980's and early 1990's are best since they were built for quality. 4) With proper care they can hold data for decades. I have floppy disks over 20 years old that are perfectly readable today.
|
|
|
...
And for the record, the attack I am suggesting here does not just mean 'delete' but could also mean modify your bitcoin client.
Sure, everyone knows you *should* backup your wallet. But that is beside the point because if they could patch the client they could steal your coins brain wallet or not.
This attack has already been done by malware writers, on the Microsoft Windows platform of course. There is no need to patch the client. All that it needs is a key logger to capture the decryption password and an "evil" client to empty wallet.dat.
|
|
|
The risk here is very different with Microsoft Windows and MAC OS X than with GNU/Linux. 1) In the case of Microsoft Windows what the OP describes is very easy to implement, since the operating system is propriety software. It is easy to keep this quite until the date and time of the attack. The patch is included in a software update from the "trusted" vendor Microsoft and delayed in effect in order to maximize installation. With over 90% market share in the desktop the impact on Bitcoin would be huge (knocking out the vast majority of nodes for example) but not fatal (see (3) below). We must also keep in mind that since the advent of the DRM in Windows Vista https://en.wikipedia.org/wiki/Criticism_of_Windows_Vista Windows Administrators do not really have the equivalent to full root access since certain processes are "protected" in order to enforce the DRM as per the MPAA's etc requirements. The paper by Peter Gutmann is very relevant here. http://www.cs.auckland.ac.nz/~pgut001/pubs/vista_cost.html. The situation is getting way worse with Windows 8. It is fair to say that Microsoft Windows is the single biggest vulnerability for a centralized attack that Bitcoin has, and it is not just governments we have to be concerned about here. An attack by a criminal / terrorist organization that finds a vulnerability in Microsoft Windows is far more likely and could be equally harmful. 2) As for Mac OS X the attack under (1) is possible since again the operating system is for the most part propriety. The one difference from Microsoft Windows and also from its mobile cousin IOS is that it is not as infected with DRM at the OS Level as Microsoft Windows or IOS. Maybe an Mac Expert can clarify this but I do believe that root in Mac OS X is for real. So the attack is possible but harder and easer to defend against. Because of this and the low relative to Microsoft Windows market share of Mac OS X, I would consider the impact of Mac OS X here to be neutral. 3) GNU/Linux. The attack here is very unlikely because of a) The software is Free Software / Open Source so if a binary does not match the source code alarms will sound all over the place. There are literally hundreds of GNU / Linux distributions all over the world. c) Each component of the Operating System is maintained by thousands of different individuals, projects, corporations, and organizations all over the world, many of which have very radical and opposing views. Good luck keeping a secret to coordinate this among the likes of both Richard Stallman and Linus Torvalds for starters. The secret would be out long before any implementation so an attacker would find it in their best interest to limit themselves to Microsoft and its proprietary Windows operating system. The real question becomes will Bitcoin survive if most of the Windows users and nodes are knocked out? The answer is yes there are enough GNU/Linux users around to ensure Bitcoin's survival so the attack will fail. One possible consequence however is that some of the GNU/Linux users may become very wealthy at the expense of some Microsoft Windows users in the resulting panic. The best defence here is simply to stay away from proprietary software and operating systems when using Bitcoin. Here is a list of effective antidotes: http://prism-break.org/
|
|
|
I get a funny feeling this is the calm before the storm. Now as to which direction the wind will blow during the storm that is an entirely different question.
|
|
|
"The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way." - Milton Friedman
My point is that looters won't beat Satoshi. He is the man who said that he would stop the looters of the world.
And he did.
The notable exception is of course the Internet.
|
|
|
0.03 BTC to 0.1 BTC.
|
|
|
A super bowl commercial for Bitcoin is my books a very strong sell signal. Why because super bowl commercials are very expensive and that money has to come from somewhere meaning either an inferior product, an over priced product or both and consequently a terrible deal for the customer. It is a very good sign that the real priority is marketing rather than innovation. Take for example the very famous 1984 Apple commercial that was aired in the super bowl in 1984. http://www.youtube.com/watch?v=r3EbwSOpw_A. Easily the most famous super bowl commercial of all time. Where was the real innovation happening in 1984? 1) An obscure hacker called Richard Stallman who started the GNU project and invented copyleft software licensing with the GPL. The led to the Free Software / Open Source movement and the basis for a multi billion dollar industry in software and in services over the then obscure Internet 2) An obscure software company called Microsoft that within a decade would become a household name, the world leader in propriety software and have its products in over 90% of the world's personal computers. As for Apple within a decade it was on the verge of bankruptcy and basically irrelevant, and even further when Apple became a significant player over a generation later in mobile technology it also became the very same big brother straight out of George Orwell's 1984. The exact opposite of the message in the commercial. An iPad by the way meet all of the technical requirements of the telescreen. When it comes to super bowl commercials take a good look at the competition because that is where real innovation is happening, also consider that the reality for the advertiser's customers will be the exact opposite of the message been portrayed in the commercial.
|
|
|
I live in Canada and am anxiously awaiting my batch 3 Avalon ASIC. To those who have received one in US or Canada, did Customs charge you a ridiculous amount upon delivery?
I recently ordered a $200 item from China and Customs charged me a 17% fee. I'm hoping that I'm not faced with a $1000 charge when this thing comes in.
Let me guess 5% GST and 12% in "brokerage" and other charges payable to the courier company not customs. The way to avoid a ridiculous "customs" charge on small items is to never use a private courier for shipping. The worst I have seen is UPS who charged 50 CAD to "broker" 3.50 CAD of GST.
|
|
|
Surely more people should get on this? Without iPhone support it will never reach the masses. A quick easy way to pay on mobile seems to be the future of bitcoin. Without Apple it's very limited.
It could easily be a complete waste of time. Why would anyone spend the time and effort to develop Bitcoin iPhone apps only to have Apple censor them? In any case iPhone is fast loosing market share to Android. Bitcoin will reach the masses in mobile payments in-spite of Apple's censorship; however Bitcoin may take down Apple in the process. All that is needed to some limited support for jailbroken IOS devices. The market will take care of the rest.
|
|
|
Despite the website looking like something from the 80s Which is a good thing. I'm sick of all these morons who just finished some course on web design and wanna show off their "skills" and then fill their web sites with all kinds of applets, flash, Java, etc., and the sites end up not showing correctly on a lot of browsers. Unless needed because of their specific purposes, sites should stick to basic, 100% compliant HTML as much as possible. I write all my sites on PSPad, by the way. They may look simple but they work for everyone. If 10% of viewers have trouble viewing your web site, that means 10K less users out of 100K visitors. OK, I've vented it all out now, feeling much better. +1
|
|
|
1% per day sounds like pirateat40 and we all know what happened there. In a sustained BTC bear market such as the one in the fall of 2011 it may be possible to pay 1% a day in BTC terms for a few months simply by holding US Government T-Bills. Once the bear market ends as it did in 2012 then the short squeeze will be brutal and will likely end in default and the investors loosing all their BTC.
If one believes that the BTC price will fall then selling and lending the resulting USD, CAD, EUR etc to the state for a few months is a way safer option. If one is right then the return in BTC terms can be better than 1% a day. If one is wrong then at least the credit of the state is going to be way better than that of some pirateat40.
|
|
|
So do you need a particular iphone/Andriod app for that? Or is it a case of scanning a barcode and sending the relevant amount from a web wallet such as Coinbase?
Any Windows Phone equivalent app?
Apple has censored Bitcoin and I would not be surprised if Microsoft does the same given the direction they are heading with Windows 8 RT and "secure boot". The best choices are Android or a phone based on a GNU/Linux OS such as Ubuntu that cannot be censored by some multi-national corporation.
|
|
|
The client and the p2p network is not dependent on domains but all the exchanges, forums, bitcoin casinos are dependent. What would be if the domains bitcointalk.org, mtgox.com, bitcoin.it, blockchain.info, bitcoin.org and another 20 bitcoin domains would be seized ?
Then they would open up under non-US controlled domains. Are the seized domains CENTREGOLD.CA, MONEYEXCHANGE.VN and SUPERCHANGE.RU under US controll ? If the Russian, Canadian and Vietnamese domains are under US control then may be every domain is so. whois CENTREGOLD.CA Domain name: centregold.ca Domain status: registered Creation date: 2007/02/21 Expiry date: 2015/02/21 Updated date: 2013/06/08 Registrar: Name: DomainsAtCost Corp. Number: 45 Registrant: Name: Centre Gold Limited Administrative contact: Name: Slava Dulikoff Postal address: Box 276, 130-8191 Westminster Highway Richmond BC V6X1A7 Canada Phone: +1.6046828059 Fax: +1.6046828059 Email: 7ic-qsxnm66e@namesproprivacy.caTechnical contact: Name: Slava Dulikoff Postal address: Box 276, 130-8191 Westminster Highway Richmond BC V6X1A7 Canada Phone: +1.6046828059 Fax: +1.6046828059 Email: 7ic-qsxnm66e@namesproprivacy.caName servers: dns.domainsatcost.ca 54.236.127.131 dns2.domainsatcost.ca 38.117.90.157 % WHOIS look-up made at 2013-06-08 19:10:34 (GMT) % % Use of CIRA's WHOIS service is governed by the Terms of Use in its Legal % Notice, available at http://www.cira.ca/legal-notice/?lang=en % % (c) 2013 Canadian Internet Registration Authority, ( http://www.cira.ca/) This does not look like a seizure by any US government agency furthermore the US government does not meet the Canadian requirements in order to register a .ca domain. so even if they seize it they would not be able to hold on to it.
|
|
|
|