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741  Bitcoin / Bitcoin Discussion / Re: Bitcoinica MtGox account compromised on: July 13, 2012, 11:49:31 AM
PS I have nothing in bitcoinia, just observing with disbelief.

Me neither. Sorry for everyone that was involved. It must be a sucky day to be the owner of bitcoinica.

But still..Bitcoin not in cold wallet? WTF MAN? This is basic bitcoin security 101.
742  Bitcoin / Bitcoin Discussion / Re: Bitcoinica MtGox account compromised on: July 13, 2012, 11:21:04 AM
WTF man? Why aren't the bitcoin stored in a cold wallet?
743  Bitcoin / Press / Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... on: July 12, 2012, 09:22:52 PM
All these face palm are really uninformative.
744  Bitcoin / Press / Re: 2012-07-12 notioncapital.com: "The Currency Cloud closes 2 million investmen.." on: July 12, 2012, 07:13:47 PM
So, wait, is this like Dwolla, but vaporware?

The site is real but I have no idea what it's supposed to do.
745  Bitcoin / Press / Re: 2012-07-12 notioncapital.com: "The Currency Cloud closes 2 million investmen.." on: July 12, 2012, 06:39:21 PM
Plus, this have nothing to do with bitcoin.
746  Bitcoin / Press / Re: 2012-07-12 notioncapital.com: "The Currency Cloud closes 2 million investmen.." on: July 12, 2012, 06:37:05 PM
What's the currency cloud?
Any similarities to bitcoin?
Could someone pls explain, the article is not very specific on it.

It sounds like they're playing business bingo to me.
747  Bitcoin / Project Development / Re: Thank you from BTCZone.com on: July 12, 2012, 02:21:59 AM
Fairly random assortment of items for sale it seems.
748  Bitcoin / Bitcoin Discussion / Re: Silk Road Busted? on: July 12, 2012, 02:17:08 AM
This is an uninteresting thread because they did not capture a silk road drug dealer, but a silk road user.
749  Bitcoin / Bitcoin Discussion / Re: Poll - What is your ultimate expectation for bitcoin? on: July 12, 2012, 02:06:48 AM
Expectation is not a 100% certainty. It's wide band of probabilities.
750  Bitcoin / Bitcoin Discussion / Re: is the "internet industry" opposed to bitcoin? on: July 11, 2012, 02:57:45 AM

Are you related to YCombinator? I am looking for financial support for my non-profit project.

I am not related to YCombinator.
751  Bitcoin / Bitcoin Discussion / Re: is the "internet industry" opposed to bitcoin? on: July 10, 2012, 08:38:21 PM
Some people really like established businesses.

I have this friend that's super smart, but all his ideas and investment proposals are firmly in the consumerist market - because he sees it as big, old and stable.

I think he gets BTC are safe and easy, but he correctly points out that the conversion fees to fiat and back are eating the advantage and that like all things BTC rely on faith which could be shaken in a financial crises like other things.

As a marketing man, he cannot imagine something growing on its own, let alone taking over the market economy or solving the chicken/egg problem.


Personally I believe humans are not like water or sheep; they will actively object to inflation and move to something better once they see the issue. Even if there is an upfront cost, because we are irrational and get pissed.
We can DESIGN the chicken and egg at the same time.

BTC has grown more in 3-4 years than ANY marketing campaign could have accomplished. Ideas really do take down empires. BTC needs a little work on services and software, but so did the internet 10 years ago.

Bitcoin doesn't just grow itself, ya know? The bitcoin community did some advertising campaign that put us on the map, such as the EFF donation drive and the animation bounty project. Those were just brilliant and the EFF campaign put us on the map, while the animation project help present bitcoin in a very slick manner.

I wish the community exert every fiber of their being on something cool and high impact again.
752  Bitcoin / Bitcoin Discussion / Re: is the "internet industry" opposed to bitcoin? on: July 10, 2012, 08:15:29 PM
The legal status of Bitcoin is the only reason why big players can not embrace Bitcoin. Persuading the average Joe to use Bitcon is therefore more important than persuading the Internet industry.


Remember, YCombinator invested in a bitcoin startup. If that bitcoin startup succeeded and makes YC shit load of money, everybody else in the VC community will rush like mad and get in. Of course, many venture capitalist will lost a lot of money over this, but it will put bitcoin on the map.
753  Bitcoin / Bitcoin Discussion / Re: why did trade hill give up? on: July 10, 2012, 07:53:42 PM
So only Dwolla's motion was dismissed not Tradehill's entire case?

Dwolla's motion lead to Tradehill's entire case to be dismissed.
Quote
This would make more sense to me, since I believe Tradehill will win the case. Although, I'm still confused as to why Tradehill or any other exchange based in the USA would allow custormers to use Dwolla, Paypal, Liberty Reserve, etc to fund their accounts. As far as I know, standard practice for RL brokerage firms is customer's bank account to brokerage's bank account and vice-versa.

Dwolla was supposed to be irreversible. Turn out, it is not.
754  Bitcoin / Bitcoin Discussion / Re: Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future ..." on: July 10, 2012, 07:51:44 PM
I hate reading some god damn thread and then have nothing of substance come out of it.  Angry
755  Bitcoin / Bitcoin Discussion / Re: is the "internet industry" opposed to bitcoin? on: July 10, 2012, 06:39:36 PM
Anybody remember wikipedia? Now, everyone like "meh".
756  Bitcoin / Bitcoin Discussion / Re: Is 'The Bitcoin Show' dead? on: July 10, 2012, 04:28:48 PM
If he's a scammer, how come he isn't jailed yet? Huh
757  Bitcoin / Bitcoin Discussion / Re: How liquid are large stashes of bitcoins? on: July 10, 2012, 02:54:58 PM
Problem with MtGox is their AML and KYC regulation. You can't just sell off your bitcoin, you gottach have your identity verified and mtgox gottach spy on you for da government.
758  Bitcoin / Bitcoin Discussion / Re: is the "internet industry" opposed to bitcoin? on: July 10, 2012, 01:08:23 PM
Plus, never forget the human nature of looking to authority for correct answers and we all know what and how they think..

If you have to think for yourself, it would take forever. Plus, there's limited memory space in your brain, so you can't know everything. What you do is rely on rule of thumbs, black boxes, and source of authorative knowledge(such as your parents). This have vast implication for humanity that people like to ignore when they build governments, corporations, and any kind of organizations.
759  Economy / Service Discussion / Operation Fabulous not actively developed? on: July 10, 2012, 12:57:23 PM
It seems that the new owners are too lazy to do anything with operationfabulous. They could at least hire a developer to update it and fix it up with new features or something. Also, they are not responsive to email. Some email I sent never get replied to.

Operation Fabulous is really a great service, and I hate to see it stagnate.  Cry

I would like to help improve their service, even if only I get paid very little.
760  Bitcoin / Bitcoin Discussion / Re: Just got hacked and lost 65 bitcoins on bitdaytrade.com on: July 10, 2012, 12:55:06 PM
I just recently enable 2-key factor authentication on all my online balance bearing account. Big exception is operationfabulous since they don't support 2 factor authentication.
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