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241  Other / Off-topic / Re: Nothing of importance on: November 21, 2012, 11:43:41 AM
1995? People born after the nineties can already type? Gosh, how time flies..
1995? damn kids, im old.

Hahaha, feeling the same. Also, this is only my 100th post, despite I came here every day for some 10 months already. Perhaps I'm overzealous with my motto "Better to remain silent and be thought a fool than to speak out and remove all doubt." Cheesy
242  Economy / Securities / Re: GOOD NEWS! GLBSE is sending out shareholders data on: November 21, 2012, 11:25:21 AM
I made the offers privately already, but it bears repeating - I am offering assistance to all MPEx passthrough operators. Let your shareholders exchange their GLBSE stock for the real stuff on their CoinBr.com account Wink They will be happy to be able to trade it at time/price that suits them and you'll avoid the payouts hassle.
243  Economy / Currency exchange / Re: New bitcoin trading website on: November 20, 2012, 11:07:44 PM
Since you're using GPG already, why don't you come to #bitcoin-otc to build reputation and seek new clients?

Plus, visibly listing supported fiat transfer methods and fees would help.
244  Economy / Lending / Re: Looking for investors on: November 19, 2012, 08:25:20 PM
Hello,
I am currently working as a freelancer and project manager on other projects and making some money but I have my own bitcoin casino and the skills to finish it, I am looking for people who are ready to collaborate or invest in my project as I believe it has great potential, PM me your Skype so we can discuss this more in depth.
Regards, Max.
If I understand the bolded text correctly, what does stop you to finish some public alpha/beta and then seek investors? Or at least show your portfolio. I guess you have neither and I'm just wasting my time here.
245  Bitcoin / Wallet software / Re: BitcoinSpinner on: November 19, 2012, 06:53:40 PM
Hello,

my phone came from warranty repair with replaced mainboard (= completely wiped), I upgraded it to android 4, reinstalled bitcoinspinner and restored it from backup. Now all looks fine, only the "Send Bitcoins" stays always disabled, no matter what amount I put in.

Version 0.7.3b
System version: 4.0.4
Good to hear that your bitcoins survived a mainboard replacement. I haven't heard about the Send button being permanently disabled before. Try and restart BitcoinSpinner (it is not enough to exit the application). You can stop apps somewhere in system settings, or alternatively restart the phone. Let me know whether that helps.
I have restarted the phone, however problem persists, did a screenshot. After I reinstalled bitcoinspinner and restored the backup, the button worked until the moment i activated hardware keyboard. Since that it doesn't work anymore again. I'm using sony xperia mini pro with qwerty hardware keyboard.



And I have a question: Seems like the old mainboard was not dead completely, perhaps only battery management circuits failed. If I connected the phone to a PC, it did detect it. In this situation, would someone examining the board be able to extract the private key? If yes, it would be worthwhile to add passphrase encryption to bitcoinspinner.
If you have access to the mainboard and the right skills/equipment I am pretty sure that you can get to the keys. However, encrypting the keys with the 6 digit PIN doesn't really help, as brute forcing it is trivial. Having the user enter a very long passphrase on a phone is not feasible (you need about 128 bits of entropy), and people are notoriously bad at choosing "safe" passwords.
If you use BitcoinSpinner to store more coins than you are comfortable loosing from a physical attack I suggest that you have two different backup QR-codes. Switching between them is as easy as scanning a QR-code. Once you scan a different backup the old keys are overwritten.
This is what I do myself, and it works really well.
I meant the server can verify pin code and enforce delays if there are too many unsuccessful tries.
246  Bitcoin / Wallet software / Re: BitcoinSpinner on: November 18, 2012, 07:51:17 PM
Hello,

my phone came from warranty repair with replaced mainboard (= completely wiped), I upgraded it to android 4, reinstalled bitcoinspinner and restored it from backup. Now all looks fine, only the "Send Bitcoins" stays always disabled, no matter what amount I put in.

Version 0.7.3b
System version: 4.0.4

And I have a question: Seems like the old mainboard was not dead completely, perhaps only battery management circuits failed. If I connected the phone to a PC, it did detect it. In this situation, would someone examining the board be able to extract the private key? If yes, it would be worthwhile to add passphrase encryption to bitcoinspinner.
247  Economy / Lending / Re: Lets discuss "Bitcoin Investment Club" on: November 18, 2012, 05:26:37 PM
What should one imagine under "Bitcoin Investment Club"? Something like venture capital?
248  Bitcoin / Project Development / Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE on: November 18, 2012, 03:08:48 PM
At the very minimum you get MPEx signed receipts, so you can clearly prove what happens, rather than the situation here where the site does something,

Ehm... Suppose there is a connection problem and you DIDN'T get a signed receipt.

Now what, can you prove that you HAVEN'T got it? You don't even know whether server registered your trade or not.

Do you know a story about Byzantine Generals? Look it up.

BTW trade via colored coins will be Byzantine fault tolerant in some way (due to use of Bitcoin protocol which is Byzantine fault tolerant), while simplistic HTTP-based trade won't be, ever. (Not that it matters that much, but it's nice.)
You miss the point. The Byzantine generals situation would be akin to completely cut. communication, no technology will help here. And colored coins are still vulnerable to doublespend attacks if not done properly. GPG has years of development and fixes behind it and allows for immediate verification without waiting for blochchain confirmations.

In case of MPEx, you are supposed to issue STAT call to verify your order whereabouts, you get signed response for that as well. Alternatively, all orders are shown in public market depth data and all trades go to twitter.. So this problem is practically solved,  you do have tools to get the information beyond doubt. It will be better to ask such transparency from other exchanges instead of waiting for some colored coins wonder that will supposedly solve all problems.  
249  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: November 17, 2012, 07:25:56 PM
This MPOE-PR has gone too far. Claiming that their options exchange is the largest bitcoin business, false accusations to ICBIT to proof that MPOEX is the biggest exchange and ICBIT is scam, now attacking everyone else.
If you and your users are completely content with fact that neither you nor them can in retrospect satisfiably verify whether some order actually took place or not, then I understand requiring such high standard makes you nervous and you feel attacked. Correctly using GPG can alleviate such problems in many situations and thus makes scammers incomfortable. Please don't take that personally, I don't mean to insinuate you at all, I don't use icbit either. Just my 2c.
250  Bitcoin / Press / Re: 2012-11-17 ftd.de - Financial Times Germany - Front page story on: November 17, 2012, 04:40:58 PM
Coooool.  Too bad I can't read it though Smiley
Hehe, to this point I was thinking you're Dutchman, had to look closer on your blog. (German and Dutch languages are close enough).

Anyway, my German knowledge was sufficient enough so that I could thoroughly enjoy teh article.
251  Economy / Securities / Re: [MPEx][BTCJAM] Investment loan on: November 17, 2012, 12:03:04 PM
Incidentally, what happens if the listing isn't fully funded?
It will succeed when 70% or more of total amount will be funded by November 23rd. Only 6 more BTC is needed to reach that atm. Otherwise, loan will be canceled and btcjam will return all funds to depositors.

On a side note, I wonder whether btcjam did at least rudimentary usability tests, many things around the site are so unclear. For example it looks like I'll have to repay it on December the 1st (and I'm calculating with that), but the "15 days" term causes confusion around it. The exact dates should be clearly visible. Oh and my WoT rating is still not right despite I asked them to fix it, too...
252  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: November 15, 2012, 11:22:59 PM
It boils down to this - decide yourself whether you want to tie your reputation to

a) something designed and used by cryptographers that even after worst compromise can be revoked

or

b) to some forum/website where you have to trust admins, moderators, VPS provider and God knows who else.

I don't see how in any way Joe Sixpack invalidates this consideration. GPG isn't so hard to learn even for him.
253  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: November 15, 2012, 10:01:33 PM
And where does the "k" come from?

The k factor comes from the specified nature of the business (ie, BTC business). In order to be able to offer BTC business you must at a minimum be able to correctly and safely handle payments. This is a cost, in an actuarial view of the world (in the sense it is a risk you undertake, and all risks can be viewed as costs).

A traditional business doesn't one day wake up to discover that Linode was hacked and so now they have to make good on about twenty thousand dollars they thought they had safely but, as it turns out, are gone (like slush was, back in the Linode "hack" or whatever it was).

Thus, by simply starting a BTC business you are already undertaking some risks, and so are sinking in some costs. This k starts out high (but not really that high, it's likely under 100k in all cases - which makes it negligible in comparison to regulatory and compliance costs in most real-world situations) and tends to zero over time. In the case of most established businesses it may be considered no longer a significant stand-alone factor (mostly on the theory that a business past the break-even point is breaking even on all its costs, not just some selection).
True, it's not far from how much worth of my time I sank into coinbr for it to be able to use keys away from filthy VPSes and have reliable bookkeeping.
254  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: November 15, 2012, 08:57:39 PM
Okay, it's not a crime. It's just the first step down the road which brings pretty much 9x% to crime within six months to a year. So, here are some simple easy steps for your convenience.

0. Starting a bitcoin business is a liability. The first thing you need to understand, and you need to understand it well. At sixteen hundred hours while you were sitting around your living room scratching your ear you were worth X. Your life, your ideas, your business, the shit around your house that you own, all that which makes up your life, added together, worth X. At sixteen fifteen, eight minutes after you had started your Bitcoin business you were worth X-k, where k is always positive and SIGNIFICANT. Starting a Bitcoin business is a liability, it makes you worth less. In fact, all the rest of your life in Bitcoinland will be attempts, more or less successful, to limit and reduce that liability. This is the outlook you must have not in order to be successful, but in order to have a shot at it. This is the outlook you must have in order to not guarantee failure.
I understand (and actually happened to do) most of that stuff, but these two points elude me. Are you trying to say that most of us will soon become criminals? And where does the "k" come from? From prospective necessity to hire lawyers? How much is it, for example, in case of MPEx? Funny that Mircea forgot to mention anything like that in his truly exquisite MPEx market value calculation.

255  Economy / Securities / Re: [MPEx][BTCJAM] Investment loan on: November 12, 2012, 11:59:34 AM
Quote
Borrower Reputation87%
Positive:   14    Negative:   2

How did you get that?!

It's imported from #bitcoin-otc WoT (EDIT: but the import was rather botched, though).
256  Economy / Securities / [MPEx][BTCJAM] Investment loan on: November 11, 2012, 08:08:14 PM
Hello, I'm raising money for 2-week investment into MPEx in the form of fixed-interest loan. I do my utmost to establish my credibility and loan security  here: https://btcjam.com/listings/517 . It's also a bit of an experiment to offer alternative to investing in MPEx via my coinbr.com brokerage and it may eventually be repeated later if successful.
257  Economy / Economics / Re: Are we genetically programmed for Bitcoin economics? on: November 10, 2012, 11:27:29 PM
Sure, sorry I didn't mean to offend. Let me explain my comment, the fundamental principles of economics are derived from logic, and that logic is best expressed in the Austrian principles of economics. The principals generally described as Keynesian are more of a social science a type of dogma.

I inadvertently compared dogma and logic and over generalized, I am sorry if I upset you.   

While I am a designer (a commercial artist), every action I take, is affected by macroeconomics, and without prejudges I can totally understand other fields of economics unrelated to macro economics being influenced by macroeconomic dogmas. 

I hope I don't seem fundamentalist but given the luxury of history, general knowledge, deductive reasoning, I can't reconcile genetics and economics without the use of dogmas. 

It's hard to tell whether anyone on this topic is actually serious Cheesy Anyway, let me reply:

1. It would make much more sense to start with hypothesis that Bitcoin economy is programmed by our genetics, and that can be actually confirmed by observation. Trying to see it in the other direction it doesn't make sense to me at all.

2. Even if fundamental principles of economics may be derived from logic (I disagree, but that's another discussion), human minds are not fully rational. They evolved to deal with natural phenomena and only during several last tens of generations we start to adapt to using maths and money in our decisions. For example how much of our decision making can be illogical I recommend a book like Thinking, Fast and Slow by Daniel Kahneman.
258  Bitcoin / Hardware / Re: Are ASIC's the endgame? on: November 10, 2012, 11:02:51 PM
If someone finds someway to reduce the work by for example 20 bits it would be a million times faster.
That trick could work for all current technologies, cpu/gpa/fpga/asic.
But keep in mind, the trick would be something many cryptographers haven't found yet. So personally I would bet on quantum computers.
This is actually very good comment and such thing is already researched: http://en.wikipedia.org/wiki/SHA-2#Cryptanalysis_and_validation . Even if it does not endanger full SHA hash function yet, it is really possible someone soon figures out how to use these "meet-in-the-middle preimage attacks" to reduce the work by at least few bits. I'm sure there are people hard thinking about it already.

EDIT: And it does not mean it will necessarily work for all technologies. If it will need gobs of parallel computation, FPGA/ASICs are way to go. If it will rely on accessing terabytes of memory (think rainbow tables), CPU will suffice.
259  Economy / Services / Re: Drawing contest, win 5 BTC on: November 10, 2012, 09:11:47 PM
The winner is rini17 - please post your addy. Honorable mention for kakobrekla. Thanks everyone!

Wow. My addy: 1EXeDPMG5M5imDpaX5znAk3JFx36bVpWaT
260  Economy / Lending / Re: §§§ Bitcoin Lending Thread - Currently 0 BTC available @ 9% per month on: November 10, 2012, 12:33:42 AM
I don't have so many forum posts (I really dislike BS Smiley ) nor proof of gainful employment (I'm unemployed and proud entrepreneur for almost 1 year now), but we managed to reach agreement on collateral + escrow to a trusted party, so I could get a loan of 65 BTC due on December 1, 2012. Thank you!
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