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1  Economy / Auctions / Re: Domain bitcoinwallet.id FOR Sale on: March 21, 2015, 07:45:36 PM
but but but..... bitcoinwallet.com sold for 6 figures!
2  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:44:40 PM


Using blockchain.info properly doesn't compromise the security of the private key. I have a private key that I have imported in nearly all wallets I have and it constantly has double digits of BTC on it. Still not stolen.

I don't think you know how BCI wallets work.

Yes it does, a secret is only a secret if 1 person knows about it, when 2 person know about it its already compromized.

The mere fact that it's on an online service makes it compromized. Sure its segregated and all that stuff, but one day they could turn scam and start looting big addresses 1 by 1.

But for 2 digits BTC is guess its ok if you trust them so much. For 3 digits BTC, i would definitely not use them though.

Also Blockchain.info has already beed hacked numerous times lately.

This settles it. You don't know what a blockchain info wallet is.

They DO NOT have access to your private keys....
3  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 07:40:17 PM

That is just plain stupud. Investing a small amount first to see how it does is the reason that most ponzis get so successful. They do indeed give a payout on the small investments and bail with the big ones.

Intelligent investors will never invest in such shit in the first place and will invest in things with real businessplan and a proven trackrecord.

Assumptions..

Who said anything about ponzis here?

I was saying about any investment. From your own perspective it's always better to just put your finger in the boiling water than to jump in it.

Even if it says about itself that its a legit service you can never know who is a scammer, so by default investing small amounts in something is better than large amounts.

Intelligent investors dont throw around 26.000$ worth of BTC to unaccountable people, even if they promise the stars for them.

Dumb investors will put their entire life savings in a get-rich-quick scheme, and then cry about it later when they lose it all.

If you have a 5 M USD portfolio of cryptos that you want to invest into related businesses and services, then you won't go around doing 0.1 BTC investments...

Also anonymity doesn't equal unhonesty. bitmixer.io is basically the oldest existing mixer. Or would you argue that its risky to invest money at a site that dooglus manages?
4  Economy / Speculation / Re: I have USD 2000 to invest. Should I buy Bitcoins or gold? on: March 21, 2015, 07:38:33 PM
...can hold upto 1 year


Uh, if your timeframe is <=1yr, neither of those makes much sense. Gold is a long-term hedge against a fiat collapse that somehow results in at least some of the world regressing to a gold-standard, and bitcoin is long-term bet on a new inflation-hedge digital-money asset-class plus growth of a new censorship-resistant global payment network (plus some probability that in a fiat-collapse people would find bitcoin more useful than other alternatives (like gold-backing a new fiat)).

It makes almost no sense to think about either on sub-year timescales.



The problem in the crypto scene is that most people here are novel investors and have no idea what timeframes are normal.

No sane investor would do a buy&hold strategy into stocks, if they need the money within 6 or so months. In bitcoin that is the daily business...
5  Bitcoin / Bitcoin Discussion / Re: Carve a private key into a stone? on: March 21, 2015, 07:36:46 PM
You could also carve a private key into amber (a fossilized resin) which has preserved insects, sometimes for millions of years. Sadly if heated above 200 C (392 F), amber suffers decomposition, but I doubt it weathers as badly as stone. Here's a picture of an ant preserved in amber.


Lol, actually an USB pendrive with your bitcoin wallet.dat file inside an amber fossil would look really cool.

But isn't very secure. Most people lose their keys/wallet sometimes in their live.
6  Economy / Exchanges / Re: BTER.com hacked| 7170 BTC stolen |DON'T KEEP YOUR MONEY ON AN EXCHANGE| REOPENED on: March 21, 2015, 07:36:02 PM
The trades are almost frozen now, trading activity is next to nothing (though withdrawals and deposits are working like a charm). I'm gradually moving my coins elsewhere, right now it is sheer waste of time and opportunity to sit at bter.

I would not hold coins there either. Just too risky after what happend. And there is no upside, as most markets exist on other exchanges too.
7  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:33:56 PM

Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.

How was i reading wrong? And why you say "he", i was quoting you man, why you talk about yourself in the 3rd person.

You said that export-import from circle to blockchain.info, and i explained why thats not a good idea.

Where did I write this?

You are reading into things... I said that you can export the private key from your OWN wallet, not from circle. You can't export shit from circle.

Ok i was generalizing then. Forget about Circle, but it can be the same for any wallet. Never compromize the private key with 2 services, that is the point i was trying to make.

Even if it's your own wallet, why would you want to share that private key with Blockchain.info or other sites, when you arleady have it secured on your PC?

Isn't it better to pay a damn 0.0001 BTC, then to compromize the entire address with a 3rd party?

Using blockchain.info properly doesn't compromise the security of the private key. I have a private key that I have imported in nearly all wallets I have and it constantly has double digits of BTC on it. Still not stolen.

I don't think you know how BCI wallets work.
8  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 07:31:56 PM

The amount of investment is irrelevant to the chance of that person running away. I'd say for many things a higher investment makes it even unliklier that a person vanishes, because the amount of money he can gain from the investments is enough to make a living. A site that accepts microinvestments will most likely be only a hobby.

That is nonsense, you dont look from their perspective you look for your pespecitve. A street hustler can steal the same way 1$ like Bernie Madoff stole millions of $.

The question remains which hurts the most losing 0.001BTC or losing 100BTC.

Also dont underestimate the scammers around bitcoin. Even if he can make a fulltime income with it, he can still run away with it if there is no way of detecting his identity.

Also running a microinvestment site can be profitable aswell if enough people invest in you, and even if it turns out as a scam, the individuals lost much less / capita , than if it were a closed investment with 10 people investing 100BTC, the /capita loss would be big.


Yeah but how many micro investments sites do have a valid business modell as bitmixer.io has?

And the point still stands that 100 BTC for one person might be equal to 0.1 BTC or something of another person.

Absense of evidence is not evidence of absense.

Also you fail to understand the point, its not about rich people investing vs poor people investing, its about everyone who invests, first should check its risk tolerance. A rich guy should also invest 0.1 BTC on its first investment just to see how it turns out, no sane guy just throws money wildly, you see no billionaire do that, they are precise and careful.

If you think that gambling 100 BTC is the same than carefully planned investment with risk analysis, then your are very wrong.

That is just plain stupud. Investing a small amount first to see how it does is the reason that most ponzis get so successful. They do indeed give a payout on the small investments and bail with the big ones.

Intelligent investors will never invest in such shit in the first place and will invest in things with real businessplan and a proven trackrecord.
9  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:27:43 PM
You are reading into things... I said that you can export the private key from your OWN wallet, not from circle. You can't export shit from circle.
10  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 07:27:06 PM

Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.

How was i reading wrong? And why you say "he", i was quoting you man, why you talk about yourself in the 3rd person.

You said that export-import from circle to blockchain.info, and i explained why thats not a good idea.

Where did I write this?
11  Other / Meta / Re: Activity & new membergroup limits on: March 21, 2015, 07:22:18 PM
In theory, if you were to monitor when enough users are promoted to legendary status, it would be possible to reverse engineer what the secret seed is (you would however need to take into consideration that the required activity for each member may not be divisible by 14), although it would probably take more effort/work then it is really worth.

If you can find the secret seed by looking at when people are promoted, then you've (more-or-less) broken SHA-1's preimage resistance. This has never been done before, so if you do it, you should probably publish a paper about it. Smiley
This will probably show my newbieness in the world of encryption and cryptography.

If I have many examples when one out of two variables is known and the other is unknown and the output is always the same, then I would think that it would be possible to determine what the unknown variable is. I would think it would be similar to figuring out the private key that was created using a weak RNG.

I would think that someone would essentially use some level of computing power to "guess"/hash what the secret seed is based on the above known variables.

I was under the understanding this is why bitcoin related gambling sites generally have their server seed expire after (usually) 24 hours and have their 'rolls' result in a number that is 4 digits (usually two before and two after a decimal).

Although after reading a few wikipedia articles, a few stack exchange answers, and the beginning of a paper (it quickly became more advanced then what I could understand so further reading would have been futile), it sounds like my theory is incorrect.

The problem is SHA-1 is in a universe of incredible big numbers. So basically no matter how big your sample is, you will not be able to narrow it down to THE key.
12  Economy / Gambling / Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC on: March 21, 2015, 06:06:35 PM
When i was watching that hufflepuff run it seemed kinda unreal at the time but must of been really hard to judge since highrollers can do crazy stuff like this.
Hopefully this doesnt happen again, or primedice will bust hard

hufflepuff is actually playing smart by actually losing few rolls and making it looks like he was indeed "lucky" but the fact is robinhood = hufflepuff, stunna confirmed this , robinhood actually play and win alot and keep on hitting the winning streak is actually a warning for PD that the exploit is still can be use, and i believe now stunna actually has patched this up making it unavailable to use the same trick

Hufflepuff's playing certainly had me convinced it was legitimate.  I understand if somebody finds an exploit, they'd want to make it look like they were playing legitimately, but Huffle's playing was a bit beyond that!  Even in his early days when he'd just do single 20 BTC wagers at 2x, those were only done sparingly, maybe once a week?  Made it seem like he just got lucky.

Dude was definitely smart.

Ah, I knew it!!! There is no way HufflePuff could win like that legitimately. "Dumb luck, my ass!". I said that when I watched him playing.

Luck is increadible subjective.

Variance is very powerful and just observing something without actually doing the math will basically tell you nothing.
13  Economy / Currency exchange / Re: Looking buy some btc to skrill or neteller. on: March 21, 2015, 06:04:04 PM
what kind of vig do you offer and can anyone from the pokercommunity vouch for you?
What do you think ? I can't understand what is you said ?

Then I probably can't sell to you Wink
14  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 06:03:31 PM

The amount of investment is irrelevant to the chance of that person running away. I'd say for many things a higher investment makes it even unliklier that a person vanishes, because the amount of money he can gain from the investments is enough to make a living. A site that accepts microinvestments will most likely be only a hobby.

That is nonsense, you dont look from their perspective you look for your pespecitve. A street hustler can steal the same way 1$ like Bernie Madoff stole millions of $.

The question remains which hurts the most losing 0.001BTC or losing 100BTC.

Also dont underestimate the scammers around bitcoin. Even if he can make a fulltime income with it, he can still run away with it if there is no way of detecting his identity.

Also running a microinvestment site can be profitable aswell if enough people invest in you, and even if it turns out as a scam, the individuals lost much less / capita , than if it were a closed investment with 10 people investing 100BTC, the /capita loss would be big.


Yeah but how many micro investments sites do have a valid business modell as bitmixer.io has?

And the point still stands that 100 BTC for one person might be equal to 0.1 BTC or something of another person.
15  Other / Beginners & Help / Re: INVEST BITCOIN!!! on: March 21, 2015, 05:52:08 PM

You have a really narrow world view. Just because some amount of money is big for you, it must be for everyone else?

An investment is not good or bad depending on the amount invested. I bet most of your 0.001 BTC investments are worse than this particular 100 BTC investment in terms of expected ROI and risk.

Yes my world view is really narrow because i dont give out 26.000$ to complete strangers which have no accountability and cant be caught if they run away with it...

The first rule of investing is risk control and that means that you must know the investment and the trustfulness of the owners before putting a dime in it.

Risking 0.001 BTC it wont make you rich, but it is for testing purpose, to see if they pay you or run away with the money.

The amount of investment is irrelevant to the chance of that person running away. I'd say for many things a higher investment makes it even unliklier that a person vanishes, because the amount of money he can gain from the investments is enough to make a living. A site that accepts microinvestments will most likely be only a hobby.
16  Other / Meta / Re: Activity & new membergroup limits on: March 21, 2015, 05:50:20 PM
-snip-
Sorry, I found it. But still, you need to know how to read this code ...

-snip-
Code:
update smf_members set ID_POST_GROUP=21 where ID_POST_GROUP=8 and
activity>=775 and activity>=775+conv(substr(sha1(concat(ID_MEMBER,
secretSeed)), 1, 2), 16, 10);

The required activity level per user is suitably random for betting, but anyone who can read my code (there are a few such people) will be able to exactly predict when someone will become Legendary, so I don't really recommend it.

The problem is that we dont know what the "secretSeed" is, thus a proper prediction on the exact result in only available for those that have access to the full code.



We just need to pay off some mod. Question is if that secretSeed is account specific or global.

I think I saw that it was specific for each account (but I may be mistaken).
The exact amount of activity required to become legendary varies from user to user, however the secret seed is global.

In theory, if you were to monitor when enough users are promoted to legendary status, it would be possible to reverse engineer what the secret seed is (you would however need to take into consideration that the required activity for each member may not be divisible by 14), although it would probably take more effort/work then it is really worth.

IIRC there was this exact discussion already. Theymos said that the seed has too much entropy to be reverse engeneerd. One more point is that you can't see when someone gets promoted, activity jumps by 14 points.

Even if you found a secretseed that matches the past results of all accounts, it doesn't say anthing about future accounts because there are an incredible big number of seeds that would match.
17  Economy / Speculation / Re: Do whales harm themselves with the dumps? on: March 21, 2015, 05:46:49 PM
I think it does. The technology is already developed what it needs now is adoption.

Just my opinion. What do I know.

Bitcoin code is evolving every day. Just check the Github for commits for example. Also the services aroudn bitcoin is what will make it successful or not. the price is just a function of the adoption. Not vice-versa.
18  Other / Beginners & Help / Re: How many confirmations until i can re-send the money on: March 21, 2015, 05:45:04 PM
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

Yes but then he compromizes the security of the wallet.

Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.

It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.

What are you talking about??? Sending a transaction doesn't reveal your private key.

No i was talking about importing your circle private key into blockchain.info, if one of those services goes to be a scam, then it compromizes the private key.

For example if blockchain.info were to go a scam, if you import your circle address there then it would be pretty nasty.

It's like using the same password on all internet websites, if 1 service is fake and scammy then all of it is compronized...

For now both of those wallets are honest, but who knows what the future holds.

Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.
19  Economy / Speculation / Re: Do whales harm themselves with the dumps? on: March 21, 2015, 05:44:03 PM
Oh and to answer OP more specifically:
Most big players in bitcoin trading do not care about the bitcoin technology, which saddens me being a bitcoin enthusiast myself.
They will just keep pumping and dumping, leeching more and more money out of the market. That is also one of the many reasons we keep seeing lower prices.

How will this end? No one knows...

Trading has nothing to do with the technologie anyways. One is a financial decision, the other is a technical innovation.

Please show me how your argument is relevant.
Well OP asked how the big players in trading are not concerned with hurting bitcoin by pumping and dumping. That's why I addressed these big players, for the most part, do not care about bitcoin at all. And I believe the pump and dumps indeed hurt bitcoins image and the likelihood of this technology going mainstream.

The thing is, that Bitcoin has nothing to do with the price. The technologie doesn't care if it trades at 1000$ or 10$. Maybe you and OP confuse that aspect of it.
20  Other / Meta / Re: Activity & new membergroup limits on: March 21, 2015, 05:42:41 PM
-snip-
Sorry, I found it. But still, you need to know how to read this code ...

-snip-
Code:
update smf_members set ID_POST_GROUP=21 where ID_POST_GROUP=8 and
activity>=775 and activity>=775+conv(substr(sha1(concat(ID_MEMBER,
secretSeed)), 1, 2), 16, 10);

The required activity level per user is suitably random for betting, but anyone who can read my code (there are a few such people) will be able to exactly predict when someone will become Legendary, so I don't really recommend it.

The problem is that we dont know what the "secretSeed" is, thus a proper prediction on the exact result in only available for those that have access to the full code.



We just need to pay off some mod. Question is if that secretSeed is account specific or global.
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