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701  Bitcoin / Development & Technical Discussion / Re: DoS implications on long term success. on: June 05, 2014, 06:39:48 AM
Great posts Peter, excellent summary of the situation.
702  Other / Politics & Society / Corrosion of the principles which underpin Western civilization on: June 04, 2014, 10:31:57 PM
I start every day with a quick scan of the news, and then move on. However, today two items really stand out showing how freedom of speech and the rule of law which are fundamental to modern society are being aggressively corroded by governments and companies:

UK secret trial
A major terrorism trial is to be heard entirely in secret in a “totally unprecedented departure” from centuries of open justice, it can be disclosed.
For the first time in British legal history, two men charged with serious terrorism offences will be kept anonymous and the press and public will be excluded from their trial, the Court of Appeal heard.

MPs and civil rights campaigners said it was an “outrageous assault” on the principles of open justice and set a “very dangerous precedent”.
Prosecutors have successfully applied for the case to be heard in private on grounds of national security but media organisations are trying to overturn the decision.
Journalists have up until now even been banned from reporting the fact that a trial was to be heard in secret.

The move has fuelled concerns over the growth of secret justice in British courts, which has already spread to civil cases and celebrity privacy challenges.
But a major criminal case being heard entirely behind closed doors risks ripping up the very tradition of open justice in the UK, which dates back to the Magna Carta of 1215.


http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/10876499/Secret-terror-trial-is-assault-on-British-justice.html

LinkedIn censorship and collusion
A major international social networking company is being criticized for assisting with China’s aggressive censorship of matters concerning the 25th anniversary of the Tiananmen Square protests.
 
At the request of Chinese authorities, the professional connection site LinkedIn is removing content from member’s sites that reference the protests or their subsequent violent suppression.
The content, which can take the form of posts, messages or other comments, is being removed without the members’ permission.


http://www.voanews.com/content/linkedin-faces-flak-for-censoring-on-behalf-of-china/1929613.html

Is anyone else sickened by these?
703  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2014, 01:46:54 AM
<censored>

SecondMarket is buying up 1000 / 28,000 = 3.6% of the new bitcoin supply on a regular basis.  Without the word "not" your bolded statement above is equally valid (and equally biased): they are big buyers!

Please people, stop quoting that guy. He consistantly gets "facts" completely wrong. I don't think he's stupid, so he must be doing it on purpose, ie trolling.

Second Market has bought over 100,000 bitcoins. That makes them in fact one of the largest buyers in the world.

Yes. JS is the worst kind of troll: one that speaks with an academic and level-headed authority but wastes no opportunity to stick the knife in. Why does he spend so much time on this forum when he could just get a life and wait until (he hopes!) Bitcoin crashes and burns, and then come back here laughing and gloating? The reason is extreme butt-hurt of the first order by missing out buying in at $1 a coin. Now the strategy is to talk (troll) the price down which has the dual goal of punishing all those who did get in early, while possibly enjoying a new chance to do the same at 2010 prices.
704  Bitcoin / Bitcoin Discussion / Re: I just paid the $100K USD via BTC to become a Platinum Member of TBF. on: May 28, 2014, 11:15:39 PM
Taxing my memory, Matthew N. Wright used to do something similar. I know of the practice, but the process eludes me.
I read about that yes. I know how they work and they are quite easy to make. I could write up a tracking pixel in five minutes, but why should I? I don't see the purpose of capturing someone's IP. It's not possible to get data from cookies using a tracking pixel (AFAIK) so I don't see how they can be useful.

Say you wanted to know where somebody is truly located. You send them a PM having such as the content, for only they most likely would be the one opening it up. I believe MNW tried that with theymos or some other. That's the first I even learnt that such a thingie existed. I assumed that practice was nixed somehow on this forum, but I guess I'm mistaken. Nothing another $350K doled out for the forum upgrade can't fix, I guess.

Another incident:
https://bitcointalk.org/index.php?topic=341146.0
705  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 26, 2014, 10:36:41 PM
this has been a bad weekend for news on Bitcoin 2.0 projects.  we all know about Ripple now.  Mastercoin allegedly has problems with Willett selling out (not confirmed by me), and now we have Bitshares:

Looks like Willett has really bad tax advisors. He didn't want to sell MSC, but was told he needed to sell some to cover capital gains tax. Problem is that his capital gains mostly evaporated after, and probably because of his selling.
706  Economy / Speculation / Re: Bitcoin record high at 1600 USD !!! on: May 26, 2014, 10:25:35 PM
Last year someone did pay $3600 per bitcoin (however GoXBTC is dead now).

Every single chinese speculator who bought bitcoins at any price is sitting on profits, some of them massive profits.

100% of them!!!

Except the trading noooooooob on GoXBTC who paid 22,213 yuan per BTC or $3,600!  

https://www.goxbtc.com/

What the actual fuck.


707  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 26, 2014, 10:14:26 PM
[The issue with the equilibrium is that there are always new coins being created and destroyed.

What is also interesting is that in a little over 2 years from now 75% of bitcoins that can exist will be created, and not long after that the number of bitcoins permanently lost will exceed those that are yet to be mined.
708  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2014, 05:10:58 AM
Money is finally hitting the exchanges. This could get nuts..

Are you saying new money is hitting the exchanges? Or people that have money on exchanges are buying? If your speaking of the former, how do you know?

No money arrives on a weekend. People with money already sitting on the exchanges are buying now, probably because they have given up waiting for another major dip and want to be on the train before fresh money arrives Monday.
709  Bitcoin / Bitcoin Discussion / Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE on: May 24, 2014, 11:32:26 AM
Except your poll is flawed because many people vote for bit just because 1/1000000 btc is more convenient than 1 btc or 1/1000 btc. So the poll is really about what unit we should use and not about how we should name it.

I know you are not happy with the name, but no single name is perfect and would satisfy everyone. That is a side-issue. What is far more important is moving to a two decimal place currency. Maybe the poll could be improved in hindsight, but once it was started it needed to remain untouched.
710  Bitcoin / Bitcoin Discussion / Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE on: May 24, 2014, 11:16:06 AM
I think your voting is closed. I was trying to vote bits but there is no option to submit my vote.

Once your activity hits 30 you should be able to vote. I won't be closing it as I consider this issue really crucial to Bitcoin's future. At the beginning I was unsure, but all the feedback has made it clear.

As an aside, 600 voters is a milestone for bitcointalk and I doubt that any poll here has received half as much interest before!
711  Bitcoin / Bitcoin Discussion / Re: Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes on: May 24, 2014, 10:27:48 AM
Um... it's early and stuff.. is this accurate that there is nearly $300m in BTC transactions daily?
That's a heck of a lot!

It does seem to be a lot as blockchain.info indicates more like $30 million per day, except on a couple of busy occasions: late last year when the price went over $1000, and more recently when MK was shuffling his wallets around...

https://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7
712  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: May 23, 2014, 12:03:13 PM
"This email address(mtgox_trustee@noandt.com)is used only for the purpose of sending messages, and we are unable to check and respond to any replies to this email address."

Translation: we will not get our hands dirty helping creditors with legitimate claims as we just want to earn our fees with as little effort as possible.
713  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2014, 11:57:30 AM
I am still holding my ripples, i think huge pump is just around the corner..

It needs more than just a pump, much much more, ... like 17 million volts in the neck of that Frankenstein's corpse.
714  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2014, 01:07:45 AM
Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  Shocked

if this is true, it's a real blessing to the Chinese people.

I hate 8

Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.
715  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 22, 2014, 06:55:56 AM
This is fiat moving back from the banks to the exchanges once they saw the reversal taking place. Hold on boys, this is just the beginning.

Excellent observation.

Everyone has been watching the clear downtrend all year and now it is finally broken the buyers are returning in force. Many of them did not leave their fiat on exchange so this upward pressure will last some days. Monday should be monumental.
716  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 03:23:51 AM
$400 is too cheap for a bitcoin, just as most of us thought.
717  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2014, 08:28:06 PM
I am very puzzled that there is a company willing to take over Mt. Gox. Mt Gox's assets are MINUS 650,000 BTC and perhaps MINUS 20-50 millions $. Their only other asset is their "reputation".

Can anybody sane could be willing to pay 650,000 BTC for Karpeles exchange's reputation of being scammers and possibly thiefs? Or their buggy, obsolete software without even production version?

Sunlot want to pay 1 btc, not 650k btc. They want control of the supposedly 200k btc left (assuming the private keys can be extracted from MK) which would be used to restart the exchange with the intention of paying 650k back to all those who are owned money. That would take years of exchange profits. Color me surprised if 2 years later the 200k is spent and only a tiny fraction of 650k is earned back for disbursement.
718  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2014, 03:43:32 AM
The ChinaPUMPTM is on full throttle.

Question is when the manager of City Wok calls for ChinaDUMPTM
719  Bitcoin / Bitcoin Discussion / Re: Implementing a smaller denomination on: May 07, 2014, 11:24:39 PM
There are merits to other names: mikes, ubits ...

Actually this post proposes bits and ubits are the same name, only that bits is slang.

I like that idea because many feel 'bit' is overloaded (for good reason) and ubit changes things up phonetically without total deviation. It also means the more preferred term can catch on naturally in the marketplace, just as 'thalers' became dollars, became 5 bucks, etc.

Seems reasonable, though there is enthusiasm for a simple term for general use.
A non-Latin character or an embedded capital letter, certainly do not help except for in limited technical usage.
720  Bitcoin / Bitcoin Discussion / Re: Implementing a smaller denomination on: May 07, 2014, 10:13:01 PM
Much discussion has been had regarding making the 100 satoshi the norm of bitcoin. Discussion about what to call it - mikes, bits, ubits, zits, your mom, whatever.

But reality is that it should be implemented on a level that people purchasing bitcoins with fiat would purchase in the 100 satoshi denomination. That way, (for example) instead of having to spend $440 for one bitcoin they could presume they are buying one entity for under a penny each.
That would drive the price of bitcoin up significantly, in my opinion.

How could that be implemented?

Implementing a smaller denomination is best achieved in a 2-step process.

1. Asking (nicely!) Bitcoin website owners and software authors to support "bits" for display purposes which users can select as a drop-down or config option, or showing both btc and bits where appropriate.

2. Publicizing a "switch-over" date, such as January 1st 2015, when the option becomes a default setting.

This allows months of time to see that the ecosystem is still on-board with the change, the rate of it being supported and feedback from users. Perhaps a website or thread could track all the various Bitcoin sites and systems where "bits" can be seen.

There are merits to other names: mikes, ubits etc, but the fact is no name is perfect. There will always be a difference of opinion. What is most important is making Bitcoin easier to use for everyone, and that is eliminating small decimals and the psychological barrier of a high unit value.
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