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1521  Bitcoin / Bitcoin Discussion / Re: Bitcoin on-the-street today on: May 28, 2014, 08:52:23 AM
Bitcoin newbies ALWAYS assume that the coins are stored inside the wallet. Based on that assumption, they then conclude that coins can be counterfeited since one can do whatever he/she wants to a file saved inside his/her own computer. It's a reasonable conclusion based on a flawed assumption. Once you explain to them what the blockchain is, it usually clears everything right up.

This hasn't worked for me. I even tried the public/private key scenario, and it leads to "someone else can just make a duplicate." Or things like that. The way Bitcoin works is really complicated. Most people that ask questions can't even understand the high-level version.

They can log into their online banking account from different locations or give the password for it to multiple people but it one of the guys who have the password send money from the account (or if you send money from one of the locations at which you are logged in), the money won't be available for the other people that have the password (or at the other locations you are logged in).
Maybe thats an explanation people understand more easily since they are more used to the scenario.

But how does this explain how your coins are safe and how nobody else can hack them (especially when Target, Sony, etc. all get hacked)? This is where the big issues come from I think.
It can not be hacked, because the whole design is based on cryptography. I think, that is an easy way to put it.
Snowden also says, that the only true way to secure your self is using strong cryptography.
1522  Bitcoin / Press / Re: BitCoin now on coinwik.org on: May 28, 2014, 08:39:38 AM
lol
Why is EMpTyGox on your list of exchanges? You cannot exchange anything there for a while now.
1523  Bitcoin / Bitcoin Discussion / Re: Definitive proof that Satoshi Nakamoto is James A. Donald. on: May 28, 2014, 08:26:17 AM
I often wonder if most of the things you write are just meant as a joke or if you are serious.
In case you are serious:
A timestamp is not really proof for anything. I saw a lot of cases where timestamps are just wrong.
1524  Bitcoin / Bitcoin Discussion / Re: Video explaining "Does Bitcoin have an intrinsic value?" [Bitcoin For Dummies] on: May 28, 2014, 08:09:59 AM
It's funny how the term "intrinsic value" comes up more often lately.
I just know it as a philosophical term and remember how a (philosophy) professor at university said something like: "Philosophers argue about if the intrinsic value of a seed is becoming a tree"
Maybe I missed another meaning, but I think "intrinsic value" is just a bad term in this context.

"Intrinsic value" is relative to the situation. If you're drowning in a lake, a bottle of water will have zero intrinsic value. If you're dying of thirst in a desert, that same bottle of water has a very high intrinsic value.
That is not how "intrinsic value" is used.
1525  Local / Projektentwicklung / Vorsicht vor www.blizzcoin.com on: May 28, 2014, 07:03:53 AM
Mein Posting in https://bitcointalk.org/index.php?topic=603260.0 wurde gelöscht und mir gesagt, es handle sich um eine Unterstellung.

Hier mein Original-Posting.

Quote
Ich habe eine Anmerkung und eine Frage.

Anmerkung: Ich sehe kein Impressum auf eurer Seite. Dazu seid ihr aber gesetzlich verpflichtet. Ich würde das schnell ändern, bevor ihr noch eine Anzeige bekommt.
Frage: Woher kommt euer aktueller Bitcoin-Preis?

Dieses Verhalten ist in meinen Augen nicht sehr vertrauenswürdig, also Vorsicht

Edit:
Eine WhoIs-Abfrage wirkt auch nicht sehr vertrauenswürdig:

http://whois.domaintools.com/blizzcoin.com

Quote
Domain Name: BLIZZCOIN.COM
Registry Domain ID: 1685511606_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date:
Creation Date: 2011-11-03 22:21:00Z
Registrar Registration Expiration Date: 2014-11-03 22:21:43Z
Registrar: ENOM, INC.
Registrar IANA ID: 48
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone: +1.4252744500
Reseller: NAMECHEAP.COM
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: WHOISGUARD PROTECTED
Registrant Organization: WHOISGUARD, INC.
Registrant Street: P.O. BOX 0823-03411
Registrant City: PANAMA
Registrant State/Province: PANAMA
Registrant Postal Code: NA
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email:
Registry Admin ID:
Admin Name: WHOISGUARD PROTECTED
Admin Organization: WHOISGUARD, INC.
Admin Street: P.O. BOX 0823-03411
Admin City: PANAMA
Admin State/Province: PANAMA
Admin Postal Code: NA
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email:
Registry Tech ID:
Tech Name: WHOISGUARD PROTECTED
Tech Organization: WHOISGUARD, INC.
Tech Street: P.O. BOX 0823-03411
Tech City: PANAMA
Tech State/Province: PANAMA
Tech Postal Code: NA
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email:
Name Server: DNS1.REGISTRAR-SERVERS.COM
Name Server: DNS2.REGISTRAR-SERVERS.COM
Name Server: DNS3.REGISTRAR-SERVERS.COM
Name Server: DNS4.REGISTRAR-SERVERS.COM
Name Server: DNS5.REGISTRAR-SERVERS.COM
DNSSEC: unSigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic
1526  Bitcoin / Bitcoin Discussion / Re: The Willy Report and PRICE!!? on: May 28, 2014, 06:49:42 AM
There was a Willy on Gox

Not on btc-e, bitfinex and and and

Due to the fact that no USD left Gox, the Willy price was not driving the other prices up via arbitrage. Gox and its price were functioning as a lighthouse maybe, but the ships were driven by their own engines, if you will.

When BTC hit the 1000$-mark, you could still withdraw from Gox. Get your timeline right.
1527  Bitcoin / Bitcoin Discussion / Re: The Willy Report...What do you guys make of it? on: May 27, 2014, 02:38:20 PM
So, he was right after all, at least in some major parts ...
1528  Bitcoin / Press / Re: [2014-05-27] CD: Facebook-Integrated Wallet Makes Sending Bitcoin as Easy as ... on: May 27, 2014, 02:19:30 PM
I don't understand is such service necessary? Can anyone explain this to me
For mass adoption we need
1) a user-friendly software, and I don't mean in the sense you might think of, sending Bitcoins to a facebook-friend rather than having to copy a cryptic string is a huge difference for a lot of people, especially if it is integrated in Facebook it self.
2) a platform where are already a lot of people, so facebook is perfect, since you also send direct FB-Notification(I hope people don't ignore them, as much as I do)
1529  Local / Trading und Spekulation / Re: MtGox geht in Konkurs on: May 27, 2014, 10:50:15 AM
hahaha ... das ist sooooo geil hier!
... wie ne kinderstube mannigfaltig-blühender phantasiegebilde im rausch kindlicher kopfkino-phanatiker

aber:   nix genaues weiß man natürlich nicht, es könnte allerdings schon sein, lach

der insolvenzverwalter wird euch einen husten, der verdient die kohle mit der abwicklung der company und der rest ist im pfurzegal ...

schon mal darüber nachgedacht, woanders neu zu investieren? ... und bitte, nicht wieder das PW vergessen, damit´s nicht schon wieder ein rohrkreppierer-investment wird, laaaach
Dich hat man als Kind offensichtlich mehr als einmal fallen lassen ...
1530  Bitcoin / Press / Re: [2014-05-27] CD: Facebook-Integrated Wallet Makes Sending Bitcoin as Easy as ... on: May 27, 2014, 10:07:18 AM
Quote
Users of the social wallet must sign in to the service using their Facebook details. The application then creates a list of contacts from Facebook friends to whom the user can send bitcoin – even if they have not signed up for the service.
That means, that you are not really sending Bitcoins. What happens if the friend denies the request, where do the Bitcoins go?
1531  Bitcoin / Bitcoin Discussion / Re: The Willy Report and PRICE!!? on: May 27, 2014, 09:29:54 AM
I have asked that question at another Thread and nobody answered it, so I ask it here again:
If the price of BTC falls, who is selling at this low price?
If nobody is selling at a lower price, than the price can not fall-->Economics 101
1532  Local / Trading und Spekulation / Re: MtGox geht in Konkurs on: May 27, 2014, 08:01:51 AM
1. Entweder es war ein Insider

Ist die einfachste Erklärung. Und nach den Klagen der Ex-Mitarbeiter gab es nur einen Insider, der alles in der Hand hatte und nichts an die Mitarbeiter abgegeben hat: Mark Karpeles.

2. oder MtGox war einfach inkompetent, besonders was Security anbelangt.

Letztendlich müsste dann ein unbekannter Hacker über ein Jahr lang unbemerkt das Börsesystem vollständig kontrolliert haben und einen guten Teil des Handels getätigt haben ohne aufzufallen?! Möglich aber unwahrscheinlich.

Die einfachste Erklärung ist meistens nicht die richtige Wink

Nachdem was ich gehört habe, wie auf MtGox entwickelt wurde(kein Testsystem, Mark Kappels musste alles persönlich absegnen), erscheint mir die Hacker-Variante nicht so unwahrscheinlich.
Wenn ich das richtig verstanden habe, ist auch Mark Kappels, der einzige, der Zugriff auf die entsprechenden Logs hatte, damit ihm diese Unregelmäßigkeiten überhaupt auffallen. So betrachtet, ist es nicht so unwahrscheinlich, dass er sich diese Logs nie so genau angesehen hat.
1533  Local / Trading und Spekulation / Re: MtGox geht in Konkurs on: May 27, 2014, 07:38:42 AM
Ein oder mehre Täter, der auch handeln konnte während MtGOX für alle anderen Down war(!!!), konnten die (FIAT-)Bilanzen ihrer Gox-Accounts manipulieren und haben darüber Unmengen von Coins abgezogen.

Das ist die erste plausible Erklärung, die ich höre. So passt einiges zusammen.

...

Wir müssen nun dem Insolvenzverwalter klar machen, dass er das Verfahren bis zu einer Klärung der genauen Umstände stoppen muss. Die Täter zu finden kann Jahre dauern, aber kriegen wird man sie früher oder später. Sie waren zu gierig. Hätten sie sich mit 10.000 Coins begnügt, wären sie damit vielleicht durchgekommen. Aber nicht mit einer halben Million.

Siehe den fettgedruckten Teil. Das schränkt den Täterkreis deutlich ein. Mit hoher Wahrscheinlichkeit sogar auf genau 1.

Das bedeutet nur, dass der Bot am Server selbst bzw. im lokalem Netzwerk war. Das muss nicht zwangsläufig bedeuten, dass es ein MtGox-Insider war.
Es bleiben also nach wie vor die beiden Möglichkeiten:
1. Entweder es war ein Insider
2. oder MtGox war einfach inkompetent, besonders was Security anbelangt.
1534  Bitcoin / Bitcoin Discussion / Re: PayPal could benefit greatly from providing a wallet service on: May 27, 2014, 07:30:58 AM
Umm.. PayPal will be providing their own service, which they would secure themselves. PayPal has never been hacked, and they get attacked WAY more than any Bitcoin service out there.

You are oversimplifying things. Thefts and hacking do occur with Paypal accounts. Go to SR 2.0, and you can buy a bunch of hacked Paypal accounts for just around BTC0.2 or so. If so many hacks can occur with Paypal USD accounts, then imagine what will happen to the Paypal BTC accounts.

1. I don't think, anybody hacked Paypal and just got a bunch of account-credentials out. They "hacked" on the user-site not on the server-site, e.g. installing keyloggers, phishing, etc.
2. What is the difference between a "Paypal USD accounts" and a "Paypal BTC accounts"? You have a Paypal-Account and you can store money there. I don't see how, the kind of money you store has any influence about, if you get "hacked"

1535  Bitcoin / Bitcoin Discussion / Re: Idea for a physical shop on: May 27, 2014, 07:16:34 AM
I think you can achive that way easier, than with a box for every item. You could Show an example item, and when you pay for it, it could be prepared for you with all the other items at the Exit.
But I don't think, this is really a good use of BTC. Do you really want to pay for every item individually? Sounds like a lot of work even if it just scanning and pressing "send".

When I think, about it, there could be this box at the Exit, which can be unlocked by paying for it.

This wouldn't be a good idea either. If you're just picking up one of those "example items", then at the end someone else has to go around the store or the backroom storage to hunt down all your items. This is a lot of service required. Imagine the cost of hiring an army of employees to run around to gather items for the customer.
I was more thinking about some Kind of full-automatic System, not about People running around in the storeroom collecting your things.
And you are not picking up example items, you just scan them, so they get prepared.

Fully automated? Do you have any idea the cost and infrastructure required to implement this idea? If this was easy and cheap, then we'd be seeing all these automated machines replace all the employees in groceries and other B&M stores by now.
I never said, it is easy and cheap, but it would be profitable over time.
The question is not, if somebody could implement it, I am sure, we are technology capable of doing that.
The question is, if people would go there shopping.
1536  Bitcoin / Bitcoin Discussion / Re: Idea for a physical shop on: May 26, 2014, 02:00:28 PM
That is making something simple to be complicated for any side.
what is the purpose by doing this?

1. using Bitcoins for something
2. preventing Queues at the cashier
3. save Money on personnel costs

But you'll have queues while people wait for their milk, then their bread, then what if they dont want that bread now?
That depends on how fast this boxes are refilled. If you use manpower for that, it won't work. If you just have one box for popular items, it won't work.
I still think, my idea would work best, with just boxes with your items at the exit.

But I wouldn't buy fruit or fresh meat in such shops.
1537  Bitcoin / Bitcoin Discussion / Re: Idea for a physical shop on: May 26, 2014, 01:45:48 PM
That is making something simple to be complicated for any side.
what is the purpose by doing this?

1. using Bitcoins for something
2. preventing Queues at the cashier
3. save Money on personnel costs
1538  Bitcoin / Bitcoin Discussion / Re: Its shocking and depressing to read BOTS made bitcoin boom! on: May 26, 2014, 01:42:59 PM
hmmmm.....

If it was bots that did this, it still requires real money, no?

The overall situation does not make sense because bots are all over all the exchanges pushing prices up and pulling them down as they desire.

Bots also manipulate the stock market and many other things in the financial world. This does not make the outcome any less or more realistic. It just is what it is.

Think about it like counter strike with the bots Wink, yeh its sad, yeh noone likes it BUT it happens.

I for one am grateful for the current price, bot or not. <3

Yes, the real Money of the People who traded on MtGox, not the real Money of the maker of the bot. That's the huge difference here.
Otherwise you would be right. Bots in financial markets are nothing Special.
1539  Bitcoin / Bitcoin Discussion / Re: Its shocking and depressing to read BOTS made bitcoin boom! on: May 26, 2014, 11:17:03 AM
At the time when bitcoin price is recovering, these news and reports are very sad and depressing to read..

But if the reports are true then the true  value of bitcoin should be around the value before bots were setup right, which could be around 100 $..Rest is all fake,fantasy,illusion....

www.cryptocoinsnews.com/news/report-mtgox-fraud-led-to-1200-bitcoin-price/2014/05/25

http://willyreport.wordpress.com/
More like, 30 $(or less), since the run to 100$ was also influenced by that bot.
But that doesn't matter anyway, since the Price is now what it is and I don't see, why it should decrease. (That the increase was manipulated is no good reason for that)
In the Long run, this bot was a good Thing, as sad as it sounds.

No i think current price cannot sustain if all the price rise was because of the tradingbot...How long can people ride on a fake prices and what will happen if more and more people come to know what they pay for bitcoin was just driven by bots..
No offense, but I don't think you understand much about financial markets.
So answer me one question: Who is gonna sell BTC for 100$? I am not, for sure.

If nobody is selling BTC for 100$, than Price is not going there.
1540  Bitcoin / Bitcoin Discussion / Re: Its shocking and depressing to read BOTS made bitcoin boom! on: May 26, 2014, 10:56:58 AM
At the time when bitcoin price is recovering, these news and reports are very sad and depressing to read..

But if the reports are true then the true  value of bitcoin should be around the value before bots were setup right, which could be around 100 $..Rest is all fake,fantasy,illusion....

www.cryptocoinsnews.com/news/report-mtgox-fraud-led-to-1200-bitcoin-price/2014/05/25

http://willyreport.wordpress.com/
More like, 30 $(or less), since the run to 100$ was also influenced by that bot.
But that doesn't matter anyway, since the Price is now what it is and I don't see, why it should decrease. (That the increase was manipulated is no good reason for that)
In the Long run, this bot was a good Thing, as sad as it sounds.
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