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921  Economy / Service Discussion / Re: Coinbase has a new iOS app and it is pretty. on: January 09, 2015, 09:46:06 AM
I especially like unlocking the app with my fingerprint.  
Don't do that. That is the worst password ever. Do you have any idea, how easy it is to fake fingerprints? The faked fingerprints in Germany using photos of politicians they found on the internet not even being near them.

all things being considered, I think it is far more likely to get your password stolen then your fingerprint stolen.  if somebody has good enough surveillance to capture your finger print, they most likely have good enough surveillance to capture your password too.

the thing is I am not a politician.  my more plausible threat is somebody looking over my shoulder at a coffee shop or a bar when I enter my password.  such a thief is not likely to be able to photograph my thumb and then have the skills to make a fake fingerprint. 
You don't need "good surveillance" to capture a fingerprint, when a photo is enough. Just someone who has a camera.
Another problem with a fingerprint is: Once compromised you can't change it. Imagine a service, where you can't change your password.

And it doesn't matter if you are a politician or not. You have money people want to steal. They don't care about you, they care about the money. If you are an easy target, people will steal from you.
922  Bitcoin / Bitcoin Discussion / Re: Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- > on: January 09, 2015, 09:17:56 AM
I dont know completely how the wallets and addresses are controlled. But just a thought of me.

If I was using blockchain.info , then I can download my private key to import it to my offline wallet. I dont understand the term - "BitStamp no more controls that address" - Either the attacker stole the bitcoins by inserting malicious code or doing some sql or php query stuffs or getting access to the wallet. Even if he have the private key to that address, still the bitstamp will also have the private key with them unless the hacker gets physical access to their computer or whatever and destroys everything. Please correct me if I'm wrong.
You are right. That is why the hackers put in such high transaction fees into the transaction, so miners would process them pretty fast.
923  Economy / Economics / Re: Bitcoin worst investement 2014 on: January 08, 2015, 03:08:10 PM
Sometimes I wish the price of Bitcoin would stay that low for the next years, so a lot of this speculators would have to sell and would loss money.
924  Bitcoin / Bitcoin Discussion / Re: is the only point of bitcoin drugs?? on: January 08, 2015, 01:14:11 PM
cause if it is.  i think we should stop fighting.  and use the US dollar instead..

I applauded loudly when the silkroad bitcoin-enabled illegal-drug website was shutdown because I knew a lot of people would draw this exact conclusion.

Bitcoin could enable a thousand good and noble efforts, but if it makes it easier to do any form of evil, that's what will get all the news and influence opinion.  That's what people will immediately think of when they hear the name "bitcoin".

We should all fight against illicit use of bitcoin to protect the good name of bitcoin.

Hmm, drug user ->

Bitcoin:
Wants drugs, goes online, open Tor/Silk Road 3, pay bitcoins for drug, wait for drugs in the mail.

Cash:
Wants drugs, goes to the gang area of town, buys drugs, dealer is selling from rival gang's corner, gun fight breaks out, tries to get away with his life.

So, you choose the violent option?
Trolls have been missing a good slippery slope argument here.

What about child pornography gangs? I don't think there are any, but honestly, I've never seen an actual drug gang either. -Or pimps for adults. Pimps are usually violent in movies -- well, not porn movies, cause porn studios have a reputation to uphold, obviously. .... Roll Eyes

If children were sexually abused in the privacy of their home rather than beaten on the street AND sexually abused, should we applaud bitcoin's triumphant entry into the market and post comments on news sites about how bad child rape was before bitcoin came on the scene?

-Or the assassin market. How many people wanted to hire assassins but were assassinated upon payment before crypto-escrow? I bet more than one.
As far as I know(I am not an expert on that) there is not much money in cp.
Your example about children are raped on the streets is just ridiculous. Cp is not produced on the open street. If it is send via your post office or via the internet or traded on the street is also pretty much irrelevant for the children.
925  Economy / Service Discussion / Re: Coinbase has a new iOS app and it is pretty. on: January 08, 2015, 12:42:14 PM
I especially like unlocking the app with my fingerprint.  
Don't do that. That is the worst password ever. Do you have any idea, how easy it is to fake fingerprints? The faked fingerprints in Germany using photos of politicians they found on the internet not even being near them.
926  Economy / Service Discussion / Re: Bitstamp will easily recover from this hack on: January 08, 2015, 10:45:37 AM
after such incidents the price will go down again and again and confidence too in btc world..that's a pity..
That is really getting boring. The price went up, since the incident.
Nobody cares, who doesn't have funds on Bitstamp and business goes like usual. The times where hacking one Exchange can crush the BTC-price are over.
927  Economy / Service Discussion / Re: E-mail from Purse.io on: January 08, 2015, 10:42:25 AM
I also have the problem that Amazon stole my money. € 1000 in gift cards I (which was my big mistake) had loaded completely on my Amazon account. I guess that one or maybe two of that (€ 100) gift cards where bought illicit, and Amazon just invalidated all of them. Amazon doesn't provide any information. So, currently the European Consumer Interest Council is looking into it, but something like this always takes time. (It it more than a month now).
I also contacted purse and they told me, they would refund it, but I rather get the money back from Amazon(the part that was bough legally and Amazon just stole in the process)
928  Bitcoin / Bitcoin Discussion / Re: Bitcoin's biggest problem is the language we use to describe it on: January 08, 2015, 10:33:23 AM
When your valuables are stolen we report it to the police, we have a legal system to investigate the crime and an enforcement system to correct unlawful behavior by criminals. Through this system we can reclaim the lost property from the thieves if they are tried and found guilty.

This is a basic function of a judicial system.

Bitcoin is so infuriating because we can follow the stolen money but not reclaim it. THAT is the biggest threat to Bitcoin. Humans hate loosing their property/valuables more than anything. There are ample evidence for this in studies of risk management. Any system where thieves can't be stopped will be abandoned. It's easy to forget the main reason banks were invented was to safe keep peoples savings. The loans etc which our economy is based upon today is a secondary invention by a banker who realized all that stored money could be working for himself.

If there was a cryptocurrency that was different from bitcoin, decentralized but nonanonomous, where the sender and receiver were publicly known or at least could be identified, where if someone stole your coins you could both identify the thief and reclaim your funds, people would choose that currency over BTC every time. Anarchy and total anonymousness is not the preferred lifestyle of the majority of the population is my guess. To be able to secure your property is more important. 
That is just wrong. Ask anybody:
Do you want that everybody can look at all your transactions you have ever made? Most people will say no.
Do you want that the government/courts can look at all your transactions you have ever made? There might be slightly less people, who say no.

I just had that discussion yesterday and the guy who proposed this complete transparency told us, that nearly everyone he talked to about this, disagreed with him.
929  Bitcoin / Bitcoin Discussion / Re: Bitcoin's biggest problem is the language we use to describe it on: January 08, 2015, 08:35:00 AM
I think another problem about Bitcoin is, that it is quite complex to understand why it is better than fiat.

While I agree with the central thesis of the OP, I disagree that it is complex to explain why it is better than fiat. The problem is that by and large, the populace has absolutely no idea what fiat really is.

If anyone understands fiat
, you can tell them the most important reason that Bitcoin is better in one sentence:

Unlike fiat, Bitcoin is not at its core a system designed to slowly steal the entirety of real wealth of the populace at large, and put it in the pockets of international bankers, through the hidden tax called 'inflation'.
So, you describe the problem your self. When people don't know the problem you first have to explain the problem before you can explain the solution. It is a quite complex problem.
930  Alternate cryptocurrencies / Altcoin Discussion / Re: Leocoin ? on: January 07, 2015, 03:45:55 PM
First Impression:
What the fuck is with this snowflakes?
I really try to read the info but this snowflakes are just annoying. Who those something like that?
931  Bitcoin / Bitcoin Discussion / Re: Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- > on: January 07, 2015, 02:56:52 PM
I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.


would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts.

what is somehow funny is that other exchanger will fulfill the transaction.

Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin.

When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved.

Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.

I know it is possible , but some people still think they can trace that thief.

They can to a point but I don't know why they would want to. They haven't been able to successfully do anything about a theft here by tracing coins except for the Ozcoin hack and MtCocks confiscation. Ozcoin was the only case where something was done right. You could argue that they shouldn't have done it. When MtGox confiscated stolen coins that's only because Gox was a bigger thief.

Can one of you geniuses tell me why this isn't effecting the market at all. An exchange goes down without so much as a hiccup. No panic selling, no day traders manipulating the market, no people pissed off because their money was frozen and cashing out everywhere else - nothing. Could it be because the market price is phoney and manipulated anyway?

Price went down from 315 to 255 the day before bitstamp went offline and you think this is not related ? Some people knew it, before anyone and dumped hard. The news came after, and market is just waiting bitstamp to be live again.
So, they knew, that Bitstamp was hacked before the coins were moved?
Seems plausible Roll Eyes
932  Local / Deutsch (German) / Re: Technische Weiterentwicklung von Bitcoins zu langsam !? on: January 07, 2015, 02:53:00 PM
Gibt es irgendwo einen Beweis dafür, dass die Miner die Coins sofort verkaufen?
Bis jetzt konnte mir niemand einen bringen.
933  Bitcoin / Bitcoin Discussion / Re: Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- > on: January 07, 2015, 02:42:32 PM
The funny thing is that the hack happened during a dramatic price fall

The message given by exchange: If you dare to short the bitcoin massively, your coins will be hacked on exchange Grin
And it actually worked. Price is going up since the hack. Wink
934  Bitcoin / Bitcoin Discussion / Re: How can Bitcoin be a society changer with current distribution of wealth? on: January 07, 2015, 02:38:27 PM
People should just stop trying to see something in Bitcoin, which is not there.
There are some things, Bitcoin can do for poor people.
- Poor people are those, who pay the highest fees. With Bitcoin everybody pays the same(small) fees.
- A bank can freeze your account. If you don't have the money to pay a lawyer, there is not much you can do about it. Nobody can freeze your Bitocoin.
- A country can increase inflation by printing money. Most of the time the rich are better informed about it and they have a lot of their money in assets anyways. It's the poor, who get hit by that, not so with Bitcoin.

So, Bitcoin is already doing a lot for the poor, if they are able to use it and stop  whining about, that it didn't make them rich.
935  Bitcoin / Bitcoin Discussion / Re: How can Bitcoin be a society changer with current distribution of wealth? on: January 07, 2015, 02:26:36 PM
If we would give 1 Bitcoin to every person on earth, it would look the same in a year.
Most people would just sell it and a few people would see the potential and buy everything up, they can get.

Some people in here, know that I am a socialist. I don't believe in a completely free market. But even I, think you are delusional.
936  Bitcoin / Bitcoin Discussion / Re: Bitcoins reputation? on: January 07, 2015, 12:56:15 PM
We need to work the bad boy angle, Bitcoin smiley with shades, wearing a leather jacket and playing with a flick knife Cheesy
I think, you are behind, about what is cool nowadays. Justin Bieber should promote Bitcoin. That would really give it a boost.
937  Economy / Service Discussion / Re: Bitstamp: Less than 19,000 BTC lost !!! on: January 07, 2015, 12:16:57 PM
The overtly optimistc/blind will defend these guys til they burn down to the ground.


IMO, all these supposed 'hacks' of exchanges were nothing more than inside jobs.  Gox, Cryptorush, Coinex, Mintpal, Bitstamp...the list goes on forever.  This is stolen money..and the owners/scammers all just follow the same wordpress template during the situation:

*insert 'down for maintenance page'
*insert 'we have been attacked, please allow us time to address the issue' splash page message
*insert 'we assure your old funds are safe, please bear with us' update message
*insert 'we are terribly sorry but due to the losses we have to close up shop as we are insolvent' finality message, as you strung along users for over a month with enough time to flee your native country, change your legal name, and enjoy your millions you scammed from your own users 



At least with Mintpal, they admitted it.  But at the same time, after reading that whole fiasco, even that seems a bit shady because it's 2 owners deferring blame to a rogue member.  And I have heard zero updated on the court proceedings that supposedly started 3 months ago (and nobody has even verified or attended it)...to which they even raised a good 5 digits worth of bitcoin charity for their supposed prosecution money.

Ridiculous lol.


I think the same.

in this case(Bitstamp), hm...I am not sure what to say...

What I am SURE is that all the big "players" are a gang. I include the chineses exchangers too.

Bistamp is related with Ripple, Bitcoin Foundation and others. Their shareholders are shareholders for many other bitcoin companies.

i think they will cover the loss because the scandal will be TOO BIG and it will involve all these companies and Bitcoin will crush.
Bitfinex, Coinbase are related with Bitstamp. Bitstamp is processing their orders.

They have no interest to comprise all these companies when they are making millions.


So, they are a gang who is manipulating the market how they want and each of them are taking a piece of the cake named Bitcoin.

a simple proof is these days. Bitstamp hacked, people in panic, a lot of sells and the Bitcoin price is raising Smiley
I don't think many people who don't have funds on Bitstamp are panicking.
938  Bitcoin / Bitcoin Discussion / Re: Bitcoin's biggest problem is the language we use to describe it on: January 07, 2015, 09:29:14 AM
Yeah, that is something I also always struggle about.
My gf knows, that I am really interested in Bitcoin. She is a complete technical noob, but still often asks about technical thinks.
Being a programmer, I don't think my explanations are really understandable for here. I see that, especially when she asks certain thinks again, I already explained several times over the past years(which sometimes really annoys me).

I think another problem about Bitcoin is, that it is quite complex to understand why it is better than fiat. It is easy understandable, that an E-Mail is better than a letter you send via a your post office. Since it is instant and you can just read it from everywhere with a lot of devices.
What makes Bitcoin better than fiat?
You can't just explain it in a few sentences. If you just say, it is faster than fiat and has less fees, people might tell you, they are ok with the speed and fees of fiat, since the can instantly pay with their credit card and mostly don't see the fees involved directly.
If you want to describe, that it is better since it is not controlled by banks or the government, you have to go into detail, why it is bad, that fiat is controlled by banks and the government. That is not something most people agree on in the first place and might also not agree after an explanation.
939  Bitcoin / Bitcoin Discussion / Re: Stop saying the Bitstamp coins were dumped!! They are right $%&#ing here -- > on: January 07, 2015, 08:32:59 AM
Everybody is talking about the price crash of Bitcoin because of the Bitstamp hack, and I am just sitting here mastur ... ahm ... looking at the price going up again ...
940  Bitcoin / Bitcoin Discussion / Re: Explain WHY bitcoin would be good for a third world country. on: January 06, 2015, 09:19:34 PM
Don't have some countries in Africa allready an special currency which they use with their phones?
They use their mobile phone balance as a currency, but that is centralized, even pretty much a monopoly.
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