derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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February 21, 2014, 06:06:50 AM |
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Any news?
Insider getting ahead of the market? My guess some people on Gox making good money, maybe new funds that arrived, and the idiots on Stamp following them going omg buuuuuy omg sell!! Going by charts (Huobi, Stamp, and Gox), it looks like China had a little rise. Bitstamp followed. Then some on gox followed, and that triggered a full on "omg news?" rally. Then people realized nothing happened and proceeded to sell again  |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 21, 2014, 06:08:11 AM |
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The whalebots are coming.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 21, 2014, 06:11:32 AM |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 21, 2014, 06:15:00 AM |
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Yes so? There are humans controlling them.
Or...sheep? |
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JorgeStolfi
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February 21, 2014, 06:16:14 AM |
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OK, again, here is what I would do if I had to safely store several hundred thousand bitcoins that my clients gave me for safekeeping.
First, I would create a dozen new addresses and distribute the bitcoins evenly among them. I do not believe in trapdoor functions, and I know what NSA did to that random number generator; so I instead of any "modern" encryption I would use the old and guaranteed one-time-pad method. I would generate a file of truly random bits (say, extracted from the microphone signal), and XOR it with the private keys. Then I would copy the result to a pen drive, check that the copy succeded, safely remove the pendrive (see, I learned my lesson!) I would repeat with a second pendrive and give it to my partner. Then each of us would go to a different bank, on separate cars, and store his pendrive in a safe deposit box. Only then I would go back and reformat the hard drive of my computer.
Do I really need to add the "stupid smiley" here?)
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 21, 2014, 06:16:33 AM |
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The whalebots are coming.
I lol'd at that. Thanks. |
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ScrapOfCat
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February 21, 2014, 06:19:17 AM |
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The whalebots are coming.
I lol'd at that. Thanks.  |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 21, 2014, 06:20:50 AM |
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^^ That's nice as well.  |
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medialab101
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February 21, 2014, 06:36:10 AM |
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Was just about to post that... Oh, how I want to believe |
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Davyd05
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February 21, 2014, 06:38:22 AM |
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Was just about to post that... Oh, how I want to believe I would assume it can be back checked somewhat.. and or dis proven pretty quickly though I do recognize the ntxid syntax from one of their statements. |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 21, 2014, 06:42:19 AM |
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OK, again, here is what I would do if I had to safely store several hundred thousand bitcoins that my clients gave me for safekeeping.
First, I would create a dozen new addresses and distribute the bitcoins evenly among them. I do not believe in trapdoor functions, and I know what NSA did to that random number generator; so I instead of any "modern" encryption I would use the old and guaranteed one-time-pad method. I would generate a file of truly random bits (say, extracted from the microphone signal), and XOR it with the private keys. Then I would copy the result to a pen drive, check that the copy succeded, safely remove the pendrive (see, I learned my lesson!) I would repeat with a second pendrive and give it to my partner. Then each of us would go to a different bank, on separate cars, and store his pendrive in a safe deposit box. Only then I would go back and reformat the hard drive of my computer.
Do I really need to add the "stupid smiley" here?)
Those are high security steps. If you were obsessive about security, a good prior step would be to build a fresh vm with a restrictive firewall on which to perform the manipulations. A good posterior step would be to break up both the pad and the keys using turbo codes and distribute them over a number of pendrives, such that e.g. any three of nine suffice to reconstitute the data, and treat them similarly. In a business, however, security measures must be designed to optimize under constraints, requirements, which these extremist schemata do not accomodate. |
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JorgeStolfi
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February 21, 2014, 06:45:33 AM |
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Those are high security steps. [ ... ]
But I suppose that you noticed the crucial missing step in that recipe, right?  |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 21, 2014, 06:48:12 AM |
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Those are high security steps. [ ... ]
But I suppose that you noticed the crucial missing step in that recipe, right? Can I be your partner? I promise that I won't rob you! |
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JorgeStolfi
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February 21, 2014, 06:49:24 AM |
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Can I be your partner? I promise that I won't rob you!
I am 100% certain that you won't. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 21, 2014, 06:51:16 AM |
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^^ lol
Back to btc. I'm thinking that I smell a trap.
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 21, 2014, 07:02:56 AM |
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koryu
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February 21, 2014, 07:10:03 AM |
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^^ lol
Back to btc. I'm thinking that I smell a trap.
bought my btc for 540-580 last week, i thought it was a nice deal at this time, now they are back down at this price  gox price make you feel like that 570 is stil expensive. they do a good job... |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 21, 2014, 07:22:28 AM |
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^^ lol
Back to btc. I'm thinking that I smell a trap.
bought my btc for 540-580 last week, i thought it was a nice deal at this time, now they are back down at this price gox price make you feel like that 570 is stil expensive. they do a good job... If it makes you feel any better, I think you'll be alright. You may have to wait a while though. |
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Davyd05
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February 21, 2014, 07:23:39 AM |
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We starting a pool on the next update time frame from gox Friday 7pm Japan?
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Poll
