Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[aminorex]

[aminorex]

Yes so? There are humans controlling them.

Or...sheep?

[JorgeStolfi]

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?)

[OldGeek]

The whalebots are coming.

I lol'd at that.  Thanks.

[ScrapOfCat]

The whalebots are coming.

I lol'd at that.  Thanks.

[OldGeek]

^^ That's nice as well.   

[Davyd05]

http://www.reddit.com/r/Bitcoin/comments/1yilnh/proof_mtgox_is_working_on_fix/

I haven't clicked any of the URLs but I think this could be some strong bull FUD

[medialab101]

http://www.reddit.com/r/Bitcoin/comments/1yilnh/proof_mtgox_is_working_on_fix/

I haven't clicked any of the URLs but I this could be some strong bull FUD

Was just about to post that...

Oh, how I want to believe

[Davyd05]

http://www.reddit.com/r/Bitcoin/comments/1yilnh/proof_mtgox_is_working_on_fix/

I haven't clicked any of the URLs but I this could be some strong bull FUD

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.

[aminorex]

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.

[JorgeStolfi]

Those are high security steps.  [ ... ]

But I suppose that you noticed the crucial missing step in that recipe, right? 

[OldGeek]

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!

[JorgeStolfi]

Can I be your partner?  I promise that I won't rob you!

I am 100% certain that you won't. 

[OldGeek]

^^ lol

Back to btc.  I'm thinking that I smell a trap.

[ChartBuddy]

Explanation

[koryu]

^^ 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...

[OldGeek]

^^ 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.

[Davyd05]

We starting a pool on the next update time frame from gox Friday 7pm Japan?

[OldGeek]

We starting a pool on the next update time frame from gox Friday 7pm Japan?

Do you mean a real update or the science fiction we've been getting?

[Davyd05]

We starting a pool on the next update time frame from gox Friday 7pm Japan?

Do you mean a real update or the science fiction we've been getting?

To be honest I consider it to be accurate ... just not timely..