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bitcoin.newsfeed
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February 14, 2014, 12:15:03 AM |
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I did a research for past 48hours and it seems like that everybody who is running some bitcoin operation with off-chain 0 confirmations instant transactions (and is using txid for verification) like exchanges ( maybe Havelock(!) ) is vulnerable to malleability attack. +1 for this IMHO a lot of vendors, exchanges etc just haven't been doing house keeping. Once Gox spread the news malleability has become a new source of exploit for the kiddyscriptors as well as a convenient excuse for scam artists.
yes, i admit the negativity and conspiracy thinking in my recent posts ... but i hardly find something what makes me think different in bitcoin world in recent months, sorry about that. I am just careful. |
... Question Everything, Believe Nothing ...
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creekbore
Full Member
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 14, 2014, 01:29:53 AM |
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I did a research for past 48hours and it seems like that everybody who is running some bitcoin operation with off-chain 0 confirmations instant transactions (and is using txid for verification) like exchanges ( maybe Havelock(!) ) is vulnerable to malleability attack. +1 for this IMHO a lot of vendors, exchanges etc just haven't been doing house keeping. Once Gox spread the news malleability has become a new source of exploit for the kiddyscriptors as well as a convenient excuse for scam artists.
yes, i admit the negativity and conspiracy thinking in my recent posts ... but i hardly find something what makes me think different in bitcoin world in recent months, sorry about that. I am just careful. Careful is fine but if you only carry a hammer everything looks like a nail. Another way of interpreting Danny's message is that Neo is (thank the heavens) more professional and conscientious than the operators of some of the exchanges and vendors in BTCland. (yes, Karpeles I'm looking at you) BTC is a world changing protocol much like html was...but it is still in beta really and the infrastructure surrounding it needs to be improved significantly. My hope is that Neo will be one of those improvements. |
"Markets always move in the direction to hurt the most investors." AnonyMint
"Market depth is meaningless" AdamstgBit
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PeterHarrisonCY
Newbie
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Activity: 57
Merit: 0
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February 14, 2014, 01:45:42 AM |
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I did a research for past 48hours and it seems like that everybody who is running some bitcoin operation with off-chain 0 confirmations instant transactions (and is using txid for verification) like exchanges ( maybe Havelock(!) ) is vulnerable to malleability attack. +1 for this IMHO a lot of vendors, exchanges etc just haven't been doing house keeping. Once Gox spread the news malleability has become a new source of exploit for the kiddyscriptors as well as a convenient excuse for scam artists.
yes, i admit the negativity and conspiracy thinking in my recent posts ... but i hardly find something what makes me think different in bitcoin world in recent months, sorry about that. I am just careful. Careful is fine but if you only carry a hammer everything looks like a nail. Another way of interpreting Danny's message is that Neo is (thank the heavens) more professional and conscientious than the operators of some of the exchanges and vendors in BTCland. (yes, Karpeles I'm looking at you) BTC is a world changing protocol much like html was...but it is still in beta really and the infrastructure surrounding it needs to be improved significantly. My hope is that Neo will be one of those improvements. ` +1. I have met the NEO team and they are all great, and more importantly, more-then-capable. NEO will be revolutionary on many levels: For the 'Banking' Industry but more importantly for the Bitcoin. |
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lewicki
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February 14, 2014, 04:36:33 AM |
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Danny,
I hope your Traders are getting in some good practice. It's pretty wild out there!
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bitcoin.newsfeed
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February 14, 2014, 10:04:30 AM |
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Yeah guys, but I am talking about our PT shares on Havelock. I can only believe that NEOBEE internal software is up to date with protocol.
TAT are you considering 1 free transfer per month/2months/1Q from PT to Directs ? Or no chance? You know, we early investors didn't have a chance to buy direct shares in first place. I would like to transfer all Havelock shares to Directs ASAP. But honestly I don't like to pay that huge fee for it. I just read in AM thread that one guy lost 150 AM shares with enabled 2FA on Havelock. Wild wild west ...
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... Question Everything, Believe Nothing ...
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Stelios
Member
Offline
Activity: 112
Merit: 10
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February 14, 2014, 10:43:50 AM |
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Official response regarding the CBC announcement surrounding Bitcoin:
Date: 10th February 2014
"As the CEO of a leading company that is building the infrastructure surrounding the Bitcoin technology (Neo), I believe the announcement made by The Central Bank of Cyprus surrounding the dangers of using Bitcoin was reasonable. Innovation is always upsetting, not innovating and being left behind as the world evolves has historically proven to be far more dangerous though; if not for vested interests, then for the future generations.
As a responsible company we naturally agree that anything to do with personal or corporate finances should be treated with extreme caution, including financial products offered by traditional financial institutions. That is why our business offers free education to everyone on what we offer and the Bitcoin technology, to enable individuals to make an informed decision for themselves. We do not and will never set any sales targets within our business, because we believe this practice should be avoided when handling the individual and corporate financial needs of our customers.
The fact that the Wall Street Journal, which is one of, if not the most respected financial publications in the world, responded to the Central Bank warning in a comical fashion speaks volumes of the warning's content:
“So, is the institution – accused of failing to control the economy on the tiny Mediterranean island and allowing rampant tax avoidance and money laundering - saying Bitcoin is illegal? Not quite. Instead it warns that there are big risks associated with using the currency.”
The response made by The Wall Street Journal echo’s the issues that we have faced when engaging with international banking partners; they have never expressed an issue with Bitcoin, however they have all considered Cyprus as a high risk country.
Regardless of the reluctance of both the Central Bank and CySEC to regulate the businesses surrounding this new technology, Neo are still committed to establishing a clear regulatory framework for Bitcoin based businesses to operate within. We are proposing a full regulatory framework to both of these regulators and directly to the government. Some work will be required from these regulators to act upon this proposal and no single entity understands this technology better than ourselves, that is why we are offering our resources to help the regulators fulfill their mandate and regulate businesses to protect the consumer.
Neo are already subjecting ourselves to internal policies for Anti-Money Laundering and Know Your Customer that are more strict than any European legislation which surrounds these matters. We have taken these steps to ensure that we build a transparent institution. Due to the nature of the technology we utilize throughout our business, this higher level of transparency is more achievable than anything that has come before us.
If people want to use Bitcoin they will find their own way to obtain them in an unregulated manner, even if Neo didn’t exist. Isn’t it better for them to acquire them via a regulated market, that offers some level of protection?
Kind regards,
Danny Brewster
CEO - LMB Subsidiaries Limited"
Message to CBC: http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution |
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lolstate
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February 14, 2014, 10:56:55 AM |
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Huh. You couldn't make this stuff up. I wonder if the EU is the dinosaur and bitcoin is their extinction event.  |
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stenkross
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February 14, 2014, 12:05:13 PM |
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Huh. You couldn't make this stuff up. I wonder if the EU is the dinosaur and bitcoin is their extinction event. I will applaud and cheer during the funeral of that dinosaur! // EU-member |
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PeterHarrisonCY
Newbie
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Activity: 57
Merit: 0
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February 14, 2014, 02:25:54 PM |
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Huh. You couldn't make this stuff up. I wonder if the EU is the dinosaur and bitcoin is their extinction event. I will applaud and cheer during the funeral of that dinosaur! // EU-member Perhaps you mean the ECB rather than the EU?  |
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lolstate
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February 14, 2014, 02:45:31 PM |
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Perhaps you mean the ECB rather than the EU? They are essentially the same thing i.e. anti-democratic, wealth-confiscating 20th Century constructs not suitable for today's flatter world. If they could adapt to bitcoin, I suppose they would, but it will be beyond them, not least because they can't understand it. |
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runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
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February 14, 2014, 02:46:28 PM |
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Can't watch the vid right now - what was said? |
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PeterHarrisonCY
Newbie
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Activity: 57
Merit: 0
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February 15, 2014, 07:34:57 PM |
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Huh. You couldn't make this stuff up. I wonder if the EU is the dinosaur and bitcoin is their extinction event. Funny you should mention dinosaurs in this metaphor. Did you know that the name of NEO-BEE's software is called "Meteor"? |
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bromide
Newbie
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Activity: 43
Merit: 0
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February 15, 2014, 08:18:28 PM |
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Huh. You couldn't make this stuff up. I wonder if the EU is the dinosaur and bitcoin is their extinction event. Funny you should mention dinosaurs in this metaphor. Did you know that the name of NEO-BEE's software is called "Meteor"? Particularly funny since meteors burn up in the atmosphere in a lovely but irrelevant celestial display. You're thinking of meteorites. |
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professorY
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February 17, 2014, 03:26:43 PM |
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Do we know if there's a way to transfer direct shares TO Havelock yet? I know there was a method discussed for transferring from Havelock to LMB Holdings, but I want to go the other way.
Any updates on that?
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equipoise
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February 17, 2014, 03:44:00 PM |
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Do we know if there's a way to transfer direct shares TO Havelock yet? I know there was a method discussed for transferring from Havelock to LMB Holdings, but I want to go the other way.
Any updates on that?
tat.investments@gmail.com |
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professorY
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February 17, 2014, 04:27:40 PM |
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Do we know if there's a way to transfer direct shares TO Havelock yet? I know there was a method discussed for transferring from Havelock to LMB Holdings, but I want to go the other way.
Any updates on that?
tat.investments@gmail.comI thought that was only for going from Havelock to LMB? |
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ThickAsThieves
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February 17, 2014, 04:31:40 PM |
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Do we know if there's a way to transfer direct shares TO Havelock yet? I know there was a method discussed for transferring from Havelock to LMB Holdings, but I want to go the other way.
Any updates on that?
tat.investments@gmail.comI thought that was only for going from Havelock to LMB? You can transfer shares in either direction, for the posted fee (currently 0.2btc), by emailing and following given instructions. This has always been the case. |
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