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Author Topic: THE CRYPTO-CURRENCY [New Yorker Magazine Article]  (Read 5103 times)
Andrew Bitcoiner (OP)
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October 03, 2011, 07:35:33 AM
 #1

http://www.newyorker.com/reporting/2011/10/10/111010fa_fact_davis

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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October 03, 2011, 10:39:43 AM
 #2

+1 Great stuff  Grin

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October 03, 2011, 10:47:30 AM
 #3

Seems like it may be an entertaining read but I'm not a subscriber. Does anyone know of somewhere to read this without being one?

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October 03, 2011, 10:53:01 AM
 #4

Seems like it may be an entertaining read but I'm not a subscriber. Does anyone know of somewhere to read this without being one?

Nobody subscribes to the New Yorker. They are just given out freely to be placed in dentist and doctor waiting rooms.

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October 03, 2011, 11:22:54 AM
 #5

Seems like it may be an entertaining read but I'm not a subscriber. Does anyone know of somewhere to read this without being one?

Nobody subscribes to the New Yorker. They are just given out freely to be placed in dentist and doctor waiting rooms.
Sounds about right but not in my area. I'm not paying $6 to read one article... oh well. C'est la vie.

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October 03, 2011, 01:52:36 PM
 #6

Finally some good press, nice article.

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More about me: http://CharlieShrem.com
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October 03, 2011, 01:54:27 PM
 #7

If someone wants to post a copy of this up on Ubitio.us or BitcoinService.co.uk, I'd pay a fraction of a bitcoin to read it...
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October 03, 2011, 03:16:30 PM
 #8

Everyone should read this, I enjoyed it.
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October 03, 2011, 03:27:48 PM
 #9

Everyone should read this, I enjoyed it.

Litt, we can't, it's subscriber content... if you posted your user/pass we could read it Tongue (jk)

(BFL)^2 < 0
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October 03, 2011, 03:44:55 PM
 #10

I might even say it's worth it if you enjoy reading about bitcoins. It's covers all the basics without bias imo and the best article I've read covering bitcoin by media. I espcially enjoyed reading about Satoshi investigation and the quote "Bitcoin will survive a nuclear attack".  Grin
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October 03, 2011, 03:52:02 PM
 #11

someone could at least post some relevant excertps here as long as it's not the whole artile and you make mention of the original source

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October 03, 2011, 06:28:43 PM
Last edit: October 03, 2011, 07:00:01 PM by supertubes
 #12

The New Yorker article is big news for us in several respects.

First of all, for those of you who have hoped some extremely wealthy individuals would invest even a small fraction of the wealth they manage in the bitcoin economy for fun, that will happen in the wake of this article or never.  New Yorker has successfully targeted the wealthiest demographic in New York for decades.  It is riddled with ads for financial management companies, villas for rent in Italy and Spain, Tiffany jewelry, etc.  The article may not be on the internet, but I guarantee you that as of this evening it will be sitting on every single coffee table along Fifth Avenue and Central Park West.

Second of all, it is one of the most prestigious gigs for journalists, and all of their articles are top-notch.  This one is no exception – it explains Bitcoin beautifully, and is *very* engaging and positive.

But most significantly, I am convinced that the investigative journalist who wrote it, Joshua Davis, has successfully identified Satoshi!  You heard it here first: Michael Clear.

This article is absolutely worth six bucks to read, could even be a catalyst for a new bubble, or better, could win over someone powerful enough to move the commercial acceptance of bitcoin forward in a very significant way.
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October 03, 2011, 07:03:22 PM
 #13

Mentioned on NPR Planet Money blog - http://www.npr.org/blogs/money/2011/10/03/141011155/did-a-reporter-just-solve-the-bitcoin-mystery
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October 03, 2011, 07:40:46 PM
 #14

Thanks for the heads-up on this forum.  It was good enough news to provoke me into gobbling up some more BTC.

sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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October 03, 2011, 07:44:00 PM
 #15

Thanks for the heads-up on this forum.  It was good enough news to provoke me into gobbling up some more BTC.

As much as I advocate Bitcoin, I really don't think you should be eating it =/
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October 03, 2011, 07:53:14 PM
 #16

Thanks for the heads-up on this forum.  It was good enough news to provoke me into gobbling up some more BTC.

As much as I advocate Bitcoin, I really don't think you should be eating it =/

I should have said 'changing the color of some poker chips'.  Wink

sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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October 03, 2011, 09:08:04 PM
 #17

Seems like it may be an entertaining read but I'm not a subscriber. Does anyone know of somewhere to read this without being one?

Did you click the link dude?

Yes, we did. That's why he asked for somewhere to read the article; you linked to a summary, not the original article.

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October 03, 2011, 09:23:30 PM
 #18

It's an article sent from the future...
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October 04, 2011, 12:50:20 AM
 #19

The article is available for your Kindle (but not Kindle app on PC?!) for $2.99/mo.

http://www.amazon.com/The-New-Yorker/dp/B001O2SCKI/

Note that there is a 14 day free trial where you can cancel the subscription within that time and get refunded. I haven't tried this myself b/c I only have the PC app anyway.

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October 04, 2011, 03:55:12 AM
 #20

The article is available for your Kindle (but not Kindle app on PC?!) for $2.99/mo.

http://www.amazon.com/The-New-Yorker/dp/B001O2SCKI/

Note that there is a 14 day free trial where you can cancel the subscription within that time and get refunded. I haven't tried this myself b/c I only have the PC app anyway.

It's not available for people in Australia either, according to the Amazon page.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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October 04, 2011, 04:07:14 AM
 #21

The article is available for your Kindle (but not Kindle app on PC?!) for $2.99/mo.

http://www.amazon.com/The-New-Yorker/dp/B001O2SCKI/

Note that there is a 14 day free trial where you can cancel the subscription within that time and get refunded. I haven't tried this myself b/c I only have the PC app anyway.

It's not available for people in Australia either, according to the Amazon page.
That's right. I think only USA as I had my Kindle account "located in" Canada and had to change it to USA to get the price to show up, and then I found out it doesn't support download to PC app anyway.

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October 04, 2011, 06:36:49 AM
Last edit: October 04, 2011, 07:07:49 AM by BitterTea
 #22

http://ubitio.us/file/download/631 (0.1 BTC - help pay for my $6.99/month subscription)
http://www.bitcoinservice.co.uk/files/1155 (0.0 BTC - but I'm not going to force you to pay)
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October 04, 2011, 07:59:20 AM
 #23

Concerning the full article as opposed to the abstract: That was absolutely the best Bitcoin article I've ever seen, by far. Joshua Davis has been researching this for months. If I can find a New Yorker on a store shelf, I'm going to buy it.

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October 04, 2011, 12:10:45 PM
Last edit: October 04, 2011, 12:47:25 PM by Maria
 #24

Concerning the full article as opposed to the abstract: That was absolutely the best Bitcoin article I've ever seen, by far. Joshua Davis has been researching this for months. If I can find a New Yorker on a store shelf, I'm going to buy it.

I must add to that. He is WAAAAAAAAAAAY OFF on (Satoshis's Trail(TM) E-Book available soon at amazon.com). Keep guessing.

Maria.

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October 04, 2011, 12:14:06 PM
 #25


It seems the story in the new yorker is enough to convince some of the Irish.


Quote
The secret Irishman likely behind bitcoin the internet currency code

JAMES O'SHEA
2011-10-04

http://www.irishcentral.com/news/The-secret-Irishman-likely-behind-bitcoin-the-internet-currency-code-131039168.html

"The mysterious figure who created a new currency called bitcoin on the net that has intrigued millions around the globe is very likely a 23-year old Irish student named Michael Clear ‘The New Yorker’ magazine has revealed."

"The new currency called bitcoin on the net was invented by an Irishman"

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October 04, 2011, 03:22:17 PM
 #26

http://ubitio.us/file/download/631 (0.1 BTC - help pay for my $6.99/month subscription)
http://www.bitcoinservice.co.uk/files/1155 (0.0 BTC - but I'm not going to force you to pay)

Downloaded from ubitious and reading right now - upload legit. And really fascinating!

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October 04, 2011, 05:38:14 PM
 #27

http://www.bitcoinservice.co.uk/files/1155 (0.0 BTC - but I'm not going to force you to pay)
Is it actually possible to pay 0BTC?  When I try to enter 0 into the "spend coins" dialog of bitcoin version 0.4.0, I get the message "Error in amount."
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October 04, 2011, 06:32:52 PM
 #28

http://www.bitcoinservice.co.uk/files/1155 (0.0 BTC - but I'm not going to force you to pay)
Is it actually possible to pay 0BTC?  When I try to enter 0 into the "spend coins" dialog of bitcoin version 0.4.0, I get the message "Error in amount."

You don't have to, the download will start automatically after a while.

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October 04, 2011, 08:07:30 PM
 #29

It's indeed a very good article. The reporter is very talented and dedicated. He has good writing skills, and the "detective work" was well done.
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October 04, 2011, 08:14:19 PM
 #30

It's indeed a very good article. The reporter is very talented and dedicated. He has good writing skills, and the "detective work" was well done.

Agreed, great article. Wonderful writing and narrative.
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October 04, 2011, 10:50:15 PM
 #31

Satoshi Cat Knows..


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October 05, 2011, 12:00:37 AM
 #32

http://www.bitcoinservice.co.uk/files/1155 (0.0 BTC - but I'm not going to force you to pay)
Is it actually possible to pay 0BTC?  When I try to enter 0 into the "spend coins" dialog of bitcoin version 0.4.0, I get the message "Error in amount."
Just reload the page without sending btc and the download starts.

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October 05, 2011, 12:30:39 AM
Last edit: October 05, 2011, 12:55:43 AM by fivebells
 #33

You don't have to, the download will start automatically after a while.
 Thanks; that didn't seem to be the case before, but it does now.

The article says
Quote
The truth is that most people don't spend the bitcoins they buy; they hoard them, hoping that they will appreciate.
What's the evidence for this?  Is it somehow verfiable in the block chain?

Quote
He quickly identified nine ways to compromise the system and scoured Nakamoto's for an insertion point for his first attack.  But when he found the right spot there was a message waiting for him.  "Attack removed," it said.  The same thing happened over and over again, infuriating Kaminsky.
 This does not seem to be literally true.   Am I searching incorrectly, or are there actually explicit (but different) comments in the repository somewhere?

Code:
met% git log | grep '^commit' 2> /dev/null | cut -d ' ' -f 2 |  xargs -n 1 -i git diff -r {} | grep -C 3 -i remove | grep -i attack | sort -u
-    - added blinding for RSA and Rabin to defend against timing attacks
+    - added blinding for RSA and Rabin to defend against timing attacks
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October 05, 2011, 07:43:32 AM
 #34

Quote
He quickly identified nine ways to compromise the system and scoured Nakamoto's for an insertion point for his first attack.  But when he found the right spot there was a message waiting for him.  "Attack removed," it said.  The same thing happened over and over again, infuriating Kaminsky.
 This does not seem to be literally true.   Am I searching incorrectly, or are there actually explicit (but different) comments in the repository somewhere?

Of course it's not literally true. It's just some way of saying that any flaw the guy initially thought he could exploit had already been foreseen by Satoshi.
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April 19, 2013, 02:03:32 AM
 #35

FWIW, I've taken the PDF posted on cryptome, transcribed it, and put some work into annotating all its claims and references: http://www.gwern.net/docs/2011-davis

If nothing else, it's much more pleasant to read and easier to quote.
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