the way i see it: main disadvantage: infinite inflation - which isnt necessarily always good. main advantage - decentralizing the currency can do a lot of good to a lot of people, mainly outside the usa and Europe
naorai
You're the second person ITT to make the hyperinflation conclusion but neither of you have mentioned how to arrive there. Can you explain how you got there because I'm not seeing it? How is the currency going to be devalued to that point?
Hyperinflation. Everyone will want to get rid of their remaining fiat currency as quickly as possible. Many people will end up with bags of dollar bills and nothing to eat. Maybe the governments will step in and offer to buy fiat currency at a fixed rate (and subsequently destroy the bills and coins) using tax Bitcoins, so fiat currency holders won't end up starving. The transition period will feel like after a world war. After a few years the wounds will have healed, power and welth will have shifted to new owners, just like a few years after the world wars.
Philipp
Can you explain how you came to the hyperinflation conclusion?
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BoardBeginners & Help
Bitcoin malware samples
by
CamelToeBob
on 18/06/2011, 21:32:43 UTC
If anyone has managed to gather any samples myself and a few friends would love to take a look at them. Results from the analysis would be posted back here in their entirety.
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BoardBeginners & Help
Re: If your Mt. Gox account has been compromised, PLEASE READ.
I will list some of the found (potential) attack vectors here and their relation to my own account (I can only speak for myself):
* CSRF vulnerability - not applicable to my account, the BTC were transfered at a time I could not access Mt. Gox at all, let alone be logged in. * CSS history vulnerability - not applicable to my account, unfeasible for non-dictionary passwords over 6 characters (mine was randomized 20) * Android app - not applicable to my account, I do not have an Android phone nor have I ever touched the app, I have also never entered my Mt. Gox details anywhere but on Mt. Gox itself * Malware/keylogger/etc - almost certainly not applicable to my account, I turned my entire computer upside down with manual analysis (something I already do regularly) and haven't been able to find anything * Distributed bruteforce (using a botnet) - possibly applicable to my account, but unlikely due to password length... it IS a possibility however, with a large enough botnet it's feasible.
Now the question is, what is the cause for my account (and potentially others)? I believe there's a mix of different attacks being used here.
The message from mtgox makes it sound like some type of XSS.
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BoardBeginners & Help
Re: Introduce yourself :)
by
CamelToeBob
on 18/06/2011, 21:01:41 UTC
Oh, Hai Gais! I wanted to do bitcoining but all I have is a TI-84 powered by a few very young gerbils. How many MH/s can I get with it?