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Showing 20 of 108 results by alc
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Board Bitcoin Discussion
Re: Warning!
by
alc
on 28/10/2017, 15:40:49 UTC
Retaining control of the contents of your wallet should be more important to you than a potential quick profit from getting to dump the losing chain.

If your bitcoin is on an exchange, it's not "your" bitcoin any more, regardless of what the exchange may say or promise. They may cut and run, they may Gox it up, and you've got no control since you don't have the private keys to "your" bitcoin. It's only yours if you have those keys and nobody else does. Nobody knows what's going to happen when Segwit2X goes down, and nobody can predict how the exchanges will respond. Stay safe, and stay in control.
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Board Altcoin Discussion
Re: -- The Riddle of the father and son - Who Was, is and Will Rule the World!
by
alc
on 30/11/2015, 13:02:22 UTC
As ixcoin continues its inexorable drop, to the point where even Vlad has to acknowledge it as a "prediction" (not exactly what you've been predicting thus far, I might add - "up to $10 each within the next 30 days" I recall, at one point), we're treated to the spectacle of Vlad calling someone else a numerology conspiracy nut. That's the absolute peak of this thread. You two are as mad as hatters and a perfect match. Keep it up!
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Board Altcoin Discussion
Re: Ixcoin TODO
by
alc
on 11/09/2015, 11:32:15 UTC
Just so we're clear, are you pretending that the user "iXcoin Foundation" isn't you? Because all of their posts have the same overuse of italics and nutty writing style as yours.
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Board Meta
Re: Just remove signatures already. As in delete, disable, gone.
by
alc
on 04/06/2015, 20:10:31 UTC
You are mistaken.  You are not on the list.
Apologies if the intended humour wasn't obvious.

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I don't know for certain, but I suspect that the forum administrators and moderators don't want to have the responsibility of trying to decide which signatures are valid, and which are part of a campaign.
Removing sigs entirely would obviate this responsibility, no?

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perhaps the site administration feels that high quality posters should be allowed to benefit financially through advertising for their participation.
Most people perceive and expect a clear distinction between advertisement and content, and ad sigs blur this significantly. If advertisers want to advertise on the site, they should do it through traditional channels, that don't introduce obvious conflicts of interest.
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Board Meta
Re: Just remove signatures already. As in delete, disable, gone.
by
alc
on 04/06/2015, 18:28:49 UTC
With sincere respect to Danny's efforts, he is attempting to win a game of whack-a-mole, which history and logic warn against. I wish him well on his war against the moles, but consider it a distinctly Sisyphean task - and more to the point, it shouldn't be necessary. (He also apparently shitcans people for other, more subjective transgressions, such as profanity, which leads to the amusing possibility that, were I to adopt his list, I'd be unable to see my own posts.)

In any case, it's a heavy-handed, all-or-nothing approach to treating a complex symptom, when there's such a simple way of tackling the cause. Nobody needs ad signatures, they communicate nothing of any merit, and it's evident beyond any reasonable doubt that the quality of posting on the forum would be improved by their absence. I just don't understand why the glaringly obvious solution continues to be ignored.
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Board Meta
Re: Just remove signatures already. As in delete, disable, gone.
by
alc
on 04/06/2015, 12:54:43 UTC
The SNR is beyond fucked at this point, and the inaction on this one very basic issue makes it clear that the staff are unwilling to take even the simplest step toward remedying the situation.

Shame, really. I certainly find myself visiting less and less; I never posted much anyway, but it's just too much effort trawling through the reams of garbage to get at the interesting stuff.
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Board Altcoin Discussion
Re: Ixcoin TODO
by
alc
on 04/06/2015, 12:47:05 UTC
What they've been trying to do for 2 years now is destroy my reputation and make me look unstable
Your "twin brothers" thread is so chock full of batshit loco nonsense (numerology, quotes from the book of Revelation, etc etc) that I think it's fair to say you do an excellent job of both ruining your reputation and making yourself look unstable. For instance (from the same post as above, no less):
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I have become iXCoin.
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I am your only connection to reality.
These are really excellent examples of crazy things to say! Especially when the topic of discussion is an ostensibly decentralised currency.

Vlad, you crack me up. I can't believe anyone would take you seriously, much less give you any money, but hey, there's the old saying about one being born every minute...
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Board Bitcoin Discussion
Re: Who is "Variety Jones"?
by
alc
on 01/06/2015, 10:48:10 UTC
If he is LE then he sure doesn't sound like one.
What do you think undercover LE sounds like? "Good morning mr. kingpin sir, what grand criminal conspiracy are we going to undertake today?"

It's called "playing the part". The fact that no arrest has been made does make a compelling case that that entity was, at the very least, cooperating with law enforcement. They rounded up practically everyone else - even the witless compsci major who gave Ross a few coding tips back in the day. DPR's mentor not being arrested, despite his identity apparently being within reach of a determined government agency? That just doesn't make sense to me.
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Board Bitcoin Discussion
Re: Ross Ulbricht faces a potential life sentence starting tomorrow.
by
alc
on 29/01/2015, 18:02:31 UTC
I didn't find that anywhere and i think it's bullshit that someone under this big operation that he had enought money just from running the site, why would he risk the dealing?
Makes no sense Wink
It wasn't a big operation, the mushrooms were the first product on the site and that's exactly why he was growing them in the first place.

Go read the journal, it's interesting. It's also interesting to compare the early verbose, idealistic diary of 2011 against his later notes on running the site in 2013, the latter of which (if genuine) are quite chilling. Routine stuff about DDoS attacks and PHP upgrades and whatnot is punctuated with statements like "arranged hit with angels" as though arranging a murder was just another entry on the day's to-do list.
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Board Bitcoin Discussion
Re: New Book
by
alc
on 09/01/2015, 20:39:00 UTC
Post
Topic
Board Mining
Re: Can you mine with an xbox or wii?
by
alc
on 20/12/2014, 20:14:51 UTC
I'd like to see, a Xbox mining coins, whilst it's idle and then depositing this, as credit, back in to the internet, for the user to benefit from, when he/she plays.  Grin
Given this would cost the user substantially more in electricity than they'd see in bitcoin, I doubt they'd consider it much of a "benefit".

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Riddle: if I mine 2.0btc in 30 days with only 1x 1500watt miner, how am I doing it?
In the past.
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Board Bitcoin Discussion
Re: My jaw is still on the floor.
by
alc
on 18/12/2014, 16:13:58 UTC
Lastly, Bitcoin total coins = 21 million. Ether total = 60 million. Bitcoin is scarcer.
Scarcity is not meaningfully correlated to the units chosen to represent total coinage in cryptocurrencies. That's like someone saying "you can have 1 pint of this beer or 568ml of this other one" and you deducing that the 1 pint must be "scarcer" than the 568ml beer. The units involved don't really matter, it's what's in the glass that counts - i.e., does the cryptocurrency provide utility and value, or does it not.
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Board Meta
Re: Can we have newbie jail back, please?
by
alc
on 07/12/2014, 02:41:33 UTC
Bring back newbie jail.
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Topic
Board Bitcoin Discussion
Re: Decentrally mined currency has failed and can't possibly be rescued
by
alc
on 30/11/2014, 19:20:39 UTC
Anyone who has their transactions "banned" by pools will simply pay enticing enough fees to have other miners include their transactions. OP seems to ignore financial incentives when speaking about banning Bitcoin. If there is money to be made, people will route around any regulations. This has been proven over and over again in the history of the world.
A few questions.

If people have to pay high fees to get their transactions confirmed, why would they use Bitcoin rather than some competing form of money transfer?

If the the hashrate of miners including blacklisted transactions shrinks to insignificance vs. those who adhere to the blacklist, surely it doesn't matter how high the fees are? Those transactions could take weeks/months/years to confirm, depending on what percentage of the overall hashrate the adhering farms represent.

Do you see a future (decade+) in which hobbyists continue to be involved in mining, continuing to represent a significant share of the hashrate?
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Board Bitcoin Discussion
Re: Decentrally mined currency has failed and can't possibly be rescued
by
alc
on 30/11/2014, 18:22:38 UTC
The centralization of farms is a bigger problem than the centralization of pools.
Agreed, though really they're two different expressions of the same problem: the impetus towards centralization via economies of scale.

because he is mis understanding the multiple users connected to a mining pool, centralisation (which i and the OP mentioned) vs a single mining farm centralising the hash power.
See above.

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turvarya]ad 1. lol, where? China?
There were some banning of websites in Austria, but I just changed my DNS for that.

ad 2. with all the lobbying from the content companies in the governments, i don't see how it is a smaller issue for the governments. They really tried a lot, to get such sites offline and they clearly failed. I mean, you don't really want to tell, they didn't try pretty hard, do you?
1/ http://en.wikipedia.org/wiki/Countries_blocking_access_to_The_Pirate_Bay
2/ You don't see "copyright" as a smaller issue than "control of money"? You're entitled to your opinion, I suppose.

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Board Bitcoin Discussion
Re: Decentrally mined currency has failed and can't possibly be rescued
by
alc
on 30/11/2014, 16:10:46 UTC
I have stopped reading after a while.
I just have one question:
If governments can regulate everything, why is https://thepiratebay.se/ still there?
1/ In many places, it isn't, thanks to government regulation.
2/ "Potentially illegal filesharing via a bittorrent site" is a somewhat smaller issue than "global money transfers".

Quote from: franky1
mining pools are just a small part of bitcoin and no matter what law comes about to attempt to control bitcoin, people can just change the software as mentioned above to flip between IP addresses to lessen the chances of being traced. and also people can use different types of pool software such as p2pool etc which offer different features.
Your solution to most things seems to be "change ip address". This is fantastically short-sighted. You also seem to be conflating or confusing the issues of anonymity and freedom of transaction.

If the rapid centralization of mining hardware that we're seeing continues, and control of mining effectively consolidates into the hands of a few, then it is not much of a stretch of the imagination to think that governments/banks/corporations will seek to compel the victors (the cex.io's of the next decade) to blacklist transactions that they consider fraudulent. Your identity may be secure behind TOR (I wouldn't bet on it, personally) but if your address is blacklisted then you're still screwed, and no amount of TOR exit node hopping is going to change that.

The centralization of pools is a problem until it is solved, apparently p2pool is not the solution, and this sort of hand-waving and saying "it'll be ok, we'll figure this out" strikes me as naive, and fundamentally unwise.
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Board Trading Discussion
Re: thoughts on HFT trading advantages
by
alc
on 22/11/2014, 19:59:22 UTC
Quote from: Rannasha
Bitcoin exchanges are far too slow for actual "high-frequency trading".
Yeah, many orders of magnitude so. There's also risk inherent in trying - people used to arbitrage Gox against other exchanges. Profit was slow in arriving, but consistent (thanks, Markus!), right up until it wasn't. I doubt there was a happy ending for most who were doing so.
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Board Bitcoin Discussion
Re: Bitcoin Foundation to repair relationship with community
by
alc
on 04/11/2014, 16:27:30 UTC
When Andreas left the foundation, I requested a refund of my 0.3 BTC donation for lifetime membership. They denied my request.

Allowing refunds would be a great place to start building good will. Maybe if I like the new direction you take the foundation I'll donate again, but holding my donation hostage in an entity that has changed is not cool.
I don't think many/any foundation (or similar entity that accepts donations) is ever going to be willing to give refunds in the way that you request. When a foundation receives a donation they will plan their budget accordingly however if they were to honor requests to refund donations then they would have no way to make a budget.

What you are asking is also essentially that they buy people's trust
Yeah, well, most boards don't have "lifetime memberships" either. Maybe that's a pretty horrible idea?

Most boards work hand-in-glove with members at smaller, budgetable paces. They donate yearly or quarterly for their seat on the board. They sever ties by severing business propositions.

Do you realize how ridiculous it would be to say "OK, I'm going to provide my [utility service] to you at a discount forever, but I get to steer your organization for eternity as well" and PAY UP FRONT? Silly.
Well, maybe you expect to be able to claim a refund on every donation you make to a foundation, but I'd argue that you're misconstruing the concepts of "donation" and "foundation". Irrespective of where you stand on the Bitcoin Foundation (they're due their share of criticism, it seems), it is unreasonable to expect donations to be refundable in perpetuity.

(As an aside to Beliathon, I have often enjoyed reading your posts in the past - please don't take this as a personal attack.)
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Board Bitcoin Discussion
Re: I warned you
by
alc
on 03/11/2014, 10:41:53 UTC
So if the price doesn't move accordingly to the "wave theory" then it's manipulated? LOL
This.

That article uses a lot of words to say very little of substance. All it amounts to is a hunch.
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Board Altcoin Discussion
Re: -- The Riddle of the father and son - Who Was, is and Will Rule the World!
by
alc
on 04/10/2014, 10:58:31 UTC
As entertaining as all this is, I thought I'd click on a random page from this thread and pick out a few of your older prophecies.
I firmly believe we will see a few countries fully back or switch to BTC and/or other cryptos before this year is over.
So that's happening in less than 2 months now, right? Multiple nation states making that big ol' change from fiat over to crypto? Riiight.

I am going to go on record and state what seems impossible right now - but I fully expect the price of iXcoin to rise 100-fold, to roughly $10 per coin in under 30 days.

If I prove correct, don't forget just how impossible this prediction seems to be today, cause after the fact, everyone likes to say: I knew it all along, it was obvious.
Well, that sure as shit didn't happen.

Buy all you can tomorrow if [Bitcoin] drops hard cause it's a ruse and within 2 weeks BTC will skyrocket, and soon after we'll know Wall Street is in and then $10,000 will come earlier this year than anyone realizes.
Still waiting on those $10,000 bitcoins. From earlier this year.

To be clear, these are all quotes from one page picked at random. Three separate predictions that are complete, demonstrable nonsense. So instead of pointing out the predictions you "got right" (the ebola one is a bit of a stretch if we're being serious, and bravo for predicting that a coin might fluctuate upwards in value and being right for once), how about owning up to the hundreds that you didn't?

Edit: here's another corker
all the other coins will wilt and die on the vine [Bitcoin included] and this will become very evident later this year, when iXcoin takes the second place position from LTC on CoinmarketCap.
How much later should we expect this? November? Christmas, maybe?