In Another Exchange Bites the Dust News

CAVIRTEX exchange is closing.

http://www.coindesk.com/bitcoin-exchange-cavirtex-close-amid-security-banking-concerns/

 

A big 'UP' for all the Knights who were able to join last nights' teamspeak session.

I feel that every time we meet up, we strengthen the understanding between us, and thus make the team more able to meet the challenges we will face in making Zeitcoin the worlds' favourite currency.

For sure, there will be another one next weekend - same time unless there is a consensus for a change.

Reminder for the rest -

You only have 12 days to claim one of the 5 available seats at the high table - after that you face a long wait.

Q1: Inside job. If you have the private key everything is possible. Cold storage isn't a solution. Thief can import the key --> the wallet is hot.
Different scenario: Bruteforcing with vanitygen, high calculation power and a lot of luck. (watch my signature - It took ~10 Minutes with an old AMD card.)

There are some webpages with thousands of random-generated keypairs - If a key matches with an existing key (let's say the thief is monitoring all accounts >1000 BTC against his database) he would be the winner. And the next question could be: Is "thief" the right term then? (I don't know how key generation in Bitcoin core works, but if it works with a system time randomizer, you could try to generate addresses with a manipulated system time. But that's only a thought.)

A "good" key generation could be: Mouse moving + personal message + systime + actual CPU temperature + ID of the third process in your taskmanager + hash of the current block. http://zeit-coin.net/palm.png

Had too much beer today.

Cheers,
Ray