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Showing 20 of 125 results by chrisLG
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Topic
Board Bitcoin Discussion
Re: Will Bitcoin get the ability to implement reversible transactions?
by
chrisLG
on 22/07/2016, 23:13:41 UTC
No. That is going to be implemented on top of bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: Roger Ver's hackers speculation thread
by
chrisLG
on 16/09/2014, 07:38:46 UTC
Post
Topic
Board Auctions
Re: create bitcoin address with your name
by
chrisLG
on 12/03/2014, 18:24:38 UTC
If you generate the address for me, you will have the private key and will be able to spend my coins. What good is that for?
Post
Topic
Board Development & Technical Discussion
Re: Can coins be destroyed in a more 'polite' way?
by
chrisLG
on 12/03/2014, 17:50:32 UTC
There is no actual way of "destroying coins". Even sending to an address with a private key that isn't known, a person can also get a lot (and i mean a real lot) amount of hashpower to bruteforce the key. Although it would be difficult, the coins are still recoverable.

Coins can be mined out of existence (miner selects a reward less than the max allowed).

Still coins sent to addresses with no known private key are effectively lost.  No you can't brute force it with a lot of hashing power (not even all the computing power on the planet).  If you could then Bitcoin would be worthless.

As far as I know, you can perfectly try and bruteforce a bitcoin address. By simply using VanityGen. Your odds will be next to zero, but that DOES NOT mean it is impossible. Also, how do you know that in the near future there won't be asics capable of doing so?

See my post. It is also possible to be struck by lightning every minute for the next 14 Billion years. It's just so unlikely that you might say it is impossible.
Post
Topic
Board Development & Technical Discussion
Re: Can coins be destroyed in a more 'polite' way?
by
chrisLG
on 12/03/2014, 17:35:30 UTC
Coins can be mined out of existence (miner selects a reward less than the max allowed).

Oh nice - I did not know that. Is the miner able to take "up to" the block reward? I was under the impressum the miner gets credited the reward and that was it.
Post
Topic
Board Development & Technical Discussion
Re: Can coins be destroyed in a more 'polite' way?
by
chrisLG
on 12/03/2014, 17:26:59 UTC
There is no actual way of "destroying coins". Even sending to an address with a private key that isn't known, a person can also get a lot (and i mean a real lot) amount of hashpower to bruteforce the key. Although it would be difficult, the coins are still recoverable.

No they are not.

Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
chrisLG
on 11/03/2014, 16:31:26 UTC
Post
Topic
Board Bitcoin Discussion
Re: Hackers steal data from MtGox server and release it with Mark's reddit account.
by
chrisLG
on 10/03/2014, 16:12:38 UTC
For what it's worth: I compared some of my trades with the leaked data. I found my transactions that I searched (although I just looked at a few transactions from october 2011).

Will try to import it to a db to get a better overview.
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
chrisLG
on 06/03/2014, 17:03:26 UTC
maybe i misunderstood, but didnt Gavin Andressen kinda validated this info??

No - he just regrets talking to that "journalist" because his description of Satoshi led her to believe Dorian was Satoshi.
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Topic
Board Bitcoin Discussion
Re: Satoshi Nakamoto Doxxed: Don't Blame The Reporter
by
chrisLG
on 06/03/2014, 16:29:09 UTC
Come on now, try to think for one second..

I can think of hundreds...

"Did you work on a classified government project?"

"Did you work on a innovative technology project?"

"Did you program a (insert whatever you want)?"

"Did you invent (insert vague tech. concept)?"

"Did you head a group working on (insert whatever you want)?"

"Did you build the world's most realistic scale model train?"

 Grin

I don't know guys.. what possible question could have produced a response like that?

I see a lot of embarrassing confirmation biases on BT today.

+1 This is exactly what I wanted to comment on this situation. Ask any person that worked on classified government projects "can you comment on the classified work you did?" and they will answer what Dorian Nakamoto answered.
Post
Topic
Board Trading und Spekulation
Re: Der Aktuelle Kursverlauf
by
chrisLG
on 06/03/2014, 16:21:11 UTC
Unglaublich, was für einen Mist man hier liest.....

+1
Post
Topic
Board Bitcoin Discussion
Re: **Breaking news** Satoshi Nakamotos identity revealed
by
chrisLG
on 06/03/2014, 16:18:16 UTC
If this man is not Satoshi, it would be quite simple for the real Satoshi to come out and make an anonymous statement (signed tx) that it is not him.

Actually the real Satoshi could sign whatever he pleases to write. Even if it's wrong. So a message signed by Satoshi that says "this is not me" doesn't prove anything except the fact that Satoshi signed a message saying "this is not me".
Post
Topic
Board Biete
Re: Verkaufe Topdomain bitc0in.de
by
chrisLG
on 06/03/2014, 15:30:13 UTC
Top-Domain?
Post
Topic
Board Development & Technical Discussion
Re: Million dollar idea or noob question
by
chrisLG
on 05/03/2014, 05:46:49 UTC
So I was watching a BTC piece on Bloomberg West show today which polled the audience in regard to their trust in BTC after the gox collapse, which was an overall pretty negative piece. This has pushed me to finally ask, you, the experts:

That sounds like a great source for false information and misunderstanding.  Please don't base your knowledge about bitcoins from sources like this.

since each coin has a 'unique id' of sorts,

It doesn't. That is a complete misunderstanding of how bitcoin works. There is no "unique id" that represents any portion of a bitcoin at all.  If you think that's confusing, it will really blow your mind when you learn that there is no such thing as "a bitcoin". The concept of "a bitcoin" is an abstraction that we humans use to make it easier to talk about the concept of transfering control of value.

why isnt there an app/extension of wallet software that 'locks' coins to an account or wallet (ie. locks them ultimately to an end user) which means they are not transferable until the account holder unlocks them.

Any reasonably designed bitcoin wallet (such as Armory, Bitcoin-Qt, Electrum, MultiBit, blockchain.info, BitcoinWallet, and Mycellium) all already do this.  If you transfer your bitcoins to any such bitcoin wallet, they are "locked" until someone with access to the specific 256 bit password that locked the bitcoins (called a "private key" in cryptography) creates a digital signature authorizing the bitcoins to move again.  This is the actual purpose of wallet software.  Unfortunately, many people choose to give their bitcoins to someone else and hope that the person/company they give them to will honor their promise to secure and return the bitcoins in the future.

maybe i misunderstood how blockchain works exactly?

Almost cetainly.

the lock could be opened with a phone call/escrow like human to human system with verbal passwords (or whatever 2/3 factor level security desired by the user or that the company is prepared to offer

A phone call or email are far to easy to fake.  I prefer the security of industry leading cryptography that requires an electronic message with a cryptographically secure digital signature.  That way it is impossible to pretend to be me unless you can get your hands on my 256 bit password.

They need to be unchained from the user account to actually be used.

Yep.

Obviously this would only be appealing to hoaders/savers or people simply nervous about security who dont spend their BTC too fast or very often (for this type of user they could unlock one coin at a time as they need it, or have low level lock on them

Nah.  With well written software that can instantly create digital signatures at the request of the user, the specific value of bitcoins that the user desires to spend could be released from the "lock" in an instant while all the other bitcoins remain securely locked.  Furthermore, any bitcoins received could be automatically locked even if the software wasn't running.  This is the power of well executed cryptography (and is the design of bitcoin).

It could be the shot in the arm the BTC world needs to get more mainstream support as it would really show how much safer it could be compared to fiat.

So, what you're saying is that bitcoin really needs more education.  Well, I think everyone would agree with that, but how to educate new users who don't bother to try to learn anything, while providing convenience that won't stifle interest?

If this is a million dollar idea and you steal it to get rich, please send me some donations:)
1LCpoQBWJNaM6MhuVvnAnJcUUcZkSNY3xp

Since Satoshi is the one that implemented your million dollar idea, you'll have to hit him up for the donation (if you can find him).

Or if its just a noob rant then can someone explain to me why it doesnt work - technically speaking i mean

Technically it does work.  It works really well. Unfortunately, it can't work for those users that choose to give their bitcoins to someone incompetent.

since the coins have unique ids

They don't.

and user accounts have unique ids why cant they just be locked together...?

They can.  MtGox was just lazy and incompetent, and yet users chose to leave their bitcoins there anyhow.

Marketing wise, i think its a winning service that BTC holding companies (wallets, exchanges...) should offer

Agreed.  Hopefully more companies that hold deposit accounts will implement better security protocols soon.  In the mean time, we can vote with our bitcoins. Don't send your bitcoins to a company that doesn't provide you with a secure way to link your identity to your withdrawls.

even though it somewhat undermines BTC improvements over fiat for transmission processing speed etc

It doesn't.  Computers are very fast, and well written software can generate a digital signature with a click (and perhaps a quick 2-factor authorization).

i think it would get a lot of mainstream attention.

The media doesn't bother paying attention to the details.  They need to sell advertizing, which means they need to attract viewers.  The easiest way to do that is to create sensationalist stories with little focus on facts and details. (most of the viewing public finds facts and details boring)



+1

This!

Thank you for your well-written piece.
Post
Topic
Board Development & Technical Discussion
Re: Million dollar idea or noob question
by
chrisLG
on 05/03/2014, 05:31:58 UTC
I think what you're talking about are "watch only" wallets. A wallet, that will shoe you the balance of your Bitcoin addresses but will not allow you to spend them.

This is quite easy to achieve:

(A) generate paper wallets
(B) create a blockchain wallet, watching the addresses in the paper wallet
(D) done!
Post
Topic
Board Off-topic
Re: I Lost Everything From Mt.Gox's Bankruptcy
by
chrisLG
on 04/03/2014, 16:10:17 UTC
My feelings go out to you. I'm very sorry to your loss. I hope you and your family will be able to recover from this financial blow.

To everybody else:

Please, please do not invest your life's savings in some highly speculative investment opportunity  - no matter how great you think that investment opportunity is. Only invest money you can afford to lose.

And please... Do not entrust a company that is industry-renowned for its incompetence with your life's savings.
Post
Topic
Board Off-topic
Re: Alert From Internet Police For Bitcoin
by
chrisLG
on 04/03/2014, 16:05:16 UTC
I bet a lot more sick idiots pay for child pornography with USD.

And all the weapons and drugs that are being bought with USD. If we forbade USD the volume of drug trafficking (measured in USD) would sink to 0.
Post
Topic
Board Currency exchange
Re: MTGOX <-> BTC BID/ASK
by
chrisLG
on 01/03/2014, 12:54:20 UTC
Post
Topic
Board Speculation
Re: Markets not reacting to loss of 100s of Millions of $ is disturbing
by
chrisLG
on 01/03/2014, 09:05:41 UTC
Mt.Gox being bankrupt is not news. The markets have anticipated that for weeks now. This is why the price dropped from the 800s to where we are now in the last few weeks.
Post
Topic
Board Trading und Spekulation
Re: MtGox geht in Konkurs
by
chrisLG
on 01/03/2014, 09:03:11 UTC
Solange die Mehrheit der BTC Bevölkerung den Betrüger rauslässt, wird Bitcoin IMMER kriminell sein! Die größten Transaktionsvolumina laufen doch sowieso über Geldwäsche, Hackingdienstleistungen und Co. und das nun wie OhScheiße WUNDERBAR sagte, die Wahrheit =>
Bitcoin zeigt lediglich den Spiegel einer momentanen weltweiten Gesellschaft. Gewähre der Bevölkerung "Freiheit" , Anonimität und das Geld und sehe seine Psyche!

Und nein, bevor hier ein "omg Geld muss kontrolliert werden du Kommunist???" Shitstorm Post kommt, möchte ich sagen, dass ich nie proklamiert habe , dass Geld explizit kontrolliert werden muss...

Bitcoin ist ZU anonym und ZU unkontrolliert und bietet nahezu einen straffreien Raum und das MUSS PERMANENT offen gezeigt werden!

Sorry, dein Posting ist ziemlich wirr.

Würde dir gerne antworten - kannst du das bitte strukturiert ausformulieren?