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Showing 20 of 34 results by dpb
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
dpb
on 08/04/2014, 22:26:24 UTC
http://blockscan.com/assetInfo.aspx?q=MEAT

Attention all adventurers! I have created a pass-through for the official currency of The Kingdom of Loathing. The asset name is (obviously), MEAT.

Details on the included page.
Post
Topic
Board Service Announcements
Re: Piper: The Raspberry Pi Paper Wallet Printer is now taking orders!
by
dpb
on 08/04/2014, 12:23:18 UTC
I setup up a how-to to add some new Doge options here , Git here. This my first raspi attempt. Results seem so far so good. You can swap out the by simply changing the background image in the home/pi/Printer/Images folder.

http://i.imgur.com/4RUzs8U.jpg



Cool! I did the same thing with mine, only I removed the serial number, URL, and extra private key from the bottom.
Post
Topic
Board Securities
Re: I'm done with Bitcoin Securities...
by
dpb
on 04/04/2014, 00:16:47 UTC
Of course there is crap in traditional investments, but not to nearly the same percentage that there is in BTC Securities. I have dealt with plenty of both types of investments to know that most of the crap is in BTC Securities.
Yes because the "investors" here are morons with no experience.
For instance you often see refusal of financial reports because "IBM doesn't do that". Crazy, right?
Because instead of questioning the stuff that doesn't add up, they shill more because they think it's their interest.

And the bankers who sold the crappy investments still run free.

The Banksters definitely need to be held accountable. Perhaps as dpb suggests a privately run or sponsored citizens/investors coalition could be formed that we could all trust to do the basic vetting for us.

dpb I did not mean to suggest that a simple criminal background check was all that was required for due diligence. My example was meant to point out that it would be crazy to expect 1000's of investors for a fund to have to each carry out the same process of vetting the funds. If you think of securities in general there are probably thousands if not millions of funds, and thousands if not hundreds of thousands of investors in each one. Without a central place, either public or private, where vetting can occur it would make it very wasteful for all these people to individually exercise due diligence on each one.

A simple credit rating check is often a better indicator of character than a criminal check, but even then there is no simple answer as a good man can become bad.

Most Bitcoin users are not investors; they are average folks who got lucky and now have access to more wealth than they know how to manage. Handing your money over to a stranger doesn't make you an investor; it makes you an idiot. How do you think individuals make a living out of investing if any nobody could do it from home on his iPad?
Post
Topic
Board Securities
Re: I'm done with Bitcoin Securities...
by
dpb
on 04/04/2014, 00:06:40 UTC
Hey moron, as I just told you:

Plenty of utter crap has been sold by the overly regulated banking industry. Regulations do not prevent or repair damages from scams, either.

You just want to blame anything else but yourself.

Of course there is crap in traditional investments, but not to nearly the same percentage that there is in BTC Securities. I have dealt with plenty of both types of investments to know that most of the crap is in BTC Securities.

Perhaps we need to start getting all those that want to introduce a security to have to put up insurance that will protect investors. If we all were omniscient then we could exercise due diligence. We need some sort of system of trust that can be relied on. Regulations do prevent scams as we would have much more scams if we did not have the threat of sanctions. I am not certain what the perfect system would be, but letting it simply be a free-for-all is not the solution.

The system is not yours to "let." It does not need your permission. You are hiding behind collectivist language: "we need to," as if one individual's conception of a greater good is justification for the use of violence against his neighbor. Take the initiative and do it yourself! It's disgusting that you would substitute hard work for laziness at the expense of others. You are worse than the accused scammers; at least their victims had a choice!


Some estimate that the ratio of scams in Bitcoin is not that far off from the ratio of scams in the traditional financial institutions:
http://trilema.com/2012/the-bitcoin-drama-timeline/

Quote
Considering an average monetary mass of 7mn BTC for the interval, the aggregate of theft, fraud and stupidity registers as about 18%. Considering fiat monetary mass is somewhere on the order of magnitude of 5 trillion USD, proportionally the same levels of loss would come to about 900 billion total or roughly 50 billion a month. Shockingly enough, this figure is not quite that far off the mark (provided we discount government actions from the “stupidity” label).
Post
Topic
Board Securities
Re: I'm done with Bitcoin Securities...
by
dpb
on 03/04/2014, 23:47:16 UTC
Why do you suppose you have a right to invest without "spending large amounts of time on due diligence?"

Personal attacks aside, you have just proven my point. Investors will not each want to spend large amounts of time in order to personally vet each of the funds they are considering. This is when a trusted commission that carries out some basic vetting functions comes into play. Nobody is claiming investment is a right. What it comes down to though, is that people with the money or BTC to invest will stop doing so if they personally need to spend hours checking out the backgrounds of all that are involved in a new investment. A simple investor does not even have the power to get the required information to do so.

Even if you consider a running a simple criminal background check, your method implies that each investor should have to do this on their own. This is very inefficient as compared to having a central trusted commission do this vetting. You would have to be a f*cking moron to think otherwise. In the Libertarian world we would spend ALL our time doing trust checks on everyone else and nothing real would get done because everyone would be too busy with due diligence. This is when the big stick of the law comes in handy with a good smack across the arse of the scammers and anarchists!!

Actually in seeing how Libertarians operate I am beginning to think more and more that these anarchists simply want the ability to set up scams and go unpunished because they think there should be no law and that everyone should exercise due diligence on their own. From what has happened more and more in the Bitcoin world it is becoming apparent that:

LIBERTARIAN = SCAMMER!
ANARCHIST = SCAMMER!

As a C++ programmer, I still think that Bitcoin and the Blockchain are some of the greatest inventions in programming. I really hope that Bitcoin survives the filth that has been attracted to it from unsavory groups!!


A criminal background check would not expose most scammers; a lot of the "scams" perpetrated on this site started off as idiocy by the newly rich who don't necessarily have a criminal history.

Why can't the "trusted commission" be a private organization that charges new ventures for a vetting process? It's a false assumption that such services can only exist through the use of violence against our neighbors.

You do not understand libertarianism; your criticisms are based on ludicrous parodies. You should be embarrassed for parroting these talking points -- or stick to what you know: programming; you surely don't know much about the law.
Post
Topic
Board Securities
Re: I'm done with Bitcoin Securities...
by
dpb
on 03/04/2014, 22:02:20 UTC
I do not blame you one bit. Those suggesting that NEO-BEE was an obvious scam either are insiders that are in on it, or they are just spouting off rubbish. This does however highlight a problem with Bitcoin Securities in that there is little recourse once these come to light. All the due diligence in the world cannot protect you from a clever liar. This is why we need the heavy hand of government to start regulating these Bitcoin securities.

Libertarians are deluding themselves if they think a world with minimal government would function. Such a world would be very inefficient for investors and we all would be spending large amounts of time on due diligence for each of our funds only to find out we have been lied to anyway. Investors would soon all become leery due to high amounts of fraud and losses, and investment capital would dry up. Investors would retreat and progress would suffer.

Even with overseers fraud still occurs (Madoff), but on a much smaller percentage overall scale than with Bitcoin securities. I too will not be putting any further BTC into Bitcoin Securities until there is some better and proven vetting process in place. No process is 100% effective, but until Bitcoin Securities approach an acceptable level of trust through vetting by a commission it seems too risky to consider investing in them.

What can the state do to prevent these kinds of scams? Why can't that service be provided through voluntary interaction?

Why do you suppose you have a right to invest without "spending large amounts of time on due diligence?"

Somebody has to put the work in to do that "due diligence." If it isn't you, you'll have to pay a premium for that service. By suggesting that the state should be responsible for this, you are advocating the use of violence against your neighbor in order to force him to subsidize your investments..

I think it's worse to bake violence into the system for the purpose of protecting idiots from themselves.
Post
Topic
Board Service Announcements
Re: Piper: The Raspberry Pi Paper Wallet Printer is now taking orders!
by
dpb
on 03/04/2014, 05:06:32 UTC
I ordered it a week ago together with an additional roll of paper.
Let's look how time it takes to be delivered to me in Italy...

Did you get a shipping confirmation email? I didn't... :<

I think the OP is too busy promoting, and not a scammer. I heard he was at the latest Bitcoin meetup showing off this printer so I doubt he's going to taint his rep over 6 rolls of paper.

I don't care so much about the money as much as I care that these are apparently custom rolls that I'll probably have a hard time ordering elsewhere.. and I'm down to my last one.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
dpb
on 02/04/2014, 16:27:33 UTC
why couldn't you use bitcoins directly given that you're already on
the same chain?

You can, but a trade involving bitcoin requires an extra transaction to send the funds; trades between XCP and an asset or between an asset and another asset can be completed with only two transactions.

Thank you for the clarification. So the functions it provides is to be the only p2p currency that can be traded in 2 transactions instead of 3 with other assets.
2 transactions is too much, it is possible to do the trade with one transaction if your chain explicitly validates the asset issuance rules.


It's impossible to make a trade in less than 2 steps.

  • Step one: somebody publishes an offer
  • Step two: somebody accepts the offer

A trade with only one step is better known as theft.
Post
Topic
Board Games and rounds
Re: 3 Numbers Game Free 0.01 BTC
by
dpb
on 02/04/2014, 13:48:36 UTC
933
Post
Topic
Board Games and rounds
Re: 0.06 BTC giveaway
by
dpb
on 01/04/2014, 22:29:36 UTC
Hi all, I have 0.06 BTC to give away, to make it fair, I'll use the result of the 200,000th bet of https://everydice.com/ , if anyone is gonna try this website, please use my referral link so I can host more giveaways in the future: https://everydice.com/?r=196

1, Giveaway amount is 0.01+0.05 BTC;

2, People enter this giveaway by replying;

3, When someone makes the bet on Everydice and get the lucky number, take the
number before the decimal is number1, after the decimal is number2;

4, The one whose reply serial number equals to number1 get the
0.01BTC(1% Chance) and the one whose reply serial number equals to
number2 get 0.05BTC.


For example, it the 200,000th bet's result is 09.3759, the reply with #9 will win 0.01 btc and #3759 will win 0.05 btc.

Note: if the number1 or number2 turn to be 0 or 1, which means the post was made by me, I'll host another round.

To join, simply reply this thread with your wallet address, if you don't put one, I will send you a preload invitation link on everydice.

You can welcome to reply with your referral link so other people can play through it too.



edit: only one reply from each account allowed.

1D6M7ztYbNGxxQVByEqP5ADBrLgdbFVy1u
Post
Topic
Board Service Discussion
Re: Coinbase users' real names and email addresses leaked
by
dpb
on 01/04/2014, 18:57:19 UTC
http://www.dailydot.com/business/coinbase-api-hack-email-address-full-name/

Saw this on Twitter when I was flipping through. How do you guys feel about this? Coinbase claims that they don't actually require users to use their real names when signing up. However though, I'm pretty damn sure I had to use my real name…. because I had to verify my bank account. Hmm. To me it seems like this "hacker" is just looking to squeeze some money out of Coinbase, who claims it wasn't even really a hack. 

This is not April Fools by the way.

This issue has been addressed, and it isn't a big deal.

http://blog.coinbase.com/post/81407694500/update-on-coinbase-data-security
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
dpb
on 01/04/2014, 18:18:20 UTC
Definitely not an April Fools' joke. Sorry.

The project is five months old. If you assumed Counterparty would be on CNN and a household name by this point, you set your expectations too high.

Here is something that just came out a couple days ago that includes an unbiased discussion on where Counterparty is as a project, the discussions that we've been having in this thread with regards to OP_RETURN, and what the impact of those discussions is: http://www.youtube.com/watch?v=HrpuiaLbhEQ&feature=share&t=19m52s

The utility of Counterparty has outpaced the usability of the protocol. The usability is now catching up with the utility due to the upcoming release of Counterwallet.

I personally like Counterparty on Bitcoin and I hope that over the coming months a solution is reached that will allow us to stay on Bitcoin. I would argue that moving Counterparty off of Bitcoin would be premature and that we should continue working with the devs to reach a solution that works for everyone, and that may very well be possible as technologies and opinions continue to evolve.

So your solution is for everyone to use a webwallet?
And for those who don't want to use a webwallet they should just deal with it?

You like "counterparty on bitcoin" but why is that? What possible benefit does it have other than security?
You are forcing a trade of security for insecurity by running counterparty on bitcoin (security) but requiring everyone to use a webwallet (insecurity). You want to work with the bitcoin devs but what is the point in working with them on a solution and doing all this extra work to play nice with bitcoin if we are just going to be leaving them in the future?

We are all bitcoin supporters or were at one time. But blind loyalty is not helping. You can't just say "I want to stay on the bitcoin network because... BITCOIN 4 LIFE!!".
If you argue that moving CP off of bitcoin is the right move, but right now "would be premature"; Then you agree that it is the right thing to do in the future. If we should move it off bitcoin in the future, why aren't we moving it off now if it is strangling the spread of adoption?

If people could actually download and use the software we would have had such wider adoption and usage.
And "just wait for the webwallet" is not a proper remedy, but more of a band-aid.

On day 1 of a new coin release you are not supposed to have to:
  • setup bitcoin daemon
  • download a 13gb blockchain
  • reindex it
  • export keys
  • import keys
  • rescan
  • reimport those keys again when it doesn't work properly
  • rescan again
  • etc etc
(For those who aren't aware, this is a two-day process unless you torrent the blockchain, in which case maybe a 6 hour process if you are lucky)

The idea that we will be forever paying a tax to our bitcoin overlords in the future for the backbreaking labor of carrying our financial transactions is sickening.
For what, security? Really is that the only way we can secure our network? I think not.
Why do I have to buy BTC to use my XCP?
Does no one else see that as a major design flaw?

I'd like to see a future where Bitcoin is a neutral medium on which other protocols pay to get secured by the world's largest hashing network. All projects are made less secure by splitting off into their own blockchains; it might be worth the compromise of having to carry unwanted data if it means getting significantly more security for the desirable data.
Post
Topic
Board Altcoin Discussion
Re: Best Alt coin to invest in 2014
by
dpb
on 01/04/2014, 18:11:11 UTC
With BTC taking hit with bad news lately and free falling in price, I wanted to see people's opinion on which coin is going to take off in 2014.  I need your advise to diversify my portfolio.  Thanks in advance for your help!

  • XCP
  • NMC
Post
Topic
Board Economics
Re: If I were a government.... possible threat to bitcoin
by
dpb
on 01/04/2014, 15:55:16 UTC
if I were the government

Individuals aren't governments; governments aren't individuals. The state can only get away with what individuals allow.
Post
Topic
Board Bitcoin Discussion
Re: I received an april fool just now
by
dpb
on 01/04/2014, 15:51:24 UTC
Coinbase seems to feel it's a "feature".   Roll Eyes

This "feature" is going to cause some serious concerns quickly if it isn't removed.  Just came across this on Twitter today (partial list of Coinbase users and email addresses) http://pastebin.com/RzWipJFb

My email address is public and I didn't get any of these requests or emails..
I'm not sure this is really that big of a deal; it might be spearheaded by a competitor to Coinbase.
Post
Topic
Board Off-topic
Re: Best book you ever had?
by
dpb
on 01/04/2014, 15:34:14 UTC
The Bible.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
dpb
on 01/04/2014, 15:23:46 UTC
why couldn't you use bitcoins directly given that you're already on
the same chain?

You can, but a trade involving bitcoin requires an extra transaction to send the funds; trades between XCP and an asset or between an asset and another asset can be completed with only two transactions.
Post
Topic
Board Project Development
Re: Twitter for Bitcoin with Tips as Likes
by
dpb
on 01/04/2014, 15:18:08 UTC
That's a good point, but I'm not aware of any wallet software that would re-use an imported key as a change address. I understand this is a strong theoretical concern, but do wallets actually work this way - especially a wallet that a novice would use? Would you suggest another way for people to claim their tips, or is this risk just inherent to this project?

(It should go without saying, but I'm not interested in doing anything nefarious with stealing anyone's tips. I actually can't steal anyone's tips - the private keys are unrecoverable once a post is made. It's in my best interest to incentivize people to make more posts by ensuring they're able to get their tips any not stealing anything.)

In any case, I appreciate the scrutiny from a security standpoint, so thanks for bringing this up.

I know blockchain.info prompts users to "sweep the key" when they try to import; perhaps you should at least use that language until there exist better methods. I have definitely heard of users losing funds because an insecure key was used as a change address behind the scenes in their wallet software. It might be a better solution to keep the tips in your own wallet and create an interface for withdrawing to specified addresses; that way no user can accidentally leave an insecure key in their wallet.

Edit: You can also give users the option to specify their address when they create the post; that's probably the best solution.
Post
Topic
Board Project Development
Re: Twitter for Bitcoin with Tips as Likes
by
dpb
on 01/04/2014, 14:49:30 UTC
Hi All - last week I launched http://bitcoinmegaphone.com and I'd love to get everyone's feedback.

The basic idea is that you can pay by the character and post as much as you'd like. Then, people can tip each post to boost its presence on the "Most Tipped" page.

Any thoughts / suggestions?

Quote
When you want to collect your tips, just import your private key into whichever Bitcoin wallet you use. For instructons just Google "import private key into (you wallet service here)."

This is not a good idea; you should not encourage potentially novice users to import insecure private keys into their wallet.
If their wallet later re-uses your address to keep change, the user might end up losing his whole balance.
This may very well be your intention..
Post
Topic
Board Project Development
Re: Twitter for Bitcoin with Tips as Likes
by
dpb
on 01/04/2014, 14:40:36 UTC
Hi All - last week I launched http://bitcoinmegaphone.com and I'd love to get everyone's feedback.

The basic idea is that you can pay by the character and post as much as you'd like. Then, people can tip each post to boost its presence on the "Most Tipped" page.

Any thoughts / suggestions?

I posted something; it works!

http://bitcoinmegaphone.com/14vqHkP9AJw4yuMgvaH5wbZdLtw5L3LWuS