Search content
Sort by

Showing 20 of 50 results by ihsotas
Post
Topic
Board Bitcoin Discussion
Re: Has Twitter account of Jon Matonis been cracked?
by
ihsotas
on 27/05/2013, 21:07:00 UTC
Offtopic sort of but I find it neccessary to be said:

Anyone having Facebook, Twitter, MySpace, Google+ or similar account or is using any of services provided by (major) corporations or other service providers who are heavily backed
by the system and is involved with cryptocoins at the same time is an idiot, period.

Jon has done a lot for the progression of Bitcoin over the past years.

Not a nice thing to say mate!

He is working on disruptive technology threatening established (monetary) systems and uses Twitter.

Oh, please. Bitcoin is not currently a threat to any established monetary system. Don't be delusional.

He's a guy who didn't take appropriate steps to secure his accounts, they got hacked, and now someone else has control of them. This happens to celebrities all the time.

Well said. Anyone who uses Twitter and doesn't even bother to active two factor auth deserves to get hacked, hard. If you're a columnist, you should be especially cautious.


Post
Topic
Board Bitcoin Discussion
Re: Has Twitter account of Jon Matonis been cracked?
by
ihsotas
on 27/05/2013, 06:31:01 UTC
Well.. this certainly must be a very embarrassing situation for him, poor guy. Most people are smart enough to  immediately realize he has been hacked though.


EDIT: They appeared to have deleted his account..

Twitter usually deactivates or locks out compromised accounts if the victim can prove their identity; that doesn't seem to be the case here. The hacker is still tweeting under @jonmatonis. As I write this, there are two tweets:


Jon Matonis ‏@jonmatonis 1h
Good luck getting your Twitter back now Jon. Shouldn't have ignored me, GG.

Jon Matonis ‏@jonmatonis 1h
@octal He got his other stuff back...
Post
Topic
Board Bitcoin Discussion
Re: Has Twitter account of Jon Matonis been cracked?
by
ihsotas
on 27/05/2013, 04:48:31 UTC
Funny. @octal is a friend of mine, was at BTC2013.

Twitter has 2FA now -- really unforgivable for a visible frontman of the BTC world.

I should be more clear that the attacker who had control of Jon's account was communicating with @octal.

Hey attacker?  Tell us if Jon's Yahoo! password was some permutation of 'liberty', 'rand', 'atlas', etc and I'll send you a few bucks.



Right. @octal was just asking the hacker a bunch of questions through twitter, and that was one of the responses. You can still see the questions on @octal's account, but @jonmatonis has been purged to 0 tweets and just a handful of followers.

It's surprising how much schadenfreude there's been around this. I don't know much about Matonis, but is seems like a lot of people had very little respect for him.
Post
Topic
Board Bitcoin Discussion
Re: Has Twitter account of Jon Matonis been cracked?
by
ihsotas
on 27/05/2013, 04:37:36 UTC
Funny. @octal is a friend of mine, was at BTC2013.

Twitter has 2FA now -- really unforgivable for a visible frontman of the BTC world.
Post
Topic
Board Meta
Re: Ripple trying to take over the Bitcoin Discussion thread
by
ihsotas
on 23/05/2013, 19:07:32 UTC
Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.

And Bitcoin, big surprise is pegged to them. It's a closed system folks.


Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be!

I would be very surprised if he knew what a 'currency peg', or a 'closed financial system' was.
Post
Topic
Board Bitcoin Discussion
Re: Let’s Talk Bitcoin Episode 007 - “Ripple & the Deflationary Business Model”
by
ihsotas
on 22/05/2013, 04:52:55 UTC
The song is terrific
http://lifeboat.com/song/

Wow. That's one giant pile of paranoid crazy.
Post
Topic
Board Meta
Re: Ripple trying to take over the Bitcoin Discussion thread
by
ihsotas
on 22/05/2013, 01:20:23 UTC
I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.
Post
Topic
Board Meta
Re: Ripple trying to take over the Bitcoin Discussion thread
by
ihsotas
on 21/05/2013, 02:32:47 UTC
Now we have it. You clearly hate bitcoin and you are only on this forum to promote ripple xrp or whatever else you can make money from or scam people with.

No, actually I am a fan both of Ron Paul and Rand Paul! Why does it have to be either/or?

I definitely don't hate Bitcoin, in fact I bet I am holding significantly more bitcoins than you. Would you like to make a small wager?



I don't think so buddy but I'm not willing to make any wagers with you. If you do have any bitcoins you have probably scammed for them and you are only holding them because you know bitcoin is a good investment. Your ripple/XRP currency you are trying to sell to everyone has nothing on the so called ridged bitcoin. 

Ha, you know you would lose. It would be trivial to audit that, too; just have you and misterbigg send transactions to your own alternative wallets. You've backed down from the challenge; why not just back off this thread, coward?
Post
Topic
Board Service Discussion
Re: Ripple explained for Bitcoiners!
by
ihsotas
on 20/05/2013, 23:48:18 UTC
How do you get a copy of rippled (the binary, not the source) and run a validator?
I was able to get access to the source by asking in person. Perhaps a phone call or very courteous email is all it would take.

Same here.

[/quote]

Cool, I'll ping them then. I wasn't sure if I was missing some obvious link on Ripple.com or something.
Post
Topic
Board Service Discussion
Re: Ripple explained for Bitcoiners!
by
ihsotas
on 20/05/2013, 23:35:18 UTC
does ripple still work in practice if this default is switched to "off"?

Whether you "ripple" or not isn't an explicit setting in the client, nor should it be. Rippling happens when you extend trust to more than one issuer for the same type of currency. If you don't want to "ripple", don't extent trust twice for the same currency.

I opened an bug issue asking for an explicit warning in the client when you extend trust the second time:

https://github.com/rippleFoundation/ripple-client/issues/682


How do you get a copy of rippled (the binary, not the source) and run a validator?
Post
Topic
Board Meta
Re: Ripple trying to take over the Bitcoin Discussion thread
by
ihsotas
on 20/05/2013, 23:15:39 UTC
At some point, maybe they should just create a separate Ripple topic since it's not technically part of core Bitcoin land, and also attracts a ton of heat/controversy/spam from random people in every single thread.
Post
Topic
Board Bitcoin Discussion
Re: Would it be possible to Build a decentralized trading program?
by
ihsotas
on 20/05/2013, 22:51:50 UTC
Mt. Gox btc-e are all great for the day to day shit. sadly they are centralized. I realize there's no easy way to build a decentralized Fiat to Crypto exchange, but could something not feasible be built to allow Bitcoin/alt coin trading, using a network of decentralized servers?

We would need some sort of body controlling what coins can be added to the system. and could allow the network to control the value of the trade's itself.

I'm unsure how we could do this, But I do love trading in alt coins, hate the fact I need to rely on btc-e to do it?

Actually, Ripple is trying to build a decentralized fiat to cryptocurrency exchange, but you trade IOUs to the assets, not the assets directly. If you have usable gateways, though, it's not a major difference.
Post
Topic
Board Bitcoin Discussion
Re: Future BTC Conference
by
ihsotas
on 20/05/2013, 22:43:15 UTC
You're confusing yourself.

That's one room of the several they had (4 session track rooms, the hackathon room, and the main floor with the vendor booths, food area, and main stage). There were about 2,000 participants who paid, not the 100 or so you see in the picture below. (some sessions were sparsely populated, while others, like Gavin's were standing room only).

Oh, and they each paid $300-$350 to be there. Did all 200K of yours pay that much? It was probably free, right?

You're comparing apples to oranges.
Post
Topic
Board Service Discussion
Re: Ripple explained for Bitcoiners!
by
ihsotas
on 20/05/2013, 22:26:20 UTC

This is a waiting game. If you put money into Ripple at this time, you are risking that OpenCoin never open sources or simply disappears. Speaking as an investor in XRP, I am well aware of this. As with any investment, use your head, think about the risks. Never risk more than you can afford. Don't listen to people on forums, make up your own opinion.



Of course you'd figure once OpenCoin becomes open source the Ripple price will go up... But it has already gone up. Way da hell up. 52 XRP / $1. Something is wrong when a Bitcoin Talk account is worth $200.

At that price, the total XRP pool is worth almost 2B USD, and OpenCoin's share is already worth 500M (albeit in a very illiquid/fragile market). I bet they're not raising money at that valuation from investors, though.
Post
Topic
Board Service Discussion
Re: Ripple explained for Bitcoiners!
by
ihsotas
on 20/05/2013, 21:36:48 UTC
Great explanation, misterbigg. One of the best high-level explanations I've seen about Ripple, and this is after spending hours at the Ripple booth this past weekend hearing from David Schwartz directly about how things worked.

Your comment about the . bidirectional order books clears up why OpenCoin thinks XRP will be so valuable; because it's the only non-IOU (real XRPs are sent), the only non-gateway-issued currency, it would become the default reserve currency in this ecosystem, just like the US dollar is in the world today.
Post
Topic
Board Altcoin Discussion
Re: Ripple SCAM: You *do not* own BTC or USD, you own debt that will collapse
by
ihsotas
on 20/05/2013, 21:26:58 UTC
Question -- so am I correct in thinking that Ripple allows you to send XRP alone through the system, while it does NOT mediate sending BTC through the system, but only BTC IOUs that have to be sent separately (off-network) through the transacting gateways?
Post
Topic
Board Project Development
Re: [ANN] Satoshi-Mixer.com (BETA)
by
ihsotas
on 19/05/2013, 17:40:17 UTC
Hey guys, just wanted to let everyone know about my latest project. You can use it to transfer bitcoins to various addresses. The fees are really tiny and are a random percent between 0.001% and 1%. I have been testing this on testnet for a few weeks and is stable. In the coming weeks I'll be moving my own coins through it to make sure everything is peachy.

Suggestions/Questions are welcome ^_^

How is this different than a traditional mixing service? I just read the "How it works" page and nothing stood out. Why should people trust this site, especially with the promise of decentralized mixing (e.g. zerocoin) on the horizon?

The mixing services I found were either flagged as scams, or didn't seem to allow multiple addresses. Also the fees were much larger (ie 1.5% and up).

As for trust, why should I trust you? We can all come up with reasons not to trust each other. Sometime this week, SSL certs will be added to the site and the only way to access it would be through a SSL connection. While this isn't the silver bullet that will make people magically trust the site, I think that it helps. You can also trust this site because I have spent about a month on coding the site. I also have many more ideas for sites and services that I want to build that I will not do anything to make people distrust me or the services that I have worked hard on.

I'm curious about where you found the information about decentralized mixed. I have not been able to find any information on this.

Read this, just for starters:
http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

He's presenting at the Bitcoin 2013 Conference right now. There are other approaches to decentralized mixer that don't require anyone to trust some random poster on a forum with irreversible BTC transactions.

Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 2013: The Future of Payments - San Jose, CA - May 17-19, 2013
by
ihsotas
on 18/05/2013, 20:02:12 UTC
The must see panel:
Issues of Regulatory Compliance

Hope it was recorded.

It was being recorded not sure how/when it will be made available.

I was surprised by the number of participants.  Has foundation stated how many tickets were sold?  My guesstimate is that is 300 to 500 but with some many simultaneous events going on it is hard to judge.  So far a great conference, with great speakers, well worth the price of admission.

Thanks - rub it in with salt.

More than a thousand tickets were sold, reported during last night's keynote intro. The sessions did seem a little sparse this morning, outside of Gavin's State of the Coin address.
Post
Topic
Board Bitcoin Discussion
Topic OP
Arbitrage: Why are MtGox and BTC-E USD/BTC prices so far apart?
by
ihsotas
on 16/05/2013, 23:09:44 UTC
Here's the current state of affairs, as of 4:09 PDT. MtGox is at 116, and has been over 114 for hours. BTC-e is at 108 and has been below 109 for some time as well. Why is no one holding USD and BTC in both places and arbing the heck out of these two markets?

http://i.imgur.com/yGPPEEj.png
Post
Topic
Board Service Discussion
Re: Why Ripple™ is against everything Bitcoin
by
ihsotas
on 16/05/2013, 18:55:44 UTC
- If XRPs are just stamps/tokens to throttle spammers, not the transaction payload; and you expect the current supply of XRPs to last everyone on Planet Earth for their lifetime of transactions, why would you expect XRP's to appreciate in value at all?
The price of XRP is just a matter of supply and demand. We believe that broad adoption of Ripple as a payment platform will drive demand.

Quote
- What's the revenue (not asset) model for OpenCoin to make money? It doesn't seem like there's anything intrinsic to the Ripple network that allows you to grab, for example, a transaction fee. Are you planning to be one of the gateways, among other peer gateways?
We don't currently plan to do anything but develop and promote the Ripple payment network.


Thanks for the clear responses. So it sounds like you plan to let third party companies come in to help facilitate all of the other functions required here (helping existing companies get onto the Ripple network, monitoring/audit/security tools, fraud/risk modeling, POS, etc, etc) as opposed to building up that application suite yourself.

Another question -- is it possible to create, say, hundreds of new currencies (with distinct exchange rates against the existing currencies) within the Ripple network in a day without causing network problems? This would be for a genuine use case, not as spam.