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Showing 20 of 29 results by truthcracker
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Topic
Board Bitcoin Discussion
Re: Solution to wallet security
by
truthcracker
on 28/06/2011, 12:44:24 UTC
2) Virtual keyboard option where the password is entered on a scrambled keypad with a mouse - no key-logger virus possible
How can that be hacked? Much simpler than getting a computer and running a geek os.

A virus could use the Remote Frame Buffer protocol (the protocol used in VNC) to capture the pad entry.  The virus might be smart enough to at least identify which window to capture - even if it just packages up the info to send to a human to read off the actual numbers that were input.

I don't doubt there are other ways too.




Hmmmm ok what about a keypad that you hover over that changes letters in a separate window like big [A B C] when you click THAT letter hits?
Post
Topic
Board Bitcoin Discussion
Re: Solution to wallet security
by
truthcracker
on 28/06/2011, 12:42:49 UTC
As soon as you enter your password, the contents of the wallet are decrypted so your private keys could be read from RAM.


XLNT point
Post
Topic
Board Bitcoin Discussion
Solution to wallet security
by
truthcracker
on 28/06/2011, 12:28:37 UTC
1) Bitcoin client encrypts wallet on startup
2) Virtual keyboard option where the password is entered on a scrambled keypad with a mouse - no key-logger virus possible


How can that be hacked? Much simpler than getting a computer and running a geek os.

Damn that was an actual attempt at being constructive.....
Post
Topic
Board Bitcoin Discussion
Re: Bitcoins interest rates possible?
by
truthcracker
on 28/06/2011, 10:21:37 UTC
Is it evil to rent a house?
Is it evil to rent a car?
...
Is it evil to rent a sum of money?

When you take out a loan, you're just renting, and paying rent to a 'landlord' (the owner of the coins).

That rent can be in any form; If no BTC are available, then pay your rent in massages if that's something you and the owner can agree on.


Is it good to rent a house, when most houses are owned by a tiny percentage of people?  Even though they were built by a majority of people with minerals that are billions of years old?

When you take out a loan, you are just borrowing back from people who did real work that have had their work funnelled to a coke smoking banker who doesn't know how to hammer in a nail.

The exploitation can be in any form, if there are no BTC available you might need to pimp your girl to the fat man, something you can agree on.

Have you considered thinking outside the ridiculous assumptions that hold your paradim together?

PS

I can't spell, its outside my paradise
Post
Topic
Board Bitcoin Discussion
Re: GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:54:35 UTC
SHOULD I GO TO SLEEP? OR WAIT TO BE GOXED AGAIN?

I HAVN'T SLEPT EVER SINCE MY FIRST "GOXED" EXPERIENCE,
I STAYED AWAKE JUST TO FIND OUT I'VE BEEN GOXED, REPEATEDLY ,
ON THE TOP, TO THE BOTTOM, FROM BEHIND, THEN AGAIN, AND AGAIN...



Haha can't sleep without your gox med's Wink


PLEASE, JUST GIVE ME MY GOX BACK, I'LL DO ANYTHING,
ANYTHING YOU WANT, I SWEAR, JUST GIVE ME SOME GOX,
I'M BEGGING YOU, I'LL EVEN TYPE IN LOWER CASE, see?

Say it again, but this time ON YOUR 30 CHARACTER COMPLEX KNEES unworthy one, or there will be NO GOX for you.
Post
Topic
Board Bitcoin Discussion
Re: GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:33:52 UTC
I think we might see a little swoon in the price, but i'll be pretty suprised if it stays below $10 for longer than an hour, and I bet Atlas 5BTC on the first episode of the BitTalk Podcast (shameless plug  Roll Eyes) that BTC would be priced higher this coming friday than they were this past friday, so far so good!

I think many of the goxed will hand their bitcoins in the brave to play chicken with the us dollar.
Post
Topic
Board Bitcoin Discussion
Re: GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:32:34 UTC
SHOULD I GO TO SLEEP? OR WAIT TO BE GOXED AGAIN?

I HAVN'T SLEPT EVER SINCE MY FIRST "GOXED" EXPERIENCE,
I STAYED AWAKE JUST TO FIND OUT I'VE BEEN GOXED, REPEATEDLY ,
ON THE TOP, TO THE BOTTOM, FROM BEHIND, THEN AGAIN, AND AGAIN...



Haha can't sleep without your gox med's Wink
Post
Topic
Board Bitcoin Discussion
Re: GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:20:47 UTC
Geez... its ok its just me paying myself out for being drunk and lazy - hehe I replied to my own post.  Lol!  Have fun with the poll.
Post
Topic
Board Bitcoin Discussion
Re: GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:11:04 UTC
Horrible poll with duplicate answers, appalling spelling and grammar, don't care should be fun.
Post
Topic
Board Bitcoin Discussion
GOXED? Count down to Gox Reopening Here.....
by
truthcracker
on 26/06/2011, 08:07:51 UTC
Please post réponses hère on any intel / info about reopening times.  Venting and calming posts ok too.  Strategic thoughts welcome - like is it in Gox interest to allow people to flood new exchanges to discredit their ability to handle better than gox?  Yes its time for all that pent up rage to vent out here on this trashy thread for all you geko lunchtime legend bitcoin day trading crazy risk takers.

Personally, I think this is a beta project and something good will come out of it, but for now its a nut ball wild west gunslinging crime infester fortune favours the brace amusement ride. 

Get your vote and gossip on!

Goxed - 2 guys and a server can't be wrong says 60,000 hacked users! 

PS

Its your fault for having the same password everywhere go whip your selves for a week - worlds longest passwords reset.
Post
Topic
Board Bitcoin Discussion
Re: Doug Casey on Bitcoin
by
truthcracker
on 24/06/2011, 09:51:04 UTC
Guess who has all their money in Gold?

Aside from being a pretty and maleable metal, I do not understand why Gold is valued any more highly than Bitcoins aside from the history of trading. Gold is no more 'backed' than Bitcoins, you can't eat either at the end of the day.

Imagine your DR Who from the TV show with a time machine.  You can go back anytime you want in 4,000 years but you don't know which year.  What do you bring as a currency to trade?
Post
Topic
Board Bitcoin Discussion
BitCoins Supply Contraction vis Mt Gox Means.....
by
truthcracker
on 23/06/2011, 17:23:24 UTC
Supply demand.  Mt Gox Closes - Less coins for many days holding coins, same level of demand.  Why hasn't the price shot up?  Its because most of the demand is people swapping coins between each other bidding the price up.  The vendors are net sellers (unless they are deflationary hoarders) the miners are net sellers so really what we are seeing here is

a transfer of wealth from late speculators to early adopters, who can also influence the market via their HUGE position in bitcoins.

Still like the deflationary logarithmically injected boot strap model?

PS

I love it when people say their money is tied up in Mt Gox, they have BITCOINS mostly they hope to TRADE for money.  How many people are hoping to buy goods and services for bitcoins when the exchange opens?  You all want to sell high and convert back to USD - think about it!  Its become a religion and i'm a heretic - bring on the mindless punishment until there are no 72 bitcoin virgins in speculator heaven.



Post
Topic
Board Beginners & Help
Re: Bitcoin supply shock - why hasn't price exploded? Will it implode?
by
truthcracker
on 23/06/2011, 13:42:09 UTC
Supply / demand - the main exchange doing 90% of business has frozen a massive chunk of bitcoins for days now.  With the supply shock, why hasn't the price exploded? I mean if bitcoins are hot the few left around should be trading gangbusters.

There is no shortage of bitcoins due to the MtGox hack.
There actually is a shortage of dollars in the market because those dollars are frozen in MtGox accounts, so prices should rather be expected to drop.


So basically what i'm implying is that the people at Mt Gox were selling to each other mostly with a trickle of miners.

The people at MtGox were selling to each other. No way denying that  Grin


I think the cash that's poured in has gone to the first holders of bitcoins

Yep.


and I think I'd be very careful given there's no boom in the underlying demand.

Whatever you think fits your interests best.


Because if there is no demand we are about to see a supply FLOOD when Gox comes online.

That's right, a lot of people will want to withdraw from MtGox, thereby flooding other Exchanges with bitcoins.

Withdrawing their dollars will take a little longer.


So unless you all start trading with each other, add the miners new coins, where's the new cash coming from?

There's not a lot of new cash coming in at the moment. Prices drop. With a lower price, more people will think it is a good opportunity to buy. They will pour cash into the market.

Just my .02 btc

Thanks for your views.  But there are less bitcoins, they are stuck at the exchange.  And as for money, because they were all generated by mining, and most very cheaply, the coins outweight the cash.  I mean its not like every coin out there was bought for $20.  Its only the fractional traders.  Do you see?
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Board Beginners & Help
Re: Bitcoin supply shock - why hasn't price exploded? Will it implode?
by
truthcracker
on 23/06/2011, 13:13:47 UTC
Porn and  Gambling will be the two best areas to focus on IMHO.. And creating an easy mechanism for people to purchase coins (dwolla is great if you're in the states, I'm in Canada so my options are rather limited).

The economy needs to grow, spending coins on real goods and services is essential, I'm thinking of offering consulting services for website owners and pricing in BTC at a discount to encourage use - thoughts?

Economically speaking, yes - for sure.  They fit the model.  So does silk road despite what others day.  I think international transfers definitely.  Target young people travelling - beats the hell out of western union if you do a bit of planning first.  Charities - I can see that- but people like the tax dedications so good for lots of small donations.  Might be good for political parties looking to hide the source?

Other things I can see are youtubers with the link under their videos asking for support.  I think its got potential for a lot of people to give a little because of the non-existent transaction fee.
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Topic
Board Beginners & Help
Bitcoin supply shock - why hasn't price exploded? Will it implode?
by
truthcracker
on 23/06/2011, 12:48:08 UTC
Supply / demand - the main exchange doing 90% of business has frozen a massive chunk of bitcoins for days now.  With the supply shock, why hasn't the price exploded? I mean if bitcoins are hot the few left around should be trading gangbusters.  Could it be there is no underlying demand at this stage but speculation?  So basically what i'm implying is that the people at Mt Gox were selling to each other mostly with a trickle of miners.

Does that tell you something?  If you want this to succeed you need vendors.  I think the cash that's poured in has gone to the first holders of bitcoins and I think I'd be very careful given there's no boom in the underlying demand.

Because if there is no demand we are about to see a supply FLOOD when Gox comes online.  So unless you all start trading with each other, add the miners new coins, where's the new cash coming from?  Vendors are taking it OUT if there are any.

How do you guys see it?  I'm calling it a great idea that's become a casino, partly due to the distribution curve its tracking on.  

[Edit]
PS all comments on crap spelling and grammar are welcome - both have no intrinsic value Wink  Shocked
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Board Beginners & Help
Re: What the Early Adoptors Don't want you to know
by
truthcracker
on 23/06/2011, 09:11:19 UTC

For some reason, I don't give two shits when someone says they have an economics degree.

Maybe it's because such degrees are frequently held by people like Ben Bernanke.

Gotta agree with you on this point.

Not singling out the OP as I'm sure there are some educated people out there that are very good at their profession, but generally I too have little faith in 'professional' opinions. It would be safe to say that most professionals only parrot what they have been taught by their relevant institution. Doesn't make it right, and Bernanke is a perfect example.

Why do you think its safe to say that most professionals only parrot what they have been taught?  That's very broad.  I mean it includes all disciplines and people graduating from them - how does the world manage to maintain doctors, engineers and historians?  Where is the true store of knowledge - TV and Wiki?
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Board Beginners & Help
Re: What the Early Adoptors Don't want you to know
by
truthcracker
on 23/06/2011, 09:07:46 UTC
My friend, maybe I would have bothered to read all of your post if you weren't repeating directly things that are freely admitted by everyone, and using shockingly bad grammar considering your supposed degree.

Obviously this is what is going to happen. To quote directly from the wiki, life isn't fair.

Yeah my grammar has gone downhill its true.  I guess I mean why not try and make it fair?
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Board Beginners & Help
Re: What the Early Adoptors Don't want you to know
by
truthcracker
on 23/06/2011, 09:05:57 UTC
I have an Economics Degree From Sydney University

For some reason, I don't give two shits when someone says they have an economics degree.

Maybe it's because such degrees are frequently held by people like Ben Bernanke.

Would it help if I told you I was a chief then?  Ben Bernake is also a man, do you only take economic arguments from girls?  The tone on this forum is so low, it seems infested with rabid self interest and wild eye'ed claims.

I think it was probably different when it was a hopeful little project.
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Board Beginners & Help
Re: What the Early Adoptors Don't want you to know
by
truthcracker
on 23/06/2011, 09:02:18 UTC
What the hell is a Nebbie?  or a Nebie?

Also, how can anyone possibly look at these forums and pretend that deflation is a big secret that we are trying to hide from the masses?  You can hardly swing a cat in here without hitting a dozen threads on the subject, including the one and only sticky topic in the Economics forum.

Why are people trying to suppress the point that the system is unfairly designed?
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Topic
Board Beginners & Help
Re: What the Early Adoptors Don't want you to know
by
truthcracker
on 23/06/2011, 08:56:13 UTC
What people don't seem to realize is that distributing a new currency to the world from zero is a really hard problem. In fact, before bitcoin came around I couldn't think of any viable way of doing it. Bitcoin's way is pretty brilliant and is working out swimmingly so far. And, by the way, if you're writing on the forum at this point, you are in all likelihood a very early adopter. The people who start buying at $100 and $1,000 per btc will be seeing you as a rich tycoon who got tipped off early.

Paypal, dwolla, no one has a problem to begin with if its a one to one exchange.

The reason bitcoins is different is because the early adopters get it for free, encourage speculation, cash out, no vendors want in on a fluctuating model.  

Think about it - the only cash in is from speculators and a tiny amount of vendors.  The cash out comes from the early adopters and "miners" taking it OUT of the system.

Its a nil cash system bootstrapped doomed to deflation, is partly supported by the criminal element who is also successfully trying to steal it from others - in short its a beta project that I think has geeks in love with the technology, speculators in love with the rah-rah from early adopters and very few voices of reason.

The fact that people are actively discouraging others from discussing what deflation means and to say "my answer is this post" is frightening and morally poisoned.

You can't build a currency on trust with a base of skewed self interest.   Have you noticed how vile and rude these boards are?  I've never seen anything like it.  THIS is the community?

THanks for replying to my post.