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Showing 20 of 241 results by whitenight639
CONFIRMED Gox files for Bankruptcy, they stated that they have lost 1.35 Million Bitcoins
how do you "loose" coins that have millions of Public ledgers distrubuted around computers all over the world,
What are Gox's addresses? the Btc can be traced.
Gox's incompetence is truly epic, and how many times did mt gox get hacked before? why did you still trade there?
Re: Explain the gox transaction malleability issue like you are five
The problem is, there is indefinite ways to alter a cheque without invalidate it. We need to live with transaction malleability and actually it's no big deal
Gox didn't follow the specification, which required tx signature to be encoded with ASN1/DER encoding. This requirement was specified in April 2011: https://en.bitcoin.it/wiki/Protocol_specification#Signatures
Instead they used some sloppy format which was not DER encoding but was still accepted by SSL library and old reference client. When tighter checks were implemented in bitcoin reference client (the main reason for which was actually to prevent malleability issue), their transactions, which violated bitcoin spec, were rejected. Basically, their transactions looked like what hackers would employ to exploit this issue. That allowed hackers to pick these rejected transactions up, malleate them to "fix" the signature format, and re-submit. Ironically, hackers were helping MtGox to propagate their malformed transactions through the network.
So does that mean if you saw a transaction floating around the network that has a TX signature with junk padding, you could copy it, remove the padding and resend so the benifactor of that transaction would get paid twice? I take it that would have to be someone from Mt Gox resending the payment in order for it to work?
So just to be clear it is not possible to find an Unconfirmed Transaction on the Network with junk padding, copy it and change things like recipient, amount, remove padding and resend?
Jeez you would think Mt Gox would be looking for ways to speed up transactions, so you would think they would know Miners are rejecting their transactions with junk padding on the signatures and amend any script so as to remove the junk padding and speed up confirmation times. Crazy incompetence.
Re: Contrary to Mt.Gox’s Statement, Bitcoin is not at fault - Gavin Andresen 10/2/14
Can someone explain how the malleability problem is manifest?
I thought Gox like other waited for 3x confirmations in the Blockchain before acknowledging transfers into or out of a Gox account?
Re: NSA 1996:How To Make A Mint: The Cryptography Of Anonymous Electronic Money
BUMP
bringing this old thread back to life after I found the article myself and googled the title,
This is currently on an MIT webserver, but I wonder where it originated. And why the Law firm had to seek the NSAs approval to publish it?
Without an independent currency away from central bankers Scotland or any other country will not be independant.
If Scotland used BTC or any other crypto-currency I imagine it would be like the USA before 1913, with no federal income tax, no central banks devaluing the currency and less government trying to regulate everything and take peoples money by threat of force (taxation).
I may be wrong but other than a little Natural gas I don't think Scotland has many natural resources, So they would have to develop themselves as a place of inovation or a be a manufacturing or financial center to prosper.
true...i think both have built encryption options....but i also like the idea of people not knowing my identity when i send an email, unlimited disposable address, and my own domain email.
So do you want email content privacy, or do you want anonymity. the privacy of content is much easier through encryption the anonymity is also easy if you only want to be anonymous to the recipient (even hotmail don't send the opriginating IP in email headers like they used to but your IP will be known by them), if you want to be anonymous to the likes of governments, you will have to Tor or VPN daisy chaining.
For unlimited disposable addresses then use guerilla mail or some similar 30 minute mail box type service.
If you want your own domain email then you don't really get anonymity, I have many domain emails because I own the domains, some domain seller let you set email forwarders for free after purchase of the domain name without hosting. (daily.co.uk), If you own the domain though you will have a whois record with your info on or where you bought it from will know your card details / bitcoin address / IP address etc. but with your own domain email you can have anything1@yourdomain.com anything2@yourdomain... etc etc I'm sure you know this already.
Anyway the above poster made good suggestions on email providers and pgp.
P.S have you seen the latest Snowden interview, he details the NSA ?keystone? system that allows them to track anyone over pretty much all digital coms, the capabilities he describes are awesome and awesomely scary.
your barking up the wrong tree, it dosnt matter where its hosted it can be intercepted, you would be better with a hushmail account and learning how to use pgp plugin for thunderbird.
https://addons.mozilla.org/en-US/thunderbird/addon/enigmail/
https://addons.mozilla.org/en-US/thunderbird/addon/enigmail/
93.00 - cheap. I would buy.
http://www.bloomberg.com/markets/economic-calendar/
The US Treasury bonds are redeemed tomorrow, tell me what you guys think will happen to the dollar and btc / usd price if the yeild / interest rate goes up on treasuries ?
I'll tell you what, the USD will fall and the price of Btc will be higher. Might not be much but should be significant.
BUY BUY BUY
Don't ppl flock to cash when interest rates go up because of anticipated deflation? plz correct me if im wrong. I'm a very stupid person.
Do you really think there will be deflation with Ben Bernake printing $40Billion per month ?
The inflation we are seeing atm is still relatively small, because the money is a the top and not making it down into the hands of normal people, if / when it does then you will see much higher inflation very quickly.
93.00 - cheap. I would buy.
http://www.bloomberg.com/markets/economic-calendar/
The US Treasury bonds are redeemed tomorrow, tell me what you guys think will happen to the dollar and btc / usd price if the yeild / interest rate goes up on treasuries ?
I'll tell you what, the USD will fall and the price of Btc will be higher. Might not be much but should be significant.
BUY BUY BUY
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Need this to go up abit and gain some strength again.
Oh and recent news, ETFs are looking to include bitcoin in there funds see:
http://www.bloomberg.com/news/2013-07-12/diamonds-and-kazakhs-and-bitcoins-oh-my-an-etf-parade.html
Re: Who ACTUALLY knows what they're talking about here?
If I had a bitcoin for every different opinion I've read on them, I'd be rich (even at their current price). Yes, I am aware formal credentials aren't everything, but they obviously are a lot. So, if anyone who posts frequently here or in the "Speculation" thread frequently, I would just be curious of what kind of credentials you have.
If you value Credentials highly then I suggest that the bitcoin world isn't for you.
I suspect their are many well qualified and knowlagable people on this forum and many that make up for their lack of credentials with there wisdom and intelligence, but alas many of these people value their privacy over ego / status.
Thanks for the comments, I was looking at Bitstamp earlier, I think I ended up leave the site as the exchange would require up to 5 days, at the moment I am looking for quick conversions. If I have to I will use Bitbargin or Local, it is a shame though because I can't see the general population sending their money over to anon users like. I know we do that all the time now days but it is one of those things the mainstream would rather just ignore and go back to getting ripped off through their FIAT accounts.
On the brighter side at least we can dabble in international markets and learn from any mistakes, once the UK catches on(hopefully) we might even have our own micro climate.
I just remembered
, Blockchain!!! Thanks for letting me sign up, only to find out that depositing money from the UK has been disabled. This is very annoying considering they list UK as an option before signup, they just have not bothered to update the info I guess.
On the brighter side at least we can dabble in international markets and learn from any mistakes, once the UK catches on(hopefully) we might even have our own micro climate.
I just remembered
, Blockchain!!! Thanks for letting me sign up, only to find out that depositing money from the UK has been disabled. This is very annoying considering they list UK as an option before signup, they just have not bothered to update the info I guess.If you got online banking with faster payments I'd recommend bitbargain I was hesitant at first but the bitcoin they send you is kept in escrow on the site before you even pay anything so they can't just run off with your money, and once u've used a seller once it becomes easier and they won't be as anonymous cos you have they're bank details n name, so you can just keep using the same same seller if you prefer.
I use bitbargain, and have found the transactions to be very fast and easy.
You know Bitstamp.net are based in europe and can do SEPA deposits? Although you can only Trade in Dollars I think which is stupid.
OK - so there's several things there then, right?
1) Belief/assertion that middlemen are bad. Not sure I buy this... any system that can bring together two large groups of people (customers and merchants) is going to be valuable --- users of the system get value from the "middleman" service MC/Visa provide... it saves them having to worry about sorting out multilateral links/contracts/relationships, etc.
2) Claim that Visa/MC are anticompetitive / duopolostic. I think this is probably accurate but also unavoidable... and it's hard to see how to fix it.... the card network business has huge scale efficiencies and network effects... a small number of large players is what you would expect to see. This makes it really, really hard for small players to operate profitably. Not sure how to fix it since it's a fundamental property of the market structure from what I can see
3) Ability to refuse some transactions. This strikes me as a really good argument - they have this power as a result of 1) and 2) and it would strike me as being abusive.... as you suggest, however, it suits law enforcement bodies since it provides them with an easy way to stop transactions they don't like..... I just wonder if this would be enough to enable the creation of an entirely parallel network (especially one that would presumably also benefit from the effects of 1) and 2)!)
I'm not saying middlemen are necessarily bad, It's just that if we have middlemen that add no value then they should be done away with, in the UK we have a bloated service sector with everybody cutting hair or doing book-keeping, nobody is doing real work and this creates poor growth. Anyway MC and Visa add value in the current system because they facilitate customers transactions for money they hold in banks, they have massive overheads and lose vast sums of money to fraud. Now that bitcoin provides individuals with there own personal electronic bank account (in effect) We may not need these services in their current form.
As we are our own bankers we can send money to anybody else with a wallet or client, so the question is: not why do need to get rid of MC and Visa, rather it's: why do we need to keep them? (I'm thinking long term obviously).
The problem we have now with bitcoin is slow Transaction confirmations, even with the appropriate fee and transaction priority confirmations still take minutes, this is no good if you want to pay for fuel in a garage and have to wait around, Maybe MC & Visa types will find a business model in handling payments and taking the risk for the time between confirmations?
Does anyone know of a member who sells bitcoins face to face in UK Manchester/Liverpool area?
I'm in Chester.
I'm also on localbitcoins.
PM for more details
I am within 30 miles of you bro, If you ever need to buy sell away from internets consider me.
Re: Bitcoins sent to Mt.Gox didn't hit account, Mt.Gox telling me to wait 24hrs
why is it whenever I want to use Mt gox it fecking breaks on me.
They should be offering compensation for this because its a joke. never using mt gox ever again.
They should be offering compensation for this because its a joke. never using mt gox ever again.