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Dr. Stab posted:You mean like a bank? What this means is that they would pay me to take their wallet. So for bank analogies it would be the same as handing over safe deposit keys.
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Jun 14, 2011 00:20
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Rudager posted:http://bitprotection.info/ Wonderful. It'll be like paying someone to rape you.
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Jun 14, 2011 00:22
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Car Stranger posted:So if I created a 'BitCoin bank' and basically stole a load of wallet.dat files and exchanged the contents for USD, would anyone be able pursue any legal recourse whatsoever since BitCoins are anonymous? Truly a laissez-faire currency. You can pay about 0.2 BTC/month for a VPN that you could run an intermediate wallet on. The payment for the service is anonymous so you could shift it through multiple wallet transactions with no link to yourself. You could claim you bought something on line and there's no way for anyone to disprove the statement. There's no legal recourse and no way to seize the wallet(s) without having access to the wallet.dat files.
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Jun 14, 2011 00:45
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Griz posted:This is just like the people in EVE Online who buy into the various bank scams: "There's no proof that this is a scam. It doesn't matter that literally every EVE bank before this one has been a scam, this time will be different!" When eBank fell apart I kept linking quotes where I called it a scam and had a list of Market Discussion personalities calling me a troll for saying it. I constantly harrassed the "ceo" of eBank until he flew into a rage on the forums. On another character I was party to transactions where eBank were selling off assets before the house of cards finally fell down. Of course the person I knew buying the assets pulled off the TITANS4U scam. Eve Online is just a training ground for making money from bitcoins.
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Jun 14, 2011 00:52
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Reptoid Democracy posted:^^EDIT: drat I miss MD, I should resub to eve. All the big shot investors trying to save face when T4U just took all the money despite their 'board of trustees' or whatever. It was clear that it was a scam as Bad Bobby was in our private scamming channel. I used to make fun of him for putting too much effort into TITANS4U. In response he'd offer to sell me shares. MD has an endless supply of fools.
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Jun 14, 2011 01:02
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JakeP posted:If dinosaurs came from space today, they would almost certainly use bitcoins as currency, and laugh at us for being slaves to the government. Anon are going to attack the Federal Reserve and accept donations in bitcoins. Those dinosaurs will be laughing at us from orbit. http://news.cnet.com/8301-27080_3-20070863-245/anonymous-targeting-federal-reserve-in-next-attack/
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Jun 14, 2011 01:49
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saberwulf posted:Correct me if I'm wrong, but isn't doing things like this now considered an Act of War by Congress? Because if it is, then I hope they slam the hackers heads in when they charge their basements. There are already laws against this. What Congress fail to understand that the police or FBI are capable of handling this. Why would you declare war against an individual? A prolonged campaign of bombing some random country because of one individual doesn't make political sense. E: I think everyone should invest their college money in trading bitcoins. What a sound method of providing for your future.
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Jun 14, 2011 02:00
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Bizob posted:It should probably have been "isn't this an act of treason/sedition?" Assuming the haxors live in the US of course. Breaking into a computer in the US is a crime in itself, let alone who knows what other charges that could be laid for attacking the Federal Reserve.
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Jun 14, 2011 02:09
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JakeP posted:If the crime is treason, they could be executed for it. Is this where Congress really wants to take hacking? If someone might snitch on you for copying data from the Federal Reserve network maybe it's worth killing them if you're likely to be executed. Punishment seems disproportionate to the crime.
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Jun 14, 2011 02:15
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electricsugar posted:Hahahaha. Well if you look at his post history it seems like most of his posts are on /r/drugs so I he obviously isn't the sharpest tool in the shed. But college money on bitcoins? Wtf was he thinking? I just F5'd the thread and the following is my favourite response. quote:It doesn't sound like you'd have done very well in college anyway. Nnep posted:So he had his college fund just chilling in mt gox or what? Seems like a good place to put it with the interest and all Someone broke into his mtgox account, bought BTC with the balance and sent the money away to other wallets. Perhaps not such a good place to keep your money.
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Jun 14, 2011 02:17
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evilweasel posted:The real risk is you just gave untraceable currency to a website that promised really, they'll send you poo poo. This is pretty much the purpose of the following site. Though at the rates they're charging for a troy ounce of silver they are ripping you off even when they send the product. http://www.midasbitcoin.blogspot.com/
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Jun 14, 2011 02:22
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JakeP posted:I'm not saying this is how congress would treat it, just a hypothetical, and even if they charged them with treason, it wouldn't necessarily be a death sentence, but treason is a capitol offense. The government wouldn't take it lightly, and would likely make an example of someone. Another potential charge could be terrorism, which the government also doesn't take lightly. Historically courts pass down an extremely harsh sentence to the first person to make an example. So execution or 25 years in prison wouldn't surprise me. Though the risk is turning neckbeards into serial killers to cover their tracks.
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Jun 14, 2011 02:28
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ayekappy posted:Wtf? Did you go insane losing money shorting BitCoins on that OPEX? I didn't. I spend all my bitcoins on prostitutes and LSD.
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Jun 14, 2011 02:42
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The Bible posted:You know, I don't think you would need it. Just create a flashy website with a lot of big technology buzzwords like "Cloud" and "Encryption", and a box where people just submit their private key to you. Someone would fall for it. The majority of people will not say if they're done something exceptionally stupid. The ones that post their dumb arse actions on the bitcoin forum are the tip of the iceberg.
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Jun 14, 2011 03:15
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flyboi posted:An assembly program consisting of nothing but NOP. If I place a source of radiation close to the IC I might be able to make it execute another instruction (or I might just make it continue to be as useful as a series of NOPs).
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Jun 14, 2011 05:00
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Ok. Which one of you is buttcoin on the official forum. Also, you web site is hilarious http://buttcoin.org/
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Jun 14, 2011 05:17
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They are upset that someone is talking negatively about bitcoins. Don't burst their (butt)bubble man.
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Jun 14, 2011 05:36
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blugu64 posted:I saw this linked in one of their sigs It's more of a pyramid scheme. Though Charles Ponzi would be proud.
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Jun 14, 2011 05:56
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SnoPuppy posted:Here is a question for bitcoin supporters: The first question I can think of is how do you prove that you were randomly selected. How would the random number generator work and on who's computer? In a sense the hashing process is effectively that randomisation system with built in checks.
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Jun 14, 2011 06:25
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SnoPuppy posted:Randomly assign users based on the day/year passed through some hashing function. It would have to be verified by some number of other nodes, the same as a transaction occurs today as far as I know. This seems like a reasonable idea but how would the timing of the coin release be controlled? The hashing process is used to control the rate of release of coin. Your understanding of how the process works is correct; the calculations are useless.
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Jun 14, 2011 06:29
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Death Himself posted:Been reading more of their forums because I can't stay away. The question on my mind is which goon created this currency?
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Jun 14, 2011 21:23
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The official bitcoin forum is down. I was looking forward to mining some comedy gold. All I found on the google cache was Atlas saying that central bankers will slit their wrists. I was hoping he'd attempted to kill himself.
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Jun 14, 2011 22:48
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Death Himself posted:I'm not willing to google anything about bitcoin anymore. I'd believe it if someone told me they were using bitcoins to buy the Brooklyn Bridge at this point, it's such a joke to me. I'm selling LAV III's and mortars on SA Mart for bitcoins. Will ship from North Korea to anywhere in the world.
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Jun 14, 2011 23:03
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Imapanda posted:I have no idea what I'm doing. Thank you for your purchase of 2 x LAV III APC. I trust your street is wide enough for the C-130 to land with your courier package.
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Jun 14, 2011 23:10
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Imapanda posted:I just started this like an hour ago. I'm assuming 0.002 of a coin isn't a whole lot. Currently the minimum transaction fee is 0.01 BTC (until the next version). Although I'll let you in on a secret evilweasel is Satoshi Nakamoto. It's all a goon conspiracy.
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Jun 14, 2011 23:14
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Someone has written an article pointing out that if bitcoins were used as a currency for everyone in the world you'd need 18TB of storage to hold the blockchain. The total bandwidth of transactions would be beyond the available bandwidth. http://bitcoinforums.net/index.php?threads/the-blockchain-a-blessing-or-a-flaw.68/ I like the idea of it being able to quickly poo poo up the internet if it was more popular.
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Jun 14, 2011 23:38
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Imapanda posted:Why is there a thread about it if no one is actually using bitcoin here? You'll find some people posting detailed information that you could only know if you are participating. There is a large potential to farm idiots of their college funds and life savings. If you are producing a significant number of bitcoins cash out regularly.
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Jun 15, 2011 00:27
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ChubbyEmoBabe posted:Am I reading right that this currency that conveniently goes out to 300 decimal places as it "grows" ( The fee is 0.01 BTC for every kb of transaction data. The fee can get rather large with a large number of microtransactions. The fee goes to a random client that processes the transaction. The current version of the client has support for a new minimum fee of 0.0005 ( or something like that). The new client is close to release which allows that value to be used.
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Jun 15, 2011 00:46
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) has a built in "fee" of .01bc for every wallet to wallet transfer?
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Aleksei Vasiliev posted:r/Bitcoin's response to Genjix's sale:  Do you have a direct link for this? (I'm lazy)
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Jun 15, 2011 00:48
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There's a lot of people supporting child pornography in that thread. It might not be long before the British police smash down their door. e: I'm seeing a lot of interesting stuff going on in the marketplace subforum. They're setting up a stock exchange based on btc, and people are selling shares in mining rigs. They are also building up a list of trusted traders. This is exactly the sort of thing that happens in eve online. Someone builds trust, gets large loans from the community and then suddenly disappear (cash in their trust). Selling shares in mining rigs linked to bitcoins is as stupid as public listing of a company that only trades in shares. Both of the above items will help create a long term bubble until most of the speculators get burnt. We'll be able to milk this for entertainment for a long time.
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Jun 15, 2011 01:09
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Yaos posted:Reading the last page made me realize why a non-governmental currency can't exist, because anybody that makes the currency will do so for the sole purpose of trying to make a lot of money. An actual open source currency should make the maintainers of it no profit except from donations from users. There's also the question of why we need yet another currency when there's already plenty of them. If you're going to go with a new currency you might as well go all in and create a new economic model while you're at it. Actual currencies are also backed by laws. For example in New Zealand you can't refuse to accept legal tender for settling payments. Maybe we could write laws in Sealand to make bitcoins legal tender.
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Jun 15, 2011 02:04
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There'll probably be another end of week drug buying/speculation spike in price before it drops off again. Sell at the end of the week is my recommendation.
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Jun 15, 2011 02:21
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I doubt there would be any cocaine left over. Forty years of just sampling a little bit each day tends to wear down the stock.
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Jun 15, 2011 02:28
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Angela Christine posted:If you want "two girls together," chances are you don't want them talking to each other, you want them touching each other. You want them to be in the same room. The extra charge is to set up the rape pyramid.
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Jun 15, 2011 04:01
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Cthulu Carl posted:Also, you might get a dead cat shipped to you. But it could be a live one! I'll ship you a cat that's both alive and dead at the same time. Provided that you don't open the box and set it to a single state.
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Jun 15, 2011 05:03
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Pizer posted:Actually it's probably just going to people buying it for speculation. That or drugs. I'm fine with drugs. What about dead animals?
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Jun 15, 2011 05:05
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Orange Sunshine posted:Namecoin isn't actually a clone of bitcoin, it's some weird alternate DNS system which uses the bitcoin software to generate... somethingorother. I haven't been able to figure out exactly what it is, since every description I've found of it everywhere is very vague. It appears to be a DNS based on bitcoin technology. It just appears to be a way to access .bit sites. e: the credit thing is stupid. It just means whoever is in first will own a lot of domains. Which you could only hope to sell for money or bitcoins assuming the bitcoin survives.
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Jun 15, 2011 22:02
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Seriously when the bitcoin market finally crashes back to $0.20 there are going to be a lot of cheap second hand video cards.
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Jun 16, 2011 01:30
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Yaos posted:They'll be so cheap you'll be able to buy them up for your own Bitcoin mining rig. This will be just in time for the next bubble.
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Jun 16, 2011 01:44
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Reptoid Democracy posted:Has anyone made a custom linux distro that is really fast to set up to mine? Or do these people do each computer individually? Someone made linuxcoin which is designed to bitcoin mine from a flash drive (so you don't waste money on hard drives). The linux ATI drivers seem pretty good. Though windows seems to offer better overclocking controls.
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Jun 16, 2011 02:04
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