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[spadman] 23/3/2014 21:13

or maybe

hxxp://www.businessinsider.com/false-china-report-bitcoin-price-drop-2014-3

[mcbeanburger] 21/3/2014 10:56

looks like that news has created a fresh wave of selling.

[spadman] 21/3/2014 09:34

Mark Karples found 200,000 bit coins, yeah just "prised open" an old wallet and there they were. Whod of thunk it. At least the receiver has some assets to return to creditors, about time the dept of homeland security were forced to hand back the loot they grabbed.

[trentendboy] 20/3/2014 14:18

New thread needed or new charts put above. Looking a daily movements would be useful

[lokesh8] 20/3/2014 13:16

0.9.0 Bitcoin release

[lokesh8] 20/3/2014 13:15

"Takemybitcoins" game show in production

[liquidkid] 14/3/2014 10:29

I've flicked through all the garbage on this board over last weekend and that's about half an hour I'll never get back - which coin-cidently was about a satoshi of the time it takes to do one bitcoin transaction. Surely you can't leave your computer when the bits are going to and fro giving it all to mine enough for a block of hash together.

Read the paper that Shatonallye Nahnotme wrote

Bitcoin: A Peer-to-Peer Electronic Cash System
[What is needed is an electronic payment system based on cryptographic proof
instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.]

Where the frig does it say get the japanese to code up a system that makes the
price go "to the moon" or about $600 about right on the money.
The geeks read the mano-a-festo quite literally and created a considerably
untrustworthy system which probably has some AI in it that thinks like it is a honcho from GTA5

[routine escrow mechanisms could easily be implemented]
Yep that was MtGox - its amazing what you can create with a few old boxes,
sellotape and some rubber bands for price elasticity.

"The whole reason geeks get excited about Bitcoin is that it is the most efficient way to do financial transactions," Bitcoin's chief scientist, Gavin Andresen

That's why Litecoin has a faster transaction time (roughly two and a half minutes) than Bitcoin. With four times as many coins in circulation, it theoretically offers smaller divisions of coins to make smaller transaction values more feasible. Although there is the Byzantine Generals Problem so that is why it takes so long for a bitcoin transaction to take place.

Imagine you are a European trapped behind the coming capital controls iron curtain so you go buy some PC graphics cards and mine your way out of trouble. who needs guns and beans when you've got cryptic currency.

[spadman] 13/3/2014 13:06

lol yeah 1500% profit in 12 months such a waste, well it is if youve spent the whole time sat on the sidelines sniping ;)

Bitcoin seems to be pretty resilient considering the negative propaganda and lies that have been floating around the last couple of months.

[tpaulbeaumont] 12/3/2014 14:49

lol touche :)

[mcbeanburger] 12/3/2014 12:23

:) I consider reading this bb as one of my favourite ways to waste time.

fact that people are looking btc for trading is more interesting then what was said.

[tpaulbeaumont] 12/3/2014 11:48

well thats 60 seconds ill never get back again mcb :P

[spadman] 11/3/2014 18:26

^^^ silly boy

1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4UrjX

Donation address for Dorian Nakamoto victim of Newsweek scam. Over 44 bitcoins so far. One more reason why bitcoin will NEVER be defeated.

[mcbeanburger] 08/3/2014 21:03

Massive BTC Movements Send Tremors Though the Bitcoin Community

[spadman] 08/3/2014 01:55

Since that banker made the "at least with tulip bulbs" comment ive lost count of the number of times ive heard it repeated.

LOL

[trentendboy] 07/3/2014 21:25

There is that.

Price holding up very well though considering

[liquidkid] 07/3/2014 16:49

OK I'm getting worried now, are you all bots or the same sentient being constantly changing hats?

At least with tulips they could eat the bulbs when the market crashed, all you're going to be left with is a broken computer jammed up with unfixable sh!t that has probably taken your identity and has spent all your real world money on Thai ladyboiz

Anyway off on my Hoverboard... zooom.

[liquidkid] 07/3/2014 10:55

Cool, you know about those aliens, now ... zombies yay!

hxxp://www.businessinsider.com/bitcoin-sovereign-attack-2014-2

And here's the rebuttal so you don't have to bover with your own



Likening Bitcoin to an alien or zombie attack on our established financial system

[tpaulbeaumont] 07/3/2014 10:35

JUST over a week ago, Schumpeter wrote about the collapse of Mt Gox, the once-dominant Bitcoin exchange that disappeared in late February along with almost half a billion dollars of customers' cryptocurrency (and $65 million of its own)-all presumed stolen. Schumpeter's reward for his article was open warfare in the comments section. A large minority of commenters pilloried Schumpeter for daring to criticise their belief in the almighty Bitcoin. The remainder questioned the sanity of anyone believing in what one commenter described as "the currency equivalent of unicorns."

Mt Gox subsequently filed for bankruptcy, after which the formerly elusive Mark Karpeles, Mt Gox's chief executive, stated that "There was some weakness in the system, and the Bitcoins have disappeared. I apologise for causing trouble." Given the scale of Mt Gox's apparent incompetence and the cyberheist itself, this may qualify as understatement of the year.


In the wake of Mt Gox's implosion, the Bitcoin community closed ranks, with everyone from rival exchanges to the Bitcoin Foundation, the virtual currency's trade group, assuring Bitcoin users that their funds were safe and, in a crypto-nutshell, that "it couldn't happen here." All this while being painfully aware of the many serious bugs, holes and other weaknesses in the Bitcoin ecosystem-and while many virtual-currency businesses were quite visibly under attack from hackers eager to get their hands on the approximately 93% of Bitcoins that remained in circulation after the Mt Gox theft.

On March 3th it became clear that the hackers may be winning. Canada-based flexcoin, which calls itself "the Bitcoin bank", said it was shutting down after all 896 Bitcoins (worth about $570,000) in its "hot wallet" were stolen. A "hot wallet" is a form of Bitcoin storage that is connected to the internet to facilitate transactions, as opposed to offline "cold storage". Keeping large amounts of Bitcoin in the hot wallet is generally seen as poor security practice, as those coins are vulnerable to attackers. Flexcoin, it turns out, had a serious flaw in the code that enables transfers between its users. By sending thousands of simultaneous transfer requests, a hacker was able to "move" coins from one user account to another until the sending account was overdrawn, before balances could be updated. This was then repeated through multiple accounts, snowballing the sums involved, until the attacker withdrew all the coins.

The next day Poloniex, which describes itself as "a fast, secure exchange" for trading virtual currencies, said a hacker had exploited a flaw in its software and made off with 12.3% of its Bitcoins. Tristan D'Agosta, Poloniex's owner, said he takes "full responsibility", and is "committed to repaying the debt"-eventually. In the meantime the exchange has reduced all its users' balances by 12.3%, and has frozen withdrawals. Not exactly a triumph for liquidity.

And so the bad Bitcoin news keeps on coming. Japan's government says it may tax Bitcoin transactions and profits, although keeping track of either will be a challenge. Rumours continue to abound that other Bitcoin businesses are in trouble-some seriously. And on February 28th 28-year-old Autumn Radtke, chief executive of First Meta, a Singapore-based virtual-currency exchange, was found dead in her home, a suspected suicide. As yet, nobody knows if her death was related to her business. No hacks against First Meta have been reported or rumoured.

Rumours, beliefs, flaws, bugs, hacks, heists, exploits... Sometimes it seems that the lingua franca of Bitcoin consists of very little else. Safer, perhaps, to believe in unicorns.