1261
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Alternate cryptocurrencies / Altcoin Discussion / Re: The Monero Free For All Thread
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on: October 06, 2014, 12:56:07 PM
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I don't know if I understood the latest posts right, but:
Suppose that, in his private netwoek, the attacker has tricked the Monero protocol to lower the difficulty to 1/2 of what would be appropriate for his hashpower. So he is capable of generating blocks with 30 sec mean gap, instead of 60 sec.
However, if the attacker finds a solution after t seconds, instead of posting it right away, he keeps mining for another t seconds. Then, among all solutions that he found, he posts the one with the smallest hash.
That way, the private blockchain still has 1 block every 60 seconds on average, so the protocol will not raise the difficulty. However, the complemented hashes will be higher than normal on average. So, the alternate blockchain, while just as long as the legitimate one, will probably have a greater "weight".
Would this attack (or a variation thereof) work?
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1262
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 06, 2014, 01:19:23 AM
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Looks rubbish, can't understand why people are trying to pump it. CCN ran a story about how 400 EU banks now allow you to buy bitcoin whilst not mentioning that such a claim is complete bullshit. It's like saying "VISA now support bitcoin because you can use your card on Circle"
Mainstream media is struggling to make ends meet, and resorted to prostitution. Even respected newspapers liek the NYT are now publishing "native advertising" -- paid advertising that looks like news.
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1266
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Economy / Service Discussion / Re: MtGox withdrawal delays [Gathering]
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on: October 05, 2014, 09:24:59 PM
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after so many months why no response from Tokyo Police? what are the investigation results? why no updates on mtgox.com from Kobayashi?
Most likely, the police will not go public until they (a) identify the criminal, try to arrest him, and are ready to file charges; or (b) decide that they cannot solve the case, and archive it. Think of how long it took for the FBI to come open on their investigation of Charlie Shrem and Ross Ulbricht.
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1268
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Other / Off-topic / Re: Answer the question above with a question.
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on: October 05, 2014, 05:55:44 PM
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Lol wut
Weren't you confused when you saw two questions asked? To check whether a phrase is grammatical one should replace a word by another with same gramatical category, and if it continues to make no sense at all then one knows for sure that the answer is, "what the hell am I doing?" You're making no sense, how does that make you feel? For example, suppose we substituted "rock" for "buffalo" in the above sentence; what would we learn from that experiment? What's the purpose of this experiment? Haven't anyone told you that we are working on a secret mission? On which mission? Do you have the need to know?
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1269
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Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer
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on: October 05, 2014, 04:47:24 PM
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That is the mess, now where is the reason? Is it:
Much simpler: the Chinese speculators, who lifted the price last November from ~120 to ~1200, are becoming disenchanted with bitcoin (which, for them, is only good for speculation), selling all they have for whatever price they can, and leaving the market. And now some large holders in the West are surely having second thoughts, and doing the same -- discreetly, while telling everybody to hold.
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1270
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 05, 2014, 09:53:05 AM
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so if I had 50000BTC siting in my address for 1 year, and I decided to move/spend 1000BTC, the days destroyed for that transaction would be 1000*365, which is not that big really when looking to the daily sum:
Thanks for the exmaple, but: If the 50'000 BTC were sitting in one address (and one utxo), wouldn't there be a 49'000 BTC change-back output too on that transaction? Would that output be excluded from the BDD? What if the change-back went to a different address?
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1271
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 05, 2014, 09:41:54 AM
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Miclael Goldstein listed many types of bitcoin scammers: Everyone's a ScammerBut he forgot the worst one: the guy who tells everybody to buy and hold, while he quietly sells. Why do you feel the need to put 'academic' in your signature? I do not have financial or political interest; what should I put then? (And I am an academic after all.) Then you should call it 'personal' interest. Having 'academic' in there actually takes away from the so called 'intelligence' you're trying to convey with it. It is not personal and I am not trying to convey 'intelligence'. I am a professor of computer science, I lectured occasionally on Computers&Society. I started looking into bitcoin because it was computer thing, and it is my job to be at least interested in computer things. If that 'academic' bothers you, well, sorry. Those that can, do, those that can't, teach. And those who can't do either scan internet forums looking for some miraculous way to get rich without working.
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1272
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 05, 2014, 09:35:44 AM
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Miclael Goldstein listed many types of bitcoin scammers: Everyone's a ScammerBut he forgot the worst one: the guy who tells everybody to buy and hold, while he quietly sells. Why do you feel the need to put 'academic' in your signature? I do not have financial or political interest; what should I put then? (And I am an academic after all.) Then you should call it 'personal' interest. Having 'academic' in there actually takes away from the so called 'intelligence' you're trying to convey with it. It is not personal and I am not trying to convey 'intelligence'. I am a professor of computer science, I lectured occasionally on Computers&Society. I started looking into bitcoin because it was computer thing, and it is my job to be at least interested in computer things. If that 'academic' bothers you, well, sorry.
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1276
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Other / Off-topic / Re: Answer the question above with a question.
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on: October 05, 2014, 08:35:08 AM
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Lol wut
Weren't you confused when you saw two questions asked? To check whether a phrase is grammatical one should replace a word by another with same gramatical category, and if it continues to make no sense at all then one knows for sure that the answer is, "what the hell am I doing?" You're making no sense, how does that make you feel? For example, suppose we substituted "rock" for "buffalo" in the above sentence; what would we learn from that experiment?
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1278
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Other / Off-topic / Re: Answer the question above with a question.
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on: October 05, 2014, 07:35:05 AM
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Lol wut
Weren't you confused when you saw two questions asked? To check whether a phrase is grammatical one should replace a word by another with same gramatical category, and if it continues to make no sense at all then one knows for sure that the answer is, "what the hell am I doing?"
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1279
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 05, 2014, 07:12:12 AM
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New Poll: Let Karpeles run Bitstamp?
If the Sunlot guys succeed in buying the remaining 200'000 BTC and the name of MtGOX for 1 BTC, I would not be surprised if they hire Mark to run the new exchange. (Their PR guy on this forum did not answer when I asked whether they would "pardon" Mark, like they already "pardoned" Gay-Bouchery and McCaleb even before any investigation.)
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1280
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 05, 2014, 07:05:51 AM
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What's interesting is days destroyed is basically at zero. All the coins being moved to exchanges to be sold are probably very new.
As I noted before, (1) the BTC volume Vex transferred to/from the exchanges is almost certainly a very small fraction of the total transaction output volume Vtot in the blockchain (600'000 BTC/day now). Therefore, even if Vex includes a few thousand old coins per day, it will hardly affect the plot of bitcoin-days destroyed (2 to 25 million BTC-day per day). (2) For the "bitcoin-days destroyed" formula, the age of the coin is when it was last moved, not when it was bought. So if someone bought 10'000 coins in 2010, moved 2'000 of them to a hot wallet two months ago, and sent these to an exchange today, there would be a lot bitcoin-days destroyed two months ago, but only 120'000 today, which will not show in the graph. By the way, I didn't see an aswer to my question about the change-back outputs: are they excluded when the "bitcoin-days destroyed" is computed? (I also don't know the guys how blockchain.info identify the change-back outputs to produce the Estimated Transaction Volume chart. I tried asking in their "help" thread, but it seems that the person who created the charts was eaten by an alien giant ameboid blob, and they haven't noticed his disappearance yet.)
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