goldmine

Your honestly worse than pathetic, it no wonder everyone trolls the crap out of you.. listen.. If you knew as much as you think you do you wouldn't need to come on here and announce it against lesser lifeforms than you. go back under your rock!

or maybe your just a insecure guy who knows your motives

Ya thats what I thought too but I am not sure. If a double spend costs 0 then you can consistently scam. Even if the value scammed is small, if it is easy to do it represents a credible threat.

To explain what I mean in greater detail, say you have an address containing 1 mBTC. You use this to buy something and right after, you make another transaction (a double spend) into another address of yours. Maybe its 50/50 which transaction goes through first but you still scammed half the value in equity.

I think that would mean that either you use verified addresses somehow potentially involving a third party; and/or a trust network is built (such as http://bitcoin-otc.com/trust.php.) But either way the end result being that you need trusted addresses in order to do 0confirm transactions (that are desired to be instant and confirmed)

circuit breakers

there is a reason they were implemented in NYSE and later all over the other exchanges in the world

I fell out of my chair, then found another chair and fell out of it.

whoever is too scared to get their hands dirty on a sketchy virtual currency made by an anonymous japenese hacker should just stick to T-bonds

hahahaha

What do you do for a living out of curiosity?

anyone got any thoughts on litecoins, whether they will jump up in value in the future?

i will leave out the technical jargon, but if the Bitcoin protocol gets "cracked", then so do all major financial institutions in the world and that = big problems!

well no, i meant cracking one specific 256 bit key by throwing an immense amount of computing power at it for an extended period of time, not "solving" the algorithm in general.

That's all very true. Of course, you've stolen the coke so the difference between you just running with it and doing the double spend is the extra time where the shop thinks you bought it legitimately. The longer you leave it before signing the new transaction the more likely it is that the shop transaction goes through instead (you'd need to do some testing to work out how much more likely, and I guess it'd depend on how well connected each of you were).

Thinking out loud (?) here, perhaps the merchant can hire another company to watch the addresses. This company is geared towards finding out about all transactions as quickly as possible and proliferating your transactions as quickly as possible. When the merchant takes payment it sends the transaction to said company which verifies that it doesn't know of any other transactions double spending it, at which time the merchant hands over the coke. As soon as the company hears of a double spending transaction it informs the merchant immediately. This head start in the proliferation of the transaction and quickly informing the merchant of the double spend could make it infeasible or at least not worth the risk, although obviously all this would have to be tested in practice. The existence of mining pools, while probably bad for bitcoin overall, could really help this particular case.

Ripple?

Maybe Bitcoin just won't be used for point of sale transactions where there's a legitimate benefit to identification and instant verification.

There's still a huge market competing with Western Union, PayPal, and Visa for things like online orders.

/looks at the last few days

Wow

They didn't pause trading when it was going up though to "cool down"

I think they will drop a ton.. they were at .07 just over a month ago.

Short-term, I think the outlook's quite good. When Mt. Gox gets it act together and starts allowing them to be traded, I think you'll see a positive spike. After that, I don't know.

I see $50 on bitstamp.

Is this legit?

Is it me or is there a huge misperception about bitcoins holders the we are not aware that this is an incredibly risky volatile holding? I assumed that was a given, if it is not then let me clear that up.

i think the point is that there are already many fiat bank accounts in the world large enough to try this if it could be done. it can't (?)

also its not just the private key you likely need. there could be multiple passwords/2-factor auth/encryption along the way. very likely on large accounts.

A guy I know saw some discussion (which he didn't link) about this idea of brute forcing one of the big orphaned wallets. The people in the discussion were apparently positing that if the difficulty of mining kept going up, at some point it would be a better use of resources to try and brute force a wallet. I had already thought about this concept in passing myself.

My point only being that this is definitely something a lot of people have been thinking about and undoubtedly someone is trying, but of course that doesn't mean much because it's so hard.

Well, there is the difference that to brute force an online bank account for instance, you would need to connect to a bank's servers many trillions of times and they'd notice pretty fast.

(Not arguing that it's practical or anything though)

Buying btc for stars/tilt

whats the current price? would like to buy 20-30 BTC, can pay only Skrill

looks to be around 70