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02-10-2014 , 05:47 PM
Quote:
Originally Posted by TomCollins
The beauty of this is no one is going to bail out gox. Gox is going to get what they deserve (hopefully). People who stupidly kept using Gox are going to get what they deserve. We get real capitalism, where when you fail, you get crushed, rather than propped up.

Although some of this might be Gox trying to acquire coins for cheap since they have cash on hand, to try to make up for whatever got away, so they are spreading all the rumors of broken protocol. Or they are just plain incompetent. I'm not sure they are smart enough to actually try to manipulate the price.
+infinity
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02-10-2014 , 06:25 PM
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Originally Posted by housenuts
I've enjoyed my experience with vault of satoshi
Thanks!

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Originally Posted by CwazyMonter
This so called "news" regarding Gox should not be new to anyone who is even semi-invested in the BTC scene. Its been clear for some time now that Gox is run by a bunch of muppets.
Ya I regret sending them all my info to become "verified". I never put money on, but I barely trust them with my identity at this point.
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02-10-2014 , 06:27 PM
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Originally Posted by RaineTech
This has been discussed before, bitcoin can very easily shift to SHA512 if SHA256 is compromised (I believe it was TomCollins who had said this?) There is speculation that SHA256 is already compromised based on a discussion I've had with someone to which I'm not willing to go into detail about but I'm sure my presence in this thread is strong enough to be taken at my word.
Yes, switching algorithms could be done. It would be a very painful transition if not done planned out in advance, though.
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02-10-2014 , 08:59 PM
Quote:
Originally Posted by TomCollins
There's not any way to know about it being exploited without Gox's insight. Instead, they are busy blaming a known pecularity that has been around for 3+ years (and even an article explaining it hosted on the CEO's-owned wiki!).
If anybody is tracking all transactions including ones that don't end up in any chain, then they might be able to find likely matching candidates, one with a padded sig. Attributing one side to gox might be easy (are gox still doing green addresses?) I do agree with you, though, and I'm suggesting that gox should be pointing at the transactions where they were robbed if there were any. If there wasn't at the very least an active attempt at an attack then things don't bode well for gox. In fact, they already lied in their initial press release when they said that "To understand the issue thoroughly, the system needs to be in a static state". Even if they're being upfront then they were closing withdrawals to stop being robbed, not to "understand the issue".


Quote:
Originally Posted by RaineTech
This has been discussed before, bitcoin can very easily shift to SHA512 if SHA256 is compromised (I believe it was TomCollins who had said this?) There is speculation that SHA256 is already compromised based on a discussion I've had with someone to which I'm not willing to go into detail about but I'm sure my presence in this thread is strong enough to be taken at my word.
There are zero people in this thread with enough credibility to suggest that sha256 is broken and get taken at their word. However, I can believe you were talking to somebody who was speculating that it was.
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02-10-2014 , 09:17 PM
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Originally Posted by mustmuck
There are zero people in this thread with enough credibility to suggest that sha256 is broken and get taken at their word. However, I can believe you were talking to somebody who was speculating that it was.
I said there is speculation that SHA256 has been compromised based on a discussion I had with someone. Wtf is the point to what you just posted? My source would be more knowledgeable about this than anyone in this thread or even anyone working as a core developer for the bitcoin foundation.
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02-10-2014 , 11:28 PM
Following reddit and other sites today and watching what happened was kind of amazing. Just how people took to social media and forums to inform people and pretty much Barry mtgox is pretty cool, The community is powerful.
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02-10-2014 , 11:41 PM
http://btcdozer.com/about-us/

2TH/s miner from some students. Legit?!?
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02-11-2014 , 12:34 AM
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Originally Posted by iLLuS10n-
http://btcdozer.com/about-us/

2TH/s miner from some students. Legit?!?
100% not legit. The domain was registered 2-3 weeks ago and they claim they have 150 units in stock. This is basically the definition of a scam.
Bitcoins - digital currency Quote
02-11-2014 , 02:09 AM
I'm guessing Mt. Gox is insolvent and using this bitcoin "glitch" as an excuse.

Here's my question, if this "glitch" is 3 ****ing years old, why hasn't it been fixed?

Is the standard practice in bitcoin to don't fix it until it causes havoc? Sure appears to be so.
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02-11-2014 , 03:02 AM
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Originally Posted by onemoretimes
I'm guessing Mt. Gox is insolvent and using this bitcoin "glitch" as an excuse.

Here's my question, if this "glitch" is 3 ****ing years old, why hasn't it been fixed?

Is the standard practice in bitcoin to don't fix it until it causes havoc? Sure appears to be so.
The core developers have slowly been closing the hole a are adjusting what can and cannot be done to a transaction. I guess it's a big deal when you rewrite the protocol or whatever.
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02-11-2014 , 03:54 AM
Quote:
Originally Posted by RaineTech
I said there is speculation that SHA256 has been compromised based on a discussion I had with someone. Wtf is the point to what you just posted? My source would be more knowledgeable about this than anyone in this thread or even anyone working as a core developer for the bitcoin foundation.
Is this source the whole banking industry?
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02-11-2014 , 05:04 AM
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Originally Posted by OnMyBike
I've seen the above said a few times, source/evidence? The major attractions of Bitcoin are that it has the potential to be cheap to use, easy to use, and ubiquitous...but today it's actually none of those things.

It's kind of hard to tell people they'll be able to make super cheap, easy payments anywhere in the world from their cell phone...but then tell them that they should (for now) store their bitcoins in a never-met-the-Internet computer or in a safety deposit box.

Are there any links with evidence/info about how it will get easier to acquire and safely store bitcoins, and how fast progress will be made? 99.99% of potential customers aren't going to go through any of the stuff required now.
The source and evidence is all the VC money flowing into the bitcoin ecosystem. They are not all making a hundred thousand bitcoin exchanges. They are designing products around bitcoin to make it all the things you said it's not.
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02-11-2014 , 05:05 AM
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Originally Posted by Gullanian
Just loaded up some cash in my Bitstamp account to possibly buy BTC with a trailing stop loss. I suspect there's a fair chance there will be a big sell off and further price drops when MtGox reopens, good opportunity to buy imo. MtGox's statement reeks of incompetence, they are the biggest fail company in so many ways.

MtGox has triggered a big drop in the maket, but nothing fundamental has really changed. They are a bad apple and need to die and I'll be waiting for the opportunity to buy in low.
When did Bitstamp get trailing stop losses, how is this order type achieved?
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02-11-2014 , 05:09 AM
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Originally Posted by LiveActionPro
Governments are going to make sure Bitcoin doesn't fly it seems
Except in the US, Europe and elsewhere.
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02-11-2014 , 06:39 AM
Quote:
Originally Posted by RaineTech
I said there is speculation that SHA256 has been compromised based on a discussion I had with someone. Wtf is the point to what you just posted? My source would be more knowledgeable about this than anyone in this thread or even anyone working as a core developer for the bitcoin foundation.
The implication was supposed to be that credibility required is massive, not that there aren't credible people in this thread. There's speculation about everything that has come out of the NSA, no secret there. Your implication is that there's something secret that you're party to, that you aren't willing to go in to, that lends more credence to it than what has been aired publicly. You're underestimating the (relevant) credibility that would be required to change a rational person's opinion on SHA-2 based on word alone.
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02-11-2014 , 08:25 AM
MASS WITHDRAWAL PROBLEMS at BTCE & Bitstamp?

http://www.reddit.com/r/Bitcoin/comm...awal_problems/
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02-11-2014 , 08:29 AM
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Originally Posted by Bitcoin boom
When did Bitstamp get trailing stop losses, how is this order type achieved?
They don't but you can just do it yourself manually just by raising your sell order every now and then
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02-11-2014 , 08:39 AM
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Originally Posted by yomofo
MASS WITHDRAWAL PROBLEMS at BTCE & Bitstamp?

http://www.reddit.com/r/Bitcoin/comm...awal_problems/
i have the same problem from another exchange, the txid is not found on the blockchain. I did then send them to my wallet and not straight to another exchange.
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02-11-2014 , 08:58 AM
Quote:
Originally Posted by RaineTech
I said there is speculation that SHA256 has been compromised based on a discussion I had with someone. Wtf is the point to what you just posted? My source would be more knowledgeable about this than anyone in this thread or even anyone working as a core developer for the bitcoin foundation.
This sounds like you have no idea what you are talking about.
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02-11-2014 , 09:58 AM
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Originally Posted by Larry Legend
This sounds like you have no idea what you are talking about.
Explain why it sounds like I have no idea what I'm talking about.
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02-11-2014 , 10:16 AM
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Originally Posted by RaineTech
Explain why it sounds like I have no idea what I'm talking about.
Just read this quote again:

Quote:
Your implication is that there's something secret that you're party to, that you aren't willing to go in to, that lends more credence to it than what has been aired publicly. You're underestimating the (relevant) credibility that would be required to change a rational person's opinion on SHA-2 based on word alone.
You might as well be saying that cicada 3301 is easy and you have solved all of them, but you obv cant talk about it or else you get kicked out of the secret society it got you into.
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02-11-2014 , 10:19 AM
Or maybe I just know someone who works for the NSA in data security? How about stfu and troll elsewhere.
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02-11-2014 , 10:23 AM
No one is denying you may know someone who works in the NSA in data security. The fact you think your one friend is enough to justify something that has been researched extensively by the entire international banking industry and by countless academics in multiple fields for over 20 years is totally fine for you.

It just means absolutely nothing to anyone else.
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02-11-2014 , 10:31 AM
It's purely speculation as I pointed out, based on a conversation with a person more informed on the subject than anyone here and any of the core bitcoin developers. Even if it was compromised by the NSA, it doesn't mean bitcoin or anything else is unsafe because of it. There is simply no need to go into this debate as its been talked about a lot on bitcointalk.org already. Proof of it being compromised won't exist until major unlawful incidents happen.
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02-11-2014 , 10:42 AM
Quote:
Originally Posted by RaineTech
Proof of it being compromised won't exist until major unlawful incidents happen.
proof of it being compromised won't exist until it's compromised.
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