What security issues did blockchain have?

nm googled it, scary

ONly people who were logged in at the time were vulnerable?

Heltok, tom:

I have just cursory knowledge of the case, but I have a lot of friends in security/crypto space where that case was a hot topic, and the prevailing opinion seemed to be a plea down to a couple years probation or something. Two years jailtime was a surprise. A lot of the issue iirc involved email records where it was confirmed they knew about illicit use of funds, something like that.

Between this. Silk Road 1, and Silk Road 2, it's kinda crazy how bad lots of these guys are at some pretty basic security stuff.

He was facing 30 years, I'd imagine 2 was pretty light, he probably is free in a year. Far better than dragging it out. Can imagine those in the space are going to be biased thinking he's fine. I know a lot of people in the space who are convinced Ross Ulbricht is going to be set free!

I'm not terribly surprised Charlie made this mistake, he was really young when it happened, and a lot of these types are really out of touch with reality.

As for the poor security - look how terrible the security was at Sony and I'm not surprised. Add in that those that are actually throwing these sites together are underestimating risk to begin with and generally if they were all that talented, they'd be doing other things, I'm not surprised. I'm actually kind of surprised it took as long as it did to catch them. Won't matter, more will keep popping up.

Charlie Shrem was only running an exchange bitinstant. All exchanges potentially have clients that are doing something illegal. I actually tried to use bitinstant once at 7-eleven to buy coin and it failed somehow, probably cost me a tesla car for $200.

The other guy is accused of running silk road and he is the guy they really want.

I wonder how much the future will look back at us for these trials like we look back at the trials for Alan Turing.

these guys have absolutely nothing on alan turing. nothing. maybe if it was satoshi nakomoto himself, then yeah, but charlie shrem and ross ulbricht...?

Charlie was knowingly exchanging large quantities to support to silk road. The deal he made with the florida guy was structured to take advantage of silk road traffic specifically, in exchange for profit. I doubt this would be an issue had he just been exchanging without a money transmitter license. The law was unclear and usually the government would just give you a cease and desist rather than arrest you with an unsubstantiated case.

Talking about the trials, not the persons.

Lot of people in the Bitcoin community do not understand this difference. He definitely was involved in shadier stuff and was naive as hell thinking he was in the clear. There's a lot of Charlie martyr stuff. Stupid law to begin with, but what can you do.

then why mention the person of alan turing?

alan turing trials are important because of how instrumental he was to a variety of scientific fields and how cruelly he was treated despite all that. he was persecuted for being a homosexual and he accepted chemical castration by the state to avoid going to jail. ross ulbricht and charlie shrem are easily replaceable pawns. i'm not too familiar with charlie shrem's cause, but ross ulbricht clearly broke the law. the treatment of turing is inhumane. i don't think the same can be said for ulbricht or shrem.

Are you not familiar with the trial?

Maybe because I think chemically castrating homosexuals, or kidnapping merchants who sell goods to willing buyers, to be morally wrong. At Turings times being homosexual was frowned upon and convicting them seemed reasonable to some people, today jailing people connecting sellers and buyers of recreational drugs seems reasonable to some people. But both "crimes" lack victims and the trend is very strong that we prosecute less and less victimless crimes. Thus is seems very reasonable that in like 50-100years we will wonder why the hell we put people in jail for victimless crimes that by then is considered acceptable.

In a couple years time nobody will remember who Shrem and Ulbright are. The Alan Turing trial is remembered because Alan Turing was a genius. If he hadn't been one of the people that went through that ordeal then even less people would know that these type of trials happened in the 50's. And the amount of people that know about the Alan Turing trial is already really low.

Looks like a bunch of people are getting Coinbase accounts closed due to being associated with gambling or drugs. Anyone who is using Coinbase and is going to gamble should probably be extra careful with it, possibly mixing before spending. And always send to another wallet.

I'm vacationing in St Pete beach and this afternoon I walk down the beach and there are hundreds of kids running around playing flag football and stuff all wearing t-shirts with bitcoin across it, I doubt many of them know what it is but still pretty random.

there is a NCAA bowl in town sponsored by bitcoin.

http://stpetersburgbowl.com/

http://www.breakingviews.com/bitcoin...179392.article

I found onemoretimes!

Guy as numerous factual errors in his "attack".

Too bad the site doesn't seem to let you copy/paste anything out.

OMG EVERYONE DEPENDENT ON THE MINERS, MINERS COULD CONTROL A TON THEN WE HAVE TO TRUST THEM BLINDLY!!! Uh, no.

ASSUME MONOPOLY INEVITABLE, THEN MONOPOLY PROBLEMS HAPPEN!

Worst case scenario for him - status quo.

What a clown.

quoting the article...

"GHashIO, ... currently controls 39% of the hash rate according to blockchain.info...
"

but https://blockchain.info/pools shows GHashIO at 12%.

Probably had 39% when he initially wrote this, then went through review or whatever BS rubber stamping red tape required for these clowns who never had to do anything other than have opinions their whole life.

Yes I'm aware. It was just shocking to see hundreds of people with bitcoin on their t shirt. That said every second restaurant I walk buy has a bitcoin accepted sign in the window.

You say it seems random that people are running around in bitcoin shirts.

Someone tells you there's a bitcoin bowl going on.

Then you say your aware of that? So wtf is random about it?

That 18 months ago when when I first heard of bitcoin I never thought I'd be in a random vacation spot and see a bunch of a people with a decentralized digital currency on their t shirt.

+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1+1 +1+1

One year ago it was big news that Bing was showing BTC exchange rates. Now it is not even news that Microsoft is accepting Bitcoin. We Bitcoiners have so short memory.

Here is how the prices changed the last years:
2009 +4,867%
2010 +387%
2011 +1,320%
2012 +170%
2013 +5,317%
2014 -56% so far

Maybe 2013 just was a bit too much price rise given the selling pressure from mining, Mtgox, Silkroad and other stolen coins. We are still higher than we were when the april 2013 bubble popped, transactions are still increasing and most importantly the protocol still works. I'd say we are doing perfectly fine.