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Old 03-05-2014, 11:06 AM   #976
RastaMon
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For someone that really hates bitcoin, cwb124 is pretty obsessed with incessantly talking about it.
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Old 03-05-2014, 12:25 PM   #977
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I can't be the only one who thinks these are fed/IMF funded hackers.
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Old 03-05-2014, 12:26 PM   #978
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Quote:
Originally Posted by DoctorNick View Post
I can't be the only one who thinks these are fed/IMF funded hackers.
Probably JP Morgue. That's why they've been "silencing" all these bankers lately. Like every day a new one "falls" off a roof.
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Old 03-05-2014, 12:28 PM   #979
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Quote:
Originally Posted by DoctorNick View Post
I can't be the only one who thinks these are fed/IMF funded hackers.
<silent nod and slips his tin foil hat on>

With the "vending machines" that were coming...overstock.com accepting bitcoins. You need to stop that flood before it really becomes a part of the culture.

-*
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Old 03-05-2014, 12:28 PM   #980
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Quote:
Originally Posted by DoctorNick View Post
I can't be the only one who thinks these are fed/IMF funded hackers.
i assumed it was... Dept of Treasury, SS, etc
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Old 03-05-2014, 12:30 PM   #981
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Amazon just needs to start accepting it.

Meanwhile it's rising back up, almost $700.
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Old 03-05-2014, 12:36 PM   #982
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My understanding is that each coin has some type of serial#/ID. So.. technically, the stolen coins can be traced but since there's no enforcement/authority, then nobody gives a ****?

I agree that these hacks are funded by the gubberment and/or banks. Nowadays, they are pretty much one and the same.
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Old 03-05-2014, 01:58 PM   #983
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http://www.foxnews.com/tech/2014/03/...ected-suicide/

Quote:
Autumn Radtke, 28, the American chief executive of Singapore-based virtual currency company First Meta.facebook
It appears bitcoin’s recent turmoil has claimed its first life.
Autumn Ratke a 28-year-old American CEO of bitcoin exchange firm First Meta was found dead in her Singapore apartment on Feb. 28.
Local media are calling it a suicide, but Singapore officials are waiting for toxicology test results. Ratke formerly worked with Apple and other Silicon Valley tech firms on developing digital payment systems.
"The First Meta team is shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke."
- Statement on First Meta website
Ratke’s death brings the number of questionable financial sector deaths this year to eight. On Feb. 18 a 33-year-old JPMorgan finance pro leaped to his death the roof of the JPMorgan’s 30-story Hong Kong office tower.
Li Junjie’s suicide marked the third mysterious death of a JPMorgan banker. So far, there is no other known link between any of the deaths.
Gabriel Magee, 39, a vice president with the JPMorgan’s corporate and investment bank technology arm in the UK, also jumped to his death from the roof of the bank’s 33-story Canary Wharf tower in London on Jan. 28.
On Feb. 3, Ryan Henry Crane, 37, a JPM executive director who worked in New York, was found dead inside his Stamford, Conn., home.
A cause of death in Crane’s case has not be determined until a toxicology report is complete, according to a spokesperson for the Stamford detectives division.
The report is expected within two weeks.
probably also hacked...
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Old 03-06-2014, 12:12 PM   #984
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http://bgr.com/2014/03/06/bitcoin-in...akamoto-found/

Quote:
According to Bitcoin lore, the cryptocurrency got its humble beginnings in a white paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” written by a man calling himself Satoshi Nakamoto. For years, though, no one knew Nakamoto’s actual whereabouts or even if he really existed at all… until now. Newsweek has done some impressive detective work and has tracked down whom it claims to be the real Nakamoto at his home in Temple City, California.
Nakamoto comes across as somewhat reclusive and more than a little paranoid. The first thing he did when Newsweek reporter Leah McGrath Goodman approached his house was to call the local police department. He is also incredibly reluctant to talk about Bitcoin even though he tacitly acknowledges his role in its creation.

“I am no longer involved in that and I cannot discuss it,” the 64-year-old Nakamoto told Newsweek when asked. “It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”

Nakamoto’s career is just as secretive: Newsweek found that he has a long history of doing “classified work for major corporations and the U.S. military.” Nakamoto’s youngest brother also told Newsweek that Nakamoto is “an *******” who has “worked on classified stuff” and has led a life that was “a complete blank for a while.” Nakamoto also apparently gave a talk about Bitcoin to the CIA as a way to help the intelligence agency realize that Bitcoin was not a threat to economic stability or strictly a black market currency being used solely for illegal activity.

Yet despite his work and deep connections with the federal government, Nakamoto was also apparently a staunch libertarian who saw Bitcoin as a way to develop currency that wasn’t prone to manipulation by the Federal Reserve.

All things told, Newsweek’s exposé on Bitcoin’s father raises even more questions than it answers and makes Bitcoin’s origins seem even shadier than they were before.

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Old 03-06-2014, 12:15 PM   #985
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Pretty cool stuff!
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Old 03-06-2014, 12:33 PM   #986
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So it's a CIA front like Al Jazeera? Sneaky stuff.
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Old 03-06-2014, 12:35 PM   #987
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I guess we can't be all that surprised.
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Old 03-07-2014, 12:20 AM   #988
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I'm mining using one of the scrypt auto changing mining pools, but I have automatic bitcoin conversion on. Is that worth it, or is it better to try and trade off the bits of the various coins I'm mining?

I don't want to have to track the values of 15 different coins. ><

OK, I learned myself on some terms. What is a good site for determining crypto currency profitibility? Any recommendations?

Last edited by jsmaze; 03-07-2014 at 12:34 AM.
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Old 03-07-2014, 02:54 AM   #989
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Quote:
Originally Posted by DoctorNick View Post
I guess we can't be all that surprised.
Don't think it's him....
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Old 03-07-2014, 03:11 AM   #990
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Old 03-07-2014, 06:49 AM   #991
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http://www.thestar.com/business/2014...currency.html#

Quote:

Canadian bitcoin bank collapses after hackers steal digital currency

Alberta’s Flexcoin says it is unable to recover from theft from digital vault


By: The Associated Press, Published on Wed Mar 05 2014

SAN FRANCISCO —A Canadian bank specializing in bitcoins says it has closed after computer hackers stole its digital currency.

The closure of the Flexcoin bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange. The Japan-based Mt. Gox also linked its demise to an electronic heist.

The twin failures of Mt. Gox and Flexcoin will likely raise more doubts about bitcoin’s ability to establish itself as an alternative currency.

In a notice Tuesday, Flexcoin says 896 bitcoins were stolen from its online vault. That translates into a loss of about $600,000, based on bitcoin’s current trading value.

Unlike banks dealing in government-backed currencies, Flexcoin’s losses aren’t covered by deposit insurance. The Alberta bank says it can’t recover from the setback.

Bitcoins that Flexcoin kept offline, or in “cold storage,” remain secure, according to the bank. Although Flexcoin didn’t provide details, bitcoins stored this way are often documented on paper certificates or on a hard drive that’s not connected to the Internet.

The Mt. Gox collapse represents a far bigger blow to bitcoin’s credibility. That downfall wiped out about 750,000 bitcoins, or about six per cent of the currency’s total circulation. Mt. Gox has filed for bankruptcy protections while it sifts through its financial mess.

Japanese officials said Wednesday that the country is drawing up a plan to regulate bitcoins, including clauses the Nikkei business daily said would tax bitcoin transactions and ban banks and securities firms from handling the digital currency.

An opposition lawmaker had petitioned the government to clear up, among other issues, whether bitcoins should be treated as a currency. Treating them as a currency could mean regulation under more stringent banking laws.

The Japanese government seems to be leaning toward treating bitcoins as a general commodity, the Nikkei said. Any gains from trading bitcoins in Japan would be subject to taxes, the paper said. For companies, revenue from bitcoin transactions will also be taxed.

In a court filing this week, U.S. resident Gregory Greene said Mt. Gox should have its U.S. assets immediately frozen. Greene is suing on behalf of holders of the digital currency. “Mt. Gox has shuttered its operations while holding on to the class member’s property — their Bitcoins and fiat currency — and should be made to return that property without further delay,” Greene said in a filing requesting the asset freeze.

“Absent such relief, Mt. Gox’s victims will be required to watch as defendants abscond with their remaining bitcoins and money without any hope of recourse,” he said.
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Old 03-07-2014, 04:36 PM   #992
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tinfoil hat on: finding the founder seems like a huge distraction to all the bit coin failing going on
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Old 03-07-2014, 05:24 PM   #993
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I'm confused, can the thieves who stole the bitcoins actually use them? I would've thought they were individually signed/traceable?
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Old 03-07-2014, 05:26 PM   #994
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Of course they can use them. Why else would they steal them? Maybe they're traceable, but who's going to enforce it?
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Old 03-07-2014, 05:29 PM   #995
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Quote:
Originally Posted by bakadayo View Post
I'm confused, can the thieves who stole the bitcoins actually use them? I would've thought they were individually signed/traceable?
Do you know the serial number of all the cash in your wallet (or Bitcoins in your digiwallet) so you can trace it if it gets stolen?
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Old 03-07-2014, 05:45 PM   #996
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Quote:
Originally Posted by Howl View Post
Do you know the serial number of all the cash in your wallet (or Bitcoins in your digiwallet) so you can trace it if it gets stolen?
True, but that would require a cashier to enter the serial number of each bill into a computer to check, per se. I think he means, since it's all digital, can't the stolen coins be earmarked?
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Old 03-07-2014, 05:51 PM   #997
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Perhaps they stole the record of what coins they had.
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Old 03-07-2014, 09:17 PM   #998
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Quote:
Originally Posted by Spheris View Post
True, but that would require a cashier to enter the serial number of each bill into a computer to check, per se. I think he means, since it's all digital, can't the stolen coins be earmarked?
Exactly, it should be pretty easy to have each "coin" signed, and then have a ledger to check against. Since it's all digital transactions anyways, it should happen really quickly. Of course, this would mean a series of centralized ledgers to keep track of all the coins, and which wallet they belong to. But perhaps even this is too big brother/gov't oversight for the nature of Bitcoins. *shrugs*
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Old 03-07-2014, 09:58 PM   #999
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Quote:
Originally Posted by bakadayo View Post
Exactly, it should be pretty easy to have each "coin" signed, and then have a ledger to check against. Since it's all digital transactions anyways, it should happen really quickly. Of course, this would mean a series of centralized ledgers to keep track of all the coins, and which wallet they belong to. But perhaps even this is too big brother/gov't oversight for the nature of Bitcoins. *shrugs*
Since the point of bitcoin is anonymity...
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Old 03-07-2014, 10:15 PM   #1000
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isn't all of that captured in the stream? The stream is there, someone just has to mine the data?

I mean, you'd have wallet numbers and amounts, right? Of course it's obfuscated across some crazy number of wallets, but you'd be able to follow it if you were motivated to follow it?

-*
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