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Posts: 3830 Joined: 12-Feb-2009 Last visit: 08-Feb-2024
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Uh oh... This is what I get when going to Mt. Gox. Not good. a1pha attached the following image(s):  Screen shot 2011-06-19 at 12.15.11 PM.png (79kb) downloaded 333 time(s)."Facts do not cease to exist because they are ignored." -A.Huxley
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Posts: 6739 Joined: 13-Apr-2009 Last visit: 10-Apr-2022
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DMT-Nexus member
Posts: 258 Joined: 23-May-2010 Last visit: 20-Jul-2022 Location: staticvoid
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http://arstechnica.com/s...-steals-your-bitcoin.arsQuote:
In a sure sign that the virtual currency Bitcoin has hit the mainstream, a new Trojan horse program discovered in the wild Thursday seeks out and steals victims’ Bitcoin wallets, the same way other malware goes for their banking passwords or credit card numbers.
These aren't the droids you're looking for.
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DMT-Nexus member
Posts: 2291 Joined: 26-Mar-2008 Last visit: 12-Jan-2020 Location: The Thunderbolt Pagoda
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I think a lot of the security issues stem from folks simply not treating it as an actual currency--users and services alike. Not trusting Windows would be a good start for most.
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DMT-Nexus member
Posts: 177 Joined: 03-Sep-2010 Last visit: 17-Oct-2021 Location: Here now
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down to $15. I wonder how much farther it will drop. “Psychedelics are like square roots. They can take you from a place you know, to a place you never imagined could have existed”
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"No, seriously"
Posts: 7324 Joined: 18-Jan-2007 Last visit: 09-Feb-2025 Location: Orion Spur
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Not Sure wrote:down to $15. I wonder how much farther it will drop. After the Mt.Gox hack it was down way further. It's now actually going up again. Just a minute ago I sold 5 BTC for about 17 dollar each.  I guess the biggest fluctuation will be when Mt.Gox goes online again. Mt.Gox: We will relaunch the site on June 25 at 3:00 GMT. Trading will resume at 4:00 GMT (same day). Kind regards, The Traveler
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DMT-Nexus member
Posts: 177 Joined: 03-Sep-2010 Last visit: 17-Oct-2021 Location: Here now
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That s good to hear. I was going to get some bit coins I feel a bit better now about it. “Psychedelics are like square roots. They can take you from a place you know, to a place you never imagined could have existed”
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John Murdoch IV
Posts: 2038 Joined: 18-Jan-2008 Last visit: 03-Jul-2024 Location: Changes from time to time.
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Digital bank robbery  ––––––
DMTripper is a fictional character therefore everything he says here must be fiction.
I mean, who really believes there is such a place as Hyperspace!!
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Posts: 3830 Joined: 12-Feb-2009 Last visit: 08-Feb-2024
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^ Ya, it was like the bank locking down the valut while leaving the construction entrance fully un-manned.  "Facts do not cease to exist because they are ignored." -A.Huxley
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Posts: 3830 Joined: 12-Feb-2009 Last visit: 08-Feb-2024
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EDIT: Article lacks evidence. A search at uscourts.gov yields no results. Digging into this.Here we go, another great use of taxpayer dollars. Heads up to all the miners out there... Bitcoin Laws ImminentQuote:This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins. Their research is ongoing but hastily scaling-up from where it was last week.
Seems we have new orders from the top.
The question then becomes, who’s first in the Bitcoin firing line?
Bitcoin Miners.
Bitcoin Exchanges.
Bitcoin Wallet Owners.
Bitcoin Commerce.
A quick rundown and recommendations for enforcement:
Bitcoin Miners
Remaining continuously connected to the Bitcoin network by their very nature, tracking is certainly possible. Bitcoin Miners tend to be everyday technologically-savvy users with non criminal intent usually driven by greed, making they quick to fold once takedowns begin. They will be hastily “replaced” by overseas Bitcoin Miners as the network adapts unless trust in the Bitcoin valuation is concurrently undermined, or a tactical global coordinated takedown is actioned.
Anti currency creation laws already in place here in the US could theoretically be applied to Bitcoin Miners making for a good media push.
... "Facts do not cease to exist because they are ignored." -A.Huxley
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DMT-Nexus member
Posts: 177 Joined: 03-Sep-2010 Last visit: 17-Oct-2021 Location: Here now
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what would be the easiest most anonymous way to sell bitcoins? “Psychedelics are like square roots. They can take you from a place you know, to a place you never imagined could have existed”
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Posts: 3830 Joined: 12-Feb-2009 Last visit: 08-Feb-2024
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Not Sure wrote:what would be the easiest most anonymous way to sell bitcoins? Be awes0me and Send them to me. [wallet outdated]  But no, really, this [if you're a poop-head]. "Facts do not cease to exist because they are ignored." -A.Huxley
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DMT-Nexus member
Posts: 4733 Joined: 30-May-2008 Last visit: 13-Jan-2019 Location: inside moon caverns
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I think i've got a wallet with 10 bitcoins somewhere ..backuped...hopefully That would be a net profit of 950$ ...not too shabby
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DMT-Nexus member
Posts: 176 Joined: 23-Jun-2010 Last visit: 01-Sep-2024
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Okay guys, in case you haven't read or heard about it: Bitcoin exploded to $260USD/each, then crashed to 140USD/each, then rebounded to just under 170USD/each (as of midnight 4/10/2013) - all within 24 hours! Entering the new year (Jan 1) BTC were 14USD each. They stayed pretty much the same in value all month, reaching 20USD per bitcoin on Feb 1. Come one month later, March 1, bitcoins have nearly doubled to reach 35USD/each. sidenote: I've read speculation that in March a signifigant BTC boom happened, because of the Cyprus financial crisis (could you blame those folks if they did sink all their money into a decentralized currency?). This is entirely speculation, but it seems reasonable.Bitcoin hits 100USD per coin on April 1. Continuing to climb over the next 10 days bitcoins reached the all-time high of 265USD per coin on April 10. Dropping to 140USD only 6 short hours later, and rebounding to end the night at 170USD per coin. I need sleep so I'm already positive this is a mess of a post. I just wanted to share this in case any lucky members have a few dozens BTC (or have possibly been mining for years and can now retire ) I remember seeing them at 2USD per coin a few years back, and seeing them stay at $10 each for a long time after that.... hindsight is always 20/20, eh? I've also read in regards to the crash that happened yesterday: Quote:According to TechCrunch it is due to DDoS attacks on MtGox and BitStamp to force the prices down and causing people to sell. The attackers sell their btc first at the high price, DDoS to cause the price to drop and re-buy and wait for prices to go back up.
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John Murdoch IV
Posts: 2038 Joined: 18-Jan-2008 Last visit: 03-Jul-2024 Location: Changes from time to time.
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I can hardly afford 1 coin today But maybe tomorrow. Yup maybe I can afford 10 tomorrow Way too unstable  But is Mt.Gox the only place to trade bitcoins. Are there any other places you can trust that members here have used? ––––––
DMTripper is a fictional character therefore everything he says here must be fiction.
I mean, who really believes there is such a place as Hyperspace!!
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DMT-Nexus member
Posts: 63 Joined: 06-Aug-2012 Last visit: 09-Oct-2023
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As much as everyone is ragging on Mt. Gox it is the largest exchange and thus is open to world wide scrunity from hackers and opportunists alike. I hope when trading resumes that they fix issues like excessive trade lagging. That increase in publicity was a bit too fast still I believe for the community to keep up with. It truly is a type of currency the world desperately needs and its boom shows that, but the recovery from this crash will tell a lot about it's immediate future. My personal oppinion is that if they stabalize at all above $100 it will recover rather well. It all depends on how many are in it for the long haul due to it's features vs people who just wanted to make some money. I like the idea of money not being politically controlled. Ideally if this was a major world currency there wouldnt be nearly as much voltality in price. He who knows nothing retains the capacity to know everything
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analytical chemist
Posts: 7463 Joined: 21-May-2008 Last visit: 14-Jan-2025 Location: the lab
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Bitcoin wasn't the first, and won't be the last. The concept of virtual currency was conceived in the late '70s, and introduced circa 1983. "Nothing is true, everything is permitted." ~ hassan i sabbah
"Experiments are the only means of attaining knowledge at our disposal. The rest is poetry, imagination." -Max Planck
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DMT-Nexus member
Posts: 20 Joined: 12-Feb-2013 Last visit: 22-Jun-2013
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This thread got me interested in mining. Great way to harness computing power, eh?
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analytical chemist
Posts: 7463 Joined: 21-May-2008 Last visit: 14-Jan-2025 Location: the lab
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maybe if you have a suped-up rig with a few ATI Radeon X1900 series GPUs. mining via CPU is a waste of energy and time. "Nothing is true, everything is permitted." ~ hassan i sabbah
"Experiments are the only means of attaining knowledge at our disposal. The rest is poetry, imagination." -Max Planck
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DMT-Nexus member
Posts: 1055 Joined: 21-Nov-2011 Last visit: 15-Oct-2021
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I wonder how the value of bitcoins is calculated. When I look at the cost of things on the deep web, the prices seem to be pretty stable. What does it really mean for a currency to be unstable if the products you can buy with it remain at the same price? I'd be curious of who is tracking this instability and whether or not they have a motive for detering people from using bitcoins instead of the usual currencies. Every day I am thankful that I was introduced to psychedelic drugs.
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