dustcoin

16 ms·

121.
by dustcoin 13y ago
I agree, I'm just speculating on California's justification for the C&D, assuming it isn't simply a result of ignorance of how bitcoin works and the role of the Bitcoin Foundation.
122.
by dustcoin 13y ago
The best argument in favor of the C&D I can think of is that the Bitcoin Foundation pays a salary to the lead developer of the reference client and daemon.
123.
by dustcoin 13y ago
Bitcoin itself can be used anonymously if one is careful. However, there should never had been any expectation of anonymity when exchanging for another currency that is not anonymous, like a USD bank transfer.
124.
by dustcoin 13y ago
What about 100 dollar bills in particular? I would be curious to see what percentage of transactions using these bills involve tax evasion, drugs, or other illegal activity.
125.
Liberty City Ventures Launches $15M Fund for Bitcoin, Digital Currency Startups(techcrunch.com)
1 points by dustcoin 13y ago|0 comments
126.
by dustcoin 13y ago
Even without cookies, Google stores IP addresses and can use those to correlate searches.
127.
by dustcoin 13y ago
The linked post doesn't make it very clear, but the evidence that OVH itself was compromised is that two otherwise unrelated bitcoin services running on OVH (slush's pool and bitcoin-central) were compromised at around the same time.
128.
by dustcoin 14y ago
The original owner of mtgox had the domain name lying around. As far as I know, even the original mtgox bitcoin exchange shared no code with a card exchange.
129.
by dustcoin 14y ago
The power numbers cited by this article are very inaccurate when considering current mining hardware and software. "* Electricity consumption is estimated based on power consumption of 650 Watts per gigahash and electricity price of 15 cent
130.
by dustcoin 14y ago
Bitcoin was announced on a cryptography mailing list and released to the public at most a week after the blockchain was created, as proven by the headline in the genesis block. The Bitcoin whitepaper was released months earlier. Anyone had
131.
by dustcoin 14y ago
The article says they have been buying since the summer, so they are most likely still up a bunch.
132.
by dustcoin 14y ago
Bitcoin isn't just a currency, it is also a protocol and payment system.
133.
by dustcoin 14y ago
I am unable to load even the shortest replays. Edit: This appears to be a chrome specific issue.
134.
by dustcoin 14y ago
It would mean they are, on average, spending 1/5 of the sum of the transactions' inputs. Bitcoin wallets generally contain multiple addresses, and transactions will be created with inputs associated with only a subset of these addresses.
135.
by dustcoin 14y ago
>Transaction times of 10 minutes? Transaction times would be irrelevant for Amazon as they could tell customers their order is placed with zero confirmations (a few seconds), and then check for more confirmations before shipping. There
136.
by dustcoin 14y ago
Amazon charges customers' credit cards when the item ships, not when the order is placed. There is plenty of time to get a few confirmations in before shipping as Amazon doesn't ship instantly after an order is placed.
137.
by dustcoin 14y ago
Almost no one will change their preferences. Liberals will blame "evil corporations". Libertarians and conservatives will blame "big government".
138.
by dustcoin 14y ago
Did they ever publish a post-mortem of how their internal customer service portal was "hacked"? A quick search turns up nothing.
139.
by dustcoin 14y ago
>Today, now more than before, it is illegal to modify a device you have bought with your own money. To be fair, when someone buys a locked phone, they are really buying it with a combination of their own money and the carrier's money.
140.
by dustcoin 14y ago
No. CPUs are useless for mining, and the only GPU instance AWS offers uses Nvidia GPUs, which are about 5x worse than the equivalent AMD/ATI GPUs. Even if AWS had AMD/ATI GPU instances, the costs would probably be too high.
141.
by dustcoin 14y ago
Bitcoin's proof-of-work system requires a problem that is difficult to solve, has a predictable and adjustable difficulty, and allows solutions to be verified easily. Many hash functions, in Bitcoin's case, SHA-256, meet these requirements
142.
by dustcoin 14y ago
Would you sell shovels to other people if the shovels mined gold on their own? The real reason that the ASIC companies take preorders is to pay for the high upfront engineering costs. Additionally, a single entity controlling a majority of
143.
by dustcoin 14y ago
The launch was a disaster again, with most requests timing out, carts going to checkout only to ask for a few USD of payment instead of the full $1500, and a report a of a customer seeing other customer's name. Avalon has insisted on using
144.
by dustcoin 14y ago
I trust Coinbase with a small amount of coins. Similar to how no one walks around with all of their USD as cash in their wallet, it makes sense to only fund an mobile app/third-party wallet with enough bitcoins for convenient spending. Lo