Online Cash Bitcoin Could Challenge Governments, Banks

Discussion in 'privacy general' started by nightrace, Apr 16, 2011.

  1. lotuseclat79

    lotuseclat79 Registered Member

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    A Trader Nicknamed ‘BearWhale’ Is Freaking Out the Bitcoin Markets.

    -- Tom
     
  2. lotuseclat79

    lotuseclat79 Registered Member

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  3. lotuseclat79

    lotuseclat79 Registered Member

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  4. lotuseclat79

    lotuseclat79 Registered Member

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    Bitcoin over Tor Isn't a Good Idea (426.5 KB PDF download) by Alex Biryukov and Ivan Pustogarov at University of Luxembourg

    -- Tom
     
  5. mirimir

    mirimir Registered Member

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    Yes, but see discussion in the tor-talk list.

    While the vulnerabilities that Biryukov and Pustogarov have identified are real, the fact remains that Bitcoin without Tor (or VPNs) is not anonymous. So using Tor is still better than nothing, from an anonymity perspective. Given the risks of double-spending and such, it's not prudent to risk lots of Bitcoins. Maybe the safest approach would be a private VPN (purchased anonymously) tunneled through Tor.
     
  6. lotuseclat79

    lotuseclat79 Registered Member

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    Bitcoin mining is NP-hard

    -- Tom
     
  7. lotuseclat79

    lotuseclat79 Registered Member

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    Next Disruptive Computing Paradigm: Connected World of Bitcoin.

    -- Tom
     
  8. lotuseclat79

    lotuseclat79 Registered Member

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  9. ronjor

    ronjor Global Moderator

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    http://www.infoworld.com/article/28...ng-bitcoin-payments-in-its-online-stores.html
     
  10. Tipsy

    Tipsy Registered Member

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  11. mirimir

    mirimir Registered Member

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    That's because it's not an investment ;)
     
  12. PaulyDefran

    PaulyDefran Registered Member

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    I bought at $5, how did I "lose" money? :)
     
  13. Mrkvonic

    Mrkvonic Linux Systems Expert

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    If you did not sell at less than $5, you did not.
    And if you did not sell at all, you are <null pointer exception>.
    Mrk
     
  14. mirimir

    mirimir Registered Member

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    I've made a lot at times, which has allowed me to play with some cool servers, and I've lost much of what's left over the year. So it goes. Son las cosas de la vida ;) Now I don't hold Bitcoins longer than necessary. I run tabs with clients, and get Bitcoins when I need them.
     
  15. ronjor

    ronjor Global Moderator

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    http://www.bloombergview.com/articles/2014-12-23/and-2014s-worst-currency-wasbitcoin
     
  16. Minimalist

    Minimalist Registered Member

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    Police suspect fraud took most of Mt. Gox's missing bitcoins
    http://www.csoonline.com/article/28...d-took-most-of-mt-goxs-missing-bitcoins.html?
     
  17. Minimalist

    Minimalist Registered Member

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  18. ronjor

    ronjor Global Moderator

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    http://www.wired.com/2015/01/bitstamp-offline/
     
  19. Palancar

    Palancar Registered Member

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    ronjor,

    Fortunately, most of their Bitcoins are kept "cold" and offline. Even with a confirmed hack (still being assessed at this time) the small fraction of coins lost will be paid back directly from their reserves. I think it was wise to take down the system while investigations continue.

    I don't have my coins there, but it could happen anywhere. I feel I am safe, but then don't we all??
     
  20. Nebulus

    Nebulus Registered Member

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    http://www.coindesk.com/future-unclear-romanian-bitcoin-exchange-users-withdraw-funds/

    PS: This piece of news is a bit old, but I didn't see it mentioned here :)
     
  21. noone_particular

    noone_particular Registered Member

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    The only way that virtual currencies like BitCoin can succeed as a currency is to make it worthless as a commodity. It's value needs to be based on something that's widespread, common and of very stable value. If it's worth the same today, tomorrow, and next year, it won't be hoarded as a commodity. If BitCoins value would have been stable, Mt Gox wouldn't have looked like a bank begging to be robbed.
     
  22. siljaline

    siljaline Registered Member

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  23. ronjor

    ronjor Global Moderator

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  24. siljaline

    siljaline Registered Member

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  25. ronjor

    ronjor Global Moderator

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