Bitcoin: We've reached the end of the postchain.

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > Bitcoin: We've reached the end of the postchain.

«‹›999 »

Robawesome: Jul 22, 2005

https://bitcointalk.org/index.php?topic=459678.0

quote:

I am running a custom node that does real-time double spend analysis. I took a look at the log file over the last few days to see what was going on now that we have a lot of focus on malleable transactions.

Note that my custom node counts mutations on the same transaction as a double spend, which it isn't.

Detected double spends by date:

2014-01-29 470
2014-01-30 460
2014-01-31 460
2014-01-29 470
2014-01-30 460
2014-01-31 0
2014-02-01 39
2014-02-02 18
2014-02-03 97
2014-02-04 918
2014-02-05 461
2014-02-06 406
2014-02-07 769
2014-02-08 1260
2014-02-09 2618
2014-02-10 14576
2014-02-11 16960

Needless to say that things got hectic yesterday with 14576 "double spends" which I am pretty sure are malled transactions.

We seem to be approaching the total number of transactions which is about 60k a day. So it seems that someone is having a lot of fun.

I will be changing my software to do real malled transaction detection to get some more accurate numbers.

so 17k doublespend transactions a day in a network that can apparently handle only 60k transactions a day total. lol.

# ? Feb 12, 2014 06:48

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# ? May 18, 2024 21:50

Robawesome: Jul 22, 2005

# ? Feb 12, 2014 06:56

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

up uP Oh _{no_oo}

# ? Feb 12, 2014 07:00

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

jony ive aces posted:

up uP Oh _{no_oo}

# ? Feb 12, 2014 07:11

Cease to Hope: Dec 12, 2011

...! posted:

Aussie Technologists Plan To Open The World's First Bitcoin-Based Bank This Year

i'm the 5 coin in the article's picture

# ? Feb 12, 2014 07:13

Robawesome: Jul 22, 2005

quote:

Kashmir HillVerified account ‏@kashhill

FinCEN director says person meeting someone at a Starbucks to exchange bitcoin for cash should probably be registered as a money exchanger.

ahahaha

# ? Feb 12, 2014 07:54

surebet: Jan 10, 2013; ａｖａｔａｒ
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well... kinda

she did ask a question in the meeting earlier where she tried to get the legislator to say that any bitcoin transaction would require a mt licence, because bifurcation is the traditional fallacy of the stupid

if you meet with a dude to sell your butt(s) once, probably not money transmission

if you regularly hook up with dude for some bidirectional butt play, you might have a surprise waiting for you in the form of a leo

# ? Feb 12, 2014 08:14

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

surebet posted:

bidirectional butt play

mods

# ? Feb 12, 2014 08:18

ahmeni: May 1, 2005; It's one continuous form where hardware and software function in perfect unison, creating a new generation of iPhone that's better by any measure.; Grimey Drawer

...! posted:

Aussie Technologists Plan To Open The World's First Bitcoin-Based Bank This Year

Liz Tay Tomorrow at 4:00 PM

Sydney technology firm Hotwire PE is months away from opening the worlds first Bitcoin-based bank after a year of talks with regulators in the UK, US, Australia and Singapore.

CEO Craig Steven Wright said Denariuz Bank would begin accepting deposits in the second half of 2014 and would eventually offer Bitcoin-based equivalents of conventional savings accounts, term deposits, credit and debit cards, and loans.

One Bitcoin currently buys about $US667 or $A736. Wright said Denariuz would launch with a global pool of more than 100,000 Bitcoin ($A73.6 million) from its backers.

Eventually, the bank hopes to have a million customers globally.

Denariuz will have no physical branches, nor does Wright expect customers to rely on Bitcoin ATMs.

Instead, the company has built an online eWallet that, like todays online banking applications, will let customers access their accounts on their desktop and mobile devices.

Wright, who has worked in information security for 15 years and is a lecturer at the Charles Sturt University, also hopes to strike an agreement with a payments card provider like Cuscal to facailitate day-to-day Bitcoin transcations.

A growing number of Australian merchants have begun accepting Bitcoin, but Denariuz will provide currency exchange through its Coin-Exch platform when needed, he said.
Wrestling with regulators and politics

Hotwire PE has about 50 staff in Australia and the US, of which about 45 are based down under.

Wright said regulatory discussions had been particularly difficult in Australia, where the ATO has yet to clarify how it will handle Bitcoin-related GST.

But he was committed to opening Denariuz Bank in Australia because Im Australian and Im still here.

Wright hopes to finalise talks with the tax office in the coming weeks, and with company and banking regulators ASIC and APRA within the year.

The latter has yet to decide on whether Denariuz is eligible for a full banking licence, without which it will be hanging off a third-party Australian Financial Services Licence (AFSL), Wright explained.

PayPal also operates on a restricted banking licence in Australia.

APRAs decision relies on whether it deems Bitcoin a financial instrument or money  a definition that international regulators have also grappled with.

Bitcoin is not considered money or currency under Singapores GST act, the countrys Inland Revenue Authority stated last month.

[Authorities] have to understand that Bitcoin is money, and should be treated as such, Wright said. Unfortunately, theres a lot more political lobbying involved than I would have liked.

Hotwire PE this week described Denariuz as an effort to bring about the legitimisation of Bitcoin in Australia and throughout the world.

In the interim, Wright said the company would adhere to all existing laws and regulations including Basel III and its backers would wear the risk of exchange rate fluctuations.

He expected a stock market listing to be in the pipeline but declined to discuss details.

my coworker just left two weeks ago to join a sydney bitcoin startup he couldn't name
god i hope it's this

# ? Feb 12, 2014 08:22

double sulk: Jul 2, 2010

it's a bank, but with bitcoins!!!!

# ? Feb 12, 2014 08:43

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

be your own lovely tech startup!!!

# ? Feb 12, 2014 08:59

Rannos22: Mar 30, 2011; Everything's the same as it always is.

double sulk posted:

it's a bank, but with bitcoins!!!!

but I thought with btc I was my own bank?

# ? Feb 12, 2014 09:00

Tanith: Jul 17, 2005; _{Alpha, Beta, Gamma cores

Use them, lose them, salvage more

Kick off the next AI war

In the Persean Sector}

bitcoin: some assembly required

# ? Feb 12, 2014 09:05

Dex: May 26, 2006; Quintuple x!!!

Would not escrow again.

VERY MISLEADING!

Tanith posted:

bitcoin: some assembly required

# ? Feb 12, 2014 09:07

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

Tanith posted:

bitcoin: some assembly required, pray you've read the wiki correctly

# ? Feb 12, 2014 09:37

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

ahmeni posted:

my coworker just left two weeks ago to join a sydney bitcoin startup he couldn't name
god i hope it's this

so... it literally can't offer services a bank can except deposits and maybe, maybe withdrawals

maybe a brick and mortar entry point for butt based financial products, but then again the legit ones will be available over any online trading platforms if ever

how do they expect to pay their rent, never mind licencing and what is probably going to be a hilarious insurance bill?

hello, welcome to butt bank, have you heard about our 1000$ per month account special?

# ? Feb 12, 2014 09:44

MORE CURLY FRIES: Apr 8, 2004

https://twitter.com/coindomains/status/432925224615432192

# ? Feb 12, 2014 09:50

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

surebet posted:

what the actual gently caress

you mean you don't keep your bitcoins in a cat stuffed in your shirt?

# ? Feb 12, 2014 09:57

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

Boxturret posted:

you mean you don't keep your bitcoins in a cat stuffed in your shirt?

last time i read about people doing butt stuff to cattes was bonzai kittens :ohdear:

# ? Feb 12, 2014 10:00

ElectricMucus: Feb 9, 2013

Dex posted:

Users of the reference implementation who are bitten by this bug may see their bitcoins �tied up� in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.

Ok now how would they fix it? Require the transaction inputs to be written into a transaction in one particular order for example?
Guys, it's totally not a protocol issue! :lol:

# ? Feb 12, 2014 10:12

MORE CURLY FRIES: Apr 8, 2004

surebet posted:

what the actual gently caress

#coldstorage

# ? Feb 12, 2014 10:22

surebet: Jan 10, 2013; ａｖａｔａｒ
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ElectricMucus posted:

Ok now how would they fix it? Require the transaction inputs to be written into a transaction in one particular order for example?
Guys, it's totally not a protocol issue!

come to think about it that might explain why services like s-dice ask you to send your butts to a different address every time

i mean, shuffling stuff around has got to increase your attack surface, keeping your wallet online and all, and not everyone needs to constantly run their poo poo through a pseudo tumbler either

i'd argue that even though the address space is quite large it's just bad practice to use them up just because, but then again i'd wager that libtards don't even begin to understand the notion of a limited ressource

# ? Feb 12, 2014 10:41

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

oh and for whoever's still up at this ungodly hour gox is getting danger close to it's crash price point, with next to no volume of course

# ? Feb 12, 2014 10:43

theadder: Dec 30, 2011

Dex posted:

an analogy is like an egg. sometimes you get bad ones, and other times, you've got something else, but with bitcoin

# ? Feb 12, 2014 11:08

Erenthal: Jan 1, 2008; A relaxing walk in the woods; Grimey Drawer

surebet posted:

oh and for whoever's still up at this ungodly hour gox is getting danger close to it's crash price point, with next to no volume of course

im at work watching it like a starved hawk, but only because nobody really knows what i actually do at work and everytime my boss comes in to my office and asks what i'm doing i just mumble something about checking the numbers and thats apparently good enough for him

# ? Feb 12, 2014 11:09

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

surebet posted:

oh and for whoever's still up at this ungodly hour gox is getting danger close to it's crash price point, with next to no volume of course

what's the link to watch it with the buywalls and stuff again

jony ive aces fucked around with this message at 11:34 on Feb 12, 2014

# ? Feb 12, 2014 11:31

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

Erenthal posted:

im at work watching it like a starved hawk, but only because nobody really knows what i actually do at work and everytime my boss comes in to my office and asks what i'm doing i just mumble something about checking the numbers and thats apparently good enough for him

heh, working when you could have invested in butts and lived off passive income ever since :smug:

# ? Feb 12, 2014 11:34

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

Erenthal posted:

im at work watching it like a starved hawk, but only because nobody really knows what i actually do at work and everytime my boss comes in to my office and asks what i'm doing i just mumble something about checking the numbers and thats apparently good enough for him

you need more monitors so you can have a dedicated laff interface

(small'ed and blurred for opsec)

# ? Feb 12, 2014 11:37

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

jony ive aces posted:

what's the link to watch it with the buywalls and stuff again

http://bitcoinity.org/markets/mtgox/USD

http://bitcoinwisdom.com/markets/mtgox/btcusd if you want to get technical

# ? Feb 12, 2014 11:42

ahmeni: May 1, 2005; It's one continuous form where hardware and software function in perfect unison, creating a new generation of iPhone that's better by any measure.; Grimey Drawer

https://www.youtube.com/watch?v=B5Mgsdz2kDI
i guess australia is like a month behind on tv shows but i just saw this on the blacklist and i stopped watching because loving bitcoin and also since they didnt wait like 30 minutes for a bunch of confirmations the guy could have just faked sending 5 million butts

# ? Feb 12, 2014 12:03

Dessert Rose: May 17, 2004; awoken in control of a lucid deep dream...

holy poo poo lol it's down to like 500

and there was a huge attack vector??

that's been known since 2011?

loving keep mining those laffs

# ? Feb 12, 2014 12:05

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

surebet posted:

http://bitcoinity.org/markets/mtgox/USD

http://bitcoinwisdom.com/markets/mtgox/btcusd if you want to get technical

oh hey wtf is surebet talking about, that's a lot of buy-

*buy orders continue to get chewed through*

loooooooool

# ? Feb 12, 2014 12:12

jre: Sep 2, 2011; To the cloud ?

# ? Feb 12, 2014 12:27

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

keep in mind that these walls are a) super loving fluid, b) controlled by either bots or at this hour coked up russian teenagers, and c) can be fake

any time there's a quick move in either price direction they magically go *poof* and people run around trying to catch the knife to the theme of the benny hill show

# ? Feb 12, 2014 12:41

BobHoward: Feb 13, 2012; The only thing white people deserve is a bullet to their empty skull

Heresiarch posted:

the cathedral and the outhouse

lol at that, but drat it now you've made me wonder what esr thinks about bitcoin

but not enough to actually visit his website, oh god

# ? Feb 12, 2014 12:58

distortion park: Apr 25, 2011

quote:

What is happening to Bitcoin is positive
February 11, 2014, 10:08:36 PM

#1
Just my opinion

I think that Bitcoin devaluation will help Bitcoin, because this will redistribuite Bitcoins to a larger range of people who will be able to buy them at low prices.
This would be positive or the future of Bitcoin because there is not a good ratio fo distribution fo Bitcoins in the world.

# ? Feb 12, 2014 12:59

jony ive aces: Jun 14, 2012; designer of the lomarf car; Buglord

BobHoward posted:

lol at that, but drat it now you've made me wonder what esr thinks about bitcoin

but not enough to actually visit his website, oh god

he's already well-versed in owning sperg tech bullshit that crashes in value months before he's able to actually sell it

# ? Feb 12, 2014 13:05

BobHoward: Feb 13, 2012; The only thing white people deserve is a bullet to their empty skull

jony ive aces posted:

he's already well-versed in owning sperg tech bullshit that crashes in value months before he's able to actually sell it

link? esr schadenfreude best schadenfreude

# ? Feb 12, 2014 13:09

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# ? May 18, 2024 21:50

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

needed to actually 100% focus on something so i thought i'd try out bitcoinity's audio option, eg the alert for when more than 1.0 butt buys or sell

moments later i get machine gunned by clicks

apparently their idea of implementing this feature is having it beep once for every whole butt bought or sold, not once per transaction

at least it was for a hundred odd butts being sold, but still, who the gently caress thought this was a good idea?

# ? Feb 12, 2014 13:12

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > Bitcoin: We've reached the end of the postchain.

«‹›999 »

quote:

jony ive aces posted:

...! posted:

quote:

Robawesome posted:

surebet posted:

...! posted:

double sulk posted:

Tanith posted:

Tanith posted:

ahmeni posted:

MORE CURLY FRIES posted:

surebet posted:

Boxturret posted:

Dex posted:

surebet posted:

ElectricMucus posted:

Dex posted:

surebet posted:

surebet posted:

Erenthal posted:

Erenthal posted:

jony ive aces posted:

surebet posted:

Heresiarch posted:

quote:

BobHoward posted:

jony ive aces posted: