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Robawesome
Jul 22, 2005

[–]cobolNoFun 15 points 3 hours ago

Lets say there are two buses driving around town.

Bus 1 (gox) got a flat tire one day. However, instead of dealing with it, they just kept going. The flat tire caused problems (rough ride, taking longer to get to stops, passing stops, loud noises, and general miserableness of a ride). People started to complain, but the bus driver just kept driving, causing the problems to get worse and worse, until it got to a point where the flat tire shot off the rim hitting and breaking the only door off the bus. Now no one can get off the bus, but the driver just keeps driving. Finally after a few passengers jump out of the windows, the driver slams on the breaks and says "I am not going to drive any further until i figure out the problem".

To the passengers on the bus, this is even worse then before. Before the couldn't get off the bus, now the bus isn't even going anywhere, they are so used to be beaten and ignored on that bus they feel the bus driver is just continuing down his path of stupid. He might be drunk, we don't know.

After a while he discovers the tire is flat. He comes back onto the bus and says "the tire is flat, the company did a bad job creating that tire and we will sit here on the side of the road till the tire company fixes their mistake". Obviously the bus passengers are angry. He could have stopped on looked at the tire a long time ago. He could be fixing the problem with the spare tire that is attached to the bus. It is like a bad dream for these poor passengers.

Bus 2 (bitstamp) has been doing his route like normal during all of this. He has missed a few stops here and there, was late to a stop a couple times, but overall been a decent bus driver. Hell, no one will complain, because their other option is the crazy bus with a flat tire.

So Bus 2 comes around the turn and sees bus 1 sitting on the side of the road. He pulls up and asks why he is just parked there? He learns of the bad tires and bus1's plan to wait for the tire company. He thinks about it for a second and realizes he has the same tires on his bus. So the bus 2 driver pulls over in front of Bus 1 and tells his passengers "Hold on guys i am going to go check out the tires, and replace them WITH THE SPARE if they need to be replaced. should be back on the road shortly" The passengers on bus2 are upset they have to wait, but think back to the horror stories of bus1...

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surebet
Jan 10, 2013

avatar
specialist


Mr. Powers posted:

You're a highschool dropout who works in a micromanaged gas station. Mitchell G. Oxford, your boss and the station owner, doesn't trust you. Who would? When someone pays, he watches on closed circuit and make you wait for his instructions. He doesn't even interact with you directly! He has his secretary get on the intercom to tell you how to make change. Lazy bastard!

"I'd like to buy this candy bar." The customer says.
"That'll be $1.25!" you reply.
The customer slams a twenty on the counter and waits while you sit at the register with a blank look on your face.
The intercom comes to life with a squeal. "Mitchell wants you to take out a ten, a five, three ones, and the quarters. Give that to the customer."
It's Janet, Mitchell's leggy secretary. Her image distracts you for a moment as you open the cash drawer.
"Bzzt!" A loud humming on the brink of feedback startles you. "Mitchell wants you to take out three quarters, three ones, a five, and a ten. Give that to the customer." a raspy voice commands. This is the voice of decades of smoking. What the hell was that? The customer, who had been standing patiently, flinches slightly at the squawking.
Completely off guard, you resume your task, putting the twenty in the register.
"Squeal!" Definitely feedback now, the same voice begins to give the same order, but now it's joined by three other voices. "Take out a ten, put the twenty in." "Take out a quarter, two ones, another quarter, another one!" You can tell one voice is Russian or another former Soviet Bloc native, another could pass for some sort of Scandinavian accent, with another three sounding Asian. Your customer doesn't seem fazed by them.
With the sounds of at least eight distinct voices coming through the intercom, you start to make change. Three quarters, a ten, a five, and three ones. Sliding them across the counter, you're relieved to hear silence again. The customer seems pleased, perhaps a bit too pleased to have purchased an overpriced plain Hershey bar. You could understand the excitement over 100 Grand or Pay Day, but a Hershey bar? Something seemed fishy. He was probably on drugs.
You shrug the whole ordeal off and sit back down, gazing off into nothing particular, waiting for the next customer.
Minutes pass when you hear the intercom click. "Did you do what I asked?" Janet again.
You press the mic button and reply quizzically "Huh?"
"Did you do what I asked? Did you give him a ten, a five, three ones, and three quarters in that order?" The last words spoken with a staccato.
"Uh, I guess not."
"Dammit, you're a worthless employee, you gently caress up. Mitchell ought to fire you." She shouted back. "Do it again. Don't gently caress this up." She was mad. Mitchell was going to tear you another when he came out of his office later. Maybe this would be the final straw; maybe you'd be on the streets next week, unable to pay your rent.
As you look up, the same customer is back, almost as if he appeared from nowhere. He's smiling. Definitely drugs. "I believe you have something for me?"
You take out the money, a ten, a five, three ones, and three quarters, and hand it to him. He runs off, and... And, did he just click his heels? That can't be. You're just tired.
"I took care of it." You speak into the intercom.
"Thanks," replies Janet. "At least it only took you two times to get it right. Did you even pass math?" She hit you where it hurts, knowing you dropped out of school to take care of your sickly mother.
As the week goes on, this odd sequence seems to repeat. What do you care? You're still drawing a paycheck, and Mitchell hasn't fired you yet. Late Thursday, you notice the cash drawer is getting low.
"Janet, can you bring me some changes to restock the register? I'm low on bills." You speak into the mic.
"What the hell? There should be $250 in bills in there! I'm coming out there!" She must be furious. As she exits the office, you take a moment to admire her beauty. The moment is cut short as she pushes you out of the way.
"This register is short $245! Did you loving steal from us?" She doesn't try to hide her slip up, revealing that the rumors of her and Mitchell are true.
"No. I haven't. This week has been crazy, though. What's with the other guys telling me how to make change?"
"I have no idea what you're taking about. Your supposed to do what I say! Have you been making chang another way?"
"Maybe? I don't know. There are so many voices shouting. In making change, but then you always have me give them change again. I'm just trying to follow your orders."
"WHAT?!" she screams right in your face. "You mean to tell me this whole time you've been giving out change and then again when I make you repeat it? You just bent Mitchell over the desk and gave it to him real good. That's it. We have no money. This is it. It's happening!" She was so vulgar. That made her all the more attractive.
"Look, why does it matter if I make change a different way. Why don't you just ask if I gave the right amount? Why depend on me making it in a specific order?"
"You poo poo. This is your problem to fix! There's nothing wrong with Mitch's process. You need to learn to do things in the order I tell you. Wear earplugs or something if other people are telling you otherwise." She was red faced now.
"If you don't fix this, this business will fail. The economy's still in the shitter, we were scraping by before, and now you're telling me we have no cash. I'm taking this out of your paycheck, now fix the loving problem or this will be the undoing of Mitchell G. Oxford!"

(c) now, me.

Condiv
May 7, 2008

Sorry to undo the effort of paying a domestic abuser $10 to own this poster, but I am going to lose my dang mind if I keep seeing multiple posters who appear to be Baloogan.

With love,
a mod


it's hilarious how quick mtgox has changed from bitcoin poster-child to public enemy #1. guess that's what happens when you spit in the eye of satoshi

VERTiG0
Jul 11, 2001

go move over bro
are you people not tired of this poo poo yet

stoutfish
Oct 8, 2012

by zen death robot

VERTiG0 posted:

are you people not tired of this poo poo yet

nope

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

VERTiG0 posted:

are you people not tired of this poo poo yet

sorry about your sense of humor

Linguica
Jul 13, 2000
You're already dead

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

kiwid
Sep 30, 2013

Linguica posted:

thank god my internet isn't metered I guess

rule 36

stoutfish
Oct 8, 2012

by zen death robot

Linguica posted:

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

stop using utorrent you dumbass

duTrieux.
Oct 9, 2003

Linguica posted:

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

somehow.

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

Linguica posted:

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

lol ur a bitcoiner now

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

stoutfish posted:

stop using micro-torrent you dumbass

Happy Noodle Boy
Jul 3, 2002


Robawesome posted:

[–]cobolNoFun 15 points 3 hours ago

Lets say there are two buses driving around town.

Bus 1 (gox) got a flat tire one day. However, instead of dealing with it, they just kept going. The flat tire caused problems (rough ride, taking longer to get to stops, passing stops, loud noises, and general miserableness of a ride). People started to complain, but the bus driver just kept driving, causing the problems to get worse and worse, until it got to a point where the flat tire shot off the rim hitting and breaking the only door off the bus. Now no one can get off the bus, but the driver just keeps driving. Finally after a few passengers jump out of the windows, the driver slams on the breaks and says "I am not going to drive any further until i figure out the problem".

To the passengers on the bus, this is even worse then before. Before the couldn't get off the bus, now the bus isn't even going anywhere, they are so used to be beaten and ignored on that bus they feel the bus driver is just continuing down his path of stupid. He might be drunk, we don't know.

After a while he discovers the tire is flat. He comes back onto the bus and says "the tire is flat, the company did a bad job creating that tire and we will sit here on the side of the road till the tire company fixes their mistake". Obviously the bus passengers are angry. He could have stopped on looked at the tire a long time ago. He could be fixing the problem with the spare tire that is attached to the bus. It is like a bad dream for these poor passengers.

Bus 2 (bitstamp) has been doing his route like normal during all of this. He has missed a few stops here and there, was late to a stop a couple times, but overall been a decent bus driver. Hell, no one will complain, because their other option is the crazy bus with a flat tire.

So Bus 2 comes around the turn and sees bus 1 sitting on the side of the road. He pulls up and asks why he is just parked there? He learns of the bad tires and bus1's plan to wait for the tire company. He thinks about it for a second and realizes he has the same tires on his bus. So the bus 2 driver pulls over in front of Bus 1 and tells his passengers "Hold on guys i am going to go check out the tires, and replace them WITH THE SPARE if they need to be replaced. should be back on the road shortly" The passengers on bus2 are upset they have to wait, but think back to the horror stories of bus1...

:iiaca:

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Robawesome posted:

[–]cobolNoFun 15 points 3 hours ago

Lets say there are two buses driving around town.

Bus 1 (gox) got a flat tire one day. However, instead of dealing with it, they just kept going. The flat tire caused problems (rough ride, taking longer to get to stops, passing stops, loud noises, and general miserableness of a ride). People started to complain, but the bus driver just kept driving, causing the problems to get worse and worse, until it got to a point where the flat tire shot off the rim hitting and breaking the only door off the bus. Now no one can get off the bus, but the driver just keeps driving. Finally after a few passengers jump out of the windows, the driver slams on the breaks and says "I am not going to drive any further until i figure out the problem".

To the passengers on the bus, this is even worse then before. Before the couldn't get off the bus, now the bus isn't even going anywhere, they are so used to be beaten and ignored on that bus they feel the bus driver is just continuing down his path of stupid. He might be drunk, we don't know.

After a while he discovers the tire is flat. He comes back onto the bus and says "the tire is flat, the company did a bad job creating that tire and we will sit here on the side of the road till the tire company fixes their mistake". Obviously the bus passengers are angry. He could have stopped on looked at the tire a long time ago. He could be fixing the problem with the spare tire that is attached to the bus. It is like a bad dream for these poor passengers.

Bus 2 (bitstamp) has been doing his route like normal during all of this. He has missed a few stops here and there, was late to a stop a couple times, but overall been a decent bus driver. Hell, no one will complain, because their other option is the crazy bus with a flat tire.

So Bus 2 comes around the turn and sees bus 1 sitting on the side of the road. He pulls up and asks why he is just parked there? He learns of the bad tires and bus1's plan to wait for the tire company. He thinks about it for a second and realizes he has the same tires on his bus. So the bus 2 driver pulls over in front of Bus 1 and tells his passengers "Hold on guys i am going to go check out the tires, and replace them WITH THE SPARE if they need to be replaced. should be back on the road shortly" The passengers on bus2 are upset they have to wait, but think back to the horror stories of bus1...

:a2m:

wow some smilies are really poorly made

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

Boxturret posted:

:a2m:

wow some smilies are really poorly made

you'd think people would put in some effort before dropping thirty bucks :smugmrgw: :zaeed:

edit: holy poo poo :lurkmore: is a thing

FrozenVent fucked around with this message at 05:03 on Feb 12, 2014

mod saas
May 4, 2004

Grimey Drawer

stoutfish posted:

stop using utorrent you dumbass

how am i supposed to download my linux isos then

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

FrozenVent posted:

lol ur a bitcoiner now

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

Adix posted:

how am i supposed to download my linux isos then

step 1: dont
step 2: kill you are self

mod saas
May 4, 2004

Grimey Drawer

FrozenVent posted:

step 1: dont
step 2: kill you are self

bbbbbut open sores

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

Adix posted:

bbbbbut open sores

rub salt in the open sores

Happy Noodle Boy
Jul 3, 2002


FrozenVent posted:

you'd think

Sweeper
Nov 29, 2007
The Joe Buck of Posting
Dinosaur Gum

FrozenVent posted:

you'd think people would put in some effort before dropping thirty bucks :smugmrgw: :zaeed:

edit: holy poo poo :lurkmore: is a thing

i can only imagine the :iceburn: laid down with that

surebet
Jan 10, 2013

avatar
specialist


Linguica posted:

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

enjoy your new kiddie porn and bible verses

Cantorsdust
Aug 10, 2008

Infinitely many points, but zero length.

:justpost:

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
:milkie:

Tayter Swift
Nov 18, 2002

Pillbug

Linguica posted:

ugh utorrent just told me a download was complete and somehow i had clicked on a link to download a copy of the blockchain, all 15 gigs of it

thank god my internet isn't metered I guess

Only registered members can see post attachments!

Robawesome
Jul 22, 2005

this spam attack thing is just great.



and I can't be bothered to look for it but i've seen people post cell phone pics of this transaction with the accompanying message

"this small amount of BTC can probably never be spent economically"

jony ive aces
Jun 14, 2012

designer of the lomarf car


Buglord

Heresiarch posted:

i know, it's just really funny that blockchain.info is calling it that

also it allows me to set up this which ought to piss some people off to no end
:sbahj:

jony ive aces
Jun 14, 2012

designer of the lomarf car


Buglord

killhamster posted:

yeah that's how it's supposed to work

one reached six confirmations and found its way into the official blockchain and the other was orphaned and discarded
you can easily find more in https://blockchain.info/double-spends though

like this one (for now)
https://blockchain.info/tx/3d84f16993aa7ce190aaaca179f0243e44e41f6c85980e2d96d74c83672c209d
https://blockchain.info/tx/97adfc0b48d034008bfa1cc1bcdbd2f1c29a1976eeba5ba9db03d1d406d26958

obviously a malleability attack, notice the identical recipients/amounts (also the ip locations, lol)

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

Robawesome posted:

this spam attack thing is just great.



and I can't be bothered to look for it but i've seen people post cell phone pics of this transaction with the accompanying message

"this small amount of BTC can probably never be spent economically"
that's a lotta satoshis!

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Robawesome
Jul 22, 2005

What would you put the odds at that BTC goes to zero (or close to) within the next 6 months? (self.BitcoinMarkets)

submitted 10 hours ago by Evolving

[–]xyzzy3Bullish 1 point 3 hours ago

5%

[–]Sharkictus 3 points 7 hours ago

Zero? No chance. If there's too many people who have irrational level of support.

Extremely low? Realm of possibility.

[–]SuicidalFruitFly 4 points 7 hours ago

Very small. I think there are enough opportunistic people willing to risk some money to keep BTC afloat even if it turns out that there are significant problems with the BTC protocol/most implementations.

I know I'm one such person :). If the BTC exchange rate dropped really low (say, below 100 USD), I would take the gamble and pump some extra fiat into the market. After all, I can only lose what I invest, but if the markets recover I could get some really nice returns.

[–]digligBullish 1 point 8 hours ago

0 odds.

[–]gnaritasBullish 0 points 8 hours ago

0

[–]bigwhitebike 14 points 10 hours ago

0%. I'll take out loans, work street corners, and max out credit cards if it goes to $1.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Robawesome posted:

[–]bigwhitebike 14 points 10 hours ago

0%. I'll take out loans, work street corners, and max out credit cards if it goes to $1.

:toxx:

surebet
Jan 10, 2013

avatar
specialist


So, in the end, MtGox did everyone a huge favor. (self.Bitcoin)
submitted 6 hours ago* by CoinyeUnofficial

Bitstamp closed withdrawal, BTC-E, and several others too.
Whether it is all of them or not (no response from China yet, either), it sounds like there were huge issues with how bitcoin companies used and coded their wallets.

MtGox has done the bitcoin community another large benefit and we all progressed forward through their trial and error (and bad customer service / business handling). The other companies now get to learn from Mt Gox's PR nightmares and overall mistakes and fix the problems with little negative feedback.

Also since I know this will be downvoted to hell. Even if MTGox sucks complete rear end, they still uncovered a huge industry-wide exposure.

surebet
Jan 10, 2013

avatar
specialist


*'s good for bitcoin because

:fireman:

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
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 world’s 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 today’s 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 “I’m Australian and I’m 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.

APRA’s 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 Singapore’s GST act, the country’s Inland Revenue Authority stated last month.

“[Authorities] have to understand that Bitcoin is money, and should be treated as such,” Wright said. “Unfortunately, there’s 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.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
gently caress if i know how that article writer is posting from "tomorrow" but i guess bitcoins enable time travel or something

surebet
Jan 10, 2013

avatar
specialist




:krakken:

jony ive aces
Jun 14, 2012

designer of the lomarf car


Buglord

...! posted:

gently caress if i know how that article writer is posting from "tomorrow" but i guess bitcoins enable time travel or something
publish time in sydney time translated into the viewer's local timezone i guess

it only says "in 18 minutes" for me (my backwater state doesn't have dst because it will confuse the cows and fade the curtains)

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Damiya
Jul 3, 2012

Dex posted:

https://bitcoinfoundation.org/blog/?p=422

Update on Transaction Malleability
Gavin Andresen Feb 11 2014

You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.

Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.

We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.

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.

As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.

Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.

anyone remember that time like 24 hours ago when Gox was making it up and this was a well known behavior that had existed for years and wasn't on the list of the top 10 biggest bitcoin issues

  • Locked thread