Topic: Gold collapsing. Bitcoin UP. - page 492. (Read 2032291 times)

And what will they do with the reams of personal financial information they demanded? 

at first glance this is terrible news. the pre-emptive closing is weird. i had nothing there, so no worries, but i was an avid user for past couple of years. a big whole is left in the market now.

This is the logical outcome, eventually there will be no such thing as ISP's, it will back to the truly distributed architecture original envisaged. The medum term outcome has been distorted by the lack of a resource allocation mechanism, i.e. internet money, for the market to correctly price and pay for network traffic, private or otherwise. If the packets encoded their own transport payments within them, so to speak, then the relays do not need this massive out-of-band billing and payment contraption that has globbed onto the internet and created opportunities for all the corpro-facist mahem we witness today, AT&T, WorldCom, ComCast, NSA, Google, etc.

this time gold got a punch again. If that is BTC-positive, that is another question.

Exactly, in the end if you use a centralized service (such as a VPN) you have to trust that that service is not compromised somehow.

This is why P2P solutions, such as tor or bitcoin, are superior at maintaining anonymous traffic.

For example, with bitcoin if you run a full node, connect to the P2P network and send a transaction directly from your IP address, even if you are connected directly to an attacker trying to determine the source of that transaction they still could not determine your IP as the transaction's source, because your node is most likely a relay node for that transaction.

Now if you keep sending transactions to the the same node, then they could statistically determine your IP as the source. But if your node has a policy to always send new transactions to a different initial peer, then this attack becomes hard to impossible. Tor works the same way, if you route through 3 peers, then as long as one is honest you should (in theory) be fine.

A great application for bitcoin is to provide a funding model for tor P2P relay nodes. WIth bitcoin there can be a market for those willing to pay for anonymous traffic. This is not possible with fiat, because it is easy to trace the source of funds, but bitcoin provides a fully anonymous solution from payment through the end service. So lebing's point on using bitcoin was partially right, you just can't do so with a centralized service.

"The Telegraph’s recent coverage of HSBC amounts to a form of fraud on its readers. It has been placing what it perceives to be the interests of a major international bank above its duty to bring the news to Telegraph readers"

https://www.opendemocracy.net/ourkingdom/peter-oborne/why-i-have-resigned-from-telegraph#.VOOCLwagd5Y.twitter

Excellent.  I'm well stocked.

Maple Syrup

Something must be up.  I guess I'll scrape my $0.07 and BTC0.06 out of there, lest it dissappear   
To think I used to hold some coins on there.... what's left for Canadians?

I was going to post and say thanks for the last 2 quotes, they are awesome, so Thanks, re-quoted for posterity.  


and

In other news Canadian Bitcoin exchanges dropping like flies, CAvirtex going dark, this time I get a hint at what it's like to have coins on an exchange.

there must be an imminent rally coming on or something

That's a great quote, where/who is it from?

Wise words. People have become complacent and apathetic due to this and are busy consuming their own culture. Real life news has become a form of entertainment you watch lying on the sofa with a beer in your hand.

Point taken. I'm not suggesting that everyone try to become an expert on everything, division of labor obviously has its benefits. Your area of expertise should be in knowing which expert opinions to listen to - as opposed to blindly accepting whatever is handed to you as "education" or "health care". Then there is also the question of how frugally we consume resources where the cost of production has been socialized (hint: not very much). But in general the more responsibility you give away, the more complacent and less adaptable you become.

traderCJ, DZZ up 18%:

oh Lordy.  not again!

Gold collapsing.  Bitcoin UP:

Silver getting bitch slapped

Gold Collapsing. Bitcoin bottoming.

^Horrible advice.  The VPN sees your IP, which is exactly what you're trying to obfuscate by using a VPN.

you pay with bitcoin and it doesnt matter if they watch you. they won't know who "you" are.