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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29468. (Read 26711072 times)

hero member
Activity: 574
Merit: 500
Japanese policeman on protestors , asking license to protest..

http://www.ustream.tv/channel/mtgox-protest

Watch live now

bonkers!!!

I like his calmness in explaining his stance
legendary
Activity: 1428
Merit: 1000
Japanese policeman on protestors , asking license to protest..

http://www.ustream.tv/channel/mtgox-protest

Watch live now
full member
Activity: 124
Merit: 100
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 308
Merit: 250


And whats wrong with simply using Gox as a cold storage wallet exactly?


LOL  Grin
hero member
Activity: 750
Merit: 601
OK, again, here is what I would do if I had to safely store several hundred thousand bitcoins that my clients gave me for safekeeping. 

First, I would create a dozen new addresses and distribute the bitcoins evenly among them.  I do not believe in trapdoor functions, and I know what NSA did to that random number generator; so I instead of any "modern" encryption I would use the old and guaranteed one-time-pad method. I would generate a file of truly random bits (say, extracted from the microphone signal), and XOR it with the private keys.  Then I would copy the result to a pen drive, check that the copy succeded, safely remove the pendrive (see, I learned my lesson!) I would repeat with a second pendrive and give it to my partner.  Then each of us would go to a different bank, on separate cars, and store his pendrive in a safe deposit box. Only then I would go back and reformat the hard drive of my computer.


Do I really need to add the "stupid smiley" here?)


And whats wrong with simply using Gox as a cold storage wallet exactly?
hero member
Activity: 574
Merit: 500
they've beenin the 7-9pm jpy time I believe in this time of crisis Cheesy
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
To be honest I consider it to be accurate ... just not timely..

Okay.  Well, I can barely speculate on price.  Speculating on a release time would be difficult for me to do.
hero member
Activity: 574
Merit: 500
We starting a pool on the next update time frame from gox Friday 7pm Japan?


Do you mean a real update or the science fiction we've been getting?



To be honest I consider it to be accurate ... just not timely..
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
We starting a pool on the next update time frame from gox Friday 7pm Japan?


Do you mean a real update or the science fiction we've been getting?

hero member
Activity: 574
Merit: 500
We starting a pool on the next update time frame from gox Friday 7pm Japan?
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
^^ lol

Back to btc.  I'm thinking that I smell a trap.


bought my btc for 540-580 last week, i thought it was a nice deal at this time, now they are back down at this price  Undecided

gox price make you feel like that 570 is stil expensive. they do a good job...



If it makes you feel any better, I think you'll be alright.  You may have to wait a while though.
hero member
Activity: 681
Merit: 507
^^ lol

Back to btc.  I'm thinking that I smell a trap.


bought my btc for 540-580 last week, i thought it was a nice deal at this time, now they are back down at this price  Undecided

gox price make you feel like that 570 is stil expensive. they do a good job...

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
^^ lol

Back to btc.  I'm thinking that I smell a trap.
hero member
Activity: 910
Merit: 1003
Can I be your partner?  I promise that I won't rob you!
I am 100% certain that you won't.  Grin
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Those are high security steps.  [ ... ]

But I suppose that you noticed the crucial missing step in that recipe, right?  Wink

Can I be your partner?  I promise that I won't rob you!
hero member
Activity: 910
Merit: 1003
Those are high security steps.  [ ... ]

But I suppose that you noticed the crucial missing step in that recipe, right?  Wink
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
OK, again, here is what I would do if I had to safely store several hundred thousand bitcoins that my clients gave me for safekeeping. 

First, I would create a dozen new addresses and distribute the bitcoins evenly among them.  I do not believe in trapdoor functions, and I know what NSA did to that random number generator; so I instead of any "modern" encryption I would use the old and guaranteed one-time-pad method. I would generate a file of truly random bits (say, extracted from the microphone signal), and XOR it with the private keys.  Then I would copy the result to a pen drive, check that the copy succeded, safely remove the pendrive (see, I learned my lesson!) I would repeat with a second pendrive and give it to my partner.  Then each of us would go to a different bank, on separate cars, and store his pendrive in a safe deposit box. Only then I would go back and reformat the hard drive of my computer.


Do I really need to add the "stupid smiley" here?)

Those are high security steps.  If you were obsessive about security, a good prior step would be to build a fresh vm with a restrictive firewall on which to perform the manipulations.  A good posterior step would be to break up both the pad and the keys using turbo codes and distribute them over a number of pendrives, such that e.g. any three of nine suffice to reconstitute the data, and treat them similarly.

In a business, however, security measures must be designed to optimize under constraints, requirements, which these extremist schemata do not accomodate.
hero member
Activity: 574
Merit: 500
http://www.reddit.com/r/Bitcoin/comments/1yilnh/proof_mtgox_is_working_on_fix/

I haven't clicked any of the URLs but I this could be some strong bull FUD


Was just about to post that...

Oh, how I want to believe

I would assume it can be back checked somewhat.. and or dis proven pretty quickly though

I do recognize the ntxid syntax from one of their statements.
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