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Topic: The beginning of the end? (Read 1591 times)

legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:31:06 PM
#27
Yes, you are fooling people by quoting 2 different cards in your post.

If this is the Bitcoincard, why did you write about the BitInstant Paycard in your post?

I didn't write about BitInstant card. It was a screenshot that let me link u with that particular Erik.

PS: Sorry, need to leave u right now. I hope tomorrow I'll get that address.
legendary
Activity: 1078
Merit: 1003
October 04, 2012, 04:28:12 PM
#26
Charlie.. don't feed the troll.  Cheesy
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:27:52 PM
#25
Actually, debate me!

Prove what you are saying, give me a factual argument or debate me like others have done.


Hard to debate when u don't provide information which is supposed to be transparent. I'm still waiting for the address which was used to pay MtGox's membership fee.

I'll talk to Peter and get this information to you asap.
Thank you in advance.

and from ur PM

Hello. I hope u didn't forget about me.

Of course not! Im talking to him now

Have some damn patience, we are working on it.

This will let owners of Bitcoincard (mentioned ppl) to "write" any amounts on the cards making bitcoins out of thin air.

Please provide evidence to back the highlighted allegations.  Seems like scaremongering to me.

I have no evidence, only suspicions. I will be happy if it's just scaremongering.

What you say its not physically possible

Waiting for you to debate me on these facts...hurry up.

Have some damn patience.

If seriously, I said that these is my suspicions. It's impossible now but will be possible in the future if TBF gets more influence.
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
October 04, 2012, 04:26:03 PM
#24

So tell me again how one makes Bitcoins out of thin air. Just to be clear, I'm talking about Bitcoins here, ones that can be exchanged via the block chain.


The blockchain becomes too big to be handled by usual PCs. In future we may need some special services that will prove that particular bitcoins are legit. Of coz the most trustful service will be provided by TBF. And it will gain ability to create faked bitcoins. As noone will be able to make reverse-engineering of Bitcoincard, then noone will be able to change the service used by such cards. A lot of room for manipulations here.

Is that a joke? Do you really believe that? Do you understand the words that are coming out of your mouth?

Bitcoins cannot be faked, the Blockchain will reject them.


One cannot make Bitcoins out of thin air and the BTC is converted to USD before it is loaded onto the debit card. How could you create a fractional-reserve system with that? Please explain what you mean.


I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.

AFIAK the BTC i converted to USD and then loaded onto the card. Then the card holder can spend it anywhere like using a normal debit card.

If the card magically starts creating money after loading my BTC on it, I sure as hell want one. But that would screw the card issuer or BitInstant, not me.


I'm talking about OTHER card - https://bitcointalksearch.org/topic/m.1245856

Your argument still has no bearing.

You also quoted 2 different cards in your original post.

This isn't the debit card thing from bitinstant?

No.

Yes, you are fooling people by quoting 2 different cards in your post.

If this is the Bitcoincard, why did you write about the BitInstant Paycard in your post?

C'mon answer me, I'm waiting for your arguments...
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:24:41 PM
#23
This isn't the debit card thing from bitinstant?

No.
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:24:03 PM
#22

So tell me again how one makes Bitcoins out of thin air. Just to be clear, I'm talking about Bitcoins here, ones that can be exchanged via the block chain.


The blockchain becomes too big to be handled by usual PCs. In future we may need some special services that will prove that particular bitcoins are legit. Of coz the most trustful service will be provided by TBF. And it will gain ability to create faked bitcoins. As noone will be able to make reverse-engineering of Bitcoincard, then noone will be able to change the service used by such cards. A lot of room for manipulations here.
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:17:52 PM
#21

One cannot make Bitcoins out of thin air and the BTC is converted to USD before it is loaded onto the debit card. How could you create a fractional-reserve system with that? Please explain what you mean.


I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.

AFIAK the BTC i converted to USD and then loaded onto the card. Then the card holder can spend it anywhere like using a normal debit card.

If the card magically starts creating money after loading my BTC on it, I sure as hell want one. But that would screw the card issuer or BitInstant, not me.


I'm talking about OTHER card - https://bitcointalksearch.org/topic/m.1245856
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
October 04, 2012, 04:17:36 PM
#20
Actually, debate me!

Prove what you are saying, give me a factual argument or debate me like others have done.


Hard to debate when u don't provide information which is supposed to be transparent. I'm still waiting for the address which was used to pay MtGox's membership fee.

I'll talk to Peter and get this information to you asap.
Thank you in advance.

and from ur PM

Hello. I hope u didn't forget about me.

Of course not! Im talking to him now

Have some damn patience, we are working on it.

This will let owners of Bitcoincard (mentioned ppl) to "write" any amounts on the cards making bitcoins out of thin air.

Please provide evidence to back the highlighted allegations.  Seems like scaremongering to me.

I have no evidence, only suspicions. I will be happy if it's just scaremongering.

What you say its not physically possible

Waiting for you to debate me on these facts...hurry up.
hero member
Activity: 798
Merit: 1000
October 04, 2012, 04:17:22 PM
#19
I guess I am. Haven't bothered reading anything about it. This isn't the debit card thing from bitinstant? whatevs
hero member
Activity: 728
Merit: 500
In cryptography we trust
October 04, 2012, 04:15:51 PM
#18

One cannot make Bitcoins out of thin air and the BTC is converted to USD before it is loaded onto the debit card. How could you create a fractional-reserve system with that? Please explain what you mean.


I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.

AFIAK the BTC i converted to USD and then loaded onto the card. Then the card holder can spend it anywhere like using a normal debit card.

If the card magically starts creating money after loading my BTC on it, I sure as hell want one. But that would screw the card issuer or BitInstant, not me.
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:12:05 PM
#17
I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.

It's a debit card bro...

Besides pointing out that voorhees lies about bitcoin's features constantly, you have uncovered nothing that I can see.

U r wrong. From http://bitcoincard.org/product/:

Quote
Our Bitcoincard, a stand-alone device that in effect acts as an electronic wallet, can be used to hide the wallet in a safe place (outside the computer, making it inaccessible to hackers).

It is worth noting in this regard that:

digital signature keys are created and stored inside the card, and never leave it;
the card does not have an operating system or the ability to download additional software, which protects the card from attacks by viruses;
the exchange protocol with the outside world is simple and protected by encryption;
if the card is lost, the money it contains is also irrecoverably lost;
the card is completely anonymous;
the card has unmatched energy efficiency, and does not need to be charged;
the card has unprecedented processing power for an ordinary smart card;
the cards can perform peer to peer transactions using their own radio protocol in the absence of any communications infrastructure;
the cards should periodically come close to any gateway in order to synchronize their state with the global bitcoin system.

In essence, Bitcoincards are Bitcoin clients and support the following operations:

creation of an electronic wallet (addresses);
receipt of coins from Bitcoin clients;
transfer of coins to Bitcoin clients;
transfer of coins from card to card (bypassing the Bitcoin system during transfer, but having all transactions subsequently recorded in the system and verified by it).
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:09:32 PM
#16
This will let owners of Bitcoincard (mentioned ppl) to "write" any amounts on the cards making bitcoins out of thin air.

Please provide evidence to back the highlighted allegations.  Seems like scaremongering to me.

I have no evidence, only suspicions. I will be happy if it's just scaremongering.
hero member
Activity: 798
Merit: 1000
October 04, 2012, 04:09:22 PM
#15
I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.

It's a debit card bro...

Besides pointing out that voorhees lies about bitcoin's features constantly, you have uncovered nothing that I can see.
sr. member
Activity: 336
Merit: 250
yung lean
October 04, 2012, 04:08:36 PM
#14
can you ban someone for being a derp?
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:06:52 PM
#13
This will let owners of Bitcoincard (mentioned ppl) to "write" any amounts on the cards making bitcoins out of thin air.

You should spend some extra time learning about the Bitcoin protocol and less time pulling insane conspiracy theories out of your ass.

Thx for advice, but I know enough about Bitcoin protocol. Am I the only one who suspects that MtGox uses fractional-reserve on its exchange?
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:04:09 PM
#12

One cannot make Bitcoins out of thin air and the BTC is converted to USD before it is loaded onto the debit card. How could you create a fractional-reserve system with that? Please explain what you mean.


I'm talking about Bitcoincard. With unaccessible proprietary software inside the chip.
legendary
Activity: 2142
Merit: 1010
Newbie
October 04, 2012, 04:02:28 PM
#11
Actually, debate me!

Prove what you are saying, give me a factual argument or debate me like others have done.


Hard to debate when u don't provide information which is supposed to be transparent. I'm still waiting for the address which was used to pay MtGox's membership fee.

I'll talk to Peter and get this information to you asap.
Thank you in advance.

and from ur PM

Hello. I hope u didn't forget about me.

Of course not! Im talking to him now
hero member
Activity: 952
Merit: 1009
October 04, 2012, 04:01:25 PM
#10
Can't believe people don't see obvious things...

You're no Phinnaeus.
legendary
Activity: 1304
Merit: 1015
October 04, 2012, 04:00:50 PM
#9
This is like the Kevin Bacon's six degrees of separation but OP modified it with 13 pictures for 13 degrees of separation.  Kevin Bacon is in the picture with Gavin and Charlie if you look close enough.
hero member
Activity: 868
Merit: 1000
October 04, 2012, 03:59:37 PM
#8
This is a Bruno parody, right?
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