Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33289. (Read 26463461 times)

US Govt doesn't take something down piecemeal. Review Kim Dotcom and poker to see how they work. Just taking the Dwolla account lets MtGox change domains (off .com), move servers, move money (their accounts in Japan likely have much much much more money). DHS/DOJ don't play nice and give people "warning shots". MtGox being incompetent isn't news. They shouldn't have let people use Dwolla. The reason they were probably interested in the Coinlab deal was because they knew they weren't legal. Coinlab probably knew his and probably reported them. Again, MtGox being incompetent isn't news. It would be news if they weren't.  
 
Blocking US ips was a smart move by SatoshiDice. It's not worth the legal risk. Americans can still gamble, they can find out how, the website was garbage anyway.

MtGox/Coinlab lawsuit will likely drag on for years, has very little to do with the market and/or Bitcoin.

CampBX uses Dwolla. They're based in the USA. DHS could shut down their entire operation. But they're still up, they're still letting people use Dwolla to get Bitcoins. So clearly it's not an attack on Bitcoins. It's merely MtGox getting caught doing something they shouldnt.

Med/Long term it was good news. People leaving MtGox, moving to other exchanges. We need more bad news for MtGox, so more people will move.

You are making a mole hill into a mountain. What happened with Dwolla/MtGox was NOTHING. Look deeply into it. It is nothing. It is a blessing in disguise if you think even a bit about it.

I'm not saying we come out on top, for as you said, perhaps the internet get shut down. But, I trust in Universe...

They are not isolated incidents.

They are proof that Bitcoin has hit the radar.

At this point everything that is legally sketchy has been shut down.

The banks are no longer pretending that they are willing to do business with anything that threatens their oligopoly. (Unless it pays well enough.)

The record labels lost. But artists are actually better off.

The US government tried to stop PGP. It lost.

This time it's the banks that own the governments. They can shut down the internet, or they can lose. And if they shut down the internet, they will be explaining to Boeing and Airbus, Exxon and Total. The banksters have not yet won the arms race.

Well in case of the current situation there is a considerable amount of it.

People fear that the DHS seizing the mtgox dwolla account wasn't the last of it.
Satoshi dice has blocked the US out of uncertainty.
There is considerable doubt that the mtgox/coinlab deal gonna work out.

That is a fact, look around the related threads. And it is different that somebody coming along writing something like: "Bitcoin is unsafe because everybody can steal the coins, operating systems are unsafe and so is Bitcoin.". The former are concrete events with their respectable outcome. The latter is the infamous "spreading of FUD."
There are two kinds of FUD, the one based on agenda/misinterpretation and the other one based on factual events.

QC can be used(theoretically) crack ECDSA (compute private key from public), but QC cannot compute public key from  RIPEMD-160, SHA-256

Where is quantum processing in this?

If there was a trillion^100 addresses that all were active, that wouldn't be nearly as difficult to brute force crack at least one of them, would it?

http://www.bitcointrading.com/img/bitcoinwallpaper1.jpg

Is that for colliding with any address in use, or for finding a specific address? I'd imagine it would be easier to indiscriminately collide with another address that has bitcoins.

10,000,000s of years.

EDIT: Looks like my estimate was too low. 

Trillion is only 10^12  :-) year has only 3 * 10 ^7 seconds  => 10^19 / year  ...10^(35-19) ... only 10,000,000,000,000,000 years :-)  

and what about a trillion keys per second?

The only way would be to generate billions of keys per second, and hope that one of them matches up with someone else. xD

It would still, with a billion keys per second, take an incredibly long time. If it becomes a potential issue, we will increase the length of new addresses, or make them more difficult to compute.

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well.

I mean then the things that are causing the FUD, turns to facts


no Fear, no Uncertainty , and no Doubt that bitcoin will go up Up UP! 

These are the best charts I've seen in a long time.  Literally LOL'd.    It's awesome to see some levity. The weekend crew rocks!

emotions never turn into fact

bitcoin is still a risky investment, but not for long

no Fear, no Uncertainty , and no Doubt that bitcoin will go up Up UP! 

Yes what happens when Fear, Uncertainty and Doubt turns to facts?