★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 260.

brian_nguyen

legendary

Activity: 1404

Merit: 1001

Quote from: banned_but_not_out on February 18, 2015, 07:18:45 AM

I read this in the Cointelegraph the other day about the Bitcoin core update:-

“Bitcoin Core now uses ‘headers-first synchronization’. This means that we first ask peers for block headers (a total of 27 megabytes, as of December 2014) and validate those. In a second stage, when the headers have been discovered, we download the blocks. However, as we already know about the whole chain in advance, the blocks can be downloaded in parallel from all available peers.” http://cointelegraph.com/news/113498/daily-digest-bter-hacked-bitcoin-core-updated - (3rd article down).

Parallel block downloading - is that something we could use? How could it be done since syncing is a serial process ... isn't it?

This is pretty interesting, blockchain download will be much faster using BitTorrent technology.

banned_but_not_out

newbie

Activity: 6

Merit: 0

Latest news from BTER for those who are affected:-

"We are seeking all ways to compensate our users including selling http://BTER.com (Debits & funds not included): [email protected]"

"CNY and USD withdrawals will be enabled first in these days and the crypto-coins (NXT etc)will be handled later when we make sure it's safe." From their website:-

Get the latest updates at （获取最新进展）:

Twitter：twitter.com/btercom
微博：weibo.com/btercom

BTER.com
Email:[email protected]
Phone:400-0070-955
QQ: 4000070955

'Seeking' ways including selling the website, which by their own admission is broken and not "safe" ... and "Debits & funds not included" doesn't sound too good. Translation for BTER Bitcoin wallet holders: Don't hold your breath.

BTER also sent me an email advising to keep checking the BTER website for updates - sounds like the window for reclaiming coins might be narrow. Translation: Don't blink.

banned_but_not_out

newbie

Activity: 6

Merit: 0

I read this in the Cointelegraph the other day about the Bitcoin core update:-

“Bitcoin Core now uses ‘headers-first synchronization’. This means that we first ask peers for block headers (a total of 27 megabytes, as of December 2014) and validate those. In a second stage, when the headers have been discovered, we download the blocks. However, as we already know about the whole chain in advance, the blocks can be downloaded in parallel from all available peers.” http://cointelegraph.com/news/113498/daily-digest-bter-hacked-bitcoin-core-updated - (3rd article down).

Parallel block downloading - is that something we could use? How could it be done since syncing is a serial process ... isn't it?

banned_but_not_out

newbie

Activity: 6

Merit: 0

I think there are lots of people who are responsible for the solid ground that this coin is built upon - Podizzle included. Some we take for granted and others long forgotten. I'm not mentioning names in case I miss somebody out - and most are well known to this forum anyway.

Furio

legendary

Activity: 938

Merit: 1000

Quote from: podizzle on February 17, 2015, 09:45:01 PM

in light of the exchange hacks zeitcoin can really capitalize on this to promote the coin as something to be held in private wallet. we can work on adding extra layers of security to the wallet (we Wink

). zeit's high interest rate ties in with this and it will be seen as a badge of honor to hold coins as we watch the market value increase.

Cool id, the only repsonsible for these coins is you!!

podizzle

hero member

Activity: 535

Merit: 500

in light of the exchange hacks zeitcoin can really capitalize on this to promote the coin as something to be held in private wallet. we can work on adding extra layers of security to the wallet (we Wink

). zeit's high interest rate ties in with this and it will be seen as a badge of honor to hold coins as we watch the market value increase.

banned_but_not_out

newbie

Activity: 6

Merit: 0

Quote from: kiklo on February 17, 2015, 06:17:37 PM

In Another Exchange Bites the Dust News

CAVIRTEX exchange is closing.

http://www.coindesk.com/bitcoin-exchange-cavirtex-close-amid-security-banking-concerns/

Cool

After contacting hundreds of other coins about the BTER hack and how to stayed tuned, I can tell you that there are hundreds of coins out there ready to bite the dust as well. Their pages are like the desert. Zeitcoin must be one of the very few that has not only retained its value over the last 6 months, but has steadily increased it. We are entering a critical period. I like the continued exposure we're getting on the front page of coinmarketcap.

Can't write too much - sore finger - not from posting on all those pages, but from doing my bit on Valentine's Day. You always get a prick in a bunch of roses. Wink

kiklo

legendary

Activity: 1092

Merit: 1000

In Another Exchange Bites the Dust News

CAVIRTEX exchange is closing.

http://www.coindesk.com/bitcoin-exchange-cavirtex-close-amid-security-banking-concerns/

Cool

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Mitras on February 17, 2015, 04:36:37 PM

thats true what you say. But think in a financial way if you speak about exchanges. They have to earn money. What can they earn right now?
We can't support two exchanges!

Learn to walk before starting a marathon.
Don't try to get to the big exchanges as long as Zeit is unknown as it is.
Grow, become more public and than the exchanges will come to Zeit.
2-3 btc trade volume / day and than its getting interesting for the exchanges.
I'm absolutely not against Zeitcoin indeed I realy hope that your dreams will come true.

Thinking in financial terms is what I do.
The more exchanges we are on , the fewer zeitcoins per sell walls per exchange.
If it was beneficial to the community, within the next week , we could bounce our market cap
near 1 million , and that is only being on 3 exchanges.
But that would not help anyone new trying to be a zeitknight, just make it harder for them, so until the rest of the new knights arrive, will hold off on that.
Our trading volume will skyrocket after we get in the millions for market cap.
But we also have to get our virtual to real world economy going, that is what will make more of a difference than anything else and will sustain our market caps throughout the future.

Cool

Mitras

member

Activity: 76

Merit: 10

thats true what you say. But think in a financial way if you speak about exchanges. They have to earn money. What can they earn right now?
We can't support two exchanges!

Learn to walk before starting a marathon.
Don't try to get to the big exchanges as long as Zeit is unknown as it is.
Grow, become more public and than the exchanges will come to Zeit.
2-3 btc trade volume / day and than its getting interesting for the exchanges.
I'm absolutely not against Zeitcoin indeed I realy hope that your dreams will come true.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Mitras on February 17, 2015, 04:02:47 PM

I think they will include Zeitcoin if it has any kind of worth.
I wouldn't take it too. Why Huh

Look at cryptsy and comkort, just two exchanges and just a very very small trade.
Please ask yourself why they should take it.
Just why you believe in Zeit? Huh

As said long time ago, get more realistic.
That's the main cause for me not being a "Knight"!
It's to far away from reality for me

I can give you my reasons,
1st I believe in myself and Ray and Lion and the new Knights and the zeit community.

Zeitcoin being at $1 is far from unrealistic , when you consider bitcoin over $200 and litecoin near $2.

You have put circuit breakers on your own imagination and that limits what you can achieve in reality.
I was always told growing up, that you can do anything that you set your mind too.

For example, a Circus trains baby elephants by placing a chain around their leg that they can't break when young, but when full grown are more than strong enough to break. But yet due to thinking they can't for so long , they never try when they are more than able to snap it.

Saw people in college do the same thing, they let 1 class , that they just thought was too hard for them make them fail, but they did not see it through to the end , they always quit before nearing the end , because they thought they would fail , they quit making the attempt.

Mitras break those chains you have placed in your own mind, realize your true abilities and combined with the Zeit Knights and Zeit Community our success is certain.
Zeit Knights : failure is not an option , We keep at it til we succeed.

Cool

Mitras

member

Activity: 76

Merit: 10

I think they will include Zeitcoin if it has any kind of worth.
I wouldn't take it too. Why Huh

Look at cryptsy and comkort, just two exchanges and just a very very small trade.
Please ask yourself why they should take it.
Just why you believe in Zeit? Huh

As said long time ago, get more realistic.
That's the main cause for me not being a "Knight"!
It's to far away from reality for me

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Varvarin on February 17, 2015, 02:00:48 PM

I've sent a request and been warned many many times about not talking too much about coins not listed there.

Geez, that is a little orwellian.

Cool

Edit: Their Loss if they chose to exclude zeitcoins.

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Quote from: uki on February 17, 2015, 06:00:03 AM

...
Poloniex is a great exchange, and I would love to see ZEIT there and on BTC market.
Busoni would be the person to talk to - that is believe the task Knighthood may undertake in consideration.

I've sent a request and been warned many many times about not talking too much about coins not listed there.

Tho should have asked Ray to ask them.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: kiklo on February 16, 2015, 07:18:40 PM

Quote from: podizzle on February 15, 2015, 11:39:04 PM

well it appears hitbtc may have been hacked as well. withdrawals are disabled.

i like the idea of a ZEIT/XMR market on poloniex. always good to have goals other than just a higher market cap imo.

Submitted a request that poloniex add zeitcoin.
Did not see a voting page.
Cool

Poloniex is a great exchange, and I would love to see ZEIT there and on BTC market.
Busoni would be the person to talk to - that is believe the task Knighthood may undertake in consideration.

podizzle

hero member

Activity: 535

Merit: 500

zeitcoin on the verge of passing up some alt heavyweights on coinmarketcap. vertcoin, potcoin, uro, xc all within sniping distance Shocked

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: podizzle on February 15, 2015, 11:39:04 PM

well it appears hitbtc may have been hacked as well. withdrawals are disabled.

i like the idea of a ZEIT/XMR market on poloniex. always good to have goals other than just a higher market cap imo.

Submitted a request that poloniex add zeitcoin.
Did not see a voting page.

Cool

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: podizzle on February 16, 2015, 12:04:34 PM

c-cex is unprofessional in my experience. had coins locked up there for weeks while nobody responded to my support requests. sounds familiar? limited experience with bleu but it was good in my few trades.

I haven't had any issues with c-cex so far, thus I cannot report on that. But my experience up to date with trading there was rather ok. They do not have big volumes, I think I only saw once a coin reaching more than 500 BTC of volume (and it could have been fabricated), but a solid double digit BTC volume, yes. It is a small to medium size exchange, and as every such of that kind (Comkort, Yobit.net) it is making its living by accepting new coins faster than the bigger exchanges would do, hoping to get some profit from that. And some of these coins may have caused issues for sure. but still I think it would be good to have ZEIT there.

banned_but_not_out

newbie

Activity: 6

Merit: 0

Quote from: LionOfNarnia on February 16, 2015, 05:45:05 PM

A big 'UP' for all the Knights who were able to join last nights' teamspeak session. Grin

I feel that every time we meet up, we strengthen the understanding between us, and thus make the team more able to meet the challenges we will face in making Zeitcoin the worlds' favourite currency.

For sure, there will be another one next weekend - same time unless there is a consensus for a change.

Reminder for the rest -

You only have 12 days to claim one of the 5 available seats at the high table - after that you face a long wait.

banned_but_not_out

newbie

Activity: 6

Merit: 0

Quote from: Rent_a_Ray on February 16, 2015, 02:11:53 PM

Quote from: a_cat_named_joe on February 15, 2015, 11:50:43 AM

Just saw the news about BTER. Seems I took a hit. I hope not too many others were affected. We were warned. Here's the latest on what BTER have to say on their website :-

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of the unaffected coins will be arranged later.

BTER.com
Email:[email protected]
Phone:400-0070-955
QQ: 4000070955

Question 1: If it's a cold wallet, how can the coins be stolen?

Question 2: Are we fated in that just as we get to the top of a coin vote poll, the exchange closes down!? We were at least 8th out of 256 and rising faster than all the other coins on BTER.

Q1: Inside job. If you have the private key everything is possible. Cold storage isn't a solution. Thief can import the key --> the wallet is hot.
Different scenario: Bruteforcing with vanitygen, high calculation power and a lot of luck. (watch my signature - It took ~10 Minutes with an old AMD card.)

There are some webpages with thousands of random-generated keypairs - If a key matches with an existing key (let's say the thief is monitoring all accounts >1000 BTC against his database) he would be the winner. And the next question could be: Is "thief" the right term then? (I don't know how key generation in Bitcoin core works, but if it works with a system time randomizer, you could try to generate addresses with a manipulated system time. But that's only a thought.)

A "good" key generation could be: Mouse moving + personal message + systime + actual CPU temperature + ID of the third process in your taskmanager + hash of the current block. http://zeit-coin.net/palm.png

Had too much beer today.

Cheers,
Ray

You're alright. Everyone deserves a drink every now and then. In fact have another. I have a question to ask you.

Say a large number of Bitcoins went missing at a big exchange and you had the blockchain info, how would you 'chase it back' so that the person responsible would be identified and the coins recovered?

Let's pluck a random figure out of the air ... completely out of the blue ... say 7170 BTC for instance ... and the blockchain info was ... hmmmm, let me think ... let's say:-

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

Purely hypothetical of course, but how would you do it? Now take your time ... nice and slow, while I take notes ...

Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 260. (Read 1009352 times)